Today i sold out my shares in UXC. Personally i feel the report due wont be good news. Very little positive news from uxc over past 6 months and 2 many bolt ons that i feel may be struggling to have impact on the bottom line for the price that was paid for these. Recs are at all time low with flood of them on market and very small margin in most of govt contracts.Apart from this all the new shares that come on market in march will dilute price even further i feel.
UXC has stood the test of time while others green companies have fallen over. They have always paid good divendend, but my personal opinion is they will struggle for the next 12months.
If im correct it may be good buying opportunity at much lower prices. For those that hold i wish you all the best.Its still great little company but i just feel its on struggle street in the market at the moement. Time will tell.
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