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 6 September

Received the following dividends in this week for my Cash portfolio :-
$18.00 Mapletree Logistics
$100.00 Sembcorp Marine
$112.50 SingPost

Reduced Far East Hospitality Trust 1 lot so l have total holding of 6 lots now; for a $16 nett gain. Based on previous week's investment costs in it so it's a 1.8% returns.  For the remaining 6 lots holding l can expect 5.9% dividend yield per year, as "forced" passive income stream with the chance of collecting its dividends in advance now much reduced due to current uncertain economic growth globally and Middle East conflict.

Invested into CapitaRetail Trust 1 lot in this week under Cash portolfio.  Its share price is very near to its 52 weeks low which was last established 25 June.  And during that time its share price recovered to end July by 8.5%.  Will its share price making the same recovery in the next one month; no can tell for sure.  Based on my investment costs in it l can expect 7.0% dividend yield per year.

Invested into CapitaCommercial Trust 1 lot in this week under Cash portfolio which is an all-Singapore based investment properties.  Ongoing asset enhancements for its properties (Capital Tower, Six Battery Road, Raffles City Tower) will see increases in future DPU, usually.  Based on my investment costs in it l can expect 6.0% dividend yield per year.


Divested Perennial China Retail Trust 2 lots for a $25 nett gain. Based on previous week's investment costs in it so it's a 2.4% returns.  This is a much higher returns when comparing to bank savings rate for an investment amount of $1k over one week duration. Will re-invest into it when its share price weakens further.

Bid goodbye to Sin Ghee Huat 3 lots in this week under my cash portfolio for a $61 nett gain.  It goes XD on 29 Oct and payment date 14 Nov so l have already collected its dividends ahead by two months.  Expected dividend amount is $54 = 3 lots x dividend rate $0.018 so the $61 nett gain is much higher.

Portfolio walk since previous posting :-

+$54 Total Returns as of 30 Aug

+$101 Gain on sales of Sin Ghee Huat, Perennial CRT, Far East HTrust

+$231 Dividends collected from Mapletree Logistics, Sembcorp Marine, SingPost

+$324 Unrealised positions improved

+$709 Total Returns as of 6 Sept

Previous posting :-Cash - Closing Status 30 Aug

CapitaCommercial Trust (C61U) refinancing

CapitaCommercial Trust (C61U) announced today that it managed to refinance its loan due in 2012 of S$570.0 million.  From short term debt expiring soon and now becomes long term debt, probably that's good for liquidity measurement or current ratio.  Below is an extract of its announcement.

Due to global economy uncertainty so, in the coming weeks and months, there could be more companies seeking refinancing;  before their books close for the quarter or year end. 


>>>>>>


Ms. Lynette Leong, Chief Executive Officer of the Manager, said, “We are pleased to have the strong
support and commitment from banks and debt investors notwithstanding the current global economic
uncertainty. As part of our proactive capital management strategy, we have secured total committed
funding of S$650.0 million from banks and the debt capital market to refinance the S$570.0 million term
loan, well ahead of its maturity in March 2012. The balance committed funding will be deployed for
CCT’s corporate funding purposes when the need arises.”

“The current mortgage of Capital Tower will be discharged after refinancing the S$570.0 million term loan
secured on Capital Tower in March 2012 with the new, unsecured facilities. As a result, seven properties
with a total asset value of S$3.9 billion out of CCT’s portfolio of nine properties will be free from
encumbrances. This will provide us with further financial flexibility in managing CCT’s capital and balance
sheet,” added Ms Leong. 

Cash - Closing Status 09 Dec (unrealised stocks status)

Added HwaHong 5 lots, LippoMalls 9 lots, FSL 15 lots.

Sold Noble 2 lots, MacqIntInfra 3 lots, CDL HTrust 2 lots, CapitaComm 2 lots, MappletreeLog 5 lots.

Tested  my cash portfolio as of Dec 02 on dividend returns in absolute dividend amount on the assumption of what-if available funds of $10k and also the full 100% allocation of the funds against each stock.

If $10k is in POSB bank savings account, l will get $5 annual interest.

If $10k is spent on goods and services in a year which comes with 7% GST, l will suffer $700 on GST paid.

With 100% of $10k allocation against each stock, the counters which l have sold this week (Noble, MacqIntInfra, CDL HTrust, CapitaComm, MappletreeLog) failed to give me an annual dividend above $800.  This $800 is enough to cover the GST amount paid but remaining $100 (in a year) is really too little. 

Of these three counters added this week, HwaHong is riskiest (per its 3rd quarter financial statement), what got into me investing in this counter ... OMG.  l will continue to monitor it.

previous posting :-
Cash - Closing Status 02 Dec