Posted by chong > 2012-04-06 17:00 | Report Abuse

Perform stronger today. Let's see if it moves higher next week.

Posted by jacklew > 2012-04-06 17:06 | Report Abuse

btw, when is the AGM?

Posted by chong > 2012-04-06 17:07 | Report Abuse

No idea brother jacklew ...wait for the announcement.

Posted by chong > 2012-04-06 18:11 | Report Abuse

Good news here.....read on...


PROPOSED DIVIDEND REINVESTMENT SCHEME


1. INTRODUCTION

On behalf of the Board of Directors of UOA Development (“Board”), CIMB Investment Bank
Berhad (“CIMB”) is pleased to announce that UOA Development is proposing to undertake, a
dividend reinvestment scheme that will allow shareholders of UOA Development
(“Shareholders”) to have the option to elect to reinvest their dividend entitlements (i.e. cash
dividends that have been declared by UOA Development (“Dividend(s)”) which include
interim, final, special or any other cash dividend) in new ordinary share(s) of RM0.05 each in
UOA Development (“Share(s)” or “UOA Development Share(s)”) (“Proposed DRS”).

In addition to the above, UOA Development had on 6 April 2012, submitted an application to
Bursa Malaysia Securities Berhad (“Bursa Securities”), seeking its concurrence to allow the
Proposed DRS to be applicable to its first and final single tier dividend of 10 sen per UOA
Development Share (“Final Dividend”) that was announced on 23 February 2012
(“Concurrence Sought”).

Posted by chong > 2012-04-06 18:15 | Report Abuse

Shareholders will receive the Electable Portion in cash if they do not expressly
elect in writing to exercise the Option to Reinvest by the Expiry Date. As such,
Shareholders who wish to receive their Dividends wholly in cash need not take
any action with regards to the Notice of Election.

Posted by chong > 2012-04-06 18:16 | Report Abuse

Pricing of New Shares

UOA Development will issue New Shares to Shareholders who elect to exercise the
Option to Reinvest under the Proposed DRS. The Issue Price which will be
determined by the Board on a price fixing date to be announced later, shall be the
higher of the following:

(a) at an issue price of not more than ten percent (10%) discount to the five (5)
day volume weighted average market price (“VWAP”) of UOA Development
Shares immediately prior to the price fixing date to be determined; or

(b) the par value of UOA Development Shares at the material time.

The New Shares will be issued free of any brokerage or fees to the Shareholders
unless otherwise provided by any statute, law or regulation.

Posted by chong > 2012-04-06 18:19 | Report Abuse

http://i5.photobucket.com/albums/y193/chongwah/uoa22.png

Posted by bryan_su > 2012-04-06 18:48 | Report Abuse

deep shit for warrant holder..........

Posted by chong > 2012-04-06 19:18 | Report Abuse

It's ok brother bryan_su , it's the issuing bank CIMB purposely pushing down the price of CE....price of mother share increase to $1.50 but CE still at 7 cents , same as when mother was at $1.40

Posted by bryan_su > 2012-04-06 19:46 | Report Abuse

chong gor, if let said the bigger shareholder (UOA holdings)take the re-invesment plan...the share increase a lots, the earning per share diluted very much, some more, it just focus in klang valley area, dun understand why still want to increase its capital... very risky.. think abt mahsing, with so much of big projects, they never do that which is good for small investors..now uoadev look like dijaya case already but even worst than dijaya, capital increase but the business still the same... if there plan to go outside from klang valley, then much reasonable.

Posted by chong > 2012-04-06 19:56 | Report Abuse

Yes, brother bryan_su,you got a good point here... if the UOA Holding take the reinvestment plan, it will dilute the eps, that's for sure. But then if the company doesn't pay cash dividend, then they will use this cash to reduce the bank's borrowings.

Posted by bryan_su > 2012-04-06 20:24 | Report Abuse

chong gor, they got RM330m cash and only 10m borrowing .... if they don't have a plan to expand the business, i don't see a need to do so (DRS).. Some more, in the bad economy right now. cash is KING!

