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Buy @ $0.275
Still nothing on 8Raja on the URA website (updated on every 15th or next working day if fall on weekends / public holidays) on 17th. Perhaps the ERA agent was too optimistic…. The earliest we can get any confirmation would be the coming Q4 results (on 29-Jun last year), if they choose announce it. Am also hoping they'll choose to pay the Final Dividend (0.8ct last year). If not, at least a resumption of Shares Buy Back… 😀
Buy @ $0.855
Add back to my portfolio. I previously sold off my entire holdings as I didn't feel comfortable that they were going to acquire a huge asset ($300M) that's not yield accretive.
On hindsight, I was real lucky to have sold the bulk @ $1.01 to $1.025 cd (DPU 3.6616ct) and the last few lots @ $0.995xd (7-May). It's mainly luck as the STI started to tumble during the last days of May and suddenly REITs and Yield Stocks which'd been the darling of the market became unwanted and got dumped in a massive way. Many dropped by more than 10%…
The Private Placement ones @ $0.885 started trading on 10-Jun and again, I was lucky to hold back any purchase as I was expecting a possible sell off as these were placed out on 30-May (market still not too bad). My target price was < $0.875 (Rights @ $0.88 less transaction costs) and today, I decided to take the plunge as STI is +30.74 (most likely technical rebound) while A-HTrust was -0.5ct.
I'm out of cash again and will have to sell something if I want to buy more on any further downside… The possible good news is A$ seems to have stopped dropping… for today… 😀
Buy @ $8.54
STI @ 3130.69, -22.79, the drop goes unabated… Don't quite dare to buy most of my recent stocks now… Decided to try F&N as it's -18ct, a bigger % drop of ~-2% vs STI which dropped <1%. Die-die still want to try for some short term trades… Hee..
EGM is on 28-Jun to vote for the special $3.28 Capital payout (on 31-Jul if approved). Now, it looks like the Thai tycoon will have a lot more urgency to get this $$ as he's highly leveraged… There's of course no 100% certainty of this EGM approving the payout and that's likely helping the share price to drop… 😀
Buy @ $0.48
Tried to Jump-Q for $0.475 but failed. Buy to average down but will also sell for any profit in the short term. Yield = 7.417% ; Gearing = 24.3% ; NAV = $0.5654. Main risk is FOREX & Political as all assets are in Indonesia.
Stick to a trading strategy as market remains weak. STI = 3153.48, -16.9. Not too long ago when it was surging towards 3400! 😀
Sell @ $0.485
Decided to clear my entire stake. With STI having dropped 200pts+ over the past week, UMS is one of the rare few which I'd bought recently which remained profitable. Much as I'd like to keep it to enjoy the upcycle of their biz, I have run out of free cash and I need funds to but into other stocks taht'd dropped a lot, more than STI in % terms. 😀
Buy @ $0.285
Info from Sam, after checking with ERA agent is that 8Raja has obtained TOP 3 weeks back and had launched and sold 3 units so far. Will take it with a pinch of salt as the agent may be just trying to encourage demand… Will have to check URA site from 15th of the month to monitor. Still, it shouldn't be difficult to sell as property market is only (?) starting to cool down.
However, note that their FY13 is on April and any sales in May will not appear in their next result announcement. At most, it'll be mentioned in their forward statement. 😀