Afr weekend edition has highlighted that ugl is well advanced in seperating it engineering business from it property and real estate with the engineering business holding a lot less debt and that it will be on the lookout for bolt on aquisitions once the separation is complete. The seperation was due to be completed by June 2014 but will now be completed a lot earlier as new CEOs and management for the two businesses are now in place. Stay tune our wish may be granted earlier than first thought.
TSE Price at posting:
$1.11 Sentiment: Buy Disclosure: Held
