Currently hold UXC shares and accumalating at these levels.
Has no debt, with the sale of Field Solutions and the capital return of 2 cents and paid down its debt to 0, with approx $22 to $25 million in cash, and the current buy back, makes this a top IT company.
If they get this company back on track, in the good times the current .40 share price will represent double digit dividend yield , say 3.5 to 4 cents and probably fully franked as they have approx over $6m in franking credits available.
Fingers crossed in next 12 to 18 months this stock will represent its true value closer to 80 cents.
Interesting when comparing with other IT stocks , OKN,TNE,SMX......UXC looks very attractive at current price .395 to .40 cents
Add to My Watchlist
What is My Watchlist?