Shaft Sink Share Discussion Threads

[josephrobert] 26/11/2013 19:49

No problem. IMO if we don't know the legal outcome for some months then lets try to understand as much as we can of the most important parts of the business. The company is understandably valued at a ginormous discount to NAV; the IMS shows a profit warning and greater debt: can they turn it round?

Well for one the contract with JSC Kazchrome would help. You wouldn't bet against Shaft getting the contract - not with International Mineral Resources BV being the biggest shareholder in Shaft, the biggest shareholder being part of ENRC and ENRC having JSC Kazchrome as a subsidiary.

[hedgehog 100] 26/11/2013 18:41

Excellent news Joseph - thanks for finding it and posting it.

A good complement to the recent Kibali project update.

SHFT's international expansion is looking good.


"30 October 2013

Opportunities with the World's Largest Zinc Mine

Stealth Recruitment has partnered exclusively with Hindustan Zinc (HZL) to assist with a major operational ramp up of their Rampura Agucha mine.

Head of Operations (Operations Manager)
Mine Planning Manager
Mine Planning Superintendent
Senior U/G Mine Planning Engineers
U/G Mine Planning Engineers (multiple roles for varied levels ST-LT planning)
U/G Geotechnical Engineer & Senior U/G Geotechnical Engineer
Mine Captain / UG Mine Foreman (multiple roles)
Ventilation Engineer
Paste Fill Engineer ... "




"ABB to supply three complete mine hoist systems to Hindustan Zinc in India

2013-10-08 - The mine hoist order to ABB for world's largest zinc mine paves the way for increased productivity and improved safety in the Indian mining industry

Baden, Switzerland, October 8, 2013 – ABB, the leading power and automation technology group, has won an order for three complete mine hoist systems including related shaft equipment, to help Hindustan Zinc move its production at the Rampura Agucha mine from an open-pit to an underground operation. The new hoist systems will enable Hindustan Zinc to reach and exceed their production targets. ... "

[citymohawk] 26/11/2013 09:22

hmmm I'm not entirely sure its wise to use parts of the year for analysis against performance. However, do note that this is 5.5 cents.

What did you make of the fact that there is no GTL Investments LTD in UK?

CM

[josephrobert] 25/11/2013 19:47

With Zinc contributing 42% of the order book and international growing fast and profitably, sucess at the Rampura Agucha Mine must be up there in importance.

www.hzlindia.com/operations.aspx

From the look of the links below, Shaft appears to be giving Vedanta confidence that the delays have / are coming to an end:


www.stealthrecruitment.com.au/blog/2013/october/ramp-up-opportunities.aspx

www.bricpartner.com/en/Nd/i/more/ABB+to+supply+three+complete+mine+hoist+systems+to+Hindustan+Zinc+in+India/idn/2306

[hedgehog 100] 25/11/2013 18:21

British Bulls has this evening issued a new buy recommendation on SHFT:


"BUY

Last Pattern: BULLISH HARAMI

Last Close: 17.5000

Change: +0.2500

Percent change +1.45%

SHAFT SINKERS HOLDINGS

Signal Update

Our system's recommendation today is to BUY. The BULLISH HARAMI pattern finally received a confirmation because the prices crossed the confirmation level which was at 17.2500, and our valid average buying price stands now at 17.2883. The previous SELL recommendation was issued on 29/10/2013, 27 days ago, when the stock price was 21.4500. Since then SHFT.L has fallen by -19.40%.

Market Outlook

Let's jump on our white horses and go for a bullish ride. The bullish pattern that was previously identified is finally confirmed and a BUY signal is generated. Most probably, it is the right time to participate in bullish fervor. The market is telling you about a new profit. Do not miss this bullish opportunity. ... "




Remember what happened last time (i.e. the mid October buy recommendation at 18.77p) ...

[hedgehog 100] 25/11/2013 17:53

Lightlake Therapeutics is a biopharm company.

Geoffrey Wolf only became a director on 31st. December last year, and would need time to make his mark.

But LT's stock price has recently trebled, from 1.8c. on 27th. June this year, to 5.55 cents now, and in August it hit the mid sevens.




If that same six month 'period for impact' applies to GW's link to SHFT, then the next few weeks and months should be very interesting ...

[citymohawk] 25/11/2013 17:12

Lightlake Therapeutics Inc (LLTP) - down 30% since Geoffrey's appointment last year. + its on the OTC:BB and Management Effectiveness Return on Assets (ttm): -687.82%

However, if Geoffrey is out in Switzerland... He must be doing something right.

[citymohawk] 25/11/2013 16:54

GTL Investments Limited bought 2,027,000 SHFT in May 2013


Companies house in UK show GTL as dissolved.

Can't really find a GTL on the swiss feds so.... any thoughts where this GTL Investment Limited Company resides?

[incorrigible] 25/11/2013 16:52

wonder who he is

[hedgehog 100] 25/11/2013 16:26

22/11/2013 16:13 UKREG Shaft Sinkers Holdings Plc TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES

Geoffrey Wolf bought 1,900,000 SHFT in May 2013 (previous holding zero)

Contact telephone number: [phone]




22/11/2013 16:13 UKREG Shaft Sinkers Holdings Plc TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES

GTL Investments Limited bought 2,027,000 SHFT in May 2013 (previous holding zero)

Contact name: Geoffrey Wolf
Contact telephone number: [phone]

[hedgehog 100] 18/11/2013 18:31

Muckshifter,

From your posting, you've apparently owned just one share this year, which you sold ages ago. I call that pretty risk averse.

