Posted by chong > 2012-05-26 17:20 | Report Abuse

http://www.youtube.com/watch?v=qMWnxm6NxWQ&feature=share

Posted by Vel R > 2012-05-26 17:21 | Report Abuse

klsebandit: As you receive notice of the AGM, you are entitled to attend. Even if you hold only 1 share, you are shareholder and can attend all meetings called for shareholders.

Posted by theews82 > 2012-05-26 17:46 | Report Abuse

Alright, sell it. Why do you still keep it? The company keeps on buying back its share at the range 1.3x-1.4x. Do you have any idea why? Obviously its for 2 reasons
1. DRS purpose
2. Probably to reduce the availability of shares in the market, thus make it easier to be pushed higher later on.
Im not sure im right or wrong, But there is a statement by YTL, Francis which i think worth to remember " When you see a company keeps on buying back its own share, you can predict that something has been planning behind it". Maybe im wrong and maybe you are right, so a sell for you, and a hold for me until it reaches my Price....

Posted by aunloke > 2012-05-26 20:47 | Report Abuse

andyteng: DRS is dividend reinvestment scheme i.e you can opt for the company share instead of taking the cash ,the ratio for the exchange will be announced later by UOAD.

Posted by andyteng > 2012-05-26 21:26 | Report Abuse

Thanks

Posted by chong > 2012-05-27 00:59 | Report Abuse

http://www.youtube.com/watch?v=SsK3zk6eB5k

Posted by jtpc2006 > 2012-05-27 20:20 | Report Abuse

bro Chong, which is better for us, cash dividend or substitute with DRS ?

Posted by chong > 2012-05-28 01:22 | Report Abuse

For me cash is always the better choice...remember cash is king..always safe. hee, hee, hee..

Posted by jtpc2006 > 2012-05-28 11:55 | Report Abuse

thanks bro, u are right as usual, cash is king and queen, haha...

Posted by jtpc2006 > 2012-05-28 15:17 | Report Abuse

bro Chong, UOADev coming along nicely...

Posted by chong > 2012-05-28 17:02 | Report Abuse

Last queue UOADev sold 1.5 million shares....wow

Posted by theews82 > 2012-05-28 17:32 | Report Abuse

it is just starting, The real go is on the date when DRS price is fixed...

Posted by chong > 2012-05-29 01:51 | Report Abuse

Yes brother theews82 , UOADev & son CB will go higher, just be patient for the report to come out.....1st QT Report of 2012 should be out yesterday just like E&O but they just don't announced it,, maybe today?

Posted by theews82 > 2012-05-29 08:47 | Report Abuse

I believe once DRS price fixed, UOADEV will use some lil money to push up the price to encourage us to choose DRS.Thats the reason for shares buy back, i guess....

Posted by chong > 2012-05-29 11:25 | Report Abuse

It's coming!!

Posted by jtpc2006 > 2012-05-29 11:42 | Report Abuse

sure bro Chong, huat huat aleady on the way!!

Posted by newb > 2012-05-29 14:09 | Report Abuse

1 question how do i choose cash or drs??

Posted by dick yap > 2012-05-29 15:28 | Report Abuse

Any one know the out come of todays AGM?

Posted by chong > 2012-05-29 16:07 | Report Abuse

Watch out for UOADev & son CB

Posted by Brandon8066 > 2012-05-29 16:22 | Report Abuse

Brot Chong, what u main Watch out!

Posted by chong > 2012-05-29 16:42 | Report Abuse

Watch out means watch it going higher.

Posted by Vel . > 2012-05-29 16:49 | Report Abuse

A consistent high price will not be good for setting the DRS. Lesser % returns. Unless the price moves downward during the price fixing period.

Posted by theews82 > 2012-05-29 17:35 | Report Abuse

yeah, agree... after fixing date it should have a real go...

Posted by Nelson Yoong > 2012-05-29 19:39 | Report Abuse

uoadev net profit 41 millions

Posted by theews82 > 2012-05-29 20:03 | Report Abuse

The difference was due to fair value adjustment....

Posted by quyen850906 > 2012-05-29 20:24 | Report Abuse

the financial out, good or not?

Posted by taxi > 2012-05-29 20:34 | Report Abuse

for me...not so gd

Posted by quyen850906 > 2012-05-29 20:34 | Report Abuse

so taxi, will affect tomorrow performance ?sigh

Posted by theews82 > 2012-05-29 20:54 | Report Abuse

To compare, take away the fair value adjustment. Because it wasnt cash item.... For me, its good...

Posted by quyen850906 > 2012-05-29 20:59 | Report Abuse

will see how the performance tomorrow, hope can fly like Takaful up 10% with 40% profit

Posted by BullBear > 2012-05-29 21:14 | Report Abuse

The Group registered revenue for the quarter under review at RM148.1 million which was marginally higher than the corresponding quarter in the preceding year.

The Group’s profit attributable to the owners of RM40.9 million was 69% lower than corresponding quarter last year mainly due to absence of fair value gains on investment properties compared to the corresponding quarter of the preceding year.



