Profile image
By ProactiveInvestors (Reporter)
Contributor profile | More stories
Story Views

Last Hour:
Last 24 Hours:

Anglo Pacific chief has high hopes 2017

Monday, October 17, 2016 5:49
% of readers think this story is Fact. Add your two cents.

Anglo Pacific Group (LON:APF) chief executive Julian Treger tells proactive: ”Anglo Pacific did have a very strong first half but we also think the second half of the year will be even stronger and then with the coal price having risen as much as it has we’re very optimistic about 2017 and what the implications will be on profitability and the dividend.”

Treger added: ”We’re a dollar-denominated stock and we get dollar income so clearly the weakness of Sterling on the back of Brexit translates into much greater profits for us. Our biggest royalty – the Kestrel Met Coal royalty – should see a much higher percentage of our production share from Rio in the second half and so by comparison to the first half we expect much higher income.”

He went on to say they’re facing a period now where eight or nine years worth of strong income is coming from Kestrel  and if the coal price stays up that’ll be an added bonus to their recovery.

Story by ProactiveInvestors


We encourage you to Share our Reports, Analyses, Breaking News and Videos. Simply Click your Favorite Social Media Button and Share.

Report abuse


Your Comments
Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

Top Stories
Recent Stories



Top Global

Top Alternative



Email this story
Email this story

If you really want to ban this commenter, please write down the reason:

If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.