Hi Mike,
As you know I bought stacks of UGL back under $10, but I have recently sold my whole position over the past few months, with my final parcel sold this week. I have been ploughing the proceeds in to Fosters from $5.32 - $5.48 (since September). I think that with an equivalent div, plus the chance that FGL could soon be a popular choice for equity investors, (ie safety), that I am happy to park these funds here. Including div, UGL was a 40% return for me. I wish that I had known about them a bit earlier, but thanks for your informative posts back in April'ish - June'ish
I will look to re-enter UGL at some stage, but I think that there are safer places to park funds at the moment. Safety seems to be the order of the day.
PS I also sold all of ARB - remember my plug to you on that one? Including divs, this was a 100% return for me. BKL was my other big one, currently close to 100% too. At the moment, I have FGL, WOW, CSL, and ANN and BKL.
Cheers.
- Forums
- ASX - By Stock
- month after month
Hi Mike, As you know I bought stacks of UGL back under $10, but...
-
- There are more pages in this discussion • 22 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add UGL (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
SER
STRATEGIC ENERGY RESOURCES LIMITED
David DeTata, Managing Director
David DeTata
Managing Director
SPONSORED BY The Market Online