UNV
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0.00% 16.0¢ universal coal plc

 Good call Terrier. I hadn't even noticed that. When the...

  1. mrposhman
    1,665 Posts.
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    07/02/19
    12:55
    Post #: 37362575


     Good call Terrier. I hadn't even noticed that.

    When the original 35c NBIO was raised to the market back on the 18th September, the ZAR was worth 10.69925, now down to 9.66157.

    In terms of valuation:

    18th September - Suggested sale price = $182.9m, or ZAR1.96bn

    6th February (close rate) - Suggested sale price = $182.9m or ZAR1.77m

    Assuming they are happy to pay ZAR1.96bn then that would increase the price to 39c at current FX rates.

    UNV Price at posting: 34.5¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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