F & N    Last:1.21   -

F&N

Thanks Elf!!!!!  Heading to the yzj thread now....

 

lol. no prob lah. just sharing here, esp since a lot seem to have been hurt by this crisis. knowledge is free after all.

haha, dun wanna accept disciples in case it goes to my head. plus, stress. normally, i wouldn't articulate it out so lucidly (these posts take time to type!), since it's all quite intuitive and meshed up for me already: will usually make my buy/sell call in under 5 min, with all into consideration. don't quite know how to explain it; but it's all together for me in my mind, rather than step by step as i've set out here.

ehhh...can't just ride on coattail! must learn to make own decision! independence! :P am currently holding portfolio for a few others already. enough stress. hahahah. but quite fun cos with a larger capital, you can diversify and hedge more risk than if one person's funds alone.

hm, you may like to take a look at my post on the yzj thread then (think the title is massive selldown on yzj or sthg): i had laid out step by step how i did the technicals for it. may be useful if you can bear to go through the tediously long post, since it's an explanation of the past, which would give a clearer pic as there is hindsight to confirm it now.

cheers! :)  

 

Thanks much elf!!!!  Really appreciate you taking the time to explain in such a lucid manner.  How I wish I can just ride on your coat-tail when you enter the market.  I'm a very small player but I am willing to learn. Unfortunately, it appears you ain't accepting any disciples so I will just grab anything that can help me build up my reserves in a slow but surely way... I have only about 10 years to do so so a bit kancheong somehow.

If you should ever decide to accept students, I'll rush there to be the first in line!

 

heylo alligator, no prob. my bad, shd have found the F&N thread myself but was too lazy to. hehe.

colorado, odds of 2.5 and above: ref to risk/reward ratio. ie, i'll only consider a trade if for every potential $1 i stand to lose (the risk), i can make $2.50 (the reward) in return. requires a calculation of potential targets, but yet must always keep in mind that targets are fluid. oftentimes, i'll run before the target is hit, as techs signal end of trend. but at the very least, downside is limited.

so like the F&N case i cited earlier:

at 4.65, the risk to drop to is 4.38. ie, potential loss = 0.27.

however, upside is to 5.2. ie, potential gain = 0.55.

hence, reward/risk ratio = 0.55/0.27, approx = 2:1.

however, if you take 5.2 to 5.9, and stop loss at 5.1, (work out the maths similarly as above), the reward/risk ratio is increased. to 7:1. ie, for every dollar i may lose, i stand to potentially gain $7.

hence from technical perspective, if you're talking a one-strike scenario, i'd choose to enter only at 5.2, although 4.65 looks 'cheaper'. it's the trend that's important to me, not the actual price.

it's not foolproof of course, but at least when one calculates like so, it does stop you from taking unnecessary risk: for instance, would you take a reward/risk of 1:5 odds? ie, for every $1 you stand to gain, you may lose $5?

that's why i've been staying out of the current market for the past two weeks; and that's what i mean when i say the upside is not worth the potential loss.

hope this helps..

 

Pardon me elf but what do you mean by odds of 2.5 and above?  Can you quote an example?  Thanks much!

 

Elf, thanks for your quick reply and numbers, really appreciate, I cut and paste here so that this become part of F&N .

