Buy @ $1.565
CEO had sold down his stake… looks unlikely he'll change his mind… last day 30-Jun-16 or earlier…
SingPost @ $1.58
Buy @ $1.59, $1.58, $1.57
Average down the “itchy fingers” ones… Have to be prepared to keep till July when Double-xd comes into play… 😀
The continued high volume selling may be due to the push back to 31-Oct for their JV with Alibaba… the previously agreed upon $1.74 (at a good discount back then) for 5% of New Shares now seems high… but, when averaged with an earlier 10.35% @ $1.42, Alibaba shouldn’t be too unhappy.
|
  |
|
Logistics |
Retail & eCommerce |
Revenue |
Operating Profit |
|||||
|
  |
Revenue |
Op Profit |
Revenue |
Op Profit |
Revenue |
Op Profit |
Elimination |
Total |
Others |
Total |
|
FY16 |
499,802 |
147,775 |
625,972 |
37,696 |
160,660 |
2,249 |
-134,892 |
1,151,542 |
96,539 |
284,259 |
|
Q4 – Mar16 |
127,536 |
35,059 |
167,598 |
11,573 |
58,108 |
-3,216 |
-35,663 |
317,579 |
64,049 |
107,465 |
|
Q3 – Dec15 |
130,601 |
38,894 |
162,247 |
12,120 |
54,543 |
4,168 |
-31,207 |
316,184 |
-583 |
54,599 |
|
Q2 – Sep15 |
116,535 |
34,954 |
156,056 |
7,353 |
23,939 |
155 |
-33,358 |
263,172 |
22,025 |
64,487 |
|
Q1 – Jun15 |
125,130 |
47,296 |
140,071 |
6,650 |
24,070 |
1,142 |
-34,664 |
254,607 |
2,620 |
57,708 |
|
FY15 |
500,252 |
143,989 |
464,758 |
21,542 |
92,002 |
9,746 |
-137,430 |
919,582 |
11,088 |
186,365 |
|
Q4 – Mar15 |
123,472 |
36,887 |
136,268 |
4,970 |
23,985 |
2,505 |
-35,016 |
248,709 |
-7,171 |
37,191 |
|
Q3 – Dec14 |
130,111 |
37,946 |
122,063 |
6,938 |
22,882 |
1,745 |
-35,439 |
239,617 |
4,318 |
50,947 |
|
Q2 – Sep14 |
123,462 |
34,114 |
108,866 |
5,825 |
22,344 |
2,638 |
-34,330 |
220,342 |
5,255 |
47,832 |
|
Q1 – Jun14 |
123,207 |
35,042 |
97,561 |
3,809 |
22,791 |
2,858 |
-32,645 |
210,914 |
8,686 |
50,395 |
NOTE : FY16 Includes One-Time Divestment Gains = $112.1m
SingPost @ $1.605
SingPost @ $1.6125
Sell @ $1.61, $1.615
Contra off + Cleared another batch (Losses) but lumped together, get a smaller profit… Supposed to be Yield Rotation Play, not keeping for longer term, else Free Cash gets tied up… Left one very high priced batch…. 😀
Q4 results were out yesterday. EPS = 4.36ct vs 1.625ct YoY due to huge One-Time Gains… Slightly lower without this Gain… Mkt looked happy, even with STI -ve, -8.28 @ 2732.87… Range $1.60 – $1.64…
Some Points for me to take note,
- Revenue : Logistics overtook Mail as No.1
- Operating Profit : Mail still account for ~80% (after stripping out one-time gains)
- eCommerce : Jagged Edge & TradeGlobal provides eCommerce Solutions ie Not Online Biz
- Rental : Will suffer till SPC is completed in mid-17
- Logistics Hub : Starts Operation in Jul-16 – May see cost benefits in Calendar Q3
- Alibaba : 1st Share Issue @ $1.42 for 10.35% ; 2nd Issue @ $1.74 for 5% Delayed till end-Oct
- Current Net Debt becomes Net Cash if Not Utilised for Further Acquisitions
- CEO : Replacement not yet found. But, new Chairman (also Singtel Chairman) comes with good track record and will provide Mgmt Stability
IMO, short term weakness but supported by Alibaba expectations… 😀
SingPost @ $1.585
SingPost @ $1.595
Buy @ $1.595
Cover back / Average down… 😀
STI +35.26 @ 2766.06 finally broke the 10 -ve streak… Was expecting STI to be -ve due to weaker China trade figures… happy to find a -ve stock to buy in a +ve mkt…
Q4 Results will be out tomorrow… Looking at previous Q results, Revenue likely to be substantially increased due to past acquisitions, with a smaller increase in Earnings… Div = 2.5ct likely to be maintained (ie little chance of more) as per Dividend Policy of 7ct / yr (Q1-Q3 = 1.5ct with Q4 = 2.5ct)… Am expecting PE to edge closer to 20 (little bit less scary) from current 23…
SingPost @ $1.61
Sell @ $1.61
Contra off my only profitable ones as it's due… SingPost finally found someone who's willing to be the Chairman… Mr Simon Israel, current Chairman of Singtel! Singtel made it clear he was approached, not appointed by them… Mkt took the news well and allowed me to free up some cash… 😀