Buy @ $3.08
A new addition to my portfolio. Based on 9M EPS = 12.9ct, am expecting FY14 EPS to at least match FY13 EPS = 16.1ct. Chances of maintaining 2H Div = 8ct is therefore high. Further, with Cash (Dec-14) = 32.26ct, at a healthy level, there's the added incentive for their parent (SIA) to milk this Cash Cow, especially since the other Cash Cow (SIAEC) is facing weakened EPS and Cash level is not at a very high level, after being "milked" last year. In the best case, for SATS, Div could be 1-4ct more, but note that Cash lvl for 9M14 is about the same as 9M13 when they were not 'milked' by SIA… 😀