SingPost - incorrect input

I have promised myself in the past as a reminder to myself not to make unnecessary silly mistake when placing buy or sell order on stocks online.  It's happening again yesterday!

I have SingPost 11 lots under CPF  portfolio and l have sold it all away yesterday but l have entered in error on the quantity as 12 lots.  Not knowing what's next so l have requested for my Dealer for help; and was advised that there will be a buy-in this coming Monday for SingPost 1 lot to cover the overselling.

Such a silly mistake.  Not sure if there is any penalty to pay; l do hope not.  Besides the unknown penalty amount, l will incur the usual brokerage fees and cpf agent bank fees on the 1 lot oversold so this will be super costly to me. 

City Developments, donations, blah blah

City Developments share price is currently at intra-day high of $11.69.  But unfortunately l have already offloaded it a day earlier from both my SRS and Cash portfolios for a small gains.  I probably need to master the technique for being more patient on growth stocks otherwise l should stick to my usual dividend stocks and plan my exit selling price accordingly. 

I have used the small profit from sales of City Developments in my Cash portfolio for two charity donations made late last evening; the amount donated exceeded the profit on City Development.

Will l ever invest into growth stocks in the future.  Possibly.  But l know l will likely looking for the door to exit just when the excitement starts.  I can never get rich this way; and this results in my donation to charities will not be much.       

Advance dividends from CDL Hospitality Trusts

CDL Hospitality Trusts reported a good set of results and declared a dividend rate of $0.0562 which is almost par to dividend rate l have estimated at $0.0571.  But the amount of total advance dividends l have collected was more.

For now, investors wanting to be paid on its dividends need to wait for it to go XD in early Feb'13.

Past related postings :
Cash - Closing Status 4 Jan
Advance dividends on CDL Hospitality Trusts

Caritas Singapore Community Council

Donated $50 to Caritas Singapore Community Council this evening.

>>>>>>>

Caritas Singapore is the umbrella body for 23 Catholic charities and community groups whose work touches the lives of more than 50,000 beneficiaries regardless of race, language or religion. Caritas Singapore seeks to build a common chest to help with the work of these organisations so that they can focus on what they do best - serving the people in need.

The organisations under the umbrella of Caritas Singapore support a wide array of causes such as the poor, children, youth at risk, families, prisoners, elderly, sick, people with life-limiting illnesses, people with HIV/AIDS, those with disabilities, migrant workers, people with legal and medical needs.

There are more than 70 programmes run by these organisations aimed at helping the people in need. Programmes and services include soup kitchen, financial assistance, residential care, shelters, befriending, counselling, palliative care, student care, skills training etc.

Muslim Missionary Society Singapore

Donated $50 to  Muslim Missionary Society Singapore this evening.


>>>>>

Muslim Missionary Society Singapore (Jamiyah Singapore) has been engaged in community services since its inception in 1932. This is the 78th year of its services to the community and the nation and mankind. Jamiyah singapore is a Non-Profit and Charitable Organisation .Its services are open to all regardless of race or religion. Its services are focused in the area of education , welfare and community outreach programmes.Its projects include:

Education: Jamiyah Kindergarten, Jamiyah Childcare centre, Global Child Development Centre, Jamiyah Business School, Jamiyah Morl Education Services

Welfare Homes: Jamiyah Children's Home, Jamiyah Home for the Aged, Jamiyah Halfway House, Jamiyah Nursing Home.

Community Out-reach Programmes: Jamiyah Welfare Services, Free Medical Clinic, Free Legal Clinic, Women and Youth Programme, Jamiyah Counselling Centre.

Inter-racial Harmony Programmes: Organising seminars, conference, workshops,special talks exhibition and exchange programes for promoting inter faith and inter racial harmony. Touch of harmony programme of Jamiyah has been launched since 2004 as a platform for promoting peace and harmony among youth at global level.

Investing status 31 Dec

Looking at year ending 31 Dec 2012 performance, l am anticipating another bad year in 2013.  Too pessimistic? No, as it is more of a realistic view on the likely outcome.

Reason for bad performance in 2012 was mainly due to bad investments into poor fundamental stocks.  I am biting the dust again in 2013 when l let go on a bad investment made in 2010 which resulting in a loss of $5k, very soon.

