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This is the most resilient property stock - most of its property are non residiential
krisluke ( Date: 21-Feb-2011 12:45) Posted:
UIC: Given 76.5% owned SingLand results, 2010 results were also boosted by revaluations. full yr 2010 rev dipped by 4% to $972.0m but net profit rose to $703.0m compared to a loss of $142.8m prev in 09. Operating profit rose 1.5% to $402.3m over 2009.
Revaluation gains on property was a positive $691.0m compared to a loss of $658.5m in prev yr. The slight fall in rev was explained by the completion of residential projects of Tianjin Jun Long Square, One Amber, Grand Duchess and Northwood. Of note, UIC Building was valued at $659m in Dec 2010 up 62.7% from $405m in Dec 09. A div of 3.0c has been declared same as 09. UIC, with NAV of $2.71, is trading at P/B of 1.0x. |
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UIC: Given 76.5% owned SingLand results, 2010 results were also boosted by revaluations. full yr 2010 rev dipped by 4% to $972.0m but net profit rose to $703.0m compared to a loss of $142.8m prev in 09. Operating profit rose 1.5% to $402.3m over 2009.
Revaluation gains on property was a positive $691.0m compared to a loss of $658.5m in prev yr. The slight fall in rev was explained by the completion of residential projects of Tianjin Jun Long Square, One Amber, Grand Duchess and Northwood. Of note, UIC Building was valued at $659m in Dec 2010 up 62.7% from $405m in Dec 09. A div of 3.0c has been declared same as 09. UIC, with NAV of $2.71, is trading at P/B of 1.0x.
Illiquid counter. About 83% held by WCY and Gokongwei.
jansenboy ( Date: 06-Jan-2011 23:14) Posted:
| My bad. I think it didn't had any trade going throught before lunch. Mistaken it as being suspended. Volume seemed very low today. |
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My bad. I think it didn't had any trade going throught before lunch. Mistaken it as being suspended. Volume seemed very low today.
Suspended????
jansenboy ( Date: 06-Jan-2011 13:56) Posted:
| Anyone has any idea why stock is suspended today or where to get the news to find out what is happening? |
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Anyone has any idea why stock is suspended today or where to get the news to find out what is happening?
From left pocket to right pocket through old backside magic. hope shares to go up ???
UOL buys UOB's stake is UIC
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ttp://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_2FF46A2694FE35A0482578010044DEA5/$file/Acquisition221210.pdf?openelement
As is stands,
WCY - 47%
Gokongwei - 36%
Last week saw on Bloomgerg news ticker that Telegraph Developments Ltd (Gokongwei's stable) was issuing more shares to raise USD1.5b cash.
Proxy fight brewing?
As mentioned before, the 2 BBs battled out for a controlling stake in UIC is in indeed a blessing for all who of invested or intend to invest.
shplayer ( Date: 04-Dec-2009 16:33) Posted:
| Looks like something may be brewing?.....price been creeping up past few trading days and gapped up to 18c today (now 16c)....supported by vol. |
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Looks like something may be brewing?.....price been creeping up past few trading days and gapped up to 18c today (now 16c)....supported by vol.
SGX announcement today
WCY - bought 100lots - new total holdings - 37.022%
JG - bought 275 lots - new total holdings - 35.367%
Tussle brewing? or buying on dips?
Hope they outbid each other to the delight of investors
shplayer ( Date: 01-Dec-2009 09:11) Posted:
Yesterday, 30 Nov, SGX announced that Gokongwei acquired 208,000 shares from the open market.
Tally now stands - WCY - 37.014%
JG - 35.347%
Is this the beginning of a tussle for control? |
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Yesterday, 30 Nov, SGX announced that Gokongwei acquired 208,000 shares from the open market.
Tally now stands - WCY - 37.014%
JG - 35.347%
Is this the beginning of a tussle for control?
| UIC |
_ 3 mths ended Sep 2009 ___ Net Profit (S$M)_ |
$ 74.77 |
___ + |
55% |
At close of offer today, UOL received acceptances and bought from the open market 48.94% of UIC. Therefore, the offer has lapsed without becoming unconditional. What this means is that the GO for SpLand will not proceed and UIC minorities (3.37%) who accepted the offer will have their shares returned to them. This leaves UOL & gang controlling 45.57% of UIC.
From announcement today, MS sold their UIC to UOL. So, now there are 2....WCY and Gongweki. Game over, WCY has strengthened his hold on UIC. Difficult for GWK to gain the upperhand now. Back to the doldrums......can expect UIC to move according to market sentiment....
http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_358A70C2585A4DD94825756E004C0B06/$file/CloseofOfferAnnouncement_3March2009.pdf?openelement
From Fri (27 Feb) trade, 194,426,000 shares were married at 1.20. Of this, there was one married trade of 130,950,000. Two other significant trades were 29,866,000 and 18,302,000. Checking thru the significant shareholders list, I suspect MS may have thrown their lot to the UOL thru the open market cos, besides them, there does not seem to be any other significant shareholder with 130,950,000 shares (last MS reporting they held 150,680,005 shares).
Think this 45% stake may spur WCY to take control.....afterall, he needs to secure about 65m more shares in the next 2 days...(GO closes 5.30pm Tues). Alternatively, he can extend the offer period, or up the offer price a bit ..........upping the offer price may not cost him that much as he only has to match this price for those who have accepted the GO. Those who sold in the open market will not be entitled to the improved price.
TradeChancellor ( Date: 01-Mar-2009 13:51) Posted:
AK, that means wee cho yaw 45% vs go kong wei 35%?? Its now impossible for go kong wei to win unless morgan stanley sells the 12% to him  |
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so possible for we small timer to buy some and keep in the hope that that 1 lot becomes detrimental? :-)
TradeChancellor ( Date: 01-Mar-2009 13:51) Posted:
| AK, that means wee cho yaw 45% vs go kong wei 35%?? Its now impossible for go kong wei to win unless morgan stanley sells the 12% to him |
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AK, that means wee cho yaw 45% vs go kong wei 35%?? Its now impossible for go kong wei to win unless morgan stanley sells the 12% to him
There was tug-of-war in taking control of UIC bt UOL n Gokongwei, a Phi tycoon. Fri, UOL bought 177530 lots of UIC shares. Bulk of them done at 1.20 others 1.18 n 1.19. Thats explains d extremely high vol. There were d merried deal, fr financing institute. UOL now is holding 45% stake but his target is 50%. Hence, will see more active trading on UIC next week or so.
Bet who better ah? If playing pocker, Capland show hand, UIC chow liao. But once Mr Wee take over totally control of UIC, then can carry on the game liao. BTW, UIC, UOL n UOB Mr Wee is the Chairman.
cskoh1008 ( Date: 01-Mar-2009 00:12) Posted:
| but what causes the surge in trading vol right now? UIC and capitaland, which is the better bet. (Iam new in stock, btw) |
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