UMS Holdings ltd

UMS Holdings did large chunk of shares buyback last week. 2.8m & 7.2m to be accurate. Will someone tell me if this is the start of another innotek ??

You may be right about the buyback signalling the start of a sustained buying back of shares by UMS. After all, this company is doing well in the midst of the semicon boom. Other semicon stocks are Avi-Tech Electronics (18 cents), and MIT. Generally businesses with electronics & tech exposure are going to do very well. Just wait for their half year results .....sooon.

What is happening to UMS ? Just within a week, it has moved from $0.25 to $0.345 with significant volume. Is it some hot money buying or any possibility of takover target ?? Care to comment.