Shares & Derivatives
Small buy position for M1
By Poor Learn Rich  •  November 4, 2016
Despite M1 having a bad Third Quarter results, 穷小子 bought M1 with a small position. Yes, 穷小子 did mentioned that he will not touch unless M1 hits $2 or after fourth telco announcements. But.. But.. It is too irresistible for not having a small bite to average down the overall price. Based on few points below.
  • Based on today closing price, it gives a return yield of 7.42%. Assuming if the profits drops by 20%, and provided if the payout policy doesn't change, the yield will be somewhere around 5.9% . Still acceptable.
  • Temasek Holdings had deemed 550K of shares at $2.101 few days ago. Temasek's deemed interests arises to 21.04% from 20.98%, via aggregation of the deemed interests held by KCL and DBSH. This boost the company's confident too.
  • The volume hits 12,064,500 immediately the next trading day after the news announced. Something may be brewing.
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By Poor Learn Rich
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