Cash - Closing Status 27 Jan

This week's stocks sales under cash portfolio on Keong Hong, Goodland and Baker Tech gave me a satisfying advance dividend (or profit) of $785.  
 

stock	expected dividend	nett gain
Keong Hong (5TT)	490	456
Goodland (5PC)	80	185
BakerTech (568)	150	145
total	720	785

Looking at my realized positions under cash portfolio in year 2012, l have been selling into strength to get paid in advance on the dividend; realized positions in full year 2011 $1,187; in 2012 Jan  $2,378.

The stock price in some of the counters can still go higher before they actually go ex-dividend but l am very clear with my selling price target.  So, l would rather hand over the baton to the next runner in the race once l have achieved the anticipated dividend amount.  And with the proceeds on sales of these stocks l am ready for the next run.

previous posting  :- Cash - Closing Status 20 Jan

Investment activities - week ending 27 Jan

For the last two weeks l have been trying to buy more stocks which are going ex-dividend soon but their prices are not attractive enough.

For this week, l have sold Baker Tech 5 lots and Keong Hong 35 lots.

I saw good entry price on Goodland and bought 8 lots for its dividend.  But l have decided to sell it all off when its price gone up to a level beyond my dividend yield expectation. 


There have been some kind of panic buying everywhere as this is just normal speculators and investors behavior of not wanting to be left out in getting a piece of the pie.  I would rather not follow as l reckon this euphoric thing over high stock price day after day is just too risky.

Advance dividend payment from Keong Hong

I have to sacrifice the golden-egg goose again; this time round it is on Keong Hong.  Its ex-dividend date is 7 February so l could have hold on to this stock till then.  On 35 lots, l would have be able to receive $490 on 23 February but have decided to settle for a little lesser amount of realised nett gain at $455.55.   I can now use the proceeds to reinvest.  

Stock	Keong Hong (5TT)
Qty	35
Dividend ex-date	7-Feb
Expected dividend rate	0.014
Expected dividend amount	490.00
Sold date	25-Jan
Realised nett gain	455.55
Actual dividend rate	0.014
Dividend payable date	23-Feb
Dividend receivable	490.00
Strike gold / (golden-egg goose killed)	-34.45

Hwa Hong Corpn profit warning (...again)

I have sold off all my Hwa Hong shares at break even last week.  This evening, the company announced profit warning to its about-to release fourth quarter results (in early February).  Not really a surprise as the company already issued these profit warnings in its past three quarters results as well.  One full year and nothing have been done to turn around the situation!

Will the company still pays dividends (usually in May and August months).  Answer is "yes" as seen from its past years records.  The company still has a healthy balance sheet to reward its loyal supporters say, no lesser than $0.01 per share (for payment in May); which is really quite good when comparing it to most Reits which have already announced their dividends (for payment in February).


>>>>>>


"...... The  Directors  of  Hwa  Hong  Corporation  Limited  (the  “Company”)  wish  to  issue  a  profit  warning regarding the financial results of the Company and its subsidiaries (the “Group”) for the fourth quarter ended 31 December 2011 and for the financial year ended 31 December 2011.

The Group is expected to report a loss for the fourth quarter ended 31 December 2011 compared with a  profit  for  the  corresponding  period  in  2010 mainly due  to :-

(i) lower rental revenue due  to refurbishment works on a residential property in the UK and our warehouse in Paya Lebar

(ii) lower profit from trading of investment securities

(iii) lower gain from disposal of RiverGate apartments due to a more cautious market following the introduction of additional buyers’ stamp duty by the Singapore Government

(iv) higher allowance for impairment losses on investment securities.

For the above-mentioned reasons, the Group is expected to report a significant decline in profit for the full year ended 31 December 2011 as compared with the corresponding period in 2010 but the Group will remain profitable for the full year ended 31 December 2011.

This profit warning is based on a preliminary review of the unaudited financial results of the Group.  Further details of the Group’s performance will be disclosed when it releases its unaudited financial results for the full year ended 31 December 2011 in early February 2012. ...."

-end-

Superb showing by Keppel Corpn (full year 2011 results)

Keppel Corpn full year results just released; snapshot as below.


