short sellers, page-35

To think that UGL will 'maintain it's (FY12) div' is incredulous. Last yr the company paid-out 70c ffr. This financial yr FY13 its not even going to earn 70cents!! The update indicates that earnings in 2HFY13 have slumped massively. It will barely make a profit. Hence i expect final div to be slashed from 36c ffr to about 8c partially franked! Next year may see total divs in the 40-46c range. SP still weak and could slide further. I expect a price of about $6.80 to attract fair amount of interest from buyers. Not a bad company. Recent update came out of the blue and hammered SP. Has strength in rail.