Cash - Closing Status 28 Dec

The postman delivered two cheques to me this week for my Cash portfolio and they were dividends received from UMS for $120 and First Reit $31.

I have invested into First Reit 3 lots in the week of 16 Nov and have intended to keeping it as passive income stream just in case l am stuck with this investment in a bear market .  For next year. its dividends XD dates and dividend rates (if maintained same as in year 2012) in the 1st half year are in Feb'13 of $0.0193 and in Apr'13 of $0.0193 so, totalling to dividend rate of $0.0386.  If l hold on to it till its XD date in Apr'13 then l can expect a dividend amount of $116 (3 lots x $0.0386); out of which $31 have already been paid in advance and received in this week (as stated in the above).   In this week l have sold away my 3 lots holding of it for a gain of $93; and adding this profit with the dividend received $31 then total collected is at $124.  So, in a way l have already collected two periods (Feb'13 and Apr'13) of dividends in advance. 

Portfolio walk since previous posting :-

+$10 Total Returns as of 21 Dec

+$93 Gain on sales of First Reit

+$151 Dividends received from UMS and First Reit

+$371 Unrealised positions improved

+$625 Total Returns as of 28 Dec

previous posting :- Cash - Closing Status 21 Dec

CPF - Closing Status 28 Dec

I have sold off Wilmar 1 lot under my CPF portfolio this week for a nett loss of $3,075.  I do not know how long will be needed to recoup this loss. 

The clean-up for my CPF portfolio will continue into year 2013 and l will have to suffer another big loss when it happens.

Portfolio walk since previous posting :-

-$7,777 Total Returns as of 7 Dec

-$3,075 Loss on sales of Wilmar

+$3,843 Unrealised positions improved

-$7,009 Total Returns as of 28 Dec

previous journal :- CPF - Closing Status 7 Dec

SRS - Closing Status 28 Dec

For my SRS portfolio this week, l have sold away Pac Andes 25 lots for a gain $67.  Dividends rate of 0.30 cents was declared during its full year results as announced on 26 Nov but payment date is yet to be determined and this likely to happen around Feb'13 to Apr'13. 

The nett gain of $67 came very close to the expected dividend payment of $75  (25 lots x 0.30 cents per ordinary share) so l am happy with this outcome.  This is as good as l am getting paid on the divivend payment which is approximately three months ahead; and l can also re-invest on the proceeds. 

Portfolio walk since previous posting :-

+$3,617 Total Returns as of 21 Dec

+$67 Gain on sales of Pac Andes

+$256 Unrealised positions improved

+$3,939 Total Returns as of 28 Dec

previous posting :- SRS - Closing status 21 Dec

Au revoir Wilmar

After hanging on to Wilmar for two years and one month, l have sold it off this morning at a huge loss of $3.1k.  Strange though that l am still having the splitting headache.  Probably it is due to Wilmar’s share price is still going up and l have sold it off at a lower price level; and its share price is likely to continue with upward swing?  

Perhaps it’s better to let bygones be bygones.  One down so another one more to go .....

SRS - Closing Status 21 Dec

In this week for my SRS portfolio I have sold off QAF 3 lots for a nett gain of $48.  Its next dividends is very far away, with XD date in May'13 and it is estimated to be at dividend rate of $0.04.  For 3 lots and at dividend rate of $0.04 l am targeting to get an advance dividends of $120.  With this week nett gain of $48, l will still have 60% to-go to achieve the advance dividends of $120.

Its final quarter or full year results is expected to be released end of Feb'13.  And it is likely to be a set of bad results. For nine months, its revenue came in flat versus year ago; profit was off by 47% compare to previous year.  Should QAF issue a profit advisory statement prior to its full year results in Feb'13?  Well, it did so already during 3Q12 results release whereby it lamented over volatility of raw material prices, regional markets and economies in the next twelve months and hence profit level for FYE 2012 will be lower.  Hence QAF will either maintain final dividend rate of $0.04 but l do expect it to lower it to $0.03 or much lower.

Portfolio walk since previous posting :-

+$3,509 Total Returns as of 14 Dec

+$48 Gain on sales of QAF

+$60 Unrealised positions improved

+$3,617 Total Returns as of 21 Dec

previous posting :- SRS - Closing status 14 Dec

Advance dividends on CDL Hospitality Trusts

On CDL Hospitality Trusts, l have overlooked the fact that l have already collected its dividends in advance which is expected to XD in Feb'13 at the estimated dividend rate of $0.0571.

