Category: RafflesMG

Buy @ $2.23.

Add to my collection. Keep dropping, may continue to drop till previous $2.0x levels! Never mind, keep for long term unless results turn real terrible. 😀

 

9:50AM

Buy @ $2.21. Looks like no bottom!

Buy @ $2.28.

Add back to my collection. I'm now back to my original nos. of shares (before I itchy hand went to sell at a lower price as I was expecting their Dec results to be bad due to their aggressive expansions – end up with a good set of results!).

I'm almost out of free cash and will have to do some selling some, maybe start with SingPost. 😀

 

10:52AM

Buy @ $2.27. Suddenly came alive. Same seller CP '29' – DBSV. Looks like have loads to sell!

 

1:50PM

Buy @ $2.26. Different seller CP '84' – UBS.

Buy @ $2.28. Only partially done. Slowly re-building my stake, but at a higher cost! Budget ar least 2 more buys, unless I free up more cash. 😀

Buy @ $2.29. Buy back at recent highest selling price. I sold then as I was expecting EPS to be flat or lower due to their expansion activities. Instead, it was higher (the usual Q4 seasonally higher EPS). Will collect more on any price weakness. 😀

Sell @ $2.29. Left my 1st buy, will be keeping that. 😀

Sell @ $2.26, +7ct today. Contra off as due. Market continues to be bullish with STI +18 @ 2976. Will sell more if prices remains strong. Coming FY results Div was 2.5ct last year. Buyer CP ’39’ – Instinet. 😀

2:47PM
Sell @ $2.27. Buyer CP ’78’ – ML.

Buy @ $2.13. Finally hit my target price and I get to buy back some to successfully do a ‘sell hi – buy lo’ trade (not that hi as sold @ $2.20 on 18-Jan, just for some cheap thrills). I have some free cash now to buy more if it drops further. Seller CP ’40’ – Goldman Sachs. 😀

FY11 results should be out soon. Looks set for at least 12% growth in Revenue although Net Profit will likely be <5% growth. Div last year was 2.5ct (increased from 2ct in FY09 and 1.5ct in FY08). They can increase the div further as their payout ratio was only ~40% for the past 3 years plus the yield is rather pathetic (1.63%). But then again, they may not do that as they'd embarked on aggressive expansion activities (acquired new building + expansion plans for current building) and will need the free cash.

Here, I'm buying more for the growth, rather than the yield. But, at PE = 24.86, it's valuation is not cheap, so, if you do buy, please do be aware.

Sell @ $2.20. Reduce some more, see if can do a ‘Sell-Hi-Buy-Low’ trade. 😀

Sell @ $2.16. Contra off as due today. Free up more cash. 😀

Buy @ $2.12. Add to my collection. Seller CP '08' – CS and '21' – Kim Eng. Kelong at 5pm matching as closed @ $2.09! 😀

 

Time

Price

Trade size

Type

17:05:01	2.090	1,000	Buy Up
17:05:01	2.090	2,000	Buy Up
16:58:02	2.130	1,000	Buy Up
16:57:22	2.130	6,000	Buy Up