UMS @ $0.66

Sell @ $0.66

Contra off the cheaper ones I bought using a different account @ $0.6467. 😀

The fears & uncertainty created by CEO selling 5,976,000 shares @ $0.65 on 3-Mar  is likely preventing it from going higher… for now. If only he'd not sold, I was expecting prices to head towards $0.80 to $1 (FY13 Div = 6.5ct, inclusive of 1.5ct Special Div equates to a Yield of 6.5% plus this payout is supported by EPS) since biz is on the upcycle and at least for the next 6mths.

For the short term, I plan to be trading and react accordingly, depending on CEO action or inaction…

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