I sold off my SPH at almost 5 years high of $4.47 pocketing a nice profit and the dividends since 2007. I received about 6% dividends every year while sitting of paper losses of between 100,000 to 10,000. It was a difficult period to hold on to such a stock with very limited upside.
During the Lehman brother crisis, the generous dividends gave me strength to buy ARA, Fortune Reit, Parkway Life, Starhill Reit, Lippo Malls, Cambridge, OUE etc, while all these counters have gave me nice dividends and I eventually sold off for a profit, SPH was always below my purchase price when it cut dividends in 2008 after Sky Eleven profits was fully recognized.
Currently I am back with more than $200,000 cash and waiting to reinvest SPH and the markets when valuations are lower.
One of the lessons I learnt investing in SPH is diversification. Previously, (Read more...)
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