FCOT @ $1.55

Sell @ $1.55

Contra off… Cheap thrills… 😀

Buying petered out at hi $1.555 before seller pushed it back down. I don't quite like the DPU projections in yesterday's circular as Yield is closer to 6% than my expectation of 6.5% growing to 7%… Better safe than sorry…. will likely sell down my balance small stake if prices stays firm at current level…

SMRT @ $1.585

Buy @ $1.585

Even tho'  buying slowly with every drop, the stake is becoming substantial… 😀

Starhub @ $4.01

Buy @ $4.01

Yield Arbitrage… Replace Singtel & M1… But, actually to average down previous buys.. ðŸ˜€

King Wan @ $0.28

Buy @ $0.28

Big drop from $0.325 after 1H results were released on 29-May. Big impairment of $12Mil for their China assets… Operating Profits lower,  but not unexpected… 2H Div = 1ct, reduced from 1.5ct… Even their KTIS stake is lower in value due to sharp drop from THB 11.60 (Dec-14) to THB 9.35 (Mar-15)… but still worth 12.9ct / share… Take the risk as Yield = 6% (if can maintain Div)…. Likely short term bet… 😀

ARA @ $1.78

Sell @ $1.78

Hit a high of $1.785 early in the AM. Got greedy and wasn't fast enough to sell when seller came along… only partially done as it  dropped very quickly… Hit a low of $1.745… 😀

 

Buy @ $1.755, $1.75

Try something new. Treat earlier sell as a short and this as a short cover… Bought more to maximise comms….  Good thing I have sold till I'm left with only a small holding… not so fearful to buy at such high prices… 😀

ARA @ $1.775

Sell @ $1.775

Matching started at $1.785 and decided to try to Jump-Q at 5pm. I thought my 1ct lower bid was already "kiasu" but was out-jumped by others… only partially done… 😀

FCOT @ $1.54

Buy @ $1.54

A strong seller appeared today, altho' buyer is still around. Hit a low of $1.535 but didn't dare to buy as seller was strong and buyer wasn't sround at that point in time… 😀

After mkt closed, their Circular was released for the Sale of Hotel Lease cum Acquisition of Australia assets. Whatt was interestig to me was the Q415 (Sep) DPU projection, assuming Hotel Lease sale and,

  • No Acquisition : 2.3013ct ; Gearing 34.8%
  • With Acquisition (Private Placement @ $1.50) : 2.3206ct ; Gearing 36.6%

This is vs Q215 (Mar) DPU = 2.3754ct ; Gearing 37.2% ie DPU is projected to decline even without the acquisition!

Singtel @ $3.93

Buy @ $3.93

Jump-Q during 9am matching but dropped to a low of $3.91 after that… 😀

 

Sell @ $4.05

What a remarkable recovery! Contra off 3 batches, a huge loss for the $4.12 ones but counter balanced by the AM $3.93 ones. Only a tiny net profit but freed up a good amount of cash. Hit a high of $4.08 and closed @ $4.07. What a roller coaster ride! 😀

M1 @ $3.23

Sell @ $3.23

Contra off 2 batches, one of which is loss making, but have a tiny net profit… 😀

FCOT @ $1.565

Sell @ $1.565

Contra off… hit $1.58 high after I sold… looks like Buyer is still sround… Closed @ $1.57… Can consider more short term trades if I have the free time and energy… 😀