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Business Description: Continental Coal Limited (CCC) is a South African thermal coal producer with a portfolio of producing and advanced coal projects. CCC currently has three operating mines, Penumbra, Vlakvarkfontein and Ferreira. CCC is targeting a ROM production rate of 10Mtpa by the end of 2015.
Strategy Analysis: The company is pursuing a growth strategy of building major mid-tier South African focused coal mining businesses. This has come by way of acquiring entire sites or investing in highly prospective projects.
Continental Coal reported NPAT of $1,991 for the half-year ended 31 December 2010. Revenues from ordinary activities were $49.9m. Basic EPS was 0.83 cents compared to (1.51) cents last year. Net operating cash flow was $2.14m compared to $3.13m last year. No dividend was declared.
The Age 22/05/2013 |
A piece of broker research came out last week that described the budget as a sensible one but an almost suicidal one for a government four months out from an election. Instead of trying to buy votes, it seemed intent instead on putting as many noses out of joint as it possibly could.
The Age 22/05/2013 |
In last week's budget, the government missed what will probably be its last opportunity to make the superannuation system fairer and more sustainable. While the government made some tough decisions, such as reneging on promised tax cuts, one of the fastest-growing expenses is the tax concessions for superannuation.
The Age 22/05/2013 |
Baby, forget the bonus. With tax concessions gone the federal government's budget could also affect your health, writes John Collett.
The Age 22/05/2013 |
Last week's budget was a bit of aho-hum affair on many levels related to superannuation, because most of the changes to the system had been announced back in April. The transfer of the Baby Bonus into an extra (reduced) payment for families eligible for Family Tax Benefit Part A, has drawn the light fairly and squarely on the costs of bearing and raising children. The recent debate about the opposition's Paid Parental Scheme versus the government's less-generous scheme has added fuel to the fire.
The Age 22/05/2013 |
Tradies caught out by the collapse of National Buildplan Group have called for a financial "rescue" package and an investigation into the failure of the company.
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