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Indeed that the company has been buying up a lot of quantity recently, but this doesn't means that downside is limited. I personally do not wish to add too much to the portfolio now though the long-term prospect is good with the upcoming airport terminals and the contract with Singapore Sports Hub.
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Indeed coy buyback does not mean no downside; though I am impressed SATS seem more sensible in its coy buyback in that it somehow only buy at lower 25% percentile of recent 2years price action. Like today, there is no announcements on further coy buyback, last was 100lots on 11 Mar 14 @ $3. This coy don't fool around with coy cash & only buy when they see value in their stock price (gut feel here), kinda salute to its coy buyback ppl.
As for its prospects, indeed short-term cost pressures from staffing is there, but that's SG mostly. New contracts like Sports Hub & other airports, I wont say its a easy biz either as its always fighting to maintain profit & margins. My take is hopefully it could maintain overall same performance (after + & -) & give same dividend as last year, think that is quite gd for a blue chip size counter like SATS.
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Termination of the Proposed Acquisition of Singapore Cruise Centre Pte Ltd
http://infopub.sgx.com/FileOpen/Proteus%...eID=296569
<vested-oldpot>
Not a call to Buy or Sell
Mr Bump: All I Can Smell Is My FEAR
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never said the reasons in the announcement...hmm..i wonder why..
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Surely if that was the reason, the CCS would have make some statement to that effect by now.
By remaining silent and not disclosing the actual reasons for the termination only let the conspiracy theorist have a field day and let their imagination run wild.
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Looks like temasick got a better offer!
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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Good morning everyone.
FY 2014 results. Final dividend 8cts
http://infopub.sgx.com/FileOpen/SGX_4QFY...eID=298352
<vested-oldpot>
Not a call to Buy or Sell
Mr Bump: All I Can Smell Is My FEAR
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(22-05-2014, 08:13 AM)kbl Wrote: Good morning everyone.
FY 2014 results. Final dividend 8cts
http://infopub.sgx.com/FileOpen/SGX_4QFY...eID=298352
<vested-oldpot>
Thanks kbl.
My Dividend Investing Blog