Added to YB: 2026-03-09
Pitch date: 2026-03-06
TGA.L [neutral]
Thungela Resources Limited
-2.65%
current return
Author Info
The Oak Bloke shares analysis of the UK stock market, particularly overlooked small caps. Sign up for the newsletter.
Company Info
Thungela Resources Limited engages in the mining and production of thermal coal in South Africa and Australia.
Market Cap
ZAR 17.0B
Pitch Price
ZAR 160.30
Price Target
N/A
Dividend
9.86%
EV/EBITDA
2.14
P/E
6.87
EV/Sales
0.30
Sector
Oil, Gas and Consumable Fuels
Category
growth
Calling Time on TGA & its replacement the mysterious UK-listed Precious Metals idea
TGA.L (exited position): Exited at 650p for 75.7% gain. Despite improved coal outlook, $132.90 coal price + R8.8bn impairment (R53.50-R56.00 loss/share on softer prices & stronger ZAR/AUD) = profit-taking. £1,755 proceeds recycled into SRSA ETF: 28% gold, 13% PGM, plus SA financials (18-22% ROE), staples, comms. SA economy benefits from precious metals boom; improving outlook (1.6% 2026 growth), ended load shedding via energy privatization/solar buildout.
Read full article (2 min)