Even though an upgrade was expected this result is amazing.
The net cash position of this company will now be close to $22M. Based on this the EV of the co at 29.5c would be $132M.
The June 1/4 made an Ebitda of approx 17M (+ a $2.6M upgrade due to fx rate) up from $12.5M in the March 1/4.
If 18-19 runs at the same profitability as the last quarter then our Ebitda will be $68M which is more than 50% on the EV.
Of course the coal price could fall, but at the same time by Dec 18 our group sales rate should be above 7MTPA vs 17-18's 4.7MT.
Looking good.
UNV Price at posting:
29.5¢ Sentiment: Hold Disclosure: Held
