Bisichi Share Discussion Threads

[rimau1] 10/12/2024 08:09

TGA report improved rail performance in RSA and strong coal markets in China and India offsetting Europe.

[andydaf] 15/11/2024 17:45

All being well with production a final dividend of around 7p should be in order.Leaves enough left to invest in equities and should help fund flat developement in london.Crackers really the price here but micro caps and especially micro caps connected to thermal coal are not in demand on the uk markets.GLA

[8gggggggg] 12/11/2024 10:53

Any guess what divi will be ?, I have added a lot over the summer,but encouraged by AGM statements and discussions.Dakas

[andydaf] 10/11/2024 06:51

All things being equal the second half results will be good here.Coal price has been around 10per cent higher and all things being equal should mean greater profits.Small cap companies that actually make profits and distribute dividends are in my view heavily discounted on the uk stock exchanges.Whether that will change anytime soon is anyones guess.At least in the meantime Bisichi is paying us dividends.In my view OPG should pay a small dividend to encourage private investors to invest as although their business is good i cant see any institutions buying shares in a thermal coal plant.Sobering to think Bisichi is worth less than PXC.GLA

[dave4545] 08/11/2024 15:46

Savage 6500 sold for 103p when 110-120p

No buyers out there for value stocks atm

OPG the same

[dave4545] 17/10/2024 15:44

I see yet another stock where the mm's are robbing and manipulating the price.

11p difference between the £5k buy and £1.3k sale and of course the price drops on the sale and the buy is ignored

[bozzy_s] 15/10/2024 09:29

I reckon a new thread if/when the company changes its stance towards directors pay, and shareholder returns!

[dave4545] 15/10/2024 08:54

I thought the dividend would change that.

I mean it's like OPG which keep saying they are throwing off cash and profits but still refuse to pay even a tiny dividend and the shares remain friendless

Do we need a new thread regardless ...no charts in this one

[andydaf] 14/10/2024 14:31

Non executive director buying shares.Seems to me things must be going well.GLA

[bisiboy] 10/10/2024 21:23

Maybe just waking up to massive potential

[rimau1] 10/10/2024 15:07

What has caused the big move today

[bozzy_s] 10/10/2024 08:59

That's a huge fish they've bagged. Just did a quick check to see if he's a snout-in-the-trough type politician (to match existing management), but nothing obvious. Nothing bad during the expenses scandal.

[callumross] 31/8/2024 08:52

Great results and NAV now at £3.50 per share. Also Richards Bay FOB prices now around 10% higher than first half so 18p earnings in the first half may well be exceeded in the second half. Maybe 40p for the full year so a PE of 3 for the year (don't know how you get to 1 Andy).

[andydaf] 31/8/2024 05:27

Good results,if the mine can keep production up a good year is on the cards here.Happpy with the dividend as the company keeps building its investment portfolio and happy for them to build out the london developement.Forward p/e of around one seems cheap to me.GLA

[rimau1] 30/8/2024 07:23

The only catch IMO is the corporate governance and liquidity but well rewarded at these levels. I like the additional detail disclosed on the equity portfolio and ealing they have decided to build it out. All good, happy i was buying in the 80's.

[dave4545] 30/8/2024 07:18

The numbers are amazing.

But my memory says there's a catch or was a catch

Was it mental director wages ??

Or liabilities I cannot remember.

Anyway purely on the numbers it should bounce but I have just noticed it so reluctant to chase the spike even though it might be still a very cheap price

[e43] 30/8/2024 07:13

Surprisingly good set of results, long awaited improvement in mining has happened.

[rimau1] 29/6/2024 15:18

You've missed gbp14m investment portfolio of listed readily realisable stocks and about 10m of freehold property and the JV property decelopments such as west ealing. Why would you exclude these? Bisi spent a load of cash on stock investments which you now exclude because they are no longer in cash. Makes no sense to me. I only look at this BB every few months so my responses will be slow.

[callumross] 29/6/2024 09:08

And a nice 4p dividend for those who buy the shares before Thursday! Despite Bozzys fears I cannot think of many companies with a stronger balance sheet. Think the share price is about one quarter of net assets.

[andydaf] 29/6/2024 07:28

Another fund manager appointed as a non executive,seems to me bisichi is trying to be a mini ocean wilsons.Interims due end of august be intereting to see if they have managed to rail more coal this year.GLA

[bozzy_s] 24/6/2024 17:29

Yep, I've re-read the balance sheet, my original post stands. It clearly shows net current liabilities of £9.8m. What do you guys think I missed?

Inventories £2.5m
Trade Receivables £7.9m
Investments £0.7m (whether blue chip or otherwise makes no difference as I'm keeping the full value anyway)
Cash £3.2m

Current assets £14.4m


Borrowings due within 1 year £7.4m (probably refinanced and moved to non-current liabilities)
Trade Payables £11.5m
Tax Payable £5.1m

Current Liabilities £24.2m


What did I miss in the commentary rimau1? Are investments shown at cost, but actually worth more than £0.7m? Was the current debt refinanced and moved to non-current?

[rimau1] 27/4/2024 07:35

Crikey bozzy, try reading a balance sheet in conjunction with the commentary provided.

[tim000] 26/4/2024 22:50

Re the balance sheet, that’s simply not true. They’ve increased net debt while increasing the size of their investment portfolio. They only invest in highly liquid blue chips. They also expect mining profits to increase this year, of which nearly four months have already passed. Given their mkt cap the company has a very strong balance sheet and earnings outlook.