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TGA Thungela Resources Limited

552.00
8.50 (1.56%)
26 Apr 2024 - Closed
Delayed by 15 minutes
Thungela Resources Investors - TGA

Thungela Resources Investors - TGA

Share Name Share Symbol Market Stock Type
Thungela Resources Limited TGA London Ordinary Share
  Price Change Price Change % Share Price Last Trade
8.50 1.56% 552.00 16:29:30
Open Price Low Price High Price Close Price Previous Close
553.00 546.00 561.00 552.00 543.50
more quote information »
Industry Sector
MINING

Top Investor Posts

Top Posts
Posted at 11/3/2024 23:11 by sturmey
HunterYou are spot on.TGA is as cheap as chips.But most private investors only buy as part of a crowd.Be contrarian! Fill your boots now!I am long oil, uranium and coal. Go for itSturmey
Posted at 09/5/2023 13:47 by casket1
Suspect it is a result of automatic dividend re-allocation back into TGA shares

Some investors don't take the divi but have this converted to shares at the point of payment to increase their holding without paying for commissions.... think charge from interactive investor is £1

Expecting 22/09 divi at 213p

Racing towards that 500p predicted target lol
Posted at 19/4/2023 10:12 by davius
For anyone interested, they can see the SA price via the Thungela web site:

hxxps://www.thungela.com/investors/share-price

It's regained about 10% of the ex-div fall, which if repeated here would represent a gain of 17p or so.
Posted at 09/3/2023 17:21 by 1viky
Have you seen today's Trading Statement issued by the Thungela.HEPS expected to be 130-133 randEpS e pected to be 125 to 129Thungela Resources Limited Trading Statement for the year ended 31 December 2022THUNGELA RESOURCES LIMITED(Incorporated in the Republic of South Africa)Registration number: 2021/303811/06JSE Share Code: TGALSE Share Code: TGAISIN: ZAE000296554Tax number: 9111917259('Thungela' or the 'Company' and, together with its affiliates, the 'Group')Thungela Resources Limited Trading Statement for the year ended 31 December 2022Shareholders are advised that Thungela and its directors have a reasonable degree ofcertainty related to the expected financial results of the Group for the year ended31 December 2022 in line with paragraph 3.4(b) of the JSE Listings Requirements.Expected earnings per share and headline earnings per shareShareholders are advised that earnings per share ('EPS') for the year ended31 December 2022 (the 'current period') is expected to be between R125 and R129, anincrease of between R63.92 and R67.92 per share compared to the earnings per shareof R61.08 for the year ended 31 December 2021 (the 'prior period').Headline earnings per share(1) ('HEPS') for the current period is expected to be betweenR130 and R133, an increase of between R63.43 and R66.43 per share compared toHEPS of R66.57 for the prior period. Headline earnings attributable to shareholders ofthe Group for the current period is likely to be between R17.4 billion and R17.7 billion(compared to R7.0 billion in the prior period).These EPS and HEPS figures are calculated using a weighted average number ofshares ('WANOS') of 133,684,828 for the current period and 105,260,339 for the priorperiod.The expected EPS and HEPS ranges for the current period are as follows:Expected EPS/HEPS Expected increase from Expected increase fromrange prior period prior period(Rand per share) (Rand per share) (%)EPS 125.00 - 129.00 63.92 - 67.92 105 – 111HEPS 130.00 - 133.00 63.43 - 66.43 95 - 100Key areas of judgement which may impact the expected EPS and HEPS figures aboveare in the process of being finalised, and any changes to these ranges, if necessary, willbe communicated to shareholders.Thungela expects to release its financial results for the year ended 31 December 2022on 27 March 2023. The financial results will be released on the Johannesburg StockExchange News Service and the London Stock Exchange Regulatory News Serviceand will be accompanied by an investor webinar and conference call on the same date.The live webinar and conference call will start at 12:00 SAST (11:00 BST). Details toregister for the webinar and conference call are available below:Webinar registration:https://78449.themediaframe.com/links/thungela230327_1200.htmlConference call registration:https://services.choruscall.za.com/DiamondPassRegistration/register?confirmationNumber=6851064&linkSecurityString=10db7f85c0Deon SmithChief financial officer
Posted at 26/1/2023 09:19 by wallywoo
Tga are a coal only miner. The reason why they were spun out is the huge world wide hatred of coal, for environmental reasons. It's a PC nightmare investment!


