Cash - Closing Status 17 Feb

For this week under the Cash portfolio :-

Bought SingPost 10 lots, M1 3 lots, STX OSV 3 lots
Sold Starhill Reit 6 lots, Mapletree Industrial 2 lots, STX OSV 3 lots, Nam Lee 11 lots and First Reit 3 lots.

Sold Starhill Reit, Mapletree Industrial and First Reit as these have gone ex-dividend and l can get back the invested funds at break even price; for reinvestment use.  The dividends on these stocks will be in the mail to me on 29 February.

The ex-dividend date on Nam Lee is not known yet so, l am selling all the 11 lots now for a small profit and am hoping to buy into it again at lower price so that it is easier to achieve the exit selling price set.

The strength on STX OSV surprises me as l initially thought that it would Not be able to reach the exit selling price target based on the proposed dividend payout rate which l have worked it out.  This is the risk premium reward for braver investors but for a normal retail investor like myself, it's okay not to pursue it further into uncharted territory. 

Portfolio walk since previous posting :-

$1,198 Total Returns as of 10 Feb 

$175 Gain on sales of Starhill Reit, Mapletree Industrial, STX OSV, Nam Lee, First Reit

-$225 Unrealised positions worsened

$1,147 Total Returns as of 17 Feb

previous posting:- Cash - Closing Status 10 Feb

Random thoughts

Bought STXOSV (MS7) 3 lots this morning as l was attracted by its $0.10 cents dividend; so, average cost is $1.605.  Then l tried working out the exit price at break even but with the dividend payable amount factored in, and it is at $1.715.

I was thinking that this is far too stretched so l have decided to exit at much lower price in the same morning today, at average selling price $1.625.

The overall market is currently kind of overheated.  Where is it heading to in the coming days and weeks?  Thinking of Random Walk Theory now.

I am still trying to sell into strength on some stocks under my cash, srs and cpf portfolios so that l can reinvest the proceeds when the stocks prices are lowered.  But these stocks under my portfolios are still Not at their break even levels yet so, l am hoping that this current bull market to continue.

STX OSV the mightiest of them all

STX OSV achieves highest revenue and margins in operating history

- All-time high revenue up 4% year-on-year to NOK 12.4 billion in FY 2011

- Full-year EBITDA up 77% to NOK 2.36 billion with EBITDA margin at a record 19.0%

- Final dividend of SGD 10 cents per share to be recommended for FY 2011

- Improved order wins in 4Q 2011 with order intake of NOK 6.03 billion, including contracts for Petrobras Transportes S.A. (“Transpetro”) worth NOK 3.29 billion

- Order book of 54 vessels at year-end 2011, of which 32 are STX OSV’s own design

Mr Roy Reite, Chief Executive Officer and Executive Director of STX OSV, commented, “Despite ongoing economic headwinds, we have observed robust activity in the deepwater offshore oil and gas exploration and production sector, which we believe will continue to underpin healthy demand for our proprietary designs and vessels.”