Thungela Resources Share Discussion Threads

[sbb1x] 12/1/2023 11:51

Time to buy ...

[arja] 10/1/2023 10:40

broken through chart resistance today and on a BAD day for mining stocks - a good omen and more in this one .

[arja] 09/1/2023 14:27

hard to know if good or bad fundamentals for TGA as it is a newish company I guess . But chart is a gentle uptrend and now at resistance point . NO SD payable so maybe a good trading stock with just £3 commission each side .

[tempted] 06/1/2023 22:14

If we refer to readily available article



Total 2022E = ZAR R150 = ~£ 7.30 = x + interim already paid

interim was £3.00 (they withhold 20% for tax for UK residents - actually paid 240p in October)

remainder x = £4.30 minus the tax = final payment expected in May to be £3.44

Note next year 2023E currently remains high around ZAR R128 = £6.2

caveat emptor applies.

[stevetmade1] 06/1/2023 22:09

Thanks for the link dave, will have a look ?

[davetedjack] 06/1/2023 21:18

Steve, have a look at dividenddata.co.uk which outlines when dividends were paid in the last 12 months and also when the next ones are expected. Currently there are no dividends declared for TGA.

[stevetmade1] 06/1/2023 20:26

When is the dividend, is it 300p, tia

[sbb1x] 06/1/2023 14:48

Big gap up this morning.... wonder if that gap will fill

[tempted] 05/1/2023 16:27

Looks like a good entry or add point for Feb results, divi now potentially over 50% on stockopedia.

[davetedjack] 05/1/2023 13:43

Whilst the price is falling back a bit the interesting thing is the huge falls, rises at swings in each day's trading. Hard to keep up with

[johnrxx99] 05/1/2023 04:04

Price of coal falling thus the share price fall.

[casket1] 03/1/2023 14:34

Just bad timing, wouldn't worry, it will be up at £18 when the results come out & divi is declared

[sbb1x] 03/1/2023 13:40

Wish I waited ffs

[sbb1x] 03/1/2023 12:03

Bought a few today

[arja] 29/12/2022 13:28

some reversal today and mining stocks are not exactly soaring . This is a stock where no SD is payable and might be worth focusing on for a day trade .

[arja] 28/12/2022 16:23

wow , TGA hit today much more than all the other major resource stocka !

[tempted] 28/12/2022 15:38

Transnet posts profit in half year consolidated financial results
28 DEC 2022

State freight rail and ports company Transnet has posted a profit of some R159m for the first six months of this financial year after posting a loss of some R78m in 2021.
Source: Col André Kritzinger via
Source: Col André Kritzinger via Wikimedia Commons
The company has also posted a 2% increase in revenue over the same period – up from R35.4bn to R36.1bn.

Transnet said its work from April to September has been hampered by serious disruptions.

“Transnet̵7;s performance for the period was underpinned by significant operational disruptions, associated with the floods in KwaZulu-Natal at the start of the financial year and the continuing binding constraints of vandalism of its infrastructure, including fuel and cable theft, as well as the unavailability of locomotives.

“The underperformance of TFR (Transnet Freight Rail), which contributes 45% of total revenue, is mainly driven by the challenges mentioned above and resulted in Transnet not meeting the cash interest cover ratio of 2.5x for some lenders. However, all the affected have provided the required waivers to Transnet,” the company said.

Transnet added that an agreement reached with CRRC E-Loco Supply for the maintenance of locomotives “is expected to unlock the bottlenecks related to the availability of locomotives on key corridors, including the coal and iron-ore lines”.

Other key features for Transnet include:

• Earnings before interest, taxes, depreciation and amortization were down some 2.5% from R13.3bn to R12.9bn
• Cash generated after working capital changes is R11.9bn
• Capital investment to sustain and expand operations stands at R6bn

The company said it has a positive outlook and key among the actions it is taking to grow and turn around the state-owned company include:

• Request for proposals are open for the upgrading of the Durban and Ngqura Container terminals
• A request for proposals has been sent out for the construction of a Liquefied Natural Gas (LNG) terminal at the Port of Richard’s Bay.
• Proposals evaluations are underway for the development of Boegoebaai Port and Rail
• Traxion Rail has been awarded a slot on the East London rail line in a first for the company
• A request for proposals has been sent out for financing and construction of the Ngqura Manganese Export Terminal
• The feasibility for the 6 million tonne expansion of the manganese line is due to be completed by the end of this financial year
• Transnet Freight Rail and Transnet Port Terminals are in the process of procuring long term maintenance agreements for locomotives and cranes which the company expects to improve reliability and entrench a culture of maintenance

“There is meaningful progress in the implementation of our strategy to grow and fix the core of our operations and partner with the private sector to improve efficiencies and increase capacity,” Transnet said.

[sogoesit] 16/12/2022 19:11

Also, “Cash flow generation has been robust… resulting in net cash of R19.8bn…”;
This is equivalent to about R145/share by my estimate.
Will the H2 Dividend be paid on this basis or the H2 EPS of approx. R58 (R125-R67)?
If so, H2 dividend likely more than R60?

[this tea tastes of chicken] 08/12/2022 08:34

Ave realised coal price $236t ✅
Export sale 11.9mt 😡
Cash generation 9.8billion ✅
Expected dividend cR60 again ✅

Much depends how much baked into the price that the export sales only reached 11.9mt. Some interesting comments on optimising mines which incl scaling down at least one. On the other hand, demand for coal remains robust as gas prices in Europe remain historically high even if not atnthe spike level of Oct 22. I' m still of the view that the 300 locos coming back to service (parts issues resolved) is a bigger and more positive issue than theft disruption but as ever, we shall see. It's a good yield even a slightly lower coal prices.

[e43] 08/12/2022 07:53

Trading update in line with expectations,great cash build, likely H2 dividend should be similar to H1 {£3 gross ish)with prospect of good start to 2023.

[arja] 02/12/2022 08:46

getting hit again today I see and so much for my target price in short term anyway , I will stick to trading S32 which gave good opportunity today in inefficient market at opening ! happens at times in this stock and can make a mini killing .