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Sell @ $17.49, $17.58
Cleared 2 batches at BE… A good day for Banks & STI!
Am left with the $19.62 ones… 😀
Sell @ $0.54, $0.545, $0.55, $0.555
Q415 Results were out last night,
Despite an excellent set of results being announced plus UMS continue to have Strong Profitability, FCF Generation and Strong Balance Sheet, I have stuck to my decision to pare down my holdings… My original target was 52.5ct but I'm adjusting it upwards during this period of cd.
At $0.555 (today's close),
What's there not to like about UMS??
Lastly, I'm low on Free Cash, High on UMS and I'd like to Average Down some of my other beaten down stocks… 😀
Buy @ $0.62
FY15 Results were out yesterday…
A very solid Q4, driving up poor 9M EPS to FY15 = 9.71ct vs FY14 = 8.84ct…. BUT, mainy due to a One-Off Gain = $5.9Mil from Partial Disposal of Kingsmen Thailand (IPO listing) & the subsequent Fair Value Gain of Balance Stake… Div = 2ct, lower than 2H14 = 2.5ct (but higher than my projected 1.5ct – 9M EPS was very bad).
FCF was -ve, but mainly due to the Acquisition of a Factory in Malaysia (RM35Mil @ Beginning of Year). Coupled with a Land Purchase ($7.068Mil @ Changi to Build HQ), Cash is Lower ($72.6Mil vs $83Mil) & Debts Higher ($13.4Mil vs $6.5Mil) y-o-y…
For FY16, biz will be challenging due to Singapore economy slow-down… Cash will likely be consumed for building new HQ…
Shares Buy-Back was aro' 64ct – 65ct in Dec-15 & Jan-16. Today, someone sure has a lot to sell @ $0.62, but, Shares Buy-Back seems to be MIA… 😀
Buy @ $3.63
Buy back, consider as a successful "short"… IDA very free, disturbed TELCO Price Recovery by announcing they'll lower the Price Barrier for a 4th TELCO by lowering the minimum bid price to $35Mil and Spectrum Rights to Commence on Apr '17….
Interesting day for TELCOs as,
Perhaps the Report by Nomura dated 22-Feb (News link to TheEdge posted by David in whatapps) helped… Nomura Upgraded M1 to "BUY" and Target Price Raised from $2.95 to $3.30…. 😀
Sell @ $0.695
No more left… Am selling at a loss but becomes profitable due to the previous DPU = 2.2ct collected…
After the recent results (2H DPU = 3.03ct), I was wondering why I have a REIT with Gearing = 42.6% as I tend to avoid those >40% ones…. Had to re-read my own blog… It was meant to be a Special Situation Play during their Rights Issue and I got stuck… even went to the extent of buying Rights from the Open Mkt and subsequently, exercising them to sell… plus collecting one DPU… So much Time & Effort for so little Gain… 😀
Sell @ $0.525
Only partially done… Selling at a huge loss… but adequately covered by the total dividend received… My Creative Accounting Estimate is a BE @ $0.525… 😀
9M EPS = 5.67ct ; 9M FCF = 5.24ct
My Est, FY15 EPS = 6.94ct ; FCF = 6.93ct ie Good possibility of Q415 Div = 3ct at least, max 4ct.
Still, I have decided to sell down my holdings… Despite good profitability and strong Balance Sheet over the past couple of years, Share Price had been unable to rise due to fears of CEO selling… Headwinds have appeared in the horizon, with China slowdown + Oil Price plunge causing US recovery to stutter… Good for me to have more free cash to tap on new opportunities… UMS had been steady as a rock aro 50ct and my large stake ended up as a Blessing in Disguise… mitigating the -14% decline in STI last year and this year's 7-10% drops…