Cash - Closing Status 25 Jan

In this week under Cash portfolio, l have sold away First Resources 6 lots for a gain of $312.  If its share price weakens again l will likely re-invest into it as it is really a company of bountiful growth prospects.  Management focuses operations in a country it is most familiar with i.e. Indonesia and hence having the ability to (1) sniff out white areas for future growth and (2) knows where and how to tap into cheap resources which lowers its running costs.

Portfolio walk since previous posting :-

+$1,256 Total Returns as of 18 Jan

+$312 Gain on sales of First Resources

+$278 Unrealised positions improved

+$1,847 Total Returns as of 25 Jan

previous posting :- Cash - Closing Status 18 Jan
 

SRS - Closing Status 25 Jan

The recent sell down on property stock counters because of property cooling action by Singapore Government seems to have settled.  So in this week I have added to my SRS portfolio on City Developments 2 lots. 

For my SRS portfolio this week l have also invested into Ascott Reit 7 lots.   Before announcement of its full year results there was a large sell volume at $1.42 price level.  And it is still the same large sell volume at $1.42 price level even after Ascott announced a good set of results in this week.  This is probably noises which l should really ignore but the uncomfortable feeling of this weird situation kept buzzing in my mind that l have finally decided to sell it away in this same week.

Portfolio walk since previous posting :-

+$4,789 Total Returns as of 18 Jan

+$36 Gain on sales of Ascott Reit

+$371 Unrealised positions improved

+$5,196 Total Returns as of 25 Jan

previous posting :- SRS - Closing status 18 Jan

Cash - Closing Status 18 Jan

For this week under Cash portfolio, l have done both investment and re-investment into City Developments.  My first investment into City Dev 1 lot was on Tuesday when its share price was hammered down quite severely two days in a row.  l did not manage to invest into it at lowest price level though.  When its share price recovered in the next few days then l felt that l can already divest it away for a nett gain of $231.  I have decided to re-invest into City Dev 2 lots in the same week on friday.  Its current share price is 14% off from its 52 weeks high.  43% of its revenue are from outside Singapore so there is continuity of revenue stream even when its Singapore segment have been badly hit.  The property cooling measure was announced in Jan'13 so any adverse impact will not be included in its 2012 full year results to be released end Feb'13. 

Also in this week, l have invested into First Resources 6 lots.  Its current share price is 17% off from 52 weeks high.  Its dividend rate is not so great but is on an increasing trend since 2010.  Businesses are strictly based in Indonesia, First Resources is an undiscovered gem and an exciting company to invest in.  

Portfolio walk since previous posting :-

+$944 Total Returns as of 4 Jan

+$231 Gain on sales of City Developments

+$81 Unrealised positions improved

+$1,256 Total Returns as of 18 Jan

previous posting :- Cash - Closing Status 31 Dec
 

SRS - Closing Status 18 Jan

For my SRS portfolio this week l have added Sing Investments 7 lots. 

Its 9M2012 results was 6.2% lower versus year ago due to erosion of interest margin from the intense competition in the lending sector and also the prolonged low interest rate environment.  To counter this Sing Inv reduces staff bonus provisioning in order to reduce its operating expenses.  However pat is still lower comparing it to year ago, because of $8m bad loans write-back during 9M2011; otherwise pat for 9M2012 will be flat versus 9M2011.

Sing Inv pays dividends only once in each year.  It reduced dividend rate by $0.03 in 2011 when full year revenue and profit before impairment losses dropped by 25% and 40% respectively.   Still I am hoping for Sing Inv to maintain its dividend rate same as last year at $0.07 so that l can get 5.0% yield based on my investment cost in it this week.  Its share price is not far away from its 52 weeks low so l am also hoping that this is already the floor and any further downside from current price level is limited.

Portfolio walk since previous posting :-

+$4,818 Total Returns as of 11 Jan

-$29 Unrealised positions worsened

+$4,789 Total Returns as of 18 Jan

previous posting :- SRS - Closing status 11 Jan

CDW never say die

CDW is showing prove to sceptic like myself that initially it was down but it's certainly not out.

After posting dismal Qtr 1 results (y-o-y revenue -19.1%, pat -124.7%), it bounced back strongly with goods results in both Qtr 2 (y-o-y revenue -6.8%, pat +158.7%) and Qtr 3 (y-o-y revenue +45.9%, pat +191.6%). Unlike year ago results when revenue was flat but this year its revenue showed interesting growth quarter on quarter (Qtr 1 $31m, Qtr 2 $40m, Qtr 3 $62m).

