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16.0¢ universal coal plc

Sorry I meant to say "My fear is that the company doesn't engage...

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deepmine

28 Posts.

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30/06/18

02:58

Post #: 34053138
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Originally posted by deepmine ↑

Thank you very much - I'll look into that.

BTW, I am a top holder of UNV and I do love the stock. I believe in A$1 / share but anticipate a 24-30 month period to realize it. My fear is that the company engages in buy-backs as coal is out of favour with so many that we might find ourselves watching this trade high with paper gains only to see coal subsequently fall off a cliff, Eskom have some financial crisis and all our cash flow used on acquisitions that further entrench us in a coal story gone south ... we need the co to focus on divs, buy-backs (why haven't they done this as this would seriously underpin the stock price if played properly), another listing (AIM or JSE), institutional buyers in SA (PIC eg), and - eventually - a merger / massive public co acquisition of some kind. We need to get our exposure reduced to SA as well if this is a long term company build-out play.

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Sorry I meant to say "My fear is that the company doesn't engage in buy-backs"

UNV Price at posting: 32.0¢ Sentiment: Buy Disclosure: Held
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