SPC   

SPC

Ha ha, SMRT, last few days train's routine hiccup ah, causing inconvenient to commuters. Last fine not enough, now likely kena again.

Agree, keeping high div stock is a good strategy for making kopi money. Coming weeks, SPC(40c) Kepcorp(30+25c) and Kepland(20c). However, both Kep already cheong for few days already. Whether the price suit you or not, your choice. I bought these 3 burgers near CNY, now less both Kep not yet break even yet, but quite close already. 

May see some returns if they steadily move upwards till Ex date. Hope for the best leow loh. Cheers.

 

Alamak,I stupidfool also know that SPC not running fast cos of some warrant play.How come u Goondoo also dont know???

Be patience as SPC is a defensive counter,otherwise u better play those with high PE counters lah. 

Anyway good for u to let it out of ur chest,it is frustrating to see other counters cheong and urs moving like snail....lol

 

Correction: Goondoo, you are in GREEN, not like many who are in RED. So dun complain of making less as no ones knows which counter will make the most.

idesa168      ( Date: 03-Apr-2008 16:39) Posted: Goondoo, you are in red, not like many who are in RED. So dun complain of making less as no ones knows which counter will make the most.

 

Goondoo, you are in red, not like many who are in RED. So dun complain of making less as no ones knows which counter will make the most.

 

My view: Lately the financial, Banks and SGX is trending up furious. All money had flow into those counters the last week or so, hence oil play is minimal. Well, their time is almost up, see tomorrow. I guess the $$ will flow back to defensive counter with good divvy like SPC, ST Engineering and not forgeting SMRT which is a counter that is not adversely afected by the sub-prime. Just my opinion.

ViperG      ( Date: 03-Apr-2008 16:30) Posted: Bro...remember that we bought this counter at 6.51 and were frustrated on the "non performance" for this stock. Waited for 1 week and it went all the way up to 6.8+. So going long for this counter will still be fruitful...at most collect dividend.

 

Actually I bought at $6.5 and feel lousy about it.

If u bought all the stocks from the peak, u will lose less for SPC.

But if u bought at the recent bottom, u will earn the least for SPC.

Maybe cos it is a low beta stock or it did not fall much? But other oil stocks like ExxonMobil and CNOOC and PetroChina is very much more active.

Dun mean to offend anyone, just feel that I made an extremely bad judgement buying SPC at the recent bottom 2 wk ago. I actually picked the lowest % gain stock from the 50 or so blue chip stocks. Doing abit of procrastination, sorry about that. Hopefully will have better stock picking next time.

 

Bro...remember that we bought this counter at 6.51 and were frustrated on the "non performance" for this stock. Waited for 1 week and it went all the way up to 6.8+. So going long for this counter will still be fruitful...at most collect dividend.

 

goondu,

Taking your comparison with the other companies, lets compare where they are compared to their recent peaks.

Stock                     Recent Peak            Today's Price              Difference %

SPC                        9.00                           6.86                         (23.77)

SGX                        17.20                        8.80                         (48.8)

KepLand                9.20                            6.18                         (32.8)

CityDev                  17.70                         12.30                        (30.5)

Cosco                      8.20                            3.80                       (53.6)

DBS                        25.00                         19.78                      (20.88)

From the above, SPC's fall from its peak is less than all except DBS. So, from the long term perspective, SPC is doing better that the rest.

 

 

Actually I am watching SPC for the last 2 years, very closely. It was from $4.00 and trend up to $9.00 range before coming down to $5.00 range. Eversince then, SPC had been very healthy trading in a band of $5.00 to $8.00 range in this 12 months. Unless Goondoo bought at the high of $9.00 range, I dun see why he is cursing SPC for that? Besides, I am in anticipation of SPC to trend above $7.00 soon. My opinion only.

