Infrastructure sector of UGL looking very good. Exc rev and profit growth recorded. Very large order book with most potential projects classed as 'low risk.' i.e. good chance they will proceed. Worth remembering this order book (and CEO forecast) does not include any potential wins from Rudds infrastructure boost.That list of projects due to be announced next month. I have little doubt UGL will win its fair share. Its record of winning govt work speaks for itself.
UGL Price at posting:
$7.96 Sentiment: Buy Disclosure: Held