CZA Coal Of Africa looks like its recovering from a January set back. A double bottom can be seen on the chart and SP bouncing up from the support given their.
Long term chart
Short term chart
Fundies.
A P/E of just 9.4 going into 2012 looks far too cheap to me. Im sure some will say value it on NAV, and I understand that the NAV position is very favourable.
Coal of Africa Ltd
FORECASTS 2011 2012
Date Rec Pre-tax () EPS (p) DPS (p) Pre-tax () EPS (p) DPS (p)
Evolution Securities Ltd
28-03-11 BUY 5.82 1.13 35.50 6.70
Edison Investment Research
04-03-11 None 51.89 7.06 74.42 9.65
2011 2012
Pre-tax () EPS (p) DPS (p) Pre-tax () EPS (p) DPS (p)
Consensus 26.64 3.81 53.09 8.03
1 Month Change 0.16 0.02 0.14 0.01
3 Month Change -8.79 -1.45 -1.43 0.05
GROWTH
2010 (A) 2011 (E) 2012 (E)
Norm. EPS % % 110.90%
DPS % % %
INVESTMENT RATIOS
2010 (A) 2011 (E) 2012 (E)
EBITDA -4.82m 28.74m 62.99m
EBIT -23.75m m m
Dividend Yield 0.00% % %
Dividend Cover x x x
PER -20.62x 19.89x 9.43x
PEG f f 0.08f
Net Asset Value PS 29.41p p p
Trading Outlook 16/03/2011
Outlook
Expected developments during the next reporting period include:
Clarity and resolution of the situation at Vele.
Completion of the Makhado bulk sample tests at ArcelorMittal followed by the DFS.
Commissioning of Phase 3 of the Matola Terminals upgrade during March 2011, thereby increasing CoAL's export allocation from one to three million tonnes per annum.
Increasing the production profile at the Mooiplaats Colliery to assist in meeting the port allocation referred to above.
Progress the Rio Coal Asset acquisition, including finalizing terms with potential partners.
dyor.