Cash - Closing Status 30 August

Divested away AIMS AMP Industrial Reit 1 lot in this week under Cash portfolio for a $28 nett gain after 1 week of investment into it.  Assuming that its next dividend rate same as last year at $0.025 and payment date around 20 Dec so the $28 nett gain was slightly higher than the expected dividend amount  ---> 1 lot x dividend rate $0.025 x 1.11 times.  And l have already collected the dividends in advance by almost four months and also l can re-use the proceeds for other investment opportunity.

Added Ascott Reit 1 lot in this week.  So my total holding in it now at 2 lots.   Based on my investment costs in it l can expect a 6.9% dividend yield if l am really stuck with my investment in it.

Donated $25 to Equal Ark in this week

My investment increased in Far East Hospitality Trust 1 lot so l have total holding of 7 lots now.  Based on my investment cost in it l can expect 6.0% (based on run rate) of annual dividend from it.  This Trust is all-Singapore based hotels and serviced residences so it will be interesting to see how well it can withstand the ongoing adverse micro and macro events locally and globally.


Re-invested into First Reit 1 lot in this week under Cash portfolio after having divested it away in the previous week with nett gain higher than the forecasted dividend payment in Nov'13.  I did the same for this week.  I have divested my 1 lot holding in the same week for $25 nett gain versus expected dividend payment in Nov'13 of $17 (1 lot x dividend rate $0.0168).  So l have collected its dividend in advance by three months and at a higher amount too.  It is very important to set an exit selling price and l have attained peace of mind with my stock investment.

Invested into K-Green Trust 1 lot in this week and it comes with an annual dividend yield of 7.7% based on my investment costs in it.  Its current businesses have been locally based so far.  Having gut feeling that it will spread its wings to Asia Pacific and Europe soon.  It will be confirmed once there is new  company incorporation.

Received the following dividends in this week for my Cash portfolio :-
$40.81 Ascott Reit
$42.94 Cache Logistics
$108.20 CDL Hospitality Trusts
$39.40 Keppel Reit
$112.45 Suntec Reit

It must have been hasty move when l have invested into KrisEnergy 2 lots in this week without further verifying on its potential dividend payout;  which l later found out that they do not have intention to pay any dividend.  l was lucky to have been able to divest it away for a $38 nett gain.  I am not into trading or speculation and also not so keen with growth stock so l am depending on reasonably good dividend stock.

Added Mapletree Industrial 1 lot under Cash portfolio for this week so l have total holding of 2 lots of it now.  In its recent 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.  Based on my investment costs in it l will be getting dividend yield 7.1% per year.

Invested into OUE HTrust 1 lot.  Using dividend rate $0.0477 ( for 9 months financial) from its IPO prospectus and based on my investment costs in it so l can expect annual dividend yield of promising an annual dividend yield of 7.4%.  First dividend payment will happen some time March 2014.  l am eyeing an advance dividend from it, probably using a few round of investments and divestments.

To diversify further, for this week under Cash portfolio l have invested into Perennial China Retail Trust 2 lots.  If l hold it for long term then l can expect 7.5% dividend yield per year based on my investment costs in it.

I am not sure whether it was a risky decision when l have invested into Sabana Reit 1 lot in this week.  At the moment there is no new development yet on the four master leases expiring in Nov'13.  I am hoping that it will not materially affecting my expectation of 8.2% dividend yield per year based on my investment costs in it.     

Allocated a small investment funds into Sin Ghee Huat 2 lots in this week.  My total holding in it now at 3 lots.  It reported poorer results versus year ago recently but l will not be worrying so much of it.  Its business served five segments :- marine and shipbuilding, oil and gas and petrochemicals, building and construction, machining and processing, and trading and others so there will always be opportunities out there for it.  I am eyeing an advance dividends from it as l have already set an exit selling price for it.

Portfolio walk since previous posting :-

+$206 Total Returns as of 23 Aug

+$90 Gain on sales of First Reit, KrisEnergy, AIMS AMP

+$344 Dividends collected from Ascott Reit, Cache Logistics, CDL HTrust, Keppel Reit. Suntec Reit

-$25 Donation to Equal Ark

-$561 Unrealised positions worsened

+$54 Total Returns as of 30 Aug

Previous posting :-Cash - Closing Status 23 Aug

CPF - Closing Status 30 August

For my CPF portfolio this week l have invested into First Reit 2 lots.  It pays reasonably good annual dividend of 6.9% based on my investment costs in it so l am okay to be stucked with this investment.  But my preference is short term and l am trying to get an advance dividend from it by using an exit selling price matching to its next dividend payment.  However if l am stuck with this investment then l will treat it as passive income stream. 