Because of that, you have nothing better to do with your time than to obsessionally troll this one company - how sad is that?

I can recall just one positive thing you're said about SHFT this year (which is the period that I've been posting on the company), which was on a minor aspect a long time ago.

You're said nothing positive about the recent good interims, when profits and earnings both rose by over eighty per cent, or about the recent excellent Kibali project update, to give just two examples.

We have here a company that has coped with some difficult situations very well: well done I say! It bodes very well for how well they will do in the good times.

I do NOT lie, and I challenge you to identify one. Previous supposed 'lies' you have claimed I've posted, when examined, have been seen to be nothing of the sort, and your claims simply laughable!

There's nothing to clarify about the company's finances: " ... the Board considers that the existing facilities are adequate for the Group's financing needs in the foreseeable future." That's good enough for me!

Also remember that from next summer, when the EuroChem case ends, the associated legal costs will also end - and they could easily be about £6 million p.a. million p.a.
Which would mean about £6 million per year improvement to cashflow.

[hedgehog 100] 16/11/2013 16:21

Muckshifter,

Have you ever described a SHFT announcement as positive? Not to my knowledge.

The point you're overlooking is that SHFT said at the interims that its facilities were adequate for the foreseeable future:

30/08/2013 07:01 UKREG Shaft Sinkers Holdings Plc Half year results
"The Group has been in discussion with its bankers to extend and enlarge its existing long-term loan facilities. At this stage, an imminent improvement in the banking facilities is not envisaged. However, the Board considers that the existing facilities are adequate for the Group's financing needs in the foreseeable future."



I think that's pretty clear isn't it: adequate for the foreseeable future.


Of course, you're so risk-averse that you hardly ever seem to be willing to buy ANY share. Not just SHFT. Its just that SHFT seems to be the company that you have such a compelling interest in.

[muckshifter] 15/11/2013 11:12

Just read the shft IMS, and feel that I should make one comment.
What, to me anyway, is conspicuous by its absence in this clearly negative IMS, is news on progress with the bank facility negotiations, which have been ongoing since at least early April.

Shft acknowledged in the last interims at the end of August that they were unlikely to get the increased bank facilities they were seeking, iirc, but whether or not existing facilities would be extended / renewed was left a little ambiguously.

As things stand, the bulk of the bank facilities expire at the end of the 2013, iirc, ie. the "senior amortising facility", and the "senior bullet facility" finish then, leaving the more expensive "mezzanine facility" amounting to about £3 million until December 2014, and the bond facility, which appears to be already overdone as shft had to place $3m in escrow to cover bonds currently ( but the facility is not cash for the company's use anyway).

The traditional way that every company I've known in this type of work have gone to the wall has been a cashflow problem, but I must admit that the thought that IMR might have scheduled the Kazchrome project as "insurance" for shft, whereby they can take money from one pocket and put it into the other as a temporary lifesaving advance while faced with banking intransigence, has crossed my mind several times lately.

Nevertheless, if I was a shareholder, I would ask the company to clarify the state of bank facility negotiations, with, or without, an advanced payment from Kazchrome.
Regards.

[hedgehog 100] 14/11/2013 16:17

Masurenguy,

What's very disappointing about it?


If anything, today's SHFT IMS looks to me like a marginal improvement in profit expectations since July:

14/11/2013 07:00 UKREG Shaft Sinkers Holdings Plc Interim Management Statement
" ... The Group believes it should achieve full year profitability targets, subject to the successful conclusion of discussions on outstanding project variations and a number of other factors ... "


Because in contrast, SHFT's July trading update was less positive re. profitability:

15/07/2013 07:00 UKREG Shaft Sinkers Holdings Plc Trading Update
" ... By contrast, Shaft Sinkers' international operations are achieving, on a net basis, good results, generally benefitting from higher margins. However, this positive performance is unlikely to be sufficient to offset the lower than expected performance from South Africa for the year. ... "


The 2013 earnings forecast has been more or less steady at about 8.4p since the spring.


And revenues slightly lower than last year was expected already, but with massive profits growth this does of course highlight the improving margins.


P.S. How many 'basket cases' had over 80% pre-tax profit and eps growth at their last interims?! -
30/08/2013 07:01 UKREG Shaft Sinkers Holdings Plc Half year results

[hedgehog 100] 14/11/2013 16:11

Billy_Liar-spwh100-simonh88,

Do you have a spread sheet to keep track of all your different identities?!


If anything, today's SHFT IMS looks to me like a marginal improvement in profit expectations since July:

14/11/2013 07:00 UKREG Shaft Sinkers Holdings Plc Interim Management Statement
" ... The Group believes it should achieve full year profitability targets, subject to the successful conclusion of discussions on outstanding project variations and a number of other factors ... "


Because in contrast, SHFT's July trading update was less positive re. profitability:

15/07/2013 07:00 UKREG Shaft Sinkers Holdings Plc Trading Update
" ... By contrast, Shaft Sinkers' international operations are achieving, on a net basis, good results, generally benefitting from higher margins. However, this positive performance is unlikely to be sufficient to offset the lower than expected performance from South Africa for the year. ... "


The 2013 earnings forecast has been more or less steady at about 8.4p since the spring.


And revenues slightly lower than last year was expected already, but with massive profits growth this does of course highlight the improving margins.

[sawadee3] 14/11/2013 13:34

Looking like a blue finish possible.

Happy days :-)

[sawadee3] 14/11/2013 10:06

Nice bounce chaps :-)

[billy_liar] 14/11/2013 08:56

I'd say the chances of their vague 'subject to' conditions being met are zero based on their history to date.

Basket case.