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Saturday, 20 July 2013

SRS - Closing status 19 July

Divested Mapletree Commercial Trust 2 lots in this week under SRS portfolio at a gain of $46 or yield of 1.9% based on my investment costs in it.   Assuming that its next dividend is having same XD date as last year 31 July and also same dividend rate $0.01537 then the $46 gain is 1.5 times more than the expected dividend amount; $46 = 2 lots x dividend rate $0.01537 x 1.5 times.  And l have already collected its dividend in advance in this week rather then waiting for its payment date on 29 Aug (assuming same as last year).  The proximity of its four properties locations are very near to one another and are very much sought by businesses - PSA building, VivoCity, Bank of America Merrill Lynch HarbourFront,  Mapletree Anson (near to Tanjong Pagar mrt station) so, there is little chance with leases renewals problems.  Will re-invest into it again when its share price weakens further.

Re-invested into Frasers Centrepoint Trust (FrasersCT) 2 lots in this week; for the 3rd time within one month under SRS portfolio.  In the last two rounds (in current July'13 month) l have already collected in advance on its soon to be announced dividends by almost 1.7 times more.  Hope to be third time lucky with the latest re-investment in this week.  Otherwise l will be forced to take on a normal passive income investment route instead of an "accelerated" passive income investment style if its share price weakens further in the coming days and weeks.

Added CDL Hospitality Trusts (CDL HTrust) 2 lots under SRS portfolio in this week.  So my total holding in it now at 4 lots.  Its share price like all other business trusts and reits have been under heavy selling pressure of late.  Further downside on CDL HTrust share price is quite limited from here.  If it keeps getting lower on its share price then l will just keep it for passive income investment so, it becomes a forced passive income investment.  Of course, l do very much want it to be an accelerated passive income investment type even though doing so can be easily mistaken as trading (which is not my cup of tea really).  


Portfolio walk since previous posting :-

+$7,695 Total Returns as of 12 July

+$46 Gain on sales of Mapletree Commercial Trust

-$549 Unrealised positions worsened

+$7,192 Total Returns as of 19 July

previous posting :- SRS - Closing status 12 July

3 comments:

  1. What price do u think is attractive for mct?

    ReplyDelete
    Replies
    1. dividend rate likely to go up when it release Qtr 1 results on July 24 after 5pm with the completion of mapletree anson acquisition. for short term investors it will be interesting to know that it did not go below $1.10 mark and going above $1.25 on two occasions so it's likely to yo-yo within these price range for now. 52 weeks low at $1.025 so it could be re-visited as well but gut feel wise quite unlikely but l could be wrong. what do you think?

      Delete
    2. Hi MH

      Thanks for your insight.

      I am quite bullish in the office sector and mid-bullish on the retail front. MCT does seems to operate and meet both of my criteria. My only worry is that we have seen some Reits going down much from their previous 52 week high, so we might see a downward pressure on the stock. But if MCT could goes down to near the 52 week low as you said, I will be interested to go long on this.

      Delete

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