$Boustead(F9D.SG)

Context

Boustead Singapore is a Singapore listed company with businesses in energy engineering, real estate solutions, geospatial and healthcare. It has a strong balance sheet with cash well above its debt and pays dividends, though its earnings are lumpy because much of the work is project based. The price dropped sharply recently.

My trade

I started a small position after the drop. I first bought with dividends in mind, but the ordinary dividend turned out to be lower than I wanted. The price has fallen further since, so it's a small paper loss for now.

Takeaway

Starting small leaves room to add a little more if the price keeps falling, and special dividends are a bonus but not something to count on.