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ST Engineering
23-02-2012, 05:39 PM,
Post: #11
RE: ST Engineering
(23-02-2012, 08:16 AM)KopiKat Wrote: STEng FY11 results will be out today. Just for fun, I'm guessing the 2H11 Dividend to be slightly higher than 11.55ct (2H10), using the EPS of 1st 3Q and last 2 years' payout ratio of ~90%. My 'crystal ball' predicts a range of 11.73ct to 12.28ct. Tongue

Results are out.

http://info.sgx.com/webcoranncatth.nsf/V..._FINAL.pdf

http://info.sgx.com/webcoranncatth.nsf/V...FY2011.pdf

Slightly better than what I was expecting.

Div = 12.5ct (1.8% above my upper limit of 12.28ct)
Payout Ratio is ~90%, same as the past 2 years.

Hmm... My 'Crystal Ball' needs some fine tuning, but I'm happy that it erred on the conservative side. Tongue

Luck & Fortune Favours those who are Prepared & Decisive when Opportunity Knocks
------------ 知己知彼 ,百战不殆 ;不知彼 ,不知己 ,每战必殆 ------------

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23-02-2012, 05:44 PM,
Post: #12
RE: ST Engineering
huat har! Big Grin 2012 will be stronger!! Big Grin
1) Try NOT to LOSE money!
2) Do NOT SELL in BEAR, BUY-BUY-BUY! invest in managements/companies that does the same!
3) CASH in hand is KING in BEAR! 
4) In BULL, SELL-SELL-SELL! 

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18-04-2012, 12:35 PM,
Post: #13
RE: ST Engineering
(23-02-2012, 05:44 PM)brattzz Wrote: huat har! Big Grin 2012 will be stronger!! Big Grin

Another 'Trading Blue-Chip' on steroid today, $3.30 +5ct after steadily rising since last year's low of $2.6x. Div 12.5ct xd on 23-Apr. Big Grin
Luck & Fortune Favours those who are Prepared & Decisive when Opportunity Knocks
------------ 知己知彼 ,百战不殆 ;不知彼 ,不知己 ,每战必殆 ------------

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18-04-2012, 12:39 PM,
Post: #14
RE: ST Engineering
yes! Big Grin

but i think 3.30 not sustainable... after XD should be 2.9X+..
we will see..

Smile
1) Try NOT to LOSE money!
2) Do NOT SELL in BEAR, BUY-BUY-BUY! invest in managements/companies that does the same!
3) CASH in hand is KING in BEAR! 
4) In BULL, SELL-SELL-SELL! 

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18-04-2012, 05:54 PM, (This post was last modified: 18-04-2012, 06:00 PM by KopiKat.)
Post: #15
RE: ST Engineering
(18-04-2012, 12:39 PM)brattzz Wrote: yes! Big Grin

but i think 3.30 not sustainable... after XD should be 2.9X+..
we will see..

Smile

Some possible justifications for not selling,

- EPS had been growing since FY09 at 9.7% and 6.6% and expected to be better for FY12
- Current PE = ~19 is still low compared to 20-21 for FY09 and FY10. Can easily be $3.5x if so. It used to be higher at PE = 24 for FY05 to FY07.
- Continued strong order books with big new orders won for this year provides some degree of biz certainty (assuming majority don't get cancelled)

Still, I chose to sell most of mine, starting this AM @ $3.26, Noon @ $3.30 and Close @ $3.29. Reasons - I need the cash to switch to another of lower PE and higher Yield (STEng = 4.7% @ $3.29).

PS. Don't flame me for using such simplistic factors like PE & Yield for my Buy/Sell decision as I'm only a newbie.. Tongue
Luck & Fortune Favours those who are Prepared & Decisive when Opportunity Knocks
------------ 知己知彼 ,百战不殆 ;不知彼 ,不知己 ,每战必殆 ------------

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18-04-2012, 06:49 PM,
Post: #16
RE: ST Engineering
it's fine, Big Grin in this type of market, better to take $ off the table 1st.. Smile
1) Try NOT to LOSE money!
2) Do NOT SELL in BEAR, BUY-BUY-BUY! invest in managements/companies that does the same!
3) CASH in hand is KING in BEAR! 
4) In BULL, SELL-SELL-SELL! 

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18-04-2012, 06:52 PM,
Post: #17
RE: ST Engineering
I think this is a good company. I only do not like the dividend yield which I thought it's pretty low. My idea of good dividend yield is above 5%.

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18-04-2012, 07:06 PM,
Post: #18
RE: ST Engineering
(18-04-2012, 06:52 PM)Some-one Wrote: I think this is a good company. I only do not like the dividend yield which I thought it's pretty low. My idea of good dividend yield is above 5%.

That's cos' it had run up (was as low as $2.6x as recent as Dec-11). Wait for $3.10 for 5% Yield, only chance will be after xd on 23-Apr and may have to wait a few mths or have more -ve news like India blacklist to hit the headlines. No need to be impatient, can wait for <$3 or like GrandMaster 'brattzz' (who is famous for having coined the term 'Trading-BlueChips), then <$2.90. Tongue
Luck & Fortune Favours those who are Prepared & Decisive when Opportunity Knocks
------------ 知己知彼 ,百战不殆 ;不知彼 ,不知己 ,每战必殆 ------------

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18-04-2012, 07:12 PM,
Post: #19
RE: ST Engineering
patient! always be patient! Smile

What goes up, must come down.. vice vesa! Big Grin
1) Try NOT to LOSE money!
2) Do NOT SELL in BEAR, BUY-BUY-BUY! invest in managements/companies that does the same!
3) CASH in hand is KING in BEAR! 
4) In BULL, SELL-SELL-SELL! 

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18-04-2012, 10:10 PM,
Post: #20
RE: ST Engineering
I'm really running out of patience. I got cash and I wish to buy more but price is getting quite high nowadays due to the CD in most companies. Still refraining to buy more...Smile

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