Buy @ $1.
While checking for the next highest Yield after StarHub, I found out that SingPost Yield =6.25% (same as StarHub @ $3.20!) have now become quite attractive. Further, their payout is @ ~75% (Next Div is usually 2.5ct for Q4 – Mar). I have to prepare a replacement in case I suddenly decide to sell StarHub.
The main thing I don't like is their increasing Gearing and their recent Perpetual Securities (which does lower Gearing) means more funds going into diversification (I fear that it may be diworsification) activities. If executed smoothly, it may transform SingPost into a Growth Stock!
Seller CP – CSFB. 😀