JPMorgan Cazenove included Coal of Africa in their Top Picks list for 2010
Brief reasons :
Coal of Africa Attractive valuation with catalysts approaching
Strong earnings momentum from rising coal prices (NPV gearing coking 3:1 and thermal 0.4:1).
New mining rights for Vele and first production of high-quality thermal coal at Mooiplaats imminent.
NuCoal acquisition should provide strong CF for growth. Trading at a discount to conservative NPV.
Morgan Stanley also recently Initiated Coverage with a Bull Case scenario target of 380p ($7+ ?)
http://robson1974.webs.com/coal%20of%20africa/cza%20ms%20sep%202009.jpg
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4.5¢ |
Change
-0.009(16.7%) |
Mkt cap ! $18.63M |
Open | High | Low | Value | Volume |
5.0¢ | 5.0¢ | 4.5¢ | $21.61K | 435.7K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 50000 | 4.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
4.2¢ | 599721 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 50000 | 0.040 |
1 | 50000 | 0.035 |
1 | 20000 | 0.033 |
1 | 150000 | 0.031 |
1 | 1170443 | 0.028 |
Price($) | Vol. | No. |
---|---|---|
0.044 | 10000 | 1 |
0.070 | 3000 | 1 |
0.140 | 4609 | 1 |
0.160 | 15000 | 2 |
0.180 | 12760 | 1 |
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