Sell @ $0.715
After yesterday's bad experience of my sell order being partially done, I put in my Sell Q early in the AM.
No more left… This is my 2nd time to divest after they did a Private Placement… This time round, the discount given to Placees wasn't too huge (Value Destruction suffered by existing shareholders is proportional to discounts given in Private Placements) but in their SGX Annc, their computation of the Advanced DPU included an additional expense item due to unwinding of CCS (Cross Currency Swaps). This have the impact of reducing Yield by ~1% and it was also stated that there are more CCS to unwind in the coming months.
Although the Yield will still be quite ok at 7.5% to 7.8% (my own estimates), I have decided to fully divest till figures are available in the coming months to provide me with better certainties.. Will likely take another couple of Qs at least..
Note : What I'm practising is… If it keeps me awake ie uncertainties, just move on.. ie. divest… There're lots of other stocks out there to switch over to.. 😀