- Joined
- 2 February 2006
- Posts
- 14,009
- Reactions
- 2,894
Hi m_s, Yes! I have a certain way of putting it, a form of poetic code that makes you wonder if I did or not.
Hi m_s, Yes! I have a certain way of putting it, a form of poetic code that makes you wonder if I did or not.Hi so you mean you are back in GCL?
thx MS
Hi m_s, Yes! I have a certain way of putting it, a form of poetic code that makes you wonder if I did or not.
It appears that GCL has recieved some good publicity lately - mentioned in Samrt Investor, and was there a positive report from UBS? Hadn't come across this stock until yesterday. Look promising?
May 22 (Bloomberg) -- Gloucester Coal Ltd. rose to its highest in more than 11 years in Sydney trading after UBS AG said it's the ``best value'' coal stock in Australia as takeovers increase.
Gloucester has the most ``upside potential'' based on valuations used in ArcelorMittal's A$631 million ($608 million) purchase this week of a 14.9 percent stake in rival producer Macarthur Coal Ltd., UBS analysts led by Sydney-based Glyn Lawcock said in a report. The bank said Felix Resources Ltd. is its other ``key pick'' in the sector.
Acquisitions of coal and iron-ore assets in Australia, the world's largest exporter of the steelmaking materials, will rise as makers of the alloy try to reduce costs, UBS said. Lakshmi Mittal's ArcelorMittal, the world's biggest steelmaker, is in talks with Macarthur that may lead to a A$4.2 billion takeover.
``We expect there to be further consolidation within the sector as steel producers globally recognize the increasing importance of securing supplies of iron ore, coal and manganese,'' Lawcock said in the report dated yesterday.
Gloucester rose A$1.20, or 11 percent, to A$12.00 at the 4:10 p.m. Sydney time close on the Australian stock exchange, the highest since November 1996. Felix rose 2.8 percent to A$18.70.
Output Breakdown
Gloucester's output is comprised of about 60 percent thermal coal, used in power stations, and 40 percent coking coal, used to make steel, UBS said. Steel producers may be more interested in buying coking-coal producers to secure supply, the report said.
Noble Group Ltd. owns a 19.7 percent stake in Gloucester and could block any takeover, UBS also said.
Potential acquirers of Australian iron-ore companies will seek those with access to infrastructure such as port and rail, UBS said. Favored stocks include Fortescue Metals Group Ltd., Mt. Gibson Iron Ltd., Murchison Metals Ltd., Atlas Iron Ltd., BC Iron Ltd. and Brockman Resources Ltd., the report said.
To contact the reporter on this story: Jesse Riseborough in Melbourne at jriseborough@bloomberg.net
After recent declines and taking into account that Gloucester Coal is Merril Lynch's most favoured coal stock, in Australia. I've decided that increasing my holding was a reasonable bet. The semi-hard coking coal available at Gloucester is excellent for a relativaly small miner.
Nice, did you pick up any other coalies last week?
thx MS
The price still continues to fall but I remain very confident in GCL. Added even more stock as the semi-hard coking coal agreement at US$300 per tonne should see profits rocket for 2009.Added a few more shares on the back of the promising situation at Felix resources. The fall back in the share price may well have been overdone.
Looking good are Gloucester Coal in this Australian Coal Summit report: http://www.asx.com.au/asxpdf/20080903/pdf/31c38rryxqprrf.pdf
http://www.gloucestercoal.com.au
Date: 28/8/2008
Author: Sarah-Jane Tasker
Source: The Australian --- Page: 22
Australian-listed mining group Gloucester Coal has recorded a 2007-08 net profitof $A23.4m that was up 30%. The main factor was the price rise of more than 270%the company had gained from Japanese coking coal buyers. Experts however notethat the long-term forecast for output from Gloucester's mine assets isuncertain, while infrastructure bottlenecks at the Newcastle coal shipping portare also retarding export growth. CEO Rob Lord says production is to be boostedby 800,000 tonnes to four million annually
Gloucester tips a five-fold rise with coke a hit
Back
Date: 28/8/2008
Author: Jamie Freed
Source: The Sydney Morning Herald --- Page: 30
Australian-listed Gloucester Coal has posted a 2007-08 profit of $A23.4m, whichis 30 per cent higher than previously. The coal miner benefited from a six percent increase in sales of semi-hard coking coal, although its overall coaloutput fell by 12 per cent. Meanwhile, the cost of its project to expandproduction at its New South Wales mine has increased by 10 per cent, to $A33m.CEO Rob Lord says the expansion should be completed on schedule in late 2009.Shareholders will receive a final dividend of $A0.16 per share, fully franked
Date: 28/8/2008
Author: Michael Vaughan
Source: The Australian Financial Review --- Page: 21
The shareholders of Gloucester Coal have benefited from its good results. It hasincreased net profit after tax by 30 per cent to $A23.4 million for 2007-08, dueto increased production and higher coal prices. Earnings per share are $A0.288and it will return a total of $A0.21 to shareholders
Hi m_s, The chart does tell a story as to the amount of aggregate being mixed into the ROM coal mined. Xstrata have now closed their open-cut mine at Ulan and now have a longwall operation only. So the chart forward to 2009 will reduce the operation at Ulan by about 40%, unless they solve their dispute with Felix Resources.
GCL are looking good for 2009 and profits forward into 2010 should bounce to around EBITDA $250 million on 4mtpa. 2009 has a mixed development cost factor but should still reach $130 million.
GCL are good payers of dividends which should reach 50 cents in 2009 and $1 in 2010.
OK, yes, I bought more too soon, and resisted buying more yesterday. Will probably buy some more this morning or maybe not. The markets can be very confusing and it's is certainly difficult to buy more when the knife is falling.closed at $4.49 today forecast earnings of 76 and $1 plus for 2010 make this compelling research.
resisted several urges to dip my toe in the water and glad i have done so.Im only looking at stocks now that forecast returns above 20% !!!
gee whiz $3.90 Im going yo have to buy a small amount and see if it drops lower.This market is presenting some wonderful opportunities for those who can hold their nerve. There is no logic for this other than people want their money out of shares.
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?