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
Hi M_S et al, $6 now looks cheap, and I would not be surprised if this one strode on to $7 next week - only my guess by the way and on the back of spiralling coal prices on Friday. I bought a small amount of stock early on Friday, far too late really. Possibly the best pure coal stock left this side of the Great Divide, IMHO.
yes one of the cheapest coal stocks out there with ok yield!
Earnings and Dividends Forecast (cents per share)
2007 2008 2009 2010
EPS 22.8 22.0 64.4 99.3
DPS 14.0 11.3 30.8 44.5
thx MS
Now through $7.00 and closed at $7.32, up 11 cents. Coal sales set for 2.8mtpa in 2009/10. Coking coal sales well up in last quarter and company playing catchup in second half on thermal coal sales out of Newcastle.Taking a while to achieve the $7.00 mark but should get there, hopefully. Noble Group remains the big factor here and further interest is needed. SIA Funds hold 5.65% now.
Quarterly Report: http://www.asx.com.au/asxpdf/20080129/pdf/3174cgg5nvgz91.pdf
Look ontrack for 1.8 million tonnes of sales despite shipping problems out of Newcastle.
Glocester Coal and Felix Resources are tipped in this video broadcast by CNBC on 7th Feb 2008: http://www.cnbc.com/id/15840232?video=641607231&play=1
Hi m_s, Felix have had heavier development costs on Minerva and Ashton U/G, and Moolarben to come. Aiming for up to 13 mtpa against GCL's 2.8 mtpa.Thanks Noirua, and it said FLX has a little more risk because of debt, maybe thats why FLX fell a bit today!
thx MBEarnings and Dividends Forecast (cents per share)
2007 2008 2009 2010
EPS 22.8 20.7 111.4 120.7
DPS 14.0 10.0 26.0 54.0
Possibly the best pure coal stock left this side of the Great Divide, IMHO.
I agree.
Only lately have started analysing the coal stocks (may have missed the run.....?). At least in the short-term.
But I agree with this statement, best coal stock I could find on the ASX!
Any thoughts where this one may be moving in the short and long term?
Short-term, Im not a fan, doesnt look the best technically. Fundamentally looks like a solid company from my quick analysis and could be a real gem longer term.
Hm may have missed the run?
Hm GCL went up when most things went down big today!
Earnings and Dividends Forecast (cents per share)
2007 2008 2009 2010
EPS 22.8 24.3 104.0 128.9
DPS 14.0 12.0 36.5 52.0
thx
MS
All coal stocks just got clobbered. Was long MCC myself and my stop got hit too. CEY also well down.
All coal stocks just got clobbered. Was long MCC myself and my stop got hit too. CEY also well down.
A change of track here as I dive back into Gloucester Coal on the back of the semi-hard coking coal find.
http://www.asx.com.au/asxpdf/20080501/pdf/318x1pbv6gr9gp.pdf
Date: 29/4/2008
Author: Jamie Freed
Source: The Sydney Morning Herald --- Page: 23
New South Wales miner Gloucester Coal is considering partnerships in order tohelp it secure a higher price for its thermal coal. Gloucester MD, Rob Lord,said it will investigate whether there are partnership opportunities to blendits lower-quality thermal coal to extract a higher value from the resource. Thecompany is believed to have had preliminary talks with potential blendingpartners including Noble Group and American Metals & Coal International, itstwo largest shareholders. Ongoing infrastructure restraints meantGloucester's production in the March 2008 quarter declined 19% to 439,000tonnes compared with the previous corresponding period
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