SMRT

[Behappyalways]

When you’re home late & your wife asks why, SMRT is your newest alibi
http://mothership.sg/2016/09/when-youre-...est-alibi/

[cyclone]

Shareholders should note the updated indicative dates for the following events:
- Expected date for the payment of the Scheme Price : 27 October 2016
- Expected date that the Scheme Shares will be transferred to the Offeror : 27 October 2016
- Expected date for the delisting of the Shares : 31 October 2016

Bought at around 2 in 2010, sold at around 1 in 2014. Now it is delisted at 1.68.

[BlueKelah]

What was ur rational for buying at the peak prices??

sent from my Galaxy Note 7

[cyclone]

What was ur rational for buying at the peak prices??

sent from my Galaxy Note 7

It was a STI component stock., a blue chip. Must be safe.
It was a duopoly. The business must be good.
The dividend must be secured, around 4%. Nice.
It was majority-owned by Temasek. Could sleep well.

[soros]

The lesson to be learnt is that 4% yield is NOT nice enough. To be on safer ground, the dividend yield must be 7% or more.

[opmi]

The lesson to be learnt is that 4% yield is NOT  nice enough. To be on safer ground, the dividend yield must be 7% or more.

safe and secure, wont get consistent 7% in normal times.

[BlueKelah]

Cyclone thanks for sharing. Yes smrt looked safe but wasn't that cheap. Blue chip status also can be over like Noble if the industry tanks.

Soros I am also a 6.5 to 7% kind of investor. Though I am flexible for 6%+ in select cases.

Opmi, agreed that's why I am waiting sti below 2000 to wack some st engineering @7% yield lol...

sent from my Galaxy Note 7

[weijian]

What was ur rational for buying at the peak prices??

sent from my Galaxy Note 7

It was a STI component stock., a blue chip. Must be safe.
It was a duopoly. The business must be good.
The dividend must be secured, around 4%. Nice.
It was majority-owned by Temasek. Could sleep well.

The 2nd and 3rd reasons were pretty much the same reasons why i bought it previously. The retail biz empire that was created by Madam Saw was just too seductive for me to watch during the daily travel. It had a tailwind from the Gov's liberal immigration policies until the pumping spill into the maintenance problem that eventually burst the bubble.

The only slight difference was that i have learnt and managed to cut losses earlier.

[YMPL]

SMART intent to throw in the towel?

SMRT in talks to sell taxi business to Grab
http://www.straitstimes.com/singapore/tr...ss-to-grab

[opmi]

iron rice bowl already...why work so hard....sell all the tough business...collect 5% margin every year from rail...