UXC 0.00% $1.22 uxc limited

Who's to know!...personally I'm long on this stock.....Geoff...

  1. 680 Posts.
    Who's to know!...personally I'm long on this stock.....Geoff Lord has invested millions of his own recently at around the 0.5 mark having been forced to sell (following a Margin Call "disaster" with the ANZ associated with Opes Prime from memory)....could be a bargain at 0.40.....pays good divi's atm and i think the diverse business model looks very good but currently a victim of the "dump if in debt" syndrome.....comsec did recently reduce lvr from 50 to 40% but not sure if that's an indication of much! they also have relatively high lvr's on more vulnerable stocks....eg 70% on asciano.....

    http://www.zdnet.com.au/news/software/soa/UXC-cost-cutting-fails-to-deliver/0,130061733,339294528,00.htm?omnRef=http://www.google.com.au/search?hl=en&q=uxc%20lord%205%20million&meta=
 
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