Another year, another UOS annual report rolls along. A 10.6% increase in book value is plenty enough. Whilst waiting, we got paid a nice 2.5 cents dividend per share.
At current price of 54 cents, the market capitalisation is $630m market cap. This is the price that you pay.
This is the value that you get: UOS’ 70% holding of UOADB
at current market capitalisation is about AUD$750m. UOS’ 46% holding of UOA REIT at current
market capitalisation is about AUD$110m. Cash at parent level is $80m.
Total=$940m.
Would you like to swap 63 cents for 94 cents?
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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