ian huntley adding to ugl holding:

sourced from "Your Money"-excellent read-emailed from a friend.

www.morningstar.com.au - copyright Huntley

"I will double exposure to United Group, a company managing director Richard Leupen is building in a very admirable way. Our recent reviews detail the current outlook well. I am particularly impressed with his last significant takeover in the US - it has come through this latest stress test remarkably well.

I will sell our Macquarie Group holding and use $100,000 of the proceeds to increase the UGL position at current prices around $13.75."

This backs up my opinion, and I have been adding parcels of UGL over the past month- at 13.00 13.30 and 13.98. Great div, great management, low p/e and being shunned after WOR announcement!!!!

BUY BUY, best mining services and eng company around, ELI way overpriced by the way....

DYOR