I have same thinking like you too. Today should close 2.63

Should be following the footsteps of PCHEM, that's my view.

Rebounding for early dip, can we see a higher closing. Keep your fingers crossed..

That's what I learn when my lecturer teaching me in Corporate Reporting in ACCA. Also I heard the same thing in Strategic Financial Management class, old 3.7 ACCA paper where lecturer mentioned par value is not really important anymore and should be abolished real soon, 4 years ago. Genting Singapore is issued at no par value, correct me if wrong.

Par value stock has no relation to market value and, as a concept, is somewhat archaic. The par value of a stock was the share price upon initial offering; the issuing company promised not to issue further shares below par value, so investors could be confident that no one else was receiving a more favorable issue price. Thus, par value is a nominal value of a security which is determined by an issuing company as a minimum price. This was far more important in unregulated equity markets than in the regulated markets that exist today.

Par value also has bookkeeping purposes. It allows the company to put a de minimis value for the stock on the company's financial statement.

Many common stocks issued today do not have par values; those that do (usually only in jurisdictions where par values are required by law) have extremely low par values (often the smallest unit of currency in circulation), for example a penny par value on a stock issued at USD$25/share. Most states do not allow a company to issue stock below par value.

Even in jurisdictions that permit the issue of stock with no par value, the par value of a stock may affect its tax treatment. For example, Delaware permits the issue of stock either with or without a par value, but by choosing to assign a par value, a corporation may significantly reduce its franchise tax liability.[1]

No-par stocks have "no par value" printed on their certificates. Instead of par value, some U.S. states allow no-par stocks to have a stated value, set by the board of directors of the corporation, which serves the same purpose as par value in setting the minimum legal capital that the corporation must have after paying any dividends or buying back its stock.

Preferred stock par value remains relevant, and tends to reflect issue price. Dividends on preferred stocks are calculated as a percentage of par value.

Also, par value still matters for a callable common stock: the call price is usually either par value or a small fixed percentage over par value.

In the United States, it is legal for a corporation to issue "watered" shares below par value. However, the purchasers of "watered" shares incur an accounting liability to the corporation for the difference between the par value and the price they paid. Today, in many jurisdictions, par values are no longer required for common stocks.

Source: http://en.wikipedia.org/wiki/Par_value

RM 2? Won't be happening bro, unless KLCI crash 300 points..

Seems like everyday seeing red

You are true bro on UOADEV. It has hit the near rock bottom price. Good time to buy in at 1.4x. Thanks for sharing your research with us.

I'm already on boat @ 1.50. Good luck to us the UOADEV holders!

This post has been edited by andrewckj: Aug 29 2011, 09:36 AM

OT. EPF dumped alot of YTLPOWR recently, hence the sell down. But last time(2 years) when EPF keep accumulating YTLPOWR, the share price does rocket up. Best example is BIMB, up when EPF accumulating and selldown when EPF selling. The truth is EPF is our local shark..

I expect this counter to shoot to 1.5x to 1-6x by this friday. let's huat

Impossible to open at 90 cents, if it ever open 90 cents, I promise to pawn everything, sell house, sell car up to my underwear to buy it. 90 cents for UOADEV on this Friday, not in my wildest dream unless Bangsar South and Menara UOA got hit by a major asteroid, otherwise, it is impossible..

Fianlly this laggard awake! Veilside, you able to pick up some good shares at 1.18 huh..haha

For filing purposes, quoted from stock Discussion:

Forecasted figure for UOADEV year end 2011
EPS = 20.6 cents
hence, DPS = 7 cents (taking into account of 35 % dividend policy)

At current price of RM 1.30
0.07/ 1.30 = 5.3 % yield (this yield is better than my YTLPOWR utility stock man and extremely awesome for a property stock)

Current level PE = 1.3/0.206 = 6.31x (extremely low for a good solid stock, what's more for a property stock)

Forecasted UOA financial figure : http://forum.lowyat.net/topic/1801201/+660

The PE & DY comparison of property sector in Malaysia http://forum.lowyat.net/topic/1801201/+680

At it's current price, it is a steal..

If below 1.20, it is a rob, provided all the figures can be matched

Anyone been to Bangsar South yet, the Sphere? The name seems interesting. It houses a Carrefour there. Bangsar South, masterminded by UOADEV.

UOADEV shareholders fall in please.. I'm holding quite a number of UOA property shares. Mind sharing what is your target price? I have sold a quarter it yesterday at 1.52. Now left units with ABP at 1.31. Volume is high, but I need encouragement to hold longer..haha. Are you guys up to sell it yet or wait for it's dividend to come?

Dilemma..to be investor or trader now on UOADEV?

Did you continue buying today?