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Bought mine at $2.23, and then the price went down to $2.09 twice. If not for the EPL good news. Willl probably have to wait for a while.
Like singaporegal, I also unloaded yesterday at 2.34. Quite happy with the outcome of my first forey based strictly on TA.......but it was abit nerve racking at times.
Price moved from about 2.10 at the begining of the week to 2.19 on Thur in anticipation of the EPL announcement and then to 2.36 (peak) yesterday after the announcement. This represents a 12% jump in 5 trading days and almost 8% after the news was out.
Based on the principle of 'SELL ON NEWS', I unloaded the stock when the uptrend was getting abit tired at about 2.35.
Yes... I'm also keen to know what singaporegal has in mind next?
singaporegal, since u sold off Starhub, and recently Noble group, what's next in your eyes? what are u holding currently? mind to share? I am holding Bio-treat currently...
Maintaining NEUTRAL rating, with a CY07 target price of S$3.10. The above news
is a setback for SingTel. At our target, upside is in line with our estimated upside for
the market. Our target is based on rounding down our sum-of-the-parts valuation of
S$3.14. We believe SingTel?s ability to outperform will be capped by the lack of
catalysts as well as competition in Australia. Also, SingTel is trading at the upper-end
of its 12-month forward P/E range of 10-13x.
is a setback for SingTel. At our target, upside is in line with our estimated upside for
the market. Our target is based on rounding down our sum-of-the-parts valuation of
S$3.14. We believe SingTel?s ability to outperform will be capped by the lack of
catalysts as well as competition in Australia. Also, SingTel is trading at the upper-end
of its 12-month forward P/E range of 10-13x.
Bid price for securing EPL content
English Premier League (EPL) matches are keenly watched and followed in Singapore. It is believed that
securing exclusive broadcast rights for EPL would be a competitive advantage for pay-TV operators and
should result in increased subscription to their pay-TV services.
There were three known contenders for the Singapore rights - StarHub, ESPN StarSports (ESS) and firsttimer
SingTel- for EPL matches from Aug 2007 to May 2010. Out of Starhub?s cable TV customer base of
478K households, it is estimated that about 70% subscribe to sports channels. Currently Starhub charges
S$15 per month for subscription to sports channels, that translates to revenue of about S$180m for 3 years.
Plus there is additional income from advertising revenue also. As content cost constitute 40%-50% of
revenue, we think that S$150-S$200m will not be a too high a price for Starhub to thwart SingTel?s IPTV
launch. Some of the increased costs can also be passed on to the consumers in the form of increased
subscription fee. This can also be substantiated from what Hong Kong's PCCW is said to have paid about
HK$1.56 billion (S$312 million) for exclusive EPL rights for a market which is more than double the size of
Singapore.
English Premier League (EPL) matches are keenly watched and followed in Singapore. It is believed that
securing exclusive broadcast rights for EPL would be a competitive advantage for pay-TV operators and
should result in increased subscription to their pay-TV services.
There were three known contenders for the Singapore rights - StarHub, ESPN StarSports (ESS) and firsttimer
SingTel- for EPL matches from Aug 2007 to May 2010. Out of Starhub?s cable TV customer base of
478K households, it is estimated that about 70% subscribe to sports channels. Currently Starhub charges
S$15 per month for subscription to sports channels, that translates to revenue of about S$180m for 3 years.
Plus there is additional income from advertising revenue also. As content cost constitute 40%-50% of
revenue, we think that S$150-S$200m will not be a too high a price for Starhub to thwart SingTel?s IPTV
launch. Some of the increased costs can also be passed on to the consumers in the form of increased
subscription fee. This can also be substantiated from what Hong Kong's PCCW is said to have paid about
HK$1.56 billion (S$312 million) for exclusive EPL rights for a market which is more than double the size of
Singapore.
DBS Vickers maintain BUY for 12 months target at $2.65 (from previous $2.95 target). Moreover, it is overwhelmed by today EPL news. Correction may be expected.
But then market is not predictable, just like SingTel, though it was settled around $2.4x only few weeks back, now it is $2.9x, probably TA also can predict this surge in price sometimes.
For me, get out first, and assess it worths to re-invest it again...
You have your style...u have a good holiday than!
Hi nextdoor,
That may be true... but I would rather worry about lost opportunities than fret over lost money! :)
That may be true... but I would rather worry about lost opportunities than fret over lost money! :)
Singaporegal now u will have to worry that this will go up higher and it will. I'm still holding tight to it!
I believe Starhub has more potential to go up north even more.
But I sold it off at 2.35 today because I'm going on holiday and don't wish to worry about my stocks. :)
But I sold it off at 2.35 today because I'm going on holiday and don't wish to worry about my stocks. :)
Managed to let go at 2.35 after much waiting.. (bought at 2.23 month back). Finally....Relief....Thanks to the good news of EPL....
But SingTel is too high to invest though... Check out other counters....
wow... came back from lunch and now its 2.35!
Yay...
Yay...
starhub gives me a lesson to wait patiently... but then, it drops to 2.09 last week... haiih... anyway.. thanks sharejunction becuase actually, I was queueing last night at 2.23, (not knowing they got the EPL.)
la la la... throw all my 10 lots at 2.35, yeah!!!!!! I bought it at 2.15, *blink*... but too bad, I want to withdrawn actually... but I queue in the morning and go for mediacorp shooting, and come back it was done! haiih.... never mind, it's good enough to take profit and leave.... I will buy again if it drops , (perhaps it wont anymore)
Just bought mine at 2.30.
Cheers
so early offload ? why dont wait until $2.40 ? :)
offloaded mine at $2.30!
Thanks red1721 for your vote of confidence!
Just look at Starhub go!
Just look at Starhub go!
My patience didnt fail me this time again...10 lots sold at 2.28...and that exclude dividend I got few days back....You know, since I got into sharejunction, I havent lost a single cent in shares...keep it up guys...
P. S. I had never stop trusting your TA judgements...Thank you very much Singaporegal.