UK Coal Share Discussion Threads

[jacks13] 23/8/2011 09:41

The £22.2m after tax profit equates to an eps of 7.4p.
N.B. The H1 earnings for 2010 was an eps loss of 30.7p.

[loafofbread] 23/8/2011 08:04

Both Pelham and UBS have been adding recently.

Assume CO still holds from last year.

[greatwhitefunkmaster] 23/8/2011 07:47

Also, without checking the figures, don't these results beat the brokers' expectations? Expect re-iterated buy notes.

[greatwhitefunkmaster] 23/8/2011 07:41

Not had time to read in detail, but pleasing results. JC not getting carried away with them but satisfied. Profitability due to land sales meaning debt down 35m. Increased production. Needs mining to become profitable as can't rely on property sales alone.

Expect director buying on the back of these.

[warbaby43] 22/8/2011 17:57

Ivan Campo, yup a marginal increase by UBS from 6.97% but a further good news share purchase we can probably expect will be of a significant new holding in the name their latest non-exec, Peter Hickson. While he may be another old mate of Jonson Cox's, his appointment nevertheless, was a considerable coup for UKC given his chairmanship of Communisis and more particularly of Chemring, with holdings in both of those companies. Best news of all though would be if another Crispin-Odey-style hedgie were to build up a similar sized stake.

[499budgie] 22/8/2011 13:42

I do know Kellingley are flying...above target ...they cannot move it fast enough...good results coming !!...

[warbaby43] 22/8/2011 13:40

Good news, besides more progress since H2 end on the debt reduction front, would be that of the 2.3 mt of legacies due for delivery this year, more than half had been delivered in H1, which should mean a significantly higher average selling price for H2. Also, taking Muckshifter's point, that not all of the 4.1mt mined in H1 had been sold, along with the face change due at Daw Mill for late August now being on schedule and that two face production there for the last four months of 2011 was still expected, which taken together should mean a bumper H2 for sales as well as production.

Excellent news would also be of progress on the industrial relations front and on pensions particularly, for then, if they can continue to make significant progress on the debt reduction front in the remainder of this year, expectations on the bid front should become realistic for 2012.

We must also hope though, that now they appear to be making progress to sorting themselves out, UKC doesn't get unravelled on the macro economic front by a collapse in commodity prices inclding that of coal (ARA and futures still rock steady however.) Crossed fingers and everything else as ever, therefore, with UKC.

[ivancampo] 22/8/2011 10:48

Is that UBS increasing their stake? If so, very interesting, reversing their selling of last year....

[treble in 1999] 21/8/2011 11:52

debt reduction of £50m

[greatwhitefunkmaster] 19/8/2011 14:44

Just a few days until our Interim Results. Has anyone got any opinions as to what we might expect? What would constitute good news?

[pojscott] 09/8/2011 12:13

Good bye and good luck,

[its the oxman] 09/8/2011 10:40

alas i have sold out to jump into nwr and vedanta where both offer a small yield and i am speculating both could see 100% return from current levels 475p and 1300p. good luck to those still here.

[its the oxman] 21/7/2011 12:00

steady climb now, with results and debt on an improving trend

[jacks13] 20/7/2011 17:10

Warbaby - Cracking post.

[loafofbread] 20/7/2011 15:26

Some great posts guys.

Are we seeing the start of a little bit of buying interest?

[muckshifter] 13/7/2011 12:28

The obvious thing missing from the trading statement is the tonnage sold, for reconciliation with the low cash inflow from mining. I suspect that there is a continuation of the stockpiling of "raw" product, at Thoresby at least, pending the additional coal prep plant which is due to be operational by 4th quarter. This would have the effect of reducing the cash inflow.

The other potential cause of low cash inflow compared to production, imho, is the variability of opencast. IIRC, my expectation of 1.55m tonnes from opencast this year was based on a couple of sites going into restoration during the year, which automatically reduces cash inflow and increases cash outflow.

But I thought the trading statement was showing decent progress on various fronts.
Regards.

[jeffian] 13/7/2011 10:39

ADVFN trades showing 'buys' as 'sells' again.

[jacks13] 12/7/2011 08:58

I get the impression that management is now managing the situation rather than the other way around.
It's true they've been burning cash for a number of years but if they can maintain these production levels they will be generating cash and be able to (deep)mine their way out of trouble. They still need things to go their way though.

[ivancampo] 12/7/2011 08:11

Eh?

I took it as quite a positive ststement?

[envirovision] 12/7/2011 07:57

Dont look good, despite what they raised in property sales, deduct this from net debt and its clear they have burnt much more cash than they have made.

How long can this go on for ?

[angelika] 09/7/2011 14:27

Warbaby, I have worked with Jonson and am sure he will make his feelings known in a diplomatic way to the H&SE.
No company these days sets out to harm the people they bring to work and I am fully supportive of sensible H&S rules but I feel the time has come within the UK for a little thought as to what is sensible and what is a total waste of time and money.