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UMS Holdings
18-05-2017, 08:56 PM,
Post: #1381
Smile  RE: UMS Holdings
(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.

Sent from my SM-G930F using Tapatalk

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  Smile
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

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19-05-2017, 08:42 AM,
Post: #1382
RE: UMS Holdings
APPLIED MATERIALS DELIVERS RECORD REVENUE AND EARNINGS PER SHARE
  • Record revenue of $3.55 billion up 45 percent year over year
  • Strong year-over-year increases in gross margin and operating margin
  • Record EPS of $0.76 and non-GAAP EPS of $0.79

SANTA CLARA, Calif., May 18, 2017 (GLOBE NEWSWIRE) -- Applied Materials, Inc. (NASDAQ:AMAT) today reported results for its second quarter ended April 30, 2017.
Compared to the same period last year, net sales increased by 45 percent to $3.55 billion; gross margin grew 4.1 points to 45.1 percent; operating margin increased by 9.2 points to 26.5 percent; and earnings per share (EPS) grew 162 percent to $0.76. On a non-GAAP adjusted basis, gross margin grew 3.6 points to 46.3 percent, operating margin increased by 8.6 points to 27.8 percent, and EPS grew 132 percent to $0.79.
The company generated $898 million in cash from operations and returned $390 million to shareholders through stock repurchases and cash dividends.
"Applied Materials delivered the highest quarterly revenue and earnings in our history, and we’ve now set new earnings records for four quarters in a row,” said Gary Dickerson, president and CEO.  “Across the company we have tremendous momentum as our markets are strong and getting stronger, and we’re sustainably growing faster than these markets by expanding our served opportunity and gaining share."........................................


http://www.appliedmaterials.com/en-sg/co...-per-share
________________________________________________________________________________________________________________________________

SSG : Revenue (USD million):
1Q2014 = 1,484 
2Q2014 = 1,584 
3Q2014 = 1,476
4Q2014 = 1,434  (FY2014 = 5,978)
1Q2015 = 1,446
2Q2015 = 1,560 
3Q2015 = 1.635 
4Q2015 = 1,494  (FY2015 = 6,135) 
1Q2016 = 1,373  
2Q2016 = 1,587  
3Q2016 = 1,786 
4Q2016 = 2,127  (FY2016 = 6,873)
1Q2017 = 2.150
2Q2017 = 2.404
________________________________________________________________________________________

Markets are strong and getting stronger for AMAT =>AMAT is growing faster.

To meet increasing demand for its products, I wonder can AMAT really cope without UMS ? Probably not.................
_____________________________________________________________________________________________________________________
Research, research and research - Please do your own due diligence (DYODD) before you invest - Any reliance on my analysis is SOLELY at your own risk.

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19-05-2017, 09:07 AM,
Post: #1383
RE: UMS Holdings
(19-05-2017, 08:42 AM)Boon Wrote: Markets are strong and getting stronger for AMAT =>AMAT is growing faster.

To meet increasing demand for its products, I wonder can AMAT really cope without UMS ? Probably not.................

AMAT's last quarterly revenue was 2.4 US$ billion, while UMS's best quarter revenue was around 40 US$ million (both figures are based on Boon's recent posts)

It is pretty hard to convince myself, that AMAT "can not cope without UMS"  Big Grin

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19-05-2017, 02:08 PM, (This post was last modified: 19-05-2017, 02:26 PM by Boon.)
Post: #1384
RE: UMS Holdings
(19-05-2017, 09:07 AM)YMPL Wrote:
(19-05-2017, 08:42 AM)Boon Wrote: Markets are strong and getting stronger for AMAT =>AMAT is growing faster.

To meet increasing demand for its products, I wonder can AMAT really cope without UMS ? Probably not.................

AMAT's last quarterly revenue was 2.4 US$ billion, while UMS's best quarter revenue was around 40 US$ million (both figures are based on Boon's recent posts)

It is pretty hard to convince myself, that AMAT "can not cope without UMS"  Big Grin

@ YMPL
 
You have raised a very interesting point.
 
