United Engineers

[nsengkia]

He is playing a dangerous game. The balance sheet of UE is already leveraged enough. Unless he thinks he can monetize more than what's on the book, there is not much to gain.

UE is no F&N.

Buddies may want to take a look at UE E&C instead. Even with a whitewash waiver to make a bid for UE E&C along with a bid for UE, if a UE takeover does materialise I opine that it would only be a matter of time before UE E&C is put on the block.
Vested in UE E&C