SingPost *Official* (SGX: S08)

Shion

Shion

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Cheap and gd dividends, I like. Can buy a lot and hold.
 
SpinFire

SpinFire

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SingPost requested for trading halt. Maybe announcement of new acquisition.
 
starfish.starfish

starfish.starfish

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cash_boy said:
i feel very tempted to sell last few days..
but, oh well..
Click to expand...

Yup was so tempted...but afterwards what to do with the money? How to find another stock that gives decent dividends, is stable, and still got capital appreciation. That's why holding on to my singpost babies.

Hope they don't disappoint with the announcement!
 
Paul Lee

Paul Lee

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To put things into prospective, since its IPO in 2003, this is only the second time that Singpost is having a trading halt.

The last time it does so was in 2005 when it terminates it decision to invest in ACCS.

Even when it disposes property, change CEO or make acquisitions, it does not ask for a trading halt.

So what could warrant a trading halt? The suspense is almost palatable. :s22:
 
SpinFire

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Dividends Warrior said:
Singpost seldom trading halt, even for acquisition.

Could be related to the Singapore Post Centre. It is an underutilised gem.
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Yeah, the Singapore Post building is on a very good piece of land. Paya Lebar is developing into a commercial hub, and it has so close proximity to the East Coast area.

If SingPost divests this property, they'll get more cash to fund its e-commerce expansion. I think the new CEO has lots of potential and ideas, given his past experience as a consultant at McKinsey.

P.S. When I first realized SingPost was halted, I thought SGX was investigating into its large gains over the past few days, lol. Too many of such situations happening on SGX.
 
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satire85

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Dividends Warrior said:
Singpost seldom trading halt, even for acquisition.

Could be related to the Singapore Post Centre. It is an underutilised gem.
Click to expand...

If they are selling sing post centre, it could mean a special dividend is in the works and also they will need to rent right? Hopefully sell to a reit den if you own both singpost and that reit, you huat. Hahaha :s12:::s12:
 
H

homedriver

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Source SGX Announcement


Singapore, 28 May 2014 &ndash Singapore Post Limited (SingPost) and Alibaba Group Holding
Limited (Alibaba Group) today announced that SingPost and Alibaba Investment Limited, a
wholly-owned subsidiary of Alibaba Group Holding Limited, have entered into an investment
agreement under which Alibaba Investment Limited will invest S$312.5 million to purchase 30
million existing ordinary shares held in treasury by SingPost and 190.096 million new ordinary
shares and take a 10.35% stake in SingPost upon completion. Both companies also signed a
memorandum of understanding (MOU) which will allow them to discuss and negotiate a joint
venture (JV) in respect of the business of international e-commerce logistics. This strategic
business cooperation will also tap into other e-commerce opportunities in Southeast Asia and
beyond by providing amongst other things, greater access to SingPost&rsquo s international logistics
capabilities, infrastructure and delivery networks, and as well as end-to-end solutions to Alibaba
Group customers and merchants.
 
SpeedingBullet

SpeedingBullet

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Singpost by themselves are already improving in e-commerce, now with the help of Alibaba, sexplode~! :s13:
 
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