day of days?, page-6

On wednesday the SP fellto 6.74. Today it is 7.64. How can an SP move so fast (on no news) without the large funds/traders having worked it down relentlessly over the previous week. Imagine having sold below 6.70!! You'd feel gutted. Hold yr nerve. If UGL increase divs on Tuesday the mkt will def take notice. Still another dollar in this SP before ex-div (aprox 24/02)IMO. If the CEO forecast is confident and positive (eg. like LEI) then it could reach 9.oo fairly smartly.

Yesterday LEI anounced a 54% drop in profit but maintained div for both interim and full year in their statement.
On wednesday BKN ann a 53% increase in profit yet decreased div by 33%. Their SP was smashed. Cutting divs sent a message to mkt: 'we have little confidence re our company's prospects'. In 5 months BKN tanked from $10.40-1.55.

UGL has multiple earning streams. they sure add up. Am looking fwd to Tuesday to read the results. In a bear mkt strong divs will underpin a company's SP.... provided divs paid-out from profits. UGL will not borrow money to pay divs. it will ALL be from earnings and mkt loves that. So do I.