Category: M1

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M1 @ $2.07

Buy @ $2.07

Not sure if it’s the news that MyRepublic has no intention to bid for M1 cum plans to launch Cirlces.Life-like mobile plans by year end that’s causing further drops in M1 share price… Then again, any offer will more likely come from those with deeper pockets eg. China TELCOs… 😀

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M1 @ $2.15

Buy @ $2.15

Buy back.. Another for Q2 Yield Rotation Play… 1H Div = 7ct for FY14-FY16 but chances are high that it’ll be lower this year due to weaker EPS from 2H16 and likely FCF, due to new Spectrum bid… I’m guessing it’ll be 5-6ct, altho’ it may be lower if they turn conservative for 1H, paying more only in 2H, if FCF permits… Still, there’s the potential G.O. still lingering in the background… altho’ it looks like mkt is getting nervous it’s not going to happen, with time… 😀

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M1 @ $2.19

Sell @ $2.19

Contra off… Fears of 4th TELCO competition and hi-CAPEX + Spectrum eroding FCF remains… Take profit whenever possible… 😀

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M1 @ $2.16

Buy @ $2.16

Finally get to buy back as prices stayed high for a long time after my last sell… Guess people are getting worried about the no-news on M1 sale… supposed to have a few interested parties, but the right price will likely be the main stumbling block… Anyway, am buying for Yield Rotation Play for 1H results.. Div = 7ct for last 3 years but there’s a good chance it may be lower this year due to lower EPS… My guess is 6ct, if not, delayed to 2H Div… 😀

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M1 @ $2.26

Sell @ $2.26

Another batch just became profitable at cost… Continue to reduce… But, still hope that a G.O. can materialise from China side… 😀

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M1 @ $2.13

Buy @ $2.13

Finally decided to buy back, gave up waiting for it to drop back below $2.10… It had risen from this level after the major shareholders, SPH / Axiata / Keppel announced their Strategic Review on what to do with their stake… Am also feeling some urgency from xd 19-Apr for Div = 5.9ct…  😀

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M1 @ $2.20

Sell @ $2.20

Halted last Friday towards closing as it went up suddenly on volume… The substantial shareholders are having a strategic review on their stakes – Axiata 29% ; Keppel 19% ; SPH 13%… With the threat of a 4th TELCO driving down Profit Margins, it’s going to be tough to find a buyer unless the price is attractive enough… Axiata is the most likely buyer candidate as they are in the TELCO biz… 😀

Missed the hi of $2.28 as I didn’t realise I have profitable ones… Closed @ $2.17