SPH   

SPH

Has SPH sold its holdings on 1% Starhub and 14.1% in Mobile One?

Please comment?

 

Thank you singaporegal.  I queued to sell at $4.56 on Friday but price went down instead.

 

Sorry... typo... I meant SPH

 

Caution on SPC... buying interest in the stock is falling

 

Thank you shplayer for the useful info. This is the lst time I bought into this counter. Hmmm, I got to decide whether to sell now and buy again on dip or just continue to hold... I bought at 4.22 and already got the 17 cents paid out recently.   It will be better if they launch the Thomson site earlier :)

 

rickytan,

At the moment I am not vested.

However, as mentioned in my earlier post, I am not adverse to making short term (1-3 mths) investments on SPH...buying on dips.

I will consider long term investments only when I see some decent growth visibility in their core earnings. 

Bear in mind, SPH HY is 28 Feb and FY 31 Aug and company normally pays interim and final dividents.

Launch of Thomson condo is scheduled for July 2007.

 

From the speech given by the Hon. Tony Tan, it appears that SPH is embarking on the right path to further grow the publishing house. However, the chances of an investment blossoming is half/half.

One serious mistake with Asia1 is that SPH satrted to charge a fee of $120 per annum. This, I called it shart sightedness. SPH should focus its attention on big fishes, that is advertisers. Inorder to increase AR (advertising revenue) SPH should have a large reader base. Charging the negligible $120/year will discourage readers from reading Asia1. Afterall, important news are found everywhere - USATODAY, Washington Post, Mingpao, Singtao, Bangkok Post, you name it.
New investment through oversea acquisitions is to expand readership. Afterall, the mere 1-2 million Singaporean readership is too small to make SPH a regional player.

In summary, SPH is good for short term investment. These are the two critical dates, beginning April/07 and mid-November/07.

Fellow Forum participants, please comment

 

Hi shplayer, may I know whether you are still vested in this counter ?  Also, what is a good entry level if price dips ? Thank you.

 

Talking abt its core biz...

I just read in Straits Times that today's Recruit ads is 108pages... a high since yr 2000. And this directly adds $2 million to SPH.

And looking at its efforts to promote STOMP... it has EPL, hot babes, blogs etc, obviously trying to woo the young. And when enough publicity is generated..the advertising dollars will come in (just like this share junction). We (the forumers) provide most of the contents so to the company.... it is a low cost biz if relatively high yield.

On hindsight, i must say that AsiaOne is a relative failure due to the lack of publicity but if STOMP, things are look different.

If SPH is only focusing on prints, then i m v v worried but the mere fact that it is moving to the internet is enlightening.

 

value-seeker has a point.

The 14+% growth in 1Q 07 was mainly due to investment income.....but even this was not of management effort.. Most of the investment income profit was due to the capital reduction of their stake in Starhub - not through management asuteness.

Yes, there will be nice profit from the sale of condos...after that, where is revenue growth coming from? Sale of Paragon?...then what? All these are one off gains....

So, despite the benefit of monopoly, management is plodding along at their own comfortable pace. Management need to look at growth in their core business.

Having said that, this counter is still good for short term investment...pick up on dips and wait for good results generated from the condo project.

 

I can see it is a very obvious one like you mentioned. But somehow personally I wouldn't buy this one, as it looks rather bearish to me.

If you are confident, then there's nothing to stop you from entering long.

Let's see what gal has to say about this... :) 

 

I see it forming the "handle" of the classical cup n handle chart formation.

Plus it is still within the uptrend channel, strong support at 4.38.

TA experts here..do u all agree ?

 

gd, we should all see it fly to 5.

 

fully agreed, price will definitely appreciate during the condo launch. once they have cleared all non core assets, i dun see any real gd growth in revenue even they have monopoly media business because of complacency. getting to 5 is no big deal, it is only 10%++ from now, so let see it fly to 5 on april. 

 

SPH moves due to its property arms..

1. Paragon's value and its rental yield

2. Thomson exclusive condominium..

and if there is a long queue during the softlaunch in June or earlier.. then SPH will fly... otherwise it will be fried...

 

It appears that $4.38-$4.46 is the baseline for this Old Grand Dame for a while. End of March may see it hitting $4.60 provided nothing rough happens from now till then eg. oil price changes or big political changes. 

 

It's on the uptrend again.... :)

Should see it recovering back to its recent high of $4.56 by tomorrow's closing.

 

Agree with maxsyn. TA, FA increases the odds against you....but no matter how good you are in these disciplines, you will never win 100% of the time.

This is a game of probability...the objective is to win more than you lose.

 

TA, FA will help to improve the chance of making profit for each trade. It is done to predict the future price movement based on past record.

But each counter has its characteristics and as well as global news, price chasing, fear, etc... affects the price movement.

Do agree some traders will just using his own 'feeling' or other means to determine and take decision on a trade.

 

shplayer , agree you view, I don't trust TA, FA... I only follow the big players by their big volume buy in... say if a big timer rare to buy in 10000 lots in 1 txn... just follow him... if a big start to throw, we let go before him, even at lower rate...