UNV 0.00% 16.0¢ universal coal plc

Yes, we are currently getting the double whammy of rising export...

  1. 1,777 Posts.
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    Yes,

    we are currently getting the double whammy of rising export price and strong US dollar, i assumed that they would get the export dollars and convert it into ZAR,
    i would presume that none gets converted into AUD apart from when they need it to pay dividends and listing fees etc,

    its unusual to get a rising USD coupled with a rising price on the underlying commodity , but the whole conversation around coal has changed over the last year,

    remember too , that the likely cashflow figure will be a lot stronger than the EBITDA figure, given that a lot of those expense are non cash items, also our BEE partner will have to pay back their loaned funds as well.
 
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