Sell @ $1.35. Just announced rights issues 1-for-3 at S$1.32. Sell some to make it a multiple of 3, so that I won’t end up with odd lots 😀
AmFirst @ RM0.94
PBankF @ RM10.30
AmFirst @ RM0.955
PBankF @ RM10.10
Rickmers @ $1.54
Buy @ $1.54. Yield @ ~8.393% based on latest div payout. Fm IPO prospectus, DPU policy is US2.14ct/Q. Will hv US$ forex risk as all their revenue are in US$. The other 2 Shipping Trusts (PST and FSL) are better yielding at 9.6% but traded in US$. The last time I chk, the bid-ask US$-S$ exchange spread is 1%+, which is aro’ the diff in yield I’m getting 😀
AmFirst @ RM0.97
Cambridge @ $0.835
Sell @ $0.835. Feel a bit silly to sell at this price esp. since some of my recent buys were $0.955, $0.90, $0.885 and $0.86. Luckily got those bot’ at $0.67-$0.68. Didn’t quite like their current equity fund raising exercise which involves Private Placement (called their IR and confirmed no rights issue to existing s/h) at up to 10% discount and which will result in lower yield (FY07 5.604ct ; FY08 5.799ct – assuming new issue at $0.80) compared to current yield (FY07 6.038ct ; FY08 5.992ct).