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Saturday 24 August 2013

SRS - Closing status 23 August

For this week under SRS portfolio l have invested into Cache Logistics 1 lot in this week.  Good results for 2Q2013.  DPU grew by 8.4% even though unit base got increased after its recent private placement in Mar'13.  No logistics warehouse (properties) renewal risk in 2013 as all expiring leases have been renewed.  Next leases renewal happening in year 2014 is for a small gross floor area of 6%.

Invested into Rickmers Maritime 18 lots for SRS portfolio in this week.  Reasonably good 2Q13 results.  Fleet utilization was at 99.7% in 2Q13.  It continue to successfully deleverage resulting in a stronger balance sheet.   Freight rate restoration started in July and a further freight increase have happened in August.  Assuming annual dividend rate maintained at US$0.024 then l can expect a 11% yield.

Got into Asian Pay TV 3 lots under SRS portfolio after it went XD in this week.  It's a small investment amount of $2.5k and l will certainly looking forward to a 10.8% dividend yield from it.  

Portfolio walk since previous posting :-

+$6,143 Total Returns as of 16 Aug

-$1,102 Unrealised positions worsened

+$5,041 Total Returns as of 23 Aug

previous posting :- SRS - Closing status 16 Aug

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