RJB's reasons to be cheerful
Article Abstract:
RJB Mining saw a drop in its stock price after news that PowerGen had signed contracts to buy coal from two other UK suppliers. RJB's contracts expire in spring 1998 but the company should still be supplying electricity generators from that date. The price at which coal is supplied is more uncertain. The company has performed well in terms of sales, and should be helped by limits of the ability of UK ports to deal with coal imports. The company may not achieve a target of a pre-tax profit of 220 million pounds sterling for 1999, but should achieve at least 150 million pounds.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1997
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Digging for shells
Article Abstract:
Bisichi Mining has been a mining investments and real estate company whch has moved back into diret mining. The company holds a 62.5% stake in a South African coal mine, the Black Wattle Colliery. There is also a retail portfolio which is fully let and with a value of 5.9 million pounds sterling. Bisichi has a strong balance sheet and has undervalued assets, though there is a problem of lack of marketability for the stocks which are not worth buying if they rise very high.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1997
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Rackwood looks to bigger pickings
Article Abstract:
Rackwood Mineral has been givn planning permission to mine at a site near Cumnock, Ayreshire, UK. The company sells over four fifths of its coal to UK generators and has contracts lasting until Mar 1998 with PowerGen and National Power. Rackwood is likely to announce a further supply agreement with PowerGen in Jul 1996. The company's profit is forecast at 2 million pounds sterling for 1996, rising to 2.6 million for 1997, according to Greig Middleton.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1996
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