Update on Power Assets 0006.HK

After waiting for an entire month, Power Assets did not reach my ideal price and today is the last day before ex-dividend. I decided to sell 25 lots and let go at HKD 78.3 per share. I kept 5 lots in the portfolio as the dividend and price difference will give me 3.6 lots of shares free of charge. 

Time to move on to the next idea - L Brands.

Price drop more than 50% from the peak.

Picture Courtesy from Google Finance 

P/S = 0.9 < 1
P/Cash Flow = 5.8 < 10

I will start to accumulate on this. When I have time, I will share my new position for Best Pacific International 2111.HK (again thanks to Mr Chia F.L. for his research/contributions).

Power Assets 2017 Half Year Results

Power Assets Group's unaudited profits for the six months ended 30th June 2017 amounted to HKD 4,024 million which is 16% higher compared to 2016 HK 3,476 million.
The company has announced an interim dividend of HKD 0.77 per share which is higher by 10% than compared to 2016 HKD 0.7 per share. In addition, there is a one-off special interim dividend of HKD 7.50 per share in order to address shareholders' expectations while balancing Group's financial capacity for future acquisitions.  

Let us pause for a while and address this great news for JC Fund.

Total Dividend Income = 30,000 shares x HKD (7.50 + 0.77)/share = HKD 248,100/=
which is equivalent to approximately SGD 43,000. 

This will be paid by 29th August 2017.

I know this special dividend will serve a higher purpose by boosting 6.2 billion for CKI to acquire another company. 

In the report, it was said that DUET was well aligned with the Group's strategy with energy generation, transmission as well as distribution. It is said that DUET will build, own and operate new unregulated gas pipelines. I need to investigate this further and forecast how this will affect the growth of the business.

Enough for the good news, now bring up the bad news, I may experience 2nd retrenchment in 2017. I cannot reveal too much but the company may not require my service anymore. It is time to move on. This is a major disruption to our quest. I need to believe in God's plan for me and I must believe that he knows what I want in life. He will open up the path for me to bring me back to my desired path. I felt disappointed when I hear the news that we did not win the project but I know we have done our best.

Time to gather myself and plan ahead.