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4501-4520 of 6935
If tomorrow the stock price is going to open 4.75 and below, based on my calculation for my holdings, it would be wise to unload @ 5.10. :p
Then again how would we know. :p
who else has intention to load up on SPC with the incoming dividends? and what price would you enter? personally i would love to buy it at 4.60 and below.
passo695, dont be so positive! SPC has never failed to disappoint recently, and i'm used to it already.
Have to see how the oil price go but I think 2007 profit will be break 2005 record.
As for tomorrow, if it drop 35c that should be 4.75 if close at 5.10.
Current trading PE is 9X, sorry about the errors I posted just now. I am just curious why SPC, a blue chip, is still trading at such a low PE even they produce a sterling results year after year. Is it a laggard? If you see some of the laggards like SPH, it is still trading at 16X PE. Is it that oil industries company usually trade at this PE? Anyone know what are the PE for Shell and ExonMobil?
shplayer.... Q1 @21¢, lets est Q2 which will be better than Q1 to be @26¢ conservatively, we will have 47¢ for the 1H07. Even with close down of refinery for maintenance on the 2nd half of the yr, it shd be able to amass another 28¢ to 33¢. This will make the total of about 75¢ to 80¢ in EPS. Based on 8x PE (currently trading), the share price will be ard the range of $6.00 to $6.40 (+45¢ of dividends you mentioned). I am a little nervous now seeing the figure I projected....am I too optimistic? Whichever the case, I will be holding on for a long long time.
Onefor02, if my guess is correct, that price maintain after XD, all of us will be laughing to the bank. But I think there is no free lunch lah!
The ratio of Buying against Selling today is 1040:192. This display that there is great demand and usually situation like this will send share price rocketing. Why is it so that this is not happeneing here? The BBs are controlling the price? They have not buy enough? Or they are accumulating the demand so that comes XD, the price will not drop but continue in the uptrend? Mmm... all the guesses will be reveal tmorrow! I like shplayer's calculation of 45¢ for 2007 dividends...we all like to hear nice things here!
no need to lelong..... the FMs will buy later in the afternoon. Expected today to reach 5.20 and above. wait and see.
hahaha, nice. want to buy but no cash, how?
There is one guy who usually will lelong for SPC. I wonder where he is now.
In any case, I will double up his role today.
SPC! SPC! Last day to get your special dividend! Buy 1 lot get SGD350 in dividend. Thats about 6.8% dividend yield @ 5.10. Lelong Lelong!
:p
Onefour02 ,
Well it depends , the market is unpredictable , but so far I had bought in from price ranging from $4.34 to $4.92 . I will just monitor how the price go , but I had calculate using using few methods
according to the lastest report and still find it undervaule .With the oil price remaining at current level , i bet the result will be better next Q .
A La Niña in 2007?
The chance of a La Niña developing in 2007 is thought to be higher than the long-term average (which is about one in five or 20%) because (a) they have a tendency to follow an El Niño; (b) the 2006/07 El Niño decayed somewhat earlier than normal thereby giving time for a La Niña to begin developing during the critical March to June period; (c) several of the better computer models are predicting one to occur; and (d) a large pool of cold sub-surface water is persisting in the central to eastern tropical Pacific Ocean.
The chance of a La Niña developing in 2007 is thought to be higher than the long-term average (which is about one in five or 20%) because (a) they have a tendency to follow an El Niño; (b) the 2006/07 El Niño decayed somewhat earlier than normal thereby giving time for a La Niña to begin developing during the critical March to June period; (c) several of the better computer models are predicting one to occur; and (d) a large pool of cold sub-surface water is persisting in the central to eastern tropical Pacific Ocean.
From a financial point of view, shouldn't the XD price of SPC falls 20 cents? Special dividends are not recurring, and rightfully should not affect the stock movement?
Anyway, if it falls more than 20 cents on XD, im getting out first. Just my personal opinion.
NewGuy, at what price would you accumulate?
idesa168, i too hope the share price would stay unchanged on fri, but it might not turn out as we wish, good time to shake off those who are not firm and see the true value of SPC, hope they will be happy with their capital gains.
Crude oil, gasoline, natural gas, heating oil up. Gasoline up 2.5%.
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shplayer, I have been wanting to ask you this question but forget again and again.
What is the significance of record date, which is usually about 4 days after xd? Or it really does not matters?
Ah, another qn (because of your qn on STE annual report). Do companies use a cut-off date to decide who they will send those annual reports to? How is it decided?
Sorry to ask such trivial questions. Thanks in advance.
Livermore,
Just curious, why do you choose to get out? Care to elaborate? e.g. you think px will drop more than divvy amt? Thanks.
My earlier est of FY07 eps was 60 - 70 ct.
1Q 07 eps of 21 cts is better than expected.
My guess is FY07 eps will come in at the upper end of my est...i.e. about 70cts. and a divvy of 45cts
Based on today's close of $5.05, the theoretical xd price is $4.70.($5.05 - 0.35)
Hence estimated P/E is 6.7X. and yield of 9.6%.
Pretty sound FA......