Thungela Resources Share Discussion Threads

[spawny100] 20/7/2023 13:21

Only a couple of days old. I'm surprised share price here hasn't responded much yet.

[sogoesit] 20/7/2023 11:54

Hi there spawny...
Where did you read improvement in Transnet?
(haven't been following closely)

Also, hope we get news on the Oz deal at HY Results.

[spawny100] 20/7/2023 09:16

Got to be a bargain down here now it sounds like Transnet issues getting sorted? Bought a chunk today. Nice double bottom on chart too.

[sogoesit] 19/7/2023 18:14

£2.35 gross.

SP pre-ex approx 750 to 775 at 30% impact yield.

[maty] 19/7/2023 10:36

What do you predict the next divi as ?

[scobak] 11/7/2023 09:42

$138 Down $1.65.

[sbb1x] 10/7/2023 16:12

What's latest coal price....

[888icb] 27/6/2023 11:34

Coal will continue to be a good earner for Thungela as it remains an important source of global energy at 27% as per this extract from an article in yesterdays Times:
“ "At a global scale, renewables are not yet eating into coal and gas-fired generation and in fact both coal and gas recorded record highs in terms of generation in 2022," Nick Wayth, the institute's chief executive, said. Nuclear power output fell by 4 per cent.
Wayth said the global primary energy mix had shown very little change, despite upheavals in trade flows and record prices for some commodities in the wake of Russia's invasion of Ukraine. Coal remained at 27 per cent of consumption for a sixth consecutive year, oil increased slightly to 32 per cent and gas market share fell slightly amid lower use for heating and transport.”

[sogoesit] 16/6/2023 06:07

Depends what you swallow….

[trader465] 15/6/2023 13:59

One swallow doesn’t mean it’s summer

[casket1] 15/6/2023 13:56

Glad I took trader465 (& Sbb1x) advice and got out whilst this was going all the way to 200..... hope you both had massive shorts lol

[sogoesit] 14/6/2023 22:31

Up 21% on OTC equivalent of 765.

[sogoesit] 12/6/2023 10:14

If the payout is about 50% (altho policy is 30% which they usually exceed) that makes 218p.
Impact yield iirc is about 30% giving a value on yield of 725p

[davius] 12/6/2023 08:50

Mid estimate of EPS for the current year is 85p, current cash position just under £600m. Fair value (PE 10) would be maybe 850p.

[saltraider] 02/6/2023 17:01

Oh ... give it a rest, trader465 ...you're just too obvious.

[trader465] 02/6/2023 15:57

What swings? It’s gone down almost in a straight line from 1500p. It will be below 500p soon and a big dividend cut will follow

[sbb1x] 02/6/2023 15:44

Need balls of steel for this stock with the swings

[davius] 31/5/2023 15:34

Crazy share, 10% bounce from the low of the day. Just goes to show what happens when a share is as thinly traded as this.

[casket1] 31/5/2023 10:40

Since my average is 492, I'm gonna say yes. Just let the shares sit in my ISA and keep taking the 30% dividend........

[sbb1x] 30/5/2023 23:49

Are you going to double up at 500.....

[kamz] 30/5/2023 19:25

Think you may be right saltraider.

Energy usage is low as we enter summer, if winter is cold, then price es will increase

[saltraider] 30/5/2023 16:42

Of course, the dividend will get cut in harder years. But it's still going to be big income bought at a cheap price. This is the second best investment I ever made ... I'll ride with it.

[m5] 30/5/2023 16:30

I can see then cutting the divi.

[sbb1x] 30/5/2023 16:17

Lol lol lol lol lol

[saltraider] 30/5/2023 16:04

The 'inconvenient truth' is that thermal coal is likely to be in significantly short supply over the next 10 years at least. It will be a very bumpy ride ... but, taking one year with another, coal is going to sell at a significant premium to cost and coal miners are going to be very profitable businesses.

I'm not watching the share price here ... I'm looking at the dividends. Dividends to date have already significantly exceeded my investment in TGA shares. If the share price craters, I'm a happy man ... I'll buy some more ... I will not have to wait very long before my investment breaks even.

Sure, I could play this a whole lot smarter and perfectly time a big bunch of buys and sells ... perhaps.