Share Name Share Symbol Market Type Share ISIN Share Description
New World Res A LSE:NWR London Ordinary Share GB00B42CTW68 A ORD EUR0.0004
  Price Change % Change Share Price Shares Traded Last Trade
  +0.00p +0.00% 0.15p 0 00:00:00
Bid Price Offer Price High Price Low Price Open Price
0.00p 0.00p - - -
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 463.49 -164.64 -2.50 6.1

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Date Time Title Posts
09/9/201709:04New World Resources -- east-European coal1,699
12/9/201406:433 shares I hope you didn't own yesterday...-
10/9/201407:58New World Resources12
08/8/201411:51Best Kept Secret?! Time to Buy in NWR?-
09/4/201109:14NWR - Central Europeґs leading hard coal producer7

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goggin: Its amazing how when the share price wakes up and heads north, dipsticks appear predicting doom and gloom as if anyone who has followed the stock down is not all too well aware of the dire share performance. The rise is small but my prediction is - fill your boots as long as your are prepared for the massive risk, however with new management on board and some new serious shareholders, who know where this could go, I see very little downside risk at this price and plenty of potential for a massive spike, even as high as 7p which is about where we where before the massive dilution and rights issue.
rossannan: Calmed down a bit so I took the chance to cash out, though I plan to open another short if the ex-rights share price heads back up towards 5p (no reason it should but you never know).Good luck to all.
rossannan: Current ex-rights share price points towards an unrealistic market cap once all of the new shares are fully paid and therefore doesn't look sustainable. Or have I missed something?
zastas: Bonds ( senior) seem low, or share price too high.
bobsidian: The going concern note makes for startling reading: "There can be no guarantee that it will be possible to either agree a further suspension of covenant testing or to agree other facilities. In that event the ECA loan would have to be repaid and the RCF would not be available to the Company. Even taking account of the repayment of the ECA, Directors anticipate that these initiatives will result in the Group having sufficient liquidity for the foreseeable future, although a significant further deterioration in coal prices, the inability to action the initiatives or any significant operational issues affecting revenue generation could result in a shortfall of funds which would require the Directors to take further cash preserving actions or to seek additional sources of funding." A lot of ifs and buts with most being largely outwith their control. No point in producing unless contractually obliged to do so if production and subsequent sale augments losses and consumes precious available cash resource. The question now is which costs are fixed and which are variable. Little wonder the fall in the share price. Not the only coal mining company being driven to the edge of extinction. The management now forced to take drastic action to try and position the company for survival. If NWR succumb then what hope for any other coal mining company. The next few months could be another critical period for the mining industry as a whole as it moves to align supply with demand across an array of commodities.
imranmalikuk: Here's a general question. Do you think the recent protests across the middle east can affect NWR share price?
mirshahik: From FT Alphaville: here's the take of Liberum: New World Resources has announced an exceptionally strong coking coal settlement recording an annual price settlement of €163/t, a siginificant premium to the Q1 settlement at €101/t and even above the 2008 settlement of €135/t. Applying a 20% discount for NWR's mix (60% semi-soft, 40% hard) we estimate the settlement equates to a hard coking coal number of c.$280/t, around 40% ahead of BHP's Q2 settlement with the Japanese! In addition there is a floating element to the settlement with 20% of volumes to be renegotiated on a quarterly basis, providing more exposure to spot pricing (in conjunction with coke volumes that are already sold on spot). The stock is currently up +8.8% on the news and we would take profits into this strength. Putting this settlement in, we estimate the company is now on 11.2x 2010 and 9.4x 2011 (running today's settlement price through our model) the stock now trades in line with the sector and we would see this as an opportunity to take profits into share price strength. Put another way, the 3 year FCF pre-expansion capex on spot is 50% of market cap or 25% post capex – we prefer the larger diversified plays.
