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Buy @ $0.805
Looks like big seller is around, may be Fund selling… 😀
Buy to average down my previous buy (meant to be short term for last Quarterly reporting). Can either be short term or longer term as Yield >6% ; Gearing <30% & >10% discount to NAV. The latest news is on their Malaysian Borrowings being refinanced at a lower rate, which is positive for DPU.
PS. School Final Exams just started and I'll likely be less active from now….
Buy @ $0.565
After clearing some of my extras recently, decided to buy back a bit. Critical dates 7-Oct (xd for 1ct div) & Q3 Results (13-Nov last year). BB ratio will be released tomorrow 6am but am not expecting much reaction for UMS as it's fundamentally strong and current under-valued situation is due to lingering fears created by CEO sell-down (last time it happened, it took aro' 2yrs for mkt to gain confidence to buy up again…..) 😀
Buy @ $1.355
The FED press release was out early in the AM and the crucial term "considerable time" for rates to remain low was still present… Boosted my urgency to buy my target stocks… The next FED meeting will be end-Oct and looking at how fearful mkt became during the last few days, I better mark that date on my calendar and make sure I build up more free cash at least one week before that… Just nice, at the tail end of Sep-Q reporting season… 😀
Buy @ $3.78
With a sea of red today, I used % decline to help me screen for stocks to buy. The >-3% ones in my watch list are Genting, King Wan, Sheng Siong, Vard,… mostly sub-$1 ones where a single bid equates to a huge % swing. Decided to skip these as I'm suddenly more risk averse. For the >-2% ones, I decided to focus on the Yield Rotation list for Sep Q. Finally, decided on Singtel as it also allows me to average down my recent $3.90 ones… 😀
An interesting observation is US DJIA was +ve last night and the Tech & Internet-heavy NASDAQ was >-1% (Just read Lim & Tan report that the sell-down is mainly due to Fund Mgrs raising cash to switch to Alibaba IPO….). Around Asia, Shanghai was more negative than STI and HK behind STI, with the rest, mostly aound half as badly hit. A few, like Korea & Phillipines were even positive. As for Futures, Europe & US was red, but mostly by less than -0.5%.
So, FED 2-days meeting causing STI to bleed ahead of other regions??
Sell @ $0.785
My last lots, no more left. As STI continued to weaken (-39.85), I decided to raise free cash. Neratel became my first choice as share price stayed flat and the small Qty allows me to quickly remove one stock from my potfolio (become more focussed if I need to defend any stocks).
A bit unwilling to sell as the Q2 foward statement (from analysts' reports ie. not in Q2 financials) mentioned that Q3 will be better as projects got delayed from Q2 even as expenses were being recognised. If not for that, my calculated PE = 18.45 (latest 4Qs) makes it attractive only if EPS grows. Will keep in my watch list in case prices do drop to my preferred level and I happen to have free cash… 😀
Sell @ $3.03
Contra off, no more. With STI turning red today, I think I better consolidate my resources ie. Reduce the stocks in my portfolio in order to focus my free cash on a couple of them. If STI should drop further, the next step for me (when free cash runs low) would be to sell some of the stocks which'd not dropped as much (in % terms) and switch to those that'd dropped a lot more. Not forgetting, have to be based on fundamentals and valuations… 😀
Buy @ $1.38, $1.37, $1.355, $1.35
Cheap is getting cheaper… STI -33.08… suddenly, fear is in the air…. 😀
After mkt closed, SGX Annc on their refinancing of all existing Borrowings. Once it is drawn down to repay all existing borrowings, all their assets will be unencumbered. My understanding is, this means, the assets can be used as collateral (encumber) for additional borrowings, which can in turn be used for further acquisitions. But, this means the unencumbered borrowings may be subjected to higher interest rates. We'll have to see and compare the borrowing rates when it's announced (when drawn).