UMS Holdings announced their fully year result yesterday. Its been sometime since I bought this stock, sold this stock, then bought back again. So here is my brief look at the business Share Price: $0.67 Outstanding Number of Shares: 429 mil Dividend per share: $0.06 (8.9% Dividend Yield) Cash Flow required to pay dividend per share: $25 mil

Cash Flow Analysis

The net profit for the year was $22 mil versus $34 mil in the previous year, a 34% drop. The absolute profit swing was -12 mil. A look at individual line item revealed that the biggest swing was from other expenses and changes in inventory. CEO Andy have always create the narrative that they are very good at controlling cost, to that they could generate some good margins. In this full year result, as well as the quarterly results, ......