Even @ $1.50 that more than 50% loss to me...
This organisation is turning itself around and doing very well, i have hung onto these shares since the last 2 x capital raisings @ $3 and $3.10 where i bought majority of my stock.....
So even though they haven't paid a dividend in a few years, i've left it alone in the hope that they turn the company around, pay their debt off, return to dividend payments and thus share prices recover to more sustainable levels considering how well this company is doing, its imo one of the better ones doing well compared to other services companies.
UGL tried to do a takeover of TSE/BRS many years ago @ $4.50 a share and it was rejected by the owners and board at the time.
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Dani Nadri, Country Manager Australia
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