Buy @ $0.92. Add to my collection 😀
MIIF @ $0.93
Buy @ $0.93. Recent Q1 results doesn’t look too good to me, with EPS of 0.89ct, makes me wonder how they are going to pay the 1H div forecast of 3.95cts. But, in their SGX announcement, the mgmt says that the Q1 results are better than their previous forecast, so, let’s take some short term risk there 😀
MIIF @ $1.01
Sell @ $1.01. Sold all my lots. Today is the last day of cd (3.1cts). Didn’t quite like their recent results as there’s a bit of financial engineering (assets revalued higher and the diff is recognised as profits) to make the EPS look good + mgmt expenses are paid in new units, thus more cash for div payout. Was hoping the price would go up some more as they’d given a forecast of next 2 div as 3.95cts and 4cts for 1H06 and 2H06. Will monitor and buy back again if it becomes under valued at aro’ $0.925 😀