Bankruptcy..., page-4

Ive written the below to Alan Winduss the Executive director of UOS and am grateful hes taken the time to reply to bring it up in the next board meeting...

As investors of United Overseas Australia we feel that despite its broad-based strength, the company continues to trade well below its net asset value. Using a sum-of-the-parts valuation, we derive a net asset value of $1.20.
The NAV includes the value of Company's real assets plus the present value of its various holdings.
We feel that the groups large ownership and lack of public liquidity is unfairly punishing the companys market valuation. Most of United Overseas Australias peers trade at an average premium of 30% of net tangible assets, the company should elect to commence a strategic review process to unlock the value of its portfolio.
We also feel that Untied Overseas Australia should offer a sale facility to enable holders of unmarketable parcels of securities valued less than A$500 without incurring brokerage or handling costs. This would reduce the costs associated with having a significant number of security holders with unmarketable parcels on its register.
We hope that some changes can come about in unlocking the true value of the company,


This company has a share buy back plan to purchase as many shares allowed for buyback on ASX.  In the past they have done capital reductions, company spin offs in malaysia, while still retaining majority ownership of the two listed companies in malaysia. They also have large parcels of land and are a household name in malaysia.

Institutional investors in Malaysia include

UOA DEVELOPMENT

	Column 1	Column 2	Column 3	Column 4	Column 5	Column 6	Column 7	Column 8	Column 9
0	DFA Emerging Markets Small Cap I		Premium	3,170,753	293	0.24	0.04		08/31/2014
1
2	Asia Pacific Fund Common		Premium	2,103,163	141,663	0.16	1.08		06/30/2014
3
4	DFA Emerging Markets Core Equity I		Premium	1,511,100	43,900	0.11	0.01		08/31/2014
5
6	Eaton Vance Asian Small Companies A		Premium	1,468,900		0.11	2.37		09/30/2014
7
8	Vanguard Global ex-US Rel Est Idx Inv		Premium	1,029,900		0.08	0.03		09/30/2014
9
10	iShares Core MSCI Emerging Markets		Premium	866,400		0.06	0.01		11/17/2014
11
12	Northern Global Real Estate Index		Premium	558,000	97,500	0.04	0.02		09/30/2014
13
14	JHVIT Emerging Markets Value I		Premium	299,600		0.02	0.02		09/30/2014
15
16	DFA Emerging Markets Social Core Eq		Premium	201,000		0.02	0.01		08/31/2014
17
18	JHancock Emerging Markets NAV

	Column 1	Column 2	Column 3	Column 4	Column 5	Column 6	Column 7	Column 8	Column 9
0	Value Partners Hong Kong Limited		Premium	26,741,600		2.00	1.07		06/30/2014
1
2	eQ Asset Management Oy		Premium	13,314,900		0.99	2.23		10/31/2014
3
4	Fidelity (FIL Fund Management Limited)		Premium	9,793,525	2,455,548	0.73	0.35		09/30/2014
5
6	Standard Life Investments Ltd.		Premium	7,138,100	-1,631,200	0.54	0.61		07/31/2014
7
8	Dimensional Fund Advisors LP		Premium	4,953,340	91,243	0.37	0.01		08/31/2014
9
10	CIMB-Principal Islamic Asset Mgt Sdn Bhd		Premium	2,213,700	2,213,700	0.17	1.78		05/31/2014
11
12	Value Partners Limited		Premium	2,103,163	141,663	0.16	1.08		06/30/2014
13
14	MAAKL Mutual Berhad		Premium	1,912,700	-1,740,500	0.15	1.70		08/31/2013
15
16	Standard Life PLC		Premium	1,516,200		0.11	0.03		07/31/2014
17
18	Boston Management and Research		Premium	1,468,900		0.11	2.37		09/30/2014
19
20	Total: Top 10 institutions		Premium	71,156,128	1,530,454	5.33

UOA Real Estate Investment Trust

	Column 1	Column 2	Column 3
0	Employees Provident Fundas of 29 Oct 2014	23.38m	5.53%
1	MCIS Zurich Insurance Bhd.as of 31 Dec 2013	9.55m	2.26%
2	AmanahRaya Investment Management Sdn. Bhd.as of 31 Dec 2013	6.95m	1.64%
3	Meridian Asset Management Sdn. Bhd.as of 31 Dec 2013	1.33m	0.32%
4	KAF Investment Funds Bhd.as of 31 Dec 2013	902.90k	0.21%

Buying into UOS is literally buying a dollar at 50 cents. You are buying a very lightly traded share which is tightly controlled, has an abundance of cash, properties, and many tools in their toolbox to bring the price to its intrinsic value.