I was going to buy these when at 108p few months ago but never had the courage. They reached new heights of about 134p recently but have slipped to around 113p at present.

They have a massive yield of 10%.

Does anyone have any views about buying into these.

I would be content to just have 10 or 20 per cent increase over the next year on thse if i got my 10 % divi.

Thanks

Back up to the heights of 134 - any idea if the VC is looking at the land bank as the main value?

I would speculate that it is a combination of the land value and rising coal prices internationally which UK Coal missed out in the past on given the long time that they are locked into contracts. When these expire they should be able to get much higher prices with a nice resulting cash flow kick in.

From what I read the lock ins cover most of their production - any ideas when some of these expire?

Sorry I don't know. But rest assured the venture capitalists would know as I would guess that they would use the higher cash flow to pay down the loan for the acquisition until they can sell off the land back. Classic venture capital stuff. There is also an American now in charge and they are big into this sort of thing and I would be very surprised if he is not somehow assisting, i.e. the dates the lock ins expire!

Announcement confirms VC approach & a possible 160p bid:

'UK Coal PLC confirmed this afternoon it received a tentative takeover approach some weeks ago.

The UK's largest coal company added it asked the interested party for clarification on certain aspects of the approach but received no 'substantive' response.

The company said 'there can be no certainty that any offer will be forthcoming.'

Earlier, UK Coal shares surged on speculation that a private equity group could launch a 160 pence per share offer for the group. '

Back to the drawing board - oh this does sound interesting and profitable all around

Much speculation on a takeover again..I wonder if it will come of anything this time - Maybe news with interims this week?

Very good news for UK Coal - this is a BUY

The Mail on Sunday reported that UK Coal's property director Jon Lloyd is expected to tell analysts that its 50,000-acre property portfolio, which it has on its books at 274 mln stg, could be worth double that.

Meanwhile, the Independent of Sunday reported that UK Coal is to tell the City on Monday that it is sitting on a gold mine, with development hopes boosting the land value to 500 mln stg.

UK Coal is tipped to double from now by my sharebroker.

Good news again...BUY at 407p



UK Coal PLC
16 November 2006



16 November 2006



UK COAL plc ('UK COAL' or the 'Company')



Placing to raise 30 million

The Board of UK COAL announces that Bridgewell Limited has, on behalf of the
Company, completed a placing (the 'Placing') of 7.4 million new ordinary shares
of 1 pence each (the 'Placing Shares') at 406 pence per share to raise gross
proceeds of approximately 30 million. The placing price represents a premium of
approximately 2% to the closing mid-market price on 15 November.

The Placing has been undertaken in order to strengthen the Company's balance
sheet and increase financial flexibility which had become somewhat constrained
following reduced coal production during the summer. The proceeds of the Placing
will initially be used to reduce the Company's net debt.

The Placing Shares will, when issued and fully paid, rank pari passu in all
respects with the existing issued ordinary shares of the Company.

The Placing is conditional upon, inter alia, admission of the Placing Shares to
listing on the Official List of the UK Listing Authority and to trading on the
London Stock Exchange's market for listed securities (together 'Admission').

Interesting to see the strength in UK Coal shares following weakness after the recent share placing. The Company seems to be gathering further market interest.

Fidelity stake now 8.97% reported late November prior to todays update on property development. Although held my shares for 3 years, I think this one will go on to higher levels.

Beginning to twitch, set to move up to an 800 million market cap.

Sweaty bum time for shorters.

Fidelity have reported to have sold its stake. They made a nice turn. The situation seems to be moving along with Peel increasing stake to 24.49%.

Large discounted trade went through at 11.17am re 249,845shares at 523p.

Have sold 50% of my holding at 568p and keeping the remainder for now. I delayed sale for tax purposes. I notice that Peel has said that it will not make a full takeover unless another party did so or that it could get the Boards approval one. I think the latter may occur at some stage but, we shall see.

UK Coal PLC
23 April 2007

23 April 2007

UK COAL PLC ('UK COAL')


Annual General Meeting Statement



At its Annual General Meeting, held at 1.00pm today, the Chairman of UK COAL,
David Jones, made the following comments on first quarter trading:


'Overall performance has been in line with expectations, excluding the effects
of the production stoppage at Daw Mill, which has already been reported on. Daw
Mill is now also performing normally following an extensive safety review.


Our surface mining business continues to make rapid progress, and three new
planning permissions have been received for sites containing some 1.4 million
tonnes of coal.


UK COAL's Property Division, Harworth Estates, continues to progress well in
adding value through the planning process and developing the Group's property
portfolio.


The detailed review of our property estate continues, and we are likely to be
adding additional projects onto the list of 60 priority sites identified last
November. This will then form our medium to long-term development portfolio,
providing a consistent pipeline of good quality sites moving through the
planning consent and development phases.


Harworth Power, UK COAL's power generation subsidiary has installed 15 MW of new
generation capacity and has progressed several planning applications in respect
of wind turbines in the quarter.



Overall the Group remains well placed to deliver further value for shareholders
and will continue to focus on realising the significant potential within its
property portfolio, developing its surface mining business, reducing the risk
profile of its deep mining operations and capitalising on opportunities in power
generation.'


Guscavalier comment- outlook seems ok. Like the statament about adding additional projects to property portfolio.

UK Coal PLC
05 September 2007


September 5th 2007


UK COAL PLC ('UK COAL')

Financial Results for the six months ended 30 June 2007

Strong growth. Strong outlook

FINANCIAL HIGHLIGHTS

Operating Profit up 108% to 45.1 million (H1 2006 restated: 21.7
million)
Pre-tax profit up 143% to 40.6 million (H1 2006 restated: 16.7 million)
Net assets per share up 32% to 2.06 (December 2006: 1.56)
Strong growth in value of land and property portfolio
- RICS valuation up 16% to 398 million (December 2006: 344 million)
- Estimate of worth in 2012 up 12% to 900 million (December 2006: 800
million)
Gearing reduced to 19% (December 2006: 21%)
Earnings per share 34.2 pence (H1 2006: 11.2 pence)


Commenting, David Jones, Chairman said:

'These good results demonstrate the considerable progress UK COAL has made in
the first half of the year. We have significantly increased the value of our
property business, strengthened the operating performance and prospects of our
mining businesses, more than doubled pre-tax profits and significantly grown the
value of net assets per share.

'In mining, since June, our deep mines have been generating operating profit. In
parallel, production and profit from our surface mines have grown considerably.
We have also made considerable progress both in reducing the proportion of our
total output that is contracted for sale at historic prices and in negotiating
new contracts at today's much higher world market prices. There will always be
risks in mining; but these are very positive developments. In property, we
continue to identify new opportunities and to make very good progress in
securing the appropriate planning consents and progressively executing our
development strategy. These actions have resulted in significant increases in
both the RICS property valuation and in our estimate of the future value of our
property portfolio.

'We view UK COAL's future with considerable confidence and look forward to
delivering further good growth in shareholder value for the full year and
beyond.'


Guscavalier comment: This is only the introduction to the figures but gives the gist.Good to hear that the deep mines are now profitable and the Company is gradually taking advantage of higher coal prices. sp around 560p has recovered well having been below 500p recently.

UK Coal wins new EDF contract
Date: Monday 10 Dec 2007

UK Coal has won a contract with EDF that will enable the miner to commit to a 55m investment programme at Thoresby, to access a further 12m tonnes of reserves and extend the collierys live by around 10 years.