Milo's TA discussion and sharing thread

[Dividends Warrior]

wah.. STX results.. game over....

Could have guessed as much from Keppel and SembMarine's results....

NO DVD for STX also..... jialat case...

No power of CD......really ish jialat......

 

[Departure81]

No power of CD......really ish jialat......

Its a ploy to get people to sell at 1.22. Should have expected this kind of cheap move.

 

[abc1987]

wah.. STX results.. game over....

Could have guessed as much from Keppel and SembMarine's results....

NO DVD for STX also..... jialat case...

Wah sibeh jialat... no dividend is okay though. expected that.

 

[Sinkie]

Wah sibeh jialat... no dividend is okay though. expected that.

http://info.sgx.com/webcorannc.nsf/AnnouncementLast3Months/DCC0AC906F0E5C6148257B1E00041C3C?opendocument

 

[abc1987]

will take a closer look later... now busy

 

[remy3413]

wah.. STX results.. game over....

Could have guessed as much from Keppel and SembMarine's results....

NO DVD for STX also..... jialat case...

Chill, the company books still looks good, EPS of 16.75 and I like how its cash balances are

Results expected to be sluggish, see how tomorrow react

It is still a cheap play as compared to others that I know of

 

[Sinkie]

Chill, the company books still looks good, EPS of 16.75 and I like how its cash balances are

Results expected to be sluggish, see how tomorrow react

It is still a cheap play as compared to others that I know of

Ehh, later the Italian go take the cash balance from osv and go ktv how?

Maybe that's why they didn't give any dividend? Tomorrow see how lor, maybe $1.20 can kio again for you guys and bounce will be to $1.275?

 

[remy3413]

Ehh, later the Italian go take the cash balance from osv and go ktv how?

then no choice lo

but seriously, to me there's still value in the company

see how the market reacts ba, my margin is still quite wide so see how it goes first

recently you got buy anything?

they never give dividends i can understand since they already paid out so much for the preceding year

not so jialat la, 1.20, it's like a drop of 8% leh

 

[Sinkie]

then no choice lo

but seriously, to me there's still value in the company

see how the market reacts ba, my margin is still quite wide so see how it goes first

recently you got buy anything?

Ehh, currently at the moment only holding one construction counter. The rest of the trades are just contra but frequency also really not there this month. No mood to trade maybe too festive and see people huat I'm happy also haha

What abt you? Good month?

 

[remy3413]

Ehh, currently at the moment only holding one construction counter. The rest of the trades are just contra but frequency also really not there this month. No mood to trade maybe too festive and see people huat I'm happy also haha

What abt you? Good month?

still doing good ah, best trade was baker tech 14% within 3 days, if i wait for their dividend announcement will be 27% return within 1 week lol

i'm looking to enter into the market soon, picking out construction sector as well as maybe sembcorp

 

[Sinkie]

still doing good ah, best trade was baker tech 14% within 3 days, if i wait for their dividend announcement will be 27% return within 1 week lol

i'm looking to enter into the market soon, picking out construction sector as well as maybe sembcorp

Wow nice.. Bakertech sold off their main biz so actually no good to buy for the div also now

 

[remy3413]

Wow nice.. Bakertech sold off their main biz so actually no good to buy for the div also now

i bought before they declare the dividend, so those BBs push the price up lol

i expected them to announce 5 cent, then they announce 10 cents haha

lian beng looks good, what's the construction company you bought? can say? haha

 

[Milo-Dino]

then no choice lo

but seriously, to me there's still value in the company

see how the market reacts ba, my margin is still quite wide so see how it goes first

recently you got buy anything?

they never give dividends i can understand since they already paid out so much for the preceding year

not so jialat la, 1.20, it's like a drop of 8% leh

prior years they paid alot of DVD because STX PO needed the money....

 

[remy3413]

prior years they paid alot of DVD because STX PO needed the money....

yeah, that's why it's a cash cow, keep milking lol

 

[Sinkie]

i bought before they declare the dividend, so those BBs push the price up lol

i expected them to announce 5 cent, then they announce 10 cents haha

lian beng looks good, what's the construction company you bought? can say? haha

Bought mr koh lor. Sigh

 

[remy3413]

Bought mr koh lor. Sigh

why sigh?

not looking for a long term approach?

 

[Sinkie]

why sigh?

not looking for a long term approach?

looking for a short term approach but it didnt move as what i expected

well, im greedy

 

[Mecisteus]

previous quarters, stx osv got good profits as company tried to recognise revenue quickly. management decided to lure investors with high dividends to drive up stx osv share price. at a high share price, the parent can offload them to potential buyers at bigger profits. seems that no takers dare to buy the higher price of ~$1.60.

then orders slow down, share price slide south. parent company became desperate to sell at $1.22. now the latest result is the final nail to the coffin. i think tomorrow retailers will give up and share price will open at $1.22.

i may be wrong though. whatever it is, i have offloaded my shares in stx osv earlier.

 

[abc1987]

after looking through, STX's results weren't as bad as I first thought. fundamentals are still good while free cash flow is still positive. profits dropped substantially, as expected (although i didn't expect such a large drop). shall wait and see. no way i'm giving up on it so fast.

 

[remy3413]

previous quarters, stx osv got good profits as company tried to recognise revenue quickly. management decided to lure investors with high dividends to drive up stx osv share price. at a high share price, the parent can offload them to potential buyers at bigger profits. seems that no takers dare to buy the higher price of ~$1.60.

then orders slow down, share price slide south. parent company became desperate to sell at $1.22. now the latest result is the final nail to the coffin. i think tomorrow retailers will give up and share price will open at $1.22.

i may be wrong though. whatever it is, i have offloaded my shares in stx osv earlier.

Care to share what price you offloaded? Previously the share price was 1.60 and above because rumors said that the takeover was within that range, then the offer was 1.22 it stunned the market.

Looking at just the fundamentals, why should 1.22 be the final offer? Orders slow down or rise it's part of the market cycle, yes i do agree that the shipping industry has slowed down but stx osv is building specialized vessels, and specifically for the O&G industry

7x earnings for a mid-cap related to O&G doesn't seem overvalued to me at least