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Sunday, 20 January 2013

Cash - Closing Status 18 Jan

For this week under Cash portfolio, l have done both investment and re-investment into City Developments.  My first investment into City Dev 1 lot was on Tuesday when its share price was hammered down quite severely two days in a row.  l did not manage to invest into it at lowest price level though.  When its share price recovered in the next few days then l felt that l can already divest it away for a nett gain of $231.  I have decided to re-invest into City Dev 2 lots in the same week on friday.  Its current share price is 14% off from its 52 weeks high.  43% of its revenue are from outside Singapore so there is continuity of revenue stream even when its Singapore segment have been badly hit.  The property cooling measure was announced in Jan'13 so any adverse impact will not be included in its 2012 full year results to be released end Feb'13. 

Also in this week, l have invested into First Resources 6 lots.  Its current share price is 17% off from 52 weeks high.  Its dividend rate is not so great but is on an increasing trend since 2010.  Businesses are strictly based in Indonesia, First Resources is an undiscovered gem and an exciting company to invest in.  

Portfolio walk since previous posting :-

+$944 Total Returns as of 4 Jan

+$231 Gain on sales of City Developments

+$81 Unrealised positions improved

+$1,256 Total Returns as of 18 Jan

previous posting :- Cash - Closing Status 31 Dec

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