New World Res A Share Discussion Threads

[dizzylizzy2] 25/3/2010 14:35

can't see the results at fxpo having an impact here being that focus is diff ie coal for nwr and iron ore for fxpo. similarity is that both commodities are rising although iron ore bubble could be about to burst. coal imo might have some more way to go both on the contract and spot price which should translate to plenty more upside for nwr. anyone with a target price here? not the analyst tho as most times they are way off the mark

[mustau] 24/3/2010 14:06

Hope so, shame NWR did not buy the stake at the time.

[its the oxman] 24/3/2010 10:23

anyone know if the good fxpo results has any read across for nwr? just my gut instinct but reckon this could push up big time at some point - major resistance way above us at 1400p.

[seible] 14/3/2010 09:47

I am glad we are now back to and above the pre-announcement levels. How stupid it was to make an announcement and then cancel it, surely we could have been at 800p levels now. But overall, this has been the best performing share in my portfolio and I like how it goes against the market trends sometimes...

[its the oxman] 09/3/2010 15:25

pressure building - suspect a good break through 700p will come shortly - hope so anyway - not huge on charts myself but if i had to guess a test of the c.950p resistance area is my best hope for this year at some point

[dizzylizzy2] 09/3/2010 15:19

oxman, your 700p came but dissipated really quickly. can never tell with this stock. wonder if anyone is brave enough to use charting analysis on this one? not a fan myself and if ever there is a reason not to rely purely on technical analysis then this is one.

[dizzylizzy2] 09/3/2010 12:10

Arja, that's what I've noticed too so should do even better in upturn hopefully by Thurs. The new short term contract agreement for coal is staggering and has more or less set a floor price for the mkt for the year. Seems one money is safe here for now whereas before this it was fair value.

[arja] 09/3/2010 12:00

doing well today so far n a bad overall market !

[its the oxman] 08/3/2010 14:26

yep 700p surely on the cards now and more to come - still got ground to make up on the other miners it seems

[arja] 05/3/2010 10:05

interesting article. chart suggets a move to about 700 level in coming weeks if the dow does not tank of course .

[robseaton] 01/3/2010 20:02

I'm lurking. Am considering getting in. Can someone please tell me in the simplest terms what would need to happen for the share price to get back to £17-18 again? I remember NWR being given a circa £28 price target at the time!

Is the company strucure still the same as it was two years ago or did NWR scale down such that the £17-18 share price would now be a pipe dream? Or is it just a case of the economy and hence demand within Europe coming back to NWR?

[mustau] 01/3/2010 15:07

Glad to see!!!

Keep tabs on GCM.

[seible] 01/3/2010 14:43

Hey, I am still waiting for my £10/share!

[jatin724] 01/3/2010 14:27

No Mustau - three of us ( I have these in my wife's and daughter's ISAs ) does that mean 5 oh us ?

[mustau] 01/3/2010 14:02

Just 2 left I guess!!!

There was a sell on this by the telegraph last week, can't understand the sell rec especially when co stated things were improving.

[crosseyed] 01/3/2010 13:25

mustau,
I'm still listening :)

[mustau] 01/3/2010 12:41

I guess most have sold and moved elsewhere. This is turning into a dog, I think I should stop talking to myself.

[mustau] 24/2/2010 07:09

Decent results but I guess the market will read thm differently.

[mustau] 16/2/2010 18:12

Just can't understand this stock, surely it should be over 700. Even today it struggled to put a 15p rise.

Shame I sold out of FXPO.

[arja] 09/2/2010 12:58

fundi,,
LOL! tempting again now at about 590 but I am trying to stick to OAAT and focus and this stock can be volatile and thinly traded at times and needs watching every second ! good luck .

[gilgamos] 09/2/2010 05:04

By Monika Rozlal and Pawel Kozlowski

Feb. 8 (Bloomberg) -- The following companies' shares may be active in central European markets. Stock symbols are in parentheses after company names. Share prices are from the last close.