Major contributor on revenue growth in this year is from its biggest business segment - LCD backlight; because of the mass production of a new model of LCD backlight unit for gameset which started in 2Q12.  Be warned however that CDW might not be able to keep up this sterling performance unless the mass production of new models can be started and orders are placed in early current quarter 1Q13 before the existing models are being replaced by new models.

Weak performance in its Office Automation segment whereby its revenue lowered by 22.7%.  It recorded an operating loss of $1.9m in 9M2012 comparing to an operating profit of $1.2m in 9M2011 before any unallocated corporate expenses, interest income and interest expenses.  

For 9M2012, its gross profit margin improved to 23.9%  versus 20.3% year ago because of the margin for new products is normally higher in the beginning but will be subsequently adjusted lower under pricing pressure by customers.  Revenue from one key customer is still quite high at 74% even it has dipped slightly comparing to 78% in 9M2011.  There was a strange $4.731m on Other financial asset in its Sept'12 balance sheet and there is no explaination given for this item.

Interim dividend was quite generous at US$0.005 and looking at its good results in 9M2012 so l can assume it is able to match this rate for its final dividend at US$0.005.  Its share price started its rocket journey on 2 Jan 2013 to reach its dizzying level of 52 weeks high at $0.136 on this friday.  At $0.136 price level and an annual dividends US$0.010 then yield is approximately 9.0%.

9M2012 results was announced on 14 Nov 2012 and full year results will be announced possibly in the week of 28 Feb 2013.  So it is strange that there is such a sudden spike in its share price at the moment.  Volume is building up and is around 5-6 times its normal volume in 2012.  It is possible that traders are eyeing this counter for their speculative play so it is very dangerous to joining them in this game unless an innocent investor knows when to exit; but usually greed is taking over in this feverish rush. At current price level, need to invest (or shall l say, trade) in CDW with both eyes wide open.

CPF - Closing Status 18 Jan

I have finally received the Dec'12 cpf investment statement from the bank and expected transactions in my previous posting came in the same figures.

In my cpf portfolio l have existing counter on Olam 3 lots and and hence l am given Olam Rights of 0.939 lot.  In this week l have sold away my 'nil paid' Olam Rights 0.939 lot for a profit of $34.  I have an intention to sell away my current position on Olam 3 lots some time this year and l would definitely book a huge loss for it; current paper loss status is at $4,777 !!!

I have invested into Capitaland 3 lots this week under cpf portfolio.  Initially the purpose of this additional investment into Capitaland is to do lower cost averaging.  But l could not resist selling the same 3 lots away in the same week for a nett gain of $536.  There is an opportunity to do another lower cost averaging against my current position on Capitaland 4 lots (currently at paper loss status of $707) in some other time when its share price weakens.

Portfolio walk since previous posting :-

-$7,220 Total Returns as of 31 Dec

+$570 nett gain of sales of Capitaland and Olam Rights

+$1,383 Unrealised positions improved

-$5,268 Total Returns as of 18 Jan

previous journal :- CPF - Closing Status 31 Dec

Advance dividends from Mapletree Logistics

Mapletree Logistics just released its Qtr 3 results and announced a dividend rate of $0.0172 which XD on 23 January.  l have invested into it for 5 lots under SRS portfolio in Dec'12 and have divested it all away in the same week at a nett gain of $90.  If l am still keeping it till its XD date on 23 Jan then l will get a dividend amount of $86 (5 lots x $0.0172).  So this is in a way l have already got paid in advance on its dividends back in Dec'12.

That's the beauty of setting an exit selling price, by equating its nett gain to a future dividends.  Not only you get paid in advance on dividends but you can re-invest on the proceeds too.  This way l am making the money work harder and sensibly.  

SRS - Closing Status 11 Jan

For my SRS portfolio this week, l have divested SembCorp Marine 2 lots at a $74 profit.  The purpose of this divestment is to reduce the over reliant on SembCorp Marine from 70% to current 55% of total portfolio.  Unfortunately l have sold it at a much lower price when comparing it to this week's higher share price level.  The other way to reduce over relying on SembCorp  Marine is to do new investments into other stock counters but this is quite a difficult task as almost all stocks are so expensive now.

