SRS - Closing status 31 December

Received SRS statement from the bank this week for December.  In the statement, the following dividends were received in Dec month :-

$20.00 Tat Hong

$67.50 Sin Heng

Portfolio walk since previous posting :-

+$6,114 Total Returns as of 20 Dec 

+$88 Dividends from Sin Heng, Tat Hong

+$1,378 Unrealised positions improved

+$7,578 Total Returns as of 31 Dec

previous posting :- SRS - Closing status 20 Dec

Remarks :- Profits locked in to-date $12,602 / year 2013 $6,976

SRS - Closing status 6 September

Earlier part of the week l have divested Ascendas Reit 2 lots at $81 nett gain; under one week of investment into it.  Projected next dividend amount at $71 = 2 lots x dividend rate (assumed same as last year) $0.0353 so the $81 nett gain came in slightly higher.  With this divestment l do not have to wait till its next XD date in Oct'13 and l have already collected its dividends in advance by around three months as payment expected to happen in Nov'13.  And l can already re-cycle the proceed for my next investment.    

Later part of the week l have re-invested into Ascendas Reit 2 lots.  Its new property building in Fusionopolis already achieved a pre-commitment for 58.3% of the lettable space. Another 16.2% of the lettable space is under advanced negotiation.  So can it can expect more revenue in the near future.  If l am stuck with this investment then based on my investment costs in it then l can expect a 6.3% dividend yield per year from it.  As usual, l am eyeing an exit selling price equal to its next dividend payment in Nov'13.

Received bank statement in this week for my SRS portfolio and there were records of dividends in it for August month :-

$216.40 CDL Hospitality Trusts
$108.00 Mapletree Logistics
$100.00 Sembcorp Marine
$62.50 SingPost
$50.00 Tat Hong

Divested away Cache Logistics 3 lots in this week under SRS portfolio at $47 nett gain.  Assuming that dividend rate same as last year, l have actually managed to collect 73% of it ---> 3 lots x dividend rate $0.02144 x 73% = $47.  Anyway l am still happy with the $47 nett gain as it is a 1.4% returns of my investment costs in it for a duration of two weeks which is better than bank savings rate . Hoping to re-invest into it soon.

Portfolio walk since previous posting :-

+$4,624 Total Returns as of 30 Aug

+$537 Dividends from Sembcorp Marine, SingPost, Tat Hong, CDL HTrust, Mapletree Logistics

+$128 Gain on sales of Cache Logistics, Ascendas Reit

+$651 Unrealised positions improved

+$5,939 Total Returns as of 6 Sept

previous posting :- SRS - Closing status 30 Aug

SRS - Closing status 12 July

Added  Mapletree Commercial Trust 1 lot in this week under SRS portfolio so, l have total of 2 lots of it now.  Just in case l am stuck with my investment in it then l can still expect an annual dividend yield 5.8%.  Distributable income is likely sustainable at 2012 rate or even higher with the completion of Mapletree Anson acquisition in early Feb'13.

Invested into Tat Hong 2 lots.  Its near term outlook is quite risky due to weakness in AUD currency where it has significant business there.  Its share price has been correcting since 22 May till now so further downside from current point seems quite limited.  Its next XD date is 5 Aug and just in case l am stuck with it beyond this XD date then l can expect annual dividend yield of 3.3% for calendar year 2013.  Annual dividend yield 3.3% is still reasonably okay especially when comparing against bank fixed deposit rate for investment amount of $2.4k.

When l have invested into Sin Heng Heavy Machinery 15 lots in this week l have overlooked the fact that it is currently going through Rights Issue which will ex-Rights on 18 July.  I have never like the idea of subscribing to Rights Issue due to expensive costs involved when divesting away odd lots.  Hoping to divest away Sin Heng before it goes ex-Rights.  Its nine-months results on both revenue and profit are really good and it has cash generating status on operating activities.  l will definitely re-invest into Sin Heng if l "survived" whilst divesting it away next week.  If l am stuck with it then based on my investment costs in it l can expect an annual dividend yield of 3.8%.
 
Divested Frasers Centrepoint Trust  (FrasersCT)  2 lots in this week under SRS portfolio, again.  Investment duration was only within one week for a nett gain of $42 or 1.1% returns which is better than bank rate for savings account.   Its next dividend likely to XD 31 July and assuming a dividend rate $0.026 same as last year then the nett gain of $42 is 80% of the full dividend amount ---> 2 lots x dividend rate $0.026 x 80% = $42.  I am still okay with it as the investment duration is short.  Will re-invest into FrasersCT when its share price weakens again.

Invested into Suntec Reit 1 lot in this week under SRS portfolio.  But l have divested it away within the same week for a nett gain of $24.   Assuming that its next dividend is having same XD date as last year 26 July and also same dividend rate $0.02361 then l can expect dividend amount of $24 = 1 lot x dividend rate $0.02361.  So, l have actually collected its dividend in advance in this week rather then waiting for its payment date on 27 Aug (assuming same as last year).

Finally, l have invested into SingPost 10 lots in this week.  Looking forward to its usual next dividend which will XD on 14 Aug at dividend rate of $0.0125 if it is maintained the same as previous years.

Portfolio walk since previous posting :-

+$7,544 Total Returns as of 5 July

+$65 Gain on sales of Suntec Reit, Frasers Centrepoint Trust

+$86 Unrealised positions improved

+$7,695 Total Returns as of 12 July

previous posting :- SRS - Closing status 5 July

Cash - Closing Status 15 Mar

In this week l did a little thinking on my investments in growth stocks and have decided to sell them away, for now.

