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19-07-2017, 10:07 AM
(This post was last modified: 19-07-2017, 10:07 AM by CY09.
Edit Reason: edits
)
Gearing rose because the company has been sustaining its sky high dividends through cashflow and borrowing more.
It is unsustainable as they eventually have to repay the debts (which is soon). Perhaps its also due to their majority shareholders needing cash to help other segments of their business. So milking the child company and then hoping they can offload their stakes after bleeding the child dry.
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The toughest thing to do is have to wait for the opportunity patiently.
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Seatown is like an alternative investment arm just like Fullerton is more a traditional long fund. They are independently managed units from Temasek
Before you speak, listen. Before you write, think. Before you spend, earn. Before you invest, investigate. Before you criticize, wait. Before you pray, forgive. Before you quit, try. Before you retire, save. Before you die, give. –William A. Ward
Think Asset-Business-Structure (ABS)
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The share price is now languishing at $1.76. It takes a lot of conviction to hold/ buy, taking into consideration the competition from 4th Telco and OTT, decreasing ARPU, etc. Will its fibre and corporate side of the business pick up the slack? Any comments from valuebuddies?
I noticed that M1 has been doing a lot of marketing promos lately though.
Winston Churchill:-
“The inherent vice of capitalism is the unequal sharing of blessings; the inherent virtue of socialism is the equal sharing of miseries.”
"The farther backward you can look, the farther forward you are likely to see."