no no no.... I never can saaay goodbye. Gloria Gaynor.
Well when it comes to UGL it seems i keep coming back. Everytime i do the sums it strikes me as one of the ASX100 best bets..... if not THE best. Standby on tuesday 18 August for a 11% increase in NPAT and 36c final dividend making a total for FY09 of 65c. I reckon EPS will be 95-96c/share. This will be the 8th consecutive year of double digit growth in earnings and dividends for UGL. Can any other ASX200 company match that? I doubt any can. A company this size should IMO trade at a PE of 14. That equates to SP of $13.30. At $11.70 its well below true value in my estimation. Hence, i have been re-acummulating since $11.30 mark and wish i had started earlier!!. To think this was $7.00 only 5 months ago!! What an incredible crazy time we went through. Hope many many readers have bought over the past 9 months. What a ride it has been!!
MikeM.
Add to My Watchlist
What is My Watchlist?