The interest generated by that post was delightful.
Almost one year later, we get to see yet another UOS annual report. Without going into the boring details, I would just highlight the increase in book value of 22%. There are also the piddling matters of cash increasing nearly 100%, and the increase in investment properties. Not to mention a nice dividend paid to shareholders for the full year.
This is the thing that puzzles me- UOS would nearly qualify as a Graham-type cigar butt net-net investment, and yet its historical growth rates for the past 2 decades would have put most so-called growth stocks to shame.
Disclosure: I own shares in UOS.
Disclaimer: the content of this post is not to be relied on as financial advice. It contains my personal opinion only, plus facts that I cannot verify to be accurate. Do your own research and seek financial advice where appropriate. I have made many mistakes in the past, and will continue to do so in the future.
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