Bisichi Share Discussion Threads

[bisiboy] 23/2/2010 18:26

very quiet on here nice upgrade from numis with a 340p target price

[topvest] 04/5/2009 17:32

If he missed on the bonus the dividend could have been tripled. Yes, this could do very well, but I'd rather have a tripled dividend than the director in question taking a £1m for himself. Is this a Heller party or run for shareholders!

[parvez] 04/5/2009 09:26

Hopefully he will get this one to FTSE entry :).
Great recovery story all the same

[topvest] 02/5/2009 08:28

Back to Andrew Heller - £961k of emoluments including a racey £600k bonus. That's outrageous when the dividend costs £366k. Not exactly a company run on behalf of shareholders. They have done well with the Company, but this is getting a bit silly. He's getting paid a FTSE 100 salary!

[topvest] 30/4/2009 20:49

Very good results and strong outlook. Well priced at NAV. Chief Executive gets paid far too much, otherwise good results.

[parvez] 30/4/2009 18:12

sky, agree with you. Amazing that this has not had much coverage so good for anyone who wants to slip a few buy orders through!

[skyracer] 30/4/2009 14:35

Encouraging results. You do have to focus on cash figures, one day the property value will come back up again, and meantime BISI is self-financing.

[parvez] 30/4/2009 07:58

fantastic rns slippedthrough quietly..

[fundementals] 30/4/2009 07:50

Annual Financial Report now out

Headlines:
Results for the year ended 31 December 2008

RECORD PERFORMANCE AT SOUTH AFRICAN COAL MINING OPERATIONS

* Record profit before tax in excess of GBP6 million (realised) (2007: GBP2.3
million) reflects impact of open cast mining at Black Wattle Colliery

* GBP5.1 million of profit before tax (realised) made in second half of 2008

* Monthly production at Black Wattle rises to 130,000 metric tonnes per month

* Mine CAPEX, due for completion in Q2 2009, will increase plant capacity to
170,000 metric tonnes per month

* Investment property portfolio revalued in line with the market but
recession has not had any effect on rental income or lettings

* Dividend increased by 16.7% to 3.5p per share

Buried in the report.

Earnings per share - diluted 2.83p

Write downs on the property almost match profits from mining.

Also, I see that they expect to stop the continuous miner this year.

[sammu] 27/4/2009 21:27

Results must have hit the printers?!

[topvest] 27/4/2009 21:21

Nice bounce today..more of the same please!

[sammu] 27/4/2009 13:41

No news, except results are due any day and they should be very good- on the mining front. Property values will have taken a big hit possibly cancelling out most of the mining profits, but the property hit is a non cash item.

[parvez] 27/4/2009 09:21

anyone any news on BISI??

[henryatkin] 04/12/2008 16:41

Just looking in here. Can someone give me the lowdown on this Pegasus that you are talking about - can't find refernce to it on the company website. Who are their main customers? Thanx in advance.

[skyracer] 25/11/2008 15:26

Given the world recession and (imo temporary) weakness in oil and coal prices, BISI are in a strong postition at the moment to negotiate a good deal over new coal reserves like Pegasus. However, I have a relative in Johannesburg and deals seemed to be conducted at snails pace over endless BBQ's.

[bisiboy] 12/11/2008 18:10

this is a great little company if you can get any
well run family have a big stake and throwing off bags of cash
numis predict 160p of earnings in 2010
it is my largest holding by a long way have held it for years

[hectorp] 08/11/2008 19:59

IS this dear or cheap ? I like Coals Of Africa ( forward p/e 1 for 2010 ).

[hectorp] 08/11/2008 19:59

IS this dear or cheap ? I like Coals Of Africa ( forward p/e 1 for 2010 ).

[bisiboy] 08/11/2008 17:09

still holding am desperatly waiting for peguses

[skyracer] 07/11/2008 10:50

While RB coal prices have come back from the extremes of the summmer they are still very high indeed. Steady today at $105. BISI will still be shovelling in the cash at this level. When I first invested in BISI in 2003 the RB coal price was around $26 and the company was profitable even then.

[sammu] 08/10/2008 20:58

You may have found them already, but I use these:
RB and Rotterdam the two contracts at the bottom of the list, the daily charts are useful:



US:


Obviously the various different prices don't relate directly to the product bisi is selling. Various different grades, met/thermal, domestic/export etc.

Still a useful guide.

[skyracer] 18/9/2008 14:24

Hi Sammu. I use globalcoal which last Friday was showing $152. Where do you get information more recent than that? (Ahhhhh, crystalball, now $146)

[sammu] 17/9/2008 00:16

Thanks for the info bb, I don't suppose you have the note available?
Coal has started to come off the extreme highs now, RB Coal showing $130.

[bisiboy] 16/9/2008 13:47

numis have £5.00 target price on this with upside if pegasus resolved

[skyracer] 04/9/2008 20:10

Stew, its the market, nothing to do with BISI. There are loads of other stocks behaving in an equally bizarre way. RBS thermal coal still very strong at $161.