Posted by chong > 2012-04-07 01:27 | Report Abuse

Maybe, just maybe, the extra money can be use further expansion to buy more land or perhaps pay the banks so that the company will be just cash rich & no borrowings, hee,hee,hee & this will be wonderful as most investors will come in probably...hopefully lah.

But then if we don't reinvest , we can always opt for cash payment.

Now UOADEV is following the Maybank's style who is the 1st to adopt this scheme in Malaysia.....maybe UOADEV is the 2nd one, correct me if I am wrong please.

Cheers brother bryan_su, let's hope for more to come with the just released report from CIMB.

Posted by tansrihew > 2012-04-07 06:17 | Report Abuse

bro chong: do you know when is the ex date for this dividend?

Posted by chong > 2012-04-07 06:42 | Report Abuse

Brother tansrihew, we have to wait for the announcement of the AGM & then it will have to approved there itself first.

Posted by bryan_su > 2012-04-07 13:13 | Report Abuse

maybank the first, affin second...

Posted by angkor > 2012-04-08 11:42 | Report Abuse

Waiting for next week to see some fireworks on this counter...

Posted by chong > 2012-04-08 14:02 | Report Abuse

Yes, brother angkor, let's hope so too.

Remember what CIMB report just said a few days ago...this..


UOA Development - Unjustified depressed valuations

Due to the depressed share price, UOA Dev’s valuations are among the cheapest in our property coverage. Its P/Es are the lowest while its dividend yields are the highest.....what more can you ask for, better than SPSetia perhaps?


Let's hope it catches the foreigners eyes as well as local fund managers, hee, hee, hee

Posted by chong > 2012-04-08 14:11 | Report Abuse

With such good EPS, low PR, dividend yield, cash rich,etc, etc, this counter should actualy be able to reach around SPSetia price of more than $3 but it had not, keeps me wondering too.

Posted by chong > 2012-04-08 14:48 | Report Abuse

CIMB just gave a new report with a TP of $1.84.....so, fireworks tomorrow starts?


Now read this..

UOA Dev is on track to meet our
full-year core net profit forecast of
close to RM300m, trumped only by
SP Setia and UEM Land. But UOA
Dev’s market cap trails far behind,
leading to mid-single digit P/Es and
a dividend yield that is several
multiples the sector average. The
reason for the depressed share price
is investor concern over the
company’s large exposure to
commercial and high-rise residential
properties which are more sensitive
to downturns. We think that the
concerns are overblown. Investors
should take opportunity of the weak
share price to accumulate this cheap
stock.

Posted by chong > 2012-04-08 16:37 | Report Abuse

UOA Dev is very much on track to meet our full-year core net profit of close to RM300m as YTD new sales of over RM300m are ahead of target and there are enquiries for several blocks of Horizon. A net profit of nearly RM300m would put it in third place, after SP Setia and UEM Land. However, UOA Dev’s market cap is a fraction of the top two developer’s market cap which means the stock is trading at mid-single digit P/Es, the lowest in the sector. Its dividend yield of 8% is the highest in the sector. The company also has net cash of around RM300m or 25 sen per share and is trading at a 44% discount to RNAV, the steepest in the property sector. This makes UOA Dev a very attractive investment proposition. We make no changes to our earnings forecasts, RM1.84 target price and Trading Buy recommendation.

http://i5.photobucket.com/albums/y193/chongwah/uoadev_finance.png

Posted by chong > 2012-04-08 16:41 | Report Abuse

UOA Development’s RNAV


RNAV per share (RM) 2.62..WOW


http://i5.photobucket.com/albums/y193/chongwah/UOADEV_NTA.png

Posted by chong > 2012-04-08 16:51 | Report Abuse

Sector Comparison

For the dividend yield UOADEV is the highest in all Asian...wow, wow....now see snapshot I made...see the comparison please.


http://i5.photobucket.com/albums/y193/chongwah/COMPARISION.png

Posted by JimYeoh > 2012-04-08 17:58 | Report Abuse

Chong.. Thanks for sharing.. This stock definitely good for long term investment

Posted by chong > 2012-04-09 00:41 | Report Abuse

You are much welcome brother JimYeoh & let's hope that all of us here who invest in this counter make some really good money...you too included brother. Let's see it moves to higher ground starting this morning.

