SPH   

SPH

No signs of change in TA signals since my last post... either slow downtrend or stagnation.

 

SINGAPORE PRESS HLDGS LTD That's the data on dividend for the past 2 years +. 2004 was long and complicated. Visit SGX website to find out more,
	DIVIDEND	27 Apr 2007	2 May 2007	15 May 2007	SGD 0.07 ONE-TIER TAX
	DIVIDEND	8 Dec 2006	12 Dec 2006	22 Dec 2006	SGD 0.08 ONE-TIER TAX
	DIVIDEND	8 Dec 2006	12 Dec 2006	22 Dec 2006	SGD 0.09 ONE-TIER TAX
	DIVIDEND	27 Apr 2006	2 May 2006	16 May 2006	SGD 0.07 ONE-TIER TAX
	DIVIDEND	8 Dec 2005	12 Dec 2005	22 Dec 2005	SGD 0.01126 ONE-TIER TAX
	DIVIDEND	8 Dec 2005	12 Dec 2005	22 Dec 2005	SGD 0.083425 LESS TAX
	DIVIDEND	8 Dec 2005	12 Dec 2005	22 Dec 2005	SGD 0.1 LESS TAX
	DIVIDEND	22 Apr 2005	26 Apr 2005	10 May 2005	SGD 0.05 LESS TAX
	DIVIDEND	22 Apr 2005	26 Apr 2005	10 May 2005	SGD 0.0375 LESS TAX

 

incirent

Hey, I only hold SPH counter this early this yr. Wonder how many time within a yr SPH issue dividend? 

 

 

TA charts show either stagnant movement or slight bearishness.

 

Oil Madness...the possibility is there for this elephant to have M&A story to tell but not from a foreign media giant. Somehow, media in S'pore is still a garment thing and if there is a merger, it will be with MediaCorps TV. However, that will take many years for that to happen.

 

I'm not trying to stir up anything. Now everyone is talking about consolidation in the media industry. Now with Dow Jones and Reuters being take over targets, can the same thing happen to SPH? Maybe some big media giants overseas see the great opportunity in SPH, a monopoly in Singapore and the government's plan to increase the population to 6.5 million.

 

 

Reason unknown but May-June period normally weakest and the whole world expecting market correction. This kind of fall is ridiculous. Only way is average down and hold maybe until Christmas.

 

up so slow, down so fast. super pathetic holding for me

 

all analysts are hyping except for ocbc, target ~4.5. wonder wats the reason?

 

Another piece of good news in relation to SPH. Its 1% investment on Starhub is paying off again. 

It is very evident that everything is going its way except the A/R. It just requires some positive news on its A/R then SPH will be soaring.

October 2007 might see a good dividend for SPH.

Paragon revaluation in June, Starhub higher dividend, Pro-rated profit for Sky Eleven, dividend for M1, lower cost in newsprint, profit from its main printing business

Everything looks so positive except A/R. What a waste? 

 

Judging from all the positive news in relation to SPH, its share price has nowhere to go except to the North Pole. Sky 11, cost of print drop which affect net earning by 2%, Revaluation of the shopping center in Orchard road, favorable return from investments such as M1. It just need some good news on A/R and the shareprice will shoot to the North Pole. You need to have patience to catch big fish. I am sitting on SPH for 1 1/2 years already and the dividends I received so far is more than if I put the same amount in the bank as F/D.

 

Most of the broking house recommend a buy call. This is a very complicated bussiness. ???

 

TA charts don't look very bullish for SPH.

 

My take is its a short term pull back due to disappointing interim divvy.

HY result is about inline with expectation. SPH is still good for th next 2-3 years mainly due to their property division.....but I suspect that the media division may start to show healthier growth within the next 12 - 18 months.

Vested

 

As expected, the mkt is not too optimistic about the earning. Media earning shd be the bulk not the property. Good luck to those who went in this morning at -2¢, it's now -10¢ while I am writing.

 

V* = EPS (8.5 + 2g) 4.4 / Y [BG's formulae]

= 0.28(8.5+2X4)4.4/4.4, assuming y =4.4[conservative], growth =4%

=4.62

 

well, 20% net growth , but price down 1% now to 4.56...

action later or????

 

eps this year 1st half 14 cts, last year 1st half 11 cts...but divi 7cts is same as last year's...perhaps final divi in sept/oct of 21 cts be given..making total divi for fy2007 28 cts compared to 23 cts for fy2006.....if 28 cts yield  (based on px 4.60) is 6% but if still 23 cts (based on 4.60) then yield is only 5%...not difficult to get 5% divi yield's counters with good px increase on n off.  

 

SPH is not a media play..........flat earnings on the media front.

The play is their investments and property.......(Paragon) and property development.

 

I am certainly not impressed by the result that only with exceptional gain, a 20% up. If stripping off that, the earning is flat. 7¢ divvy is a little stingy, but better than none. Hope this dumbo will fly tomorrow. Vested but not much.