Cash - Closing Status 4 May

There is only one movement under my Cash portfolio and it was a dividend received in the mail this week for STX Pan Ocean which l have kept it for more than 3 years and finally sold off at a huge loss in Feb'12.

Portfolio walk since previous posting :-

$444 Total Returns as of 27 Apr 

+$7 Dividend from STX Pan Ocean

-$590 Unrealised positions worsened

-$139 Total Returns as of 4 May

previous posting :- Cash - Closing Status 27 Apr

Investment activities - week ending 10 Feb

The focus here is the Cash portfolio as l have just updated the investment activity under the SRS portfolio.
Investment activities this week under Cash portfolio as below :-

FSL
Bought 10 lots of FSL this week when the price fell to 0.190 with the intention to averaging down.  But seeing that its road to better dividends days is getting tougher now so, l have decided to moved out my invested funds. The decision to sell away FSL is indeed a hard choice.  This is because l do still have full faith with the Management of FSL.  However, in order to move forward from here, l must not be overly emotional of it.


STX PO

I have finally braved up and sell off Stax Pan Ocean which was purchased back in August 2008.  The stock has gone through Consolidation which turned my 1 lot share into 100 shares.  Weeks after that, the stock price has been going downhill but have been gaining some strength of late. This is because there have been many speculations that it will be bought over soon.  Anyway, time to move on to reinvest the proceeds in other dividend paying companies.

CitySpring

I have this week sold off entire 15 lots of CitySpring after collected its dividends in advance which was derived from the exit selling price worked out. Will consider future reinvestment in it if its price weakens.

Ocean Sky
Original number of shares on Ocean Sky was 22 lots.  Only succeeded sold 20 lots of it at year end 2011 and now selling away the remaining 2 lots this week.  In its last announced results, gross margin is higher due to better mix but almost unchanged for nine months period.  Let's see whether there is a repeat of its Qtr 3 success in its Qtr 4 results probably, end of February month.  It has healthy balance sheet but l am worry of its higher inventory level at the end of the nine months period.  Reason given for this is due to higher level of confirmed orders for the succeeding quarter and l reckon this refers to Qtr 4; let's see.  If it's price weakens, l would consider reinvest in it.

Casa Holdings
I have set the exit selling price on Casa at $0.139.  With its stock price ends at $0.131and having notice its ex-dividend date is 13 Feb and also as overall share market weakens, l have decided to pull out my invested funds of 16 lots in it.  The company has a healthy balance sheet so, l shall revisit it again closer to its next dividend payment date, in next year (2013).

Cache Logistics
I will be getting the dividend from Cache Logistics when the cheque is in the mail on 29 Feb for my 4 lots in it.  Sold off entire 4 lots at break even this week and there is slim chance of reinvestment in it as l reckon other companies can offer higher dividend payout rate.


Sabana Reit
I will be getting the dividend from Sabana Reit  when the cheque is in the mail on 29 Feb for my 2 lots in it.  Sold off entire 2 lots at break even this week and there is a possibility for me to reinvest in it when its price weakens as its payout rate is quite good.

Datapulse Technology
Sold away 7 lots on Datapulse this week.  Its financials are looking good for Qtr 1, which was announced on 13 Dec 2011.  But as its expected ex-dividend date is in November, so pulling out my invested funds for now.

SG Medical
Added 25 lots in SG Medical this week but upon reviewing its financials further, it seems that they are not so outstanding.  So, l have sold off entire 41 lots in it.    There is also a private funds (Kendall Court) investing considerably in SG Medical for its eyes surgery centres in China.  Though its financials are not so outstanding but considering an anticipated higher dividends, l would consider reinvestment in it if its price weakens before its yet to be announced but assumed ex-dividend date in mid April.     


previous postings :- Cash - Closing Status 3 Feb, Investment activities - week ending 3 Feb

Cash - Closing Status 16 Dec (unrealised stocks status)

Added Tech Oil & Gas 4 lots, HTL Int 6 lots, Ocean Sky 22 lots, LippoMalls 9 lots.

Sold SingTel 0.500 lots.

I hope to sell these counters next, which failed the annual dividend target based on a 100% funds allocation test - Mapletree Ind, First Reit, Cache, SingPost, Starhill Global, STXPO, Suntec Reit.  Restructuring and reallocation of portfolio is necessary so as to maximize (dividend) returns due to limited funds.  Selling these counters now would means suffering losses so, l will wait for better prices.

Most difficult to sell is STXPO of 0.1 lots, which was purchased in June 2008 and from past records which l managed to retrieve it was subject to share consolidation in Dec 2008.  Selling STXPO now means a loss of $2.2k!  STXPO will be in my to-sell list for the longest time.

Five big stocks in their biggest funds allocation order are LippoMalls 12%, CitySpring 8%, Tech Oil & Gas 8%, Suntec Reit 7% and FSL 7% totaling to 41% of the overall Cash portfolio. Suntec Reit will soon be removed from this five big stocks and be replaced by LippoMalls, CitySpring and Tech Oil & Gas.



previous post :-

Cash - Closing Status 09 Dec

Cash - Closing Status 25 Nov (unrealised stocks status)

STXPO of only 100 shares is the single largest contributor (at 47%) of paper losses in the cash portfolio.  Not really sure how many share market bull runs for it to achieve a much smaller negative returns so that l am okay to let it go. If only l have more of MacqIntInfra; it is the smallest member of the cash portfolio but shines the brightest amongst all in terms of paper gain.