The Twin Terrors -Past & Present

At the moment, my CPF portfolio has not performed as well as both my Cash portfolio and SRS portfolio.  Reasons being that l have suffered twin terrors effect in my investment using CPF funds.

l was way too careless to be involved in speculative investment back then when l have invested into Wilmar and Olam.  l did not even know back then that both Wilmar and Olam are speculative stocks. And by the time l knew of their speculative traits my CPF portfolio already suffered combined paper losses of $8.2k on Wilmar and Olam.  It was a hard decision made but l needed a reboot at some point of time so these were sold off and hence l have suffered huge realized losses on them.  Buy and holding these twin terrors is not good thing so it's better to divest them away.

Spiltting headache over Olam and Wilmar

Au revoir Wilmar

CPF - Closing Status 28 Dec

CPF - Closing Status 15 Mar

In the present moment l have another new twin terrors in my CPF portfolio - Capitaland and SembMar.   Both are good blue chips companies.  l am keeping both for now as these are not speculative stocks and both still have good growth story on them.
 

CPF - Closing Status 15 Mar

Finally sold away Olam 3 lots under my CPF portfolio this week at a huge loss of $4,474.  This was an investment mistake made in my earlier investment years which was based on rumour mill (or better known as tips).  The huge loss is very painful to bear but l prefer not to keep it bothering me now that l have got rid of it.

Olam is a growth stock and from it l must always remember to be very careful when considering investing into any other growth stocks.  When a growth stock is in a paper loss status then there is almost no income stream from its dividends; so it becomes a very bad investment decision made particularly in a bear market or when its share price heavily underperformed in a bull market.

I have divested SIA Engineering 2 lots from my CPF portfolio this week for a profit of $122.  For 9M2013, both revenue and profit were almost at par to previous year.  Last year there was an exchange gain of $7.5 mil but in this year it recorded an exchange loss of $2.1 mil.  There is no borrowings as of 9M2013.   I think it is a good deal to invest into SIA Engineering expecially when its dividend yield is at 4.6%.  Its next XD is in May'13 so l will re-invest into it when its share price weakens in the coming weeks or months.

Portfolio walk since previous posting :-

-$5,622 Total Returns as of 8 Mar

-$4,352 Total Net Loss from sales of Olam (loss -$4,474) and SIA Engg (profit $122)

+$3,630 Unrealised positions improved

-$6,343 Total Returns as of 15 Mar

previous journals :- CPF - Closing Status 8 Mar

CPF - Closing Status 18 Jan

I have finally received the Dec'12 cpf investment statement from the bank and expected transactions in my previous posting came in the same figures.

In my cpf portfolio l have existing counter on Olam 3 lots and and hence l am given Olam Rights of 0.939 lot.  In this week l have sold away my 'nil paid' Olam Rights 0.939 lot for a profit of $34.  I have an intention to sell away my current position on Olam 3 lots some time this year and l would definitely book a huge loss for it; current paper loss status is at $4,777 !!!

I have invested into Capitaland 3 lots this week under cpf portfolio.  Initially the purpose of this additional investment into Capitaland is to do lower cost averaging.  But l could not resist selling the same 3 lots away in the same week for a nett gain of $536.  There is an opportunity to do another lower cost averaging against my current position on Capitaland 4 lots (currently at paper loss status of $707) in some other time when its share price weakens.

Portfolio walk since previous posting :-

-$7,220 Total Returns as of 31 Dec

+$570 nett gain of sales of Capitaland and Olam Rights

+$1,383 Unrealised positions improved

-$5,268 Total Returns as of 18 Jan

previous journal :- CPF - Closing Status 31 Dec

Spiltting headache over Olam and Wilmar

I am in quite a dilemma with both Olam and Wilmar shares in my CPF portfolio.  Both were purchased in Nov 2010 and are in paper losses positions.  As of 19 Dec, combined paper losses are at $8.2k or 72% of total paper losses under CPF portfolio. 

Their share prices are taking baby steps improvement and l do not think it is possible for them to go back up to the share prices levels during Nov 2010 time.  So, l will have to bite the bullet soon as their share prices are showing some improvement now.  It’s now or never?  Or should l wait further, into 2013?  Decisions, decisions, decisions ......

CPF - Closing Status 7 Dec

From the investment statement received from the bank this week, l have received dividends from Olam ($120) and SingPost ($138) in Nov'12 month.

Portfolio walk since previous posting :-

-$8,331 Total Returns as of 9 Nov

+$258 Dividends from Olam and SingPost

+$296 Unrealised positions improved

-$7,777 Total Returns as of 7 Dec

previous journal :- CPF - Closing Status 9 Nov

Olam, Wilmar, Noble ... eeny, meeny, miny, moe

Olam, Wilmar, Noble Group - all three made it to top volume chart and on Friday and both Wilmar and Olam were both at one point at their 52 week low.

Investors in particular those who speculate are now tearing their hair out figuring which one offers best returns.  Perhaps best way to deal with this is to compare them in a simple table.

To me, both the 52 week high and low are just for reference and should not be be used as the ultimate target for buying and selling decision.  l am curious how they would look like so l am comparing them at 60 day high and low.
 
I have included the dividend amount expected if the speculation failed to bear fruit and there is a need to baby sit it for one year or so.  Is the dividend amount better than bank deposit rate, definitely yes as bank deposit rates are very low at between 1% to 0.2%.

Quick ratio is there for a quick health check.

Anyways, speculation is not my cup of tea so l will avoid all threes.

Note :- Olam will announce Qtr 3 results on 15 May.

CPF - Closing Status 25 Nov (unrealised stocks status)

Difficult to sell these negative returns stocks - Capitaland, SingPost, Olam and Wilmar as the share market is in very bad shape now.  Paper loss of $14.5k is really too heavy to shoulder so, will not consider their disposal for re-investment.