On CDL HTrust and after its XD date in Aug'12, l have several times of re-investments into it using both Cash and SRS of lot sizes between 2 lots to 5 lots. 

Per estimated dividend rate $0.0571 and for its next XD date in Feb'13, l was hoping to receive dividends between $114 to $286 on 2 lots to 5 lots of investment into it.

Total dividends collected to-date is $293.  On 2 lots, this is 2.6 times or 156% of advance dividends collected.  And on 5 lots, it is the expected advance dividends l was hoping to achieve.

My investment style is to always selling away stocks whenever they are already in profit status. This is akin to trading but trading is not really the original intent.  The many times of re-investments on CDL HTrust were necessary because there were too many uncertainties in the world economy, politics, etc. and also the stock market was sort of moving sideways.  By many times of re-investments l am actually making my available funds working much harder to get the advance dividends.

 

Cash - Closing Status 21 Dec

My last Cash portfolio activities was on 23 Nov on there was a divestment activity on CDL Hospitality Trust back then.  This week l have re-invested into CDL HTrust 5 lots.  l will write a separate journal on this counter to review the advance dividends l have collected till its next dividend XD date in Feb'13.

Portfolio walk since previous posting :-

-$333 Total Returns as of 23 Nov

+$343 Unrealised positions improved

+$10 Total Returns as of 21 Dec

previous posting :- Cash - Closing Status 23 Nov

Spiltting headache over Olam and Wilmar

I am in quite a dilemma with both Olam and Wilmar shares in my CPF portfolio.  Both were purchased in Nov 2010 and are in paper losses positions.  As of 19 Dec, combined paper losses are at $8.2k or 72% of total paper losses under CPF portfolio. 

Their share prices are taking baby steps improvement and l do not think it is possible for them to go back up to the share prices levels during Nov 2010 time.  So, l will have to bite the bullet soon as their share prices are showing some improvement now.  It’s now or never?  Or should l wait further, into 2013?  Decisions, decisions, decisions ......

Random thoughts

I have been thinking ...

There are many passive income investors out there holding on to their paper profit status shares.  The reason for this could be because of their busy schedules and not having the time to monitor both the new investments and divestments of shares frequently.  Or simply for the sake of these paper profit status shares will make them looking really good on the metrics?

If it is the former than it is justified.  They are many investors out there whom does not have the luxury of time to monitor the share price movement every now and then and hence trading is not a good choice but long term investing is the only answer.  Relying on brokers to do the monitoring work?  Probably workable if you are giving good commissions to your broker by doing many buy and sell trades.

If it is due to the latter then it is really not being fair to oneself.   As an example, if l have 20 lots of SingPost which was bought at the price of $0.95 and it is sold off at $1.15 then my nett gain will be $3849.  However, let's say l hold on to it for the dividends at this year's total payout of $0.0625 then l will get $1250 of total dividends.  For ease of calculation so let's assume that the total dividends payout in every year is at $0.0625.  The $3849 nett gain if l have sold it away is 3 years worth of annual dividends.  Imagine getting paid in advance on 3 years worth of dividends!!!

At annual dividend rate of $0.0625 and if SingPost share price is at $0.95, yield is 6.6%.  When SingPost share price is $1.15, yield is 5.4%.  A passive income investor will now have lesser yield dividend then taking the decision to sell the stock at maximum capital gain which equals to getting an advance dividends, which is  equivalent to 3 years (as mentioned earlier) under one year of investment and at an annual yield of 6.6% locked-in.

A paper gain will make one looks good in terms of total returns, but as its share price climbs higher then its yield starts to deteriorate.   But what if the share price suffers in bear market?  So, its yield will go higher.  But then the question is, does it really matter as yet again it will only makes one looks good in terms of total returns but one is not really becoming richer in terms of psychical actual profit collected.

In summary, if an investor is sitting on a paper gain which is worth more than one year's of dividends and having the luxury of time to monitor the share price then do not get oneself short changed.  Just do it - sell it away to get paid in advance on the dividends; and re-investing into it when its share price weakens.  One can never tell when a particular stock suddenly skive on dividends - for example Popular stock counter recently. 

Investing status 14 Dec

Total realized amount in 2012 is now higher than in 2011 by $1.6k.  But l am not really happy with 2012 performance.  This is because 2011 performance was based on only around three months active investing and trading versus full twelve months in 2012.

l have managed to combine all the stocks details under the three portfolios.  

