The buzz
06 Jun 2016
Still Looking Good Another good set of rises for thermal coal at Newcastle (S Africa):-[link] rise today - 4.51-5.1p - trading quietened down a bit now - not that the value of the transactions is really significant in terms of the size of the company. last buy was at 4.982p, but had been up to 5.4p for one purchase. I am holding for now as I suspect that further surges above 5p are quite possible - not to mention the intrinsic value of the company - especially with the improving market for coal. I also noted that the S African rand has not been down graded to junk status in the recent review by credit rating agencies.The B
HPC Follower
02 Jun 2016
Re: Top Sliced I top-sliced when the shares jumped above 7p, and topped up again below 3p as you did.Personally, I am holding now as I don't see the present increases as a "spike" on news (like a bid for the company) but strengthening as the CZA deal with Universal is closed and production gets closer.Nevertheless, it is good to have one stock holding in profit, so I can top-slice should another opportunity arise. Could buy more GKP or AST at current lows, but the risks are still much higher than holding in CZA.
The buzz
02 Jun 2016
Top Sliced Just sold 40k at 4.5625p. Spread now 4.5-4.75p. Not a reflection of what the company is worth, more a bit of caution to bag a bit of profit while the going is good. After all they cost less than 3p a share (soon earlier postings) just a few days ago.The other important news is the high Indian GDP - that will drive coal demand.Trading still active and still 4.5-4.75p.The B
2bozmo
01 Jun 2016
Re: Universal Four major Chinese coal companies to raise prices. The companies are Shenua, China Coal Energy, Datong and Inner Mongolia Yital. Coal imported at the QHD port in Hebei is expected to see a price rise from the current 376 yuan to 450 yuan per tonne. This is all said to be part of the Chinese government’s plans to cut coal production and stabilize the coal market. (Source China daily)
The buzz
01 Jun 2016
Re: Universal Plus the price of thermal coal for delivery next year continues to rise, no doubt helped by he continued strength of the price of oil eg:-[link] find the share price swings a bit odd - I was able to buy loads at a bargain price just a few days ago, and now the price has significantly bounced.The B
hedger123
01 Jun 2016
Universal Market seemed a little slow on the uptake yesterday that subscription deals ultimate means UC deal to be completed on 24 June. Happy for slow grind higher as company re-rates from explorer to producer.
The buzz
31 May 2016
On the Move Not shown yet by iii but spread now 3.26-3.75p. (or 3.26-3.6p - depending where you get your live quote from).Perhaps the news from today's RNS is filtering through? Mosly modest buys with the occasional sell.The B
nat-king-coal
23 May 2016
Re: Hengshun Today Mmmmmm
nat-king-coal
20 May 2016
Re: Hengshun News on the way (Good news obviously) Have a good week all can't wait for monday
The buzz
20 May 2016
Re: Hengshun Lots of activity - now 3.36-3.75p - lots of buys. Someone knows something?The B
The buzz
20 May 2016
Re: Hengshun Something might be up - not shown in iii quotes yet but current price is 3-3.24p and some useful buys going through. To buy 80k at the moment is 3.2p. Somewhat up on the price I paid only a short time ago.The B
hedger123
20 May 2016
Hengshun Trading halted on Hengshun Zhongsheng Group Co ahead of announcement. Has our deal been done? David Brown currently in China so possible...time to buy a few ahead of weekend!
The buzz
18 May 2016
Re: Topped Up Today the spread shrank a bit. Nominall 2,7-3,24p. Actual quotes for sale and buy of 80k shares per share were:-sell 2.835pbuy 2.94pDecided to buy another 80k shares. Bought on ICAP S and D Exchange so not shown on the iii list of trades.Just checked again and the buy price for 80k shares is still 2.94p a share.I had checked to see that the price of thermal coal was still rising and now wait for the hoped for bounce when the big deal goes through.The B
The buzz
17 May 2016
Re: Topped Up Spread is 2.5-3.24pDummy sell 80k was 2.722pDummy buy 80k was 2.97p (was 2.875p yesterday).I think that the spread is a bit too wide - I suspect that the sell price is a bit on the pessimistic side.Coal price still looking good and oil up again. The wild fires in Canada (moving nearer the workers' site) must be helping the price a bit.The B
The buzz
16 May 2016
Re: Topped Up Just had a look at thermal coal price - eg a year from now:-[link] all looks good with a continued steady increase in price. Crucially each $1 increase in price goes straight into profit (reduce loss!). I cannot remember off hand the latest production costs for Vele after the most recent mine upgrades - but it must be getting progressively more viable to restart production.As to the share price - deals will be more viable in my view with a higher price for coal. It makes it much easier to borrow (and make) money. So any further weakness in share price could well be a time to top up further. I suspect that some term buyers pushed the price up and some long term sellers sold - so with the short term sellers moving out, there may be a few shares floating around - so once they have gone I am hoping for a share price bounce. .. but I could be wrong.. again!The B
