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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 60.00 60.00 60.00 0.00 08:00:03
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 151 to 173 of 775 messages
Chat Pages: Latest  7  6  5  4  3  2  1
DateSubjectAuthorDiscuss
12/10/2004
11:50
Buys more than sells now 27k V 21k. regards oliver. Chance to get them onthe cheap, dont let it slip.
oliverletwintit
12/10/2004
11:14
Looks like the small caps have been hit with a sell off this morning. This ones down 10% compounded by the fact that it is a very high beta and illiquid share. No need to panic though as it can move back up just as quickly. Buyers coming in now and picking them up on the cheap. 17 thousand buys V 21 thousand sells. Looks a good entry point for those not already in. regards oliver.
oliverletwintit
08/10/2004
21:59
Here's some more bullish comment on the price of coking coal: 07.10.04: shares in BHP Billiton and Rio Tinto were higher in afternoon trade as Dresdner Kleinwort Wasserstein said the two blue chip miners remain its top picks in the UK listed mining sector, dealers said. In an upbeat note on the sector, the German broker said it believes the mining sector offers superior earnings growth compared to the market with EPS forecast risk still on the upside. It added it has raised EPS estimates again, principally for the bulk commodities and oil. It now forecasts a 22% increase in iron ore prices and a 60% rise for coking coal in 2005. The broker said it retained a preference for bulk commodities, particularly iron ore and coking coal exposure as these commodities boast the most attractive medium-term fundamentals, and therefore have a stronger case for a higher multiple of peak cycle earnings in 2005. (from InvestorEase.)
diogenesj
08/10/2004
16:07
Canny it is, A. :-)
diogenesj
08/10/2004
15:58
Bought in this morning - so tis my duty to ramp? a little? More:...... Soaring prices and black empowerment help Bisichi succeed Two key factors lie behind the startling recent success of Bisichi. First is the dramatically rising coal price which has doubled, from $30 to $60 a tonne just since last April. This in turn reflects soaring demand in China, which has gone from being an exporter of coal to a net importer sucking in coal from Asia and Africa. The second factor is black empowerment. Bisichi went the whole hog on black empowerment by selling a 37.5 per cent stake in its Black Wattle Colliery to a black-controlled company, which has then been instrumental in opening many doors to the company. In particular black empowerment status has enabled Bisichi to become an exporter of coal through Richards Bay Coal Terminal. The company says that the long-term export contract it has been able to negotiate locks in a significant profit margin. It is complicated to calculate exactly what effect a rising coal price has on Bisichi because of the mix of production between exports, coal sold into the local market and low phosphorous coal sold at a premium to furnaces producing stainless steel. At the half-year stage for the first six months of calendar 2004 the group said that average selling prices for coal were 21 per cent higher than in the second half of 2003. Since then the coal price has risen further. Investors were initially disappointed when the interims showed profits falling from £746,000 to £726,000 with operating profits down from £1.00m to £883,000. However the company says this was a very good performance because it came despite needing to move all three mining sections at the Black Wattle Colliery during the period to exploit new reserves. Gan canny oot there.......!
angel of the north
08/10/2004
15:49
Thanks, A. Good to see some firm information posted here.
diogenesj
08/10/2004
15:42
From www.everyinvestor.co.uk Plans to double production There are also plenty of developments pointing to resumed profit growth in the future. Apart from the rising coal price and the export contract the company is also working on plans to increase production. It has negotiated a SA Rand 25m financing to support a broad investment programme including the purchase of a machine for continuous mining. The plan is that this will enable the company to lift production from 70,000 tonnes presently towards 120,000 and even 150,000 tonnes annually. The group has also put in facilities to wash all the coal, which reduces quantities but enables sales to be made at higher prices. There are no forecasts for sales and profits but the company says it is confident that results for the full year will be good. Equally it is easy to see that the combination of rising prices with sharply higher production bodes well for profits in future years. A further interesting question is how the company might exploit its strong cash flow, healthy balance sheet and black empowerment status in the future. One major opportunity comes from legislation designed to force long established white-controlled mining giants to sell to the South African government mineral reserves and prospects that they are not actively exploiting. These assets will then be sold on to suitable black empowered smaller mining concerns, like Bisichi, eager to develop those assets. The company has coal reserves of around 15m tonnes so would love to acquire more reserves. Much depends on the coal price remaining buoyant. But, if it does, Bisichi will have the resources and the opportunity to develop into a significant mining company.
angel of the north
08/10/2004
12:34
Lol - good ramp, Oliver. :-)
diogenesj
08/10/2004
12:24
Oliver You mean you just tipped it on the faraq thread? Sam
sammu
08/10/2004
11:41
Very illiquid, bob: take care.
diogenesj
08/10/2004
11:38
Storming ahead, up 17p and well through the 200p barrier. Tipped on the faraj thread. regards oliver.
oliverletwintit
08/10/2004
11:14
why the sudden burst up,is a note out? a bid coming? whats happenin dudes,i know its cheap but...
bigbobjoylove
08/10/2004
11:02
LOL, yup but its a nice feeling. UP just over 200% from this time last year. regards oliver.
oliverletwintit
08/10/2004
10:41
Yes, turned out to be a mistake buying on the first day. Only bought a few; I'll watch now to see where it settles, and may top up then. BISI up another penny. Now let me see, if it goes up a penny a day, in a year's time it will be... Ah well, back to the grindstone.
diogenesj
07/10/2004
09:41
You never know, Oliver. Bought a few just in case (Western Canadian Coal, WTN). Also have a small stack of Cambrian Mining (which owns a large chunk of Western Canadian and of Asia Energy).
diogenesj
06/10/2004
23:34
Nice one DIOG, by the way, theres a new one going in the morning, could even see rises as big as asia energy, and it starts producing Noveember this year and the Chinese are already in town. regards Oliver.
