Purchased 5 lots of Singpost at $0.99 today.
Reasons for purchasing Singpost are:
1) Trading at 52 week low (major support at $0.99)
2) Strong support at $1 which has been tested 3 times since August
3) Dividend yield of 6.3% at this price
4) Limited upside potential offset by limited downside risk($0.70 during 2008 crisis)
5) Singpost-DBS tie-up from 3 Jan 2012?
6) Stable operating cash flows (well in excess of its dividend commitment)
7) Consistent dividend payout
Dividend distribution over the past 10 years
Source: http://singpost.com/singpost_03investor_dividend.htm
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