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Buy @ $10.28
Itchy fingers, went to jump-Q during 9am matching… dropped to a low of $10.25 when it opened… I felt the urgency cos' last week, when I failed to jump-Q for UOB at $22.48 by 1ct, it subsequently rebounded (closed $22.70 today)… 😀
I ought to consider keeping it for longer term as Banks will likely benefit from Rate Hikes…
Buy @ $2.81
Finally decided to buy back the ones I sold. Someone seems eager to sell… hit a low of $2.79…
Note that F&N PE = 28 is not exactly cheap and Yield = 1.56% is not exactly attractive. Further, their Growth had recently stuttered, with Q1 (Dec-14) seeing a negative in their Malaysia Operations due to the floods there. The Myanmar Beer issue is also yet to be resolved… So, a bet on their Growth story is likely to take a lot longer to happen… will have to rely on their Thai connections to make bigger inroads in the Thai mkt…. am less optimistic on cross selling ThaiBev non-alcoholic products in Singapore… 😀
Sell @ $0.525
Take a loss, free up some cash.
Q414 (Dec) results on 28-Feb was within guidance ie weak. However, with a strong FCF of 6.74ct, a 3ct Div was declared (ttl 6ct for FY14). The guidance going forward is positive. Cash/share also increased slightly fm 7.68ct to 7.87ct.
Everything looks good… except that CEO Andy Luong continued to sell down his stake for 3 consecutive trading days… 27-Feb, 2-Mar, 3-Mar…. at avg price of 53.12ct, 52.52ct, 52.39ct respectively… a ttl of 5.9mil shares and effectively preventing share price from going higher…
I'll likely sell down my stake further as it's quite huge and it's non-performance due to CEO sell-down has finally made me decide to shift the funds to other stocks… A better time for me to sell would have been during the 1-mth Blackout period in April, before the next Quarterly results aro' 8-May…. 😀
Buy @ $1.475
Wasn't free to make a decision when LS alerted me of selling pressure… to a low of $1.455. It'd recovered to aro $1.48 by the time I was free… Tried to jump for $1.47 during 5pm matching but was unsuccessful… matched at $1.475 and only partially done… My unit cost will be the same as buying at $1.49… my recent buy price… 😀
Sell @ $0.695
Cleared my only batch to free up cash. STI is weak, following US drop on Friday, due to stronger than expected Jobs data… mkt fears Rate Hike will be sooner than expected… On a day of many weaker REITs, A-HTrust was strong… Very likely accumulation on-going by a Fund, since last Friday… 😀