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