Shares went xd first thing this morning for 3p interim dividend but market makers knocked price down by 5p. Go figure! |
TGA report improved rail performance in RSA and strong coal markets in China and India offsetting Europe. |
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 |
Any guess what divi will be ?, I have added a lot over the summer,but encouraged by AGM statements and discussions.Dakas |
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 |
Savage 6500 sold for 103p when 110-120p
No buyers out there for value stocks atm
OPG the same |
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 |
I reckon a new thread if/when the company changes its stance towards directors pay, and shareholder returns! |
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 |
Non executive director buying shares.Seems to me things must be going well.GLA |
Maybe just waking up to massive potential |
What has caused the big move today |
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. |
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). |
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 |
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. |
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 |
Surprisingly good set of results, long awaited improvement in mining has happened. |
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. |
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. |
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 |
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? |
Crikey bozzy, try reading a balance sheet in conjunction with the commentary provided. |
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