Nothing of note for a day where market continues to be directionless. However, some of you might want to see if you wanna pick up SPH after its 5.7% fall.
EDIT:A kind commenter actually told me that i made a foolish mistake. It actually went Ex-Div! So thats why the drop. Apologies for more confusion.
Its a drastic gap down on the charts, so much so that it burst the bottom of the price channels. I still don’t get why people buy SPH for yield.The most plausible reason is that pensioners taught this is a garment stocks that will never collapse and provides higher interest rates then what you put in banks.
Well for me there are some danger flags. For one thing, operating cashflow yield is 0.4%. It would seem that they are loss making in FY 2008 such that if they had paid you the dividend yield you ask for its more likely its from their cash holdings.
That isn’t really sustainable in the long run. but this is after all a garment stock so not sure if it will collapse like those poor fundamental stocks around.
A note that i do look at EV/EBITDA and operating cashflow yield as important criterias for measuring a good div yield stock and such a operating cashflow tells me that this company is paying more than it can.
Here are today’s figures. Do follow my Dividend Stock Tracker which is updated nightly here.
- Have the World or Emerging Market Healthcare Stocks Outperform the World and EM Index? - November 26, 2023
- Retirement Spending Can Vary from 25% to 100%. Not your usual 2% to 3% a Year. - November 23, 2023
- If I Earn 10% Yearly On Average, and Inflation Averages 3% Yearly, I can Safely Spend 7% Yearly Right? - November 18, 2023