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WHAT ON EARTH IS GOING ON HERE????????????????????
i wonder if now is a good time to start collcting this? can anyone advise?
The stock has run up considerable from 70c to a high of $1 before dropping back to 89c.
Seems like a steep drop back down is probable as volume has decrease drastically.
very volotile. yesterday up. today down a lot.
From my date of purchase till now, UE E& C has run up significantly. At today's price, there is not much margin of safety left and it is quite fairly valued.
Took profit today and made 31% gains in 2 months.
Will pick up some more in the future when price goes down.
In the meantime can look for better companies to invest. Cheers!
StewardLittle ( Date: 21-Jun-2013 10:33) Posted:
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just add some into my pofolio.
wow, what happen ??
Price steadily going up. Very strong accumulation today.
Expect good results in next week reports.
Two developments to be launched in 2H13 With the Ascentia Sky project almost completed, we expect the group to focus more on Austville Residences and Watercolours, which are almost fully sold.
UE E& C is expected to launch its Prince Charles and Punggol EC projects in 2H13. The Prince Charles project is likely to feature a high-end development and we estimate its break-even price to be around S$1,450 psf. As a comparison, the nearly Echelon condominium is already > 90% sold with median price of ~S$1,650 psf (for Apr-13).
For the Punggol EC, we estimate an average selling price of S$740 psf versus an estimated break-even of S$650 psf.
Sincere Thanks for helping.
StewardLittle ( Date: 27-Jun-2013 23:33) Posted:
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Are you talking to me? Where did you see cash drop? Do you mean net cash?
Anyway, I find UE E& C attractive because unlike other companies in this industry, UE has NET CASH.
Net cash fell debt because of higher debts due to capex.
If you follow the annual reports, the company free cash flow has been consistent and strong. Again, compare it to other companies in the same industry and you will not find these strengths.
Furthermore, the company is new and has great potential to grow. It has a great dividend yield, trades below book value, with high ROE. To me, these are very attractive.
I cant tell you how much the share price will be, but hopefully it can rise up to the parent company?
Don't worry, it is OK , my apology, if u are also not so sure, i am even worse.
your understanding is greatly appreciated. I have 5 lots of OUE, and 30 lots CNA , got stuck here, because greedy.
I dare not so much buy penny, was burn before to 3k.
johnloke49 ( Date: 27-Jun-2013 22:30) Posted:
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Thanks, how much do you value the share? i see the cash has decrease 11m, I do not know how to read finance, could you please state why , thanks for sharing.
I have only ipo share. only may want to buy more, after reading here.
StewardLittle ( Date: 27-Jun-2013 22:18) Posted:
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From their 2012 annual report:
The Group’s residential property
projects sold well during the year.
In May, the Group launched 416-unit
Watercolours, an EC in Pasir Ris, and
chalked up sales of over 75% of total
number of units by December. It also
managed to sell all the remaining
units in Austville Residences, an EC in
Sengkang that was launched in January
2011.
I'm looking at the austville residences.
johnloke49 ( Date: 27-Jun-2013 21:20) Posted:
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Me thought it is a eng and const, company, do they develop property? Can share please.
StewardLittle ( Date: 27-Jun-2013 20:34) Posted:
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After much thought, bought 20lots today at 70cents.
Their condos are fully sold so it should bode well for the company. Huat ah!
Can't post pictures?
BULLISH HARAMI PATTERN, TECHNICAL BUY?
no one interested in this?
dividend yield quite high at 7%
was looking at UE when i came across this.
ue e& c seems a much better buy than the father company?
it is net cash with a pe of 4!
can buy at a price of 68c? seems attractive?