I am still confident of UGL too. I would love to re-enter this one at some stage. It was a vey hard decision for me to sell this one down over those few months. I am now of the view that this market most likely is going sideways or down for the short term (6 months).
My criteria to own a companies stock now is solid, transparent earnings, little debt, and (perhaps) that are short AUD.
Long I have CSL, FGL, WOW, and BKL. Short I have LEI.
Good luck to all UGL holders, and I hope to join you again sometime in the future.
UGL Price at posting:
$14.00 Sentiment: Hold Disclosure: Not Held