UPP buy or sell?

[Michel.m]

Hi guys
I have big amount of shares of UPP.
I am really confused of selling them or add up more shares.
I bought at 0.77 filse.
Yesterday my friend came from Beirut and heard from a banking man that Arabtec and Emaar soon their prices will drop by 50%.
And I read on Dubai Share Talk that Arabtec internal members are selling their share.
Please advise

[klaus]

[madno2]

I have also bought UPP at 0.77 two weeks back and it never seems to go up. Should I sell it or wait hoping for it to go atleast 0.80?

[bandakok]

UPP will go over 0.80 but it depends if you can wait and how bad is ur cash flow.
With regards in ARTC insider selling, each time so far it happened the value of the stock goes up after few days.
never be greedy, better safe than sorry limit ur profit and go out until market stabelizes.

[maq3012]

I would say to sell UPP even at marginal loss ' i think Q2 will be a loss for UPP. Better change to tabreed or drake and scull almost at same level and will be in profit atleast.

[sharekiddy]

what about the so called merger talks with Deeyar or with any other one’s ? some times before we heard that they have plan to sell some of their investements in Emicool to raise funding and the so called bond sale, now no news about this also. Does anyone knows about this ? any idea about what’s happening with their subsidiaries also ? it seems that Emaar & Nakheel already got some portion govt funding, when UPP going to get some ?

[sharewadi]

Hello sharekiddy and welcome to the you-must-be-kiddy Dubai stock forums .

Maybe because Union Properties (UPP) is a bit smaller than Emaar, it's the canary in the mines ...
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[sharekiddy]

[sharewadi]

Big shots? Ah, thanks, that gives me something to talk about in my speech . I just have to be careful not to get my vowels mixed up ...
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[thajuddeen]

UPP now sitting in a perfect balance; can move in both direction depending on the weekly open.

Last week HIGH: 1.06

Last week LOW: 0.89

Last week CLOSE: 0.98

Last week's close and weekly PIVOT is incidently the same ( 0.98 ). With the current global stock standing, traders can expect an open above 0.98.

Trading Range:

BULLISH: 1.02 1.22

NORMAL: 0.86 1.12
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[thajuddeen]

UPP threatens to do more limit downs.

1.04 13,450,614 20.56% 173
1.05 3,851,136 5.89% 41
1.06 2,790,129 4.27% 65
1.07 14,018,351 21.43% 204
1.08 20,750,573 31.72% 274
1.09 10,423,060 15.94% 114
1.10 125,000 0.19% 4

The stock did trade over 13 million shares at limit down in the last 13 minutes.
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[spin]

UPP is scary. I have had my worries over their cash position and the evaporation of their mega profits that were supposed to make 2009 their big year. Al-Mal Capital’s commentary on their results seems to reflect the same. I will not expect UPP stock to attract funds and long term investors for fresh entries, whilst those in it will be looking to get out with minimum damage – I know I would. So, a buy it certainly is not.

[maq3012]

If you scroll down up you will see my comments on UPP that was in May 2009. Some big brokers led UPP to 1.15 with out any reasons. I think UPP is suitable around 65 fils with medium risk.

[thajuddeen]

A couple of limit down and short covering might begin.

Say from around 0.75 fils the stock may have a sharp rebound.
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[thajuddeen]

UPP is still weak as it fell even when market rose. The negative divergence is just begun to widen and stock has broken below bolinger low.

Today's trades:

0.88 1,288,979 2.38% 19
0.89 593,880 1.10% 18
0.90 11,170,739 20.64% 178
0.91 21,790,846 40.25% 319
0.92 15,726,088 29.05% 197
0.93 3,562,479 6.58% 51

UPP closed at 0.90.

The bubble of weakness between 0.98 - 1.04 may take weeks to fill. This bubble may take the stock as low as 0.71. That way sellers may be justified at these prices.
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[thajuddeen]

Expect some support at this stage around 0.80 on the half circle.

0.83 1,578,955 3.89% 27
0.84 5,915,510 14.56% 122
0.85 11,182,184 27.52% 135
0.86 4,730,419 11.64% 75
0.87 1,986,769 4.89% 35
0.88 5,135,338 12.64% 61
0.89 2,328,742 5.73% 40
0.90 3,679,883 9.06% 37
0.91 2,101,661 5.17% 38
0.92 1,976,155 4.86% 42
0.93 20,000 0.05% 1

Today's highest volume was just below the close.

Lower lows could be a tradable buy.
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[thajuddeen]

Mubasher 24 August 2009:

Union Properties (UPP) stock is expected to move down over the coming couple of weeks, said Bobby Sarkar, Vice President of Equity Research at Al-Mal Capital - UAE. “Our price estimate of AED 0.81 for the stock is somewhat high. So we expect a decline in the short run upon Q2-09 results and concerns about liquidity,” he stated.

So my target of 0.71 has some relevence from professional analysts.

On a minor reversal stock failed to penetrate into the last gap down body of 94-97.

Stock might begin another leg down here.
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[Sanity]

Recently investors took the stock above AED 1.10 per share and held their breath, but later only to be disappointed with its 2nd quarter results.

Information about the company has been quite clear, albeit scattered.

We all know that Motorcity is the bulk of their 2009 deliveries. Those units were sold at reasonable prices, and were in the money most of the time until the beginning of 2009. Buyers paid 40% and 60% on delivery. Discounting the deposits, all the sales are in the money if units were to be liquidated due to buyer defaults. So the question is when they will be booked: Q2 or Q3 or Q4?

In april, 09, the company announced the delivery of units in Motor City. I surmised most of the investors assumed significant sales were going to be booked in Q2 09. They were wrong, due to omission of simple logic - that it takes a bit time to move people in physically. How many people could taken delivery and moved in just 40 days before June 30, 2009 ?

Using simple logic miscalculations could have been avoided.

So to avoid speculations about its Q3 or Q4 results, would forum members living in Motorcity tells us how full it is now (or till Sept 30 09) ?

This public and obvious information would help us tremendously to understand the company's next Quarterlys.

Thanks plenty in advance.

[sharewadi]

[sam111sam]

[thajuddeen]

If it doesn't break 0.68 in the rebound, I will consider a good time to exit to either reposition or switch.
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[sharekiddy]

[thajuddeen]

[sharekiddy]

[sharekiddy]

There is nothing new with this news ... as after Emaar we all were quite sure about this... lets wait and see whats happening next
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