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It seems that the big seller are taking profit .... and we shall see what is the next level of support...
Wonder no insider parties buy to support the price ..... ???
STI is on red now. see sell down on this burger for profit taking. may try the buy back price of 3.98 or even lower within today n tomorrow. AK guess again, base on the market sentiment.
Testing $4 soon....
its capitalisation is 1,583.449m shares. the max allowable buy back is 158.36m. yesterday buy back was 4.31m. merely negligible.
AK opine that the chiong yesterday could be speculative loh. ha ha good guess??
Strong rebound by SPH to end yesterday at $4.08. The question now will be; will it continue its rally today???
agree
best defensive stock to on on sti for div
pay at least total 30c per annum almost always..
looking to load a few up .. see how mkt perform this week.. may see further downside to 3.8-3.9
goood counter
Haha! The coy finally buy-back its own shares again, this time bet $3.98-3.99 at 1.08m share costing ~ $4.3m. It may be seem as a good entry point for long term investors who's looking for reasonably high divd yield. At ~2.9x to its NAV, it isn't overvalue consider its monopoly status on local print market.
Frankly, I dun see further downside pressure from here onwards barring of course.... worsening market conditions. Hmm....seems that the BBs are desperately raising cash and the shorters are joining in for a free ride. Will kiv and accumulate further.Cheers!
Farmer ( Date: 15-Jul-2008 12:25) Posted:
Thats right! Must have faith...this is one of the most defensive stock in the current market, what else to ask for?
Those who think of accumulate some can wait for the next company buy-back which I believe may be imminent. Last coy action at 22/1/08 of 1m share between $4.13-4.24.
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No regret lah at 3.99.... See the dividends yield!!
DJ MARKET TALK: SPH +0.3%; Dividend Yield Lending Support (2008/07/23 09:46AM)
0146 GMT [Dow Jones] Singapore Press Holdings (T39.SG) +0.3% at S$4.01 on thin volume, tracking gains in most blue chips; but struggles to stay above S$4.00 (last closed below this level in August 2006). Stock fell steadily since April on lingering concerns of reduced advertising revenue due to slowing economic growth. Deutsche Bank, which has Buy call with S$4.99 target, says while monthly advertising expenditure down slightly since end-2007 highs, on-year growth still intact; "as such, SPH''s core print business remains solid with no deterioration in advertising revenue performance." Adds while stock lacks near-term catalysts, dividend yield of 7%-8% over next 2-3 years should underpin defensive traits in current market uncertainty. Resistance tipped at this week''s high of S$4.09. (FKH)
Naproxen ( Date: 22-Jul-2008 22:56) Posted:
| 3.97 is faked. Only 1 lot. But lets see tomorrow. I am in at 3.99. Regretting, but will keep it long long term for dividend play. |
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AK opine that 3.80 could be the low TP. Patience loh.
Please examine the past buy back by SPH. It never exceeded 1,000,000 shares each time. With the current economic condition, how many 1,000.000 shares can SPH buy back? Any way, $3.88 is the correct time to pick this particular cherry. My big basket is ready, are you?
3.97 is faked. Only 1 lot. But lets see tomorrow. I am in at 3.99. Regretting, but will keep it long long term for dividend play.
Share buy back so is this good or bad ? is this a signal to start accumulate more ?? 
price so attractive now.. vested.
Blastoff ( Date: 22-Jul-2008 20:36) Posted:
May not happen since the company buy back shares at $3.98-$3.99....
incirent ( Date: 22-Jul-2008 19:46) Posted:
SPH reached a low of $3.97 which is not far away from $3.88. Get ready a big basket to pick these juicy cherries
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It is interesting to see that SPH is only buying 1 million shares at sub 4 ... but the sellers are keeping on to sell like no tomorrow ..... from this point of view ... SPH is over valued at 4.00 ....
May not happen since the company buy back shares at $3.98-$3.99....
incirent ( Date: 22-Jul-2008 19:46) Posted:
| SPH reached a low of $3.97 which is not far away from $3.88. Get ready a big basket to pick these juicy cherries
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SPH share buy-back 1,080,000 shares at $3.98 and $3.99 has indirectly set the support level.
SPH reached a low of $3.97 which is not far away from $3.88. Get ready a big basket to pick these juicy cherries
SPH has tested 4.00 today .... and one has to wonder why this defensive stock becomes lower in price as compared with some time ago... and put it in another way.. is SPH still very over value at the moment?? So what is the fair value if SPH is an income stock with 5% yield?
If you still have bullets, you may want to average down slowly and hold until year end when they announced the dividends. Usually the price will go up by then....
Hulumas ( Date: 22-Jul-2008 13:03) Posted:
| Oh no, another big paper loss I hold to this counter, even bought yesterday at Sgd. 4.08 but still my average buying price at high of Sgd. 4.54 holding for one year already. Any suggestion to make some improvement? |
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Oh no, another big paper loss I hold to this counter, even bought yesterday at Sgd. 4.08 but still my average buying price at high of Sgd. 4.54 holding for one year already. Any suggestion to make some improvement?
Still have half a day to go, think it may break $4....
