As expected, the selldown of Starhub was furious on Monday. Starhub dropped 20 cents at market close. This means a wipe out of more than one full year of the proposed dividend payout (16 cents) in one trading day.
I also placed 2,000 units of Starhub for sell but did not manage to sell any. Well, let see tomorrow...
A more happy circumstance for Capitaland. The sleeping giant finally show sign of waking up. Capitaland is a red counter in my portfolio since the beginning of this blog and it has turned green today.
Showing posts with label Starhub. Show all posts
Showing posts with label Starhub. Show all posts
Monday, 6 February 2017
Friday, 3 February 2017
Starhub - 20% Dividend Cut
Finally it happens.
I bought Starhub after it lost the English Premier League broadcast rights to SingTel. The steady flow of 20 cents dividends a year or 5 cents a quarter finally comes to an end.
Starhub announced after Friday market close that the company will be paying 4 cents a quarter or 16 cents for financial year 2017.
Starhub was a good dividend master all these year. It is one of my core holdings and accounted for more than 20% in my portfolio in my earlier days.
I have gradually reduced my exposure to Starhub over the years and it is now just above 8% in my portfolio. This 20% dividend cut means about 2% reduction in my dividend harvest. Painful but still tolerable for a 5+% yield.
I am expecting a selldown of Starhub shares when the market opens on Monday. Perhaps I should sell some Starhub too?
I bought Starhub after it lost the English Premier League broadcast rights to SingTel. The steady flow of 20 cents dividends a year or 5 cents a quarter finally comes to an end.
Starhub announced after Friday market close that the company will be paying 4 cents a quarter or 16 cents for financial year 2017.
Starhub was a good dividend master all these year. It is one of my core holdings and accounted for more than 20% in my portfolio in my earlier days.
I have gradually reduced my exposure to Starhub over the years and it is now just above 8% in my portfolio. This 20% dividend cut means about 2% reduction in my dividend harvest. Painful but still tolerable for a 5+% yield.
I am expecting a selldown of Starhub shares when the market opens on Monday. Perhaps I should sell some Starhub too?
Friday, 9 August 2013
English Premier League: Starhub Vs SingTel
The match between Starhub and SingTel has kicked off. This is the first year that EPL is available on both SingTel mioTV and its rival Starhub.
SingTel announced that the EPL, which kicks off on Aug 17, will cost $59.90 a month by itself (stand-alone fee). This will be available to both SingTel's mioTV and Starhub subscribers.
MioTV customers will also be able to buy a bundle of football programmes, including the EPL, the Champions League and Spanish La Liga, plus entertainment programming, for $64.90. Last year, SingTel sold a sports bundle which included EPL for $34.90. Therefore, the cost almost double for SingTel mioTV subscribers for the new season.
Starhub subsequently announced their prices for the new cross-carriage Barclays Premier League on cable TV.
Customers who sign up for the EPL will now receive up to $30 off their bills per month up to a maximum total of $600 over the next two seasons.
This applies to all Starhub TV customers, both new and existing. For existing customers, this monthly rebate applies to whatever current packages they are on. The offer is also contract-free, and customers have until 30 September 2013 to sign up.
However, new and existing Starhub customers still have to pay the S$59.90 (cross-carried EPL package) stand-alone fee announced by rights owners SingTel.
If the Starhub TV bill amounts to less than $30 per month, it will be waived fully. So technically if a brand new Starhub customer signs up for its promotional HD pack of $22.47, after discounting the S$30 monthly rebate, he could end up paying simply just S$59.90 to watch the EPL on the telco's platform.
Competition is supposed to bring benefits to consumers, by offer more choices and supposedly at lower cost. However, this is not the case for EPL. The consumers are the casualties in the telco companies bidding war for broadcasting rights.
SingTel announced that the EPL, which kicks off on Aug 17, will cost $59.90 a month by itself (stand-alone fee). This will be available to both SingTel's mioTV and Starhub subscribers.
MioTV customers will also be able to buy a bundle of football programmes, including the EPL, the Champions League and Spanish La Liga, plus entertainment programming, for $64.90. Last year, SingTel sold a sports bundle which included EPL for $34.90. Therefore, the cost almost double for SingTel mioTV subscribers for the new season.
Starhub subsequently announced their prices for the new cross-carriage Barclays Premier League on cable TV.
Customers who sign up for the EPL will now receive up to $30 off their bills per month up to a maximum total of $600 over the next two seasons.
This applies to all Starhub TV customers, both new and existing. For existing customers, this monthly rebate applies to whatever current packages they are on. The offer is also contract-free, and customers have until 30 September 2013 to sign up.
However, new and existing Starhub customers still have to pay the S$59.90 (cross-carried EPL package) stand-alone fee announced by rights owners SingTel.
If the Starhub TV bill amounts to less than $30 per month, it will be waived fully. So technically if a brand new Starhub customer signs up for its promotional HD pack of $22.47, after discounting the S$30 monthly rebate, he could end up paying simply just S$59.90 to watch the EPL on the telco's platform.
