I have no confidence in UGL based solely on the decision to sell DTZ. Why on earth you'd sell your best performing asset is beyond me...
Take a look at relative valuations of JLL and CBRE and you get a feel for what it could be worth, if they weren't desparate to sell to pay off debt. Still wishing they planned to spin-off the property services division - I'd still own UGL if that were the case.
On another note - with $180m net cash, what are the chances MND might go down the acquisition path?
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 (20min delay)
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Last
$3.09 |
Change
0.060(1.98%) |
Mkt cap ! $1.413B | |||
| Open | High | Low | Value | Volume |
| $3.06 | $3.09 | $3.03 | $3.482M | 1.137M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 165 | $3.08 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.10 | 7671 | 4 |
View Market Depth
| Last trade - 16.10pm 11/07/2025 (20 minute delay) ? |
| NWH (ASX) Chart |