Posts

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Popular Hldgs @ $0.245

Buy @ $0.245

Went to Q in the AM and got done…. Was sloppy as I checked (last year was on 10-Dec) but didn't see that they'd reported their 1H results last night….

A loss of 0.01ct / share on their seasonally weakest Q…. No Interim Div, same as last year… Losses are due to higher Expenses in Selling + Advertising (more Book Fairs) + Admin Expenses (higher manpower for promos..). I believe hidden in the numbers must be the costs involved in closing down Prologue @ Ion. Other negatives are Properties (no units sold for 8Raja)… NAV = 26.68ct (dropped from 27.83ct, mainly due to 1ct Div paid).

IMO, the only support now will have to come from Shares Buy-Back (or Mr Chou) and the NAV will provide a good gauge on the price ceiling… (Last Buy Back was on 7-Aug @ $0.28 high). To be conservative, perhaps a max of 26.5ct is possible. Longer term, next Q (Jan-14) is seasonally the strongest Q (altho' they could be start-up costs for Borders @ WestGate and new Popular store @ Bedok Mall. Still, my projection is any price recovery (if no Shares Buy-Back) will likely occur closer to Mar-14 (when they report Q3 results).

My target is to sell on any spikes (esp. Shares Buy Back) and buy on any dips (monitor Black Out period closely)… 😀

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KGT @ $1.035

Sell @ $1.035

My last lots, some from Aug-10…. Sold at a loss, based on historical cost. But, they ought to be a profit if based in DPUs collected over the years.. Looks like there's good support in recent times, likely due to expectations of 2H DPU (for Dec) of 4.69ct. One key attraction for KGT remains their Debt-free status, although it'd be advisable to keep an eye on their NAV (which drops with every DPU payout). Current NAV = $0.99.

My decision to sell is due to my low free cash and many other stocks having dropped (likely due to fears of US Tapering…) while KGT remains strong, having gone up from closer to $1 in recent weeks. 😀

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SIAEC @ $4.88

Buy @ $4.88

A new addition to my portfolio. Has been weakening since 1H report on 7-Nov when it closed @ $5.06. 1H Div = 7ct, so, 11ct drop since then. PE = 19.91 ; Yield = 4.508% is not exactly attractive. Same reason for buying as SATS previously. Cash = $466Mil & negligible debts. Meant for short term but can hold. Will have to monitor the Cash position closely to gauge the potential for higher Special Div payout during 2H (Mar), if so. 😀

Seller CP = UBS.

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FCT @ $1.785

Buy @ $1.785

Failed to Jump-Q for $1.78 at the last minute… Have quite a sizeable stake now, will likely be trading for the extras… Seller CP = UBS. 😀

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Forterra @ $2.18

Sell @ $2.18.

Contra off as hit my short term target. Someone was obviously collecting as after I sold, more was placed in Buy Q. It closed @ $2.20. Let's hope this is a prelude to the usual month end Windows Dressing (for past 2 months) and they'll push it up further tomorrow. Buyer CP = CLSA. 😀

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SATS @ $3.14

Sell @ $3.14

Took profit as hit my short term target, no more left. Looks like it's either back in favour (good vol = 3,573,000)  or Month End Window Dressing is one day early… Hit a high of $3.18 after I sold and closed @ $3.16. 😀

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HLFin @ $2.64

Buy @ $2.64

Have not bought back for quite a while… Latest Q3 results looked good but was mainly due to write-backs. Looks like as long as interest rates remain low, their biz will continue to be difficult… Was trying to Jump-Q at 5pm close, but someone else had the same idea… 😀

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Forterra @ $2.13

Buy @ $2.13

Decided to buy back some as I'd taken previous opportunities of any unusual price rises to do some selling. For the most recent one, I'd even sold some of the oldest ones at a loss… treat it as a "short" (learn from Sam).

As they's stated that resumption of DPU will be in 2015, I'd decided that short term trades would be best… for now… despite the huge discount to NAV. Will adapt and change strategy on any new announcements. 😀

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VIT @ $0.78

Sell @ $0.78

Finally decided to take profit as I'm running low on free cash. Stabilising Mgr had been observed to be putting in a 50 lots Buy Q for the past 3 sessions during 5pm matching. Daily volume is now very low, another reason for me to get out before it dries up when he Stabilising stops in B-Dec. The potential opportunity I'm forgoing is someone mopping up the liquidity and pushing the price up… 😀

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FCT @ $1.785

Buy @ $1.785

Looks like seller is still around… Going to be a long term hold… at least till next DPU… The consolation is, Yield is now 6%+… 😀