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.
Yes, I sold my UMG at a profit as when management would not say...
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Last
$8.81 |
Change
0.030(0.34%) |
Mkt cap ! $1.976B | |||
| Open | High | Low | Value | Volume |
| $8.82 | $8.87 | $8.74 | $5.655M | 643.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 2308 | $8.77 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $8.81 | 5799 | 4 |
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| Last trade - 16.10pm 24/06/2024 (20 minute delay) ? |
| GNC (ASX) Chart |