oliverletwintit
06/10/2004
15:19
Thanks, Oliver. Certainly looks bullish. As for BISI, well, you just can't hold a good mine down at the moment!
diogenesj
06/10/2004
15:02
Diog, heres one source where I have read that Coking coal is going up to $80 dollars a tonne 2005..................... Brokers Crumbs Date: September 28, 2004 Australian Brokers Swarm Round Excel Coal As It Brings Its Story To London. As reported by our Man in Oz over the weekend the share price of Excel Coal hit new highs in Australia last week. This is not a company that has attracted a lot of attention in London though this is being put right as Tony Haggarty, the managing director, made a visit recently and Rick Chadwick the non- executive deputy chairman with 40 years experience of the international coal business, is based up here. Excel has certainly made some waves at home, however, and Keith Williams at brokers Wilson HTM out of Melbourne has just upgraded earnings forecasts for 2005/6, while Gavin Wendt of Intersuisse has started to follow the company and recommends the shares as a Buy for Growth. Goldman Sachs JB Were, which was joint sponsor of the listing with Wilson also follows the company, as does Macquarie Equities, so Excel moves in quite smart circles. Excel Coal only listed on the ASX in May this year at a price of A$2.00/share and it has just hit A$3.80. No more comments that coal is not as lively an investments as copper or nickel. The Intersuisse note came out earlier in the month and is already well into the money as the stock was recommended at A$3.32 at which the company was capitalised at A$629 million. Wilson HTM, in a follow-up comment, is revising its forecasts on the basis of its expectation of coking coal rising to a price of US$80/tonne in 2005 and the better than expected 2004 results from the company. The brokers also note that Excel is now a constituent of the S & P ASX 300 Index and this may bring in some new institutional shareholders. The result is a target price of A$3.95 over the next 12 months and it is practically there already. This paragon of a company is no Johnny-come-lately. It has operated as a private company for the past ten years from three mines in New South Wales and much of the coal is exported from Newcastle and Port Kembla. No prizes for guessing the destination as China is the world's biggest maker of steel in the world and is steadily cutting its exports in favour of imports, but risk of any downturn is limited by a spread of customers in Japan, India and Europe. Demand for thermal coal is also rising as Chinese power producers boost output to meet demand. So far this year four of China's largest cities and 24 of its 27 provinces have had blackouts and industry sources expect consumption of thermal coal to rise to 890 million tonnes from 790 million tonnes this year. The four producing mines are Wambo, Metropolitan and Chain Valley. In addition Excel has a 50 per cent interest in Illawarra Coke which operates two coke manufacturing plants south of Sydney. Together they produce 240,000 tonnes of metallurgical and foundry coke for domestic use as well as exports. Northwest of Sydney is the undeveloped Wilpinjong coal project with recoverable reserves of 257 million tonnes of thermal coal. Most of the output from this open pit operation will be subject to an offtake agreement with Macquarie Generation for two of its power stations. Lastly , there is the Cosila coal project in Venezuela where Excel now has a has a 49 per cent interest with the big US coal producer AMCI holding the balance. The new partners are determined to get into production as soon as possible, according to Tony Haggarty, and 2005 is now the target. According to Intersuisse the Wambo mine is the largest owned by Excel with in -situ coal resources amounting to 690 million tonnes within six seams. At the moment four of these seams are being mined by open cut methods at a rate of 3 million tonnes/year. This rate will be expanded steadily up to 8 million tonnes/year and the coal goes mainly to Japanese power utilities. The Metropolitan mine covers a similar area of over 5,000 hectares but the resources in the Bulli seam are only 154 million tonnes. About 1.4 million tonnes of hard coking and semi-hard coking coal are produced underground for export under contract, but a certain amount goes to Illiwarra Coke. Both these mines have 20 year lives ahead of them and the landowner dispute that clouded the prospects for Wambo has now been removed. Last there is the Chain Valley coal mine north of Sydney where Excel has a 72 per cent interest and the rest is held by Nissho Iwai Corporation of Japan. Coal production from the 28 million tonne resource is being mined underground at a rate of 400,000 tonnes/year, but this is being increased to 700,000 tonnes by the end of next year. The low-sulphur thermal coal attracts domestic as well as export customers. Both brokers are agreed that the management is good and that the exposure to coal is low risk as it covers all these separate projects. Excel is already generating strong production and earnings and it has plenty of potential for organic growth without having to pay top dollar for acquisitions. As a result Wilson expects earnings to grow from A17.4 cents to A39.8 cents/share this year which bodes well for the dividend as the company is also flush with cash. Intersuisse is a bit more cautious on 2005 earnings, but the message is the same. regards oliver.
oliverletwintit
06/10/2004
14:37
Diog, I will try and dig the piece out on, coking coal prices. Think it was linked to excel mining trying to get a dual listing here. Meanwhile BISI is flying again today. regards oliver.
oliverletwintit
05/10/2004
12:10
Great news if true: have a feeling the current price is about $59.
diogenesj
05/10/2004
11:49
LOL Diog, dont think so, asia energy is down but I ddd think that there was far too much froth on top to say it 4 years away from production. Back to bisi, just been reading that Mining houses and Brokers expect coking coal to hit $80 US dollars 2005, which is fantastic news for this one. Isnt the present rate in the 50s? regards oliver.
oliverletwintit
05/10/2004
09:45
Just another hole in the ground with a liar standing beside it, I expect, Oliver. :-)
diogenesj
04/10/2004
23:56
Should be an up day tuesday for this one. Came back in to evens from a small loss monday with more buys than sells. Still undervalued I feel. regards oliver. ps, Diog, nice to see you have done well with asia energy, I have profited through Cambria mining, but not half as much as you , well done.
oliverletwintit
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