UMS Holdings

(17-05-2017, 05:34 PM)barneyonline Wrote: Seems likes you all are right

So how much do you all think I should hold until? S$1.5? Any advice?

You have already concluded that UMS is overpriced..I think its difficult for u to make a U turn. If you are losing your sleep over your UMS stake, jus sell until you can sleep well. I think this is the best advice.

(17-05-2017, 05:45 PM)mslee888 Wrote:

(17-05-2017, 05:34 PM)barneyonline Wrote: Seems likes you all are right

So how much do you all think I should hold until? S$1.5? Any advice?

You have already concluded that UMS is overpriced..I think its difficult for u to make a U turn. If you are losing your sleep over your UMS stake, jus sell until you can sleep well. I think this is the best advice.

Actually not sure why you assume it is diffcult for me to make a U turn and mention I lose sleep. So kua zhang. I can take it even if the share price drops back to S$0.62. I wouldnt die. I have sufficient fund to play you losing sleep?

(17-05-2017, 06:20 PM)barneyonline Wrote:

(17-05-2017, 05:45 PM)mslee888 Wrote:

(17-05-2017, 05:34 PM)barneyonline Wrote: Seems likes you all are right

So how much do you all think I should hold until? S$1.5? Any advice?

You have already concluded that UMS is overpriced..I think its difficult for u to make a U turn. If you are losing your sleep over your UMS stake, jus sell until you can sleep well. I think this is the best advice.

Actually not sure why you assume it is diffcult for me to make a U turn and mention I lose sleep. So kua zhang. I can take it even if the share price drops back to S$0.62. I wouldnt die. I have sufficient fund to play you losing sleep?

Once in a while, some new fellow will come along and irritate fellow VB-ers. If you think it is overvalued,  then sell. Simple and case closed. 

(17-05-2017, 06:25 PM)yawnyawn Wrote:

(17-05-2017, 06:20 PM)barneyonline Wrote:

(17-05-2017, 05:45 PM)mslee888 Wrote:

(17-05-2017, 05:34 PM)barneyonline Wrote: Seems likes you all are right

So how much do you all think I should hold until? S$1.5? Any advice?

You have already concluded that UMS is overpriced..I think its difficult for u to make a U turn. If you are losing your sleep over your UMS stake, jus sell until you can sleep well. I think this is the best advice.

Actually not sure why you assume it is diffcult for me to make a U turn and mention I lose sleep. So kua zhang. I can take it even if the share price drops back to S$0.62. I wouldnt die. I have sufficient fund to play you losing sleep?

Once in a while, some new fellow will come along and irritate fellow VB-ers. If you think it is overvalued,  then sell. Simple and case closed. 

Hahaha, yawnyawn, I don't think it is bad to hear from people who have different views. Especially amidst the current bullish trend, people tend to become overly optimistic, it is important to have such robust discussions so we can be able to critically assess our view of the company's potential going forward. In fact, I got to learn about some angle of looking at the counter that I did not consider before, which is very enriching to me also.


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(17-05-2017, 07:12 PM)Xiaosaint Wrote: Hahaha, yawnyawn, I don't think it is bad to hear from people who have different views. Especially amidst the current bullish trend, people tend to become overly optimistic, it is important to have such robust discussions so we can be able to critically assess our view of the company's potential going forward. In fact, I got to learn about some angle of looking at the counter that I did not consider before, which is very enriching to me also.


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I don't think yawnyawn's point is about that. IMO, the barney user was portraying very bad etiquette as a poster. There's tones of sarcasm hidden within his posts, and at times, he's just outright aggressive. If I read him wrongly, I apologise. But I do not believe I am alone in this.

Some moderator's advice:

- We need to realize that VB.com becomes a value added place for everyone, when it is used as a forum for discussion (exchange of ideas), not justification of ideas/actions. Sometimes, it is not easy to differentiate between the two, but there is a big difference.

- I would like to think that if we manage to keep reminding ourselves that all these are exchange of ideas and we are able to keep ourselves "open", then the entire discussion will not go out of topic and will stay robust.