Glencore are marketing and mining global giant providing many needed metals, energy, agriculture, recycled resources. They are a huge diverse group. Coal is barely tolerated there, but only to fund the copper expansion.


Results for 2022 will be great, but where is the future here?? That and that many funds and investors refuse to invest in companies that are bad for the environment now.

So buy for the dividend if you must, but it's highly possible that the share price will fall more when it goes xd. How many more years will there be a good demand for coal? Will the mining countries continue to allow coal mining? Future looks bleak imo. Share price is derived from the present value of all future dividends, so how many more are likely? 3-4 years is my guess.
Posted at 19/1/2023 15:50 by e43
Welcome to any new TGA investors,you join at an interesting price point,price often moves suddenly either direction,which also makes it a great trading share .
Logistics issues ie having to rely on the v poor SA railways to get coal too market are more of a concern going forward than coal price or mining issues.
Posted at 06/10/2022 11:45 by 1viky
Thungela Resources Limited TFR StrikeSource: UK Regulatory (RNS & others)TIDMTGARNS Number : 0408CThungela Resources Limited06 October 2022THUNGELA RESOURCES LIMITED(Incorporated in the Republic of South Africa)Registration number: 2021/303811/06JSE Share Code: TGALSE Share Code: TGAISIN: ZAE000296554Tax number: 9111917259('Thungela' or the 'Company' and, together with its affiliates, the 'Group')THUNGELA IS CONFIDENT IN ITS ABILITY TO MITIGATE POTENTIAL IMPACT OF TRANSNET STRIKEThungela has noted that the United National Transport Union has rejected the wage deal proposed by Transnet SOC Limited (Transnet) and has embarked on strike action. The strike commenced on 6 October 2022 and is likely to affect both rail and port services.Industrial action will interrupt railing from our operations to the Richards Bay Coal Terminal (RBCT). Rail constraints over recent months have resulted in relatively high stockpile levels on our operations. Operations are however able to run without rail for a further seven days without experiencing a significant impact on production. In the event of a protracted strike extending to two weeks, we would be forced to further curtail production, with the potential resultant impact being a reduction of up to 300kt of export saleable production.RBCT operates independently of Transnet and should be able to continue to load vessels, subject to Transnet continuing to provide a number of services required for the berthing and unberthing of vessels (for example pilots and tugboats). Given RBCT's ability to load vessels and Thungela's ability to draw down on healthy stock levels at port, we currently expect the impact on sales for Q4 2022 to be limited.In light of previous security issues experienced on the coal corridor, Thungela is working with Transnet and other coal exporting parties to deploy additional security measures on the line. These include intensified helicopter surveillance, heightened focus on depots and an increase in the number of reaction teams on the ground.We continue to engage with Transnet to understand further developments and the potential impacts on our business.Johannesburg6 October 2022Investor RelationsRyan AfricaEmail: ryan.africa@thungela.comMedia ContactsTarryn GenisEmail: tarryn.genis@thungela.comUK Financial adviser and corporate brokerLiberum Capital LimitedTel: +44 20 3100 2000SponsorRand Merchant Bank(A division of FirstRand Bank Limited)This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.ENDMSCEAEEKEFLAFFA(END) Dow Jones NewswiresOctober 06, 2022 06:30 ET (10:30 GMT)
Posted at 22/9/2022 20:59 by saltraider
Hey JakNife ... isn't that all far too stressful and worrysome? There will be a perfect time to sell TGA. You will 100% not manage to find it.

