Coal of Africa

CZA: 42.00 0.00 (0.00%)

Delayed:2017-12-08 05:00:06
Bid Price 42.00 High Price 0.00
Ask Price 45.00 Low Price 0.00
Open Price 0.00 Spread 6.90%
Prev Close 43.50 Volume 0.00

Coal of Africa Share Price Chart


Historic - 1 year

Coal of Africa Share Price Information

Name Coal of Africa Epic CZA
Sector ISIN AU000000CZA6
Activites Security Type Equity

Key numbers

Latest Share Price (p) 0.00 Net Gearing (%)
Market Cap (£m) 0.00 Gross Gearing (%)
Shares in issue (m) 0.00 Debt Ratio
P/E Ratio Debt-to-Equity Ratio
Divs per share (p) Assets / Equity Ratio
Dividend Yield (%) Price to book value
Dividend Cover SROCE (%)
Earning per share (p) EPS Growth (%)
52-week high / low (p) 0.00 / 0.00 DPS Growth (%)

Coal of Africa Broker Views

Date Broker Rec. Price Old target price New target price Notes
03 Nov Peel Hunt Buy 42.00 4.40 4.40 Reiterates
04 Oct Peel Hunt Buy 42.00 4.00 4.40 Reiterates
26 Sep Peel Hunt Buy 42.00 4.00 4.00 Reiterates
22 Sep Peel Hunt Buy 42.00 5.00 4.00 Retains
11 Jan Peel Hunt Buy 42.00 4.70 5.00 Retains

Coal of Africa Director Deals

Coal of Africa Company News

Coal of Africa Ltd name changed to MC Mining

Coal of Africa Limited changed its name to MC Mining Limited.

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Coal of Africa names new CFO

Coal of Africa has announced the appointment of Ms Brenda Berlin as the Company's new Chief Financial Officer.

Ms Berlin will replace Mr De Wet Schutte who notified the board of his decision to resign as Finance Director with effect from 30 November to pursue personal endeavours.

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CoAL shares suspended on JSE

Coal of Africa Limited's shares on the JSE Limited have been suspended with immediate effect.

CoAL said this was due to the divergent treatment of changes to its international securities identification number (ISIN) arising from the share consolidation and name change resolutions approved by shareholders at the annual general meeting on Friday.

It said shares on the South African register would be suspended until tomorrow (28 Nove).

CoAL said that it and its advisers had worked closely with the Australian Stock Exchange, AIM Market of the London Stock Exchange and JSE listing authorities to avoid any suspensions, however due to ISIN administrative challenges a temporary suspension was unavoidable.

At 9:08am: (LON:CZA) Coal of Africa Ltd share price was +0.37p at 2.5p

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All resolution passed at AGM of Coal of Africa

Coal of Africa has confirmed that all resolutions were passed by shareholders at today's Annual General Meeting.

At 1:14pm: (LON:CZA) Coal of Africa Ltd share price was -0.05p at 2.13p

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CoAL completes Mooiplaats colliery sale

Coal of Africa Limited, has announced the completion of the sale of Mooiplaats colliery.

On 2 Oct, CoAL and its wholly-owned subsidiary, GVM Metals Administration (South Africa), as well as its black economic empowerment partner Ferret Mining & Environmental Services had entered into a sale of shares and claims agreement with Mooiplaats Coal Holdings and Mooiplaats Mining.

Under the terms of the agreement, CoAL and Ferret disposed of 100% of their shares in Mooiplaats and the CoAL Group disposed of claims against Mooiplaats and its wholly owned subsidiary Langcarel, the owner of the Mooiplaats thermal coal colliery. CoAL said that all conditions precedent had been fulfilled or waived and the sale of the Mooiplaats shares and claims for an aggregate purchase price of R179.9m had been implemented. The completion of the transaction resulted in:

- the payment of the initial tranche of R67.0 million of the purchase price being:

* R52.0 million to the CoAL Group

* R15.0 million to Ferret in full and final settlement of its equity. CoAL said the balance of the R112.9m purchase price would be settled in not more than 10 quarterly instalments, with the first deferred payment anticipated to be due in August 2018, nine months after the closing of the transaction.

At 9:53am: (LON:CZA) Coal of Africa Ltd share price was -0.37p at 2.63p

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