SRS - Closing Status 14 Sep

Updated as of 18 Sept
Updating this post on SGX.  I am full of surprise with SGX share price strength as it closed the day at $7.19.  It is probably due to its current CD status.  Should l have hold on to SGX and waited till closer to 26 Sept when it goes XD?  This is another lesson learnt but am uncertain of a fail-proof answer to this - how to know the real strength of a company which will XD in one to two weeks time? 

As written 16 Sept
I was attracted with SGX due to its price weakness recently so, l bought 2 lots of it this week under SRS portfolio.  I have an existing 1 lot of it currently running at loss of $690.  With a total of 3 lots, target selling price to break-even is at $7.19 and l am not sure whether this is achievable.  Its share price may have weaken but l reckon l have invested into it at quite a high price level so, I have decided to sell away 2 lots in the same week itself for a gain of $83.

Divested Valuetronics 25 lots this week for a gain of $116.  Will re-invest into it again when its share price weakens to an attractive level say, below 19 cents.

Portfolio walk since previous posting :-

+$2,001 Total Returns as of 7 Sep

+$199 Gains from sales of SGX and Valuetronics

+$89 Unrealised positions improved

+$2,289 Total Returns as of 14 Sep

previous posting :- SRS - Closing status 7 Sep

Cash - Closing Status 14 Sep

Under Cash portfolio this week, l have divested Valuetronics 25 lots for a gain of $116.  Will re-invest into it again when its share price weakens to an attractive level say, below 19 cents.

The annual dividend rate on HPH Trust S$ is at 8% and l have fully divested 15 lots of it this week for gain of 1.6%.  If l am able to do a few times of reinvestment in it with a decent profit each time then the annual dividend rate of 8% is achieveable. In an uncertain world economy, it's worth investing in HPH Trust for the 8% dividend rate.  Hence l will really want to reinvest into HPH Trust when its share price weakens below 85 cents.   

Portfolio walk since previous posting :-

-$81 Total Returns as of 7 Sep

+$376 Gains on sales of Valuetronics and HPH Trust

-$41 Unrealised positions weakens

+$254 Total Returns as of 14 Sep

previous posting :- Cash - Closing Status 7 Sep

Cash - Closing Status 24 Aug

I have invested into Valuetronics 25 lots this week under Cash portfolio. Its share price gone into after XD on 23 July.  In its 1Q13 results, revenue was higher 20% yoy but at lower profit margin because of product mix.  Inventories, Receivables, Bank balances and Trade Payables are also higher but l reckon these are due to effect of higher revenue in 1Q13. Valuetronics ceased its loss making Licensing business and will be recording its termination expenditure in next quarter (2Q13).  I think this is an important development as it continues to be forward looking and not hesitate on Adaptability to a changing marketplace. 

Portfolio walk since previous posting :-

-$523 Total Returns as of 17 Aug

+$119 Unrealised positions improved

-$404 Total Returns as of 24 Aug

previous posting :- Cash - Closing Status 17 Aug

SRS - Closing Status 24 Aug

New Toyo declared a lower dividend payout of $0.80 versus previous year's $0.97.  This is probably the reason for its share price softness recently.  I have already received my first round of advance dividend of $60 (actual would be 8 lots x $0.80 = $64) and now hoping to get a second round of it when l have re-invested into New Toyo 20 lots this week under SRS portfolio. But this time round it is probably slightly lower at around $140 ---> expected advance dividend to 'receive' 20 lots x $0.80 = $160 versus (1) selling at $0.285, gain of $140 or (2) selling at $0.29, gain of $240.  Even if l am stuck with this investment, l continue to believe New Toyo management is able to bring more business and profit despite its divestment of profitable associate company Shanghai Asia Holdings.  New Toyo also sold off its loss making Pakistan subsidiary.  Future revenue would be affected due to plain packaging guidelines in Australia starting from Dec'12 but unlikely to cause huge impact on its profit because of corresponding cost of production reduction.  New Toyo is definitely not resting on its laurels as it is actively seeking Infinite Possibilities.  

I have also invested into Valuetronics 25 lots this week under SRS portfolio. Its share price gone into after XD on 23 July.  In its 1Q13 results, revenue was higher 20% yoy but at lower profit margin because of product mix.  Inventories, Receivables, Bank balances and Trade Payables are also higher but l reckon these are due to effect of higher revenue in 1Q13. Valuetronics ceased its loss making Licensing business and will be recording its termination expenditure in next quarter (2Q13).  I think this is an important development as it continues to be forward looking and not hesitate on Adaptability to a changing marketplace.

Portfolio walk since previous posting :-

+$1,428 Total Returns as of 10 Aug

+$31 Unrealised positions improved

+$1,459 Total Returns as of 24 Aug

previous posting :- SRS - Closing status 10 Aug