Shares & Derivatives
Company Updates
By InvestingNook  •  April 1, 2014
UMS Holdings Recently, UMS Holdings has declared a bonus issue of 1 share for every 4 held. Given the company’s progress and how the economy has been improving, I would be holding onto UMS and receiving the bonus shares. Hopefully, the company will be able to continue distributing dividends of 5c per share, which translates to SGD 21.5 million. This is possible given its net cash generated from operating activities over the past few years. However, we have to take note that in recent years, the CAPEX has been pretty low, given how much the company has spent on CAPEX previously. Hence, with CAPEX increasing, it may be slightly harder for the company to maintain a 5c per share dividend. However, I would continue observing the earnings of the company, especially with Applied Materials having stronger growth in sales, UMS Holdings would benefit from this as well. With the share ......
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By InvestingNook
As Co-Founder and Fund Manager of Heritage Global Capital Fund, we started InvestingNook as a website dedicated to sharing the knowledge of value investing – allowing our readers achieve an edge over the markets with the knowledge of value investing.
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