UIC

D tycoon is watching him very closely. Unless, d tycoon wanted to forgo his majority stake loh. Water face issue liao.

Again ,its a long process to make thing happen. Moreover, now there are uncertainty in d market sentiment, esp in d ppties sectors which directly affect UOL, UIC n Sp Land biz.

Trading vol is low for ds burger, no sign of major accn. It can't make d figure. Perhaps, u may wait 4 their 1Q report, say by mid Apr onwards loh.  

Biz: FY08 turnover, ppty invs 32.1%; hotel 13.2%; ppty trdg 47.9%; technilogies 6.8%.

FY08 ended end last yr, lumbered into d red due to fair value loss on invs ppties. NPAF -74.638m as compared to d preceeding yr07 of earning of NPAF 1174.832. Div given 3 cts XD 8 May, pay 25 same mth.

D dug of war bt UOL n Phi tycoon on accn on UIC had ended in Mar ds yr. However, UOL could only secured 48.94% of d co, failing above d 50% mark to trigger a takeover offer, resulting d offer to lapse. Offer px for UIC then was 1.20, 1.19 n 1.18 married deal.

UIC holding 72.4% stake on Sp Land, hence failing d above, d initial mandatory unconditional cash offer for Sp Land shares at $3.57 per pcs in vain as well. Sp Land div given 20cts XD 20 Apr, pay 20 May.

Latest, UIC done at 0.985 ab ak lots ch hand.

Sp Land done at 3.08 vol traded 130lts.

Wishes to supp UIC, no harm to take a look at Sixth Ave Residences n The Regency at Tiong Bahru red pjts.