Gee, we have really tumbled. Lost >20% since news of the last govt rail contract. It's been a strong year, though. Annual results in August had us at a share price of 66c, so we almost doubled in a year, and now have pulled back. buyback expires in September and will be reviewed. If it begins again, the shares will be bought back more cheaply- good business sense there.
Meanwhile, there is loads of buying of UXC. I recall in the past that the company rejected private equity bids- when the share price was much lower- and said the company was worth $1.30. We have grown substantially since then. The share price is still dropping, though. Be interesting to see if there is a new catalyst for share price growth.
UXC Price at posting:
98.0¢ Sentiment: None Disclosure: Held