06:43 "The coking coal and coke price increases of 87% and 71% over 2009 prices we have announced today are very pleasing...." How do these coal prices sound? And will they have any impact on current share price? TIDMNWR RNS Number : 1461K New World Resources N.V 14 April 2010 Amsterdam, 14 April 2010 Update on 2010 Prices New World Resources N.V. ("NWR" or the "Company"), Central Europe's leading hard coal and coke producer, today announced that it has reached agreements with its customers for coking coal sales for the next 12 months as well as coke sales for the next 3 months. In line with the Company's strategy of more closely aligning its pricing cycle with international global coal markets, coking coal contracts for 2010 now largely follow the Japanese Fiscal Year ("JFY") with some coking coal subject to quarterly pricing. NWR has entered into agreements to sell 5.5Mt of its coking coal to external customers between April 2010 and March 2011. Prices for approximately 80% of these sales are agreed for the JFY 2010 period. The average price of the JFY 2010 settlements is approximately EUR 163 per tonne, representing a 58% increase over the Q1 2010 prices of EUR 103 per tonne and 87% higher than average 2009 prices. The price for the remaining 20% of the sales volumes will be renegotiated on a quarterly basis. The average price for the Q2 2010 settlements is approximately EUR 135 per tonne, which are mostly for semi-soft coking coal. The actual average realised price and volume for Q2 2010 will be a blend of JFY 2010 and Q2 2010 settlements. The Company has also agreed terms for the sale of 338kt of coke during the second calendar quarter of 2010 for an average price of EUR 255 per tonne, which is 31% higher than the EUR 195 average price for Q1 2010 and 71% higher than 2009 average prices. NWR expects to continue pricing coke on a quarterly basis for the rest of the calendar year 2010 in line with previous practice. Thermal coal price agreements have not significantly changed and the majority of the settlements continue to follow the calendar year. NWR expects to sell approximately 5.0Mt of its thermal coal to external customers in 2010. Thermal coal sales are priced at an average of EUR 65 per tonne for the calendar year 2010. "The coking coal and coke price increases of 87% and 71% over 2009 prices we have announced today are very pleasing and provide strong evidence of a sustainable improvement in demand for New World Resources' products," commented Mike Salamon, Executive Chairman of NWR's Board. "Our shift to pricing arrangements more closely aligned with the broader international trade in our products is also a significant positive, as it allows NWR to also benefit from the positive pricing trends attributable to the global supply and demand imbalance for coking coal, driven by demand in the emerging world. We are committed to working with our customers to continue this new arrangement in future," added Salamon. Other developments NWR, along with its coal mining subsidiary OKD, a.s. ("OKD"), has decided to increase coal production for 2010 to 11.5Mt from the 11.0Mt as previously announced, reflecting stronger customer demand. The Company's coke production target of 1Mt for 2010 remains unchanged. NWR announced earlier in the year that it expected total personnel expenses for the Company in 2010 to remain stable, on a constant currency basis, when compared to 2009. However, as market conditions have improved, the Company's production target has been raised and, conditional on NWR and its subsidiaries achieving their financial and operational performance targets, the Company will consider paying performance-related bonuses to its employees, which would consequently increase its total personnel costs for the year. NWR has updated its internal reserve base calculations and its total reserves as at 1 January 2010 were 407Mt. +-------------------------------+-------------------------------+ | Mine |Reserves as at 1 January 2010 | | | (kt) | +-------------------------------+-------------------------------+ | Karvina | 97,069 | +-------------------------------+-------------------------------+ | Darkov | 44,207 | +-------------------------------+-------------------------------+ | Paskov | 26,085 | +-------------------------------+-------------------------------+ | CSM | 50,137 | +-------------------------------+-------------------------------+ | Debiensko | 189,858 | +-------------------------------+-------------------------------+ | Total | 407,356 | +-------------------------------+-------------------------------+ NWR will publish its first quarter 2010 results on 19 May 2010, at which further details of the Company's performance will be announced. Mike Salamon, Executive Chairman of the Board and Marek Jelinek, Executive Director and Chief Financial Officer, will host a conference call today, Wednesday, 14 April 2010, at 10:00 CET (09:00 BST). A live webcast of the conference call will also be made available on NWR's website at Dial-in details: The Netherlands +31 (0) 20 708 5073 Czech Republic (Toll free) 800 900 226 Poland (Toll free) 00 800 121 2695 UK & rest of Europe +44 (0) 203 003 2666 USA +1 646 843 4608 - Ends - For further information please contact: New World Resources N.V. Investor Relations Corporate Communications Tel: +31 20 570 2270 Tel: +420 225 282 163 Email: Email: Website:
robseaton: 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?
p bear: > The company's fortunes are tied to the European economy. When Europe recovers > so will NWR. The FXP actions may also be dragging on the share price. I disagree: Aside from US Steel being a big customer (outside Europe), NWRs prices are set against a background of world spot+contract steel and coal prices both are which are semi-exchange traded. So if the world economy or say China starts sucking in steel and drives steel prices up, coke prices follow as it and the steel it is used to produce are commodities that get exported all over the world. It is not that NWR don't want to ship to China or India it is just there is no point when they enjoy such healthy low logistics costs selling locally in Europe. FWIW: the sky high coke and met coal prices this time last year were caused by floods and logistic problems in Australia. Thousands of miles away from Europe, but NWR cashed in big style. For NWRs thermal coal sales, the same can be said it that the prices track oil that same a natural gas does as they are alternative. Growth anywhere in the world pushes up oil prices, pushes up thermal coal prices and other electricity generating alternatives.
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