Buy on weakness .... after 1st tranche PP done on 12/8 ..... bonus issue will be on the way soon and sooner ......

Last call for buying ..... so next week the only thing u need to do is buy popcorn and watch show .....

Today Masteel is doing good job even PP shares quoted on today, think after 12th, mostly likely will break 1.50 soon ......

The only steel counter that I am holding since limited capital.

2nd tranche of PP condition will be different I think, 1st tranche is by serving notice from Macq, 2nd tranche will be from Masteel if not wrong ..... for 2nd tranche PP, price think will push above 1.50.

Just hold tight .... hope can reach TP 1.50 soon .....

Buy ...... last call ..... don't miss before big surge

Charles, actually you want it down or up ? very confusing ....

By the way, it will push up at least 0.23 today

mom will cross over 1.20 today, hold tight

Today will cross over 0.23 hold tight your seat.

just logged in my PC, sold some at 0.21 and locked in contra gain again.

Usd fall is good for PWF following qtrs will be good ....

Usd dollar fall will be good for commodity and gold price this will further push gold price to 1350 soon and sooner .... tomei and poh kong will rocket further

Meta coke price need to average per qtr previously i used average 2nd grade price .... recently surge above 2300. Think will cross above 2400 soon .... China autumn and winter time is when .....

Think use 1st grade price will be appropriate .... anyway difference in spread is around that 850 to 950

Meta coke 1st grade is about 2375 .... 2nd grade need to minus 200 to 250

Dont worry on this ..... to further up .... public shareholding spread must be controlled in majority in first stage ..... dont shake up when price below or 0.205, hold tight .... show might be started back again at anytime.

Cheer all.

Paperplane dont worry your one only 1% sup sup sui ..... tomorrow you in another 10% loh sure limit up ....

Eagle yup itchy hand ... haha .... it is ok picked up my shares full already

Here cannot talk nonsense with you .... nonsense think must talk in back room ... thanks for chat with me

For your reference,

Shaanxi Coal Industry Co Ltd
Share price as at 30/12/2016 4.84
Share price as at today 8.68

Shanxi Antai Group Co., Ltd
Share price as at 28/4/2017 3.45
Today price 4.45

There still have more room for coal and coke price to rise further.

Your Padini is doing great today ..... congrat .... sad .... my one stucked .....tomorrow maybe charcoal liao ....

hi eagle, stucked in Coca-Cola liao ....

众人皆喜，唯独我焦悴。

Buy ..................................

Buy ............................................

Regarding the cost, estimate the following cost involve:

1) Coal (this is the main cost, 55-65%)
2) Oil for mixture for density purpose
3) Water for mixture for density purpose, to cool off when coke is being made and out of oven, to reduce the dust generated from coal
4) Equipment maintenance (replace oven batteries, belt, equipment parts)
5) Electricity
6) Staff costs
7) Directors remuneration
8) Cleaning, safety and healthy compliance costs
9) Amortisation, depreciation
10) Others

There is no taxation involved at this moment since there is losses c/f for offsetting if not wrong.

For item no 2 to 10, I will still use 70 million as a temporary estimation until further info being extracted.

For capacity run, think sister companies in the group all due to withdrawal of lease terms and started business in somewhere maybe Feb-Mar this year. So not all ovens are in full run or at 70% regular utilization. Capacity wise will return back to 300,000 tonnes per quarter.

will surge to 1.50 soon ... hold tight ..... the next qtr result will be very fantastic

Astino TP: 1.50 ..... again time to buy in before big surge up soon ...

thanks for oldman support.

Good time in afternoon or tomorrow you can harvest liao.

Accumulate opportunity, next push is to 0.70.

today sure will fly sky high, hold tight your seat

Time to buy in ..... buy before surge

Anyway if other cost not that high, production capacity increases and metallurgical coke price increase, next qtr should be better.

While GP is ard 10% (so other cost/expenses included in cost of sales is ard 30%)

This is what I want to point out what is the other cost 30%+- consists of ? this is not only 4 million figures ... whether due to utility cost, manpower cost, equipment maintenance, regulation compliance cost, depreciation and amortisation, etc.

Qtr 1 operation is started from March or when ? Besides qtr 1 got leasing rental .... I did not use qtr 1 since this is not full qtr, but the way cost of sales normally is about 55-65%, this also applies to steel.

70 million I still not figures out yet, since not much info, 4 million may not be that low, if running full force of manpower, equipment maintenance, this maybe will higher than this, amortization, depreciation and director remuneration and staff costs already more than this.

But anyway main issue is the running capacity that affect the bottomline. But I still think will run 300,000 tonnes for this coming qtr.

Thanks for discussion.

Thanks for Charles update, forgot about qtr report details.

For metallurgical coke price, around that qtr is about 1,650 for 1st grade and 1,400-1,450 for 2nd grade, maybe I wrongly average, will use 1,968 for that qtr, then 2,250-2,350 for next qtr.

Cost of sales (as per qtr report) is about 214,000 x RMB1,167 x 0.63 = RM159 million, not RM233 m, anyway operating expenses at 74 m think a bit of unreasonable, still cant figure what consist. of.

Will re-adjust and come back to revised calculation using amended production capacity.

sold N2N-wa at 0.585 (brought at 0.43) locked in gain first.

N2N really strong today, but already q and sold.

