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16.0¢ universal coal plc

What i can't understand, are the sellers at a low of 30.5 cents...

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charlie boy

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18/09/18

12:28

Post #: 35669354
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Originally posted by SaberX ↑

Septa for president!

I dont know how it works in the real world but id support a loan to buy out AMEDS share at $0.35. Heck why isnt this sort of anti takeover pill employed more often? Hoping the independentd aren't in a greedy position to want out at such a lowball offer. Surely with 2c q yr divviea they'd employ some patience and reject the lowball.

Anyway overall im disappointed but not surprised.

As i mentioned yesterday we all have stars in our eyes and valuations we'd like to see. Never see in practicality this eventuating and no surprises they're offering 0.35. I was hoping itd be closer to 0.40 but as a sweetener they may go there.

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What i can't understand, are the sellers at a low of 30.5 cents today.
Are they sellers that have taken a short position, and what out?

UNV Price at posting: 32.5¢ Sentiment: Hold Disclosure: Held
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