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Blog Archive

Friday 24 May 2013

Cash - Closing Status 23 May

Received a cheque in the mail this week from Mun Siong for $15 which is 1.1% of returns based on my investment costs in it.  I have no plan to increase or selling my 10 lots holding of it at the moment.  l am just taking this investment as if it is a bank deposit. 

UMS is currently having a CD status.  UMS will go XD on 9 July and payment will be made on 26 July.  I have sold all of it away this week from my Cash portfolio in order to collect its dividend in advance.  Profit made was at $157 and it is 30% more than the expected dividends which would have been at $120 (12 lots x dividend rate $0.01).  Will re-invest into UMS if its price weakens. 

l have divested Telechoice 20 lots for a profit of $568 and this is about 11% away from its two year's worth of annual dividend; last paid annual dividend rate $0.016 x 20 lots x 2 years x 89% = $568.  Will re-invest into Telechoice at lower share price level.


Portfolio walk since previous posting :-

+$3,246 Total Returns as of 17 May

+$725 Gain on sales of Telechoice, UMS

+$15 Dividends from Mun Siong

-$900 Unrealised positions worsened

+$3,086 Total Returns as of 23 May

Previous posting :-  Cash - Closing Status 17 May

SRS - Closing Status 23 May

For my SRS portfolio this week, l have divested Telechoice 15 lots for a profit of $467 which is almost close to its two year's worth of annual dividend; last paid annual dividend rate $0.016 x 15 lots x 2 years = $480.   Will re-invest into Telechoice at lower share price level.

Portfolio walk since previous posting :-

+$6,194 Total Returns as of 17 May

+$467 Gain on sales of Telechoice

-$172 Unrealised positions worsened

+$6,488 Total Returns as of 23 May

previous posting :- SRS - Closing status 17 May

Monday 20 May 2013

Cash - Closing Status 17 May


Received a cheque of $160 from SembCorp Marine in this week.  Even though l am still stuck with this investment but at least its dividend yield is still better than bank deposit rate.

Decided to invest into CDL Hospitality Trusts 1 lot in this week under Cash portfolio.  As the share market is still in consolidating phase so l have sold it off in the same week for a better than bank deposit rate returns of 1.6%.  If l am ever stuck with my investment in it l will have no regrets as l will consider it a good problem to have due to its reasonably good dividend yield of around 5.5%.  Will look for re-investment opportunity in it.  

Cordlife has been in my radar due to its good results at half time and sure enough the same superb results was repeated for Qtr 3 which as was announced in this week.  But l still think its share price has gone up too high so l have only invested for 1 lot in it.  Even though Qtr 3 was a good set of results but investors still dumped its share on the next day (14 May) and l can safely guess it as due to its failure to declare any dividend at all when comparing to last year's dividend rate of $0.020.  Anyway, it was just a one day sell off of its share as it recovered quickly and to a much higher share price level now.  On Friday it made an after market announcement on  acquisition of cord blood and cord tissue banking businesses and assets in India, the Philippines, Hong Kong and Indonesia and l expect its share price is likely to shoot through the roof on Monday.  However and most unfortunately l have sold it away much earlier in the same week for a much smaller 2.7% profit.

Invested into Tai Sin Electric  2 lots in this week under Cash portfolio.  Its share price dropped by 4.9% on Monday as investors viewed its 9M2013 results announced on last Friday evening negatively.  But its share price was quite well supported from Tuesday onwards.  Investors probably quite concern with its Qtr 3 results as its gross profit margin was at 15.3% when comparing to last year's 19.2%.  But one quarter's bad performance would not mean of the same outcome in Qtr 4.

CM Pacific share price did not drop much after it went XD last week.  And investors stayed almost stayed neutral to its announcement this week that its deal to acquire Jiurui expressway deal in exchange for its New Zealand property business is now called off.  I took the opportunity of this stable condition by investing a very small amount in it for 1 lot.

Despite a bad Qtr 1 results for Telechoice, it is expecting Qtr 2 to be better than previous year and overall full year will be satisfactory.  So this week l have increased my investment in Telechoice by another 16 lots under Cash portfolio. 

Made a small additional investment in Duty Free of 1 lot under Cash portfolio in this week.

