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Well the other thing I noticed in UGL's accounts was $11m in...

  1. CaptainBarnacles
    7,719 Posts.
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    29/09/16
    11:21
    Post #: 19502861
    Well the other thing I noticed in UGL's accounts was $11m in insurance expenses. They are certainly somebodies important client I suspect. I imagine most of this is work cover etc, and project insurance etc.

    UGL hasn't made any response - but IMO their insurance situation should be material in this instance, and should be disclosed. (Well - maybe - I just am keen to find out - lol)
    Last edited by CaptainBarnacles: 29/09/16
    IMF Price at posting: $1.84 Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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