As for me, I have held Unga for a while now and I am indeed a long term shareholder in the counter. My main reason for buying it was its heavy discount on a Price to Book Value basis and its low PE for the last 3 years. I tend to buy when there is no interest on the counter so my average price is actually below 10. I thought this would finally be the year when my patience would be rewarded but alas.

The EPS growth was less than expected so price did not get to where I think it could potentially go - in the high teens to low 20s. At least there was a dividend payout, which is a good start. I will patiently wait for it to fall and then continue accumulating.

I am guessing it will not fall much below the current price while still cum-div. So, I will probably buy it ex-div unless it does indeed fall to say 11. I am betting we will once again see a price of 14-15 by February 2011. That is a return that I can live with.

Didn't I say this was one strange counter? Expect strange things to happen to it in the next 1 year.

A huge trade of 100k shares just took place on unga at 14bob... i wonder which daft person that was....

he will be burnt when the counter goes ex div

Relief...i hope he/she has wiped out the irritating supply...with 100K shares he is guaranteed a div cheaque of 50K...

Hoping i would see it at 16