Starhub: 35000 shares@ $2.92
Realised gains of $1100
Starhub: 3000 shares@ $2.67
HL Finance: 3000 shares@ $3.41
Starhub: 3000 shares @ $2.73
Realised gains of $165 (CPF)
In June 08, I have received $1,575 of dividends from Starhub. Together with the capital gains, I made a net profit (cash) of $2,675 in a month's time.
The reason I sold starhub is to free up more cash to pick up bargains at current valuations. In fact, I queued daily for 10 lots of SPH @ $4.20 daily but with no luck at all!
Also, I am worried that Starhub's profitability may be threatened due to number portability and increased advertising expenditure. Considering Starhub Q1's report, EPS is @ 4.5 cents, dividend payout is also 4.5 cents, a 100% dividend payout ratio. I am concern if Starhub can keep up with the dividend payout.
Nonetheless, I will keep Starhub under my radar screen and will start to buy again when Starhub drops below $2.65.
Currently, I feel that HL Finance, SPH and Suntec Reit are worth a second look as they are trading at attractive valuations. I will monitor them closely and buy at huge dips.