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| Date of change of Interest |
10-07-2008 |
| 2. |
Name of Registered Holder |
DBS Vickers Securities (Singapore) Pte Ltd |
| 3. |
Circumstance(s) giving rise to the interest or change in interest |
Open Market Purchase |
| |
# Please specify details |
|
| 4. |
Information relating to shares held in the name of the Registered Holder |
| |
| No. of Shares held before the change |
262,397,000 |
| As a percentage of issued share capital |
19.049 % |
| No. of Shares which are subject of this notice |
424,000 |
| As a percentage of issued share capital |
0.031 % |
| Amount of consideration (excluding brokerage and stamp duties) per share paid or received |
2.9938 |
| No. of Shares held after the change |
262,821,000 |
| As a percentage of issued share capital |
19.080 % |
|
| No. of shares held before the change |
0 |
471,607,000 |
| As a percentage of issued share capital |
0 % |
34.237 % |
| No. of shares held after the change |
0 |
472,031,000 |
| As a percentage of issued share capital |
0 % |
34.268 % |
| 1. |
Date of change of Interest |
07-07-2008 |
| 2. |
The change in the percentage level |
From 34.204 % To 34.237 % |
| 3. |
Circumstance(s) giving rise to the interest or change in interest |
Open Market Purchase |
| |
# Please specify details |
|
| 4. |
A statement of whether the change in the percentage level is the result of a transaction or a series of transactions: |
| Several Market Transactions - purchase of 460,000 shares in UIC by Telegraph Development Limited on 7 July 2008 |
|
| 1. |
Holdings of Substantial Shareholder , including direct and deemed interest : |
 |
Direct
|
Deemed
|
| No. of shares held before the change |
0 |
471,147,000 |
| As a percentage of issued share capital |
0 % |
34.204 % |
| No. of shares held after the change |
0 |
471,607,000 |
| As a percentage of issued share capital |
0 % |
34.237 % |
| 1. |
Date of change of Interest |
07-07-2008 |
| 2. |
Name of Registered Holder |
DBS Vickers Securities (Singapore) Pte Ltd |
| 3. |
Circumstance(s) giving rise to the interest or change in interest |
Open Market Purchase |
| |
# Please specify details |
|
| 4. |
Information relating to shares held in the name of the Registered Holder |
| |
| No. of Shares held before the change |
261,937,000 |
| As a percentage of issued share capital |
19.016 % |
| No. of Shares which are subject of this notice |
460,000 |
| As a percentage of issued share capital |
0.033 % |
| Amount of consideration (excluding brokerage and stamp duties) per share paid or received |
2.9600 |
| No. of Shares held after the change |
262,397,000 |
| As a percentage of issued share capital |
19.049 % |
|
UIC
Life Goes On .....
S$2.95-UICL.SI
��
or 6.4% to a high of $3.17, there has been no
corporate development to help explain the price
surge. (UIC has been trading within the $3.13 -
$2.86 range since then.)
Since Jun 6th, when UIC’s share price surged 19 cents
��
continuing share purchase program, but always
ensuring it does not exceed 1% every 6 months, as
per Singapore’s Takeover Code. The highest he
has paid in the last 3 years or so was $3.54 on 17
July 2007. See Exhibit 1. (Note UIC has 1377,481
mln shares on issue, ie 1% = 13.77 mln shares.)
The only thing happening is John Gokongwei’s
��
offer at $1.09 a share, on Oct 5
the purchase of 50,000 shares just to cross the 30%
threshold, paying $1.09 per share, ie he did not offer
a premium.
Recall Gokingwei launched a mandatory takeoverth 2005 following
��
acceptance of only 4,258,605 shares, representing
just 0.31% of UIC’s issued capital.
And not surprisingly, Gokongwei’s offer attracted
��
Net profit rose 45% in Q1 ‘08 to $32.11 mln, helped
by the consolidation of
now owns 100% of vs 50% previously; and
development profits.
UIC’s latest book NTA is $2.44 (as at end Mar ’08).Pan Pacific Hotel that it
��
We remain Neutral on UIC.