SRS - Closing Status 14 Dec

For my SRS portfolio this week, l have sold off Mapletree Logistics 5 lots for a gain of $90.  Its next dividend XD is around 28 Jan'13 for $0.0170 per share.  If l keep my holding of 5 lots until its next XD then l will get dividends of $85 ($0.0170 x 5 lots).  I have sold it off within one week of investment and have been paid on its dividends in advance.

CDL Hospitality Trusts dividends XD dates are happening twice in a year - in Feb and Aug months.  The last time l have invested into it under SRS portfolio and sold it off within one week was in Sept'12 for a gain $81 for 5 lots. This week, l have re-invested into CDL HTrust 4 lots under SRS portfolio but again sold it off within the same week for a a gain of $78.  Its next dividends rate is estimated at $0.0571 and having XD date around 4 Feb'13.  For 4 lots to 5 lots and using dividend rate of $0.0571, the expected dividend amount would be $228 to $286; and getting this much of dividends will take me a few rounds of investments and divestments in it.  Till its next dividend XD date l have already collected $159 ($78 + $81) of dividends in advance.

Portfolio walk since previous posting :-

+$2,991 Total Returns as of 7 Dec

+$167 Gains on sales of CDL HTrust and Mapletree Logistics

+$350 Unrealised positions improved

+$3,509 Total Returns as of 14 Dec

previous posting :- SRS - Closing status 7 Dec

SRS - a quick snapshot 7 Dec

Total realized amount for SRS portfolio now at $3,361 in 2012 or $280 per month.  Hope to achieve $300 mark soon.

SRS - Closing Status 7 Dec

Received SRS statement from the bank this week showing dividends received from SGX for $40 in Nov'12.

There have many news about illegal fishing by Pac Andes and its related company in Russian water in recent weeks.  And this has cause its share price been sold off to its 52 weeks low now and l think it is really in badly oversold position.  I reckon that it is normal to face political hurdles in doing businesses in foreign countries and Pac Andes will be able smooth sailing out of this tormenting storm soon.  This week l have invested into  Pac Andes 25 lots under SRS portfolio.

Also this week l have invested into Mapletree Logistics 5 lots under SRS portfolio.  I am not sure what are the impact of its failed divestment of its Woodlands property, the acquisition plan of Wuxi Logistics Park, and the recent 1.15mil new units issued for those participated in the distribution reinvestment plan.  But l do hope it can maintain its full year dividends of $0.0681 so that based on my investment costs in it l will get an annual dividend yield of 6.2%.  But l am likely to sell it away if l can already get one quarter of its dividends in advance.

I have sold off GRP 15 lots in this week under SRS portfolio for a gain of $167.  And l have missed its astronomical volume on Friday and its share price had escalated since then; such is the unpredictable action and direction of share market.  Even though the gain amount was smaller at $167 than if l have sold it off at higher share price on Friday but it was slightly higher than $150 which was the exit selling price target l have set (dividend rate of $0.01 x 15 lots).  In a way, l have been paid in advance on dividends which would XD in Mar'13.

Portfolio walk since previous posting :-

+$3,018 Total Returns as of 30 Nov

+$167 Gains on sales of GRP

+$40 Dividends from SGX

-$234 Unrealised positions worsened

+$2,991 Total Returns as of 7 Dec

previous posting :- SRS - Closing status 30 Nov

CPF - a quick snapshot 7 Dec

Commodities stocks which were bought in year 2010 now representing 74% of paper losses.  It will take many more years before they are profitable again.

Total realized amount steadied from the last time l have reviewed it, at 6.5% returns to-date and at 4.4% returns in year 2012 so far.

CPF - Closing Status 7 Dec

From the investment statement received from the bank this week, l have received dividends from Olam ($120) and SingPost ($138) in Nov'12 month.

Portfolio walk since previous posting :-

-$8,331 Total Returns as of 9 Nov

+$258 Dividends from Olam and SingPost

+$296 Unrealised positions improved

-$7,777 Total Returns as of 7 Dec

previous journal :- CPF - Closing Status 9 Nov

SRS - Closing Status 30 Nov

Just a quick journal to update on SRS portfolio which l have made two sales transactions on SingTel 2 lots (gain of $79) and Starhub 2 lots (gain of $98) in this week.  Their prices went up further but l am okay with smaller profits over a very short period of investing. 

Portfolio walk since previous posting :-

+$1,839 Total Returns as of 23 Nov

+$177 Gains on sales of SingTel and Starhub

+$1,002 Unrealised positions improved

+$3,018 Total Returns as of 30 Nov

previous posting :- SRS - Closing status 23 Nov