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Sell @ $1.355
Last day of cd (Div 2.3ct)… Treat as Yield Rotations Play since mkt is weak… Closed @ $1.36… Trading pattern appeared like someone's collecting… But, this happens often for ARA… easy for manipulator (buy / sell) as usually low volume… 😀
Q216 EPS (1.94ct) was flat qoq (1.94ct) & yoy (1.95ct) but for yoy, share base was enlarged after 18-for-100 Rights @ $1… So, considered as improved yoy…
Sell @ $2.79
Big +7ct after I sold yesterday…. My only profitable ones after Div = 8.3ct + 7ct collected… The mkt may be slowly losing it's fears of a 4th Telco… Analysts are pointing to weak financial mkt condition as reason 4th Telco may not be able to raise the huge sum of $$ required for the infrastructure… I play safe as the tender date approaches… Will likely do more short term trades…
Sell @ $2.73
A surprise +6ct when STI is -ve… even Starhub -6ct…
This batch was bought for Yield Rotation Play… but failed as it dropped before xd and BE wasn't hit at all… After xd, I failed to buy more to average down, due to fears (of further drops as 4th Telco tender looms in the horizon) + Greed (want to get it cheaper)… It started gaining in strength recently and today, my BE (after Div = 7ct) was hit… So, Adios! Can consider as a successful Yield Rotations Play?? 😀
Buy @ $1.545, $1.54, $1.535
A new addition to my portfolio…. Finally decided to add back again… but PE = 37.53, Yield = 1.3%… Supposed to be a growth story altho' seemed to have peaked in FY13… May take a while for new assets to stabilise and generate FCF… But, they have stated they plan to invest $1Bil in new projects… 😀
Buy @ $1.445, $1.435
Average down… STI -49.93 @ 2868.69… No window dressing with Banks likely being the main cause… Swiber had announced Liquidation (later change to JM after mkt closed) and DBS exposure is $700M (they believe half can be collected back) and UOB saying their exposure is manageable… OCBC did not mention any exposure… 😀