Portfolio walk since previous posting :-

-$8,648 Total Returns as of 23 Aug

-$1,005 Unrealised positions worsened

-$9,654 Total Returns as of 30 Aug

previous journal :- CPF - Closing Status 23 Aug

Cash - Closing Status 23 August

Invested into First Reit 2 lots in this week under Cash portfolio.  But in the same week l have divested it away for nett gain of $49.  Using last year as a guide, next dividend will XD on 31 October and dividend payment to happen on 29 Nov for dividend rate of $0.0168.   If l have invested and hold then l can expect dividend amount at $34 but the nett gain for divesting it away in this week was at a higher amount (2 lots x dividend rate $0.0168 x 1.47 times).  And l  have already collected its dividend instead of waiting for its payment date, earlier by three months.  Also l have freed up available funds for other investment opportunities.

Increased my holding in SingPost 1 lot in this week under Cash portfolio.  Cost management is key element to watch as Qtr 1 higher revenue was quickly eroded by it.  Hopefully it can quickly finding synergies among its businesses especially from recently acquired ones.  Also, with 7th consecutive quarter of domestic mail volume decline so it clearly shows the need for it to (tactfully) continue with its transformation journey.

In this week for my Cash portfolio, l have invested into AIMS AMP Industrial Reit 1 lot.  Based on my investment costs in it l am looking forward for an annual dividend yield of around 7.1%.   Also, for the next quarter, AIMS AMP expects additional rental income from the completed phase II of 20 Gul Way and this will boost distributions further.

Increased my holding in Keppel Reit 1 lot in this week under Cash portfolio. So my total holding in it now at 3 lots.  Reasonably good annual dividend yield of 5.9%.
 
Invested into Rickmers Maritime 18 lots for Cash portfolio in this week.  Reasonably good 2Q13 results.  Fleet utilization was at 99.7% in 2Q13.  It continue to successfully deleverage resulting in a stronger balance sheet.   Freight rate restoration started in July and a further freight increase have happened in August.  Assuming annual dividend rate maintained at US$0.024 then l can expect a 11% yield.

Got into Asian Pay TV 4 lots under Cash portfolio before it went XD in this week.  Investment amount of $3.5k in it is not so significant but l will certainly looking forward to a 10.3% dividend yield from it.  

Portfolio walk since previous posting :-

+$1,891 Total Returns as of 16 Aug

+$49 Gain on sales of First Reit

-$1,734 Unrealised positions worsened

+$206 Total Returns as of 23 Aug

Previous posting :-Cash - Closing Status 16 Aug

Cash - Closing Status 2 August

Divested SingPost 4 lots in different days (in Jul/Aug) within this week under Cash portfolio for nett gain of $58.  With this divestment l am still having remaining 9 lots of it as "forced" passive income investment.  On the 4 lots which was divested away in this week, the expected dividend will be 4 lots x dividend rate $0.0125 = $50.  The nett gain $58 is a slightly higher amount and l have already collected this dividend in advance by one month (actual dividend payment date is 30 Aug). 

Also in this week l have divested away First Reit 4 lots for nett gain of $35.  I have divested it away before it went XD on 2 Aug so l will not get its full dividend amount (4 lots x $0.0086 = $34), matching the nett gain achieved.   So l  have already collected its dividend instead of waiting for its payment date in one month's time on 29 Aug.   Will re-invest into First Reit, hopefully at lower share price levels.

Portfolio walk since previous posting :-

+$3,089 Total Returns as of 26 July

+$93 Gain on sales of SingPos, First Reit

-$472 Unrealised positions worsened

+$2,710 Total Returns as of 2 Aug

Previous posting :-Cash - Closing Status 26 July

SRS - Closing status 2 August

Sold away First Reit 5 lots in this week for nett gain of $39.  I have divested it away before it went XD on 2 Aug so l will not get its full dividend amount (5 lots x $0.0086 = $43).  Even though the nett gain is slightly lower than the full dividend amount but l have already collected it in advance instead of waiting for its payment date in one month's time on 29 Aug.   Will re-invest into First Reit, hopefully at lower share price levels.