Albukhary you not sleep yet ??? had to come out calculation first to convince people first ....

Wish tomorrow a better day for Huaan and us. Talk you tomorrow. Good nite.

What will be the next qtr result ? Just assumption and may have some deviation.

Capacity: 1.8 million tonne.
Estimated annual utilization of capacity: 70% or 1.26 million - let's say 1.2 million (1.2 million is to produce 2.5 to 3 million tonne pig iron/iron, think this 1.2 million is sufficient to satisfy the Shandong sister company requirement, assume only).

Qtrly utilization is about 1.2 million tonne /4 = 300,000 tonne
Operating expenses = 70 million (assume, maybe less)

Apr-Jun 17 results
Revenue = 300,000 x 1,400 (2nd grade price) x 0.63 = 264 million
Cost of sales = 264 m x 0.65 = 171.6 million
Operating expenses = 70 million
Profit = 264 - 172 - 70 = 22 million
EPS is 22 /1122 = 0.02

Jul-Sep 17 results
Revenue = 300,000 x 2,000 (2nd grade price) x 0.65 = 390 million
Cost of sales = 390 m x 0.65 = 253.5 m
Operating expenses = 70 million
Profit = 390 - 254 - 70 = 66 million
EPS is 66 /1122 = 0.06
(this assumes full operation and running capacity at 70%).

So 2 qtrs EPS = 0.02 + 0.06 = 0.08 x 10 PE ratio = 0.80

TP is about 80 cents without including another 2 qtrs. Giving discount of 50%, TP still can get 0.40.

So worth to buy at this level or not.

Just nonsense sharing.

Lunch now, thanks for discussion.

Cheers.

Regarding the margin, this might not be maintain at same % and maybe fluctuate in single digit % due to following:

- coal inventory price will use previous purchase price
- coke selling price may reflect recent market price
- supply to sister company will reflect higher selling price and lower coal price and taxation being transferred to absorb Huaan losses c/f.

Anyway cost of sales likely to be 55% - 65% in between fluctuate. Please note this may deviate slightly for some by products. Anyway, margin cannot be same if the inventory cost fluctuate and/or selling price fluctuate and it depends on: 1) whether can pass by to customer 2) whether there is fixed pricing terms (either 3 months, 1 month, etc.) or hedging on advanced pricing, 3) etc.

The total production capacity if not wrong is about 1.8 million tonnes, Huan is among the top 50 for supplying coke.

For bottomline, the most they sales the coke, the bottomline will be increased, and therefore EPS will also be increased. Price will then reflect based on their current or expected EPS.

Just drop a message, buy before surge again.

Cheers.

China coal reserves supplies about more than 80%, North Korea about 10-20% if memory not wrong, whether there is any import from Australia, not quite sure. Anyway China, got sufficient coal reserves for steel production.

Coal reserves is mostly at area in Shandong, Shanxi, Hebei, etc. there is why Linyi Yehua is located. Coal need to be produced and timely to supply for steel making, so location should be nearby.

Actually the main issue is not on this, is whether the sister company need their coke to support their steel production or not and whether to regularize their company status by early of next year.

And most importantly, the motive of the behind shareholders to push the share price. Will this stop at 0.20 now or their intention is much higher ? There should be some logic behind this.

Just my nonsense sharing. Will this affect on shares investment you if this is not big 4 auditors or you can take a risk on this current price ?

Messr is public accounting firm, in partnership status, but this year some partnership had changed to LLP. Paperplane you don't know auditing thing ?

Last chance to collect cheap, after that no more below 0.205 ...

Luckily this time paperplane not kacau Huaan like last time kacau Hengyuan when about 5+-, comment so far not negative, you on board on Huaan ?

Top up ..... Afternoon will return to yesterday closing price

Just google search some websites.

http://finance.sina.com.cn/futures/quotes/J0.shtml
Think should be for 1st grade coke price.

http://www.100ppi.com/vane/detail-346.html
This one is Chinese version as similar to JackMa123 English version, this is the price for second grade metallurgical coke price.

As at June 2017, the price is about 1,600+-, now the price is about 2,100 to 2,300. 1st grade and 2nd grade difference is about 200+-. So if price increased significantly, do you think coking coal supplies will face financial difficulties ?

For Thermal coal, price is quite stagnant for this year.

Just a remark China did force closure of coal mines if not wrong most focus on thermal coal that used for energy or electricity producing. You will see those in Jiangshu area including Yangzhou. And government encourage to use other as subsitute to replace thermal coal for energy produce.

For steel making this uses coking coal. Recently there is increasing of steel construction activities so dont think this will slow down on coking coal processing.

Greencat i think the new may not relevant besides you mentioned is small medium size coal company and thermal coal or coking coal.

Recently there is some shut down or closure of coal factory and this mainly on those not compliance with goverment regulation for pollution control and government plan to consolidate all those coal factory under big firms. I doubt big coal firm especially those listed one got facing closurd issues some more recent qtr there showing big jump in results.

You know Shandong who supply coking coals ? Besides Huaan is coking process company .... as long there is coal supplies to Linyi Yehua then there should be no issue on this.

AnnH, sad to hear that, god bless him and wish and pray that he will be recovered soon from the accident. Last time apanama quite active in HSI-HQ forum, really sad to hear on this.

Thanks.

Today volume finally cross over last trading volume, to me is a good sign ...