Coal India has had some interesting news flow in last few weeks. And market doesn’t seem to have reacted to that much!
- Company has announced a final dividend of ₹3.5 per share - with no record date yet! July futures aren’t discounting this, neither are August!
- They have announced resumption of exports of coal. Should obviously increase realizations.
- They have announced a road map to reduce workforce over time. Should obviously increase profit margins.
- They have announced deals for Coal Bed Methane - should increase clean coal initiatives.
- eAuctions are going well, should increase coal utilization.
- They are investing in other non-coal projects as well.
All things considered, the stock is poised for a big jump up - seems like a no-brainer with this dividend yield.
- Company has announced a final dividend of ₹3.5 per share - with no record date yet! July futures aren’t discounting this, neither are August!
- They have announced resumption of exports of coal. Should obviously increase realizations.
- They have announced a road map to reduce workforce over time. Should obviously increase profit margins.
- They have announced deals for Coal Bed Methane - should increase clean coal initiatives.
- eAuctions are going well, should increase coal utilization.
- They are investing in other non-coal projects as well.
All things considered, the stock is poised for a big jump up - seems like a no-brainer with this dividend yield.