Posts

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SFI @ $0.83

Sell @ $0.83. Q108 results were very good, mainly due to turnaround of S’pore ops and despite exchange rate losses due to the strong S$ for overseas ops. Q2 and Q3 are traditionally their weakest Qs, so, I think it’s better for me to take some profits 1st. Will likely buy back if it drops back to $0.815 or sell more fm $0.835 onwards 😀

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M1 @ $1.94

Buy @ $1.94. PE 10.49 ; Yield 7.938% based on FY07 results. FY08 results are expected to be worse, that’s why price is weak. May be short term trade 😀

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AllCo @ $0.84

Sell @ $0.84. Q1 results were out last nite, DPU = 1.6ct (not paid as semi-annual policy). Above their projection of 1.5ct but way below my expectation as Q407 was 2.2ct. Yield = 7.643% @ $0.84.

Main positive is that they’ll appoint a sales agent for their Oz assets which is valued at ~S$600M+ or ~ $0.875/share. Their plan is to reduce their debts (gearing now 44.8%) and shift focus out of Oz to Asia. The coming year will be one of consolidation and organic growth, rather than acquisitions. 😀

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FSL @ $1.10

Sell @ $1.10. Make only a bit, more fm div. Afraid mkt may weaken after MSFT withdrew YHOO bid, also mkt hv gone up quite a lot since Apr. Will look to switch to other stks for div play. 🙂

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LMIR @ $0.56

Buy @ $0.56. Yield @ 10.786%. Last day of cd but got big seller. Mine was partially done during 5pm matching, seller code ’73’ – MacQuarie, LS got hers slightly earlier, seller code ’78’ – Merill Lynch. 😀

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Thomson Medical @ $0.67

Sell @ $0.67. Noticed buyer buying aro’ $0.65 onwards but in 10+ lots amt for the past few days. Sell some first since already xd on 22-Apr and try to collect again before the next results in Aug-08. 😀

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LMIR @ $0.57

Buy @ $0.57. Yield @ 10.596%. Just announced results yesterday, DPU 2.2ct (for period 8-Aug-07 to 31-Mar-08) or annualised DPU 6.04ct. Earnings was lower than IPO forecast due to lower rentals (they had to lower it to retain some key tenants) but DPU was still 3% higher than IPO forecast due to lower expenses and perhaps creative acctg. Key risks are pure Indonesia assets and effects of possible world wide recession. 😉

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SBSTransit @ $2.31

Buy @ $2.31. Yield @ 7.468% ; PE 14.11. Keep dropping, must be due to hi oil price (but not affecting SMRT and CD). Seller code ’79’ – JPMorgan, releasing in 5 lots at one time! 😀

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FSL @ $1.09

Buy @ $1.09. Yield @ 11.999% (based on Q407 DPU) or 12.931% (based on Q108 forecast). Today, they announced new acquisitions, so Yield @ 13.724% (Q208 forecast) and 14.319% (Q308 forecast). Market reacted by dropping 2cts! Seller code ’70’ – CLSA. Results due on 23-Apr, no surprise expected. 😀