Tai Sin

Ah.. you are still stuck in the old paradigm of a minimum commission charge. I have been using Standard Chartered's account for illiquid value stocks. I am happy to collect any small lots cos they all eventually do add up. Someone has sold to me one lot as well. I don't know how much he paid to sell that one lot but I definitely paid less than a peanut for it.

(21-07-2012, 05:45 AM)psolhawk Wrote: Ah.. you are still stuck in the old paradigm of a minimum commission charge. I have been using Standard Chartered's account for illiquid value stocks. I am happy to collect any small lots cos they all eventually do add up. Someone has sold to me one lot as well. I don't know how much he paid to sell that one lot but I definitely paid less than a peanut for it.

Is it the catch is stanchart will be the custodian of the shares? If it go belly up all your shares held by it also gone?

(22-07-2012, 12:27 AM)Bibi Wrote: Is it the catch is stanchart will be the custodian of the shares? If it go belly up all your shares held by it also gone?

Another thing to consider. What if SCB decides to charge custodian fee for the Spore shares one day?

For those who has been happily using the no-min-comm and amassed a sizeable custodian portfolio with SCB will be screwed. Either pay up or spend more to transfer back to CDP.

Maybe the no-min-comm is just a ploy to lure customers in before they pulled the trigger.

good thing i stuck to kay hian. cos my shares are credited to cdp within a few days of purchas once full payment is made. i guess scb maybe good for traders. fast in n fast out without incurring much brokerage fees. and pretty good for small trades.

moving up nicely today

Their 9M earnings has already surpassed the full year earnings of FY11. Unless they book a loss in Q4, their FY12 EPS might be close to 5cts. Expect a good dividend to be announced.

unusually high volumes on a usually quiet stock. could it be due to anticipation of good last quarter results? or simply mr market thinks its too undervalued.

9M earning this year ($14.3M) is already more than FY earning for year 2009 ($9.2M), 2010 ($8.2M) and 2011 ($10.8M). The company has recovered very nicely post GFC. I estimate this year EPS to come in between 4.5c to 5c, which means PE at current price is only about 5X. The stock is also trading at below NTA of 27c. If the company pays out 60% profit as dividends which is same as last year, expect about 2.1c of final dividends. This gives a yield of more than 10%.

Looks like the opportunity to buy cheap will soon be over.

Happily vested.

if eps turns out to be indeed 4.5-5 n dividend payout 60% xtrapolating fr past historial yield of ard 8%, stock price could still correct upwards.

If the stock still trades below NTA after FY12 result announcement, the owner should just privatize it, following what many other already did.