Sell @ $0.765
Decided to reduce my stake further (dropped to <5% of my portfolio). Recent SGX Annc is on the controlling shareholders being reduced from 3 pax to one pax. The 2 Indonesians from Northstar have transferred their stake of the controlling entity to the remaining partner (a Singaporean, also from Northstar). Let's see what new directions he'll set for Neratel in the coming Q2 results (6-Aug last year), if any.
As it now may not be a potential Growth stock, PE (latest 4Qs) = 18.17 (after removing the 1-time gain from last Q2's acquisition of Nera Malaysia) ; Yield = 5.229% (assuming no Special Interim Div = 2ct ; 7.83% if include), it no longer look very attractive. Q2 results will be important for me to decide on what to do with this stock but I may have already sold my entire stake by then (as there seems to be buyers supporting and pushing the price slowly higher – perhaps they know something we don't??)… 😀