"I'm in a bind. Should I sell?"
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Hey, Willie here! Recently, a DT reader has a substantial position in a Singapore stock. He asked me whether he should sell his stock... "Dear Willie,
Thank you very much for your valuable insights in this very well written article. I also enjoy listening to you over Money FM 89.3.
I hope to engage you on a matter that has been troubling me recently.
You see, I have a significant holding in this company called Singapore Shipping Corporation (SSC). After reading this article of yours, I am in a quandary. SSC has been giving consistent dividends from day one. Since its listing on 24 November 2000, the company has never reported a loss nor omitted a dividend payment. However , in the 2026 Annual Report, I felt queasy after reading the Chairman’s message. He candidly highlighted the rapidly aging profile of SSC’s fleet of 5 ships, 4 of which are approaching the end of their economic useful lives, necessitating a substantial and sustained program of renewal. The challenge is the materially higher cost of newbuilds. The cost of a new-generation car carrier vessel could be around US$120-150 million. The company’s current net cash of US$46.1 million is not sufficient to fund fleet replacements at prevailing capital expenditure levels. To take on huge debts to replace the fleet is untenable and unthinkable...
I am in a bind. Should I sell?"
We often find ourselves in a tricky situation - we KNOW what stocks to buy, KNOW when to buy, KNOW how much to put these stocks into a portfolio... But how do we KNOW when to we sell our stocks? I've unpacked it right here: Sometimes, investing can be simple. Willie Keng, CFA Founder, dividendtitan.com P.S. Like this issue? Click HERE to join other dividend investors reading my DT Compound Letter. I send my regular letters to your inbox. |
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