Category: NeraTel

Buy @ $0.725

Continue to replensih my short term ones. Didn't see it close @ $0.72 last Friday! Will continure to buy back although not that urgent as the next dividend payout will be for end-Dec, which is still a long way off. 😀

Buy @ $0.73

Finally decided to start buying back those I'd sold during cd-xd time. 😀

Sell @ $0.79

xd yesterday and dropped to $0.765. Surprisingly strong today and decided to sell during 5pm matching by Jump-Q routine. This is the last of my non-40ct ones. I'm not planning to sell any more unless prices go higher or I need free cash for other opportunities. Will be looking to buy back at low 70s or ideally in the 60s 😀

Sell @ $0.805, $0.81, $0.815

Continue with my selling. Last day of cd is tomorrow (made a mistake as I thought it's today). Will continue to sell, depending on the price, as I still have quite a lot. 😀

Sell @ $0.79, $0.795, $0.80, $0.805

They annouced a Special 2ct Interim Dividend on 6-Aug, mostly from the extra cash coming from their balance 70% acquisition of Nera Malaysia. The EPS, after stripping out the extras (Negative Goodwill ~ $7Mil) from this acquisition was only slightlu better than last year. But, as some were supposed to be spillover (from Analysts' report who'd met with Nera mgmt), from Q1, the 1H comparison with last year showed lower EPS.

Having seen the share price ran up from the recent low 60s (part of it due to Myanmar play – their customers were winners of the TELCO contracts), I think there's a very strong likelihood that it'd head back to at least the low 70s after xd (since 1H results were not fantastic). I have therefore decided to pare down some of my extras and hope to buy back later at a lower price. Main risk is Myanmar play may continue to support the price and even push it even higher…. 😀

Sell @ $0.76

Had been running up from low $0.6x since the results of Myanmar TELCO license was announced. The 2 winners of the tenders are customers of Neratel and there'd been a couple of analysts' reports that painted Neratel as a winner…. But, Neratel will also have to tender for any projects to supply the 2 winners. Another optimistic point in the analyst reports was the potential for an Special Interim Dividend due to a realised profit from their acquisition of Nera Malaysia. The estimate is $5Mil in cash or ~1.4ct.

Using Dividend Yield for valuation, my ideal price would be at Yield = 4% ie. $1. But, a more practical target would be Yield = 5% ie. 80ct. But, kia-su a bit, sell some first… 😀

Sell @ $0.63

Contra off, take profit first. Market remains weak with STI -24.64 @ 3311.37. Looks like the long overdued correction may be here. Will stay alert and focus on short term trades. 😀

Buy @ $0.605

STI -38.61 @ 3367.45, fears appearing again, sometime from the afternoon. Read from Bloomberg that Europe was red due to fears of US interest rate going up or something like that. Market seems nervous lately as it'd gone up a lot since 2012. No idea if a major correction will come soon. Better not take any unnecessary risk. 😀

Buy @ $0.49

Q'd and got at the Offer Price! Have to sell something to raise cash… 😀

Buy @ $0.525

Slowly dropping in price with low vol. Seller CP = DBSV, Fortis, DMG… 😀

 

2:43PM

Buy @ $0.52. Got seller dumping in min. 100lots blocks. Looks set to drop further… Seller CP = UOBKH.

 

4:00PM

Buy @ $0.51. Do a few test lots. Looks like local traders taking profits. Seller CP = Phillips, Kim Eng.