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Missed selling APTT at higher price.

Saturday, March 18, 2017

Hi Mr. AK,

I like when you say all investments are good at the right price.


I also follow you to buy APTT when it was 38c. Thank you.






I just found out you sold end of last month. The price now 43c.


I missed the chance to sell at 49.5c. Do you think I should sell at 43c?






I am not blaming you but I only read your blogs on stocks.


I missed the sell on APTT at high price because it was not not in the blog title.








Hi LK,

Welcome to my blog.

If you like Peter Lynch's famous saying, you should first learn to tell the difference between price and value. 

You could start by reading some books: HERE.





Read that blog post of mine again to learn why did I choose to sell and not hold on to APTT for dividends. 

Note that although the investment gave me a very nice 32% capital gain, that was not the main reason for selling.






As for being less than organised in my blog, I am a mental blogger. Sometimes, I confuse even myself. 

A thousand apologies.

Best wishes,
AK

Related post:
The reader was referring to this blog:
My savings accounts, recent money flow and investments.

15 comments:

blazingruby60 said...

HI AK
I too had listened in to your talking to yourself and bought into APTT at 38 cents but I didnt hear your call to sell ..ha ha..
I am retiring in a few years and hope to build up a portfolio of stocks to collect passive income. I know about rising interest rates and the issues with reits asking from shareholders to get their bonus shares, rights etc..
Is there a need to sell APTT since I bought in at a low price of 38 cents?

I am one of your many audience..Please continue to talk to yourself..thank you
cheers

AK71 said...

Hi ruby,

I don't know if there is a need to sell APTT but I always compare investments against each other to help me decide if I should make any changes.

So, in this instance, I decided to sell my investment in APTT at the price I did because other investments with better profiles could provide similar returns.

Having said this, I still have a legacy position in APTT from its MIIF days. That is almost free of cost. Almost risk free, I will leave it be.

Kevin said...

Hi AK

I like how you apply Benjamin Graham's margin of safety to all or most of your investments and also the financial discipline you apply.

Personally, I find that financial discipline is not easy, especially the constant tussle between the wants and needs. :P
Nonetheless, I can safely say i am getting there. ;)

Enjoy reading your blog posts and stay the mental blogger you are. Thank you.

AK71 said...

Hi Kevin,

Thanks for reminding me. I almost forgot I have an appointment with IMH next week. ;p

Market Observer said...

Hi Folks, i read your post with keen interest on APTT. It closed @ 0.465 last Friday, what do you think. The low was 0,375 / recent high was 0.51 there about. Its NAV is $0.85 (as at Feb). I would be buying if it traces back to $.40. I'm comparing this to Sabana, since both fell as much the same. May I know your view. on technical the momentum is neutral.

AK71 said...

Hi MO,

I don't think we should compare APTT with Sabana REIT. There isn't anything similar in what they do at all.

To find out why I bought and sold APTT when I did, you want to read this blog post:
HERE.

Scroll down towards the end and you will find it.

40c would be a better entry than 46.5c. ;)

betta man said...

Price of APTT has been dropping steadily for the past few weeks, hitting $0.47 at point of writing. I could not find any bad news.

Would you pick up APTT again should it goes down to $0.375 ? Thanks! :)

AK71 said...

Hi betta man,

I would have to look at the circumstances and compare the numbers to the last time it was at that price (if it happens).

All investments are good investments at the right price. ;)

AK71 said...

Read the last few paragraphs of:
http://singaporeanstocksinvestor.blogspot.sg/2017/02/my-savings-accounts-recent-money-flow.html

AK71 said...

From my FB wall:

Joseph Goh
April 25 at 1:17pm ·
Asian Pay Television Trust APTT (S7OU)

Dividend yield of 13% (based on 0.016 per quarter payout and current share price of 0.47)
Shiok ah!!!
You sure?
There are reasons why you shouldn’t look at dividend as the main reason for buying a stock

1) operating cf increasing but their cash balance, ROA, ROE and ROCE are reducing YoY. This doesn’t make much sense to me

2) D/E increasing at a staggering speed, NI is also decreasing. It also means that their hedging team is not performing as what they are meant to be. Having so much financial loss by hedging is damaging to a company’s profitability ratio

3) What’s the use of EBITDA? It is definitely very misleading for this company and to me, this company is likely to be on the way to having a slap by Temasek.

4) Corp governance issue. Board of directors are audit committee as well?! Not a fan of this, as I will expect a clean and transparent reporting.

5) TA wise.. it’s a mega downtrend.. no sign of reversal on a weekly chart which means the downtrend is intact and shall stay for a good while.

When it’s too good to be true, it is likely so..
I’ll stay away from this counter for sure.

betta man said...

APPT's fundamentals are indeed deteriorating.

https://dividendpassiveincome.blogspot.com/2018/05/asian-pay-tv-trust-keeps-spiralling.html

But as you said AK, all investments are good investments at the right price. Given the current situation that APPT is in, what would in your opinion be the right price ?

AK71 said...

Hi betta man,

What was the price I paid for APTT the last time? Hmmmm... ;p

AK71 said...

Reader says...
Are you still holding on to asia pay tv trust from 2015? Saw from their website that gearing is 50%. Am investing for income but the gearing level is worrying

AK says...
I have a legacy position but that is free of cost by now. Just collecting free money. ๐Ÿ˜›

AK71 said...

I said that a more sustainable DPU for APTT was 4c instead of 6.5c.

Seems like it could happen in 2019.

"Asian Pay Television Trust (APTT) reported second-quarter interim distribution per unit (DPU) of 1.625 cents for the period ended June 30, 2018, unchanged from the year-ago period but warned that DPU in 2019 is "likely to be lowered" in the midst a challenging environment, which includes the impact of competition in the wireless broadband market."

Source:
https://www.straitstimes.com/business/companies-markets/asian-pay-television-trust-sees-flat-q2-dpu-of-1625-cents-warns-of-lower

AK71 said...

Brian said...
To be frank I have 200000 shares bought more than 40 cents on average as most of my capital if not all are inside? What should I do? Am really afraid! Please help!


Blogger AK said...
I would not throw in everything including the kitchen sink even at the current price.

I would not have bought APTT at 40+ cents.

In fact, after buying at 38c two years ago, I sold at 49.5c.

It was a price I would not have bought at.

Now, you have to ask yourself if you did not buy APTT at 40+ cents, would you buy now?

If you would buy now, why sell now?

Buy at prices you won't sell at and sell at prices you won't buy at.

You have the answer.

From comments section of:
https://singaporeanstocksinvestor.blogspot.com/2018/11/gobbling-aptt-as-its-unit-price-plunged.html

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