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Blog Archive

Sunday 25 November 2012

SRS - Closing Status 23 Nov

For my SRS portfolio this week I have queued to invest into Technics Oil & Gas and to my dismay only 1 lot was successful.  This is indeed terrible as as this would mean l am not able to spread out brokerage fees.  So within the same week l have sold it off at break even (small gain of $4).  I have invested into Technics as l am confident it will report a good set of results this week as also its share price level was attractive then.  After l have invested into it at 1 lot then it did report a good set of results but it did not declare any dividends which is same as reporting period last year.  I will be watching  its gross profit margin closely as 4Q12 (30.5%) seems deteriorated versus 3Q12 (47.6%) which it had blamed on mix.  Profit in 4Q12 was higher primarily because of gain on dilution in interest of  Norr Offshore Group and gain from disposal of vessels.  It attributed lower AR due to prompt payments by customers but l do hope the $1.15 million charge on the additional provision made on for its troubled associate company is a one-time off thing and there are no other bad AR.  Which is why it provided a caution in its 12 month outlook on the extent of the global credit crunch which has impacted the world's major economies (and hence customers?).  On its secured borrowings which is repayable within one year, it has gone up to $25 million in 4Q12 versus $10 million in 3Q12.  Anyways, l do not think it is cracking up soon so l will re-invest into it when its share price is at lower levels again.

I have sold off Cache Logistics 3 lots after only having it for just one week.  Its expected dividend rate is $0.02102 for XD around end Jan'13 and for 3 lots l would be getting $63 dividends.  But l prefer to get 50% as advance dividends now at a gain of $32 from its disposal this week.

I have queued for telecommunication stocks this week.  Got into Starhub 2 lots and SingTel 2 lots but both seems to be under selling pressure the whole of last week.  In coming weeks l do hope their share prices would improve.

Also under SRS portfolio this week l have re-invested into GRP 15 lots after having sold it all away under Cash portfolio in the 9 Nov week.



Portfolio walk since previous posting :-

+$542 Total Returns as of 16 Nov

+$36 Gains on sales of Technics Oil&Gas and Cache Logistics

+$1,261 Unrealised positions improved

+$1,839 Total Returns as of 23 Nov

previous posting :- SRS - Closing status 16 Nov

Saturday 24 November 2012

Cash - Closing Status 23 Nov

 This week l have sold off Keppel Reit 8 lots under Cash portfolio.  Its next dividend will XD around 25 Jan 2013 at the estimated rate of $0.0245 and if l am keeping it till then l will get dividend amount of $196.  But l have sold it off this week at a gain of $175 which is about 90% of the estimated  dividend in Jan'13 so in a way l am getting paid on the dividend in advance.

I have also sold off CDL Hospitality Trust 2 lots this week.  If l keep it till next XD in early Feb'13 at estimated dividend rate of $0.0571 then l will get $114 dividends.  The profit on selling it this week at $53 is around 46% over the estimated dividend in Feb'13.  Even though the profit amount is lower than the exit selling price target for a full profit of $114 but l am still quite happy as holding period is only one week and l can consider re-investing into it when its share price weakens in the future.


Portfolio walk since previous posting :-

-$1,401 Total Returns as of 16 Nov

+$227 Gains on sales of Keppel Reit and CDL Hospitality Trust

+$841 Unrealised positions improved

-$333 Total Returns as of 23 Nov

previous posting :- Cash - Closing Status 16 Nov

Sunday 18 November 2012

Cash - Closing Status 16 Nov

This week under Cash portfolio l have invested into First Reit 3 lots.  If First Reit is able to maintain annual dividend rate approximately of $0.0701 next year the dividend yield will be at 6.9%.  And l can comfortable assure myself that l can still expect a dividend yield of 5% if for some reasons (due to forex risks from South Korea hospital, etc.) the dividend rate is reduced significantly by say, 25%.  Other than forex risks in USD rental from South Korea hospital, Indonesia properties rentals are pegged to SGD so there is no forex risks at all.  Its sponsor, Lippo Karawaci has 17 hospitals in the pipeline so l can expect First Reit to continue acquiring more Indonesia hospitals going forward.

