Yes, I sold my UMG at a profit as when management would not say even from which country a client incurring an A$16 million bad debt emanated, it was time to liquidate my holding.
There are some factors at play with UMG that it cannot control, such as previous government overreach with COVID-19 restrictions, but factors that it can manage have not all been handled well in my huimble, outsider's view.
The Chairman at UMG needs to depart. I recall how unimpressive he was when at the Business Council of Australia.
In contrast, GNC seems quite well managed.
Ann: GrainCorp upgrades FY22 earnings guidance, page-14
-
- There are more pages in this discussion • 34 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add GNC (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$8.92 |
Change
-0.120(1.33%) |
Mkt cap ! $2.005B | |||
| Open | High | Low | Value | Volume |
| $8.94 | $8.97 | $8.84 | $2.798M | 313.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 28 | 5312 | $8.91 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $8.92 | 843 | 5 |
View Market Depth
| Last trade - 15.45pm 02/08/2024 (20 minute delay) ? |
| GNC (ASX) Chart |