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Strong buying in the last 10 minutes. This can be seen even at the closing minutes 788 lots done with 440 lots queing at $4. Must be the work of the dividends that is going to be announced this Friday.
| Time | Last | Volume | Bid/Ask |
| 17:05:02 | 4.000 | 788,000 | B |
| 16:59:59 | 3.980 | 100,000 | B |
| 16:59:52 | 3.980 | 92,000 | A |
| 16:59:48 | 3.980 | 8,000 | B |
| 16:59:38 | 3.980 | 100,000 | B |
| 16:59:33 | 3.980 | 193,000 | A |
| 16:59:04 | 3.970 | 100,000 | B |
| 16:58:47 | 3.970 | 85,000 | B |
| 16:58:36 | 3.970 | 15,000 | A |
| 16:58:29 | 3.970 | 1,000 | B |
| 16:58:20 | 3.970 | 100,000 | B |
| 16:57:40 | 3.970 | 100,000 | B |
| 16:57:29 | 3.980 | 11,000 | A |
| 16:57:15 | 3.970 | 95,000 | A |
| 16:55:54 | 3.960 | 12,000 | A |
| 16:55:14 | 3.960 | 2,000 | B |
| 16:54:44 | 3.970 | 3,000 | A |
| 16:53:17 | 3.970 | 1,000 | A |
| 16:53:13 | 3.960 | 11,000 | A |
| 16:53:10 | 3.960 | 100,000 | A |
It has always been holding well as it is known as a defensive stock. In fact, it was one of the first few stock whose price went up instead of down yesterday..... plus the fact that they will be announcing the dividends soon.
I went to buy a Straits Times newspaper this morning and was told of a 10cts increase with immediate effect !! It now costs 90cts for weekday papers.
Well, not everyone will like to read from the web. Moreover, most of the companies will still order newspapers regardless of the price. To them it is a necessity. Besides, places like the libraries and many other stores etc. will still need them.
this is my opinion......
This refers to FARMER'S POSTING.
It is true that SPH is about to raise the prices of some of its publications. It is also true that salary is
rising, newsprint is also rising and in general, expenses are also rising. During this economic hard time,
it might not be a good idea to increase the prices of newspapers. One can easily access news websites
to obtain whatever news to satisfy one news needs. Furthermore it is free of charge.
Sometime ago, reading the Straits Times in the internet was free and then, SPH levied a $120 per year charge.
Due to this charge, I switched to reading other newspapers from the US, Britain and other Western countries to bring
me up to date with what is happening around the world.
This forthcoming increase in the retail price of some of SPH's publications might actually lower the readership. I sincerely hope that I am wrong in this.
