Thungela Resources Share Discussion Threads

[sbb1x] 15/8/2023 10:45

Another day closer to our update and dividend announcement.

[sbb1x] 14/8/2023 13:24

Amazing they have pulled this down on such small volume

[sbb1x] 12/8/2023 13:14

The reason I have bought in is because I believe coal prices will be much higher in coming months. So the share price should rise with it.

[e43] 12/8/2023 11:44

Interesting to compare TGA with Aus thermal coal miner WHC.
WHC also v cash rich, their shares have held up much better this year than TGA,partly due to the fact they're splitting shareholder returns between dividends and buybacks.
WHC EV is also approx 5x times that of TGA for the proportionate amount of coal sold,even allowing for different country and higher AUS coal price this seems too big a gap.
Maybe TGA gaining Aus exposure can start to close that gap a little.

[e43] 12/8/2023 08:37

Company guides around 21Aug for results,
With cash needed to settle Aus acquisition soon,and capex weighted towards H2,plus company wanting to keep 6-8billion rand cash buffer ,not expecting massive H1 div(maybe 10-15 rand?)would also like a proportionate share buyback to be announced.

[casket1] 11/8/2023 09:49

Sbb1x - On DividendMax it shows the declaration date to be Mon 14th Aug 2023

Ex-divi is 20th Sept & Payment is 25th Sept

See below copy & paste

LATEST DIVIDENDS
Summary Previous dividend Next dividend
Status Paid Forecast
Type Interim Final
Per share 4000C Subscription required
Declaration date27 Mar 2023 (Mon) 14 Aug 2023 (Mon)
Ex-div date 19 Apr 2023 (Wed) 20 Sep 2023 (Wed)
Pay date 24 Apr 2023 (Mon) 25 Sep 2023 (Mon)

[sbb1x] 11/8/2023 08:21

From twitterNewcastle spot coal higher to $143, September pricing to $149. Last Q&A suggested Ensham (#TGA acquiring assets in Oz) at around $100 cost and Report a couple of days ago saying approval process in motion. First close above the 50dma on SA for some time.

[sbb1x] 11/8/2023 08:08

Last year the dividend was announced on 15th August.Do we think it will be announced on Tuesday 15th August this year

[sbb1x] 10/8/2023 08:17

Lot of expectations that coal price will higher the closer we get to winter.Fingers crossed

[casket1] 09/8/2023 17:20

Yeh, bounced back nicely from recent falls.....

[1knocker] 09/8/2023 17:03

Never a dull moment with the TGA share price

[sunnyjim89] 09/8/2023 13:33

It'll smash through that, mcap nearly on par with net cash, coal prices rising again, Aussie coal deal completes September and possibly massive divi on cards. Would prefer buybacks with he low free-float.

[sbb1x] 09/8/2023 13:28

See this heading towards 650 the nearer it gets to update and dividend announcement.Twitter big boys loading up

[sbb1x] 03/8/2023 15:17

Think it's what's going on in some African countries

[spawny100] 01/8/2023 17:13

Ah perhaps that's the specific weakness here this week?

[sbb1x] 01/8/2023 16:51

SOUTH AFRICA'S RAND EXTENDS DECLINE TO DROP 2.3% VERSUS DOLLAR

[fozzyb] 01/8/2023 07:57

https://www.cnbc.com/2023/07/27/coal-consumption-hit-an-all-time-high-in-2022-iea-says.html

[spawny100] 27/7/2023 14:57

Was going so well. What happened?

[sogoesit] 25/7/2023 15:16

Ok, was just going by last year's news timeline... so I am not upto date ;-)!

More likely coal then as coal stocks all up in Oz last night.

[casket1] 25/7/2023 15:03

I'm expecting statement update around 21st Aug, but we'll see how it goes

[sogoesit] 25/7/2023 11:14

Should get a Trading Statement two weeks pre-Results (mid August last year) in the next few days...
People bidding-up the price in expectation.
TA says resistance at about 700. Value, imv, says about 800 pre-ex-dividend.
Let's see.

[scobak] 20/7/2023 20:59

coal $131, down $3.35
Not so much the situation stabilising but the world price of coal.

[sogoesit] 20/7/2023 15:31

Cheers spawny!

Well, yes, one always needs some tactics to manage a major position for sure.
On the way down have been taking some returns in capital and some in income with an overall RoC of >75% on income alone.
So, if we're troughing now may be a good time to re-accumulate the capital side. But I will focus on the coal price expectations.
The only issue that has confused me is the investment in Oz. Without that I probably would have let everything go to run-off.
Let's see if there are buyers for the income when it becomes certain and the share price adjusts.

[spawny100] 20/7/2023 15:12

Well yes it's hard to argue against there being risk here. But then how much of that is priced in already? If the situation stabilises then surely they will fly? Best time to buy commodity shares is when the commodity has fallen from grace/cheap and when there are risks - then the risk/reward swings to a greater probability of upside as opposed to further downside. That's what I'm doing anyway.

[1knocker] 20/7/2023 14:16

SA infrastructure is in a hell of a state, and the problems with theft and corruption are such that there is no easy fix. Its more likely to remain 'one step forward and two back' than to improve to 'two steps forward and one back'.

TGA seems to me to be too risky to warrant more than a small holding. Its all too easy to keep buying the falls on a share like this until one finds find one sad day that one has an uncomfortably large amount of capital committed, and getting to sleep at night is becoming difficult !