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I think better dun catch a falling knife! Cheers!
Beneficiary of current high oil price environment
Singapore Petroleum Company (SPC) has seen its earnings grow by leaps
and bounds in the current high oil price environment, from loss-making
in FY01 to a net profit of S$508.4m in FY07. While earnings may
continue to be highly variable because of volatile refining margins,
this will be progressively augmented by its upstream earnings.
Attractive dividend yield of 9.0%
SPC has been rewarding shareholders during in its current purple patch,
having paid out over 60% of earnings in the last two financial years.
We expect SPC to stick to this payout level, which would result in a
DPS of 63 cts per share in FY08. Dividend yield is a very attractive
9%.
Singapore Petroleum Company (SPC) has seen its earnings grow by leaps
and bounds in the current high oil price environment, from loss-making
in FY01 to a net profit of S$508.4m in FY07. While earnings may
continue to be highly variable because of volatile refining margins,
this will be progressively augmented by its upstream earnings.
Attractive dividend yield of 9.0%
SPC has been rewarding shareholders during in its current purple patch,
having paid out over 60% of earnings in the last two financial years.
We expect SPC to stick to this payout level, which would result in a
DPS of 63 cts per share in FY08. Dividend yield is a very attractive
9%.
Good time to buy SPC? and wait for CO to rebound?
DJ will echo inversely with CO price. Hence, sleep early and wake up 2morow an hr before market open, to look at the teletext at page 220 on world business, and then decide loh.
ha ha, if got eat good liulian today liao, don't eat 2morow loh, heaty ah. rest for few days to see got better lelong ones or not. instead eat mangostine loh to lower the buhwee ogh. Cheers.
DJ not here not there, but CO rally, wonder liulian will cost more tomorrow?
ai.... SPC kopi$$ hard to make. Came out at 6.99 x 2 lots, little kopi$$...better than none...hehehe!!! I think SPC is still strong hard to sell down. Watch out the SGX, BBs with weak legs holding the counters....6.70 target!
now 42 B and S only 3. The buyers at B seem not amateur traders leh. more like blocking the price tagged at 7.05. 7.06 are the 3 sellers.
This burger still strong. Shortist traded in the morning may not get kopi money by end of today liao. AK guess.
will liulian drop today? I am prepare to buy from the BBs.
yes, agreed its better option for shorting.
Using CDF to short!
not me lah....i dont know how to naked short.Always fully dressed
naked shorting to buy back? think twice, ak 5 cts worth.
maybe tmr will have big fall...so u can buy back
And make kopi $$$
It just fell asleep...no excitment!
small plater here, just for kopi$$ oni...any price below $7.00 will be enuf....but I see no hope liao. The buying is building up...just going against the tide and test oni...small small here...hehehe!!!
stupidfool ( Date: 16-Jul-2008 15:08) Posted:
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may i ask wat px u buying back?
idesa168 ( Date: 16-Jul-2008 15:04) Posted:
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I am gonna test my luck...short 2 lot at $7.05...hehehe
this burger will hold strong till anouncement.
normally CO down DJ will up, however owing to the troubled financial issues in state, DJ failed to perform. but on the other hand, Asian is looking more on CO, nowadays, they don't bother much on US family problems liao.
CO keep on falling is good for all. If STI up, SPC will follow suit liao.
last yr mid Oct, SPC 9.00 when STI around 3800 and then CO only around 85 USD per blr.
now STI 2830, CO 138.74 and SPC Boeing 707. ha ha.
early lunch liao.
liulian is stubborn leh, not dropping as anticipated since last night CO dropped by so much...sigh, go lim kopi lah!
Liulian cheong when all fall today! It shows that this liulian will go higher in the coming days, wtch this space....Nearly wanted to short it in the morning but chicken out! If not, I will be giving my kopi$$ to the BBs...heng heng!!