Better to buy and hold ... at a lifestyle level, for sure. This stock is going to deliver big lumps of cash to investors for several years to come (my dividends after tax are already over 80% of my initial investment in TGA ... and that cash flow is not going to dry up any too soon.)

TGA is a gift that will keep on giving for a few years yet and I am just happy to profit from that without worrying (eyes "like a hawk") all the time about whether I am timing every buy-sell decision just perfectly.

I think it pays to chill a little.
Posted at 22/9/2022 09:36 by casket1
Yeh, opened £2.50 lower, at £15.90, but climbing back up as we speak, now £16.30 to buy.

Still think it will be down on the day, as I suspect a few investors to have already sold, but I don't see it lower than the £2.40 divi, especially given the buy / sells ratio at the minute

Time will tell, happy to see it back over £17.....
Posted at 13/9/2022 10:29 by eggbaconandbubble
This is from CNBC Pro on Coal. Apparently - copied from GLENCORE bb.

"Coal prices are at record highs amid a looming global energy crisis, and market watchers believe prices still have further to go.
The clean energy transition was expected to herald the demise of coal — the most pollutive of all fossil fuels. Instead, the price of thermal coal used for power generation has surged nearly threefold since the beginning of the year.
The global push to curb carbon emissions has hit a roadblock as governments scramble to secure their energy needs amid supply bottlenecks caused by the Ukraine war. Russia’s move to cut off gas supplies to Europe has also forced the bloc to seek alternative fuel sources ahead of the cold winter months — including coal from Australia.
Investors should buy coal-related equities to cash in on the booming demand, according to Peter O’Conner, senior analyst at Sydney-based boutique investment firm Shaw & Partners.
“Coal equities across the globe will do well, and the tailwind they have had from their lows in June 2020 will continue to stay high. The cash they generate is extraordinary,”; he said. “It’s almost like any or all companies are a buy.”
His favorite stock pick in Australia is coal producer Whitehaven.
The company delivered a standout performance for the recent financial year, reporting record net profit and revenue. It also generated 2.6 billion Australian dollars ($1.79 billion) in cash from its operations during the period, a huge increase from the $169.5 million generated the year before.
“Whitehaven could effectively buy back almost 10% of its company every month at the moment, given how much cash it’s generating,” O’ Conner said.
The company also pays good dividends. Whitehaven has a dividend yield of 7.4%, which is significantly higher than the industry average of 3.5%, according to FactSet data.
To be sure, there may be limited short-term upside for the stock after a meteoric rise this year. Shares in the company hit a 52-week high of AU$8.74 last week, giving the stock a gain of around 220% since the beginning of the year.
But it remains a favorite among analysts, FactSet data shows, with a 71% buy rating on the stock.
Meanwhile, Kenny Polcari, chief market strategist at Slatestone Wealth, named U.S. coal mining firm Peabody Energy as a favorite in the space.
The Missouri-based firm has also benefited from soaring coal prices this year and shares of the company are up more than 100% since the start of 2022.
Meanwhile, coal prices look set to remain high for the foreseeable future.
Spot physical coal loaded at Newcastle port in Australia was priced at $441.19 a ton on Monday, trading around an all-time high, according to Eikon data. Coal futures are also trending higher. Eikon data showed contracts for October delivery of Newcastle coal were priced at $430.60 Friday, after hitting an all-time high last week.
Data aggregation platform Trading Economics has forecast coal prices to trade at $461.49 by the end of September, before rising to $551.06 in 12 months.
O’Connor also expects coal prices to stay higher for longer.
“With hydro production levels of electricity low and energy price in Europe very high, the price for coal will stay higher… if [coal price] stays above $425/ton…That’s a breakout of a medium term, very substantial charting position, which should set the trade higher,” he told CNBC “Street Signs Asia” on Friday."

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