Mr Market is not in the mood todaylah..have to wait when he is in the mood to break 1.60. Anyway, uoa is making profit so i dn worry so much...it is mid term counter n have strong mangement team with 10billion potential project in the pipeline. Company is not too higly geared as well. They have a stake in uoa reit as well..smart move by management as it assure them income frm dividends as well.
UOA DEVELOPMENT BERHAD Subject: Proposed Disposal of Investment Property, a 14-storey office building by Nasib Unggul Sdn Bhd, a wholly owned subsidiary of UOA Development Bhd (“UOADEV” or “Company”), to DKLS Industries Berhad for a total consideration of RM93,800,000.00 (“Proposed Disposal”)
The original cost of investment and the date of such investment Original cost : RM26,429,601 Date : 7 April 2008
UOA Development Bhd (“UOA Development” or “Company”) Proposed Share Buy-Back Authority
Announcement Details/Table Section :
UOA Development wishes to announce that the Company is proposing to seek the approval of its shareholders to purchase up to ten percent (10%) of its existing issued and paid-up share capital (“Proposed Share Buy-Back Authority ”) at the point of purchase, pursuant to Section 67A of the Companies Act, 1965, Chapter 12 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad and subject to any prevailing laws, rules, regulations, orders, guidelines and requirements issued by the relevant authorities, at a forthcoming general meeting to be convened.
A circular setting out details of the Proposed Share Buy-Back Authority will be despatched to the shareholders of the Company in due course.
Good management, good land bank, good quality projects, good dividend yield, just sit and collect dividends also happy. Better than FD with limited downside.
Brother ezuwan79 , just be patient, UOADEV day will come & as CIMB said, for short time trading TP is $1.84 & early June we can expect another good quarter report & it will have another increase in price perhaps.
So stay my friends, if it doesn't go up as we all want it to be but we can take comfort in taking the dividend of 10 cents in the meantime...much better than banks FD.
forget about UOADEV, totally gone case, long term also die... only EPF want it... no other, all kaki earn a bit lari... consider other better, mahsing, paramon, E&O,crescendo..
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
nubhan
892 posts
Posted by nubhan > 2012-04-18 09:33 | Report Abuse
good one. This counter just signal a breakout! North will be! Good call guys!