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Share Name Share Symbol Market Type Share ISIN Share Description
Bisichi Plc LSE:BISI London Ordinary Share GB0001012045 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.0% 60.00 55.00 65.00 - 0.00 00:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 48.1 3.0 9.8 6.1 6

Bisichi Share Discussion Threads

Showing 701 to 723 of 775 messages
Chat Pages: 31  30  29  28  27  26  25  24  23  22  21  20  Older
DateSubjectAuthorDiscuss
07/11/2018
17:08
my partner bought a few more yesterday but it still worries me how they give someone £1.8m and not protect the company against loses school boy stuff Now I have got this coal mine in SA that I would like to sell. £1.8m deposit is all I want paid into my swiss bank account number 456.....
ntv
05/11/2018
19:49
Well, they are trying to recover some of it; During the year the group wrote off its £1.8million investment in Ezimbokodweni Mining (Pty) Limited (“Ezimbokodweni”) made up of a £1.4million loan (2016: £1.4million) and a £0.4million (2016: £0.4million) joint venture investment. The carrying value of the investment was dependent upon the completion of the acquisition of the Pegasus coal project (“the project”) in South Africa. Although a proposed sale and purchase agreement had been negotiated and a deposit paid for the project, the conclusion of the transaction had been delayed pending the commercial transfer of the prospecting right from the current owners of the project to Ezimbokodweni. Although the group has always remained committed to completing the transaction, previous negotiations to complete the commercial acquisition of the project had been beset by various delays outside of its control and at the beginning of 2017, the current owners of the project notified Ezimbokodweni that they no longer wished to divest the project. More recently, the group was notified that an agreement was reached between the current owners of the project and the directors of Ezimbokodweni for the deposit for the project to be returned and any further negotiations with Ezimbokodweni to acquire the project to be terminated. Although, a legal claim by the group has been issued against Ezimbokodweni and its representatives, in order for the group to recover some of the investment, the Board has considered it to be appropriate to write off the investment in full in the 2017 year end.
callumross
24/10/2018
16:48
callumross Unreal value to be fair considering the profits they should be making but someone wants the price lower I wonder who has got the £1.8m that disappeared
ntv
30/9/2018
12:04
maxk they are lowly rated as well got a small position there as well
ntv
15/9/2018
22:29
https://uk.advfn.com/cmn/fbb/thread.php3?id=948862&from=866
maxk
15/9/2018
22:18
Maybe the interim dividend wasn't increased because they need to conserve cash for the redevelopment of the recently acquired property joint venture?
callumross
15/9/2018
18:49
a higher rating would come if more of the profit was returned to shareholders i.e regular dividend increases. I cant understand why the interim wasn't raised from 1p. the management simply have no need to care about the shareprice so it is probably priced at us getting 4p a share forever with the odd special.
bisiboy
10/9/2018
12:53
The £1.8m has been written off in last years accounts, NTV, as a prudent accounting measure. It is quite possible that some of this will come back as exceptional profit in the future but I agree that regardless, this share is a steal. You have correctly identified the reasons why it is so cheap i.e majority control and excessive directors costs. Another reason is that the mine earnings can be lumpy, in contrast to the steady income stream from the property business. What exactly the catalyst for a rerating of the share to reflect the earnings and assets, I don't know, but the current rating is ridiculous.
callumross
09/9/2018
16:26
so what is the catch? Poor PR, Management take large amount of fees every year and award themselves cheap options LAS owns 40%+ ( same family management team so they get paid twice to manage the properties etc) The cashflow comes from coal and £1.8m is still missing in South Africa from an aborted acquisition. Discount to nett assets is currently very large P/e ratio is very low and possibly the lowest on the market yield is approx 4% assuming no increase or special dividends in current year Surely in this day and age the market can't allow the management to run it like it is a private company
ntv
09/9/2018
10:52
!FOLLOWFEED Principle investments are coal mining and property investments 24 August 2018 BISICHI MINING PLC Interim Results for the period ended 30 June 2018 For the six months ending 30th June 2018: * EBITDA [1]: GBP5.2 million (2017: GBP1.4million) * Adjusted EBITDA [2]: GBP5.3million (2017: GBP1.4million) * Profit before tax GBP4.0million (2017: GBP0.2million) * EPS (basic): 22.25p (2017: 2.37p) * Total production: 670,000 tonnes (2017: 582,000 tonnes) * Results reflect the stable production and the infrastructure improvements to the coal washing plant at Black Wattle. * Physical demand for Black Wattle coal remains strong, impacting positively on prices achievable for its coal in the international and domestic market. * UK property portfolio performing well with no further news to report on West Ealing development.
