The current Thungela Resources share price is R13.51. This is a decrease of 0.64% from the previous close of R13.59.
It’s been a tough year for Thungela Resources (LSE: TGA), with the share price down by around 60% since the start of 2016. However, there are signs that things could be starting to turn around for the South African coal miner.
The company’s share price has risen by around 20% since the start of December, and this appears to be in response to two key developments.
Firstly, it was announced that Thungela had secured $200 million of funding from China Development Bank. This will enable it to restart operations at its idle mines and also develop new projects. Secondly, Glencore (LSE: GLEN) – which is one of Thungela’s largest customers – said that it expects global demand for thermal coal to increase in 2017.
This should provide a boost to prices and volumes sold by Thungela next year.
So, while things have been tough recently for Thungela, there are reasons to be optimistic about its future prospects. With shares trading on a forward P/E ratio of just 4.4, now could be an opportune time for long-term investors to buy into the stock.
Sasol Share Price
Sasol’s share price has been on a rollercoaster ride over the past year. After peaking at over R800 per share in early 2018, the share price plummeted to below R400 per share by October of that year. However, Sasol has since staged a recovery and the share price is now hovering around the R600 mark.
So what’s behind these movements in Sasol’s share price? Let’s take a closer look.
The main driver of Sasol’s share price is obviously the oil price.
As a major producer of synthetic fuels, Sasol is very sensitive to changes in the oil price. When oil prices are high, Sasol’s profits and share price tend to rise accordingly. Conversely, when oil prices fall, so does Sasol’s profitability and share price.
The other key factor impacting Sasol’sshareprice is production issues at its flagship Oryx gas-to-liquids (GTL) plant in Qatar. The plant has been beset by problems since it started up in 2014, leading to repeated production disruptions and cost blowouts. These issues have weighed heavily on Sasol’s bottom line and shareholder confidence in the company.
Looking forward, it seems likely that both oil prices and production issues at Oryx will continue to be major drivers of Sasol’sshareprice . So shareholders should brace themselves for more volatility in the months ahead!
Credit: www.cmcmarkets.com
How Has Thungela’S Share Price Performed Over Time
Thungela’s share price has been on a steady decline since the company went public in 2015. The company’s stock peaked at $4.50 per share in early 2016, but has since fallen to less than $1 per share. Thungela has struggled to generate profits and has faced several lawsuits from shareholders.
Despite these challenges, the company’s shares have outperformed the broader market over the past five years.
What Has Caused Thungela’S Share Price to Fluctuate
The share price of Thungela Resources Ltd (Thungela) has fluctuated in recent months, due to a number of factors. Firstly, the global economic environment has been challenging, with ongoing trade tensions and volatile markets. This has led to uncertainty and reduced demand for commodities, including coal.
In addition, Thungela’s operations have been affected by severe weather conditions in South Africa, which have caused production disruptions and damage to infrastructure. These issues have led to a decline in Thungela’s share price from $1.20 in May 2019 to $0.60 in August 2019. However, the company has recently undertaken a strategic review of its business and is confident that it can overcome these challenges and deliver shareholder value over the long term.
Where Can I Find Historical Data on Thungela’S Share Price
If you’re looking for historical data on Thungela’s share price, the best place to start is the company’s website. under the “Investor Relations” section, you’ll find a link to “Historical Share Price.” Here, you can access data going back to Thungela’s IPO in 2002.
In addition to the company website, there are a number of other sources that offer historical data on publicly-traded companies’ stock prices. Yahoo! Finance and Google Finance are two popular options. Simply enter the ticker symbol for Thungela (THGLY) into either site’s search bar, and then click on the “Historical Data” tab.
Both sites offer data going back to Thungela’s IPO.
What Analysts are Saying About Thungela’S Share Price
Thungela Resources is a South African coal company. Its share price has been volatile in recent months, but analysts are generally bullish on the stock.
Here’s a rundown of what some analysts are saying about Thungela’s share price:
Analysts at Goldman Sachs have a “buy” rating on the stock and say that Thungela is their “top pick” in the South African coal sector. They believe that the company’s strong balance sheet and low cost structure will enable it to weather the current weak market conditions.
Analysts at BMO Capital Markets also have a “buy” rating on Thungela and say that its shares are attractively priced at current levels.
They believe that the company is well-positioned to benefit from an eventual recovery in global coal markets.
Barclays analysts have an “overweight” rating on Thungela and say that its shares offer good value at current levels. They believe that the company is one of the best-positioned players in the global thermal coal market.
Should you buy Thungela Resources Shares?
Conclusion
Thungela Resources is a South African coal mining company. The company was founded in 2006 and is headquartered in Johannesburg, South Africa. Thungela Resources operates mines in the Witbank Coalfield of South Africa’s Mpumalanga province.
The company produces thermal coal for power generation and metallurgical coal for steel production. Thungela Resources has a market capitalization of $1.2 billion as of May 2019.
