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Buy @ $3.07
Was studying the operating data which was released on 20-Apr…. After comparing past Quarters of Operating Data with the Quarterly Results, I couldn't conclude any good correlation… I think the EPS finally also depends on how well they managed their expenses… Take the risk, buy some more as prices are lower… by 1ct… 😀
Buy @ $3.08
A new addition to my portfolio. Based on 9M EPS = 12.9ct, am expecting FY14 EPS to at least match FY13 EPS = 16.1ct. Chances of maintaining 2H Div = 8ct is therefore high. Further, with Cash (Dec-14) = 32.26ct, at a healthy level, there's the added incentive for their parent (SIA) to milk this Cash Cow, especially since the other Cash Cow (SIAEC) is facing weakened EPS and Cash level is not at a very high level, after being "milked" last year. In the best case, for SATS, Div could be 1-4ct more, but note that Cash lvl for 9M14 is about the same as 9M13 when they were not 'milked' by SIA… 😀
Sell @ $3.08
Contra off as overdue for payment. No more left. Was waiting greedily for higher prices but no strength… peaked at $3.10-$3.11…
One of my best Yield Rotation Strategy play as it became profitable from the day of buy. This is in sync with my observations that we (small-timers) do have the advantage of being nimble ie. within the first hours of trading after a results announcement… but, we need to be right on our analysis… that's the hardest part… 😀
Will keep in watch list for Mar Q as Div Payout Q.
Buy @ $3.02, $3.01
A new addition to my portfolio. Q3 results were out last evening. EPS = 4.3ct vs 3.8ct y-o-y & 4.2ct q-o-q looks ok to me. Tried to jump-Q @ $2.99 just before mkt opened but was too slow… The $2.99 Sell Q was initially a lot more than the Buy Q but just before matching at 8:58am, many were withdrawn… It quickly went up to a high of $3.04 before coming down again and that's when I got mine from the Buy Q… Read a couple of analysts' reports who were not too positive…. Nvm, can also keep till Q4 (Mar) for the div…. 😀
Sell @ $3.03
Contra off, no more. With STI turning red today, I think I better consolidate my resources ie. Reduce the stocks in my portfolio in order to focus my free cash on a couple of them. If STI should drop further, the next step for me (when free cash runs low) would be to sell some of the stocks which'd not dropped as much (in % terms) and switch to those that'd dropped a lot more. Not forgetting, have to be based on fundamentals and valuations… 😀
Buy @ $3.17
Itchy fingers, add back to my portfolio after last Sell @ $3.13 on 24-Apr. Q4 Results will be out on 22-May, there should be price support as it starts to behave like a quasi-bond. Dividends vs EPS,
|
EPS |
Total Div |
Interim |
Final |
Special |
Cash(Q3) |
Cash(Q4) |
||||||
|
FY14 (Mar) |
?? |
?? |
5ct |
?? |
?? |
$355M |
?? |
|||||
|
FY13 (Mar) |
16.6ct |
15ct |
5ct |
6ct |
4ct |
$272M |
$406M |
|||||
|
FY12 (Mar) |
15.4ct |
26ct |
5ct |
6ct |
15ct |
$423M |
$472M |
|||||
|
FY11 (Mar) |
17.4ct |
17ct |
5ct |
6ct |
6ct |
$169M |
$304M |
|||||
|
FY10 (Mar) |
16.7ct |
13ct |
5ct |
8ct |
— |
$141M |
$196M |
|||||
Observations
Comments
Conclusion
In spite of the low possibility of a higher than 6ct Special Div (plus high possibility of only 3.5ct to 4ct), I'm still taking the risk to buy as there'll likely be good price support till xd date due to the quasi-bond behaviour. But, of course, no guarantee… 😀
Sell @ $3.21
Contra off as I was starting to have some misgivings… Jump-Q at 5pm matching and got lucky as it closed at 1-2bids higher than my expectations.
After buying due to itchy fingers syndrome, I went back to read their recent SGX Annc again, 2 of which made me change my mind,
Due to the above reasons, I decided to contra off…. May come back again if fingers get itchy again…