Category: MIIF

Sell @ $0.56

My last lots, no more left. Taking a loss here (profits if include Dividends collected = 5.5ct). Used my usual Jump-Q routine. 😀

xd on 23-Aug for DPU = 2.75ct. Since I'm worried about HNE impact, decided to run 1st. Good thing their Shares Buy-Back is very active but no idea how high they're trying to push / support. Won't be looking at it again till HNE impact is clearer (unless it drops below 50ct) and the FY13 DPU guidance is out. Earliest would be Q3 (Sep) to make an educated guess if they don't announce. Anyway, lots of other new Stocks taking up my time, decided to just move on.

Sell @ $0.56

Jump-Q at 5pm matching to get higher price. Noticed aggressive buying and support, likely from the Share Buy-Back program to prop up the share price.

Reduce my stake, taking a loss here. The consolation is that after having collected 5.5ct div, there's still a small profit. As posted before, I plan to finally reduce to zero as I think the risk is too high for me. Further, need lots of cash for other stocks. 😀

Sell @ $0.555

My last profitable ones. Huge buying on-going, Vol = 7,120,000 now. DPU = 2.75ct, xd on 23-Aug.

HNE toll cap is a concern but DPU = 2.75ct will be maintained for 2H (Dec) as well. For FY13, with HNE Revenue impacted by 20% to 25%, my likely projection is DPU = 5ct (reduce from 5.5ct) – (HNE DPU contribution = 1.915ct for FY11) and Share Price will likely drop closer to 50ct. The toll reduction impact started from 1-Jun and latest financials don't provide the monthly breakdown ; should be able to get a clearer picture from Q3 (Sep) financials. For now, better safe than sorry, start selling 1st… likely will drop after xd by more than DPU = 2.75ct unless supported by Shares Buy-Back. Expect some volatility until impact is clearer or guidance provided. Trading opportunity for those whose heart can take it…:D

Sell @ $0.545.

Contra off the 2 recent buys. Was just about to contra @ $0.535 (as one is due today) and was checking the huge buying done from $0.53. The next thing that happened was another spurt of buying till $0.545 and I happily keyed in my sell orders. Immediately, it's now $0.555 last done!  Buyer CP = DBSV. 😀

Buy @ $0.53.

Trying my luck at 5pm matching for $0.525 Jump-Q but unfortunately, not successful (either seller withdrew or too many buyers). 😀

Buy @ $0.53.

Itchy fingers again, went to Jump-Q at 5pm matching. 😀

Sell @ $0.535.

Contra off. Make some kopi-$$, cheap thrills only! 😀

Buy @ $0.53.

See the matching price lower, so take the risk to get some. Will be risky here as Div = 2.75ct has a very high chance to be reduced after this 1H12 ones (due to HNE having to charge a lower max. Toll rate as ordered by govt in China). Seller CP = CSFB.

Sell @ $0.53.

Contra off as due today. Strong buying support, perhaps from their Share Buy-Back programme. 😀

Buy @ $0.515.

Add back to my collection. The toll revision for HNE continues to keep the share price depressed. Take a short term bet here as next DPU payout will remain at 2.75ct for Jun. 😀