image

Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

Latest issue now available

SIGN UP NOW
Updates

UK Coal - Selling prices to rise sharply in H2

October 2008

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • UKC
  • Price:
  • 390p
First half results from UK Coal had been well flagged by its previous trading update and while its pretax loss of £9.9m might be unexpected to some this reflects its normal practice of filling in the very low priced long-term sales contracts in H1. This leaves the way clear for it to achieve the much higher open market prices in the second half, with analysts now expecting blended average prices for the year of £1.92 / KJ. In terms of production UK Coal still expects to generate 8.7m tonnes this year. Meanwhile, the revaluation of Harworth Estates, its property division, produced a 5% gain to £438m, which is creditable in what remains a tough market. While Numis has left this year's forecasts for eps of 43p unchanged, it has re ...

To access our archive of articles and to receive current issues you need to subscribe.

Subscribe now

Already a subscriber? Login

Related Articles

UK Coal - Attractive way to play energy boom (September 2008)
UK Coal - Soaring prices make deep mines very profitable (June 2008)
UK Coal (February 2005)
UK Coal - Beneficiary of soaring energy prices plus land development wildcard (December 2004)

With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X

LIMTED TIME OFFER

SUBSCRIBE TODAY AND SAVE £30 USING OFFER CODE 30OFFTMI

To access our archive of articles and receive current issues you need to subscribe

SUBSCRIBE NOW