Bisichi Share Discussion Threads

[puku] 15/2/2013 13:08

I added a few days ago so liking the nudge up today.

[puku] 10/2/2013 12:25

If it made 10.9 eps in first half with avge prodn of 150,000 what will it make in second half with avge prodn 170,000 ? Has anyone researched recent coal prices in SA - they were down 15% as at Sept? A years eps of say 23p gives a p/e of 5.

[ntv] 18/1/2013 21:29

we bought a few more this week

[bisiboy] 06/12/2012 17:56

i own both as well.
if i was buying today i think i would go for las.
if it came to it (not that it would happen at least i dont think it will)
they could sell bisi and would have no problem refinancing in my view.
spot on about the very greedy remuneration.

[ntv] 02/12/2012 17:59

hi topvest, looked at las ,noted loan re-negotiation needed,we will wait for conclusion. hope life's treating you well by the way

[topvest] 02/12/2012 17:03

I agree with that - the son is paid excessively. Nevertheless, think the company is otherwise run pretty well. I also own shares in the connected company, LAS, which are still trying to re-negotiate their loan with RBS.

[ntv] 02/12/2012 16:53

bought some recently, payments to directors are far to high

[topvest] 02/5/2012 20:16

Pretty much the same old story at LAS in terms of the Chairman's son getting a big bonus. Hold LAS as well. Leverage is a worry, but I think they will pull through without dilution and get the RBS facility renewed. Auditors seem to agree, so that's always a good sign!

[topvest] 01/5/2012 19:58

Yes, results ok. Bonus to the MD is way too high versus the dividend though. What's the bonus for - a loss?

[envirovision] 30/4/2012 07:56

This is more like it.

[bisiboy] 29/11/2011 18:41

yes but i was hoping pegusus was worth more to them
still positive from these low levels.
further reserves now neded perhaps.

[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