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Sell @ $1.725
Contra off my 2 recent buys. Looks like our seller CP = DBSV may have finished with their selling. I had bought too many and too fast due to this seller CP over the past week, will be able to sleep better by taking some profit. This also gives me some flexibility to buy with more confidence on dips. 😀
Buy @ $0.895
May do a few more buys if no other better choices. Yield stocks are getting a bit low in Yield (<5%) and high on PE (>20+ or high teens) plus profits coming under pressure due to higher expenses, not many long term choices left… 😀
But, REITs are mostly at best not safe for longer term hold. Will need to stay alert in case of value destructive actions like Placements at big discounts.
Sell @ $0.77, $0.775, $0.78, $0.785, $0.79
A recent positive report by CIMB on 16-Jul (extract below) may have helped to support the price strength here. Valuations are for FY15 and rather bullish on the projected new biz from the Nigeria market.
I decided to continue with my profit taking… My thinking is, a lot can happen between now and FY15 and looking at the recent Qs of results, although Revenue is increasing, profit is not….
A bird in hand is worth two in the bush?
I have not that many left, may have to set higher sell target… 😀
Buy @ $1.325
MBS just announced a good set of Quarterly results. As their results are closely co-related, there's a very good chance of Genting enjoying a positive Q2. If so, in addition to their positive Q1, I'm hoping it provides good price support at current level. The main negative which the market may be focussed on is their expected huge Cash required in the coming months for their IR JV in Korea… 😀
Buy @ $0.94
Only partially done. Very low volume. Prices have not dropped back to the $0.90 level after the Review Report came out and no positive action was decided upon to realise shareholder value…. Am buying for the expected (me) 2H DPU = 3ct+. Further, Abenomics appears to be working (plue JPY had stopped weakening), although Saizen have yet to enjoy any benefit… will likely take longer for any positive spillover, if any… 😀
Sell @ $0.765
Decided to reduce my stake further (dropped to <5% of my portfolio). Recent SGX Annc is on the controlling shareholders being reduced from 3 pax to one pax. The 2 Indonesians from Northstar have transferred their stake of the controlling entity to the remaining partner (a Singaporean, also from Northstar). Let's see what new directions he'll set for Neratel in the coming Q2 results (6-Aug last year), if any.
As it now may not be a potential Growth stock, PE (latest 4Qs) = 18.17 (after removing the 1-time gain from last Q2's acquisition of Nera Malaysia) ; Yield = 5.229% (assuming no Special Interim Div = 2ct ; 7.83% if include), it no longer look very attractive. Q2 results will be important for me to decide on what to do with this stock but I may have already sold my entire stake by then (as there seems to be buyers supporting and pushing the price slowly higher – perhaps they know something we don't??)… 😀