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(06-09-2012, 10:23 AM)KopiKat Wrote: For a passive investor (who has little time to spend on stocks), the smart thing to do is to find a stock that suits your needs (Income, Growth,..etc.) and then just buy and hold.. till the reasons for buying and holding has changed ie. stopped growing, dividends cut,..etc.
For an active investor, as long as the money is well deployed (for another stock with a higher probability of making higher returns) after switching, nothing wrong with that. Many a times, I may even come back to the original stock and buy at a higher price....
Haha, fully agreed.
Till now, IMO, it take time to "breakthrough" for SPH's media business, it will never a overnight event, even it is progressing well in their strategy so far.
I am preparing to come back, at the right price 
(06-09-2012, 10:25 AM)Temperament Wrote: If you make some money, it is never "wrong" to sell. i always believe it is very difficult to sell but very easy to buy. i may buy-back some lots i have sold. My 2 cents
I share your view.
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I read an article in The Edge Singapore, on strategy of Time Inc CEO, Laura Lang to unify online-to-print.
There are similarity with SPH strategy to tackle the same threat.
- Buying content taken as advertising. SPH articles are on sale, and licensing procedure is greatly simplified
1. $535 (including GST) per article/year/URL site for website hosting.
2. $535 (including GST) per article per usage for print reproduction.
The rate as on par with similar classified ads
- Quoting her words "As the world's largest publisher, it's not about pivoting more digitally. It's about enhancing our overall businesses" and "Print is till very critical"
Print version is still critical, and digital version should be taken as supplementary to print version.
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if u buy right, u won't be too wrong selling...
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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SPH should make a takeover offer for Xpress Holdings and Popular. These 2 companies will help expands SPH client base and help SPH achieve more synergies.
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24-09-2012, 02:53 PM
(This post was last modified: 24-09-2012, 02:57 PM by CityFarmer.)
(24-09-2012, 09:34 AM)brattzz Wrote: if u buy right, u won't be too wrong selling...
Buy right to minimize downside
Sell right to maximize upside
(24-09-2012, 10:07 AM)propertyinvestor Wrote: SPH should make a takeover offer for Xpress Holdings and Popular. These 2 companies will help expands SPH client base and help SPH achieve more synergies.
IMO, SPH should not involve in retail biz, it is a different ball game. So Popular might not be good buy.
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SPH final result will be announced on 12 October 2012.
http://info.sgx.com/webcorannc.nsf/Annou...endocument
The year-end dividend is as usual @ 17cts or slightly more due to anticipated better full year result?
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(28-09-2012, 03:19 PM)CityFarmer Wrote: SPH final result will be announced on 12 October 2012.
http://info.sgx.com/webcorannc.nsf/Annou...endocument
The year-end dividend is as usual @ 17cts or slightly more due to anticipated better full year result?
Looking at the 1st 3Qs, very likely, DPS to be maintained at 17ct, +/-1ct error, assuming same 100% payout as FY11.
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(12-10-2012, 04:26 PM)KopiKat Wrote: (28-09-2012, 03:19 PM)CityFarmer Wrote: SPH final result will be announced on 12 October 2012.
http://info.sgx.com/webcorannc.nsf/Annou...endocument
The year-end dividend is as usual @ 17cts or slightly more due to anticipated better full year result?
Looking at the 1st 3Qs, very likely, DPS to be maintained at 17ct, +/-1ct error, assuming same 100% payout as FY11.
You are right
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(12-10-2012, 10:03 PM)CityFarmer Wrote: (12-10-2012, 04:26 PM)KopiKat Wrote: (28-09-2012, 03:19 PM)CityFarmer Wrote: SPH final result will be announced on 12 October 2012.
http://info.sgx.com/webcorannc.nsf/Annou...endocument
The year-end dividend is as usual @ 17cts or slightly more due to anticipated better full year result?
Looking at the 1st 3Qs, very likely, DPS to be maintained at 17ct, +/-1ct error, assuming same 100% payout as FY11.
You are right
Yes ! It's alright. But will SPH breaks its 52 wk high price of $4.12 on this coming Monday.
After selling some at $4.09, i refuse to sell below $4.12. In fact i am tempted to buy back some if price goes below $4.0. i think if the market is same, same, going forwards, SPH still have some distance to run.
Wishing on a star maybe?
Hopefully?
WB:-
1) Rule # 1, do not lose money.
2) Rule # 2, refer to # 1.
3) Not until you can manage your emotions, you can manage your money.
Truism of Investments.
A) Buying a security is buying RISK not Return
B) You can control RISK (to a certain level, hopefully only.) But definitely not the outcome of the Return.
NB:-
My signature is meant for psychoing myself. No offence to anyone. i am trying not to lose money unnecessary anymore.
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13-10-2012, 10:27 PM
(This post was last modified: 15-10-2012, 10:47 AM by CityFarmer.)
(13-10-2012, 11:29 AM)Temperament Wrote: Yes ! It's alright. But will SPH breaks its 52 wk high price of $4.12 on this coming Monday.
After selling some at $4.09, i refuse to sell below $4.12. In fact i am tempted to buy back some if price goes below $4.0. i think if the market is same, same, going forwards, SPH still have some distance to run.
Wishing on a star maybe?
Hopefully?
Let's do a simple SOTP valuation
Paragon (Aug valuation) = 2430 mils
Clementi Mall (Aug valuation) = 359 mils ( Amended: 60% holding instead of 100%)
SengKang Mall (FY2012 book value) = 354 mils ( Amended: 70% holding instead of 100%)
SPH's investment (LT + ST) = 790 mils
Net Cash (ex LT and ST debt) = -911 mils
The tricky one is the media biz.
Assume 10% discount rate. FCF (2012) of media biz estimated as 290 mils with deterioration of 5% yearly till FY2017. Terminal value in FY2017 as 15x FCF. The PV of media biz is estimated as 3195 mils
Share outstanding = 1612 mils
Valuation = $3.9 ( Amended with mistake above)
“夏则资皮，冬则资纱，旱则资船，水则资车” - 范蠡
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