why I don't take my gain off the table for noel gifts?

I started studying this company in detail and buying this counter 1-2yrs ago. I hold about 3/4m shares at ave price 26c. Capital gains of 30-40k so far.

One of my old friends said " damn stupid, make money, quickily gia lui n run"  I tried explaining my view to him but i guess he couldn't get my point.

Anyway here's my point

1) strong brand n getting stronger n getting increased visibility from the public n government.

2) sg50 & mas deals in...likely more to come perhaps from the private sector even.

3) capital plus dividend raise expected

4) company exists for 4 decades. I dont see it going bust anytime soon.

in summary, don't kill the goose which lays the golden eggs. the golden eggs are be put to hatch more golden gooses.

My thoughts on Penguin International Ltd

As some readers already know, I am a believer of dividends more than other things and take my time to analyse these. To me, corporate action is important as nobody sane would take out his wallet and throw his money without ample thinking.


Without further ado,

Here are the salient points

1) 16 years of history available.

2) skipped dividends 2004-6, 2009-13. Thus highly erratic pattern. Likely point to cyclical business and cyclical cash flow

3) 2 right issue 2000 and 2008. something which doesn't look good in view of the erratic dividend history.

4) no discernible raised trend can be seen.

I shall give it a miss.

IMO this counter, since dividends cannot be relied upon based on the above analysis, one will need to use share price gains to make money. Question is when will that happen? What if it doesn't? Then what?


Dividends represent cash flow and are like blood to the human body.



The above represents my own opinion, and which may be flawed. Investors/traders can still make money buying/selling penguin.

Portfolio progression - march

Dividend by mth.
1) hupsteel
2) plife
3) namlee
4) taisin suntec
5) steng singre hwahong suntec
6) tcil plife
7) engro
8) sats stamland suntec
9) steng singre plife
10) tcil
11) ngil taisin plife suntec
12) sats


More stamford land and some suntec reit will be added from parkwaylife and nam lee dividend.

Focus will still be on improving cash flow rather than absolute asset price.

Features of current portfolio

1) Improves and increases cash flow, in terms of amount and frequency

2) Removes fear to a greater extent, since most of the above companies pay dividends at those times of the year, or around those times of the year, for the past 10 years. When crisis hits, the assurance of receiving dividends every month is there.

3) Downtime, add more units for same dividend. Uptime, add less. Overall effect is still more units with consequent greater dividends received over time.