Monday, February 26, 2018

UOS- yet another year (yawn)

UOS full year results are out. The juggernaut's balance sheet  looks like this. Are you getting bored yet?





2H17
2H16
2H15
2H14
2H13
Cash
$277m
$398m
$487m
$400m
$435m
Receivables
$258m
$218m
$196m
$169m
$158m
Inventories 
$577m
$385m
$395m
$358m
$310m
Land held for property development
$157m
$143m
$123m
$84m
$22m
Property plant and equipment
$99.4m
$94m
$57m
$62m
$28.2
Investment properties
$929m
$823m
$668m
$679m
$649m
Total of Asset Items above
$2297m
$2061m
$1926m
$1752m
$1602m
Total liabilities
$449m
$460m
$486m
$367m
$344m

3 comments:

galumay said...

Totally bored with my UOS shares, i hope i remain bored for a long time. A classic Ben Graham "Net/Net" business.

Peter Phan said...

Everyone likes to think of UOS as a Graham cigarbutt net/net. However, the facts and figures actually reveal an enterprise that has returned about 13-15% compounding over a 30 year period. So in essence, this is a compounder, but available for purchase at a cigarbutt price for extended periods of time.

ETF Investor said...

I guess the only question what’s the end game and when will the discount to NTA be realised/elimantes or the market to finally sit up and take notice