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 Shares Traded Last Trade
  0.00 0.0% 65.00 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
60.00 70.00 65.00 65.00 65.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 48.11 3.03 9.80 6.6 7
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 65.00 GBX

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Bisichi Daily Update: Bisichi Plc is listed in the Mining sector of the London Stock Exchange with ticker BISI. The last closing price for Bisichi was 65p.
Bisichi Plc has a 4 week average price of 65p and a 12 week average price of 56p.
The 1 year high share price is 122.50p while the 1 year low share price is currently 56p.
There are currently 10,500,000 shares in issue and the average daily traded volume is 3,000 shares. The market capitalisation of Bisichi Plc is £6,825,000.
bozzy_s: Those results are fantastic. Far better than I expected. Net tangible assets up to £22m, nearly double current share price, of which roughly £10m is cash. Hoped for more than 1p interim divi. As long as final divi is increased from 5p I'm happy.
ntv: hhmm interesting price movement recently, but you have to ask the question : Where would the share price be if the city had more respect for the company and it's directors?
ntv: 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
bozzy_s: 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!
callumross: Wow - these are very strong results indeed, exceeding even my expectations - a price earnings ration of under 3 for this year even with the share price increase!
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.
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
Bisichi share price data is direct from the London Stock Exchange
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