SRS - Closing status 20 September

Sold away Rickmers Maritime 18 lots in this week for $120 nett profit or 2.4% returns after close to one month of holding in it.  Its next dividend will XD in Nov'13 and dividend payment will happen either in Nov'13 or Dec'13 and dividend rate likely same as previous year at USD 0.006.  Using these assumptions so l can expect dividend amount of $135 = 18 lots x USD 0.006 x fx rate (estimate) 1.25.  The $120 nett gain is $15 short from the expected dividend but l have no complain as l have already collected its dividend in advance.  Looking forward to re-invest into it again.

Divested Mapletree Commercial Trust 2 lots in this week under SRS portfolio at a nett gain of $33 or yield of 1.4% based on my investment costs in it. Assuming that its next dividend is having same XD date as last year in Nov'13 and also same dividend rate $0.01546 then the $33 nett gain is almost par to the expected dividend amount of $31 = 2 lots x dividend rate $0.01546. And l have already collected its dividend in advance in this week rather then waiting for its payment date in Nov'13.

Also divested Cache Logistics 7 lots in this week.  My holding period in it was for only one week for a $125 nett gain or 1.5% returns. If l hold it till its next XD around end of Oct'13 and its dividend payment date around end Nov'13 then l can expect to collect dividend amount $150 = 7 lots x dividend rate $0.02144 (assumed same as last year).  The $125 nett gain is lower than the expected dividend amount of $150 but l am not having any seller's remorse as l can already use the proceeds as my war chest for other investment opportunity.

Increase my position in Asian Pay TV 3 lots in this week so l have total holding of 6 lots now. It is now my 5th largest holding under SRS portfolio at 10%.

Portfolio walk since previous posting :-

+$5,717 Total Returns as of 13 Sept

+$278 Gain on sales of Mapletree Commercial, Cache Logistics, Rickmers

+$2,139 Unrealised positions improved

+$8,134 Total Returns as of 20 Sept

previous posting :- SRS - Closing status 13 Sept

Cash - Closing Status 13 September

Added Sabana Reit 2 lots right after it announced a successful private placement in this week.  So my total holding in it now at 3 lots under my Cash portfolio.  An advance distribution of $0.022 was declared which is expiring on 19 Sept.  Depending on how its share price perform next week,  l will probably do a partial divestment for a nett profit better than bank savings rate (of say, 0.8%) hopefully before its XD date; otherwise l will have to keep it for 8.5% dividend yield per year.

Sold away Rickmers Maritime 18 lots in this week for $64 nett profit or 1.3% returns after three weeks of holding in it.  My original exit selling price was for another $0.05 and l have been in the sell queue for almost three weeks doing so.  Finally, l have decided to settle for an easier exit selling price and immediately since then l have been in the buy queue for one week now for a re-investment. 

With first dividend payment only to happen around March 2014, l have sold away OUE HTrust 1 lot for $16 nett gain or 1.8% returns.  Will re-invest into it at lower price level or during its dividend payment time.

Received the following dividends in this week for my Cash portfolio :-
$114.00 Far East HTrust

After one week's of investment into CapitaCommercial Trust 1 lot, l have sold it away for $28 nett gain or 2.2% returns.  Will consider taking a small investment into it again when its share price weakens. 

Divested CapitaRetail Trust 1 lot for $18 nett gain or 1.3% returns.  Even though it is a small realized gain but l am happy with it as it's a short investment duration of one week.  As with any divestments, it will make available more funds for next investment opportunity.

Added Cache Logistics 6 lots under Cash portfolio in this week.  It is now my 3rd largest holding at 12% of total Cash portfolio and my total holding in it now at 8 lots.  In just one week of investment into the additional 6 lots, l got poorer by 1.4% (over my investment costs in it) or -$96.  If l am stuck with this investment (of 8 lots total holding) then l can expect getting 7.2% dividend yield per year.  

Increase my position in Asian Pay TV 1 lot in this week so l have total holding of 5 lots now.  It is now at its lowest share price level since IPO (on 29 May'13).  l will continue to accumulate at lower share price levels.  At the moment, l can expect 10.4% dividend yield for my 5 lots holding in it.

Reduced Ascott Reit 1 lot in this week.  So my total holding in it now back to 1 lot.  For this divestment (under one week of investment duration) l have achieved $34 nett gain or 2.8% returns.  At Friday's close, its share price is only $0.03 away from its 52 weeks low.  Will try to re-enter into it, soon.

 
Portfolio walk since previous posting :-

+$709 Total Returns as of 6 Sept

+$160 Gain on sales of CapitaCommercial, Ascott Reit, Rickmers, CapitaRChina, OUE HTrust

+$114 Dividends collected from Far East HTrust

+$767 Unrealised positions improved

+$1,750 Total Returns as of 13 Sept

Previous posting :-Cash - Closing Status 6 Sep

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

SRS - Closing status 23 August

For this week under SRS portfolio l have invested into Cache Logistics 1 lot in this week.  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%.

Invested into Rickmers Maritime 18 lots for SRS 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 3 lots under SRS portfolio after it went XD in this week.  It's a small investment amount of $2.5k and l will certainly looking forward to a 10.8% dividend yield from it.  

Portfolio walk since previous posting :-

+$6,143 Total Returns as of 16 Aug

-$1,102 Unrealised positions worsened

+$5,041 Total Returns as of 23 Aug

previous posting :- SRS - Closing status 16 Aug