SRS - Closing status 25 October

Increase my position in Asian Pay TV 5 lots in this week so l have total holding of 8 lots now under SRS portfolio.  At the moment, l can expect 11.0% dividend yield for my 8 lots holding in it.   Towards the final hours on this Friday's close, its share price got hammered down suddenly and this can only be the works of traders wanting to earn quick profits.  l have the intention to adding more of it to my holding if its share price weakens further, again.


Divested away Mapletree Industrial 5 lots in this week by using the dividend declared as my exit selling price.  It goes XD on 28 Oct but for this week's divestment which was for a nett gain of $139 then this can be considered as collecting its dividends in advance which is 12% higher than the dividend declared ---> 5 lots x dividend rate $0.0247 x 112% = $139.   

Invested into Mapletree Greater China Commercial Trust 5 lots in this week.  Its current share price is already below its IPO price $0.93 but still above its post-IPO low of $0.83.   Based on my investment costs in it l can expect annual dividend yield of 6.0%.

Portfolio walk since previous posting :-

+$7,966 Total Returns as of 18 Oct

+$139 Gain on sales of Mapletree Industrial

+$85 Unrealised positions improved

+$8,190 Total Returns as of 25 Oct

previous posting :- SRS - Closing status 18 Oct

CPF - Closing Status 25 October

Divested away Mapletree Industrial 4 lots in this week by using the dividend declared as my exit selling price.  It goes XD on 28 Oct but for this week's divestment which was for a nett gain of $118 then this can be considered as collecting its dividends in advance which is 19% higher than the dividend declared ---> 4 lots x dividend rate $0.0247 x 119% = $118.  

l will know the exact investment costs and divestment proceeds when the bank send the CPF Investment statement to me after month end; which l will then make necessary update to the Total Returns.

Portfolio walk since previous posting :-

-$6,602 Total Returns as of 11 Oct

+$118 Gain on sales of Mapletree Industrial

+$613  Unrealised positions improved

-$5,871 Total Returns as of 25 Oct

previous journal :- CPF - Closing Status 11 Oct

Cash - Closing Status 25 October

Increase my position in Asian Pay TV 2 lots in this week so l have total holding of 23 lots now under Cash portfolio.  At the moment, l can expect 10.9% dividend yield for my 23 lots holding in it.   Towards the final hours on this Friday's close, its share price got hammered down suddenly and this can only be the works of traders wanting to earn quick profits.  l have the intention to adding more of it to my holding if its share price weakens further, again.

Made a $30 donation to Singapore Association of the Visually Handicapped in this week.

Reduced Suntec Reit 1 lot in this week by using the dividend declared as my exit selling price.  It goes XD on 30 Oct but for this week's divestment which was for a nett gain of $26 then this can be considered as collecting its dividends in advance which par to the dividend declared ---> 1 lot x dividend rate $0.02289 = $23.  

Added Mapletree Greater China Commercial Trust 5 lots in this week; bringing my total holding in it now at 9 lots.  Its current share price is already below its IPO price $0.93 but still above its post-IPO low of $0.83.   Based on my investment costs in it l can expect annual dividend yield of 5.9%.

Divested away Mapletree Industrial 2 lots in this week by using the dividend declared as my exit selling price.  It goes XD on 28 Oct but for this week's divestment which was for a nett gain of $51 then this can be considered as collecting its dividends in advance which par to the dividend declared ---> 2 lots x dividend rate $0.0247 = $49. 

Invested into Singapore Shipping Corp 3 lots.   It pays dividends only once in a year and have been quite stable at dividend rate of $0.01 since year 2009 which is 4.5% yield based on my invested costs in it. No Singapore finance company or bank can match such high a fixed deposit interest rate (of 4.5%) for a "fixed deposit" amount less than $1k.

Reduced Ascendas India Trust 3 lots so my total holding of it now back to 1 lot.  Achieved $50 nett gain from the divestment for a holding period of only two weeks.  It goes XD on 11 Nov and payment date is 28 Nov.   l am getting 25% lesser on the dividend amount but l am still okay with it ---> 3 lots x dividend rate $0.0224 x 75% = $50.  l can already use the proceeds for other investment opportunity instead of waiting for its dividend payment date on 28 Nov.