Poland's WIG20 Index fell 4 percent, the Czech PX Index declined 3.6 percent and Hungary's BUX Index fell 2.8 percent.



Cyfrowy Polsat SA (CPS PW): Poland's largest satellite television broadcaster may pay more than 66 percent of its 2009 profit as dividend, PAP reported, citing Chief Executive Officer Dominik Libicki. Cyfrowy declined 1.5 percent to 14.09 zloty.



Grupa Lotos SA (LTS PW): Tamoil SA, Libya's overseas oil refiner, and Kulczyk Investments, controlled by Polish businessman Jan Kulczyk, may bid jointly for a stake in Poland's No. 2 refiner as the government may sell as much as 30 percent of Lotos, Rzeczpospolita reported. Polish gas monopoly Polskie Gornictwo Naftowe i Gazownictwo SA (PGN PW) and PKN Orlen SA, the country's top refiner (PKN PW), may also bid for Lotos if requested by the government, the newspaper said. Lotos lost 2.8 percent to 25.96 zloty, Gornictwo slid 4.6 percent to 3.55 zloty and Orlen declined 4 percent to 31.5 zloty.



Lubelski Wegiel Bogdanka SA (LWB PW): Poland's only publicly traded coal producer may sell new shares to fund expansion, Parkiet said, citing Chief Executive Officer Miroslaw Taras. Bogdanka fell 1.5 percent to 75 zloty.



New World Resources NV (NWR CP): The Czech coal company had its 12-month price estimate raised to 175 koruna from 142 koruna at Prague-based brokerage Atlantik FT, which cited an improved outlook for commodity prices. Atlantik left its recommendation for NWR at "hold." NWR shares dropped 2 percent to 173 koruna.




--Editor: Mike Harrison, Stephen Kirkland



To contact the reporters on this story: Monika Rozlal in Warsaw at [phone] or [e-mail]; Pawel Kozlowski in Warsaw [phone] or [e-mail]

[gilgamos] 09/2/2010 05:00

Teck Expects Higher 2010-11 Coal Prices, Shorter Price Cycle




DOW JONES NEWSWIRES

Canada's Teck Resources Ltd. (TCK) said Tuesday that it expects higher annual coking coal contract prices in 2010-11, but also foreshadowed a move away from an annual pricing structure to reflect new major importer China's tendency to buy coal on the spot market.

Teck said the next round of talks to set annual prices from April 1, the start of the Japanese financial year, were at a preliminary stage, but current market sentiment indicated prices would rise compared with 2009-10. Analysts are tipping contract price rises of 35%-40%.

Last year, China emerged as a major coking coal importer after a number of domestic mines were shut due to a safety clampdown and lower coal prices, turning the country into a surprise net importer at a time of flagging demand elsewhere.

China accounted for about 20% of Teck's 2009 coking coal sales, which totaled 19.77 million metric tons, and the company expects strong exports to continue this year, a spokesman said.

"China stepped in as a big buyer last year, and it tends to buy on the spot market. That alone is going to push us to a shorter pricing cycle," said the spokesman, who declined to comment on shorter-cycle sales to other customers.

"We...expect that a portion of our sales volume in 2010 will be priced on a shorter pricing cycle as opposed to the traditional coal year. A shorter pricing cycle would create more frequent adjustments to coal prices during the year," Teck said in its fourth quarter results statement.

Last year, sales to new markets such as China were priced based on prevailing market conditions in contrast with typical annual contracts, Teck said.

Global miner BHP Billiton Ltd. (BHP) is pushing to drive the pricing of coking coal away from annual negotiations toward spot prices, mirroring its successful efforts for iron ore talks.

"Spot prices are likely to continue to rise, so it's not surprising that most miners prefer to sell on spot," said National Australia Bank commodity economist Ben Westmore.

-By Elisabeth Behrmann, Dow Jones Newswires; 61-2-8272-4689 [e-mail]

[fund1] 05/2/2010 11:25

Snap arja!

[arja] 05/2/2010 11:25

i even came unstuck on a quick trade today thinking it was oversold ! can not fight the market I guess !