Thungela Resources Share Discussion Threads

[ashkv] 10/12/2024 07:53

Nice set of results per my review - lets see if the market concurs :)

[penandnen] 18/11/2024 19:07

Coal futures are up. I guess market is pricing in some more positive news?

[casket1] 18/11/2024 09:32

Anyone want to make any suggestions as to the "surge" in the share price over the past couple of months as coal prices themselves have not increased by anywhere near this uplift. Am I missing some news as I can't find anything to support this increase....

[maty] 06/11/2024 02:34

When is ex divi date ?

[casket1] 04/10/2024 15:09

200C which is about R2 which is about 8.59p / share (give or take)

Can't remember if the 20% tax will then need to be taken off this as well (which I think it is)

[skynet2000] 04/10/2024 10:35

Does anyone know what the dividends will be?

[hipete69] 03/10/2024 13:53

Yup, I had the same bump on the road. The 23rd is for the JSE holders. Dividend Max is misleading on this,

[casket1] 30/9/2024 12:35

please ignore, info came from dividend max and quoted this date !!!

checked on HL site and this is down as 7th Oct, apologies

[casket1] 30/9/2024 12:34

Just curious, has anybody received their TGA dividend yet. I'm with ii, but mine does not appear to have been credited, which I thought was 23rd Sept (pay date)

Am I wrong with pay date or has anyone else experienced this issue ?

[sbb1x] 11/9/2024 13:57

Been watching this drip down since 3rd june, when director hedged his shares, Anyone brave enough to call a bottom or will we see new 52 week low...

[sbb1x] 11/9/2024 13:56

Been watching this down since 3rd when director hedged his shares, anyone brave enough to call a bottom or will we seen new 52 week lows...

[ashkv] 18/6/2024 11:35

Nibbled on some TGA

Coal prices should uplift into year end!!!

Almost 50% net cash / with more due once premium for Newcastle Coal Exports in H1 2024 is sorted!!!

TGA has been an excellent range trade :) With a heft dividend to provide a cushion / safety :)

Will keep nibbling :)

[sbb1x] 18/6/2024 11:13

Since that director hedged his 500,000 shares on 3rd june, all this has done has gone down.

[e43] 18/6/2024 08:42

Trading update v average, not expected to be great with weaker coal prices,but ongoing issues on SA railways a big headwind, only positive Australia performance good.,Would expect a halved interim dividend.
Need a 10%+ improvement in 2nd half coal price.

[kenmitch] 11/6/2024 11:39

I rarely trade a share but do with Thungela as the share price just reacts to the spot coal price. See this link for that:-



So over the last 12 months:-

Sept 2023 ….coal peaked at $162 and TGA peaked at £8.

November 2023 ….coal down to $120 and TGA down to £5.80

Feb 2024 ….after a bounce coal fell to $115 and TGA also bottomed then to £4.15

April 2024 …coal bounced to $145 and TGA bounced to £6.30.

TODAY. Coal $133 and share down to £5.10.

Ideally the current coal price fall needs to continue to around $120 to $125 to give the next TGA buy trading opportunity. Now might be too early… but best way to decide that is to monitor the spot coal price.

Also note the coal bubble peak of $444 in Sept 2022. Thungela share price also peaked then at £18.

It’s also worth keeping an eye on the next ex dividend date as there’s also a strong case to buy and get that big dividend.

[dodger777] 11/6/2024 11:30

Any suggestion what the next dividend payment might be, I think it’s august September time

[saltraider] 11/6/2024 11:22

I think Thungela is a share to hold for the income it generates. Variations in the share price should be pretty much ignored ... except for the opportunity they occasionally provide to buy future income cheaply.

[maty] 11/6/2024 10:21

Politics ?? Why the big drop

[sbb1x] 07/6/2024 09:57

Have we picked up a shorter...

[sbb1x] 06/6/2024 12:45

Since yesterday RNS this has gone down hill

[sbb1x] 05/6/2024 14:47

And another buy 10,000@550

[sbb1x] 05/6/2024 14:44

Nice buy 10,000@550