Bisichi Share Discussion Threads

[bisiboy] 19/10/2021 16:06

your not missing much. very illiquid stock so no real interest from professional investors other than a few long term holders.
its one thing to generate the cashflow in the business but another when it comes to
shareholders seeing the colour of the money.

[tigerbythetail] 19/10/2021 13:33

Does anybody understand this share price?
The coal price (FOB Richard's Bay, AP14) is nearing $200/t. And it's much higher in China, currently. (This compares to an average of $97/t in H1).
Surely, all BISI have to do is to maintain current production and costs, and forward sell as much of that production as they can at current market prices? The company would make its entire mcap in profit in a few months.
I understand the mine has a short remaining life (unless extended). But that doesn't really explain the current share price.
What am I missing here?

[talk2dubya] 07/10/2021 19:31

Bisi:

The Group primarily focuses on managing its underlying production costs to mitigate coal price volatility as well as from time to time entering into forward sales contracts with the goal of preserving future revenue streams. The Group has not entered into any such contracts in 2019 and 2020.’

hxxps://bisichi.co.uk/annual-reports/

2021 half year also refers to average for that year and does not reference any forward selling. Might be a smart move to do so now though, they must be absolutely raking it in at the moment.

Not sure what prices they could have sold at from July onwards?

[winnings1] 05/10/2021 18:04

One year high coal prices and BISI's profits will exceed its Market Cap, i.e. PE-ratio at current share price will become below 1. Something is going to haver to move, I reckon it will be the share price.

[bisiboy] 02/10/2021 11:10

lets hope they havent forward sold

[talk2dubya] 01/10/2021 07:35

200 dollars

[talk2dubya] 01/10/2021 07:33

Actually spread was not 20p prior to close. Was still pretty wide though as a result of the liquidity.

Need to bite the bullet if you want in.

[cassini] 01/10/2021 02:43

Spread is 20p!

[bisiboy] 30/9/2021 23:42

It says something when a share which is up 30% on the day attracts such a small number of posts
It is sad but many of us long term holders believe this is not a company run for all shareholders equally

[winnings1] 30/9/2021 11:31

The coal price has risen dramatically off late, witth futures prices currently as high as $190, which is
more than $100 above the prevailing price earlier this year. BISI, producing some 1 million tonnes
of coal per year, is likely to face a bonanze time. Should the very high coal prices persist for some
time to come, and should BISI enjoy prices as high a $180-190 per tonne for a whole year, then
profits would exceed BISI's current market cap. Sounds impossible to come true? Well, with the
prevailing global energy shortages, it is in my view possible to come true. Worth a punt, I would
say.

[talk2dubya] 30/9/2021 10:24

LAS own 46 percent. Market has missed this surge in prices I think is what is happening

[ntv] 30/9/2021 09:02

LAS went up as well yesterday so maybe something to do with the development site? or is just to with coal?

[cottlet] 29/9/2021 20:58

I lost money on this company several years ago... wont be buying again!

[robizm] 29/9/2021 16:41

This company is a directors benefit fund and is not fit for purpose

[bisiboy] 29/9/2021 13:28

looks like short of stock should tempt out a few sellers would not be a suprise to see
it drop right back

[ntv] 29/9/2021 13:21

looks like a tip somewhere
Even with this lot as management, this company must be profitable!!

[callumross] 31/8/2021 12:03

If they can't make money at these elevated coal prices because of extraction difficulties due to the mine approaching end of life then when will they ever make profits again?

[callumross] 31/8/2021 10:43

Well that was unexpected and disappointing!

[bisiboy] 19/8/2021 22:46

Yes should be great news for directors bonuses!

[callumross] 09/8/2021 11:49

Now $135 for Richards Bay API4. Bisichi must be absolutely coining it in this year provided the access issues to the terminal have not prevented them benefiting in full from the export market. We will find out when interims released later this month I guess.

[callumross] 12/5/2021 16:09

Don't know why my link hasn't posted correctly

[callumross] 12/5/2021 16:09

Much of what you say in relation to corporate governance I agree with and my post is a bit academic anyway as it is really difficult to pick up stock in a decent quantity at the moment (I have tried!). As regards the coal price for export it has been over $90 all year and just broached $100 - [...]