Sell @ $1.08.
Reduce my holdings. Recent events at F&N (ThaiBev may be new controlling shareholder) is spooking me as I'm not familiar with their management style. I previously looked at ThaiBev IPO Prospectus and wasn't too impressed. Even after a few years of listing, I don't think they'd managed to grow their biz since Share Price seems to be languishing (before their offer for F&N shares to OCBC and GEH).
Results were out last evening. DPU = 1.7ct (not paid as semi-annual payout), better than 1H = 3.2423ct mainly due to acquisition of Aus asset. Yield = 6.363% ; Gearing = 39.5% ; NAV = $1.30. Even tho' Gearing looks hi and Yield low, the sale of KeyPoint (still pending some approvals) would have resulted in cash that may be used to improve DPU and/or reduce Gearing.
Will perhaps buy back if the situation turns positive eg. ThaiBev shareholders reject their purchase of F&N shares or if FCOT share price drop closer to $1.02 (like last week). 😀
11:26AM
Sell @ $1.09. Local CP = UOBKH. Now in Q to sell @ $1.095.
11:43AM
Sell @ $1.095. Local CP = DBSV.
4:43PM
sell @ $1.095. CP = BNP
5:05PM
Sell @ $1.095. Was hoping to Jump-Q @ $1.10 but was unsuccessful. CP = UBS
Am left with one last batch to sell.