Exhibit 1: Ensuring No More Than 1% Every 6 Months
Monthly Purchases
On 5
March 2006 10,000,000
May 2006 3,700,000
October 2006 7,510,000
December 2006 6,000,000
May 2007 6,863,000
June 2007 1,058,000
July 2007 5,832,000
November 2007 6,785,000
December 2007 333,000
January 2008 5,880,000
May 2008 1,172,000
June 2008 2,540,000
July 2008^ 219,000
^ Bought on July 2, raising Gokongwei’s holding to 471,147,000 shares or 34.2%
th October 2005 426,000gentledove ( Date: 04-Jul-2008 10:26) Posted:
| Thanks guys for the info I am holding tight on mine. In fact, thinking of accumulating more but undecided because UOL looks attractive too and I wonder how likely will there be a merger of UOL and Sp Land since UIC holds big stakes in Sp Land??? |
|
Thanks guys for the info I am holding tight on mine. In fact, thinking of accumulating more but undecided because UOL looks attractive too and I wonder how likely will there be a merger of UOL and Sp Land since UIC holds big stakes in Sp Land???
| Date of notice to issuer * |
03-07-2008 |
| 2. |
Name of Substantial Shareholder * |
Telegraph Developments Ltd ("Telegraph"), JG Summit Philippines Limited (deemed interest through Telegraph), JG Summit Holdings, Inc. (deemed interest through Telegraph) |
| 3. |
Please tick one or more appropriate box(es): * |
| |
Notice of a Change in the Percentage Level of a Substantial Shareholder's Interest or Cessation of Interest. [Please complete Part III and IV]
|
| 1. |
Date of change of [Select Option] |
|
| 2. |
Name of Registered Holder |
|
| 3. |
Circumstance(s) giving rise to the interest or change in interest |
[Select Option] |
| |
# Please specify details |
|
| 4. |
Information relating to shares held in the name of the Registered Holder |
| |
| No. of [Select Option] held before the change |
|
| As a percentage of issued share capital |
% |
| No. of N.A. which are subject of this notice |
|
| As a percentage of issued share capital |
% |
| Amount of consideration (excluding brokerage and stamp duties) per share paid or received |
|
| No. of N.A. held after the change |
|
| As a percentage of issued share capital |
% |
|
| 1. |
Date of change of Interest |
02-07-2008 |
| 2. |
The change in the percentage level |
From 34.188 % To 34.204 % |
| 3. |
Circumstance(s) giving rise to the interest or change in interest |
Open Market Purchase |
| |
# Please specify details |
|
| 4. |
A statement of whether the change in the percentage level is the result of a transaction or a series of transactions: |
| Several Market Transactions - purchase 219,000 shares in UIC by Telegraph Development Limited on 2 July 2008 |
|
| 1. |
Holdings of Substantial Shareholder , including direct and deemed interest : |
|
Direct
|
Deemed
|
| No. of shares held before the change |
0 |
470,928,000 |
| As a percentage of issued share capital |
0 % |
34.188 % |
| No. of shares held after the change |
0 |
471,147,000 |
| As a percentage of issued share capital |
0 % |
34.204 % |
Luostock ( Date: 25-Jun-2008 23:24) Posted:
| Date of notice to issuer * |
25-06-2008 |
| 2. |
Name of Director * |
John Gokongwei, Jr. |
| 3. |
Please tick one or more appropriate box(es): * |
| |
Notice of a Director's (including a director who is a substantial shareholder) Interest and Change in Interest. [Please complete Part II and IV]
|
| 1. |
Date of change of Interest |
24-06-2008 |
| 2. |
Name of Registered Holder |
DBS Vickers Securities (Singapore) Pte Ltd |
| 3. |
Circumstance(s) giving rise to the interest or change in interest |
Open Market Purchase |
| |
# Please specify details |
|
| 4. |
Information relating to shares held in the name of the Registered Holder |
| |
| No. of Shares held before the change |
260,178,000 |
| As a percentage of issued share capital |
18.888 % |
| No. of Shares which are subject of this notice |
1,034,000 |
| As a percentage of issued share capital |
0.075 % |
| Amount of consideration (excluding brokerage and stamp duties) per share paid or received |
3.0848 |
| No. of Shares held after the change |
261,212,000 |
| As a percentage of issued share capital |
18.963 % |
|
| 1. |
Holdings of Director , including direct and deemed interest : |
|
Direct
|
Deemed
|
| No. of shares held before the change |
0 |
469,388,000 |
| As a percentage of issued share capital |
0 % |
34.076 % |
| No. of shares held after the change |
0 |
470,422,000 |
| As a percentage of issued share capital |
0 % |
34.151 % |
|
|
heya,
think it refers to two separate transactions: that MS sold shares, and that they returned borrowed shares.
ie, MS may have taken scripts from someone as collateral (the way Opes ceded Jade shares to MS/ML as collateral), or that they borrowed it themselves in exchange for some other counter. Such shares can be redeemed later by the owner.
either way, doesn't make a lot of difference: they're basically reducing their holdings. Buyer likely to be GKW, if you track the announcements. DBS operates on behalf of GKW, btw.
If you follow broad market tho, no big deal: MS has been consistently selling their holdings in the STI. I don't think they're even making profits; just to raise capitals and meet the calls back home. well, one man's downfall will lead to the rise of another. just focus and watch the story unfold.
