SRS - Closing Status 28 Dec

For my SRS portfolio this week, l have sold away Pac Andes 25 lots for a gain $67.  Dividends rate of 0.30 cents was declared during its full year results as announced on 26 Nov but payment date is yet to be determined and this likely to happen around Feb'13 to Apr'13. 

The nett gain of $67 came very close to the expected dividend payment of $75  (25 lots x 0.30 cents per ordinary share) so l am happy with this outcome.  This is as good as l am getting paid on the divivend payment which is approximately three months ahead; and l can also re-invest on the proceeds. 

Portfolio walk since previous posting :-

+$3,617 Total Returns as of 21 Dec

+$67 Gain on sales of Pac Andes

+$256 Unrealised positions improved

+$3,939 Total Returns as of 28 Dec

previous posting :- SRS - Closing status 21 Dec

SRS - Closing Status 7 Dec

Received SRS statement from the bank this week showing dividends received from SGX for $40 in Nov'12.

There have many news about illegal fishing by Pac Andes and its related company in Russian water in recent weeks.  And this has cause its share price been sold off to its 52 weeks low now and l think it is really in badly oversold position.  I reckon that it is normal to face political hurdles in doing businesses in foreign countries and Pac Andes will be able smooth sailing out of this tormenting storm soon.  This week l have invested into  Pac Andes 25 lots under SRS portfolio.

Also this week l have invested into Mapletree Logistics 5 lots under SRS portfolio.  I am not sure what are the impact of its failed divestment of its Woodlands property, the acquisition plan of Wuxi Logistics Park, and the recent 1.15mil new units issued for those participated in the distribution reinvestment plan.  But l do hope it can maintain its full year dividends of $0.0681 so that based on my investment costs in it l will get an annual dividend yield of 6.2%.  But l am likely to sell it away if l can already get one quarter of its dividends in advance.

I have sold off GRP 15 lots in this week under SRS portfolio for a gain of $167.  And l have missed its astronomical volume on Friday and its share price had escalated since then; such is the unpredictable action and direction of share market.  Even though the gain amount was smaller at $167 than if l have sold it off at higher share price on Friday but it was slightly higher than $150 which was the exit selling price target l have set (dividend rate of $0.01 x 15 lots).  In a way, l have been paid in advance on dividends which would XD in Mar'13.

Portfolio walk since previous posting :-

+$3,018 Total Returns as of 30 Nov

+$167 Gains on sales of GRP

+$40 Dividends from SGX

-$234 Unrealised positions worsened

+$2,991 Total Returns as of 7 Dec

previous posting :- SRS - Closing status 30 Nov