Also added CDL Hospitality Trusts 2 lots this week under Cash portfolio.  Its share price ended the week much weaker from the price level l have committed on it.  Per my invested funds in it then l can expect a dividend yield of 5.98% based on recent annual dividend rate of $0.1141.   I do expect its DPU to be lowered slightly going forward due to slower Singapore economy and forex risks; and also resulting from resources channeled into developing the EC site in Sengkang West.  l am still able to get a dividend yield of 5%  even when CDL HTrust reduces its dividend rate by say, 15% in 2013.

In a weak economy (local and world) conditions, almost all businesses will face difficulty improving both top and bottom lines performance and hence maintaining and increasing dividends payout will be a great challenge.  Nevertheless l reckon it is still okay to continue investing (and trading) into companies with healthy balance sheet and cash flow as you can expect them not to go belly up in the near future.    


Portfolio walk since previous posting :-

-$734 Total Returns as of 9 Nov

-$667 Unrealised positions worsened

-$1,401 Total Returns as of 16 Nov

previous posting :- Cash - Closing Status 9 Nov

Saturday 17 November 2012

SRS - Closing Status 16 Nov

Under SRS portfolio this week, l have added QAF 3 lots.  Not sure whether l have gone in too early to re-invest into QAF within the same week its poor 3Q12 results.   Its share price drop saw a significant drop (8.12% or $0.065) a day after its 3Q12 results but its share price drop seems to have slowed as of Friday's market close.  I do not think there is any fundamental issue with QAF but it's just like any other companies releasing poor results around the same time in Oct/Nov.

I have invested into Cache Logistics 3 lots in this week under SRS portfolio.  If Cache continues to pay dividends at annual rate of $0.08 then this represents 10.8% returns based on my invested funds.  Cache is currently enjoying 100% occupancy in both master and multi-tenanted leases.  2% of its leases portfolio are expiring in year 2013.  And even if there is failure on the 2% leases renewals then this is easily covered by annual rental hike of between 1.25% to 2.5%.



Portfolio walk since previous posting :-

+$1,871 Total Returns as of 9 Nov

-$1,329 Unrealised positions worsened

+$542 Total Returns as of 16 Nov

previous posting :- SRS - Closing status 9 Nov

Sunday 11 November 2012

Cash - Closing Status 9 Nov

Invested into Religare Health Trust 6 lots three weeks ago under my Cash portfolio and its share price did dip lower levels than the price which l have paid for it.   Its share price improved in this week so l have divested all of it for a gain of $91.

Health care business is a good value investment.  But the locations (Indonesia, India, Myanmar, etc.) in where a health care business is can be a great concern at times.  Religare will be in my radar for re-investment when its share price goes lower levels again; and so are other health care related stocks in Singapore. 

Under Cash portfolio this week l have invested into GRP 15 lots.  GRP recently invested into Australia gold mining company,  Aphrodite Gold Limited.  GRP will hold 12.7% equity interest in Aphrodite and the price paid was equivalent to AUD 6 cents per share.  Aphrodite's last trading price on 9 Nov was at AUD 4.7 cents (52 weeks low 3.3 cents, 52 weeks high 9.48 cents).  Gold mining is not GRP's core business which are marine and hoses, measuring instrument and PVC fittings but it has now becomes a new source of revenue for the company.  GRP has strong balance sheet and healthy cash flow.  GRP has been consistently paying 2 cents dividend in each year and at Friday's closing price $0.24 hence dividend yield is at 8.33%.  Anyway, l am always ready to take profit first as l have divested all 15 lots in the same week when its share price moved up; for a gain of $93.  Likely to reinvest into GRP when its share price weakens.

Also this week under Cash portfolio, l have invested into Keppel Reit 8 lots.  Just like any other investments and divestments, l will not hesitate to letting it go when its share price in the coming week(s) improves.  Otherwise l will be keeping it for passive income streams.


Portfolio walk since previous posting :-

-$364 Total Returns as of 2 Nov

+$184 Gains on sales of GRP and Religare

-$554 Unrealised positions worsened

-$734 Total Returns as of 9 Nov

previous posting :- Cash - Closing Status 2 Nov

Saturday 10 November 2012

SRS - a quick snapshot 9 Nov

Total invested amount in SRS portfolio gone up by $9k this week due to a hasty investment made.    With this, total yield dropped slightly to 10.6% from last week's status on yield of 15.2%.  However, total realized amount continues to inch up; now at $2,941 in 2012 or $267 per month.



