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Real-Time news about Universal Coal (London Stock Exchange): 0 recent articles
Thanks for your alert on the PPC thread.
Could you tell me, please, is one UCL share equivalent to one UNV share ?
|robward: Dear All
The current share price is also listed on the Company Website, along with................
|eibbor: it was 10 to 1 kayaks, either you had a few more to start with or your broker likes you!
of course they are now 'worth' 10 times as much
hidden away on the website - notice of AGM 2009
3.1 Background for Share Consolidation
The Board considers that it is desirable to consolidate the Existing Ordinary Shares as this should assist in reducing the volatility in the Company's share price if the Company becomes listed on AIM, enabling a more consistent valuation of the Company. With shares of low denominations and the levels of trading, small absolute movements in the share price can represent large percentage movements resulting in volatility. The Board also believes that the bid-offer spread on shares priced at low absolute levels can be disproportionate to the share price, to the detriment of Shareholders.|
|mach10: I think you're on the money there Jeff. And with today's fall that's a 14% arb I suppose at 103p.I guess the only downside is that markets hate uncertainty and the longer it drags out the greater the drag on the share price. FWIW I don't think I've seen in my 10 years of investing such a double whammy in both SP's after what was at the time of the announcement a nil premium merger. I hold BILL otherwise I would follow your advice and buy UCL.|
|wiganer: I am tempted, but am underwhelmed by BILL's fundies, especially the balance sheet which looks a bit flaky. The risk is to get locked into BILL as their share price continues its downwards drift, which is presumably what made that tute jump ship on UCL.
All-in-all a tempter, but not one to jump into lightly. Will mull over at christmas.
Talking of which- have a cool Yule y'all!|
|nurdin: Spoke to the company regarding the share price retrenchment.Seems one Institutional holder (not a big holder) didnt want to be bothered with the all share offer and has been selling.Also advised their clients to sell.Hence the drop.Nothing serious imo.|
|rambutan2: hounddog, do you have an agenda? i am a great believer in using these threads as a means of sounding out views, both positive and negative, but perhaps you seem a bit more negative than necessary? your first post was...
hounddog1 - 28 Sep'05 - 09:22 - 187 of 248
Can anyone help?
Have heared a nasty rumour that UCL is being investigated for insider dealing. Large number of shares being bought and sold by the board?
It was worrying enough to see the CEO and MD sell a significant holding at a massive discount to the then market price!
Any thoughts anyone?
followed by you saying that you'd sold out...
hounddog1 - 29 Sep'05 - 02:19 - 191 of 248
Also concerned about recent share price slippage - another 2p today! Combined with market gossip re insider dealing, news being a little thin re major mobile phone operator contract wins 'framework agreement' do not count as deals in my line of business. So makes for cautious times. As a consequence sold all my holding on Tuesday.
ppowerscourt - what makes you confident on future prospects?
The company announced a while ago that it was looking at using some / all of its cash pile to make strategic acquisitions. Still no news on this front? Maybe it should use this to return some money to shareholders.
Year end report this Friday so should be interesting......
followed by a series of querying posts. now, that's not to say that you havent raised a worthwhile line of thought on the fx and lack of clarity on earnings, which i aim to follow up. but, what's you game?
Quite interesting mkt cap £20m with rtd raising
a further £18m debt facility with further cash
available of £3m after todays announcement,
i would suspect the share price to stay around
137p as it has been resistance in the recent past
but if i am wrong and 137p approx breaks no past
resistance and who knows from there.
pe 68 could be a bit rich for cc though.
hope that helps i will go back under my RTD rock.
|hounddog1: Thanks ppowercourt for the oil overview. Where is the new argument on CDL/JKX price comparison?
Why is UCL falling.......?
Understand that one of the reasons UCL is falling has to with this insider trading rumor. Purchases of stock by 'greedy' directors could be linked to the apparent approaches made to buy the company.
Hence the spike and subsequent cooling off period as the price went way too high - so the theory goes.
It is understood that these buyout discussions are now back in play, as a result of the recent cooling off in the share price.
It is a risky punt but if the company is back in play could push the stock back up in the short term....|
|innovation99: Rather hard to say that directors selling to institutions is fantastic news when the share price takes a plummet south in the process. Nonetheless, here goes:- FANTASTIC NEWS!
£1.10 per share for 2.2 m shares is a good price. You try selling 2.2m shares on the market and see if you can get top dollar bid price?
I give it two weeks (maximum four weeks) before we see the price back in the £1.30 range and thereafter rising.
If you brought these for growth with a medium term view, Institutional buying is the best thing that could happen to this company.|
Universal Coal share price data is direct from the London Stock Exchange