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TGA at R107.43 is trading at a decent discount to Exxaro on a forward earnings basis, though the dividend yield gap has tightened considerably as coal demand remains lumpy. The margin profile is what separates them: Thungela's cost structure gives it more downside protection if t
TGA at R101.08 trades at a meaningful discount to its thermal coal peer Exxaro on both P/E and dividend yield, which makes sense given Thungela's higher leverage and smaller scale, but the spread feels wide if you believe coal prices hold up through the cycle. The real question i
TGA up a percent on what exactly. Coal demand narrative is getting long in the tooth and that 1.02% pop looks like shorts covering before earnings rather than genuine conviction. At these valuations the downside risk still outweighs the upside when you factor in the energy transi
TGA grinding higher at R92.50, up just over a percent on what looks like steady demand signals from the power crisis keeping coal in favour.
TGA sitting at R92 but coal demand story is getting thinner, especially with eskom's renewable push. thermal coal export prices holding up for now but that's the only thing keeping the margin decent. long term this is a shrinking pie unless they nail cost discipline hard.
coal demand staying strong internationally but eskom keeps dragging locally. tga closing at r92.02 is decent given how much thermal coal margins have tightened this year. if they keep the dividend flowing and don't get hammered by rand weakness it's a hold at these levels, but honestly the domestic market is just too messy right now.
tga sitting at R92.02 and coal demand is still there, especially with eskom's mess. problem is rand strength kills export margins when it spikes. if you're holding for the dividend and long term play on local supply tightness it makes sense, but short term it's choppy depending on what happens with power stations.
TGA getting hammered down 5.61% today, probably on broader coal weakness or some sector rotation out of commodities. At these levels the dividend yield is looking tasty if you've got the stomach for coal volatility, but the headwind is real unless thermal demand picks up.
coal price holding up but TGA balance sheet still underwater from the debt they took on, reckon they need eskom to actually pay their invoices on time for once. if you're holding long term you're betting on thermal coal staying relevant which is a tough one mate.
TGA's been getting smashed lately but the coal story isn't dead yet, especially with load-shedding keeping demand up locally. At R117.28 though, the valuation looks more reasonable than it did at the peaks. I reckon if they can keep their export volumes steady and rand weakness helps margins, there's meat on the bone for patient holders. Just don't expect fireworks while coal sentiment stays this cold globally lol.
TGA up 5% today on the back of coal prices holding firm, and it's trading at a decent discount to Exxaro on a P/E basis even though both are riding the same thermal coal wave. The dividend yield on TGA is looking thicker than most of its peers right now, but the sector's still go
TGA up 5% today on what looks like thermal coal demand holding up better than expected. At current levels the dividend yield is starting to look interesting for income investors, though you need to watch the coking coal spread closely because that's where the real margins sit.
coal is dead long term, eskom keeps choking on load shedding so domestic demand is weak and nobody wants thermal coal exports anymore. tga's got decent cash but the runway isn't infinite if prices stay where they are. better plays in the sector but this isn't a bankruptcy watch yet.
Coal prices have been getting smashed on global slowdown fears and that's dragging TGA down with it, but the rand weakness is actually helping export margins when you do the math. Long-term view hasn't changed, eish, just annoying to watch when everything's risk-off.
Coal cycle still has legs, eskom demand isn't going away and export prices holding up better than people think. TGA's capex light compared to peers, cash generation solid. R140 is interesting if you're patient on the catalysts ahead, risk reward compelling at these levels.
Coal's still got legs ngl, eskom needs the stuff and internationally prices aint collapsing like they were. TGA's pulling decent margins at these levels even with rand weakness. Not selling at R140.60, good day to top up imo.
Current R 96,22 — 50% of range
Fundamentals sourced from JSE disclosures. Updated quarterly.