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Sell @ $0.79
xd yesterday and dropped to $0.765. Surprisingly strong today and decided to sell during 5pm matching by Jump-Q routine. This is the last of my non-40ct ones. I'm not planning to sell any more unless prices go higher or I need free cash for other opportunities. Will be looking to buy back at low 70s or ideally in the 60s 😀
Buy @ $0.725, $0.715
New listing from 2pm. IPO price @ $0.78 but didn't apply as free float (Sponsor 27% + No Cornerstones) is too high and coupled with an unknown sponsor, was expecting price to open weak. It opened at $0.77 and within 10mins, dropped to $0.735! Closed @ $0.715, Stabilising Mgr used up 25Mil (of 56Mil+) at $0.76-$0.77.
Prices may continue to be weak and will trade on opportunity. Will hold for longer term as Yield = 8.15% @ $0.715. 🙂
Buy @ $4.05, $4.04, $4.03
With STI -27.74 @ 3220.92, SPH close @ $4.03, -7ct. Sellers' CP were Goldman Sachs & JP Morgan. The sell orders were in hundreds of lots, possibly foreign funds. Perhaps foreign funds moving out of Singapore? From news, Euro is showing signs of recovery from their 18-mths long recession…
Try for short term but worst case, keep for longer term for the FY13 (Aug) results expected in mid-Oct (17ct div last year). 😀
Sell @ $0.28
My last $0.275 ones bought in recent times for short term trades. A few reasons for selling,
Even if I'm wrong for (2) & (3), if the monies raised from selling is well deployed for other stocks investments, as per (1), it'd still be a good enough decision… Let's see, only time will tell… 😀
Buy @ $1.135
Current market fears (besides the usual Interest Rate hike ones) is the expiry of 44.7% of their tenants' rental lease, but, from their last results, only ~7.3% is outstanding. Take the risk to add to my holdings. Let's hope the current Yield = 8.485% provides some margin of safety in the worst case scenario. My plan is for a short term trade but can hold for the yield if it drops further. 😀
Buy @ $2.21
Very illiquid with big buy/sell gap, easier to get during pre-open or pre-close. The risk-reward on first look, is rather unattractive. If the Nan Fung deal fails, it'll likely drop back to ~$1.60 ie. -60ct and if it goes thro', it'll rise towards $2.98 (what Nan Fung will pay for their stake) ie. +70ct+. Any bet therefore hinges on whether this Nan Fung deal has a high probability of failure or success…
I'm betting that the chances of success is a lot more than 50% (refer to VB forum for more info on Forterra and Nan Fung as there're good info and links there). Will likely continue to nibble on further drops – likely to happen if the deal drags and chances of success starts to fade… 😀
Sell @ $0.79, $0.795, $0.80, $0.805
They annouced a Special 2ct Interim Dividend on 6-Aug, mostly from the extra cash coming from their balance 70% acquisition of Nera Malaysia. The EPS, after stripping out the extras (Negative Goodwill ~ $7Mil) from this acquisition was only slightlu better than last year. But, as some were supposed to be spillover (from Analysts' report who'd met with Nera mgmt), from Q1, the 1H comparison with last year showed lower EPS.
Having seen the share price ran up from the recent low 60s (part of it due to Myanmar play – their customers were winners of the TELCO contracts), I think there's a very strong likelihood that it'd head back to at least the low 70s after xd (since 1H results were not fantastic). I have therefore decided to pare down some of my extras and hope to buy back later at a lower price. Main risk is Myanmar play may continue to support the price and even push it even higher…. 😀