SRS - Closing Status 9 Nov

Received SRS statement from the bank this week and it shows dividends received from both New Toyo and SGX.

In this week under SRS portfolio l have added Sembcorp Marine 2 lots, before its 3rd quarter results announcement. I have thought that it would have completed certain work-in-progress projects in hands and hence reporting its revenue in 3rd quarter results. Well, this was held back and so it reported quite a low revenue for the quarter; in fact it was the lowest versus past two quarters on sequential basis. l have now over invested on Sembcorp Marine so l will not accumulate on further weakness of its share price; even knowing that it will definitely report a very high revenue in the final quarter.




Portfolio walk since previous posting :-

+$3,097 Total Returns as of 2 Nov

+166 Dividends from New Toyo and SGX

-$1,392 Unrealised positions worsened

+$1,871 Total Returns as of 9 Nov

previous posting :- SRS - Closing status 2 Nov

CPF - a quick snapshot 9 Nov

A quick overview on CPF portfolio so far :-



Total realized amount in 2012 ($2,215) is higher than 2011 ($1,159).  This is driven by gains on divestments.  I am currently sitting on a huge paper losses but it is an improvement of an even higher paper losses in 2011.  What matters most now is to get as much realized returns as possible so that the ROI matching and higher than CPF rate of 2.5%. 

CPF - Closing Status 9 Nov

This week under CPF portfolio l have invested into Wilmar 1 lot as l felt that it's share price has stabilized after recent months and weeks of sell down.  But its share price did went down further slightly and that's when l felt that perhaps l was wrong to re-invest into it so l have letting it go within the same week.  Another reason to sell was because I have also thought that it would post another set of bad results. 

When Wilmar announced its latest results this week and on quarter-to-quarter basis, both sales and profit have improved.  l will not look at its results versus previous year as that's already kind of obsolete.  With an improved quarter on quarter sales and profit then l do feel that perhaps l can consider accumulate it as and when its share price weakens.

For now, due to incorrect prejudgement so l have to suffer a small loss of $13 when l bought and sold Wilmar 1 lot in the same week itself.



Portfolio walk since previous posting :-

-$8,189 Total Returns as of 12 Oct

-$13 Loss on Wilmar investment and divestment  

-$128 Unrealised positions worsened

-$8,331 Total Returns as of 9 Nov

previous journal :- CPF - Closing Status 12 Oct

Thursday 8 November 2012

Hoping to catch Wilmar below $3

Invested into Wilmar 1 lot this week because l thought its share price seems to have already dropped a lot.   But when l saw that it got hit to an even lower price level so that's kind of shaken me a bit.  Managed to sell it away today but l have miscalculated on the break even price level so l have to bear a small loss for it.

It will be releasing its results soon; probably tomorrow - 9 Nov.   I sensed it to be another set of weak results.

Will re-invest into Wilmar when its price going to a lower level - perhaps below $3.   

Tuesday 6 November 2012

Hasty move on Sembcorp Marine

I have added Sembcorp Marine 2 lots yesterday.  It was really an unwise and hasty decision made.  Everyone know by now that it posted a disappointing Qtr 3 Revenue and Profit.  Future outlook does not look good as well as it admits that margin on projects in hand are low.   

I do really need to wise up in order not to continue using up my funds in 'wasteful' investment.  Anyways,  l can still sleep well knowing that Sembcorp Marine will not just discontinue operating overnight as it has good and strong sponsor.

Need to study harder into prospective companies to invest from now. 

Monday 5 November 2012

Investing status 2 Nov

Started my active investing on 23 Sep 2011 week and it is already one year and a month in the 2 Nov 2012 week.



This week my total realized achievement finally hit the $10k mark at $10,257.

Biggest help is coming from SRS portfolio which contributed $4,757; mainly from divestment gains.  So, is trading better and investing for dividend yield?

There were much lesser activities on CPF portfolio but it is the next big contributor at $3,387; mainly from dividends received.  So, is investing for dividend yield better than trading?

I am much disappointed with Cash portfolio as it brought in the least at $2,113; all of it from dividends received.  Trading is big letdown because of very costly investment strategies errors happened.

