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Waiting for this bugger at $2.50 ...
Wait for the shortists to make my dream come true
Or for all the scumbags in US (Banks like ML, JP Morgan, Citigroup) to download because they lose until pants drop!!
too much cash on hand... vested 2.70 today ..
should be safe as a longer term investment, let hope that 2.6+ price holds
Yap, seems like advertisement will be affected this round on the earning plus property contribution...waiting patiently.
pikachu ( Date: 04-Feb-2009 07:43) Posted:
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I anticipate FY09 divds payout will be at least 20cts. The fall in advertising revenue will be covered by ppty sector thus, operational wise may still have healthy balance sheet. Yes, investment income will not affect its divd policy but believe the mgmt will scale it down in view of this exceptional crisis.
In addition, 2009 is SPH's 25th Anniversary, it might even pay more!
To add on, SPH pays out dividends based on their recurring profits every year, eg. it doesn't pay dividends based on investment income. So long as its core business of newsprint and advertising continues to perform, recurring profits should be more or less stable, though I believe in this downturn, advertising revenue will most likely fall, hence affecting recurring profits.
SPH has consistently maintained around 90% payout ratio, therefore my opinion, Dividends will fall, but not drastically. Payout was 27cents last FY, i would expect around 22-24cents for this FY. Very very unlikely to fall below 20cents.
I have not studied the financials of SPH in detail. A quick glance at the latest quarterly report, their fall in profit is due to investments and not due to revenue. In other words, their business operations is still going strong despite the recession. If I'm not wrong, SPH has a policy of distributing a fixed proportion of profits as dividend to their shareholders. With this in mind, it is likely that SPH will be giving out the same amount as last year.
Blogging at moneytalk.sg on the stock market, ETF and anything to do with money.
Yes assumming, but in reality and at current condition, do u think the dividend can be the same..definitely with less profit reported u are going to get less dividend..so your yield of 10% is not valid...and like some reit rumour to be givng out share rather than cash...how to arrive at the yield...JMO
moneytalk.sg ( Date: 12-Feb-2009 01:22) Posted:
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Assuming that they will still distribute the same amount of dividends this year and the buying price is $2.7, the dividend yield is a whopping 10%.
Blogging at moneytalk.sg on the stock market, ETF and anything to do with money.
Blastoff ( Date: 10-Feb-2009 12:22) Posted:
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How did you get the support & resistance level?
trader88.sg ( Date: 10-Feb-2009 18:44) Posted:
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Resistance: 2.83
Support: 2.62
Nobody can tell you whether SPH will drop below 2.5 or not. Basically, you have to do your own homework by looking at some of the indicators.... Generally, the company has been giving out good dividends. Not sure for this year.
lynnlee ( Date: 09-Feb-2009 23:26) Posted:
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Lynn, there are some injured old birds. When we ask naive questions, it can rub salt to their wounds. I bought 2 lots at $2.70, it should be + or - but it is ok, we are young, got time can wait. I am also waiting to collect on a very small scale a few lots of blue chips. I am also waiting for DBS to go below $8.
I guess your question is a bit naive.
Hi, I am quite new to investment. currently interested in buying SPH, can someone advise me what should be the target price for SPH? Will it drop below 2.5?
These bad news already factor into its current trading price already, is there any other worst news to come?
Advertising and public relations activities are usually the first to be cut. Staff training will follow closely.
Companies are cutting back their advertising and marketing budget. But I think company should be more aggressive on advertising and marketing in bad times.
Less jobs are available, so recruitment ads also drop.
Which means SPH's bottomline will likely be hit in the short term.
pikachu ( Date: 04-Feb-2009 07:43) Posted:
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Newspapers these few days VERY thin. Like no adverts.