elfinchilde Master	Posted: 22-Jan-2008 21:59
x 0 x 0 * Alert Admin	yoz alligator, the tech support for F&N is ~4.38. don't know what's below that. long term still looks down, but may have quite a sharp rally soon (likely tmrw: candlesticks show resistance of downtrend), since it fell steeply past two days. in which case, if it can break 4.8, it can run to at least 5.2. note above figures are for shortterm only (think end of this week or even shorter).  longterm, i would actually choose to go in slowly by averaging, with more lots entering if it can clear 5.2 on increasing vol, since that'd mean upside to at least 5.9. if you're talking about a one-strike scenario (aka, just whack in): mathematically, risk/reward per dollar invested: if you get it 4.65 to 5.2, the upside gained is 55c, while the risk is a drop to 4.38 (you cannot put an earlier stop loss since 4.38 is the range support). hence reward/risk ratio is 2:1. not bad in this market actually. but the more 'confirmed' ride from 5.2 to 5.9 would be 70c potential gain. downside would be limited as the support is 5.2 itself, hence for me i'd set the stop loss at 5.1 (just out of range). so reward/risk ratio becomes 7:1. that'd be how i'd set up for F&N. fyi only ah....loss/gain is your responsibility. i'm just shooting my mouth off. heehee. *risk/reward ratio: ie, for every dollar i risk, what do i stand to gain? i personally like to take odds only of 2.5 and above.
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Alligator Member	Posted: 22-Jan-2008 21:33
x 0 x 0 * Alert Admin	thanks elf  for your reply, I enter F&N but was rejected for some reason so I did not get it. Will try tomorrow.. perhaps.  It seems NAV of 3.77 is supporting its share?

 

 

Would this counter give out a good dividend this time?

 

The date the dividend is payable:

The Directors propose, subject to shareholders? approval at the Annual General Meeting to be held on 31 January 2008, a final dividend of 8.5 cents 1-tier tax exempt (last year: 8 cents, comprising 4 cents after deduction of Singapore tax at 20% and 4 cents 1-tier tax exempt) per share, to be paid on 26 February 2008. Taken with the interim dividend of 5 cents per share (last year: 4 cents per share) this will give a total distribution for the year of 13.5 cents 1-tier tax exempt (last year: 12 cents comprising 8 cents net of tax and 4 cents 1-tier tax exempt).


Books Closure Date:

Registrable transfers received by the Company?s Registrar, Tricor Barbinder Share Registration Services, 8 Cross Street, #11-00 PWC Building, Singapore 048424 up to 5.00 pm on 13 February 2008 will be registered before entitlements to the dividend are determined.
Notice is hereby given that the share registers will be closed on 14 February 2008 and 15 February 2008 for the preparation of dividend warrants.

 

SINGAPORE, 13 November 2007 ? Fraser and Neave, Limited (?F&NL?) looks back to
a record year in 2007 with a profit before interest, taxation and exceptional items
(?PBIT?) of $732 million, up 23 per cent over last year, coupled with significant, broadbased
profit improvement in all businesses. Revenue and profit after tax grew 25 per
cent and 15 per cent respectively, while attributable profit before exceptional items grew
28 per cent, to $378 million. The positive profit growth stems from the progressive
recognition of Development Property income which grew in tandem with the rising
Singapore residential market, continued growth in Food and Beverage and improvement
in Publishing and Printing.

Earnings per share (before exceptional items) of 28.6 cents is well ahead of the 25.3
cents recorded last year, despite the increase in issued share capital. Net asset value per
share also rose almost 23 per cent, from $3.07 as at 30 September 2006 to $3.77.


Directors have recommended a final dividend of 8.5 cents per share 1-tier tax exempt,
which together with the interim dividend of 5 cents brings total dividend for the year to
13.5 cents per share, an increase of 12.5 per cent over last year. This final dividend, if
approved by shareholders, will be paid on 26 February 2008.


Mr Lee Hsien Yang, Chairman of Fraser and Neave, Limited applauded the Group for
another year of sterling results. ?F&NL has achieved record levels of growth and profits.
We are now harvesting the results of our relentless pursuit of regional expansion and
investment in multi-core businesses, which have delivered sustainable long-term
growth,? said Mr Lee.

 

Hi Jackjames:)

Thanks for your reply. That means the dividends will be $85 for every lot? but why got 3 dates?

Sorry newbie...

 

DIVIDEND

11 Feb 2008

13 Feb 2008

26 Feb 2008

SGD 0.085 ONE-TIER TAX

 

Hi, does anyone know how much is the dividend pay out? and when is the last day for the buying of the share for its dividend?

Thanks~!