Competition is supposed to bring benefits to consumers, by offer more choices and supposedly at lower cost. However, this is not the case for EPL. The consumers are the casualties in the telco companies bidding war for broadcasting rights.
Wednesday, 17 April 2013
Passive Income Farmer - My First AGM (Starhub)
I have not attended AGM before. Partly because my busy work schedules did not allow me to attend the AGMs on week days. Also, I have heard bad things from friends about AGMs. Most particularly the ugly scenes at AGM buffets; people are said to be scrambling, rushing, pushing and taking excessive food than what they could eat. Heard some even brought containers (most likely exaggerated) to package food home.
From this year onwards, as I have less travelling, I decide to attend an AGM to have such an experience. I always wonder how the voting/polling is done at the AGMs? I want to attend one AGM myself so I would not be the "mountain tortoise" any more. Perhaps this can be a pastime after my retirement.
Starhub held their AGM this year on April 15 at the company's headquarters at Starhub Green, Ubi Ave 1.
As Starhub is my current top holding and I have some free time on that day, I decide to start my first AGM with Starhub.
Registration for Starhub AGM is a breeze. You just show up at the venue, let them scan your IC to verify your shareholder status and sign in on an electronic signature pad. All these processes are very high tech and all paperless. Unlike my reservist experience with SAF where people had to manually check your IC against one long list in paper print-outs. And ironically sometimes they could not find your name when you reported for in-camp training.
After signing in, you are issued a sticker to paste on your shirt and also a "Trust Poll plus" handset. This handset is programmed with your name and number of shares you held; and is use for voting/polling. You press "1" to vote "for" and "3" to vote "against" on this handset.
Then, you are set and ready to enter the AGM venue, the Starhub Green Auditorium for this Starhub AGM. I estimated that there were about 200 people attending this AGM.
Not too many questions were asked during Starhub's AGM. I guess most shareholders are satisfied with the company's past year performance and the current stock price appreciation. Wonder what would it be like in an AGM where the company is losing money?
Polling on the resolutions are done with the handset. The results were almost instantaneous and were projected and showed to all in the room. The AGM/EGM concluded swiftly in about 1 hour.
Then, it was quite a sight as people gathered at the buffet table in a flash. Generally, people are quite civilized with no scrambling or pushing. Starhub is also smart that they provided small plates (small surface areas for food), so people fill up their plates with food quickly and move out of the way swiftly. More than sufficient foods are catered. Although I queued at the back, I still managed to get a second serving.
One of the attendees told me that StarHub’s AGM typically attracts smaller crowd compared to rivals M1 and SingTel, as Starhub is largely owned by institutional investors (Temasek has 36%).
This is an eye-opening experience for me and I will attend other AGMs, particular SingTel's to see what the scene is.
From this year onwards, as I have less travelling, I decide to attend an AGM to have such an experience. I always wonder how the voting/polling is done at the AGMs? I want to attend one AGM myself so I would not be the "mountain tortoise" any more. Perhaps this can be a pastime after my retirement.
Starhub held their AGM this year on April 15 at the company's headquarters at Starhub Green, Ubi Ave 1.
As Starhub is my current top holding and I have some free time on that day, I decide to start my first AGM with Starhub.
Registration for Starhub AGM is a breeze. You just show up at the venue, let them scan your IC to verify your shareholder status and sign in on an electronic signature pad. All these processes are very high tech and all paperless. Unlike my reservist experience with SAF where people had to manually check your IC against one long list in paper print-outs. And ironically sometimes they could not find your name when you reported for in-camp training.
After signing in, you are issued a sticker to paste on your shirt and also a "Trust Poll plus" handset. This handset is programmed with your name and number of shares you held; and is use for voting/polling. You press "1" to vote "for" and "3" to vote "against" on this handset.
Then, you are set and ready to enter the AGM venue, the Starhub Green Auditorium for this Starhub AGM. I estimated that there were about 200 people attending this AGM.
Not too many questions were asked during Starhub's AGM. I guess most shareholders are satisfied with the company's past year performance and the current stock price appreciation. Wonder what would it be like in an AGM where the company is losing money?
Polling on the resolutions are done with the handset. The results were almost instantaneous and were projected and showed to all in the room. The AGM/EGM concluded swiftly in about 1 hour.
Then, it was quite a sight as people gathered at the buffet table in a flash. Generally, people are quite civilized with no scrambling or pushing. Starhub is also smart that they provided small plates (small surface areas for food), so people fill up their plates with food quickly and move out of the way swiftly. More than sufficient foods are catered. Although I queued at the back, I still managed to get a second serving.
One of the attendees told me that StarHub’s AGM typically attracts smaller crowd compared to rivals M1 and SingTel, as Starhub is largely owned by institutional investors (Temasek has 36%).
This is an eye-opening experience for me and I will attend other AGMs, particular SingTel's to see what the scene is.
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