Invested into Ascendas India Trusts 1 lot in this week.  It quoted a slightly positive market research report by India based Jones Lang LaSalle so l was quite comforted by this.  But over the weekend l was unhappy to hear that India faces at least "a one-in-three" chance of losing its prized sovereign grade rating by global ratings agency Standard & Poor.  Luckily my investment is small so fingers crossed.

Portfolio walk since previous posting :-

+$2,457 Total Returns as of 10 May

+$51 Gain on sales of CDL HTrust, Cordlife

+$160 Dividends from SembCorp Marine

+$578 Unrealised positions improved

+$3,246 Total Returns as of 17 May

Previous posting :-  Cash - Closing Status 10 May

Sunday 19 May 2013

SRS - Closing Status 17 May

GP Industries share price dropped by 7% after it announced on 15 May that its Qtr 4 will be affected by bad results in its associated company.  I can consider myself lucky as  l have already divested from GP Industries 11 lots at the start of this week for a 1.8% profit over the invested costs under my SRS portfolio.  For now, l am staying away from GP Industries and will be looking at his half time results around Nov'13 time for re-investment decision in it.

Invested into Tai Sin Electric 15 lots in this week under SRS portfolio.  Its share price dropped by 4.9% on Monday as investors viewed its 9M2013 results announced on last Friday evening negatively.  But its share price was quite well supported from Tuesday onwards.  Investors probably quite concern with its Qtr 3 results as its gross profit margin was at 15.3% when comparing to last year's 19.2%.  But one quarter's bad performance would not mean of the same outcome in Qtr 4.

CM Pacific share price did not drop much after it went XD last week.  And investors stayed almost stayed neutral to its announcement this week that its deal to acquire Jiurui expressway deal in exchange for its New Zealand property business is now called off.  I took the opportunity of this stable condition by investing in it for 3 lots.

Despite a bad Qtr 1 results for Telechoice, it is expecting Qtr 2 to be better than previous year and overall full year will be satisfactory.  So this week l have invested in Telechoice 15 lots.



Portfolio walk since previous posting :-

+$5,500 Total Returns as of 3 May

+$93 Gain on sales of GP Industries

+$601 Unrealised positions improved

+$6,194 Total Returns as of 17 May

previous posting :- SRS - Closing status 3 May

Sunday 12 May 2013

Cash - Closing Status 10 May

I have increased my holding of Telechoice 2 lots for my Cash portfolio this week so l have 4 lots of it now. 

In my posting on 26 April l have indicated my intent to sell off SGX 1 lot at break even and this was achieved in this week.  Hope to re-invest into SGX at lower share price level.

Also in this week l have decided to divest my positions in the following :-

UMS
No. of shares : 5 lots; Date of investment : 3-May-13; Nett profit : $13
Remarks :- Divestment was after its XD date so l will be paid on its dividend of $100 (5 lots x dividend rate $0.02) on 29 May.   To re-invest into UMS at lower share price level.

CDW
No. of shares : 11 lots; Date of investment : 1-Mar-13; Nett profit : $47
Remarks : Halved CDW holding in order to lock-in profit.  Nett profit was 50% lesser than the expected dividend which will go XD on 20 May.  Nobody can predict where is the share market heading to so it is better to get back some returns whereby the nett profit of 2.9% (over investment costs) is already better than bank deposit rate.

2nd Chance
No.of shares : 23 lots; Date of investment : 3-Apr-13; Nett profit : $180
Remarks : Announced in this week that Director bought its shares in open market.  I took this opportunity to offload my entire holding in 2nd Chance.  Based on my investment costs in it, nett profit is at 1.9%  which is better than bank deposit rate.

K1 Ventures
No. of shares : 5 lots; Date of investment : 3-May-13; Nett profit : $21
Remarks : Investment costs for 5 lots is less than $1k.  And nett profit is at 2.6% which better than bank deposit rate.


