I initiated tactical longs on $JSEZZD ( strong ER , cheap , plenty cash conversion) and $JSETGA ( coming coal up 8,5% after Chinese mine incident). News out on both names that we deem will bring money flow. If you looking for active trade ideas and managed accounts DM me. @sharenetsa

Richard Bay Coal future down 3,00%. $JSETGA on the back foot today..

Oil and energy should be higher tomorrow #JSESOL #JSETGA

$BTU - Set to explode this week !! Surely this sector has a new pivotal part to play in the next 1-3 years now ? Coal to LNG set to be big for Asia IMO!! Back home - If $JSETGA can get RBC spot to $150 and ZAR goes over R17,00 this stock will likely print R65,00 EPS !! That’s 2 1/2 PE! However under R16,00 and coal under $90 - this stock is losing money fast!!

$JSETGA Quite a flush out in Thungela post the trading statement

Thungela $JSETGA $TGA.L just keeps proving the skeptics wrong. Today it’s up again, now 20% off the October lows :

$JSETGA - An interesting turn up but yet to properly qualify as a “ reversal “. Ukraine /Russian ongoing war is targeting Energy production again as they head into winter. Germany reported to only hold 75% of their normal Nat Gas inventory for winter… maybe Coal has another push soon ! Nat Gas has been rallying lately. Perhaps some substitute effect coming ?? Will be watching RBC Price!

Thungela $JSETGA $TGA.L - The share price is back to 2021 levels, before the Russia/Ukraine War. In October 2021 the share price was also around R74 :

Thungela $JSETGA $TGA.L - The PIC always Buy High and Sell Low. They reduced their stake to under 10% :

Thungela $JSETGA - Allan Gray increased their stake. They now own 10% :

Thungela $JSETGA down close to 6% - worst performer in the FTSE/JSE Africa All Share Index. Morgan Stanley downgraded to Underweight (previously Equal-weight). Price target cut: R65 (from R92). Says coal prices need 25% to restore free cash flow and dividend yield justification. Market is not pricing a prolonged period of low coal prices (cost-curve territory). Downgrade reflects negative cash-flow concerns and that a large coal-price rally would be required to justify today's share price.

There are 7 shares in the JSE ALSI (ex Property) trading on <7x forward P/E ratio and >7% forward implied dividend yield: Sappi $JSESAP Tsogo Sun $JSETSG Exxaro $JSEEXX ABSA $JSEABG Nedbank $JSENED Thungela $JSETGA Old Mutual $JSEOMU Sappi having a tough time!

#JSETGA $TGA.L and finally, we back in 🖤

$JSETGA - Thungela Operating Update Summary.

JSE ALSI bottomed on the 19th March 2020. Here are the best performing shares: 1. Royal Bafokeng $JSERBP (Acquired) 825% 2. Textainer $JSETXT (Acquired) 772% 3. Thungela $JSETGA (IPO'd in the chaos) 758% 4. Harmony $JSEHAR 749% 5. OUTsurance $JSEOUT (Previously RMI) 714%

$JSETGA - Interesting. Market-makers dipping into liquidity maybe?

Thungela worth a stab at this level if a false break below support #JSETGA

Thungela $JSETGA jumped over 8% on their results! Major focus on the strong than expected final dividend coupled with a R300 million share buyback announcement. Not sure how sustainable given the lower profitability going forward (if coal prices remain under pressure).

Thungela $JSETGA FY2025 results out this morning and the market likes it! - Revenue R35.55 billion, 16% y/y, estimate R35 billion - Pretax profit R5.00 billion, -31% y/y, estimate R5.22 billion - Net income R3.59 billion, -30% y/y - Dividend per share R13.00, estimate R11.94

The coal price. Potential leverage from these levels. $JSEEXX $JSETGA