1. Net profit improved 14% to S$1,491 million, compared to FY 2010’s S$1,307 million (restated).

2. Earnings Per Share of 83.8 cents, up 13% from FY 2010’s 74.3 cents (restated).

3. ROE of 21.6%.

4. Economic Value Added increased from S$964 million to S$1,024 million.

5. Total dividend increased to 43.0 cents per share, comprising a final dividend of 26.0 cents and an interim dividend of 17.0 cents already paid.

6. Net gearing of 0.17x.

-end-

Golden goose killed and striking gold

In the first two weeks of January, two stocks l have sold off already announced their dividend payment details - Suntec Reit and FSL Trust.

I have killed the golden(-egg) goose on Suntec as l could have collected a higher dividend amount by another $73.94 if l have waited for it to go ex-dividend on 31 January.  I could still get into Suntec if the price is right (say, below $1.12) before it goes ex-dividend in a week's time.

The move to sell into strength on FSL Trust and with its assumed interim dividend rate same as in year 2011 was rewarding.  I have escaped its much lower dividend rate announced by $186.60 on 21 lots. 

Bought into FSL again last Friday in a hasty and reckless manner; l have wrongly thought that its actual dividend rate is $0.01 when its correct rate is at $0.001 per share!  I will now target to sell it at break-even then. 

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)

 

SRS - Closing Status 20 Jan

Total Returns 2011 January 1st - 2012 January 20th now at -$3,197.

M1
Bought 5 lots of this stock earlier this week.  Its last done price ended the week lower than my purchase price. Just to console myself, SingTel and Starhub fared badly as well this week.

SembMar
Sold 1 lot of this stock this week.  Its last done price ended the week higher than the price which l have sold it. This because l was only aiming at break-even.




previous post :-SRS - Closing Status 30 Dec

CPF - Closing Status 20 Jan

Sold SembMar 1 lot this week.  Its last done price ended the week higher than the price which l have sold it.. This because l was only looking at break-even. 

previous journals :-

CPF - Closing Status 30 Dec

CPF - Closing Status 30 Dec (update)

Cash - Closing Status 13 Jan (continued)

Here are some details on the stocks purchased and sold under Cash portfolio this week :-


TechOil&Gas (5CQ)
Expected dividend payment in February and interim dividend amount estimates of $270 for 9 lots.
To get advance payment on the dividend, sold 9 lots (in January) at nett gain amount of $305.
Future plan to re-invest when stock price is weaker so, a possible cycle of the above.


Latitude (5OY)
Expected dividend payment in March and interim dividend amount estimates of $140 for 10 lots.
To get advance payment on the dividend, sold 10 lots (in January) at nett gain amount of $144.
No immediate future plan to re-invest in this stock.



LippoMalls (D5IU)
Expected dividend payment in March and interim dividend amount estimates of $355 for 32 lots.
To get advance payment on the dividend, sold 32 lots (in January) at nett gain amount of $342.
Future plan to re-invest when stock price is weaker so, a possible cycle of the above.



SuntecReit (T82U)
Expected dividend payment in March and interim dividend amount estimates of $13 to $24 for 4 lots.
To get advance payment on the dividend, sold 4 lots (in January) at nett gain amount of $25.
No immediate future plan to re-invest in this stock.



HTL Int (H64)
Expected dividend payment in May and interim dividend amount estimates of $480 for 12 lots.
To get advance payment on the dividend, sold 12 lots (in January) at nett gain amount of $486.
Future plan to re-invest when stock price is weaker so, a possible cycle of the above.


K-REIT (K71U)
Bought 5 lots in time for interim dividend going ex-date end January.  Will sell stock earlier than scheduled if price hits estimated interim dividend amount otherwise hold till next review during subsequent dividend ex-date in July month.


OKP (5CF)
Was planning to sell entire 3 lots holding.  But wrongly entered sell queue as buy queue at higher price.  So, l have doubled my holding on this stock at 6 lots due to mistake. Will sell stock earlier if price hits estimated interim dividend amount before ex-date in May month otherwise hold till next review during subsequent dividend ex-date in August month.


