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Sunday, 3 March 2013

SRS - Closing Status 1 Mar

Sold away my holding in New Toyo 2 lots in this week under SRS portfolio at break even (minimal loss of -$1).  It reported lower revenue and profit comparing to last year for quarter 4.  l will look at New Toyo performance at half time in 2013 to see if it is worth investing in this company going forward.

In this week l have also added GRP 21 lots for my SRS portfolio.  At half time, revenue was flat +1.0% and profit +17.1%.  GRP declared an interim dividend of $0.05 ($0.01 + special $0.04).  Its XD date in not known yet.  And if it maintain final dividend at $0.01 then dividend yield will be 17.6% based on my investment cost in it.

Also for my SRS portfolio l have invested into GLP (Global Logistic Properties) 5 lots in this week.  Government of Singapore Investment Corp. (GIC) recently reduced its stake in GLP to 37% from 49%.  This is part of GIC rebalancing of its holdings so l reckon there is really nothing fundamentally wrong with GLP.

Portfolio walk since previous posting :-

+$5,527 Total Returns as of 22 Feb

-$1 Loss on sales of New Toyo

-$215 Unrealised positions worsened

+$5,311 Total Returns as of 1 Mar

previous posting :- SRS - Closing status 22 Feb

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