Uchitec resale additional 398,800 treasury share between RM2.84-2.85. Together with earlier resold proceed, should total up about RM2mil cash. Hope this amount will be redistributed back to shareholder in addition to usual dividend payout.
SOLD 23% of my Uchitec @ 2.93 this morning. Just in case it can't break 3.00. I waited ELEVEN years & only dumped 2x of the bonus shares I got last year so my adjusted avg cost was 2.563 :D https://www.youtube.com/watch?v=5nGN1q3PoBg
For all Uchi shareholders' sake, I hope you were wrong @sasword :) Unfortunately, the directors and management of Uchi think current level is over priced despite it is still below intrinsic value. Retailers are buying/holding while the directors/management are selling.
Congratulations to all shareholders as Uchitec has now reached RM3/- although the number of shares transacted is relatively low. A new milestone for this counter.
Despite co. selling off their treasury shares, this baby breaks $3.00, a NEW record high! https://www.youtube.com/watch?v=0AukFn0yns0 Well, I sold 3 biji @ 2.92 some weeks back but no regrets, still got 10 biji held since 2006 :D
I love this stock..... slow and steady...... don't have to worry abt goreng and dump. Good Mgmt and good financial standings (cash abt 220 mil) and good dividends
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Shines
2,824 posts
Posted by Shines > 2017-10-05 19:18 | Report Abuse
Wonderful cheers