Energybuild Share Discussion Threads

[bossman1978] 24/3/2009 15:29

Prl is looking interesting at the moment also. possible take over by peabody.

[lasata] 24/3/2009 11:56

I imagine that CBM would be happy to sell their majority shareholding in EBG.

Some takeover activity in small coal miners recently such as Caledon

[lasata] 24/3/2009 11:34

Bloomberg World Coal Index looking very firm with potential for further rises

[bossman1978] 24/3/2009 10:51

I know lasata, we just never know what is going to happen in this market. I do think it is a good company.

Nice rise today also.

[lasata] 24/3/2009 09:08

Boss: I believe this is the best coal share on AIM. Targets always tricky - possibly double in 2009

[bossman1978] 23/3/2009 16:39

Nice to see some sense coming back to the market.
Lasata, any predictions for the share price in 12 months time?

[lasata] 23/3/2009 16:11

Marching on....

[lasata] 23/3/2009 11:57

World Coal Index improving - indeed all "coalies" steady

[lefrene] 10/3/2009 09:04

Me neither pbracken, CBM appears to be a gift, the share price well below any kind of rational valuation and it's just fear and panic, unless of course coal doesn't burn any more.

[pbracken] 06/3/2009 14:39

My instinct still tells me that CBM is the best route into EBG. I can't fathom why CBM's stake in EBG is worth £12m, yet CBM itself is only valued at £17m - given that its US operation dwarfs the Wales production AND its stake in WTN is worth around £18m. I'm taking no account, either, of the gold mining project in Australia.

[lasata] 05/3/2009 10:42

'We rate the company highly, both in terms of the management and assets, and feel that it is one of the strongest coal companies on AIM today,' Ambrian says in a note, following the results.

[lasata] 05/3/2009 09:18

SP looking well bid at present - wonder if anyone has idea about WTN/CBM intentions in future?

[lasata] 04/3/2009 17:32

Shares in Energybuild gain more than 7.4 percent after the AIM-listed Welsh anthracite producer unveils a first-half profit of 1.08 million pounds, against a loss of 644,000 pounds in 2007. 'We rate the company highly, both in terms of the management and assets, and feel that it is one of the strongest coal companies on AIM today,' Ambrian says in a note, following the results. The broker highlights that financially, the company is in a strong position, with 3.5 million pounds in cash, and no debt. 'We do not expect it to need to raise any additional funds,' says the broker.

[lasata] 04/3/2009 17:30

Coal producer Energybuild reports strong growth
Mar 3 2009 By Aled Blake, WalesOnline

ANTHRACITE producer Energybuild has reported record profits in the last six months of 2008.

The Aberpergwm mining operation reported pre tax profit of more than £1.6m, compared to a loss of £113,000 over the same period the year before.

Alternative Investment Market-listed Energybuild, which operates the Aberpergwm Colliery and Nant y Mynydd opencast site in the Neath Valley, primarily sells its coal to Aberthaw Power Station.

It also reported a strong cash position of £3.5m, with no bank borrowings.

Production of clean coal from the mine was 65,000 tonnes for the six months, double the production of the full year to June 30, 2008

The Tower Colliery coal preparation plant was re-commissioned in order to process the increased volume of coal and a two-year agreement signed to utilise Tower's railhead

Its new drift portal, established following receipt of planning consent and production of clean coal in the six months was 53,000 tonnes, more than double the comparative period £63,000 profit generated from 50% joint venture coal-tip recovery operation.

The firm's tip washing plant is expected to be commissioned at the beginning of March 2009 and five-year sales contract for supply of sized coal signed with Evans & Reid, a large UK coal distributor.

Energybuild has started sandstone production at Nant y Mynydd expected to make a contribution in the next six months.

Rhidian Davies, Energybuild managing director, said: "These results highlight the group's continued progress, particularly at the Aberpergwm drift mine. Following extensive investment and development, which continues, we remain positive about the mine's future potential.

"The development and resultant increase in production levels are reflected in the group's revenues and profits during the period, achieved despite an overall fall in the price of coal worldwide."

[bossman1978] 04/3/2009 16:37

Nice rise today. Great results yesterday.

[lasata] 04/3/2009 16:17

Holders of this share could have some pleasant surprises in the coming months as its intrinsic value is recognised - not forgetting its £3.5 million in cash at the bank....

[lasata] 04/3/2009 15:35

Definitely one to watch now - wonder what CBM/WTN plan to do with their stake?

[lasata] 04/3/2009 14:45

Some shrewd buyers can see excellent value in this company and rightly so......

[jonwig] 03/3/2009 16:46

It looks as though they sold 128,000 t @ £75 average, with a cost of £61 /t.
That seems to have held up well, but revenue per ton will probably fall in H2.
On the other hand, they should be able to reduce costs.

Management give me lots of confidence - they've met targets pretty convincingly.

[lasata] 03/3/2009 08:20

Very impressive results - on further reading

[lasata] 03/3/2009 08:12

Outlook


I am pleased to report the Group has been able to remain profitable and maintain
its cash reserves whilst continuing to develop the Aberpergwm colliery and other
activities. Although international coal prices have fallen since their peak in
July 2008 and the economic climate is difficult, I remain confident in the
Group's ability to become a highly profitable mining operation and to generate
further value for its shareholders.


Colin Cooke
3 March 2009


Energybuild Group plc

[lefrene] 03/3/2009 08:09

pbracken, just go to show the state of the market, this business is being given away. Good solid long term contracts, good visibility of likely future earnings. Might as well be taken in house by CBM/WTN as let someone else steal it.

[pbracken] 03/3/2009 07:21

Solid results, no question. Decent cash cushion, rapid growth, secure sales, and profitable production. EBG will likely become worth more than CBM today, in terms of mkt cap! Go figure!

[jonwig] 14/1/2009 08:16

Golspie - I think the argument is that the news increases the global demand for, hence the price of, coal.
If EBG's contracts are linked to this, you see the point ...