Portfolio walk since previous posting :-

+$4,080 Total Returns as of 18 October

-$30 Donation to Singapore Association of the Visually Handicapped

+$127 Gain on sales of Ascendas India Trust, Mapletree Industrial, Suntec Reit

+$399 Unrealised positions improved

+$4,577 Total Returns as of 25 October

Previous posting :-Cash - Closing Status 18 Oct

Singapore Association of the Visually Handicapped

Donated $30 to Singapore Association of the Visually Handicapped

About SAVH

---

The Singapore Association of the Visually Handicapped (SAVH), formerly known as the Singapore Association for the Blind (SAB), is a voluntary welfare organisation, founded in 1951. The association is affiliated to the National Council of Social Service (NCSS) and is an approved Institution of a Public Character (IPC).


Mission

---

To Help the Visually Handicapped Help Themselves.
Our mission is to help the Visually Impaired help themselves by acquiring new skills and gaining self reliance to cope with the integration into society.

 
Vision

---

SAVH is the national voluntary welfare organisation.
Our vision is to promote the needs, interests and aspirations of the visually impaired.

 Objectives

---

• To serve as an Association for the visually handicapped
• To promote the welfare of the visually handicapped in the Republic of Singapore
• To facilitate and encourage greater participation of the visually handicapped in the administration of their affairs and activities and in the management of the Association
• To work towards the abolition of architectural, attitudinal, social, cultural, educational, employment and any other barriers that prevent the total integration and equal treatment of the visually handicapped in the community
• To encourage eye-care and safety and research in the prevention and cure of blindness and related diseases
• To do any or all such other things as are incidental or conducive to the attainment of the above objects and shall include the appeal for funds in aid of the visually handicapped

Who We Serve

---

Singapore citizens and permanent residents of all age groups. They must be certified as having low vision (partial sight), or blind, by an eye specialist or ophthalmologist. This includes people who are born blind as well as those who have lost their vision through accidents or illnesses such as diabetes, hypertension, tumour, eye infection and others.
 

Cash - Closing Status 18 October

Added Keppel Reit 1 lot under Cash portfolio in this week; just before it goes XD this coming Monday 21 October.  My total holding in it now at 2 lots.  It reported a strong and steady performance for 3Q2013; Net Revenue +6.8%, Profit +20%.  No refinancing requirements over the next 24 months.  Strong portfolio occupancy of 99.4% as at 3Q2013.

Added Thai Village 10 lots in this week under Cash portfolio so l have total holding of 11 lots in it now.  It pays dividend rate $0.007 to $0.009 in the last four financial years representing 6.1% to 7.9% dividend yield on the latest and last closing price in this week of $0.114.  Management staff holds around 55% shareholding in it.  It is likely to declare a dividend rate within the range in the last four financial years when reporting its second half year results in Nov'13. 

Increase my position in Asian Pay TV 15 lots in this week so l have total holding of 21 lots now under Cash portfolio.  At the moment, l can expect 10.9% dividend yield for my 21 lots holding in it.   l have the intention to adding more of it to my holding if its share price weakens further, again.

Added Croesus Retail Trust 1 lot in this week under Cash portfolio so my total holding of it now at 3 lots.  Around 1% of leases are subjected for renewals in years 2013/2014; and 26% of leases are for renewals in year 2015.  Unless l am stuck with my investment so l do not really have to worry of year 2015.

Increase my holding in Cache Logistics Trust 1 lot in this week  so l have 6 lots of it now.  Good results back in 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 next Wednesday on 23 October and at the same time furnishing more information of increased investments in China logistics warehouse properties.

Portfolio walk since previous posting :-

+$4,277 Total Returns as of 11 October

-$197 Unrealised positions worsened

+$4,080 Total Returns as of 18 October

Previous posting :-Cash - Closing Status 11 Oct

SRS - Closing status 18 October

Invested into Keppel Reit 2 lots under SRS portfolio in this week; just before it goes XD this coming Monday 21 October.  It reported a strong and steady performance for 3Q2013; Net Revenue +6.8%, Profit +20%.  No refinancing requirements over the next 24 months.  Strong portfolio occupancy of 99.4% as at 3Q2013.

