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Sunday, 3 February 2013

Cash - Closing Status 1 Feb

For my Cash portfolio this week, l have sold away City Developments 2 lots for a small nett gain of $63.  This nett profit could have been much higher (around 10-12 times more) if l have sold it off in 1-2 days later.  l am not cut into investing in growth stock yet as l realized that l have not mastered the art of being more patient.

My oldest stock holding under Cash portfolio is Hock Lian Seng 6 lots, which l have invested into it in Feb'12.  Its 9M2012 results were quite disappointing.  Revenue and Profit were off 43% and 22% respectively versus YAGO.  So there is a high chance for it to lower its dividend rate when full year results is released some time 3rd week of Feb'13.  It claims strong cash flow but it is really because of a long term borrowings of $60.5 mil as of 9M2012.  l suspect the borrowings amount is very likely to increase further when it release its full year results.  l have sold away Hock Lian Seng at break even in this week.  Over the one course of one year holding in it, l have collected $120 dividends; and adding to the small profit of $5 to it, total yield over the invested cost is 7.6%.  Not so bad after all.

Also in this week l have made two random donations of $50 each to Caritas Singapore Community Council and Muslim Missionary Society Singapore.



Portfolio walk since previous posting :-

+$1,847 Total Returns as of 25 Jan

+$67 Gains on sales of City Developments and Hock Lian Seng

-$100 Donations to Muslim Missionary Society Singapore and Caritas Singapore Community Council

+$324 Unrealised positions improved

+$2,138 Total Returns as of 1 Feb

previous postings :- 
Cash - Closing Status 25 Jan
City Developments, donations, blah blah

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