SRS - Closing status 8 August

Invested into Starhub 9 lots in this week as part of usual and active SRS stock holdings re-balancing.  In its 2Q14 results, revenue -1.8%, profit -6.3%.  Lower revenue  due to lower pre-paid mobile and broadband revenue.  Lower profit due to lower other income as there was no adoption grant income taken up this quarter with the current claims still pending the regulator’s certification.  Free cash flow was S$62 million for the quarter and cash capital expenditure (capex) was 6% higher at S$95 million compared to a year ago.  Despite pricing competition in the residential broadband sector, it is on track in its strategy to gain market share and grow triple-service Hubbing households.  It will continue to make inroads in the Enterprise segment both in the large accounts and SMEs.

SRS stock holdings walk since previous posting :-

+$12,051 Total Returns as of 1 August

-$1,630 Unrealised positions worsened

+$10,421 Total Returns as of 8 August

previous posting :- SRS - Closing status 1 August

Remarks :- Profits locked in to-date $17,260 / year 2014 $4,658