In its latest report last three weeks, Singpost gave a warning that there will be impairment provisions soon because of some loss-making affiliates in the US,... or somewhere,... THings are difficult enough as it is,... now, there is warning abt impairment some more,... I' m running away,....
ecekca ( Date: 03-Mar-2017 23:44) Posted:
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have they finish impairment ? or just started
 
chengwh1 ( Date: 03-Mar-2017 21:47) Posted:
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Prb is after the sp dropped after the ann' t of impairments, can it rise again ? What is the floor before entering ? Will there be further bad news in future ? Don' t forget there is no more dividend payouts as cushions,..
destinykraze ( Date: 03-Mar-2017 21:42) Posted:
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Got BUY recommend after recent dividend cut?
destinykraze ( Date: 03-Mar-2017 21:42) Posted:
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A number brokers recommended people to buy singpost because it' s cheap now. 
For what reason?
The  Dividends is reduced to utter crap now, with impending impairments< - does not matter if they don' t declare. It' s a ticking time bomb/tumour. Better to excise it now than later.
They have been dropping hints about impairments in EGM more than 1 year ago. Basically, it means that their goodwill investments are not paying off. That goodwill could amount  to around $500 million.
Question is, we don' t know how much impairments there is to come.
A lot of these issues occurred  when there was " governance issues" , it was sounded fishy when they spent close to $500 million on goodwill without having EGM before buying.
My advice is to wait for them to drop the bomb, then enter.
chengwh1 ( Date: 03-Mar-2017 20:44) Posted:
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New CEO not in yet..
chengwh1 ( Date: 03-Mar-2017 20:53) Posted:
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To add further,... Singpost has always  been an income counter. The dividend policy has always been favourable till the new CEO takes over. And he said starting from November last year, they will only payout 60% to 80% of earnings. But in the recent qtr reporting, they paid out LESS than 60%,............... what is this ????
Singpost is for dividends,... if dividends are not certain, then that' s it,... and coupling this with possible  impairments to be set aside for losses,... what else is there to hope for ?
destinykraze ( Date: 03-Mar-2017 12:03) Posted:
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A lot of broker recommend people to buy singpost, because of their vested position. Hence the support we are seeing. If singpost decides to declare impairments, be prepared to see all hell break lose.
Just wait for them to declare impairment next quarter. If not, who wants to buy a ticking timed bomb.
This is gone case with poor management or mis-management. 
You sure? I hope to pick some at $1.37 these two weeks.
brchkho1 ( Date: 02-Mar-2017 10:23) Posted:
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Looks like this one is firming up at this level liao.
leongyan ( Date: 27-Feb-2017 18:44) Posted:
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Those who loaded at 1.37 range in +ve range
vivacious ( Date: 27-Feb-2017 15:27) Posted:
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breaching 1.40 soon
Will go back to $1.35 soon.   high risk of write down. low dividend. share price would only go up if alibaba increase stake, else, $1.2 to be.
1.,40 coming
how low can Sp go? below 1.30?
jeeped!
Like a goodbye kiss?
brchkho1 ( Date: 16-Feb-2017 06:30) Posted:
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