This is probably the best Australian growth stock you've never heard of. Full credit to Nigel and Max (who also works at Harness) for pointing this stock out to me. The long-term performance of this stock is truly outstanding and its future continues to look bright. I recently took a position on a long-term view, and if you are looking for a good write up on the stock, please check-out the article on the Harnesss website.
Kristian
Disclosure: own UOS
More resources:
ReplyDeletehttp://www.eternalgrowthpartners.com/node/168
http://www.eternalgrowthpartners.com/Update165
Good write up on UOS. However, I think waiting a while longer to see how the property market plays out in KL would be a safer bet as there have been reports of a glut of commercial properties in KL so maybe opportunity to get in at a lower price if that market falls.
ReplyDeletehttp://asia.nikkei.com/magazine/20140123-Geared-for-success/Markets/Malaysias-government-could-be-building-office-property-bubble
Great job with the blog.
Hi DC,
ReplyDeleteUOS appears to have the magic combination of outstanding management AND very cheap price. I bought some recently, however would love to see a lower price (assuming the fundamentals haven't changed) to buy more.
So perversely, in some ways I hope you are right. Management have done a great job at managing through property cycles, so the play here is to buy a great management team cheaply and not property as such.
And thanks for the comment on the blog.
ReplyDeleteInteresting to see this stock on the blog here Kristian. I must admit I had not heard of it until recently. Certainly has a low profile. I bought some only a few weeks ago. Just a smallish stake for me now probably more that I need to find the time to read up on it a bit more before committing more funds. Appreciate the link to the Harness write up, shall have a close look at that.
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