Category: M1

Sell @ $2.51

A sudden gap up from $2.47-9 range allows on last "Short-Cover" Buy to hit above BE of $2.50… But, not fully done… 😀

Sell @ $2.48

Contra off 2 Buys… The next phase, after the "Short" & "Short Cover" phases…  😀

Buy @ $2.42

With this buy, I have covered all my "shorts". Including transaction costs,

• Net "Short" Unit Price = $2.604
• Net "Cover" Unit Price = $2.464
• Difference = 13.9ct vs 8.3ct (Div) = 5.6ct

Looks quite feasible, especially when mkt is bearish… 😀

Buy @ $2.46, $2.45

Continue to cover my previous "shorts"… one more buy to go… 😀

Q1 results were out yesterday evening… EPS = 4.5ct vs 4.9ct yoy due mainly to lower handset sales… FCF = 6.9ct, a big jump… can almost pay for 1H Div = 7ct of last year… But, due mainly to Inventories & Trade Debtors ie not on superior profits / margins… Also, Div Payout = 80% of EPS for past 2 years and if maintained, this means a possible lower Div… unless they increase to >80% Payout like 3yrs ago…

Was still contemplating whether to contra off my recent buys at $2.50 in the AM… Range $2.43 – $2.51…

Buy @ $2.48, $2.47

Cheap thrills, successful "short"… xd today and -11ct @ $2.47 (My "short" = $2.61) vs Div = 8.3ct… Yield = 6.194% ; PE = 12.93… Hv not covered all my "shorts" and will keep my option open on whether to cover back… Main issues are the coming 4th TELCO tender and weak FCF… 😀

Sell @ $2.61

Taking a huge loss here… even after div collected… xd on 12-Apr for 8.3ct… treatng this as a "short", hoping to buy back lower after xd eg $2.4x… Alternative plan is to switch to Starhub or Singtel for Yield Rotation Play… 😀

Sell @ $2.57

Contra off… Switching to Starhub as one up, one down… 😀

Buy @ $2.55, $2.54

Same reason as Starhub for buying… The fear of the threat from a potential 4th TELCO next year is keeping prices low… Still have at least one more year to enjoy the current Dividend Yield – 6% @ $2.55… 😀

Sell @ $2.62

With STI dropping below 2700 @ 2691.78, -17.07 & M1 +4ct, I decided to contra off and take profit. Was planning to do a switch but surprisingly, many of my targets were also +ve! 😀

Buy @ $2.51

Too many stocks to average down… Decided on M1 as -5.2%… Results will be out on 12-Jan… At current prices, Yield ~6% if 80% payout (as in previous years) and ~7.5% if 100% payout (last FY, but slim chance)… 😀