How good was the report?
We expected $0.2 dividend, got nothing. I gave UGL a financial question mark. Why? something I did not know?
US court case?
EBIT (underlying): A$71.2m < my expected = A$85m
If without lower corporate costs and a lower effective tax rate, NPAT would be much worse
In the past 12 months, investors not only decreased capital (from $12 to $6.3) and could not get this $0.20 dividend. No one happy.
(I am holding short position)
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