Bisichi Share Discussion Threads

[topvest] 29/11/2011 13:30

Yes, good news here I think - there is a lot of value in this company and it will be nice to start seeing some of this!

[envirovision] 29/11/2011 13:19

edit having checked my figures :


54.2M Rand = £4.1M cash / 10.5M shares = 39 pence per share

[envirovision] 29/11/2011 13:10

If I'm reading this right, it adds 38 pence to our NAV, can anyone check me on this.

[envirovision] 29/11/2011 13:05

Nice little windfall (subject to completion). I make that a £4 Million pound windfall on assets which were valued prior at zero.

Nice one !

[bisiboy] 19/11/2011 11:08

as expected happy to remain a holder
need some news on peguses though when that comes should move ahead strongly

[topvest] 17/11/2011 19:28

Yes, a very positive IMS. Firmly on the mend and should have risen more today.

[envirovision] 17/11/2011 07:55

Clearly 2011 has been ruined but now firmly on track, according to some this could in theory be doing 38p + eps next year. There is even 82p pencilled in for 2013.

[envirovision] 19/5/2011 10:46

market has not spotted this yet

[envirovision] 19/5/2011 10:41

IMS confirms this. Infact fantastic news, cant understand why the share price has not reacted.

Profits due 2nd half, even the supply of trains has improved to an extent the stockpiles will be gone and the mine should reach maximum monthly production early 2nd half:

The performance at Black Wattle Colliery ("Black Wattle"), our direct mining
operation in South Africa, continues to improve in 2011 following the
challenging environment experienced in 2010.

This improved performance arises principally because:

* Monthly production from our new reserves is steadily increasing

* Coal prices have gone up significantly in all our markets - so far we have
seen an average increase in the export price in 2011 of 28% and an average
increase in the domestic price of 12% free on mine

* The new reserves that we are mining in 2011 have a lower average stripping
ratio than the reserves we mined in 2010

* The washing plant yield is higher than the yield on the reserves that we
mined throughout 2010

* Much of the new reserves being mined comprise low phosphorous coal which is
being sold into the domestic metallurgical industry at a premium

* We have undertaken a substantial and successful cost cutting programme.

[envirovision] 26/4/2011 11:46

Prospects seem better than ever.

Numis Securities forecasts 2011 revenues of £39.3m, adjusted pre-tax profits of £4.8m and EPS of 33p.

[skyracer] 15/3/2011 08:55

While historically, BISI will be posting a loss for the year, prospectively the forward statement should be very positive. The nuclear crisis in Japan has boosted Richards Bay thermal coal to $121 today.

[envirovision] 01/2/2011 15:35

about time it went upwards

[envirovision] 15/1/2011 11:17

Forward looking statement should be good though. I just had a fantastic run on UKC after having first got in at 33p. Will put some more in here next week i think.

The tangible value in this company is simply staggering.

This is so chalk and cheese compared to the array of AIM listed companies out there with dodgy mining licences and barley enough tangibles prove their prospects let alone enter production. Those sorts have certainly had their day in the sun and shone like bright stars in the last 3 months. It can only be a matter of time before Bisichi does.

[bisiboy] 15/1/2011 11:10

good long term hold imho have quite a few of these held for years.

results this year however will not be great(as flagged by the company) but long term prospects are very exciting.

news of pegusus would provide a short term lift to the share price but we have ben waiting a long time for this, now new black empowment partner on board we may see some action here.

[envirovision] 10/1/2011 15:50

Commodities daily: Forgotten energy

By Javier Blas

FT

10 Jan 2011

For many investors, oil and natural gas are the only energy commodities.

But thermal coal, used to fire power stations, is also important even if it is often overlooked.

Don't get me wrong, oil is still the most important source of energy, but rather than concentrating only on whether its price its $100 a barrel, investors should also pay attention to whether thermal coal prices continue their climb up towards records.

Thermal coal is still the main source of electricity around the world. For example, China, the world's biggest energy consumer, relies on it for more than 80 per cent of its electricity supplies; Japan, around 65 per cent, and the US, for nearly 40 per cent.

The cost of thermal coal in the Australian port city of Newcastle, a benchmark in the coal-dependent region of Asia, has risen above $130 a tonne, the highest in two years.

Worse, senior mining executives and traders say that annual contracts, which run April-April because they are set on the basis of the Japanese fiscal year, could rise as high as $140 a tonne, an all-time high, above the record of $125 a tonne set in 2008.

The chatter about record prices is well above the forecast from most City of London analysts, who are forecasting annual contract prices of $115-$125 a tonne. The negotiations for the 2011-12 year with Japan, South Korea and Taiwan are about to start and traders believe they are going to be one of the most difficult ever.

The increase in thermal coal annual prices, which affect around 40-50 per cent of the seaborne trade of coal, will put pressure on electricity prices across the world, particularly in Asia, where coal is the main energy commodity to fire power stations.

The flooding in Queensland state in Australia is partly behind the spike, but there are other elements at play related to unusual heavy rains. Wet weather in Colombia, South Africa and Indonesia has also curtailed production in those key exporters. Meanwhile, demand is strong, with China and India buying more and more overseas.

For investors, a lack of thermal coal futures means that it is difficult to gain exposure easily to rising prices.

True, sophisticated investors could turn to thermal coal swaps, with several banks involved in the trade of private, bilateral over-the-counter financial contracts.

Beyond, equities are the only source of exposure, with companies from London-listed Xstrata to New York-listed Peabody. But the array of equity investment will increase this year with the arrival of two key companies to the London market: Bumi, the Indonesian thermal coal exporter, which is listing in the UK through Vallar, the London-listed cash shell founded by financier Nat Rothschild; and the flotation mid year of Glencore, the trader which is a powerhouse in coal.

[envirovision] 10/1/2011 14:43

Quite thread. Have bought some today just on analysis via sharescope software really, is there anyone out there?

[bisiboy] 21/8/2010 09:48

agree and hopefully some news on peguses

[sammu] 19/8/2010 17:17

Results at the end of the month - not expecting great numbers, 2nd half guidance will be of interest.

[bisiboy] 03/8/2010 14:02

seam to have a bit of life

[sammu] 31/3/2010 23:20

Results soon, should be decent, interested in any forward production guidance as washing capacity has been increased to 170,000 tpm.
It's weird to have no idea how big resources are. Any ideas on this front bisi?

[bisiboy] 23/2/2010 18:26

very quiet on here nice upgrade from numis with a 340p target price

[topvest] 04/5/2009 17:32

If he missed on the bonus the dividend could have been tripled. Yes, this could do very well, but I'd rather have a tripled dividend than the director in question taking a £1m for himself. Is this a Heller party or run for shareholders!

[parvez] 04/5/2009 09:26

Hopefully he will get this one to FTSE entry :).
Great recovery story all the same

[topvest] 02/5/2009 08:28

Back to Andrew Heller - £961k of emoluments including a racey £600k bonus. That's outrageous when the dividend costs £366k. Not exactly a company run on behalf of shareholders. They have done well with the Company, but this is getting a bit silly. He's getting paid a FTSE 100 salary!