Skip to main content

Goodbye M1

M1 Logo

I have been holding M1 for the longest time since 2008 for its good dividend payouts over the years. On 18th October 2016, M1 announced its 3Q2016 financial results. We can see how much the financials have deteriorated. Thus, I made the decision to divest M1 in my stock portfolio.

A telco operator’s revenue is very much predictable based on its prepaid and postpaid revenue. Operating revenue, profit after tax and prepaid, postpaid revenue all fell for M1 over the quarters.

Given the higher risks than benefits, below are few of the reasons I decided to divest M1.

Read More

Subscribe to My Sweet Retirement via Email

Enter your email address to subscribe to this blog and receive notifications of new posts by email.