Keong Hong (5TT)
Bought 35 lots for its dividend ex-date in February.  Will sell stock earlier if price hits estimated dividend amount otherwise hold for selling into strength at break-even.  This is a risky counter during this weak property outlook for Singapore.  But am hoping that it is still able to shine as its business activities covers a broad range of building construction services not just for residential but also for commercial, industrial and institutional projects.  I will be extremely cautious to go long on this company as its income statement seems so bad with very thin profit margin.

related posting :- Cash closing Status 13 Jan

Cash - Closing Status 13 Jan

Sold Technics Oil & Gas 9 lots, Latitude 10 lots, LippoMalls 32 lots, Suntec Reit 4 lots.

Bought K-Reit 5 lots, Keong Hong 35 lots, OKP 3 lots.

previous posting :- Cash - Closing Status 06 Jan

CPF - Closing Status 30 Dec (update)

As mentioned previously that l am relying on bank statement to update this CPF portfolio.  Received the bank statement this week and it shows dividends received on SPH stock and also the quarterly service charges.

previous post :- CPF - Closing Status 30 Dec

Cash - Closing Status 06 Jan

I will not update both the SRS and CPF portfolios as there is no movement in these portfolios.

For the Cash portfolio, new additions are HTL 6 lots and Latitude 10 lots; and sold off Cambridge 8 lots.

Latitude is probably paying interim dividend in March month and the amount is likely to be higher than interim dividend (usually happening) in February month by Reit counters.  Latitude has a higher dividend as it is considered a higher risk counter.  In the days and weeks ahead, if there is a good capital appreciation on Latitude then l will sell the entire 10 lots rather then waiting for it to go ex-dividend. For a high risk counter as Latitude, there is a chance that it would not be paying any dividend at all.  If all plans failed (no capital appreciation and no dividend) then l will just hang on to it.  I have put in $2.2k for 10 lots on it with the hope it is a worthwhile short term investment.

HTL is facing problems on forex volatility, cost increases in raw leather, higher freight rates and higher production costs in China.  Anyways, l am confident HTL is able to overcome these difficulties as they have been dealing with overseas businesses all these while.  It has a reasonably healthy balance sheet with healthy free cash flow position.  Its inventory on FG and WIP are made to order by customers. With the additional 6 lots this week, my total exposure in HTL is at reasonable amount of $3.4k (for 12 lots). 

Selling off Cambridge so that l can re-use the funds for reinvestment.

Going forward, l am considering putting in funds on anticipated higher paying interim dividend counters say, K-Reit, Ascott Reit, etc.   Projecting the annual dividend payout is already not easy so l am hoping the effort in anticipating the interim dividend payout is more rewarding.

previous posting :-  Cash - Closing Status 30 Dec

Charter Hall Office Reit and Singapore GIC

There are a number news between yesterday and today, reporting on the Charter Hall Office Reit (in Australia) and Singapore GIC property deals which was already in the news back in early Dec 2011.

Singapore Reit companies are likely to increase their "coverage" abroad as well in search of better returns on rental income for unitholders.

previous posting : -  Singapore GIC on property spree in Australia?

Cash - Closing Status 30 Dec

Sold Ocean Sky 20 lots.  Queued to sell 22 lots but only 20 lots was sold so what will l do with the remaining 2 lots on Ocean Sky .....

I have bought into Ocean Sky (on 15 Dec) after its ex-dividend date so l would have to wait till its next dividend payment in May 2012.  Based on Ocean Sky 22 lots and from its 2011 dividend payout, l would have gotten a gross dividend of  $350.  Selling the whole of 22 lots at the price which l have gotten for 20 lots at $0.133 would have given me a $340 nett gain (after clearing fee, etc.).   On 20 lots, the investment cost was $2325 and with the gain of $306 this equals to annualised rate of 13.2%.  I am not into punting so l will not loose sleep over it if its price going higher in the coming days or weeks ahead.  l have received a so-called retrospective dividend payment so this is really a bonus. 

The whole of this week, only managed to sell into strength on Ocean Sky but not other counters on my to-sell list; which goes to show overall market mood is still quite pessimistic. 

The stocks counters of five largest funds allocation are still the same as last week's.  Figure in bracket was previous posting's number. Five big stocks in their biggest funds allocation order are :-LippoMalls 16% (15%), CitySpring 8% (7%), Tech Oil & Gas 10% (10%), Suntec Reit 6% (6%) and FSL 8% (8%) totaling to 48% (47%) of the overall Cash portfolio.

 previous : Cash - Closing Status 23 Dec