Monday, April 2, 2018

This Post Is About My Ex...

I will be talking about my Ex in this post. I used to love her a lot and have written a few articles on her.

She is none other than... Bukit Sembawang Estates Limited (aka BSE).

Yeah... I have sold all my holdings in this counter prior to restarting my portfolio on 26 Dec 2017.

But it has been in my watchlist since I want to continue to monitor her movement.

Taken from getherbackguide.com
I realise that BSE share price has been fluctuating and I saw some analyst talk about it recently.

Since my view defer from the analyst, I will be revealing why I dump my ex. In fact I stated it in IN previously. Here is the screenshot:

Screenshot of IN of My conversation with Zumou80 (From bottom to top)

In Short

Basically BSE cash is at its lowest now - $226 million as per its latest third quarter report. If it continues to give out $85 million worth of dividend, it will not have enough cash to pay for its recent Enbloc purchases too. I suspect it will either reduce its dividend or take up some loans.

Either way, this will catch the retail investor by surprise! Thus, the share price could experience a knee jerk reaction.

Do remember that BSE's final dividend is only 4 cents, the remainder are in fact special dividend.

Please do your own due diligence before you invest this counter.

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