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From all we read in the press a bid will becoming sometime this week. Looking for about 25% more at around $4.70.
GCL - Gloucester Coal
- Thread starter excalibur
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Julia
In Memoriam
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Yes, $4.75 is the announcement this morning.
Considering they last traded at $3.81 I'm more than happy to accept.
Considering they last traded at $3.81 I'm more than happy to accept.
michael_selway
Coal & Phosphate, thats it!
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Unbelievable!
I have been looking at all these coal stocks recently, and all are takeover targets!
thx
MS
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Spot on MS. Due to complications FLX may be the last though.
michael_selway
Coal & Phosphate, thats it!
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Thats true
MCC, CEY, GCL, RSP, FLX, CNA any others? (EXL was)
thx
MS
A list of coal miners: http://www.ame.com.au/companies/co/companies.htm
Suddenly realised that this link is well out of date.
A better link: http://www.australiancoal.com.au/members.htm
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It looks well and truly like a done deal as Xstrata bid $4.75 a share for Gloucester Coal: http://www.theaustralian.news.com.au/story/0,20867,21537228-643,00.html
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Still above the offer price, so maybe there is something more to go for.
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Xstrata previously bid $4.75 a share for Gloucester Coal and the stock has traded a little above this price. The odds are quite good that an alternative offer could be made or the bid raised by Xstrata.
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The GCL share price has moved on strongly to pass $5.00 as AMCI join Noble Group and Xstrata in a bidding war: http://www.smh.com.au/news/business...gloucester-coal/2007/06/29/1182624170236.html
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Seeing the price of Gloucester Coal fall back to $4.29 after going above $5 not that long ago, it looks as if this one may be cheap in the light of improvements in coal prices. GCL has the attraction of also having reserves of hard coking coal. Xstrata are at present bidding for Gloucester despite blocking moves by other parties. A gamble, maybe, but looking good, IMHO, which ever way it goes.
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Gloucester Coal have struggled back to $5.00 as Noble Group increase their holding to 14.83%. The stock remains interesting and should move on further if Noble continues to build their stake.
michael_selway
Coal & Phosphate, thats it!
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it still has good forward numbers
Earnings and Dividends Forecast (cents per share)
2007 2008 2009 2010
EPS 22.8 24.0 49.2 67.4
DPS 14.0 14.0 25.0 36.0
thx
MS
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Marching onwards now that the great beast of Xstrata has been shaken off and sent back to Swiss pastures. $5.35 is encouraging and in this bullish coal sector and Noble Group still on the prowl, the signposts point forever North.
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Yes and this is despite serious capacity constraints at Newcastle port.
However these guys are bullish on the future of coal and are upgrading their facilities to stack more coal in the hope they will be able to get it out of Newcastle at some stage.
Onwards and Upwards.
However these guys are bullish on the future of coal and are upgrading their facilities to stack more coal in the hope they will be able to get it out of Newcastle at some stage.
Onwards and Upwards.
michael_selway
Coal & Phosphate, thats it!
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Hi yep, coal is still the best energy generator out there today
Earnings and Dividends Forecast (cents per share)
2007 2008 2009 2010
EPS 22.8 21.1 49.7 65.2
DPS 14.0 12.0 25.0 35.0
thx
MS
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After all the activity over Gloucester coal, I have come to the conclusion that, maybe, just maybe, we are nearing full value. I have now halved my remaining holding but hope they continue on upwards.
michael_selway
Coal & Phosphate, thats it!
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Hi is your "full value" of GCL currently?
thx
MS
Earnings and Dividends Forecast (cents per share)
2007 2008 2009 2010
EPS 22.8 22.1 49.7 65.2
DPS 14.0 12.0 25.0 35.0
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Hi m_s et al, Thought it best to let you know that I'm out of GCL now, and I know Noble Group may bid, but $5.47 looks a fair price. Good luck, hope it goes on up for you.
michael_selway
Coal & Phosphate, thats it!
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Oh ok, i think $6 is a fair bid, what do you think?
Earnings and Dividends Forecast (cents per share)
2007 2008 2009 2010
EPS 22.8 20.6 49.7 65.2
DPS 14.0 12.0 25.0 35.0
thx
MS
