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4.2¢ uil energy ltd

One trade for $360 today. I am of the opinion that only brokers...

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wisdomofsilence

3,066 Posts.

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14/01/15

14:36

Post #: 14582803
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Originally posted by wisdomofsilence ↑

I received an email from Managing Director Mr John De Stefani yesterday. Below are some points from his email I have paraphrased:

- expect an announcement very soon on the on progress and schedule of works for Perth basin permits
- in light of the current market in the oil and gas sector the Company has taken the opportunity to clean up some of its stock with new money in UIL
- Management are confident they have the makings of a substantial business with a permit holding position in the Perth basin which cannot be replicated
- Management obviously unhappy with the share price since listing but expect some nearology action in the near future from the likes of AWE and Warrego
- John continues to buy the stock at these levels
- Expect a Bell Potter research report by end of this month or early next month

This is all great news IMO and I will certainly be topping up more should the chance arise.

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One trade for $360 today.
I am of the opinion that only brokers can buy parcels of shares worth less than $500?
Can anyone confirm this please?

UIL Price at posting: 9.0¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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