SP down $1.00 since original post and i couldn't resist re-entering UGL at 9.76 today. It may fall further if overseas mkts tank and i'll utilise any weakness to double my stake. Apart from the loss of IPL contract and problems with another 30million dollar construction that should have been finished by last november.... things remain on track for UGL. Have reduced my final div forecast to 36c but still reasonable given the circumstances. Competitor TSE has once again lost favour with mkt and dropped substantially this past week. For infrastructure stks UGL remains the most consistent and reliable.
UGL Price at posting:
$9.75 Sentiment: Hold Disclosure: Held
