Friday, February 17, 2017

Bid Farewell To UMS Temporarily

This is will be a rather short post. 

Finally, made my first transaction in 2017 yesterday. I have decided to release all my UMS shares at 70 cents yesterday. In fact, UMS is one of my best performing stock so far (about 27% capital yield, excluding dividend). 

The reason for my selling? Because it has met my threshold and its P/BV (Price over Book Value) is at a higher side now (at 1.55). 

I strongly believed that I will get back into it again in the near future as the business is still in good shape and the dividend yield (8.8%) remains tempting. UMS has been paying me 6 cents annually for the past 2 years.

Are you vested in UMS? If yes, are you considering realizing some profits from the recent price hike too? 

Cheers!

2 comments:

  1. Hi Richard ! ,
    Wow ! 27% of return exclude dividend ,,,, great !! ๐Ÿ‘๐Ÿ‘I have also taking profit on this counter recently but still keeping some ,, just to keep the interest on this counter and monitoring if any new development withile continue to collect the dividend ,, ๐Ÿ‘๐Ÿฝ๐Ÿ‘๐Ÿฝ
    Cheers !!

    ReplyDelete
    Replies
    1. STE : Thanks! I guess the different is your "partial release" probably more than my full holdings! Lol
      Dividends is yummy for this counter.. I will be back :-)

      Delete

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