ntv
31/8/2018
10:38
presume they are taking it back down to the low 90's again lol
ntv
28/8/2018
08:43
Apparently "there has never been a formal price index for sized coal sold to domestic users in South Africa, miners have "generally taken their lead from each other and set their prices accordingly, with Glencore predominantly setting most prices."" www.spglobal.com/platts/en/market-insights/latest-news/coal/022017-south-african-coal-miners-look-to-domestic-market-for-higher-prices
sammu
26/8/2018
16:53
That is the export price callumross. i was after the domestic price
ntv
26/8/2018
14:53
Still at 98.5 NTV which is higher than the average price for the first half of BISI's financial year.
callumross
26/8/2018
12:57
Price of coal? Lol. Who gives a toss about coal prices.The coal business is just a side show to distract the reality of the situation in so much as the main purpose of this company which of course is that its simply a private piggy bank to maintain the private lifestyle and seperate business interests of its masters.
my retirement fund
26/8/2018
11:36
EPS of 22p at the half year would have sent the share price soaring if this had been any other share second half could be weaker as price of coal from Richards Bay has dropped away recently but i don't think it affects sales much as most appears to go to the domestic market I don't seem to be able to find out much about pricing for that. anyone got any links for that TIA
ntv
24/8/2018
19:19
Think the Heller family will have some spare cash once the EDP bid closes. Something could happen then I guess, but probably more likely that the status quo will continue.
topvest
24/8/2018
19:09
I seem to remember a habit of the lending great lumps if cash to connected party companies under laughable repayment and security terms for next to nothing.I guess more of the same then.
my retirement fund
24/8/2018
19:02
Yes I wonder how much they've paid themselves in H1. It's already in the P&L figure, so the 22.25p EPS is after those costs. Looks like interim divi is always 1p, and final divi is significantly more, so not bothered about that.
bozzy_s
24/8/2018
17:07
Well the results are very good, but a 1p dividend on EPS of 22p is ridiculous. No comment on the fact that shareholders are voting against the board because of their greedy remuneration policy. No doubt another big bonus for the CEO on the way.
topvest
24/8/2018
16:10
50% higher would be roughly net tangible asset value (i.e properties and cash in BISI's case). Still absurdly cheap. You're right callumross, it has to be because of the board ownership and remuneration. Still, someone commented on here a while back BISI has done nicely for them over the years, despite those factors. Last year's FY dividend was 5p against EPS of 7p This year's FY dividend ?? against EPS 44p It's cheap on every metric. Been on my monitor for donkeys years. I've posted on this board in the distant past. First thing I read today before market opened was BISI's RNS. Saw that H1 EPS was up ~ 10 fold. Half year P/E a ridiculous 5! Expected the shares to open in the high 100s. Never imagined I'd be able to buy at 119p. The spread automatically makes these a medium term hold. Happy to do that with a bit of newsflow due re UK properties. Someone clearly got bored after 37 minutes this morning. Bought at 125p, sold at 115p. One born every minute! Now these results are out the way, and the share price has barely appreciated them, I wonder if we'll see director buying? At today's price it's like going into a corner shop and paying 66p in exchange for a £1 coin and a lottery ticket!
bozzy_s
24/8/2018
15:03
1p interim presumably to conserve cash to fund the recent property joint venture. To be fair they did pay a final of 4p just a few weeks ago. On any metric these shares are ridiculously undervalued caused by the board having majority control and the essentially lumpy nature of mining profits. But also underpinned by strong assets. For all the grumpiness about director pay (fully justified to shine a light on this, by the way) these should in honesty be trading at least 50% higher which would still only put the shares on a prospective P/E for this year of about 5.
callumross
24/8/2018
14:48
Ok, results finally more in line with previous board costs (not sure how much of a raise they've given themselves for these results). Absolutely stunning, with positive current trading they could feasibly double up for the full year. Net cash and properties above current market cap. P/E of under 3. Got to have a few of these even with expensive management. Interim divi of 1p does seem a bit stingy!
bozzy_s
Chat Pages: 31  30  29  28  27  26  25  24  23  22  21  20  Older
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