Cash - Closing Status 20 Jan

Sold Hwa Hong 5 lots, OKP 6 lots, FSL 21 lots.

Bought FSL 30 lots.

HwaHong (H19) 
Searched the internet for quick information on its dividend payment and it seems that dividend payment basis is really due to divestment proceeds. Sold this stock at break even and have no plan to re-invest in it. 

OKP (5CF)

Was attracted to invest in this stock due to good dividend and sound financial.  Road building business in Singapore is rather limited so the company is looking into property development which could possibly have negative impact to its future financials.  Company could reduce future dividend whilst it is embarking on this new foray.  Sold OKP at break even for re-investment in other counters.

FSL Trust (D8DU) 
As of last week, l have 21 lots of FSL.  Expected its dividend payment in February and interim dividend amount estimates of $200 for 21 lots using year 2011 payout rate.  To get advance payment on the dividend, sold 21 lots earlier this week at nett gain amount of $213.  Then l was doing some thinking of future plan to re-invest when its stock price is weaker so, a possible cycle of the above.  Well, l got into this counter again on this Friday of 30 lots.  But there is a very bad mistake here; its interim dividend rate is now at $0.001 and not what l have initially thought of it to be at $0.010 per share when l placed for its purchase order!  What an investment misadventure!  Not sure what to do this 30 lots of low dividend paying stock now?


previous journals :-

Cash - Closing Status 13 Jan

Cash - Closing Status 13 Jan (continued)