United Energy Limited

By Intelligent Investor · 13 Feb 2002

By Intelligent Investor ·
13 Feb 2002

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United Energy Limited - UEL

Current price

n/a

Price at review

$2.41 at (13 February 2002)

All Prices are in AUD ($)

We've been getting more interested in this one as its price falls. While the recent full year result was nothing to write home about, it didn't surprise too many people. Net profit fell 63.5% to $47.1m with earnings per share falling a similar amount to 11.2 cents. As expected, the dividend was maintained at a fully franked 9 cents (ex 19 Feb). We suspect the good dividend is supporting the stock somewhat so there may be a good buying opportunity after the ex date. We'll take a more detailed look in the next issue. LONG TERM BUY.

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.

United Energy Limited

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United Energy Limited

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