Sell @ $0.79
Q'd the whole AM while someone was collectting at this price. Sold off my entire stake as it'd reached my short term objective of +1.5ct for an Absolute Return = 1.35% (Net of All Transaction Costs). Treat it as taking the DPU (1.562ct) in advance. This is my D-I-Y MMF (Money Market Fund) approach to park excess funds for a short term during Quarterly Reporting Seasons.
The selection criterias were highlighted in earlier posts in this blog and FB Page using the colourful comparison tables of Yield vs NAV vs Gearing…. No guarantee but can sleep better if got stuck…
Another reason for selling is, I also forsee I may need more free cash to buy more UMS at lower prices in the coming days and weeks…. before their next results or in the worst case, EGM for the proposed 1-for-4 Bonus Issue 😀