Share Name Share Symbol Market Type Share ISIN Share Description
Bisichi Mining LSE:BISI London Ordinary Share GB0001012045 ORD 10P
  Price Change % Change Share Price Shares Traded Last Trade
  +0.00p +0.00% 95.00p 0 05:30:04
Bid Price Offer Price High Price Low Price Open Price
90.00p 100.00p 95.00p 95.00p 95.00p
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 37.46 1.49 7.02 13.5 10.0

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Date Time Title Posts
10/6/201818:07Bisichi Mining - Two Diverse Sources of Cashflow191
30/1/200813:38Mining minnow492
18/7/200213:27BISICHI - buyout ?8

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Bisichi (BISI) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2018-08-15 13:57:2095.003,0002,850.00O
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Bisichi Daily Update: Bisichi Mining is listed in the Mining sector of the London Stock Exchange with ticker BISI. The last closing price for Bisichi was 95p.
Bisichi Mining has a 4 week average price of 83.50p and a 12 week average price of 83.50p.
The 1 year high share price is 105.50p while the 1 year low share price is currently 68.25p.
There are currently 10,500,000 shares in issue and the average daily traded volume is 1,603 shares. The market capitalisation of Bisichi Mining is £9,975,000.
ntv: makes you wonder where the share price would be if Heller didn't cream off so much
bozzy_s: 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?
envirovision: IMS confirms this. Infact fantastic news, cant understand why the share price has not reacted. Profits due 2nd half, even the supply of trains has improved to an extent the stockpiles will be gone and the mine should reach maximum monthly production early 2nd half: The performance at Black Wattle Colliery ("Black Wattle"), our direct mining operation in South Africa, continues to improve in 2011 following the challenging environment experienced in 2010. This improved performance arises principally because: * Monthly production from our new reserves is steadily increasing * Coal prices have gone up significantly in all our markets - so far we have seen an average increase in the export price in 2011 of 28% and an average increase in the domestic price of 12% free on mine * The new reserves that we are mining in 2011 have a lower average stripping ratio than the reserves we mined in 2010 * The washing plant yield is higher than the yield on the reserves that we mined throughout 2010 * Much of the new reserves being mined comprise low phosphorous coal which is being sold into the domestic metallurgical industry at a premium * We have undertaken a substantial and successful cost cutting programme.
bisiboy: good long term hold imho have quite a few of these held for years. results this year however will not be great(as flagged by the company) but long term prospects are very exciting. news of pegusus would provide a short term lift to the share price but we have ben waiting a long time for this, now new black empowment partner on board we may see some action here.
sammu: This is very illiquid and trading volumes are very low so the price can be erratic, but what is going on in coal at the moment has not been reflected in the share price hardly at all. Hopefully results will help a bit.
bisiboy: pegasus is key to a substantial increase in the share price from here.
skyracer: Well we have our year-end figure. $96 and steady! Negotiations for 2008 contracts should be completed at record prices. Second half coal earnings should be quite exceptional. It is true that the property portfolio will have taken a knock this year, but that is an unrealised non-cash adjustment to NAV which will be recouped in future years. The coal earnings are real cash, and right now cash is very definitely king. If coal remains strong ($70+) 2008 should see the BISI share price hit new highs, if Bisichi is not taken out before then. Happy New Year
diogenesj: Excellent results imo and fwiw. Looks to me as though they are well on target to meet Evolution's forecast for the full year. The coal price has been falling, but most export prices are fixed until 2007. From 2007 on, substantial additional output from the Pegasus mine will start to kick in. Good value at this price as far as I can see, but wtfdik? Recent share price movements have been pretty scary, but seem to be due more to illiquidity than to any deterioration in the fundamentals. What we need now is some sort of broker's note and new forecasts from Numis, but I don't know how to get hold of such a thing, if it exists.
skyracer: The MM's love dropping the BISI share price to scare out sellers. Works every time.
skyracer: So why is BISI going up like a rocket? Seems to me some inside briefing may be taking place and that BISI's circumstances are even better than we imagine. So I will share what I think; There has been a order-of-magnitude change in BISI's circumstance for the better. Very strong coal prices that seem set to stay, driven by an impending global energy shortage ie high oil prices seem set to stay as well. At the same time the shrewd management of BISI has won a large fob export allocation AND invested in production expansion with precision timing. Quite extraordinary. How might this increase BISI revenue? Year Alc Rev£m 2004 272 07.6 2005 408 11.3 2006 544 15.1 Assuming; contracted price = $50 , Exchange rate £/$ = 1.8 Note: In 2004 Black Wattle's share (272k tonnes) of the total export allocation (2000k tonnes) given to black empowerment companies through the Richards Bay Coal Terminal is 13.6%. I have used this % to get BISI's share in 2005 and 2006. The profit margin on this extra revenue should be very good as the production output already exists. However things could get even better; It is quite possible that BISI negotiated a fixed price greater than $50, the price of coal was well over $60 for several months. The % allocations for 2005 onwards may be even greater. BISI should be upping production around now. To round off the golden scenario all we need is a decline in sterling which would boost £ revenue further. In summary, the prospective figures are absolutely stonking. Even without increasing the % profit margin, or allowing for any other progress, I estimate 2006 eps at around 30p. Given a modest PE of 15-20 for such a growth company and you get a share price of 450-600p. PS Can someone tell me how to add spaces in a post ?
Bisichi share price data is direct from the London Stock Exchange
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