Revenue:148.076 mil (1QE12) 145.734 mil (1QE11)
Profit minus the FV adjustment: 47.591 mil (1QE12) 41.456 mil (1QE11)

Cash and cash equivalents at end of period: 166.564 mil for 1QE12 & 67.629 mil for 1QE11.

Tomorrow should be trading plus/minus not more than 10sen.

Posted by bryan_su > 2012-05-29 22:13 | Report Abuse

damm disappointment results..

Posted by chong > 2012-05-30 00:45 | Report Abuse

Still I say the results is positive...why because the previous report as value gains were added.

So we can happily say that UOADev present quarter is higher than the last quarter.

Now read this please..

PRESS RELEASE
FOR IMMEDIATE RELEASE
UOA DEVELOPMENT BHD CONFIDENT OF POSITIVE GROWTH IN 2012 WITH STRONG SALES FOR FIRST QUARTER
Kuala Lumpur, 29 May 2012 - UOA Development Bhd (“UOA” or “UOA发展有限公司”) today announced its financial results for the first quarter ended 31 March 2012.
For the quarter under review, UOA recorded a slight quarter-on-quarter (QoQ) growth of 1.6% in revenue at RM148.1 million, and a pre-tax profit of RM62.5 million.
Profit after tax and minority interests (PATAMI) was lower at RM41.0 million compared to the prior-year figure. This was due to the absence of fair value gain in the quarter under review in comparison to the corresponding quarter of 2011.
UOA maintains a strong balance sheet position with cash and equivalent of RM166.6 million as at 31 March 2012, which together with the low gearing ratio, allows for potential future land acquisition and development.
During the quarter, The Vertical Office Suites @ Bangsar South and Le Yuan Residence in Happy Garden were launched with positive response. This has contributed to the first quarter’s new sales of RM443.7 million with a rise in total unbilled sales of RM722.6 million.
UOA expects to commence sales of its development projects such as Desa II, Kiara IV and Subang Land in the second half of 2012. Together with the launches for the first quarter, the estimated total Gross Development Value (GDV) for its development projects in 2012 amounts to RM1.5 billion.
Barring any unforeseen circumstances, UOA expects to record a stronger growth in new sales for FY2012.

Posted by chong > 2012-05-30 00:50 | Report Abuse

BTW, 1 kaki had sapu UOADev son CB ...yes this kaki sapu all all the 2888 lots of 7.5 cents at 1 scoop when mother share stay stagnant.

So, is this buying an indication that they buy son first in anticipation of the rise of mother to come later?

So let's all wait & see how's the performance today morning.

Posted by Eagle95 > 2012-05-30 01:20 | Report Abuse

Will fly tmr,mother n son cb,cheers

Posted by kong73 > 2012-05-30 04:52 | Report Abuse

very positive results.

Posted by bryan_su > 2012-05-30 08:20 | Report Abuse

dun lie ur self... during the IPO, it is the big player counter... now only 3sen eps... reasonable price is 1.00!

Posted by tansrihew > 2012-05-30 10:38 | Report Abuse

CHONG: WHAT HAPPEN TO THE 10 SEN DIVIDEND?

Posted by bryan_su > 2012-05-30 10:43 | Report Abuse

"he" will only appear when the price move up...

Posted by chong > 2012-05-30 10:44 | Report Abuse

They should have announced as yesterday at the AGM all resolutions including the 10 cents dividend had been passed...wonder what took them so long?

Posted by derrtan > 2012-05-30 12:51 | Report Abuse

Speechless....already hold for about 8 months...not getting any where..avg price 1.52

Posted by theews82 > 2012-05-30 12:58 | Report Abuse

ouch, thats sad case, im holding it 6 months edi. average price 1.40. How come yours so much higher? since it has dropped to as low as 1.1x before...

Posted by derrtan > 2012-05-30 13:16 | Report Abuse

i went in when it drop from 1.7x to 1.58...i manage to average out to 1.52....:(

Posted by bryan_su > 2012-05-30 13:20 | Report Abuse

after ex-date, drop below RM1.2... then can average down again...gone counter!!

Posted by Vel . > 2012-05-30 14:53 | Report Abuse

Dividend: I hold the view that the announcment of dividend will have to take account of the DRS. This is on the assumption that they company would prefer a higher take-up rate on the conversion to share rather than a cash dividend payout. But then again, the company is also cash rich.

Thus, until that price fixing date is confirmed, there may not be an dividend announcement. But I am not sure if there are any Bursa Guidelines on such announcments, someone else can provide additional info.

Posted by smartly > 2012-05-30 16:10 | Report Abuse

looks like may go back to 1.4X....

Posted by messiBarca > 2012-05-30 16:26 | Report Abuse

very disappointed holding this stock since IPO

Posted by Kl Vin > 2012-05-30 16:32 | Report Abuse

I having RM1.70 and RM1.40 ~~~ PLAN TO SELL THEM AT RM2.00 ~~~
THIS COUNTER IS VERY POTENTIAL !!! KING DEVELOPER IN BANGSAR !!

Posted by angkor > 2012-05-24 16:44 | Report Abuse

Stop dreaming. I hold it since IPO and it is fooling me.

Posted by Yuzuki > 2012-05-31 10:13 | Report Abuse

lol indeed a king developer, a champion but unfortunately only "jaguh kampung"