Universal Coal Share Discussion Threads

[wiganer] 23/8/2005 15:03

If anyone is interested in the full detail of what happened at NLR: The directors sold off 25% of the entire shares of the company (i.e. more than double the % that UCL directors have just sold) at 280p in November 2004:



The price had prior to that been at 350p or so. Following the placing it fell briefly to about 286p closing price (though at one point intraday it fell to about 250p or so), then went on a run to 741p in early March 2005, before its subsequent fall and rise again.

No guarantees UCL will do a NLR, but fingers crossed...

[wjccghcc] 23/8/2005 12:16

Fair point.

[wiganer] 23/8/2005 11:41

Hear where your coming from, and if I'd bought in at recent prices I might be a tad worried too, though presumably the purchasing institutions see considerable upside above 110p.

However, to put things into perspective, prior to the sale each director held about 15%. They still hold over 9%.

Also, I recall something very similar with NLR last year. I forget the price the Director sold at, from memory I think it was 280p. The price wobbled around that time, then went on a run to 700p.

I made the mistake with NLR of not holding on long enough and letting the short-term stuff get to me. I intend to avoid the same mistake with UCL, which I believe has the same kind of potential.

[thunders] 23/8/2005 11:38

get out while you can

[wjccghcc] 23/8/2005 11:32

It's a bit disturbing they've sold 40% of their stakes. I don't begrudge directors making a nice turn and sales of anything up to 10% of their stake is fine or even 25% where they retain a substantial chunk but this looks a bit like opportunism to me. Think I'll wait to see the numbers.

[wiganer] 23/8/2005 10:43

Agree ram- they've done it before and it hasn't held the share price back long-term. If the institutions think 110p is a good entry price then it makes my 89p average cost look pretty decent. Price has already receovered 5% or so since opening mark-down.

[wiganer] 23/8/2005 10:23

United Clearing plc
23 August 2005


United Clearing Plc ('United Clearing' or 'the Company')

Directors Dealings

United Clearing, the provider of support services to the cellular industry, has
been notified today by the founding Directors Atul Devani and Kirit Ruparelia
that they have each sold 375,000 shares in the Company at 110 pence per share on
22 August, 2005. As part of this transaction, the respective spouses of Atul
Devani and Kirit Ruparelia have each sold 697,740 shares in the Company at 110
pence per share on 22 August, 2005. The shares have been sold to a new
institution and existing institutional shareholders to meet demand.

As a result of this transaction, Atul Devani and Kirit Ruparelia beneficial
interest is as follows:

Atul Devani, CEO - 1,635,240 ordinary shares representing approximately 9.18 per
cent. of the issued share capital of the Company.

Kirit Ruparelia, Managing Director - 1,635,240 ordinary shares representing
approximately 9.18 per cent. of the issued share capital of the Company.

[wiganer] 23/8/2005 10:03

Missed that. Ah well. With an average purchase price of 89p I'm not hurting too bad.

[wjccghcc] 23/8/2005 09:46

Big sales at 110p last night.

[wiganer] 19/8/2005 10:12

Don't understand that comment frances- care to elaborate?

[frances2] 18/8/2005 17:26

Are mms geting a brown envelope from Madoff ?

[wiganer] 18/8/2005 15:23

Spread widened again today, hence the rise. Bid unchanged.

[wiganer] 17/8/2005 16:48

Spread the narrowest I've ever seen on UCL. Intriguing.

[wiganer] 16/8/2005 19:58

JS
Agreed. It seems inconcievable that the next results will fail to show a sizeable growth in T/o and profits. It may be that they aren't "meteoric" but all that would mean is that there may be a dip to revert to a more steady long-term uptrend. Whaterver happens I can't see a compelling bear case. The only small worry I do have is that they rush into an acquisition prematurely- better for them to build up cash and the share price first, especially if they pay with paper.

[jeffsmith] 16/8/2005 19:40

The next figures are the ones to watch. If, as I suspect they might, they show a meteoric rise in turnover and profits, the present share price will be well underlined and secure and the future quite rosy.
JS

[wiganer] 16/8/2005 16:53

gooner
Don't want to predict a short-term price, as this one is very much a long-term holding for me. I'd be unsurprised to see a correction at some point soon, as recent short-term trend is near-vertical, but that will not affect the long-term prospects. My longer-term target price if I had to set one, would be £2.00 within 12 months.

[e-venturer] 16/8/2005 16:49

depends on contracts but think ic will follow up their tip from 2 weeks ago.

[gooner5] 16/8/2005 16:40

Bought in today, have been on my watch list for about 1 month.

Has been a nice rise in that time which i have missed out on.

Any thoughts on what the short term price could be.

[e-venturer] 16/8/2005 08:48

Yes looks interesting

[wiganer] 16/8/2005 08:30

Don't you just love those charts?

[e-venturer] 15/8/2005 23:54

Gapped up today and finished strong looks good for the rest of the week.

[humphries1] 15/8/2005 12:22

e-venturer not sure if any broker upgrades exist, what i have done here is what no investor should do i read about the company i liked what i read bought the shares ive done no research silly realy but hell its going like a train and i dont think it will stop for a looooooooooooooonnnnnnnggggggggggggg time yet.
humph

[e-venturer] 15/8/2005 09:06

ticked down again but expect paper coverage tomorrow and IC update on Thursday given the strong performance of price since their tip and the recent contract gains. Any ideas of broker upgrades with new contracts.