Posts

Posted on

UMS @ $0.565

Sell @ $0.565

Continue with my plan to reduce my stake. After the last sell @ $0.565, it dropped back to $0.55-$0.555. The next few days will be interesting,

  • 30-Apr : EGM on Share Buy Back Mandate
  • 5-May : xd for 3ct div
  • 8-May (?) : Q1 Results / End of Blackout Period

Yesterday, AMAT & Tokyo Electron announced they'll not go ahead with their merger plan (first annc in Sep-13) due to anti-trust objections by US govt. AMAT dropped -8% + last night but for UMS (AMAT is their main customer), this news ought to be neutral as any benefit / detriment from such a merger would have taken years before we know what it'd be..

Anyway, I need to pare down as part of my risk mgmt… My huge stake had been a drag on my portfolio for the past year and CEO continue to behave in a manner (selling down his stake) that creates uncertainties… which is risk to me… 😀

Posted on

FCOT @ $1.54

Sell @ $1.54

Last day of cd. Last few minutes being bought up, take some profits first. DPU = 2.3754ct was lower than last Q = 2.4608ct… Looks like most of the easy DPU accretion from Alexndra TechnoPark (not renewing Master Lease) had been recognised… NAV = $1.55.. Looks like upside is limited…

But, they subsequently (after results annc) announced selling a $44.8m Hotel Lease agreement (~6.57ct / share) with Frasers Hospitality and a proposed acquisition of Australia asset from Australand to be funded by Debts & New Equity. The former will be +ve as they may pay out higher DPU from Capital Gains while the latter depends on the means for New Equity (Private Placements at big discounts would be bad).

Will be watching the latest development closely and react accordingly… 😀

Posted on

SATS @ $3.17

Sell @ $3.16, $3.17, $3.18

Hit my Yield Rotations Strategy target of min. +8ct expected div. Cleared all, no more. Closed $3.20 on high vol… Looks like collection on-going as all ang-mo CPs… 😀

 

Posted on

STEng @ $3.59

Buy @ $3.59

Itchy fingers… new addition to portfolio. xd today and -18ct, a lot more than Div = 11ct. But, it actually went up a lot leading towards xd (was $3.48 end-Mar)…. 😀

Posted on

SATS @ $3.07

Buy @ $3.07

Was studying the operating data which was released on 20-Apr…. After comparing past Quarters of Operating Data with the Quarterly Results, I couldn't conclude any good correlation… I think the EPS finally also depends on how well they managed their expenses… Take the risk, buy some more as prices are lower… by 1ct… 😀

Posted on

SATS @ $3.08

Buy @ $3.08

A new addition to my portfolio. Based on 9M EPS = 12.9ct, am expecting FY14 EPS to at least match FY13 EPS = 16.1ct. Chances of maintaining 2H Div = 8ct is therefore high. Further, with Cash (Dec-14) = 32.26ct, at a healthy level, there's the added incentive for their parent (SIA) to milk this Cash Cow, especially since the other Cash Cow (SIAEC) is facing weakened EPS and Cash level is not at a very high level, after being "milked" last year. In the best case, for SATS, Div could be 1-4ct more, but note that Cash lvl for 9M14 is about the same as 9M13 when they were not 'milked' by SIA… 😀

Posted on

F&N @ $2.816

Buy @ $2.82, $2.81

With STI at a 7-Yr high of 35xx, most stocks in my watch list don't look attractive… Note that F&N is not exactly cheap either and faces the uncertainty of the lucrative Myanmar Brewery biz being forced to be sold to their Myanmar partner…But, almost no other F&B listco of good size left now… Hv to bet on their unfettered (last time constrained by their Coco Cola agreement) expansion into the regions… 😀