Forum Topics My Coal Stocks
erank
Added 10 months ago

Since joining Strawman and reading hundreds of posts/straws I've decided to keep my coal holdings after days of weighing it up. After buying the four largest coal companies evenly on the ASX, I'm going to stick to my original plan and keep my coal exposure.

Four shares i've read on here have caught my eye - Lycopodium, Credit Clear, Environmental Group and AI Media. I've been tempted to sell a portion of my shares and buy into these, but against my better judgement I'm going to hold. I have a habit of buying companies quickly and somewhat with a gut instinct, so i think i'm better off just waiting for my monthly pay and making a well thought out decision.

Why i made my original decision:

  • Abundance of cash, hopefully they can invest it well and de-risk
  • Coal price should maintain and increase over the next few years
  • Investments into the coal space will be more difficult, driving up the coal price and limiting new entrants into the market
  • Companies looked cheap + making a lot of money
  • Large dividends
  • Planned to keep them long-term(5+ years) and ride out any drops in coal price

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