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1 insider bought €103k of shares over the last 90 days, the latest by Unknown, filed 05 Oct 2026.
Thungela Resources Limited: what insiders have been doing
Thungela Resources Limited, classified in the Energy sector, is a listed company based in South Africa. Its insiders report their share dealings to JSE. Over the twelve months to 23 October 2026, 9 filings were filed, from 1 insider.
Only purchases show up on the open market, 9 purchases in all worth €1.4M, filed by 1 insider. No amount is published for 1 filing, which the totals therefore leave out. Buying on the open market means paying the going price with one's own funds, a different act from receiving shares as pay. At €1.3M, the purchase published on 26 May 2026 is the largest of the period (0.15% of market cap). On the buying side, the filings list 1 senior executive among the declarants.
The clock since the last published purchase (5 October 2026) now reads 19 days.
Compared with its exchange (105 companies, median 2 filings), a count of 9 filings is above the norm. Looking back to 2021, when coverage begins, insiders filed 31 purchases and 10 sales.
In the same sector, recent insider purchases at Compagnie de l'Odet and E.ON SE also feature in our signals. Every figure here comes from the filings published by JSE and describes the past, not future prices; it is not investment advice.
Key facts
Headquarters: South Africa
Source: Wikidata (CC0).
Insider Decl.
103
Thresholds
n/a
Buy Volume
€3M
31 ops. · all time
Sell Volume
€90M
10 ops. · all time
Who traded when
BuySaleUnknown9 buys
Gideon Frederick Smith1 sale
Since the insiders bought
- Unknown+10.2%Entry ZAC 12,277.00 · Close 16 Oct 2026 ZAC 13,526.00
- -48.2%Entry ZAC 32,500.00 · Close at T+365 ZAC 16,850.00
- -48.2%Entry ZAC 32,500.00 · Close at T+365 ZAC 16,850.00
Entry is the close on the day after publication, the first price a reader could act on. Prices in the listing currency. Past moves are not a forecast.
Analyst consensus: bullish or bearish?
Analysts rate Thungela Resources Limited Underperform (bearish), based on 5 analysts. Average price target: ZAC 120.51.
This score ranks the purchase within its own market. A position size is suggested only on the venues of the backtested strategy universe; elsewhere, signals stay on watch. Not investment advice.
Fundamental score
Ranked 23,047 of 26,286 companies
24.1
score / 100
Value16
Quality32
FCF yld-3.9%
Earn yld-37%
EV/EBITDA·
ROE-29%
Gross mgn57%
Net mgn-24%
Debt/EBITDA·
Pillars2/3
Transparent value + quality ranking, distinct from the insider signal.
Financial data
as of FY 2025FY ended December 2025 · cache
ZAC 134.00
Analyst consensus
5 analystsUnderperform
ZAC 70.00Target ZAC 120.51(-10%)ZAC 175.00
Income statement
RevenueZAC 29.6B
Gross profitZAC 16.9B57% margin
EBITDA-ZAC 4B-13% margin
Net income-ZAC 7.1B-19.9% margin
Valuation
PER (forward)1194.1x
P/Book99.0x
Beta-0.93
Balance sheet & cash
Market capZAC 17B
Total debtZAC 86M
Free Cash Flow-ZAC 755M
Debt / Equity0%
Profitability & ownership
ROE-28.6%
ROA-0.6%
% insiders4.7%
% institutions47.7%
Last declaration on 5 October 2026
Declarations103 total
▲
Unknown
948,395 ZAR5JSE
7,951 shares@ ZAR 119.280.0059% mcap3.5% of flowOrdinary ShareJSEISIN ZAE000296554JSE:20261005110000-20
Canonical exit: 3 Jan 2027 (T+90)
▲
Executives
0JSE
▲
Unknown
598,418 ZAR5JSE
4,042 shares@ ZAR 148.050.0039% mcap2.3% of flowOrdinary ShareJSEISIN ZAE000296554JSE:20260917100000-19
Canonical exit: 16 Dec 2026 (T+90)
▲
Unknown
159,184 ZAR5JSE
1,275 shares@ ZAR 124.850.0010% mcap0.6% of flowOrdinary ShareJSEISIN ZAE000296554JSE:20260826150000-50
Canonical exit: 24 Nov 2026 (T+90)
▲
Unknown
3,156 ZAR14JSE
26.279 shares@ ZAR 120.080.0000% mcap0.0% of flowOrdinary ShareJSEISIN ZAE000296554JSE:20260825150000-57
Canonical exit: 23 Nov 2026 (T+90)
▲
Unknown
78,052 ZAR5JSE
650 shares@ ZAR 120.080.0005% mcap0.3% of flowOrdinary ShareJSEISIN ZAE000296554JSE:20260825150000-58
Canonical exit: 23 Nov 2026 (T+90)
▲
Unknown
151,593 ZAR14JSE
@ ZAR 109.850.0010% mcap0.6% of flowOrdinary ShareJSEISIN ZAE000296554JSE:20260819090000-18
Canonical exit: 17 Nov 2026 (T+90)
▲
Unknown
24M ZAR19JSE
0.15% mcap99.0% of flowOrdinary ShareJSEISIN ZAE000296554JSE:20260526140000-36
Canonical exit: 24 Aug 2026 (T+90)
▲
Unknown
950,264 ZAR2JSE
6,692 shares@ ZAR 142.003.6% of flowOrdinary ShareJSEISIN ZAE000296554JSE:20260515140000-34
Canonical exit: 13 Aug 2026 (T+90)
4,381 shares@ £89.5099100.0% of flowOff marketRNS:5849311-7
1,682 shares@ £89.5101100.0% of flowOff marketRNS:5849311-4
3,746 shares@ £89.5099100.0% of flowOff marketRNS:5849311-1
2,268 shares@ £89.51011.8% of flowOff marketRNS:5849311-3
1,682 shares@ £89.51011.8% of flowOff marketRNS:5849311-5
2,030 shares@ £89.509910.8% of flowOff marketRNS:5849311-6
7,550 shares@ £89.51011.8% of flowOff marketRNS:5849311-0
2,611 shares@ £89.5101100.0% of flowOff marketRNS:5849311-2
75,000 shares@ €98.966397.7% of flowOn marketRNS:5847705
196,054 shares@ £94.26100.0% of flowOff marketRNS:5830097
191,165 shares@ £94.2650.2% of flowOff marketRNS:5646585-0
91,834 shares@ £94.2657.7% of flowOff marketRNS:5646585-1
50,181 shares@ £94.2643.7% of flowOff marketRNS:5646585-3
38,151 shares@ £94.2646.0% of flowOff marketRNS:5646585-4
38,120 shares@ £94.2645.2% of flowOff marketRNS:5646585-5
38,093 shares@ £94.2646.2% of flowOff marketRNS:5646585-6
25 of 103 declarations
About Thungela Resources Limited
Thungela Resources Limited is a company focused on the extraction and sale of coal. It is listed on the Johannesburg Stock Exchange (XJSE).
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