Added to YB: 2026-07-03
Pitch date: 2026-07-01
TGA.L [neutral]
Thungela Resources Limited
Author Info
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Company Info
Thungela Resources Limited engages in the mining and production of thermal coal in South Africa and Australia.
Market Cap
ZAR 11.7B
Pitch Price
N/A
Price Target
N/A
Dividend
4.35%
EV/EBITDA
3.80
P/E
-1.68
EV/Sales
0.20
Sector
Oil, Gas and Consumable Fuels
Category
value
Catch a TGA by the tail
TGA.L (update): Coal miner down after 30/6/26 update; 1H26 est £47.9m underlying op profit + ~£96m exceptional gains (FX hedge, Kleinkopje credit). £271m cash vs £533m mkt cap. Australia hit by 13.9% Newcastle discount/legacy contracts renewing 2H26; Zibulo North Shaft ramps. Potential £60m div = 11% yield. Results early Aug.
Read full article (4 min)