Ann: Half Yearly Report and Accounts, page-23

It looks to me like there will be relatively low levels of project completions until 2020, and then a spike as several large projects complete and settle. Could be worthwhile accumulating until the results of the settlements start to trickle through around 2020/2021. Hard to tell if UOS shares will be available cheaper in the short term - relatively low completions, challenging conditions in Malaysian market, and worrying attempt by govt. to collect tax from 2013 could all add to short term share price weakness, but earnings and asset values per share remain strong and the few large holders who have most shares in UOS are all well aware of the underlying value. I'm participating in DRP and will consider buying more on market if price heads any further south.