Category: SPAusNet

Buy @ $1.18. Sure feels silly to be buying at such a high price after having sold at below $0.90 last July and with the STI now having gone up a fair bit (2916). Net Yield is ~8.67% but will depend on the A$ exchange rate and the different components of payout (some of which are subject to Aussie tax). Div policy is semi-annual with 2H10 being Mar. So, take a bet as investors seems to be slowly becoming less fearful and continue to buy up yield stocks. Maybe I should sell down my CitySpring (similar infrastructure biz) to switch over as the yield is 1.5% higher (but got forex risk). 😀

Sell @ $0.90. Sold the last of my recent buys, left the older expensive ones. Strong buying interest today, maybe cos’ rest of mkt had run up so fast for past week and few laggards left. Chk ASX now A$0.765/A$0.77 or aro’ S$0.90/S$0.905, so abt same price. Buyer ’28’ – OCBC, part of 80 lot. 😀

Sell @ $0.88. Decided to sell some 1st as div is not till Sep-09. See if I can buy back again next time if it dips. 😀

Update (2:31pm)
Sold my rights issue ones @ $0.88, same price

Buy @ $0.865. Dropping towards rights price of $0.86, even as STI is +49. In sync with drop at ASX, A$0.75 @ 1.1423 = S$0.857. There’s an article in Australia news abt salary of CEO +60% even as co. profits dropped (refer to yieldstocks blog). 😀

Buy @ $0.88. Still above rights @ $0.86, Yield @ 10% (will fluctuate with A$) fllwg rights dilution. 😀

Alloted rights @ $0.86. Applied for excess lots (for fun) and got it! DPU will drop to A8ct and yield is aro’ 10.64% @ $0.86 (exchange rate @ 1.1438) 😀

Sell @ $1.24. Got a couple of analysts recommending buy, also mid-yr Sep div aro’ 6.5-7ct. Will see what to buy instead. 😀

Buy @ $1.23. Falling A$, price at ASX and STI. 😀

Buy @ $1.28. Finally hit my 10% yield tgt with price dropping due to falling A$ (now aro’ 1.16 fm high of 1.3). A$ may potentially drop further due to recessionary pressure in Australia. Anyway, decided to return as s/h as mid-yr will be end-Sep. 😀

Sell @ $1.47. Contra off, no more. Saw the buy Q at $1.56, so put in at $1.46 to see how the 9am matching works. Only gain 1ct more, was expecting it to be aro’ $1.50. Guess there were more sellers than buyer 🙂