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Sunday, 6 October 2013

Cash - Closing Status 4 October

Divested  UMS 20 lots in this week for a nett gain of $246 using the exit selling price based on the expected dividend amount.  It goes XD on 8th October and dividend payment date is on 29 October.  For 20 lots, dividend amount would have been at $200 = 20 lots x dividend rate $0.01.  The $246 nett gain is higher than the expected dividend amount of $200 and l have added the proceeds back into my war chest.  Also, l have already collected its dividends in advance.

Added Cache Logistics 1 lot in this week under Cash portfolio bringing my total holding in it at 5 lots now.  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%.  I am expecting same good results for 3Q2013 to be released on 23 October and at the same time furnish information of increased investments in China logistics warehouse properties.

Added Mapletree Industrial 1 lot under Cash portfolio for this week so l have total holding of 2 lots of it now.  In its previous 1Q2014 results, it reported higher distributable income which was higher by 9% versus year ago because of higher rental rates secured across all its property segments and achieving higher occupancies.  I am expecting the same good results for its 2Q2014 results to be released on 22nd October.  Based on my investment costs in it l will be getting dividend yield 7.0% per year.

Portfolio walk since previous posting :-

+$4,191 Total Returns as of 27 Sept

+$246 Gain on sales of UMS

-$763 Unrealised positions worsened

+$3,674 Total Returns as of 4 October

Previous posting :-Cash - Closing Status 27 Sep

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