UOS 0.91% 54.5¢ united overseas australia limited

Ann: Dividend/Distribution - UOS, page-4

  1. 1,211 Posts.
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    To be honest, I don't know why UOS is still listed on the ASX, they should either list solely on the Singapore Exchange or Malaysia Exchange... or just take it private as clearly they don't really care about share price movement...

    I do like the business and has been holding for more than a decade, it hasn't performed to my expectation from the SP point of view, NTA and capital management side they have done well.

    TBH I don't really care if they cease the dividend payment altogether, as majority of SHs DRP anyway, distributing dividend just adds more to your tax burden. What really piss me off is they should be more clear on the future capital management and let us know what they are going to do with that pile of cash.... I mean, there are many SHs wanting out, if you are willing to DRP at 5% discount to a heavily discounted NTA then why don't you just purchase shares from SHs at NTA, this way, if they want out, they can...if they dont, then OK too... it is also a good way to spend the 700M plus cash we are holding on the balance sheet. A Win win win situation...

 
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