Hi Mike, As you know I bought stacks of UGL back under $10, but...

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.