Post by
bigreturn11 on Feb 22, 2019 11:01am
SRHI owns 15% of Corsa
Corsa released a nice Q4 and FYE 2018 report yesterday. Strong profit for 2018 and guidance of roughly $15M or $0.17 EPS for FYE 2019 based on strong metalurgical coal sales. SRHIs share is poised for another bump.
https://stockhouse.com/companies/quote?symbol=v.cso
CSO shares are up 6% so far today and have increased from $0.65 in early February to $0.81 today. The CSO gain in that time frame is $15M and SRHI's 15% share of CSO increased $2.3M in the same time frame.
$2.3M CSO gain / 34M shares SRHI is $0.07 per share increase in SRHI value.