UNV 0.00% 16.0¢ universal coal plc

Mar Qtrly, page-75

  1. 3,312 Posts.
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    You say 'trend continues'. This is in a trading range. Has been for a very very long time. Generally holds around 9-14. Couple of quick dips down lower, but generally been sideways since 2012.

    Yes, it could drop down. But it could also go screaming up. We've got 2 holders who own something like 50% of this combined. It wouldn't be difficult for them to take this over at 18-20 cps on any given day.

    That's the sort of reason why buying back in can be dangerous
 
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