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

SRS - Closing Status 18 Jan

For my SRS portfolio this week l have added Sing Investments 7 lots. 

Its 9M2012 results was 6.2% lower versus year ago due to erosion of interest margin from the intense competition in the lending sector and also the prolonged low interest rate environment.  To counter this Sing Inv reduces staff bonus provisioning in order to reduce its operating expenses.  However pat is still lower comparing it to year ago, because of $8m bad loans write-back during 9M2011; otherwise pat for 9M2012 will be flat versus 9M2011.

Sing Inv pays dividends only once in each year.  It reduced dividend rate by $0.03 in 2011 when full year revenue and profit before impairment losses dropped by 25% and 40% respectively.   Still I am hoping for Sing Inv to maintain its dividend rate same as last year at $0.07 so that l can get 5.0% yield based on my investment cost in it this week.  Its share price is not far away from its 52 weeks low so l am also hoping that this is already the floor and any further downside from current price level is limited.

Portfolio walk since previous posting :-

+$4,818 Total Returns as of 11 Jan

-$29 Unrealised positions worsened

+$4,789 Total Returns as of 18 Jan

previous posting :- SRS - Closing status 11 Jan