Sorry, I meant 1 of the 2 announcments on 25/6/08 of change in % of interest at part III.
Please go to SGX one of the 2 announcement on 25 June '08 and look at Part III, the changed in deemed interests.
heya gentledove,
i had meant for today's movement. 422 lots sold in 4 trades; think it's MS, because the other two have no reason to sell.
Could you direct me to the link of the actual report? I couldn't find it....shares borrowed: one reason could be that MS loaned out the shares as collateral for something else. Alt, some kind of swap deal for another counter. Many reasons possible.
Elfinchilde:
SGX announcements show transactions in June '08 MS purchased and sold (some "shares borrowed were returned to lender") only a small % of their holding. However, I do not understand the "shares borrowed were returned to lender" exercise???
ooh, i believe MS may have sold some UIC. (they've been selling/churning all their STI assets.) means the situation is that bad for US banks back home.
Wonder if WCY or GKW absorbed the lots.
even better if MS sells, actually. they then lose position as kingmaker. ie, whoever buys what MS sells will own UIC: GO scenario more possible then.
Points noted, thanks.
in case image is not clear; and the likely ranges for the supports/strikes:
1st support is now, 2.96-3.
2nd support is 2.84-2.89
3rd is 2.59-2.67.
If there's ever a sudden dip ala the Aug 17 crash, take the opp to accumulate. DCA/longterm strat => enter in parts, so pls do not be gungho and 'whack' for entry at one px and find yourself stuck.
be mentally prepared to go long and to dig in deep.
TA/FA details:
pls note that this is one of only two counters i'm interested in, so don't trust that i'm completely unbiased.
But as responsible investors: Infer from the facts below, and
make up your own minds.
Take note too that the strat i'm applying is a
longterm strat (at least 3 mths, i'm guessing likely 6 if not more), and
DCA at the three support levels need to be applied. If you do not have the guts to go deep and follow it, please don't: i may not be right, neither do i pretend to be so.
Also: all levels called as strike are fluid. Exact entry will always be dependent upon the charts when the moment comes. Use your own discretion in judging suitable entry levels.
-----------
FA: as per their 3Q AR:
Revenue increased 86%, PAT increased 46%. Cashflow increased to 113mil from 103mil. All this on back of a falling market.
2007 options were given at an exercise px of 2.7. 2008 options at exercise of 2.91.
GKW, WCY, MS holding this counter. 79-80% in their hands. ie, this stock is cornered. Latest buying 30 june '08 as filed in SGX, GKW bought 506 lots. Their buy px has ranged from 2.65 to 3.45 (07 and 08 data).
Lowest px of UIC is 2.59. NAV is 2.44.
--------------
TA:
Thanks elfinchilde.
From the following link it shows option granted on 10/3/08 was @ $2.91/share. So, I think to enter at this level should be quite safe for those who can and prepare to hold on right? Your views appreciated.
http://www.uic.com.sg/html/pdf/ESOS-grant-10March2008.pdf
gentledove:
only 3 big players in UIC. GKW and associated vehicles (including Telegraph and Summit), WCY, and MS.
Altogether they own at least 79% of UIC already. ie, 79% of UIC is in institutional hands. Because of its fragmented shareholder structure, UIC has always been the target--rumored or otherwise--of takeovers. Notable in their stable of holdings: the listed company, Singapore Land. Read its AR and cf it with the AR of UIC.
Technicals: Those interested can compare the data from Aug 17 to now; at what prices each of these BB scooped up UIC. You can then estimate the supports and what is the highest price you can buy to.
FYI to start interested people off (lesson in TA/FA detective work hehe): Gokongwei's highest buy px for UIC is 3.45. WCY's lowest px is abt 2.6.
hehe. caveat applies as usual. :)
See also SGX announcements on 22/4 and 18/6 re others interest in this stock. 2 or 3 big players?
GKW buy buy buy more uic!
boost up the price..
| 1. |
Date of change of Interest |
27-06-2008 |
| 2. |
The change in the percentage level |
From 34.151 % To 34.188 % |
| 3. |
Circumstance(s) giving rise to the interest or change in interest |
Open Market Purchase |
| |
# Please specify details |
|
| 4. |
A statement of whether the change in the percentage level is the result of a transaction or a series of transactions: |
| Several Market Transactions - purchase of 506,000 shares in UIC by Telegraph Development Limited on 27 June 2008. |
|
| 1. |
Holdings of Substantial Shareholder , including direct and deemed interest : |
|
Direct
|
Deemed
|
| No. of shares held before the change |
0 |
470,422,000 |
| As a percentage of issued share capital |
0 % |
34.151 % |
| No. of shares held after the change |
0 |
470,928,000 |
| As a percentage of issued share capital |
0 % |
34.188 % |
