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