Bisichi Share Discussion Threads

[bisiboy] 29/10/2016 09:42

any chance of a dividend increase rather than a bonus increase for mr h?

[callumross] 25/10/2016 09:31

https://www.ft.com/content/a71cc96c-dcba-3e53-8a87-caf8be075ae6

[callumross] 25/10/2016 09:28

Looks like the market may be waking up to recent coal price - exchange rate developments!

[my retirement fund] 25/10/2016 08:52

Almost no stock available to trade at this level. Would expect the NAV to be comfortably exceeded before it becomes a little more liquid.

[my retirement fund] 25/10/2016 08:43

Indeed they are - perhaps they will be subjected at some stage in the future to Mrs May and her cohorts reterict of corporate governance reforms.But yes this is clearly a golden time for their coal mining businesses and the currencies all mean that they have never had it so good. What's more it looks more like a permanent development.

[callumross] 25/10/2016 08:35

Not just that - BISI must be coining it in with the favourable exchange rate movements in the £ / $ / rand rate. Plus £1.20 per share in UK property assets and £1.50 NAV overall. Board still taking too much out of this company, though!

[my retirement fund] 25/10/2016 08:25

I take it everyone knows about the doubling of price of high grade coal and shortage of coking coal and the cut backs in Chinese production in the last few weeks ?

[callumross] 27/8/2016 12:57

They do seem well remunerated! Anyway, £15.9m net assets, up from £15.6m at the year end equates to £1.48 per share and property assets alone are £1.20 per share.

[ntv] 27/8/2016 09:09

PROFITS WOULD BE TREBLE THOSE REPORTED IF HELLER DIDN'T TAKE £1M YEAR FROM THE COMPANY. GF

[callumross] 19/8/2016 19:18

Ticking up nicely. One of the beneficiaries from Brexit I guess through the exchange rate gains for the colliery as result of cable depreciation.

[bisiboy] 15/5/2016 18:16

me too see Mr H has managed to payback 15k of the loan.

[topvest] 30/4/2016 12:28

Yes, £1,576k of directors' emoluments versus £427k annual dividend says it all. Average salary cost for the workers is £24k even including the director excesses. I will vote against most of the resolutions, not that it will make any difference.

[bozzy_s] 23/2/2016 16:03

Desperately needs some corporate action. A white knight to boot out the exceptionally greedy BoD, and either spin off, or sell off, the UK property portfolio (by itself worth around 100p per share).

[bozzy_s] 23/2/2016 15:57

These would be trading at 300p+ if it weren't for the ridiculous directors salaries. If they earned a more reasonable £500,000 per year between them (still a little high perhaps), the dividend could be increased to around 11p per share. 2014 earnings would have been approx 20p per share. A share price of 300p would represent a P/E of 15, a yield of nearly 4%, and be underpinned by net tangible assets of 150p per share. They've obviously done the maths and decided that paying themselves a fortune makes them better off than paying themselves a fair amount and seeing the subsequent increase in the value of their shares. Haven't looked into their individual shareholdings, but I'd have thought if they own say 50% of the company, then surely they'd be better off earning a reasonable/fair amount and seeing the value of their shares increase by £10m - £15m?

[ntv] 14/5/2015 19:42

a certain director creamed off nearly a £1m. that is 10% of the mkt cap. that means one director of BP could take £14bn. that is 10% as well!! wholly unacceptable and just pure greed in my opinion. but wtfdik

[topvest] 09/5/2015 14:07

£1.495m of directors' remuneration versus £1.160m last year. The dividend costs £0.43m and has been maintained ---- say's it all really!

[bisiboy] 01/5/2015 17:22

clearly not in fact quite the reverse. still i am sure shareholders are quite happy for all the extra profits to be spent on pay rises rather than dividend increases!

[topvest] 23/4/2014 19:34

£614k for the MD and £425k to shareholders in dividends says it all. Surely £614k in South Africa = a ludicrous salary and very high living standard. Not sure how he gets away with it given the employees are on such a low salary. More and more money for poor financial performance. This company could have distributed twice as much to shareholders over the last five years if we didn't have such a self serving bunch in charge.

[topvest] 23/4/2014 19:29

Yes, very excessive - continues the trend of the family taking too much or a son with very expensive living habits!

[envirovision] 23/4/2014 12:06

Heller got a 32% pay increase LOL, there really is not point to the company is there unless your a Heller or connected party

[michaelmouse] 21/4/2014 10:17

hTTp://michae1mouse.blogspot.co.uk/2014/04/the-low-pe-small-cap-high-yielders-vs.html Michael.

[topvest] 23/2/2014 17:00

Bisichi has been quite a big disappointment over the last 5 years. They need to create some real value for holders rather than just plodding on and awarding the son an excessive remuneration package for a mediocre performance.