On 20 Dec 2012, I bought 5 lots of SingPost (S08) at S$1.145, after factoring in all the fees involved, it costs S$5,747.17.
Reason why I bought it is simple, it's stable, even if the US were to fall into the fiscal cliff, I'll just collect that neat 5.4% yield and average down whenever I have spare cash; SingPost have a history of paying constant dividend of S$0.065 per share per annum, even during the 08/09 financial crisis.
Today 21 Jan 2013, SingPost is valued at S$1.18, what I will get after fees is S$5,870.25.
S$5,870.25 - S$5,747.17 = S$123.08, small little profit.
But I'm not going to sell, I expect the price to go above S$1.20 when the stock is trading on Cum-Dividend (CD) because by the end of this month, they should be announcing their dividend payout. Let's see whether my prediction is accurate ;)
Monday, January 21, 2013
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