Posted by kong73 > 2012-04-09 15:51 | Report Abuse

I just bought some on the back of the cimb report.

Posted by angkor > 2012-04-10 11:43 | Report Abuse

Some positive sign on this counter. More upside potential now.

Posted by chong > 2012-04-10 14:26 | Report Abuse

Tuesday, 10 April 2012
UOA Development - OUTPERFORM


..now read it here the details please..


http://journeytowealth88.blogspot.com/2012/04/uoa-development-outperform.html


More wang for all to come perhaps...so stay my friends.

Posted by angkor > 2012-04-10 16:38 | Report Abuse

AGM on 29/5/2012. Together with the Q1/2012 result.

Posted by Mutantxz 2000 > 2012-04-10 18:29 | Report Abuse

EPF is start to buying =)

Posted by chong > 2012-04-11 03:40 | Report Abuse

EPF still buying?....good positive sign,more to come too?

Posted by angkor > 2012-04-12 10:07 | Report Abuse

EPF in accumulation mode now.

Posted by angkor > 2012-04-12 10:08 | Report Abuse

EPF in accumulation mode now while the yield is still high.

Posted by Newb > 2012-04-12 16:16 | Report Abuse

why cnt it break thru 1.51

Posted by aunloke > 2012-04-12 17:01 | Report Abuse

Very simple, push it too high few will opt for DRS .

Posted by chong > 2012-04-12 17:26 | Report Abuse

Brother Newb , hope that $1.51 will be broken tomorrow perhaps?

Posted by Kl Vin > 2012-04-12 17:32 | Report Abuse

I STUCK AT RM1.70 almost few months.. I COLLECT AGAIN AT RM1.33 ~~
TP : RM2.00 !! :D
EPF START COLLECTING !

Posted by chong > 2012-04-12 18:01 | Report Abuse

Yes, brother Kl Vin, EPF is collecting but there are few interested kakis...wonder why this solidly good counter doesn't seem to attract them?


Thursday, 12 Apr 2012

5:12PM EMPLOYEES PROVIDENT FUND BOARD ("EPF BOARD") (225,300 Shares Acquired)

Tuesday, 10 Apr 2012

5:19PM EMPLOYEES PROVIDENT FUND BOARD ("EPF BOARD") (699,000 Shares Acquired)

Monday, 9 Apr 2012

5:31PM EMPLOYEES PROVIDENT FUND BOARD ("EPF BOARD") (699,000 Shares Acquired)

Posted by Mohd Shuk > 2012-04-12 18:50 | Report Abuse

Noted!!!

Posted by Nelson Yoong > 2012-04-13 17:23 | Report Abuse

EPF acquired 337,000 shares in open market on 9 apr 12 now direct 5.19%

Posted by angkor > 2012-04-17 10:05 | Report Abuse

EPF is buying even more now... trending up before the dividend payout.

Posted by chong > 2012-04-17 10:14 | Report Abuse

Today good for mother & son CB....more to come perhaps...see the volume please.

Posted by Eagle95 > 2012-04-17 10:38 | Report Abuse

Waiting for so long,finally...fly..tp1.69

Posted by kong73 > 2012-04-17 16:57 | Report Abuse

nice

Posted by angkor > 2012-04-17 17:23 | Report Abuse

Thank to EPF..

Posted by chong > 2012-04-17 17:40 | Report Abuse

Today closing is good for mother & son CB...confident to say that there's more to come tomorrow...as I had always say , stay on & then wait for the dividend announcement that comes when the AGM is being held.

Posted by tcr5585 > 2012-04-17 19:03 | Report Abuse

hope can break rm1.6 tomorrow..

Posted by eddyng3300 > 2012-04-17 23:07 | Report Abuse

most likely, closed day high!

Posted by chong > 2012-04-18 00:16 | Report Abuse

Today above $1.60....quite confident I can say. So hang on my friends.

Posted by tamasi > 2012-04-18 00:34 | Report Abuse

sure one