Category: Boustead

Sell @ $0.89

Sold my entire stake. During such times of uncertainty, I think it's better for me to stick to stocks I'm more familiar with. With STI +21 @ 2808 & Boustead +2.5ct, I've decided to take profit 1st.

FY12 results were out last night and EPS = 11ct was much better than I'd expected (8.33ct). Div = 3ct was lower than my expectation (3.5ct). Going forward, they'd guided that FY13 will maintain the same level of profitability. The earnings look very lumpy with >50% EPS coming in during Q4. IMO, it looks easy for the mgmt to manipulate.

Buy @ $0.865

Every day drop 0.5ct after I started buying! STI -35 @ 2840. 😀

 

3:33PM

Buy @ $0.86. STI -48 @ 2827!

Buy @ $0.87

Looks like got sellers @ $0.87 today. Later I go monitor if I can get some more at $0.865 during 5pm matching. 😀

Buy @ $0.875

A new stock in my portfolio. For 1st 3Q, EPS = 4.6ct is a lot lower than last year = 10.5ct. But on 30-Mar (1 day before FY12 close), there were 2 main SGX Annc which (if I interpret correctly) will add EPS = 2.2ct to FY12 (Mar). My projection is,

• EPS = 8.33ct vs FY11 = 10.3ct
• Div = 5.5ct (Interim = 2ct ; Final = 2ct ; Special = 1.5ct) vs FY11 = 7ct (Interim = 2ct ; Final = 2ct ; Special = 3ct)
• PE = 10.5 ; Yield = 6.47%

The last minute EPS = 2.2ct is likely meant to do Income Smoothing and boost it closer to FY10 levels. If I'm wrong,

• EPS = 6.13ct ; Div = 4ct (Interim = 2ct ; Final = 2ct) ; PE = 14.27 ; Yield = 4.76%

Rather low volume today. I may buy more till they announce their results, likely within the next 2 weeks.

Warning : I'm taking a bigger than usual risk here as it's a new stock and I don't have a lot of familiarity in their biz (except for what I read in VB forum adn a quuick scan thro' 2 years' of financials). There's also the danger that if they're indeed trying to 'smoothen' their income, there may also be an unknown write-off / write-down to negate the extra EPS = 2.2ct.  😀