Thungela Resources Ownership

Who are the major shareholders and have insiders been buying or selling?

Recent Insider Transactions

BMV:TGA N Recent Insider Transactions by Companies or Individuals
Date	Value	Name	Entity	Role	Shares	Max Price
02 Apr 24	SellMex$490,558	July Ndlovu	Individual		4,487	Mex$109.33
02 Apr 24	SellMex$263,810	Gideon Smith	Individual		2,413	Mex$109.33

Insider Trading Volume

Insider Buying: TGA N insiders have sold more shares than they have bought in the past 3 months.

Ownership Breakdown

What is the ownership structure of TGA N?
Owner Type	Number of Shares	Ownership Percentage
Individual Insiders	1,116,072	0.811%
Sovereign Wealth Funds	20,223,866	14.7%
Institutions	39,503,407	28.7%
General Public	76,706,104	55.8%

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 3%.

Top Shareholders

Top 25 shareholders own 41.69% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
14.7%	Public Investment Corporation Limited	20,223,866	Mex$2.6b	10.2%	0.34%
4.87%	Fairtree Asset Management (Pty) Ltd	6,702,765	Mex$863.9m	0%	6.05%
3.81%	The Vanguard Group, Inc.	5,244,581	Mex$675.9m	1.04%	no data
3.22%	abrdn plc	4,430,147	Mex$571.0m	0%	0.02%
2.51%	JPMorgan Chase & Co, Private Banking and Investment Banking Investments	3,456,813	Mex$445.5m	0%	0.01%
2.26%	BNY Mellon Asset Management	3,106,482	Mex$400.4m	0.43%	no data
1.77%	Quantex AG	2,439,000	Mex$314.3m	0%	1.14%
1.58%	Sanlam Investment Management (Pty) Ltd.	2,167,361	Mex$279.3m	0%	0.21%
1.42%	BlackRock, Inc.	1,955,540	Mex$252.0m	-3.26%	no data
0.76%	Abax Investments (Pty) Limited	1,050,000	Mex$135.3m	0%	0.88%
0.7%	July Ndlovu	963,587	Mex$124.2m	0%	no data
0.58%	FMR LLC	796,867	Mex$102.7m	-0.23%	no data
0.5%	Caisse de dépôt et placement du Québec	683,928	Mex$88.1m	0%	0.01%
0.37%	Ninety One UK Limited	512,095	Mex$66.0m	0%	0.01%
0.32%	Sasfin Asset Managers (Pty) Ltd	435,131	Mex$56.1m	0%	1.45%
0.31%	Gideon Smith	425,136	Mex$54.8m	0%	no data
0.26%	Dimensional Fund Advisors LP	358,424	Mex$46.2m	7.51%	no data
0.25%	American Century Investment Management Inc	340,985	Mex$43.9m	9.38%	no data
0.24%	Mandg Investment Managers (pty) Ltd	324,737	Mex$41.9m	0%	0.08%
0.23%	Truffle Asset Management (Pty) Ltd	322,827	Mex$41.6m	0%	0.28%
0.22%	STANLIB Collective Investments Limited	306,809	Mex$39.5m	0%	0.24%
0.22%	Momentum Manager of Managers	305,980	Mex$39.4m	0%	0.61%
0.21%	Momentum Asset Management (Pty) Ltd	284,171	Mex$36.6m	0%	0.53%
0.2%	STANLIB Asset Management (Pty) Limited	277,136	Mex$35.7m	0%	0.28%
0.17%	Schroder Investment Management North America Inc.	230,197	Mex$29.7m	-2.11%	0.01%

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2023/06/13 12:35
End of Day Share Price	2023/03/16 00:00
Earnings	2022/12/31
Annual Earnings	2022/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Thungela Resources Limited is covered by 7 analysts. 6 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Ephrem Ravi	Citigroup Inc
Nkateko Mathonsi	Investec Bank Limited (SA)
Brian Morgan	Morgan Stanley