Cash - Closing Status 27 Jan

This week's stocks sales under cash portfolio on Keong Hong, Goodland and Baker Tech gave me a satisfying advance dividend (or profit) of $785.  
 

stock	expected dividend	nett gain
Keong Hong (5TT)	490	456
Goodland (5PC)	80	185
BakerTech (568)	150	145
total	720	785

Looking at my realized positions under cash portfolio in year 2012, l have been selling into strength to get paid in advance on the dividend; realized positions in full year 2011 $1,187; in 2012 Jan  $2,378.

The stock price in some of the counters can still go higher before they actually go ex-dividend but l am very clear with my selling price target.  So, l would rather hand over the baton to the next runner in the race once l have achieved the anticipated dividend amount.  And with the proceeds on sales of these stocks l am ready for the next run.

previous posting  :- Cash - Closing Status 20 Jan

Investment activities - week ending 27 Jan

For the last two weeks l have been trying to buy more stocks which are going ex-dividend soon but their prices are not attractive enough.

For this week, l have sold Baker Tech 5 lots and Keong Hong 35 lots.

I saw good entry price on Goodland and bought 8 lots for its dividend.  But l have decided to sell it all off when its price gone up to a level beyond my dividend yield expectation. 


There have been some kind of panic buying everywhere as this is just normal speculators and investors behavior of not wanting to be left out in getting a piece of the pie.  I would rather not follow as l reckon this euphoric thing over high stock price day after day is just too risky.

Advance dividend payment from Keong Hong

I have to sacrifice the golden-egg goose again; this time round it is on Keong Hong.  Its ex-dividend date is 7 February so l could have hold on to this stock till then.  On 35 lots, l would have be able to receive $490 on 23 February but have decided to settle for a little lesser amount of realised nett gain at $455.55.   I can now use the proceeds to reinvest.  

Stock	Keong Hong (5TT)
Qty	35
Dividend ex-date	7-Feb
Expected dividend rate	0.014
Expected dividend amount	490.00
Sold date	25-Jan
Realised nett gain	455.55
Actual dividend rate	0.014
Dividend payable date	23-Feb
Dividend receivable	490.00
Strike gold / (golden-egg goose killed)	-34.45

Cash - Closing Status 13 Jan (continued)

Here are some details on the stocks purchased and sold under Cash portfolio this week :-


TechOil&Gas (5CQ)
Expected dividend payment in February and interim dividend amount estimates of $270 for 9 lots.
To get advance payment on the dividend, sold 9 lots (in January) at nett gain amount of $305.
Future plan to re-invest when stock price is weaker so, a possible cycle of the above.


Latitude (5OY)
Expected dividend payment in March and interim dividend amount estimates of $140 for 10 lots.
To get advance payment on the dividend, sold 10 lots (in January) at nett gain amount of $144.
No immediate future plan to re-invest in this stock.



LippoMalls (D5IU)
Expected dividend payment in March and interim dividend amount estimates of $355 for 32 lots.
To get advance payment on the dividend, sold 32 lots (in January) at nett gain amount of $342.
Future plan to re-invest when stock price is weaker so, a possible cycle of the above.



SuntecReit (T82U)
Expected dividend payment in March and interim dividend amount estimates of $13 to $24 for 4 lots.
To get advance payment on the dividend, sold 4 lots (in January) at nett gain amount of $25.
No immediate future plan to re-invest in this stock.



HTL Int (H64)
Expected dividend payment in May and interim dividend amount estimates of $480 for 12 lots.
To get advance payment on the dividend, sold 12 lots (in January) at nett gain amount of $486.
Future plan to re-invest when stock price is weaker so, a possible cycle of the above.


K-REIT (K71U)
Bought 5 lots in time for interim dividend going ex-date end January.  Will sell stock earlier than scheduled if price hits estimated interim dividend amount otherwise hold till next review during subsequent dividend ex-date in July month.


OKP (5CF)
Was planning to sell entire 3 lots holding.  But wrongly entered sell queue as buy queue at higher price.  So, l have doubled my holding on this stock at 6 lots due to mistake. Will sell stock earlier if price hits estimated interim dividend amount before ex-date in May month otherwise hold till next review during subsequent dividend ex-date in August month.


Keong Hong (5TT)
Bought 35 lots for its dividend ex-date in February.  Will sell stock earlier if price hits estimated dividend amount otherwise hold for selling into strength at break-even.  This is a risky counter during this weak property outlook for Singapore.  But am hoping that it is still able to shine as its business activities covers a broad range of building construction services not just for residential but also for commercial, industrial and institutional projects.  I will be extremely cautious to go long on this company as its income statement seems so bad with very thin profit margin.

related posting :- Cash closing Status 13 Jan