Both investing for dividend yields and short term investing (trading) have their merits and they complement one another to let me achieve my $10k mark on total realized amount.  

Realized amount at $446 per month as l have back dated my investment calendar to start from 01.01.2011.  But if using active trading basis (of one year and one month duration) then my Realized amount will be at $789 per month.  


Sunday 4 November 2012

SRS - a quick snapshot 2 Nov

Total realized amount in SRS portfolio moving up slowly and steadily :-


 

Cash - a quick snapshot 2 Nov

Total realized amount in 2012 is back to positive again (from previous week) because of divestment gain and dividends received in this week.


I cannot help feeling that the harder l tried improving the total realized amount in Cash portfolio that at the end of the day it is still disappointing me each time.  I have almost one full year in 2012 and total realized amount is only at $243.  But it was only around three months of active investing in 2011 and l was able to achieve $1,870 of total realized amount.

Cash - Closing Status 2 Nov

Received a cheque this week for my Cash portfolio of $120 dividends from UMS.

Also this week l have added M1 4 lots when its share price weakened.  But l did not catch it at its lowest share price level.

With M1 at 9 lots in hand, l do feel that l have over relying to just one share counter which is not a wise thing to do.  When its share price started to move higher on Friday so l have decided to sell them all for a gain of $163.  Also, this is because its next dividend is still very far away (XD in April'13).



Portfolio walk since previous posting :-

-$51 Total Returns as of 25 Oct

+$163 Gains on sales of M1

+$120 Dividends from UMS

-$596 Unrealised positions worsened

-$364 Total Returns as of 2 Nov

previous posting :- Cash - Closing Status 25 Oct

Saturday 3 November 2012

SRS - Closing Status 2 Nov

For the SRS portfolio this week, l sold off SingTel 3 lots for a gain of $83 in order to free up funds for re-investment into other counters.  SingTel will announce its results on 14 Nov so if l might want to get into it again if and when its share price level is right.  l think there's enough time to catch its dividend which XD on say, 21 Dec.

I could not help myself to get into SingPost 12 lots again when its share price went lower.  But this time round its share price did not move much higher and there seems to be some selling pressure the whole of this week.  But the selling pressure is not solely on SingPost as it is quite wide spread; hitting Reit and telecom counters too. 

SingPost released its Qtr 2 results this week and hence it is probably now "sell on news"?  Nothing significant adverse with its results.  Revenue is higher by a single digit but its Operating Expenses is higher by double digit and this resulted into a flat Net Profit.

So, l have sold off all 12 lots within the same week for a very small gain of $25.  Will definitely re-invest into SingPost as it is a good stock to lock in my funds for a stable and steady dividend income.




Portfolio walk since previous posting :-

+$3,442 Total Returns as of 25 Oct

+108 Gain on sales of SingPost and SingTel

-$453 Unrealised positions worsened

+$3,097 Total Returns as of 2 Nov

previous posting :- SRS - Closing status 25 Oct
 

Friday 2 November 2012

Loyz Energy onward bound

Loyz finally divest its sanitary ware business for S$9 million in order to fully focus on growing in what is known as upstream energy business.  The sanitary ware division will be sold off to none other than Loyz's Chairman and MD, Mr Sim Siang Choon but this divestment is currently still pending shareholders' approval.  Mr Sim's wife and brother in law are likely to continue running the sanitary ware business.  Probably it is too sentimental for Mr Sim and family to let go of the sanitary ware business or they are not able to find a willing buyer to fork out S$9 million for it?

On energy business, its investment in the US is the only one bearing fruit now as it is in a ready production environment.  But Loyz stake in the US venture is only at 20% so this is unlikely to be enough to cover its overall losses.   Loyz has been in India for oil and gas exploration and development since May 2008 and it is possible for revenue to start coming in current financial year 2013.  Do not bank on its Australia and New Zealand exploration to contribute any revenue as much still needed to be done in both exploration and development works.

Let's hope that Loyz is spending its Chairman and MD's "capital injection" in a much prudent manner.  Let there be not another funds raising exercise in the coming months.  There's no turning back now as it is embarking an outward bound journey to the horizon.

For now, Loyz started into financial year 2013 (1Q2013) bleeding.  




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