- Whether you registered as a new member or old timer, you should do your part for VB.com (the ecosystem with the symbiotic relationship)

- End of the day, not everyone will make money, but everyone will learn and get wiser in the long run.

Moderator

If I pissed off anyone that I am not aware of. Sorry. Was just stating what I think. I did hold my shares in the end. It did go up. I did acknowledge that I was wrong. Please do not put too much emotion in my message but just the content. Forgive me everybody. For I am just a newbie.

(18-05-2017, 09:16 AM)barneyonline Wrote: If I pissed off anyone that I am not aware of. Sorry. Was just stating what I think. I did hold my shares in the end. It did go up. I did acknowledge that I was wrong. Please do not put too much emotion in my message but just the content. Forgive me everybody. For I am just a newbie.

I reckon the objective of the forum is to promote value investing. One important point about value investing is fundamental analysis, and assume price is not a good indicator of value.

We should never conclude solely by the price movement. You might be right at the end of the day.

I am holding an opinion that UMS is at slightly above fair value with the current price. It is not wrong to sell now, IMHO. Of course, YMMV 

Just to share something interesting.

Was chatting with a friend who works near UMS. My friend told me, he observed that Andy Luong changes his high end car very frequently for a period of time. Perhaps Andy sells his shares to sustain his lavish lifestyle, while keeping a balance between compounding wealth and enjoying life. Insiders may sell for a host of reasons but insider buying most likely speaks positivity.

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(18-05-2017, 06:47 PM)holymage Wrote: Just to share something interesting.

Was chatting with a friend who works near UMS. My friend told me, he observed that Andy Luong changes his high end car very frequently for a period of time. Perhaps Andy sells his shares to sustain his lavish lifestyle, while keeping a balance between compounding wealth and enjoying life. Insiders may sell for a host of reasons but insider buying most likely speaks positivity.

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Interesting info on the private lifestyle of Andy, though your friend didn't mention when the "period of time" was and how "high-end" the cars were.

However, to put things in perspective, Andy is the only SSH with 20.6% stake in UMS. 

Maybe below points should also be considered:

1) Being a SSH or any directors of UMS, he has to obey SGX ruling to declare any share sales/purchase, no matter how small amount, within a few work days of such transaction. So I don't suppose he sold his shares in the last 2 years since he last declared insider share sale was in Mar 2015.


2) Andy has a habit of selling his stake in UMS in the beginning of the year until March 2015. He did mention he did it for his personal interest which some other VB buddies has shared in earlier posts in quite detail, if I recall correctly. In FY2014 AGM (held in Apr2015) , he mentioned 20% is just right and he will stop selling. So far, he seemed to have kept his word for the past 2 years. 


3) Assuming UMS continue to pay 6cts dividend each year, with his holdings, he stands to collect every quarterly a substantial amount sufficient for him to sustain a lifestyle of changing cars frequently ( well, unless your friend mentioned he always pay for his high-end car in cash in full amount ). And this amount is also almost 2x his current pay package, based on latest AR. With this, I am always glad Andy didn't pay himself a fat pay package but instead, try his best to share the profits to shareholders, which in fact, he also stand to gain. In order to maintain the dividend payout policy, he has to make sure UMS can generate sufficient free cashflow each quarter . This in a way, is also to keep UMS mgmt team on its toes, to make sure they can deliver to shareholders.

4) With the price rocketing to an almost unprecedented level this year, I'm sure Andy will be glad he don't have itchy-hand to sell his stake like he did in the past of he stand to lose > 60% in price appreciation, with the latest >$1 price.
P.S: I'm also glad I'm not itchy-hand to sell all my stake, as it continue to hit new highs..

I do, however, agree that if he starts to sell again, it may start another wave of selling with shareholders suspicious that UMS is "overvalued". 

Just sharing my 2 cents worth, no offence intended 
But if this is really important, I'll try attend FY2017AGM next year to clarify with Andy Luong why he like to change cars , lol.

- vested in UMS