Truth is UGL 'never left town.' Flying today as all the big funds climb in. Did u see the recos from UBS, Credit suisse, JPMorgan etc etc etc!!! Some are saying target price over 16.00!! Now 13.98. Juuuuust 2 more 2c nd SP will be double the 7.00 of 5.5 months ago.I bought all the way down to 7.00 and begged readers to get some. 9 consecutive double-digit profit increases. What more can one want??
Last night discovered a small WA engineering stk with clients such as WPL(pluto), BHP and WOR. On PE=3.0 and about to ann fantastic FY09 result.i estimate 7c ffr div=11.6%=16.6% with imputation credit.!! see relevent thread for details. This is a sort of mini-UGL and will appeal to UGL readers and followers of engineering/mining engineering stks. It could be a TO target. I will write to UGL CEO and suggest he take a close look. It will give perfect base to engineering establishment in WA which UGL needs esp with Pluto and now Gorgon about to bring over 50 Billion is engineering revenues in WA alone!!! mind-boggling.
UGL Price at posting:
$13.96 Sentiment: Hold Disclosure: Held
