Category: SingPost

Sell @ $1.21

Jump-Q @ 5pm to clear my last lots. Buyer CP '40' – Goldman Sachs

The new CEO has been buys with acquisitions funded by debts. The results are showing, with Revenue increasing but for now, NPM & EPS is dropping…. Not critical, but since I don't have a very large stake, decided to clear 1st. Will buy back if it drops but looks unlikely as many seems to be Yield-Hungry and buying up all the Yield stocks! 😀

Sell @ $1.02

Did a Jump-Q @ $1.015 (actually sell to buyers' price) to sell after 5pm. STI -45 @ 2831, SingPost unchanged (cd for 2.5ct). Got a lot of 'discounted' stocks to buy, free up some cash 1st.  Buyer CP = UBS. 😀

Sell @ $1.045

While monitoring HLFin during 5pm matching, suddenly saw SingPost Qs were @ $1.05. Was @ $1.025 just before 5pm and got bought up to $1.03 during the last few minutes. Finally closed @ $1.045 during matching. Volume is larger than normal today and some funds must have suddenly decided that they need some in their portfolio!

Anyway, sell 1st as I was already not too happy with their recent Q4 results released on 27-Apr. EPS dropped from 8.369ct (FY11) to 7.407ct (FY12) and will likely drop further when they have to start paying interest for their $350Mil of 4.25% Perpetual Securities if they have not acquired any new Yield Accretive biz. New CEO also sounds very aggressive and I'm afraid he may be planning some ego-boosting acqusitions with the Cash = $617Mil (from PERPS + Bonds + Retained Earnings). Buyer CP '84' – UBS. 😀

Buy @ $1.

While checking for the next highest Yield after StarHub, I found out that SingPost Yield =6.25% (same as StarHub @ $3.20!) have now become quite attractive. Further, their payout is @ ~75% (Next Div is usually 2.5ct for Q4 – Mar). I have to prepare a replacement in case I suddenly decide to sell StarHub.

The main thing I don't like is their increasing Gearing and their recent Perpetual Securities (which does lower Gearing) means more funds going into diversification (I fear that it may be diworsification) activities. If executed smoothly, it may transform SingPost into a Growth Stock!

Seller CP – CSFB. 😀

 

Sell @ $0.95. Sell off my recent ones to free up some cash. Buyer CP '28'  – OCBC and '26' – BNP doing their buys in 1-2 lots each time! 😀

Buy @ $0.935. Add to my collection. Seller CP '82' – MS. 😀

Buy @ $0.94 and $0.935. Add to my collection to average down. STI -33 @ 2748, SingPost -1ct. Seller CP '31' – DMG and '82' – Morgan Stanley respectively. 😀

Buy @ $0.955. Buy some to average down my $1.17 and $1.21 ones, bought in Nov-07 (in between did some trades + dividends, so not as bad as it seems). Q'd early in the morning and got done before lunch. After that hit a low of $0.945! My "magic" is working again! Seller CP '73' – Macquarie. 😀

Sell @ $1.09. Reluctant to sell but as SingPost share price is steady while others are dropping (STI -34, 2866), it’s time for me to do a switch to “losers”. Buyer ’08’ – CS 😀

Buy @ $1.06. More inclined to be a short term trade till results announcement or worst case till xd. Only 5.896% yield, but am expecting it to be slightly better after their FY results. Am expecting dividend to be more than 2.5ct of last 2 years as their EPS is stronger this year. So many different sellers, ’84’ – UBS, ’71’ – Nomura and ’31’ – DMG,  all selling in small lots! I thought window dressing is already over. 🙂