SRS - Closing Status 22 Feb

Divested IHH 8 lots in this week under SRS portfolio for a profit of $166.  As it is a growth stock so l did not apply an exit selling price target to it.  Sky is the limit on profit for other investors on growth stock but not for me.  There should not be any regret of letting it go when a growth stock move to higher price level as there will be another chance to re-invest into it.  To me, if it is already in profit position then l can already letting it go; and hoping to re-entering in it when its price weakens.

Also divested Sheng Siong 16 lots this week from my SRS portfolio after bought into it just a week ago. Strong full year results released this week, as expected by many analysts and investors.  What is important to me is its dividends, just in case l am stuck with it if the stock market suddenly turned into a super bear.  The divestment profit of $330 is slightly higher than its dividend of $280 (16 lots x dividend rate $0.0175).  It is going XD on 3 May and dividend payment will be on 23 May so l have already collected its dividend way in advance from its XD date. If its price weakens again then l might re-entering a position in it so let's see.

Portfolio walk since previous posting :-

+$5,296 Total Returns as of 15 Feb

+$496 Gain on sales of Sheng Siong and IHH

-$265 Unrealised positions worsened

+$5,527 Total Returns as of 22 Feb

previous posting :- SRS - Closing status 15 Feb

SRS - Closing Status 8 Feb

I have invested into IHH Healthcare 8 lots in this week using my SRS funds.  Per its IPO prospectus, IHH does not pay any dividends so it is a growth stock.  Its share price has been under selling pressure since mid Jan'13.  But l do not really see anything wrong with this stock counter.  The only thing which doesn't seem right is the way how EPF Board of Malaysia almost on a very frequent basis keep buying up IHH.  I would not feel comfortable if our CPF Board of Singapore is doing the same buying frenzy on any particular stock counter.     
 

 Portfolio walk since previous posting :-

+$5,519 Total Returns as of 1 Feb

-$221 Unrealised positions worsened

+$5,298 Total Returns as of 8 Feb

previous postings :- 
SRS - Closing status 1 Feb

Cash - Closing Status 27 Jul

Last week movements under Cash portfolio as follows:-

IHH
I have never invested in any shares under IPO and IHH was my first time into it.  I have decided not to keep IHH and sold it off its first day of trading at a profit of $79.

Ascendas Hospitality Trust
I have managed to get 1 lot of Ascendas Hospitality Trust and have decided to sell it off on the first day of trading and suffered brokerage costs of $28.

Technics Oil & Gas
I have invested into Technics Oil 10 lots last week as l was attracted to its high dividend rate declared.  I have set the exit selling price based the dividend amount.  However, knowing that it is going XD in a week's time so l have decided to divest all of it within the week at a lower exit selling price.

Noble Group
Noble is a well diversified company (into three core areas) with the biggest segment being in energy.  And its business presence is every where in every corner of the world.  I reckon Noble is able to divert its management resources and funds easily to stay agile to business needs in order to stay profitable.  Prices of primary produce has been very volatile but l reckon this setback is only short term and by its next financial year, Noble will be back to regain its past glory.  This week, l have invested 8 lots into Nobel.

Portfolio walk since previous posting :-

-$1,738 Total Returns as of 20 Jul

+$282 Nett Gain on sales of IHH, Ascendas HT, Technics Oil

-$241 Unrealised positions worsened

-$1,697 Total Returns as of 27 Jul

previous posting :- Cash - Closing Status 20 Jul 

Cash - Closing Status 20 Jul

Foreland Fabritech
Ever since l have started being serious with stock market back in Sep'11 (10 months ago) l have suffered huge losses three times under Cash portfolio.  The third time is the most significant and it is concerning Foreland Fabritech.  I was attracted into Foreland because of its better profit warning on 14 Feb and because of this l was blinded by the anticipation of higher dividends.  A week after l have invested into Foreland then came the disappointment of a lower dividend rate announced on 28 Feb.  Its share price came crashing down in the immediate next two days on 29 Feb and 1 Mar.  Foolish me, l have averaged down twice in Mar'12 and May'12.  It was the last straw when it announced a lower profit warning on 17 Jul and l have on the next day immediately executed a divestment of the entire 97 lots at a significant loss of $4,329!!!   As of Friday's last done price of $0.055 and if l am still holding on to the entire 97 lots then l will be poorer by $670 and it will be a paper loss of $5k but since l have fully divested so l will learn from it.  It is indeed timely that l have updated my investment strategy to exclude investing into companies having significant businesses in China.  There are many local Singapore companies with significant exposure to China market and l reckon they too will suffer in terms of expensive and escalating business costs which outstripped productivity.

IHH
Managed to get 1 lot of IHH Healthcare from the IPO.

Goodpack
For the past nine months both revenue and profit were growing at double digit and have healthy balance sheet and cash flow too.  However, logistic and handling costs stayed stubbornly high which Goodpack not seems able to reign it in, yet.  Goodpack is exposed to Europe but so far, there is no mention of it being a hinder so, finger crossed that it stays the same when it announced its final quarter results in a month's time.  l am hoping for Goodpack to declare a dividend rate of $0.03 when full year results is announced in Aug'12.  Its share seems oversold at the moment and further weakness will be an opportunity for me to accumulate further.

QAF
I have wanted to invest into QAF for quite some time so, l bought 15 lots of it this week.  I am anticipating a similar dividend rate of $0.01 which possibly XD in early Sep month.  This anticipated XD rate is same as paid in 2010 and 2011.  Its share seems have been in oversold territory now.  It is likely to stay in this oversold position next week if the general market condition stays weak.

Portfolio walk since previous posting :-

-$569 Total Returns as of 6 Jul 

-$4,329 Loss on sales Foreland Fabritech

+$3,160 Unrealised positions improved (mainly due to divestment on Foreland)

-$1,738 Total Returns as of 20 Jul

previous posting :- Cash - Closing Status 6 Jul