looking strong, page-2

Finished slightly in the red on a shocking day for ASX. I expected the SP to fightback and always nice when it happens. Wanted to buy even more at lunchtime but no bucks in the kitty.
The reason (IMO) is that UGL has scores and scores of contracts with time frames as long as 20 years!! Certainly many are 5 years in length. These are mainly work for service earnings and each year UGL gets more contracts.
Investors know UGL has excellent record of winning tenders in both pvt and govt sector. Read through their list of announcements over past 6 months. The economy is tanking yet virtually every fortnight a new contract is gained by UGL. They have $8.7Billion of work booked in. Not hard to make 155m profit from that amount of revenue.

Expect EPS of 98-102c this financial year and divs of about 68c Ffr.

Damn good for a ASX100 company that is relatively 'safe.'
I have no doubt investors (esp. super funds) came for UGL this afternoon as it was way oversold and UGL fits the super funds crireria perfectly. UGL is leaving DOW and TSE in the dust. I predict UGL will be one of the top ASX100 achievers in FY09 and beyond. has had 7 straight years of 15-20% increase in rev and earnings.
Expect surprise to the upside on 17 Feb.