Cash - Closing Status 1 Feb

For my Cash portfolio this week, l have sold away City Developments 2 lots for a small nett gain of $63.  This nett profit could have been much higher (around 10-12 times more) if l have sold it off in 1-2 days later.  l am not cut into investing in growth stock yet as l realized that l have not mastered the art of being more patient.

My oldest stock holding under Cash portfolio is Hock Lian Seng 6 lots, which l have invested into it in Feb'12.  Its 9M2012 results were quite disappointing.  Revenue and Profit were off 43% and 22% respectively versus YAGO.  So there is a high chance for it to lower its dividend rate when full year results is released some time 3rd week of Feb'13.  It claims strong cash flow but it is really because of a long term borrowings of $60.5 mil as of 9M2012.  l suspect the borrowings amount is very likely to increase further when it release its full year results.  l have sold away Hock Lian Seng at break even in this week.  Over the one course of one year holding in it, l have collected $120 dividends; and adding to the small profit of $5 to it, total yield over the invested cost is 7.6%.  Not so bad after all.

Also in this week l have made two random donations of $50 each to Caritas Singapore Community Council and Muslim Missionary Society Singapore.

Portfolio walk since previous posting :-

+$1,847 Total Returns as of 25 Jan

+$67 Gains on sales of City Developments and Hock Lian Seng

-$100 Donations to Muslim Missionary Society Singapore and Caritas Singapore Community Council

+$324 Unrealised positions improved

+$2,138 Total Returns as of 1 Feb

previous postings :- 
Cash - Closing Status 25 Jan
City Developments, donations, blah blah

SRS - Closing Status 1 Feb

For my SRS portfolio this week, l have sold away City Developments 2 lots for a nett gain of $163.  This nett profit could have been much higher (around 4-5 times more) if l have sold it off in 1-2 days later.  l am not cut into investing in growth stock yet as l realized that l have not mastered the art of being more patient.

My oldest stock holding under SRS portfolio is SGX 1 lot, which l have invested into it in May'11.  Annual dividend yield is around 3.5% so it is a pretty good stock to own.  As the stock is already in profit position so l have decided to sell it away for a nett gain of $38.  Will re-invest into it again when its share price weakens.

When l invested into Sing Investments 7 lots two weeks ago l have actually wanted to keep it for its annual dividend yield of around 5%.  But this week l have sold it all away for a nett gain of $71 because l reckon l have tied up a huge sum of funds into a company which pays dividends only once in each year.  Ideally l would prefer such big amount of investment to be put to work in a much harder cycle of investments and re-investments for a higher returns.  I will re-invest into Sing Inv but this will be limited to 1-2 lots as passive income.

Portfolio walk since previous posting :-

+$5,196 Total Returns as of 25 Jan

+$272 Gain on sales of City Developments, SGX and Sing Investments

+$52 Unrealised positions improved

+$5,519 Total Returns as of 1 Feb

previous postings :- 
SRS - Closing status 25 Jan
City Developments, donations, blah blah

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.       

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