Universal Travel Group (fka UTRA)

[pappy]

By receiving a International Travel License UTA has gained not only another source of future revenue & growth but this will also increase margins since they will no longer have to pay a fee to others.

The fee will instead be paid to UTA.

I do wonder why some Institutions like Par have decided to sell their position at a time when the future looks so bright.

I realize its been a uphill battle for all Chinese r/mergers with p/e ratios continuing to shrink while growthrates continue strong.

I also believe we are very close to rock bottom values & the shorts are running thin on targets to hit although they did a good job on cagc today.

Or was it just the effects on cagc products from the long draught in China.

I am looking forward to UTA reporting on time sometime next month although a date has yet to be released to my knowledge.