Invested into Mapletree Industrial 5 lots under SRS portfolio for this week.  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 this coming Tuesday 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 :-

+$8,524 Total Returns as of 11 Oct

-$558 Unrealised positions worsened

+$7,966 Total Returns as of 18 Oct

previous posting :- SRS - Closing status 11 Oct

SRS - Closing status 11 October

Invested into Tee International 5 lots in this week before it went XD on 9 October. It has been paying an increasing dividend every year. Dividend rate for 2013 at $0.0315 which translates to a yield of 9.3% on the last closing price this week of $0.34 (year 2012 : dividend rate $0.0235, yield 6.9%; year 2011 : dividend rate $0.0225, yield 6.6%; year 2010 : dividend rate $0.022, yield 6.5%; year 2009 : dividend rate $0.012, yield 3.5%).

Added CM Pacific 9 lots in this week under SRS portfolio, bringing my total holding in it at 12 lots.  Its 3Q2013 to be announced some time 4th week of Oct'13 is likely to mirror previous quarter performance.  It is unlikely l have enough time to divest my shareholding in it in order to collect its dividend in advance so l will be keeping as passive income stream for now.  It goes XD on 18 October.

Added AIMS AMP Industrial Reit 7 lots in this week but have decided to divest away 10 lots of it away in the same week.  l have remaining 4 lots of it now under SRS portfolio.  Have achieved $253 nett gain on the 10 lots divested away.  For its next dividend payment it is likely to XD in the 1st week of Nov'13 and payment date in the 2nd or 3rd week of Dec'13.  l have estimated its dividend rate same as last year at $0.025 so, on 10 lots l would be getting dividend amount $250 = 10 lots x dividend rate $0.025.  The nett gain $253 amount is par to the estimated dividend amount $250 and l have already collected it in advance.

I have actively started using SRS funds for stock investing since Sept'2011 and l have already locked-in $11,391 realized gain.  In Nov'13 and Dec'13 l am expecting to receive dividends amounting to $751.  Current SRS contribution cap is $12,750 and within 2 years and 2 months (Sep'11-Dec'13) l will achieve realized gain of $12,142 (locked-in realized gain $11,391 + dividends in Nov'13/Dec'13 $751).  Something like, invest for two years and getting one year of SRS contribution cap amount free.  And the amount deposited into SRS account with the bank allows one to claim for tax relief.

Portfolio walk since previous posting :-

+$7,646 Total Returns as of 4 Oct

+$253 Gain on sales of AIMS AMP

+$626 Unrealised positions improved

+$8,524 Total Returns as of 11 Oct

previous posting :- SRS - Closing status 4 Oct

Cash - Closing Status 11 October

Invested into Tee International 5 lots in this week before it went XD on 9 October. It has been paying an increasing dividend every year. Dividend rate for 2013 at $0.0315 which translates to a yield of 9.3% on the last closing price this week of $0.34 (year 2012 : dividend rate $0.0235, yield 6.9%; year 2011 : dividend rate $0.0225, yield 6.6%; year 2010 : dividend rate $0.022, yield 6.5%; year 2009 : dividend rate $0.012, yield 3.5%). 

Invested into Thai Village 1 lot in this week under Cash portfolio.  It pays dividend rate $0.007 to $0.009 in the last four financial years representing 6.1% to 7.9% dividend yield on the latest and last closing price in this week of $0.114.  Management staff holds around 55% shareholding in it.  It is likely to declare a dividend rate within the range in the last four financial years when reporting its second half year results in Nov'13. 
 
Added Ascendas India Trust 3 lots so my total holding of it now at 4 lots.  2Q2014 results will be announced on 25 October  and it is likely to report a flat results from the previous quarters in Indian Rupee terms.  l think l can expect dividend rate to go lower slightly due to unfavorable currency movements but dividend yield likely to stay above 5% at full time.