Added CM Pacific 5 lots so my total holding in it now at 8 lots.  It will announce its 2nd Qtr results on Wednesday 7 Aug.  Gauging from its low daily volume l think its 2nd Qtr results will be in line with "business as usual" type and so, it is likely to declare a usual dividend rate of $0.025-$0.0275.  It will probably unveil its next action plan on the recent failed disposal of its property development business in New Zealand.  

 Invested into SingPost 5 lots in this week under SRS portfolio.  I have already collected its dividends in advance when l have divested 10 lots of it away in last week.  Let's see whether l can be 2nd time lucky this time round or keeping it as a "forced" passive income investment.  I have always like SingPost for its predictable dividend rate.

Portfolio walk since previous posting :-

+$7,659 Total Returns as of 26 July

+$39 Gain on sales of First Reit

-$280 Unrealised positions worsened

+$7,418 Total Returns as of 2 August

previous posting :- SRS - Closing status 26 July

Cash - Closing Status 19 July

Added Far East Hospitality Trust 5 lots in this week under Cash portfolio before it went XD on 18 July.  So my total holding in it now at 6 lots and l can expect dividend amount of $114 = 6 lots x $0.019 when it is paid out on 11 Sept.  The dividend amount of $114 is equivalent to 2.0% returns based on my investment costs in it.  Meanwhile l have a choice of continue holding onto the 6 lots till its share price break even which is when l can divesting it all away in order to free up available funds for investment opportunities or continue keeping it as passive income investment.  The latter will happen when its share price stays below break even  and l am forced to participate into passive income investment; but it's will be a good problem to have due to its dividend yield which is way above bank fixed deposit rate at an invested funds of under $6k. 

Invested into First Reit 4 lots.  Its rental on Indonesia properties are pegged to SGD currency so there is no forex volatility issue.  However its rental in South Korea is in USD currency but it is only for one property so there is very little forex impact.  Earliest lease renewal is in year 2017 for a nursing home property in Singapore; after this, next property up for renewal will be in year 2021 so, there is stable stream of income for First Reit in the next eight years.  If its share price going south further then l will have good problem to deal with; l will be forced to participate into passive income investment which generates 5.9% returns based on my investment costs in it.  But if its share price improve and generates a returns better than bank deposit rate above 1% then l will liquidate all of it away so that (1) l can enjoy an accelerated passive income investment (2) l can move my funds into other investment opportunity.

Invested into CDL Hospitality Trusts (CDL HTrust) 2 lots in this week under Cash portfolio.  It has been close to one month now that CDL HTrust keeps trending its 52 weeks low share price level.  Will its share price going further lower from here.  No one can actually tell.  But any lower share price level is limited gut feeling wise.  Based on my investment costs in it and if l am stuck with this investment then l can expect a 6.7% returns.

Re-invested into Sin Ghee Huat 1 lot.  Just a very small investment into this company which is a distributor of stainless steel products.  It has a challenging business outlook at the moment but kind of defensive as it is quite spread out into five segments :- marine and shipbuilding, oil and gas and petrochemicals, building and construction, machining and processing, and trading and others.

Added Suntec Reit 1 lot so my total holding in it now at 6 lots.  l have a sinking feeling that l dumping funds into a sinkhole, at the moment.  This additional 1 lot investment already generating -2.0% returns as of Friday closing price.  Suntec Reit will be a forced passive income investment stock for me.  Based on Qtr 2 DPU 2.249 cents and my investment costs in it (at $11k) so l can expect an annual returns of 4.9% or $540 annual dividends.

Decided investing into Mapletree Greater China Commercial Trust (Magic) 1 lot in this week.  Its current share price is around 2.7% above its IPO price so what could be better time to invest into it than now.  Based on my investment costs in it l can expect a 5.5% returns.

For my cash portfolio this week l have also invested into Frasers Centrepoint Trust  (FrasersCT)  1 lot.  With an increasing DPU in each calendar year it's certainly worth investing into FrasersCT especially when its share price is only 8.1% away from its 52 weeks low.  Using 2Q13 DPU and based on my investment costs in it l can expect 5.8% returns.

Divested all of my holding in Loyz Energy 15 lots in this week for a gain of $269 or 5.5% based on my investment costs in it.  Of course l did not manage to sell at its intra-week high price but 5.5% returns in just one week of investment is really sweet which is really due to good luck.

Received dividends from SingPost in this week of $375.

