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Wow~
Works that way.... for penny stocks. High risk- High gains. Pure speculation.
KiLrOy ( Date: 10-Mar-2017 21:07) Posted:
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" ...Before you scoop, you must be prepared to lose money too.. "
what kind of trading/investing mentality is that?
Stocks are not like bean soup meant to be scooped. Before you scoop, you must be prepared to lose money too. That is called planning.
useless ( Date: 10-Mar-2017 16:43) Posted:
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I think we should wait for this quarter' s results because SingPost would be announcing how much intangible assets would be impaired. The have definitely overpaid for goodwill on acquisitions.
That being said, there are also some positives such as the upcoming reopening of their retail mall at SingPost Centre, which would add a few million in net profits per quarter. This could offset some of the operating losses from their e-commerce segment.
At current prices I still think SingPost is overvalued. Based on the past few quarters, full year EPS is likely to be below 6 cents, which gives a P/E ratio of 22 today, somewhat on the high side. I' m waiting for another 10-20% correction before entering, because I believe the long term potential of e-commerce and logistics is huge
useless ( Date: 10-Mar-2017 16:43) Posted:
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Nobody is able to predict accurately. Eventually, the market would be the one to determine its price after declaration.
Just buy when the price is right for you. With awful dividend, net debts, lower net profit and potential write offs, I feel that Singpost is too overpriced right now.
You are much better off buying singtel, banks or ipo kimly. Put your money to better use.
useless ( Date: 10-Mar-2017 16:43) Posted:
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Dropping steadily. What do you think is a good price to scoop?
Patience is the key here. No point chasing. low dividends and high risk. wait for the correction.
Again,... I' m real glad I pulled out on that Monday immediately after the ann' t ! Should' ve pulled out last November,....
Tunnel long or short depend on which way you go.
alishan ( Date: 09-Mar-2017 18:22) Posted:
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The light is just behind you. How if the tunnel is still very long?
maccer ( Date: 09-Mar-2017 15:15) Posted:
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It will continue to trend down until the price is right, or by some miracle, good news, e.g like alibaba increasing stake in singpost.
maccer ( Date: 09-Mar-2017 15:15) Posted:
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Its share price keeps on dropping, now 1.355 lost another 1.09%. Hopeless and see no light in the tunnel.
The group went from a net cash position of S$345.8 million as reported in the last annual report to a net debt of S$153.6 million in 2016 (page 34). Goodwill on acquisitions increased to $493.5 million (page 149) from $167.2 million two years ago. As at 31 March 2016, there are also intangible assets such as $40.5 million in customer relationship and $41.9 million in trademarked brands (page 149). Specifically, some subsidiaries acquired in the last two years came with huge goodwill recorded. For example, on their respective acquisition dates: - TradeGlobal (page 198-199): $176 million in goodwill on acquisition and $43 million in customer relationships (included in intangibles) out of purchase consideration of $236 million (on acquisition date - 13 Nov 2015) - JaggedPeak (page 200-201): $33 million in goodwill out of purchase consideration of $34 million (on acquisition date - 7 Mar 2016) - Couriers Please (page 150, 153): $110 million in goodwill out of purchase consideration of $109 million (on acquisition date &ndash 15 Dec 2014) but restated to consist of $76 million in goodwill and $42 million in trademarked brands (at financial year end 31 Mar 2016)
Goodwill 493.5million. How much to be written off is still a big question mark.
The egm last year mentioned cutting dividends and potential impairments. The Goodwill on acquistions is super questionable. Shareholders flagged the huge goodwill payments that SingPost made to acquire subsidiaries TradeGlobal, Jagged Peak and Couriers Please over the last two years. Impairments can be more than what we expect.
noobytrader ( Date: 09-Mar-2017 14:52) Posted:
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Has being sinking since ali baba on board
agree with you. I hold this counter but small position.
Great ecommerce prospect but it appears poor execution and management.
I got it totally wrong
destinykraze ( Date: 09-Mar-2017 14:42) Posted:
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trending lower again. situation for singpost: S$169 million in goodwill and S$43 million in customer relationships - an intangible asset = $212 million made in 2015. Instead of profit, it giving losses.
2 years !!!Dyodd
Singpost declares impairment : sees price correction, rebounds afterwards.
Singpost does not declare : see price stagnant trend lower as no one wants to board a ship with ticking time bomb.
Enough is enough.
currently very low volumn and only 27%buying. this counter will go down further and lot of hidden problem. from corporate governance to management. Alibaba invested is only joy. there are lot of logictic company can do most of the business Sing post is doing. good luck
not anytime soon, until we see major correction in this counter. Hence, the heavy selling pressure as a prelude. More to come when impairments are declared(or not), hell will break loose.
FrankFrankie ( Date: 07-Mar-2017 23:07) Posted:
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Overall, fundamentals and future of the company is still quite positive and in the local scene, unlikely to see it being significantly replaced. Hopefully new management will turn around tradeglobal soon and doc mall will launch soon so that stockholders can see better days ahead.