 

Hi Goondoo,

For your information, last year was a record year in earnings for SPC

goondoo      ( Date: 03-Apr-2008 15:48) Posted: But seriously, u guys not worried that something is very wrong with SPC? Everyday close at day low irregardless of STI up or down. When every single stock in the market has risen sharply, is there something very wrong with a stock if it has risen much much less than any other stock in the market? I think even chartered and ST Engg (low beta) beat SPC in % gains. SPC just flat, can neither short nor long. Like everybody else say, good dividend stock. But if so, how come nobody wants it (if demand higher than supply, price will go up quickly). Possibly bcos it is one of the few companies with 0% earnings or even negative growth (my opinon only). Can't figure it out, maybe I am just not an intelligent investor.

 

So i see that goondoo is actually pouring out his grievances.  The way you put it earlier on was over reactive, a number of sifus actually have good faith in this counter and might be offended for being called fools.  Hee hee....

Don't worry, all stocks will move up and down.  Keppel Corp and Semb Corp was down for quite some time too before they start moving up.  Be patient.

Cheers!

goondoo      ( Date: 03-Apr-2008 15:32) Posted: Sorry, do not mean to offend anybody, just that I bought SPC too, and dunno when this godforsaken stock will ever catch up with the mkt. I don't want to go for peanuts gain (less than 10%) when we are having a big bull run. SPC really tied up all my capital, now can only watch all other stocks fly up into the sky helplessly.

 

I agree with ozone2002 that some Stock must have patience and i am not saying this because i am vested. But rather what make us so sure that today will be a bull and not a bear run? Need to see the fundamentals for certain counters i.e. PE Ratio, EPS and Dividend payout. And one good stock is SPC and Starhub where they give huge and fat dividends for years.

 

Dun worry, I am not offended, even you just did, indirectly branding me as a foll as I had just jeep more today...hehehe. Dun worry lah, we are all open for critics, just keep posts coming in....! I understand that every dog has its day, SPC turn will come. Patience is the word. Fast gain fast death, slow gain, can sleep better. Cheers!

goondoo      ( Date: 03-Apr-2008 15:32) Posted: Sorry, do not mean to offend anybody, just that I bought SPC too, and dunno when this godforsaken stock will ever catch up with the mkt. I don't want to go for peanuts gain (less than 10%) when we are having a big bull run. SPC really tied up all my capital, now can only watch all other stocks fly up into the sky helplessly.

 

But seriously, u guys not worried that something is very wrong with SPC? Everyday close at day low irregardless of STI up or down.

When every single stock in the market has risen sharply, is there something very wrong with a stock if it has risen much much less than any other stock in the market?

I think even chartered and ST Engg (low beta) beat SPC in % gains. SPC just flat, can neither short nor long. Like everybody else say, good dividend stock. But if so, how come nobody wants it (if demand higher than supply, price will go up quickly). Possibly bcos it is one of the few companies with 0% earnings or even negative growth (my opinon only). Can't figure it out, maybe I am just not an intelligent investor.

 

Personally, I should think that a stock market player should never be upset or get angry with alternative views, no matter how much we love our own.

To do so would be definitely detrimental to one's market success in the longer term.

Thus, it is well to learn, through pain, as much as possible about the market beast...

 

good stock must have patience...

bad stock will chiong like no tomorrow ...and to the grave in double quick time..

so which heart pain ya want?.. long or short?

everyone seems to want quik gains..u want quik gains can go set up get rich quik scams..tat one earn damn fast.

 

Sorry, do not mean to offend anybody, just that I bought SPC too, and dunno when this godforsaken stock will ever catch up with the mkt. I don't want to go for peanuts gain (less than 10%) when we are having a big bull run. SPC really tied up all my capital, now can only watch all other stocks fly up into the sky helplessly.

 

Aiya, I am not easily taken in lah. I bought SPC based on fundamental, and by nature a defensive stock as the float of shares is thin in the mkt, so BB will manipulate easily. Plus a fat divvy waiting for us, why bother about what others say. Even the tock analysis by the so call guru I also brush aside...lol...nobody knows what will SPC shareprice trading next hour, dun say about 4 days later...lol!!!

 

Agreed.Always enjoy ideasa168 posting.Anyone will be happy if the comment is constructive.

 

Sometimes you don't really need to bother what others say