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TGA Thungela Resources Limited

14.00 (2.33%)
07 Dec 2023 - Closed
Delayed by 15 minutes
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
  14.00 2.33% 614.00 141,046 16:35:08
Bid Price Offer Price High Price Low Price Open Price
615.80 619.80 622.20 595.00 614.40
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Coal Mining Services ZAR 50.75B ZAR 16.99B ZAR 120.9174 0.06 1.09B
Last Trade Time Trade Type Trade Size Trade Price Currency
18:38:08 O 512 618.62 GBX

Thungela Resources (TGA) Latest News

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Thungela Resources Forums and Chat

Date Time Title Posts
30/11/202317:30Thungela - thermal coal exporter1,218

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Thungela Resources (TGA) Most Recent Trades

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Posted at 07/12/2023 08:20 by Thungela Resources Daily Update
Thungela Resources Limited is listed in the Coal Mining Services sector of the London Stock Exchange with ticker TGA. The last closing price for Thungela Resources was 600p.
Thungela Resources currently has 140,492,585 shares in issue. The market capitalisation of Thungela Resources is £1,088,817,534.
Thungela Resources has a price to earnings ratio (PE ratio) of 0.06.
This morning TGA shares opened at 614.40p
Posted at 16/10/2023 07:48 by 888icb
If TGA closes above £8 today that will be a good start. If the steady rise of £1 per month continues that will be fine by me. It was also good to receive the dividend this month. A good share to hold particularly as we move towards winter.
Posted at 12/8/2023 12:14 by sbb1x
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.
Posted at 12/8/2023 10:44 by e43
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.
Posted at 09/8/2023 16:03 by 1knocker
Never a dull moment with the TGA share price
Posted at 20/7/2023 14:31 by sogoesit
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.
Posted at 20/7/2023 12:21 by spawny100
Only a couple of days old. I'm surprised share price here hasn't responded much yet.
Posted at 30/5/2023 15:04 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 29/3/2023 13:27 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 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

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