Category: ComfortDelgro

Sell @ $2.46

Decided to take profit, no more left in portfolio… 😀

It was reported in Parliament that taxi biz had not gone done due to competition from Uber / Grab but rather, these new competitions had helped to double the mkt size… ie the pie is now double the size… It’s good to know that the taxi operators are not losing mkt share, but, profits will likely be affected in the longer run as their margins get eroded as they imitate the biz model of Uber / Grab eg allowing hourly rentals…

Buy @ $2.44, $2.42

A new addition to my current portfolio… I had previously sold on fears of weaker UK Pounds (due to Brexit) & competition from Uber / Grab… but, earnings had remained strong… Now, with the recent Q4 results, even with continued strength in EPS (due to much lower expense for Petrol & Consumables) and a higher Div Payout, Analysts are now concerned (they have additional concern of lower Fares in Singapore having kicked in end-2016) … Prices had dropped from $2.51 just before results announcement and at current prices, Yield = 4.2% (assuming Div is maintained)… 😀

Sell @ $2.92

Hit my BE… My last lots…. Profit from Div = 5ct collected… Too fearful of BREXIT impact on Sterling drop… Will wait for Q2 results next.. Closed @ Hi of $2.95… 😀

Sell @ $2.81, $2.83

Good +ve today, hitting a hi of $2.87, closing @ $2.84… Altho' STI had recovered from BREXIT drop and is now higher, the British Pounds is still more than -10% vs S$. This has reduced the attractiveness of ComfortDelgro for me… 😀

Sell @ $2.77

Cleared a few buys which turned profitable… 😀

25% of Revenue (20.5% of Operating Profit) comes from UK and a weaker pound will impact results eg -10% drop in GBP => -2.1% in Operating Profit… The bigger worry may be Uber / GrabCar competition in Singapore…

Sell @ $2.71, $2.73

Pare down my stake… BREXIT polls swung from Leave to Stay but margin is still very small, altho' Bookies odds remains at Stay… Referendum on Thu and results on Fri… STI +37.45 @ 2800.87… Oil price likely to weaken as Canada Oil rigs at Alberta is resuming after disruption due to fire… 😀

Buy @ $2.66, $2.64

STI -37.54 @ 2785.43… ComfortDelgro -7ct… Range $2.63 – $2.70… Fears getting stronger… 😀

Buy @ $2.71

Continues to drop… STI -20.83 @ 2822.97… Fears are back… Brexit, US weaker than expected Jobs Data, FED Mtg… may last till Brexit referendum on 23-Jun… 😀

Buy @ $2.73

Got greedy when it hit $2.76 in AM and didn't contra off… Buy more instead when it dropped back… 😀

Buy @ $2.73

Add on at lower prices… 🙂