Despite lowering guidance due to rail network issues, Thungela’s (TGA.LN) shares rose due to hefty dividend.
As reported by Bloomberg:
“The coal spinoff from Anglo American Plc lowered its export guidance this year even as coal prices soared to records, because state-owned freight company Transnet SOC Ltd. is unable to move sufficient volumes by rail. South Africa’s railroad network is increasingly being hit by cable theft and a shortage of locomotives, forcing Thungela to cut production.”
Link to article is here, and below:
If you cannot bypass the paywall, be sure to read the Tools & Resources page for help.
Recent Posts___________________________________________________________________
Qatar LNG Disruption Raises Winter Gas Risks — and Gives Coal a Near-Term Tailwind
TCT Admin
July 2, 2026
Read More »
Met Coal: Seasonal Demand Softens, But Global Supply Constraints Remain Intact
TCT Admin
June 26, 2026
Read More »
The price action post earnings is productive, given the lowered guidance. I’m not sure how I feel about management looking for acquisition opportunities, can’t say I like it to be honest. Stock has been a tremendous performer and remains undervalued, but I’m beginning to have qualms.