Sell @ $0.74, $0.745 (Partially done)
Finally get to sell some of my extras after xd. Mkt is bullish today, with STI +28.87 @ 3300.71 (barely crossed above 3300). Perhaps it's due to the Singpost – Alibaba proposal announced yesterday where Alibaba will take a 10.35% stake in Singpost via New Shares @ $1.42 + Treasury Shares, as we're not seeing the same bullishness in the regional markets.
It could also be due to expectations of a repeat of the 2ct Interim Div paid last year (from excess cash after acquiring Nera Malaysia). Looking at their EPS, this is very unlikely. Perhaps, at most 1ct to 1.5ct (Interim) + 4ct (Final), have to look at their Cash Flow in detail or EPS ramps up due to their recurring Leasing income gaining critical mass..
I still have more extras to sell. As I have cleared all my > $0.715 ones, I also have the option to buy back if it should drop to $0.72-$0.725 or lower… 😀
Note that it was Q213 (Jun) when they did the Nera Malaysia acquisition which resulted in EPS = 2.9ct (1.93ct due to acquisition gains). We'll therefore see a "big drop" in EPS for Q214 (Jun) in the absence of such extraordinary gains and I don't know how the market will react to this when they release their Q2 results (8-Aug last year), especially if they're unable to repeat the 2ct Interim Div..