“Compared to the same period last year, net sales increased by 45 percent to $3.55 billion”.
 
AMAT ‘s last quarterly revenue was USD 3.55 billion and not USD 2.4 billion.
 
Why do you think USD 2.4 billion is the more “appropriate” revenue number to “contrast” with UMS’s USD 40 million?

Why NOT USD 3.55 billion or other revenue figures like Endura sales?
 
Using USD 3.55 billion would make UMS’s USD 40 million looks even less significant – but would this strengthen or weaken your argument?  
_____________________________________________________________________________________________________________________
Research, research and research - Please do your own due diligence (DYODD) before you invest - Any reliance on my analysis is SOLELY at your own risk.

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19-05-2017, 02:26 PM,
Post: #1385
RE: UMS Holdings
(19-05-2017, 02:08 PM)Boon Wrote:
(19-05-2017, 09:07 AM)YMPL Wrote:
(19-05-2017, 08:42 AM)Boon Wrote: Markets are strong and getting stronger for AMAT =>AMAT is growing faster.

To meet increasing demand for its products, I wonder can AMAT really cope without UMS ? Probably not.................

AMAT's last quarterly revenue was 2.4 US$ billion, while UMS's best quarter revenue was around 40 US$ million (both figures are based on Boon's recent posts)

It is pretty hard to convince myself, that AMAT "can not cope without UMS"  Big Grin

@ YMPL
 
You have raised a very interesting point.
 
“Compared to the same period last year, net sales increased by 45 percent to $3.55 billion”.
 
AMAT ‘s last quarterly revenue was USD 3.55 billion and not USD 2.4 billion.
 
Why do you think USD 2.4 billion ( and NOT USD 3.55 billion or any other numbers) is more “appropriate” to “contrast” with UMS’s USD 40 million?
 
Using USD 3.55 billion would make UMS’s USD 40 million looks even less significant – but would this strengthen or weaken your argument?  
_____________________________________________________________________________________________________________________

Ops, I have mistaken the SSG's (?) quarterly revenue as AMAT's. My apologies, since it followed immediately after the AMAT's result caption.

Anyway, the point remains relevant.  What do you think?

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19-05-2017, 03:11 PM,
Post: #1386
RE: UMS Holdings
(19-05-2017, 02:26 PM)YMPL Wrote:
(19-05-2017, 02:08 PM)Boon Wrote:
(19-05-2017, 09:07 AM)YMPL Wrote:
(19-05-2017, 08:42 AM)Boon Wrote: Markets are strong and getting stronger for AMAT =>AMAT is growing faster.

To meet increasing demand for its products, I wonder can AMAT really cope without UMS ? Probably not.................

AMAT's last quarterly revenue was 2.4 US$ billion, while UMS's best quarter revenue was around 40 US$ million (both figures are based on Boon's recent posts)

It is pretty hard to convince myself, that AMAT "can not cope without UMS"  Big Grin

@ YMPL
 
You have raised a very interesting point.
 
“Compared to the same period last year, net sales increased by 45 percent to $3.55 billion”.
 
AMAT ‘s last quarterly revenue was USD 3.55 billion and not USD 2.4 billion.
 
Why do you think USD 2.4 billion ( and NOT USD 3.55 billion or any other numbers) is more “appropriate” to “contrast” with UMS’s USD 40 million?
 
Using USD 3.55 billion would make UMS’s USD 40 million looks even less significant – but would this strengthen or weaken your argument?  
_____________________________________________________________________________________________________________________

Ops, I have mistaken the SSG's (?) quarterly revenue as AMAT's. My apologies, since it followed immediately after the AMAT's result caption.

Anyway, the point remains relevant.  What do you think?

https://valuebuddies.com/thread-2094-pos...l#pid92379

I suggest you read up posts #922 ( and around there) to get a better understanding - but that was based on the old contracts - we do not know how terms have changed in the new contract.

The new contract has been brought forward 6 months earlier (before the old one expires in mid 2017), WHY ? What are the likely explanations?
______________________________________________________________________________________________________________________
Research, research and research - Please do your own due diligence (DYODD) before you invest - Any reliance on my analysis is SOLELY at your own risk.

