Buy @ $3.92
A new share to my portfolio… Too much free cash, perhaps getting careless… SATS Share Price is on the High side but it's likely reflective of it's good EPS… My est is FY16 (Mar) EPS = 20.8ct vs FY15 = 17.5ct ; Est 2H Div = 11.5ct vs 2H15 = 9ct, with a more than even chance of a Special Div as Cash Level is FY12 when they paid Final = 6ct + Special = 15ct…
Sell @ $3.96
Contra off… Can't resist a qucik profit… STI +35.96 @ 2880.17, almost recovered to end-2015 close of 2882.73… Simply amazing after almost -10%… The worst is over?? Or Singapore is the preferred safe haven for foreign funds again?? No idea.. Doesn't look like it…. Just make $$ on opportunity and make sure to hold a good amount of free cash… 😀