Intelligent Investor

UNiTAB Limited

By · 2 May 2003
By ·
2 May 2003
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Recommendation

UNiTAB Limited - UTB
Current price
n/a

Price at review
$5.35 at (02 May 2003)
All Prices are in AUD ($)
This Queensland-focused wagering and gaming group announced it should make a profit of more than $40m for the full-year. That figure didn't astound us but was obviously music to the ears of many investors, with the share price rising 7% in one day. We suppose a little reassurance goes a long way in a nervous market like this. The stock is up 6% since 125/Apr 03 (Hold for the Upside - $5.07). HOLD FOR THE UPSIDE.
IMPORTANT: Intelligent Investor is published by InvestSMART Financial Services Pty Limited AFSL 226435 (Licensee). Information is general financial product advice. You should consider your own personal objectives, financial situation and needs before making any investment decision and review the Product Disclosure Statement. InvestSMART Funds Management Limited (RE) is the responsible entity of various managed investment schemes and is a related party of the Licensee. The RE may own, buy or sell the shares suggested in this article simultaneous with, or following the release of this article. Any such transaction could affect the price of the share. All indications of performance returns are historical and cannot be relied upon as an indicator for future performance.
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