Buy @ $2.59. Yield @ 7.722%. Seller CP '73' – Macquarie dumped 138 lots. 🙂
Latest results on 11-Feb. Although EPS = 4.69ct for Q410, Starhub have stated that they'll continue with the DPS = 5ct / Q for FY11. As I was worried about EPS being lower than DPS (I was expecting EPS to recover back to 5ct in Q410), I went to read the Cash Flow to check if they are depleting their Cash to pay out dividends. Some interesting points for FY09 vs FY10,
– Cash : $234.2Mil (FY09) ; $237.5Mil (FY10) => +$3.5Mil
– Debts : $895Mil (FY09) ; $805Mil (FY10) => -$90Mil
ie. Not Only do Starhub have enough cashflow for the Dividend Payout, but they even had extra cashflow to reduce their debts by $90Mil! I also looked at their CAPEX and there was no cutting down there either. The extra Cash Flow (to pay dividend) is coming from the Depreciation (a non-cash item). Let's hope I read the Cash Flow statement correctly. 😀
| Time | Price | Trade size | Type |
| 17:05:02 | 2.580 | 188,000 | Sell Down |
| 16:59:35 | 2.590 | 2,000 | Buy Up |
| 16:58:25 | 2.590 | 1,000 | Sell Down |
| 16:58:23 | 2.590 | 6,000 | Sell Down |
| 16:58:21 | 2.590 | 138,000 | Sell Down |
| 16:58:10 | 2.590 | 50,000 | Sell Down |
| 16:58:01 | 2.600 | 1,000 | Buy Up |