Category: RafflesMG

Buy @ $2.98, $2.97 (only 1 lot)

A new addition to my curent portfolio. It's been a long while since prices dropped below $3. Not exactly cheap as PE = 28.3 (FY12) or a bit better @ 26.26 (last 4 Qs) and not a Yield Stock as Yield = 1.51%. I'm betting more on Growth, which had been aro' 10%+ in the last couple of years. This may be slowing down but the recent news is their having secured a plot of land next to current Raffles Hospital for expansion. But, this will take around a couple of years to realise… Lastest Cash = $146Mil (26.4ct / share) and negligible debts, but, the bulk of this will likely be used for the Hospital land and construction.. Still, I see Cash growing at ~$20Mil / Q in their Balance Sheet..

I ought to hold this for long term… but had not been disciplined enough… always taking profits just for a few cents.. 😀

Sell @ $3.08

Decided to contra off as only 1 lot in my portfolio and not time efficient to have to monitor… 😀

Buy @ $2.99

Only partially done… 1 lot, during 5pm matching as someone must have jumped me in the Q. PE= 28.4 (FY12) is on the high side and I'll have to pray for their continued growth… Recent price weakness could be due to the negatives they're facing in their expansion plans,

• Lost a bid in HK 
• Sold a building in Singapore after being unsuccessful in obtaining approval for conversion to Medical use

Further, the recent financial related troubles in Indonesia (which accounts for a portion of their clientele) is also a dampener. Current prices is still above my last sell price… 😀

Sell @ $2.57

Also sold the odd lots (from DRP) @ $2.55 & $2.54. No more left. Since my holding has become very small, I decided to clear every single share. Will look at it again if it drops below $2.50 before FY12 (Dec) reporting in Feb-13 (FY12 Div = 3ct). 😀

Sell @ $2.55

Free up some cash. 😀

Sell @ $2.41

The last of my recent buys. Big Buyer in driver seat, looks like Big Seller is happy to do married deals. 😀

 

08:30:14

2.378

901,000

X

 

Sell @ $2.38

Contra off the 2 recent buys, one at a loss but overall, a small profit. Running low on cash, better free up some in case mkt weakens. STI -10.74 @ 3067.98, after 5 consecutive days of +ve.

One huge married deal before mkt open, may have cleared Big Seller's quota? The Big Buyer is now in the driver seat.. 😀

 

08:30:13

2.342

1,675,000

X

 

Buy @ $2.34

Q'd for fun and got it when the Big Seller suddenly dumped, after doing 1-lot sell ever 2-4 mins. for most of the day. No chance to buy at a lower price as Big Buyer came out during close. Looking at their Insitutional Shareholders, there are 3 who're holding 13-14Mil shares. My guess is one of them is selling and another is buying. Seller CP '84' – UBS, same as last time. 😀

Buy @ $2.37

Got impatient, buy some more 1st. Big seller seems to be still around, but very patiently selling in smaller qty. Seller CP '84' = UBS. 😀

 

4:52PM

Buy @ $2.36. Saw the Sell Q getting lower and went to buy. The sly seller put in more after that. Seller CP '84' = UBS, same.

 

5:05PM

Buy @ $2.36. Tried to Jump-Q for $2.35 but too many buyers came in, prob same family.. Haha… Seller CP '70' = CLSA, same as a few days back. Perhaps same seller using different brokerage or different sellers who're buddies.. May drop some more till Seller has finished selling…

Buy @ $2.37

Add back at my last Sell Price! Got big Buyer and Seller fightling at this price. Let's see who wins. Hope I can collect at a lower price. Seller CP '70' – CLSA. 😀