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

I don't hold this leaky bucket, but separated by lack of knowledge means I look for an opportunity to invest . . . and I see a fight on one side with Unions, devoted to striking a good deal even though the mine is close to closure (so all they have is a pay cheque).
Yet on the other a company that has hived off its silver to prop up mounting losses . . .so the sp is really only a "hope" that it won't get worse. - Which is largely a function of Unions - Grief, who'd be there by choice?
If they have to close shop and settle their Creditors.... will there be enough to let current shareholers get their money back, or - more likley you'd be lucky to receive 30p in the £1 - i.e. somewhere near the 12p it reached only recently.

hlyeo98, what's yr take, you post a lot on this stock; are you still holding in hope?
EDIT:(1Jn2012)- Bt a few at 10p . . . . AGM soon. I like their Real-Estate operation.
EDIT (8Jn2012)_ oh deary, 8p beckons. I see Yield is 0%, missed that.
EDIT-5Nov- Oh deary, prep for Namechange restructuribg drops sp 25%....Now 4p9

UK Coal (LSE: UKC.L - news) sheds nearly 15 percent as the coal miner says its first-half revenue fell 23 percent to 198.3 million pounds as a result of significantly lower sales volumes, leading to an operating loss before non-trading exceptional items of 6.0 million pounds, a turnaround from a 35.2 million profit at the same stage last year.

Fire-hit Daw Mill coal mine set to close

A Warwickshire coal mine hit by an underground fire last month is to close.

The majority of the 650 workers at Daw Mill Colliery will be made redundant in the move.

The colliery had been due to close next year but after the fire on 22 February owners UK Coal said it was possible commercial mining might not resume at the site.

About 56 million tonnes of coal is estimated to remain there.

UK’s biggest coal miner on verge of collapse