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VUL…. are you more interested now at $10

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VUL…. are you more interested now at $10

Hi James/Harry, Recently you answered a question about VUL saying "from a risk / reward perspective leaving us neutral the stock in the $11.5-$12 region." VUL is now at $10. Are you seeing value at that price?

Answer

Hi Alain,
Firstly, Harry tells me we have missed a few of your questions, sincere apologies. We’re still having a few issues with our Q&A tab on the site so for those that may have asked questions that I have missed, that apology is extended to you. We have worked on this over the break and I’m hopeful that the new solution will fix the issue.

The risk/reward is a lot better at $10 however having read the short report that was put out on VUL and the fact Gina Rinehart has been a seller since, I’m not overly keen on it, and nor is the market given how hot the sector is and how muted the VUL share price has been. I think it’s too 50/50 here.

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Vulcan Energy (VUL)
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