Singapore Press Holdings (SPH)

[KopiKat]

Thought this is a value investment, fundamental analysis, long term investment forum?

Don't put too much confidence into SPH, this is a long term doom counter. Dividends may be good in the short term outlook, but long term it is slowly dying off. Better get rid of it as soon as possible. SELL!

Yes, we have done our Fundamental Analysis on SPH, agree that 'Price is what you Pay, Value is what you get' to determine at what Price (entry), there's still Value to be gotten from SPH. As long as SPH stays at the Price (where there's Value to continue holding), we'll continue holding it for Long Term.

BUT, as you'd also rightly pointed out that SPH is a 'Long Term Doom' stock, one of the approach would of course to avoid it. However, for the 'Die-Hard' fans (or 'Long-Term' Sufferer) of SPH, I don't see why we shouldn't utilise our Long Term knowledge + familiarity to actively 'manage' our portfolio to 'squeeze' some extra profits out of SPH?

Benjamin Graham also talked about Passive vs Active Investors and if you'd be kind enough to allow it, perhaps we can fool ourself and be classified as 'Over-Active' Investors or 'Hyper-Active' Investors.

Note that in my case, at any point in time (even now), I'd still retain some SPH shares, never zero (Hee.. I do have some odd lots from their Capital Reduction long ago...).


Just to add, Warren Buffett ever mentioned that Financial Derivatives are Weapons of Mass Destruction. When he subsequently revealed that Berkshire had invested in some, does it make him a hypocrite or less of a Value Investor??

I don't think so... As long as you know what you are doing and is able to determine at what price there's 'Value' vs 'Probability' (Odds in your favour), I see it as Value Investing. Yes, even for 'cheap thrills' like our SPH example. Our excuse --- we saw Value!

Ok, enough of this nonsense.. No more posting in SPH thread until I see 'Value'... So much potential 'Value' now in the market with STI -70... Have to check my spreadsheet to see which stock offers the best 'Value' !! Hee... not going to share too much as it creates too much distraction having to justify my actions!