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20-05-2017, 10:46 AM,
Post: #1387
RE: UMS Holdings
(19-05-2017, 03:11 PM)Boon Wrote: https://valuebuddies.com/thread-2094-pos...l#pid92379

I suggest you read up posts #922 ( and around there) to get a better understanding - but that was based on the old contracts - we do not know how terms have changed in the new contract.

The new contract has been brought forward 6 months earlier (before the old one expires in mid 2017), WHY ? What are the likely explanations?
______________________________________________________________________________________________________________________

Yes, I read the post, including all your posts on UMS

I am still hard to believe that "AMAT can not cope without UMS", with two orders of magnitude different in sales figure.

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21-05-2017, 01:09 PM,
Post: #1388
RE: UMS Holdings
(20-05-2017, 10:46 AM)YMPL Wrote:
(19-05-2017, 03:11 PM)Boon Wrote: https://valuebuddies.com/thread-2094-pos...l#pid92379

I suggest you read up posts #922 ( and around there) to get a better understanding - but that was based on the old contracts - we do not know how terms have changed in the new contract.

The new contract has been brought forward 6 months earlier (before the old one expires in mid 2017), WHY ? What are the likely explanations?
______________________________________________________________________________________________________________________

Yes, I read the post, including all your posts on UMS

I am still hard to believe that "AMAT can not cope without UMS", with two orders of magnitude different in sales figure.

http://searchcio.techtarget.com/definition/value-chain

Posted by: Margaret Rouse
 
Value Chain: 

According to John Del Vecchio writing for Fool.com, a value chain is "a string of companies working together to satisfy market demands." The value chain typically consists of one or a few primary value (product or service) suppliers and many other suppliers that add on to the value that is ultimately presented to the buying public.


Microsoft and its Windows operating systems, the nucleus of the personal computer desktop for which much business software is developed, is often cited as a prime example of a company and product that drives a value chain. The businesses who buy personal computer software may spend far more on the add-on software than on the essential operating system that is the de facto standard for running the software. To the extent that companies standardize on Windows, Microsoft is said to control a value chain. This particular value chain was reported in a McKinsey study to be worth $383 billion in 1998. Although Microsoft's share of the value chain was reported to be only 4% of the total, that was still $15.3 billion. 
A company that develops a product or service that engenders a value chain by providing a platform for other companies is considered more likely to increase its market share than a company that tries to provide the entire value chain on its own.
___________________________________________________________________________________________________________________

Microsoft's figure was 4% (in 1998) which is even LOWER than UMS' share of the value chain estimated around 8%~10%.

So how relevant is the magnitude of this figure?
___________________________________________________________________________________________________________________
Research, research and research - Please do your own due diligence (DYODD) before you invest - Any reliance on my analysis is SOLELY at your own risk.

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22-05-2017, 01:21 AM,
Post: #1389
RE: UMS Holdings
“To meet increasing demand for its products, I wonder can AMAT really cope without UMS ? Probably not.....”
 
1)  New contract has kicked in starting Jan 2017, replacing the old contract that will expire only in mid 2017.
2)  Under the new contract, unit price is lower but volume is higher than before – based on reports from forummers who had attended AGM.
3)  UMS recorded new all time high quarterly revenue/NPAT in its 1Q2017 results.
4)  Unit price is lower, this means volume has certainly INCREASED in 1Q2017 – but we do not know by how much?
5)  It means UMS has delivered “extra volumes” – possibly at record high – for AMAT to meet increasing demands for ONE of its product line – Endura (assuming the new contract has yet to go “beyond Endura”.). This would not have been possible if UMS did not have “spare” production capacity. In short, UMS has helped AMAT cope with meeting increasing demand for its products.
6)  UMS is going to expand production capacity to meet further demand.
7)  Hence, I wonder can AMAT really cope without UMS……….
8)  This is a “supply chain issue”, which is different from the “value chain”
_______________________________________________________________________________________________________________
Research, research and research - Please do your own due diligence (DYODD) before you invest - Any reliance on my analysis is SOLELY at your own risk.

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