Portfolio walk since previous posting :-

+$3,820 Total Returns as of 31 Dec

+$74 Gain on sales of SembCorp Marine

+$924 Unrealised positions improved

+$4,818 Total Returns as of 11 Jan

previous posting :- SRS - Closing status 31 Dec

Cash - Closing Status 4 Jan

For this week under my Cash portfolio l have sold away CDL Hospitality Trust 5 lots for a nett gain of $84.  Its share price moved higher after l have sold it away but l am okay with it as there is always another chance of re-investing into it.  

 I have already achieved getting paid in advance on its dividend for its XD date in Feb'13 so l am now targeting a nett gain which equals its subsequent XD date in Aug'13.

Portfolio walk since previous posting :-

+$356 Total Returns as of 31 Dec

+84 Gain on sales of CDL HTrust

+$504 Unrealised positions improved

+$944 Total Returns as of 4 Jan

previous posting :- Cash - Closing Status 31 Dec

Cash - a quick snapshot 31 Dec

For my Cash portfolio in 2012, l have made two sales and purchases orders errors due to incorrect orders entered.  Managed to divest on sales which was incorrectly entered as purchase at break even; but have to suffer -$322 on purchase which was incorrectly entered as sales.

I have paid $7,673 as investment lessons which were due to bad investments made.

Because of the placing orders mistakes and bad investments made so l have ended 2012 at -$1,035 versus $1,187 nett gain in 2011 on investments and divestments activities.  l am hoping not to get into these costly mistakes again in 2013.

Dividends collected was much higher in 2012 at $2,034 comparing to $682 in 2011.  

Cash - Closing Status 31 Dec

This posting on my Cash portfolio is just to record the finals numbers achieved for year ending 31 Dec 2012.

Portfolio walk since previous posting :-

+$625 Total Returns as of 28 Dec

-$269 Unrealised positions worsened

+$356 Total Returns as of 28 Dec

previous posting :- Cash - Closing Status 28 Dec

SRS - a quick snapshot 31 Dec

For my SRS portfolio, investments and divestments activities rose to $2,661 for full year ending 2012 versus $987 achieved in year 2011.  There was only one bad investment decision in a Reit company which was divested at a loss of $606 in Feb'12.

On dividends, the amount collected in 2012 ($982) came in quite close to 2011 ($995) amount.

Paper losses improved from -$6,326 in 2011 to -$1,806 in 2012 but l am not really bother by it as these are dictated by usual share price fluctuations of ups and downs and not due to any going concerns problems in the companies.


It was a good 2012 year for my SRS portfolio and l hope to achieve an even better results in 2013.

SRS - Closing Status 31 Dec

As of today, l am still waiting for my Dec'12 SRS statement from the bank.  But l do not think there are any unknown transactions so l am now posting this journal to record my SRS porfolio status as of year end 2012.

 Portfolio walk since previous posting :-

+$3,939 Total Returns as of 28 Dec

-$120 Unrealised positions worsened

+$3,820 Total Returns as of 31 Dec

previous posting :- SRS - Closing status 28 Dec

CPF - a quick snapshot 31 Dec

In year 2012, total dividends collected was at $1,266 which was almost par with year 2011 (at $1,217). 

My investments and divestments activities generated -$1,855 in year 2012 versus 2011 (at -$58) which was mainly due to a write-off at a loss of $3,075 on a bad investment made in 2010.  If not for this write-off then l would ended 2012 at a nett gain of $1,220 (-$1,855 + $3,075) on investment and divestments activities.  As though l have a crystal ball but l already know that l will have another big write-off in this year (2013) which is also due to another bad investment made in 2010.   

The write-off at a loss of $3,075 was a blessing in disguise as the paper loss status improved from -$15,860 in 2011 to -$7,789 as year end of 2012.

CPF - Closing Status 31 Dec

I have yet to receive my cpf investment statement from the bank for Dec'12.  Even though l do not have visibility of the movements in my cpf investment account for Dec'12 but l have estimated it now in this posting.  I am expecting dividends from SPH for $26 and a quarterly cpf investment account charges of $13.

Portfolio walk since previous posting :-

-$7,009 Total Returns as of 28 Dec

+$26 Dividends from SPH

-$13 quarterly bank charges on cpf investment account

-$224 Unrealised positions worsened

-$7,220 Total Returns as of 31 Dec

previous journal :- CPF - Closing Status 28 Dec