Portfolio walk since previous posting :-

+$1,651 Total Returns as of 3 May

+$261 Gain on sales of SGX, UMS, CDW, 2nd Chance, K1 Venture

+$544 Unrealised positions improved

+$2,457 Total Returns as of 10 May

Previous posting :-  Cash - Closing Status 3 May

Monday 6 May 2013

Cash - Closing Status 3 May

For my Cash portfolio this week l have added UMS 5 lots so my total holding of it now is at 17 lots.  UMS will go XD on 7 May and l hope its share price will not weakens too much after that.  Given its consistent and predictable dividends l certainly think that any pullback on its share price would present a good opportunity to invest in it.  The only concern l have is that UMS is too reliant on its major customer for orders so there is serious consequence should anything bad happen to this major customer. Probably l am such a scaredly-cat as in its recent annual report it said :- " ... our major customer had also indicated that 2013 will be a better year as major investment programs by foundries will likely be announced and performed on the back of increasing demand for personal mobile products such as tablets and smart phones. ..."

I have invested into Telechoice 2 lots this week under Cash portfolio.  Invested amount is very minimal of less than $0.5k and using its recent annual dividend paid then this represents a potential dividend yield of 6.8%.  Its share price movement can be relatively boring (52 weeks high $0.26, 52 weeks low $0.205) but it provides a safe sense of stability when comparing to huge and wild roller coaster type of share price movement in other telecommunication stocks.

Each time Suntec Reit share price drop as in recent past months its share price  never fails to resume climbing upward steadily after that.  This can only mean that there are many investors wanting to own a piece of it and such opportunity comes when there is a pullback in its share price.  In this week under Cash portfolio l have invested into Suntec Reit for 4 lots which perhaps a little excessive so l might reduce it to just 1 lot soon.  Its current asset enhancement works will see its revenue to be lower in its next quarter's financials but more importantly is that its office occupancy rate holding quite well despite Singapore's choppy economic recovery and outlook.

Invested into K1 Ventures 5 lots this week under Cash portfolio.  K1 is into a wide range of investments across diverse industry sectors - 50% in transportation leasing and 50% in Investments (mainly Education, Oil and Gas exploration, Financial Services, Automative Retail, Diversified funds).  There are many well known brand names under Education such as Busy Bees, Learning Vision, Learning Horizon, Pat's School House, The Children's House, Canadian International School of Singapore, Brighton Montessori, K12 Inc.  In its recently published annual report it said :- ".... It was concluded that shareholders were best served by not seeking additional capital and instead focus on the management of the current investment portfolio with the view to maximise shareholder value, and to distribute excess cash as investments are monetised. ....".  There are many powerful names in its board of directors namely Choo Chiau Beng (from Keppel Group), Lee Suan Yew (from Haw Par Group), Teo Soon Hoe (from Keppel Group), Yong Pung How (former Chief Justice of Singapore), Neo Boon Siong (from OCBC, Keppel T&T). At annual dividend rate of $0.015 (interim dividend $0.01 + assumed final dividend $0.005) then l can expect annual dividend yield of 9.3% based on my investment costs for 5 lots.  Will continue to slowly increasing my investment into K1 if its share price weakens.

Portfolio walk since previous posting :-

+$1,942 Total Returns as of 26 Apr

-$291 Unrealised positions worsened

+$1,651 Total Returns as of 3 May

Previous posting :-  Cash - Closing Status 26 Apr

Sunday 5 May 2013

SRS - Closing Status 3 May

l just got invested into SPH last week but l have decided to divest it from my SRS portfolio this week at a nett gain of $179.  The $179 amount even though is around 85% of the actual dividends (3 lots x dividend rate $0.07 x 85%) which will XD on 7 May but l am quite happy with it as l have already collected it in advance (actual dividend payment date is on 23 May) and within a very short investment period.   

Portfolio walk since previous posting :-

+$5,519 Total Returns as of 26 Apr

+$179 Gain on sales of SPH

-$197 Unrealised positions worsened

+$5,500 Total Returns as of 3 May

previous posting :- SRS - Closing status 26 Apr

CPF - Closing Status 3 May

SPH is going XD on 7 May.  But l have decided to liquidate my 2 lots position in it this week under CPF portfolio for a nett gain of $106; which is about 76% of its dividends (2 lots x dividend rate $0.07 x 76%).  l will re-invest into SPH when its share price weakens on pullback.


Portfolio walk since previous posting :-

-$5,759 Total Returns as of 26 Apr

+$106 Gain on sales of SPH

-$453 Unrealised positions worsened

-$6,106 Total Returns as of 3 May

previous journal :- CPF - Closing Status 26 Apr

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