LSE company dividends information has been updated. You can find this is in the menu on any Quote page. ADVFN team.


Thungela Resources Limited

-1.20 (-0.22%)
Share Name Share Symbol Market Type Share ISIN Share Description
Thungela Resources Limited LSE:TGA London Ordinary Share ZAE000296554 ORD NPV (DI)
  Price Change % Change Share Price Shares Traded Last Trade
  -1.20 -0.22% 549.80 281,340 16:35:07
Bid Price Offer Price High Price Low Price Open Price
548.40 550.40 557.00 542.60 543.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Coal Mining Services 50,753.00 16,988.00 12,350.50 4.45 734.53
Last Trade Time Trade Type Trade Size Trade Price Currency
17:50:15 O 24,771 553.273 GBX

Thungela Resources (TGA) Latest News

Thungela Resources (TGA) Discussions and Chat

Thungela Resources Forums and Chat

Date Time Title Posts
02/6/202317:01Thungela - thermal coal exporter1,083

Add a New Thread

Thungela Resources (TGA) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type

Thungela Resources (TGA) Top Chat Posts

Top Posts
Posted at 30/5/2023 16:04 by saltraider
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.

Posted at 25/5/2023 09:46 by trader465
Hit the 500’s today, I reckon it’s going back to the 200’s now that the coal spike is over. Going forward, with lower coal profit will fall, yield will fall, and the share price will fall
Posted at 18/5/2023 14:37 by trader465
Why? It will go below 500p, the coal spike is over, going forward dividends and share price will fall
Posted at 19/4/2023 13:19 by casket1
Divi is about 16% of current share price, so potential drop from 900 to 760 initially at open (before upward movement)
Posted at 14/4/2023 13:56 by davius
Nine quid seems to be providing a bit of resistance. I was attracted here by the exceptionally high yield and recently weakening share price. Just a small punt, 500 shares at 861p.

Was hoping for a run up to about 950p before ex-div. Still possible.

Posted at 29/3/2023 14:27 by 1knocker
Even allowing a large discount for jurisdiction risk, coal price uncertainty, woke persecution, and the decrepit SA railways and ports, to my mind it easily justified £10.

With a £1.42 (net) dividend declared and payable in a couple of months £10 really amounts to only £8.60, and at today's price, £7.20. When it goes ex d the share price will no doubt fall, but what are the prospects it will fall below £7.20?

I held off last year (unfortunately TGA only came on my radar when the price spiked) and started a position at £10.09. £10 was my estimate of the point at which all the risks were more than in the price. I have made two top ups since. While one always wishes on'e purchase price was lower, I feel relaxed with an average of £8.99, effectively £7.57 net of the declared dividend.

Just one man's thoughts. DYOR.

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: call registration: SmithChief financial officer
Posted at 22/2/2023 15:31 by 1knocker
Better to be a buyer of TGA when the price of coal has halved than when it has doubled.
I started a position only days ago at 1009, and completed it at 888 for an average of 952. I hope that is not going to prove overoptimistically high, but TGA comes with the speculative sector of my portfolio and thus a relatively small maximum holding, so no scope within my self imposed rules for any more than one further (very small) top up if the price continues to fall. Maybe it will turn out that at 952 I was both far too late and too early to get in. Time will tell. Patience and crossed fingers and toes are now the order of the day for me with TGA.

Posted at 22/2/2023 13:56 by dsrush

Coal was over $400/T at the end of last year. And now it's close to $200/T. And still falling. European coal price is towing the same line.

Pre pandemic. Coal was trading between $60-100/T for 2019. Coal prices are now cooling off considerably. Look at the Newcastle futures chart..


Click on the 5yr option at the bottom.

With coal prices returning to more realistic levels from the crazy highs, it isn't unreasonable to see TGA share price follow it down. Share price moved like 1500% did it not. Most of that was in tandem with rapid rising of coal prices. As coal went from $130/T to over $450/T in no time at all.

Such underlying fundamentals will usually have an affect on a company like TGA, both up and down. Because coal is their thing. Unlike most of the majors which have their fingers in many pies.

Just saying. Food for thought huh?

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.

Thungela Resources share price data is direct from the London Stock Exchange
Your Recent History
Thungela R..
Register now to watch these stocks streaming on the ADVFN Monitor.

Monitor lets you view up to 110 of your favourite stocks at once and is completely free to use.

Log in to ADVFN
Register Now

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

Support: +44 (0) 203 8794 460 |

V: D: 20230602 21:28:48