Sell @ $0.38. Reduce my stake. xd on 15-Feb, so will likely sell more tomorrow if the price stays or go higher. Yield @ 8.632% is still rather attractive but I’m reducing my exposure to highly geared stocks. 😀
HLFin @ $2.39
SingTel @ $3.06
Buy @ $3.06. -5ct with STI @ 2981, -1. Jumped Q to buy ie. Put a Buy @ $3.07 after 5pm when it was $3.06/7. New addition to my portfolio. PE = 12.95 (lowest of all TELCOs!) and Yield = 5.15% (less Special Div), also lowest of all TELCOs. Next dividend paying result is on end-Mar, so no rush to accumulate. Seller ’73’ – Macquarie, same as LS. 😀
GTC @ $0.06
Sell @ $0.06. No more left. Since I slept so well after selling my entire FSL stake yesterday and realising a huge loss, I’ve decided to clear more of my junks. Will not impact my portfolio performance as I’d removed it (written off) from my portfolio a couple of years back. This is also a non-dividend yielding stock.
GTC was bought in ’07 and they never did recover from the last crisis. I had a quick last look at their latest financials. GTC continue to be making losses, largely due to the huge Depreciation Expenses. At the Cash Flow level, there was actually a $4.6Mil Operating Profit and the Cash went up to US$27Mil. That explains why they’d been able to actively do their share buy-backs.
The above were my reasons (excuses) for having clung on to GTC. They’re actually profitable (at Operating level) and the regular share buy-backs ought to enhance shareholders’ value (NAV = US11ct++). I was also hopeful that they may get acquired or the major shareholders make a G.O. (General Offer).
But, after 5 years, I decided to get off this non-stop downwards ride. I have to admit I’m not good at analysing such companies. There’s also always the nagging suspicion that the major shareholders being non-Singaporean and the bulk of their operations being offshore (mainly Taiwan), may just be taking us for a ride (after 5+ years, no growth, only decline => no new ideas + continue to get paid salaries). 🙁
RafflesMed @ $2.26
FSL @ $0.192
Sell @ $0.192.
No more left. Big loss realised here, but on paper will see no impact on my total assets as the losses will just shift from unrealised to realised. Only a tiny drop (but can invest the proceeds to cover) to my projected dividends as FSL had lowered the DPU to US0.1ct recently. So, ya, on paper, not much impact. But, still, heart pain pain, haha..
Last evening’s SGX Annc was the trigger for me to sell. They’d announced a default by one customer that’ll impact 12.8% of revenue.
Looking at the volume and price support, I think traders are active here. One bid is 0.001ct and during this bullish times, I’d noticed quite a few stocks in the 0.001ct bid group seeing very good volume and price rise. Buyer CP ’29’ – DBSV. 🙁
KGT @ $1.015
Sell @ $1.015. Take a loss (buy @ $1.04 on Jun-11) but should have a tiny profit after having collected 3.13ct DPU before. xd on 7-Feb (Tue) and since I have quite a lot here, decided to try and see if I can buy back at a lower price after xd (high chance it may not work this time round though, as market is bullish). Will likely sell some more (those bought @ $1.04) if it moves up some more on Monday and/or Tuesday after xd (if drop less than DPU = 4.69ct). 🙂
Main reason for all these selling is that Yield = 7.7% @ $1.015 is not that attractive to me now as there are quite a few alternatives. Main attraction here is the zero debt but won’t be surprised if they do an acquisition soon as it’s been 1.5years since they listed. May not be such a bad thing to do on a bull market though…
RafflesMed @ $2.13
Buy @ $2.13. Finally hit my target price and I get to buy back some to successfully do a ‘sell hi – buy lo’ trade (not that hi as sold @ $2.20 on 18-Jan, just for some cheap thrills). I have some free cash now to buy more if it drops further. Seller CP ’40’ – Goldman Sachs. 😀
FY11 results should be out soon. Looks set for at least 12% growth in Revenue although Net Profit will likely be <5% growth. Div last year was 2.5ct (increased from 2ct in FY09 and 1.5ct in FY08). They can increase the div further as their payout ratio was only ~40% for the past 3 years plus the yield is rather pathetic (1.63%). But then again, they may not do that as they'd embarked on aggressive expansion activities (acquired new building + expansion plans for current building) and will need the free cash.
Here, I'm buying more for the growth, rather than the yield. But, at PE = 24.86, it's valuation is not cheap, so, if you do buy, please do be aware.
ComfortDelgro @ $1.47
Sell @ $1.47. My last ones. Bought in Jul-11 for short term trade and ended up averaging down a few times. Finally, managed to sell all. Don’t like to hold for long term as Yield < 4%, can't even cover current 5% inflation rate and further, doesn't seem to be growing (Profit rather flat even though there's some slight growth in Revenue). Will pick up again for defensive purpose if price drops back. Buyer CP '08' – CS. 😀