Sold my 9,000 shares of Singtel on 28 Jun at $3.50
Total profit, including dividend, of $897.45 (2.7%) in 2 years.
Also sold Mrs CDxD 3,000 shares of Singtel on 28 Jun at $3.50
Total profit, including dividend, of $204.87 (1.8%) in 1 year 8 months.
Reason for selling:
1) Net Profit dropped
 |
| Source: Business Times 27 Jun 2019 |
2) Huge CAPEX required to build 5G network
3) Current dividend 17.5cents not sustainable
Fool.sg had a very good article to explain why the current dividend 17.5cents are not sustainable Additional reading here
4) Preparing for market crash
Bull cant run forever. I still think we might have a recession latest by end of 2019.
Related article:
No comments:
Post a Comment