Sold off my EX again...
I will keep this short.
I sold off all my Bukit Sembawang Estates (BSE) shares AGAIN.
Anyone who has followed me knows that I have previously invested in BSE and earned a profit. I also refer to it as my "ex."
My main thesis was that the BSE will pay a 33-cent dividend.
That, however, did not occur. Only a 16-cent dividend was declared.
It just seemed like an "ex" that you got back together with but then cheated on you again!
As a result, because my theory no longer holds, I chose to sell all of my shares for a very small profit.
Aside from the fact that the thesis is no longer valid, I also wanted to hold more cash at this time because the US market is in a slump.
After all, cash is still king.
Nevertheless, BSE financials continue to look fantastic, and their recent launch has been selling like hotcakes.
|Image Taken from Business Times. |
Potential buyers at the preview of Bukit Sembawang Estates' Liv @ MB. The project sold more than 75 per cent of its 298 units on its launch weekend.
I'll probably still keep it on my watchlist.
Do note that I had informed my telegram group of this decision prior to this post. If you are interested in joining, do Google for Fundamental Scorecard Telegram Group.
And no worries, we are pretty quiet.
Stay tuned for the next post!