Portfolio walk since previous posting :-

+$2,195 Total Returns as of 12 July

+$375 Dividends from SingPost

+$269 Gain on sales of Loyz

-$569 Unrealised positions worsened

+$2,271 Total Returns as of 19 July

Previous posting :-Cash - Closing Status 12 July

Cash - Closing Status 28 Dec

The postman delivered two cheques to me this week for my Cash portfolio and they were dividends received from UMS for $120 and First Reit $31.

I have invested into First Reit 3 lots in the week of 16 Nov and have intended to keeping it as passive income stream just in case l am stuck with this investment in a bear market .  For next year. its dividends XD dates and dividend rates (if maintained same as in year 2012) in the 1st half year are in Feb'13 of $0.0193 and in Apr'13 of $0.0193 so, totalling to dividend rate of $0.0386.  If l hold on to it till its XD date in Apr'13 then l can expect a dividend amount of $116 (3 lots x $0.0386); out of which $31 have already been paid in advance and received in this week (as stated in the above).   In this week l have sold away my 3 lots holding of it for a gain of $93; and adding this profit with the dividend received $31 then total collected is at $124.  So, in a way l have already collected two periods (Feb'13 and Apr'13) of dividends in advance. 

Portfolio walk since previous posting :-

+$10 Total Returns as of 21 Dec

+$93 Gain on sales of First Reit

+$151 Dividends received from UMS and First Reit

+$371 Unrealised positions improved

+$625 Total Returns as of 28 Dec

previous posting :- Cash - Closing Status 21 Dec

Cash - Closing Status 16 Nov

This week under Cash portfolio l have invested into First Reit 3 lots.  If First Reit is able to maintain annual dividend rate approximately of $0.0701 next year the dividend yield will be at 6.9%.  And l can comfortable assure myself that l can still expect a dividend yield of 5% if for some reasons (due to forex risks from South Korea hospital, etc.) the dividend rate is reduced significantly by say, 25%.  Other than forex risks in USD rental from South Korea hospital, Indonesia properties rentals are pegged to SGD so there is no forex risks at all.  Its sponsor, Lippo Karawaci has 17 hospitals in the pipeline so l can expect First Reit to continue acquiring more Indonesia hospitals going forward.

Also added CDL Hospitality Trusts 2 lots this week under Cash portfolio.  Its share price ended the week much weaker from the price level l have committed on it.  Per my invested funds in it then l can expect a dividend yield of 5.98% based on recent annual dividend rate of $0.1141.   I do expect its DPU to be lowered slightly going forward due to slower Singapore economy and forex risks; and also resulting from resources channeled into developing the EC site in Sengkang West.  l am still able to get a dividend yield of 5%  even when CDL HTrust reduces its dividend rate by say, 15% in 2013.

In a weak economy (local and world) conditions, almost all businesses will face difficulty improving both top and bottom lines performance and hence maintaining and increasing dividends payout will be a great challenge.  Nevertheless l reckon it is still okay to continue investing (and trading) into companies with healthy balance sheet and cash flow as you can expect them not to go belly up in the near future.    

Portfolio walk since previous posting :-

-$734 Total Returns as of 9 Nov

-$667 Unrealised positions worsened

-$1,401 Total Returns as of 16 Nov

previous posting :- Cash - Closing Status 9 Nov

Cash - Closing Status 9 Mar

No other transactions this week except dividends received in the mail on Cache, SingPost, Sabana Reit, First Reit, Starhill and Mapletree Industrial.

Portfolio walk since previous posting :-

$790 Total Returns as of 2 Mar 

+$314 Dividends from Cache, SingPost, Sabana Reit, First Reit, Starhill and Mapletree Industrial

-$155 Unrealised positions worsened

$949 Total Returns as of 9 Mar


previous posting :- Cash - Closing Status 2 Mar

Right Reit l Like - 17 Feb

Money is always not enough so it must be used to work hardest so as to generate highest returns.  Assuming that l have $10k of funds and my focus is Reit and business trust; and also investment horizon timeline is important - one to two months or less than 6 months. Because of short investment timeline prference, l will not be looking at annual dividend payout rate.

From the table and for Reit with ex-dividend date in the next one to two months, the top five value for money Reits are Frasers Comm, CapitaRetail China, MIIF, First Reit and Suntec Reit.

For longer ex-dividend dates, l would go for Ascendas India, Ascott Reit, K-Reit, Saizen Reit and Sabana Reit as these are expected to generate much higher returns versus popular Reit stocks, as an example on LippoMalls, Cache Logistics, Cambridge Industrial, K-Green, CitySpring and others.

