Buy @ $0.575
Results were out yesterday. Div = 1ct maintained. Revenue & Profit lower q-o-q & y-o-y and was below my expectation The data from semi.org was rather positive for the Industry for the Q, so, it came as quite a surprise to me to see UMS reporting weaker results.
Vol = 7,307,000 ; Range $0.565 to $0.605, Close $0.57, -4.5ct.
The huge volume presents a possible risk that CEO is back to the market as Blackout is over.
Anyway, I still decided to buy back some (replace one batch I'd sold) as fundamentals remains ok. Possible other downside will be due to lower FCF (Free Cash Flow) = 0.9ct (lower than 1ct Div) for the Quarter, although it's still healthy for 1H (good FCF in Q1). The forward statement is also negative for Q3 (expect lower Revenue Profit as it is seasonally their weakest) but positive for Q4.