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Saturday, 20 October 2012

SRS - Closing Status 19 Oct

SingPost has been climbing up very slowly and steadily over the months.  I am unsure how far more will it climb further.  So, under my SRS portfolio this week l have sold off the entire 12 lots for a gain of $170.  It will be posting its results soon and l am expecting its dividend rate to stays the same $0.0125 as last year for XD some time mid-Nov month.  At this dividend rate and for 12 lots, the expected dividend amount is $150 so, the profit of $170 came in slightly higher.  I will definitely re-invest into SingPost if its price weakens.

Also under my SRS portfolio this week l have invested into 2nd Chance for 28 lots, two days before its latest financial results were released.

Initially l have intended to keep and selling it at an exit selling price for a profit to be same as dividend rate of $0.038.  But sensing that the overall share markets are generally under pressure because of disappointing earnings results so l did not hesitate giving up 2nd Chance in the same week itself.

2nd Chance is a good company to invest in.  It has a diverse business profiles - property rental, gold, wearing apparel and investment dealing.  It has succession plan in placed so there is no worry of business disruption if anyone in the management team becomes unavailable suddenly. It is not exposed to weak economic countries in the Europe and increasingly high business costs market like China. Businesses are in Singapore and Malaysia so any quick management decisions become easier and quick to execute. Its financials are not that great but l reckon companies having similar businesses as 2nd Chance will have such and almost similar financials.  After all, 2nd Chance have been around since 1975 so it is quite a stable company.

Will re-invest into 2nd Chance again when its share price weakens.

Portfolio walk since previous posting :-

+$2,533 Total Returns as of 12 Oct

+504 Gain on sales of SingPost and 2nd Chance

+$271 Unrealised positions improved

+$3,308 Total Returns as of 19 Oct

previous posting :- SRS - Closing status 12 Oct

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