Ann: TIG December 2018 Quarterly Report and Appendix 5B, page-3

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moorookamick

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31/01/19

13:48

Post #: 37281565
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Originally posted by moorookamick: ↑

Here' my take:
(a) That sales receipts were 26.762 mil AUD despite lower sales volume (above prediction)
(b) 12 month revenue was $54.396 mil (higher than expected)
(c) That 393.3 k ton of coal was sold (lower than expected)
(d) Average price/ton was $138.3 Aud/Ton...$40/ton AUD more than last year
(e) Line of credit for RU900 mil acquired in Dec (should have been reported to the market because it is likely price sensitive, IMO.)
(f) Former bank loan paid off in full
(g) 267.1 K ton in stockpile @ 31sr Dec....a good jumpstart for next shipping season
(h) 750K ton production forecast for 2109....port had a capacity of 700K ton per season in the past.

So in summary, there is some disappointment, IMO, re the sales volume but that is significantly outweighed by the premium price achieved/ton; but all in all a good result, IMO.
TIG has to get firing now in stockpiling at the port in case of adverse weather later
Perhaps Bruce will pick up a few more cheap shares until Mr Market starts to adjust SP to forward fundamentals
If TIG can sell/ship 700K ton this year , then we could be well looking at margins in excess of $48 mil AUD, IMO
which should see the SP advance to 15c on a P/E of 6

All IMO, only and investors should do their own DD & consult a financial planner before making any investment decision
Cheers
Moorookamick

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PS: 900 mil RU = $18.9 AUD; $4 mil more that last year's bank loan.

TIG Price at posting: 3.7¢ Sentiment: Buy Disclosure: Held
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Ann: TIG December 2018 Quarterly Report and Appendix 5B, page-3

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Ann: TIG December 2018 Quarterly Report and Appendix 5B, page-3

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