Portfolio walk since previous posting :-

+$3,674 Total Returns as of 4 October

+$603 Unrealised positions improved

+$4,277 Total Returns as of 11 October

Previous posting :-Cash - Closing Status 4 Oct

CPF - Closing Status 11 October

Received the CPF Investment statement from the bank in this week for September month. Have updated CPF portfolio with the correct charges incurred on both investments and divestments made in September month.

Re-invested into Mapletree Industrial 4 lots in this week under CPF portfolio after having divested it all away in September.   It completed development of the build-to-suit for Kulicke & Soffa corporate headquarters in Serangoon North Avenue 5 this October month for a 10-year lease terms.  Its 2Q2014 results will be released on 22 October and it is likely to report a higher rental rates secured across all its property segments and achieving higher occupancies which is similar to previous quarter achievement.

Re-invested into Cache Logistics Trust 10 lots in this week under CPF portfolio after having divested it all away in July.  Good results back in 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.

Invested into Tee International 5 lots in this week before it went XD on 9 October.  It has been paying an increasing dividend every year.  Dividend rate for 2013 at $0.0315 which translates to a yield of 9.3% on the last closing price this week of $0.34 (year 2012 : dividend rate $0.0235, yield 6.9%; year 2011 : dividend rate $0.0225, yield 6.6%; year 2010 : dividend rate $0.022, yield 6.5%; year 2009 : dividend rate $0.012, yield 3.5%). 

Portfolio walk since previous posting :-

-$6,660 Total Returns as of 4 Oct

-$26 Realized transactions differences per CPF Investment statement from bank

+$84  Unrealised positions improved

-$6,602 Total Returns as of 11 Oct

previous journal :- CPF - Closing Status 4 Oct

Transit Mixed Concrete HY13 looking good

Results improving at Transit-Mixed Concrete company over the last six months.

  

Revenue +21%, Profit +68%. 

Cash flow improving from –ve $1.1 mil to –ve $417k; yes, it is using bank overdraft facilities. 

Cash generated from operating activities at $2.24 mil versus previous year at $861k. 

Capex jumped to $1 mil from $260k previous year so, we still have a free cash flow situation. 

Final dividend $0.015 declared versus $0.01 for last year. 

Per latest last done price of $0.34 and in the last five years, total dividend in 2013 at $0.025 so, dividend yield at 7.4%; highest dividend was in 2009 of $0.035 (dividend yield 10.3%), lowest dividend was in 2012 of $0.02 (dividend yield 5.9%).    

Market cap around SGD 24 mil

Very small average volume 1k so, it is really for long term investing.

It can be considered a family run business with share holding above 70%.

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

CPF - Closing Status 4 October

Divested  UMS 15 lots in this week for a nett gain of $217 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 15 lots, dividend amount would have been at $150 = 15 lots x dividend rate $0.01.  The $217 nett gain is higher than the expected dividend amount of $150 and l have added the proceeds back into my war chest.  Also, l have already collected its dividends in advance.

l will know the exact investment costs and divestment proceeds when the bank send the CPF Investment statement to me after month end; which l will then make necessary update to the Total Returns.

Portfolio walk since previous posting :-

-$6,466 Total Returns as of 27 Sept

+$217 Gain on sales of UMS

-$411  Unrealised positions worsened

-$6,660 Total Returns as of 4 Oct

previous journal :- CPF - Closing Status 27 Sept

SRS - Closing status 4 October

Added AIMS AMP Industrial Reit 3 lots in this week under SRS portfolio so l have total holding of 7 lots in it now. Based on my investment costs in it l am looking forward for an annual dividend yield of around 6.6%. Also, l am expecting it to report a higher dividend rate when it reports Qtr 2 results in three weeks time driven by the completed phase II of 20 Gul Way in May'13.

Divested  UMS 20 lots in this week for a nett gain of $226 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 $226 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.

Portfolio walk since previous posting :-

+$7,931 Total Returns as of 27 Sept

+$226 Gain on sales of UMS

-$511 Unrealised positions worsened

+$7,646 Total Returns as of 04 Oct

previous posting :- SRS - Closing status 27 Sept