UXC has dissapointed with the introduction of ILID. For those without knowledge of ILID, it was the proposed electronic ticketing system to be introduced on to store shelves, to replace the current paper ticketing system. All prices are linked through a computer and are displayed on the shelves. I brought the stock many years ago based on this idea - BUT WHAT HAS HAPPENED TO IT?
The company has seemed to focus on acquisitions and bolt ons, and in almost every case has worked very well for the company. The management and structure of UXC seems to be working very well, and agree that the management of UXC is one of the best on the ASX. However, the real growth and potential for huge profits is ILID. Why is management not focusing on growing this great idea? This is the biggest potential for the company and hence shareholders, especially as the trademark for this technology is almost global.
Why is not more effort put in to this technology? If only UXC could get the technology in to Coles or Woolworths, then wait for the results. If one gets it, the other is sure to follow suit, and this is just Australia. Imagine the potential worldwide.
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