Invested into growth stock Tat Hong 1 lot last week but have decided to divest it away for a small profit of $7 in this week.   I am certain its full year financial will achieve a double digit growth rate on revenue and profit.  And going into FY2014 is it able to match or maintain the growth rates achieved in FY2013?  If Tat Hong is not able to keep up its growth momentum in FY2014 then l do see it as a potential pressure on its share price from climbing higher.  It last achieved 52 weeks high at $1.60 on 14 Feb and it is an important price resistance level to overcome.  Its annual dividend yield is only around 2.0% at current price level so unless it decides to pay an even higher dividend rate it is very unlikely for me to re-invest into Tat Hong.

The last time l have invested into First Resources was in Jan'13 and l have decided to re-visit it this week for my Cash portfolio.  But my investment in First Resources 1 lot did not survive through the week as l have divested it away for a small profit of $11.  l continue to view First Resources positively in terms of growth potential but at the same time l am quite unhappy with its annual dividend yield which is 2.18% at current price level.  Its current price level is quite far away from its 52 weeks high of $2.23 achieved back in Aug'12.  l see great volatility in its share price movement which is great opportunity for traders but certainly not for normal investor like myself when invested into it and stuck with it at higher price level and hence only have to depend on it for low income stream of dividend yield at 2.18%.  This explains for the reason in keeping my investment low in growth stock like First Resources.  l will participate in First Resources growth potential on an ongoing basis (rotational) so long as its share price is still far away from its 52 weeks high but my future investment in it will be kept to 1 lot of investment, at most.       

GRP went XD this week and its intraday stock price was $0.30 - $0.315.  Based on 11 lots holding in GRP under my Cash portfolio, l would have booked a loss between $448 - $283 if have sold it all away after it went XD.  But l would have collected dividend amount of $550 per its dividend rate of $0.05.  So if l have sold it away after XD then my nett profit (dividend collected less divestment loss) would be between $102 - $267.  But alas, l did not have the courage to face the unknown on what its stock price will be after XD so l have sold it all away before it went XD for a profit of $101.  At Friday's closing bell, there are :- Sell 334 lots at $0.315 vs Buy 25 lots at $0.305.  At half time, GRP results were mixed whereby revenue was flat and profit was higher; positive operating cash flow but lower vs comparative period; healthy current ratio. Will re-invest into GRP if its share price weakens to around $0.23 - $0.26.

I have re-invested into Duty Free 3 lots this week under Cash portfolio.  Its 9M2013 results have been good though could have been better if not for the increases in certain expenses categories.  Using 3Q2012 running rate Duty Free should be able to hold its financials growth rates in 9M2013 at full time.There is potential annual dividend yield of around 5.0% which is quite okay just in case l got stuck in it at current price level; which is quite near to its 52 weeks high of $0.48 achieved in Feb'13.

Portfolio walk since previous posting :-

+$984 Total Returns as of 8 Mar

+$119 Gain on sales of Tat Hong, First Resources and GRP

-$37 Unrealised positions worsened

+$1,065 Total Returns as of 15 Mar

previous posting :-  Cash - Closing Status 8 Mar

Cash - Closing Status 8 Mar

Singapore Shipping Corpn (Sp Ship) is likely to announce a dividend rate of $0.01 (same as last year) in its full year results around 22 May'13 and based on past dividends, it will XD in early Aug 2013.  For my holding in Sp Ship 10 lots, l can expect a dividend amount of $100 (10 lots x dividend rate $0.01).  I have divested all of Sp Ship 10 lots under Cash portfolio in this week for a profit of $38; collecting a partial advance dividends.  I am hoping to re-invest into Sp Ship at lower share price level. 

Just realized that Duty Free pays a very small dividend rate of $0.0025 when it announced 4Q2012 results last year.  Based on my 2 lots holding of Duty Free, the expected dividend amount will be $5 ($0.0025 x 2 lots).  So this week l have decided to collect an advance dividend from Duty Free when l sold it away for a gain of $25 or a dividend yield of 2.9% based on my invested funds in it.  l am hoping to re-invest into Duty Free when its share price is at a lower level as its current annual dividend yield is at 5.1%.

Invested into Tat Hong 1 lot this week under Cash portfolio.  Its 9M2013 is quite good though its biggest revenue segment on Distribution came in softer at -7% in 3Q2013 comparing to last year.  For 9M2013, revenue +18.5%, profit +66.6%.  For its full year financial l am expecting it to keep to its double digit growth rate on revenue and profit.  On an ongoing basis into next financial year, the only revenue segment to eyeballing for potential de-growth is on Distribution as revenue from Australia can be expected to slowing down further.  Its annual dividend is only at 2.0% so Tat Hong is a growth stock.  

I have added GRP 1 lot in this week under Cash portfolio so l have 11 lots of total holding of it now. 

CM Pacific reported full year financial of revenue +110% and profit +105%.  This is an impressive set of results but its share price comes under selling pressure in this week as l suspect investors are expecting a special dividend or a higher final dividend rate.  l have invested into CM Pacific 4 lots this week under Cash portfolio.  Its annual dividend rate of 6.1% is quite attractive indeed  A good stock to invest for passive income stream if bear market decides to pay a visit, in the coming weeks or months.

l have invested into Perennial  China Retail Trust 1 lot under Cash portfolio this week.  Will accumulate Perennial if its share price weakens as revenue (and profit) will continue to gushing in for year 2013.

Portfolio walk since previous posting :-

+$1,024 Total Returns as of 1 Mar

+$63 Gain on sales of Duty Free and Singapore Shipping Corpn

-$103 Unrealised positions worsened

+$984 Total Returns as of 8 Mar

previous posting :-  Cash - Closing Status 1 Mar