So, this table goes to show that with a available funds of $10k, l can get say, Cambridge 19 lots and its dividend amount of $190 versus say, Sabana Reit 10 lots which generates dividend amount of $304. Both stocks are having ex-dividend dates in May month.  A loyal investor on Cambridge would loose out to a cyclical investor who would have selected Sabana instead.

The ranking will not be static as older ex-dividend dates will become obsolete as newer dates will then be assumed and their re-ranking is required.  As all stocks prices have gone up by a lot in recent weeks then its probably unwise to rush in to buy my favorite counters.  There is "plenty" of time till ex-dividend dates in March and if this is missed, ex-dividend dates in April and future months can be targeted.

If stock prices are lowered (or gone up) then l can buy more (or less)  and this will directly affecting the dividend amount and its yield.  If the overall stock market is in a bull run but not supported by a bullish economy then there is no reason to drool over the high dividend amount and buying into the high dividend yield stock immediately.  Just Do It is not suppose to work this way.

Reit stocks are popular as passive income source but they can be leveraged for an even bigger and better returns.  It is better not be overly sentimental  on certain Reit stocks but be always ready to consider other Reit stocks.  Thinking of only the same and certain Reit stocks are god-send is not a wise decision.  Even research houses do not always have the same stock pick within the same industry (hospitality, industrial, office, retail, etc.).

Cash - Closing Status 17 Feb

For this week under the Cash portfolio :-

Bought SingPost 10 lots, M1 3 lots, STX OSV 3 lots
Sold Starhill Reit 6 lots, Mapletree Industrial 2 lots, STX OSV 3 lots, Nam Lee 11 lots and First Reit 3 lots.

Sold Starhill Reit, Mapletree Industrial and First Reit as these have gone ex-dividend and l can get back the invested funds at break even price; for reinvestment use.  The dividends on these stocks will be in the mail to me on 29 February.

The ex-dividend date on Nam Lee is not known yet so, l am selling all the 11 lots now for a small profit and am hoping to buy into it again at lower price so that it is easier to achieve the exit selling price set.

The strength on STX OSV surprises me as l initially thought that it would Not be able to reach the exit selling price target based on the proposed dividend payout rate which l have worked it out.  This is the risk premium reward for braver investors but for a normal retail investor like myself, it's okay not to pursue it further into uncharted territory. 

Portfolio walk since previous posting :-

$1,198 Total Returns as of 10 Feb 

$175 Gain on sales of Starhill Reit, Mapletree Industrial, STX OSV, Nam Lee, First Reit

-$225 Unrealised positions worsened

$1,147 Total Returns as of 17 Feb

previous posting:- Cash - Closing Status 10 Feb

First Reit hospitals annual valuation

As reported :-

“…  The Existing Portfolio is revalued at S$618.0 million, which represents an increase of S$5.2 million over First REIT’s book value as at 31st December 2010. The revaluation of the Existing Portfolio will be reflected in the financial statements of First REIT for the fourth quarter ending 31st December 2011. …“

Cash - Closing Status 16 Dec (unrealised stocks status)

Added Tech Oil & Gas 4 lots, HTL Int 6 lots, Ocean Sky 22 lots, LippoMalls 9 lots.

Sold SingTel 0.500 lots.

I hope to sell these counters next, which failed the annual dividend target based on a 100% funds allocation test - Mapletree Ind, First Reit, Cache, SingPost, Starhill Global, STXPO, Suntec Reit.  Restructuring and reallocation of portfolio is necessary so as to maximize (dividend) returns due to limited funds.  Selling these counters now would means suffering losses so, l will wait for better prices.

Most difficult to sell is STXPO of 0.1 lots, which was purchased in June 2008 and from past records which l managed to retrieve it was subject to share consolidation in Dec 2008.  Selling STXPO now means a loss of $2.2k!  STXPO will be in my to-sell list for the longest time.

Five big stocks in their biggest funds allocation order are LippoMalls 12%, CitySpring 8%, Tech Oil & Gas 8%, Suntec Reit 7% and FSL 7% totaling to 41% of the overall Cash portfolio. Suntec Reit will soon be removed from this five big stocks and be replaced by LippoMalls, CitySpring and Tech Oil & Gas.



previous post :-

Cash - Closing Status 09 Dec