Australian (ASX) Stock Market Forum

UXC - UXC Limited

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betelgeuse said:
Purple Xs2,
Did you attend the last agm of UXC and what was your impression of the meeting?
As a shareholder, I attended and was not really impressed. I think there were only about four genuine shareholders who attended and who were not associated in some capacity with the company. It seemed to be a meeting largely only of true believers due to being an employee, director etc.
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Interesting observation, bg, I've often wondered who the shareholder population contains. Not a lot of determined holders, that's for sure :p:

As for myself, I've not been to any AGMs (neither in UXC or any other), no colleagues in my business-unit have made any mention of such if they have. We dwell outside the mainland capitals (AGM was held in Melbourne, if I recall correctly).

Share price hovering in the .80s. Hit a intra-day low of .80 earlier this week. For what it's worth, I've got a buy order in at .76. My record as a bottom picker is however, very sad.

Meanwhile, business keeps trucking along. As for the SP ...?
 
Purple XS2
Whats the current feelings in UXC about the recent SPP plans that allows shareholders to sunscribe for up to $10,080 worth of stock at $0.42 each?

UXC seems to have tracked down from its previous highs to around 40c and hasn't recovered as well as the broader market.

Their statements give some gloss on orders and expectations of earnings from environmental products and RECS but the marekt doesn't seem convinced.
 
gerg said:
Purple XS2
What's the current feelings in UXC about the recent SPP plans that allows shareholders to subscribe for up to $10,080 worth of stock at $0.42 each?

UXC seems to have tracked down from its previous highs to around 40c and hasn't recovered as well as the broader market.

Their statements give some gloss on orders and expectations of earnings from environmental products and RECS but the market doesn't seem convinced.
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Yeah, I've been less than excited for the last couple of months, however today I decided to get back in and grab a few more. UXC has plodded along building up its revenue stream, nothing flash, but at least we haven't disappeared down the debt gurgler, which gives me grounds for cautious optimism, looking foward to all those green shoots appearing.

As for the bonus issue in lieu of dividend, well our Good (Geoff - Chairman, exec) Lord is nothing if not creative.

If all goes well, it'll go really well. :drink: Otherwise it all goes :flush:
 
I am a bit confused. Could someone please enlighten me! :eek:

UXC has a P/E below 10, a P/B at almost 1!!!, forecast growth of around 30%, a decent dividend yield and the current/quick ratios don't look too bad.

Why are people selling the price down? I must be missing something.

Cheers :D
 
The company today released its half yearly report and did not declare a dividend. The share price promptly dropped about 10 per cent. My guess is it will drop sharply again tomorrow heading towards 45 cents, the 'bonus' share price value. Why is it called a bonus share when it costs 45 cents and moreover is only available to shareholders who received the bonus options 12 months ago?
Mr Lord is talking about delisting and demergering. I only hope this is not the prelude to the company being flushed down the toilet.
 
As a proud, passionate and paid-up member of the Hawthorn Football Club, betelguese, nothing would surprise me more. ;)
 
This company looks like toilet :flush:

I stupidly hold. Oh well, I am reasonably new to the share market and didn't invest too much. Learn from your mistakes!
 
Looks like someone is buying.

UXC n 22-10-13.gif

I'll keep an eye on the gap around 1.14. That could start a breakout rally.
 
I agree that the UXC chart is looking interesting. If price fills the gap then it will form an ascending triangle with the resistance at 1.25. A break of 1.25 would interest me.

My demand indicators (OBV and TMF in the volume pane) are diverging. The OBV is rising while the TMF is falling. This is unusual and I would prefer to see them line up before any eventual break-out.

uxc2210.png
 
On February 29th, 2016, UXC Limited (UXC) was removed from the ASX's official list in accordance with Listing Rule 17.11, following implementation of the scheme of arrangement between the Company and its shareholders in connection with the acquisition of all the shares in the Company by a wholly owned subsidiary of Computer Sciences Corporation.
 
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