Friday, November 15, 2013

"Nov 13" - SG Transactions & Portfolio Update"

 No.
 Counters
No. of Lots
Market Price (SGD)
Total Value (SGD) based on market price
Allocation %
1.
FraserCenter Point Trust
30
1.81
54,300.00
25.0%
2.
SPH
7
4.25
29,750.00
13.0%
2.
Vicom
6
4.90
29,400.00
13.0%
4.
FraserCommercial Trust
14
1.265
17,710.00
8.0%
5.
Neratel
20
0.695
13,900.00
6.0%
6.
First Reit
13
1.075
13,975.00
6.0%
7.
Ascott Reit
11
1.225
13,475.00
6.0%
8.
SembCorp Ind
2
5.39
10,780.00
5.0%
10.
Boustead
7
1.52
10,640.00
5.0%
11.
China Merchant Pacific
8
0.895
  7,160.00
3.0%
12.
Plife Reit
3
2.25
  6,750.00
3.0%
13.
Second Chance
13
0.455
  5,915.00
3.0%
14.
Ascendas Hosp. Trust
7
0.76
  5,320.00
2.0%

Total SGD


219,075.00
 100.00%

It's the time of the month again where I share with readers my updated monthly transactions and purchase for the month. I get excited whenever I update this section of the posts as I can see the fruits of my labor grow each day by each day. As the market price tends to fluctuate during any time of the economy, I usually tend to focus more on the dividends I will receive from each individual lots of my 14 holding shares. I hope it will be an inspiration to new young investors more than just showing off the value of the portfolio.

This month's stock performer in my portfolio is Boustead. With most companies reporting their quarterly results, prices are bounds to fluctuate during the month as there were some who did well and some who did not perform to expectations. But the story for growth for Boustead keeps going, from winning contracts and doing well all across the 4 segments of the business.

The only purchase I have made for the month is on Ascott Reit. As previously mentioned on my posting on Ascott, my strategy was to purchase to round it up to the best combination possible odd lots. It will probably ended up with 14 lots by the end of Dec once the rights application is open.

I think with quarterly reporting now behind us and many shares going ex-dividends in Dec, there will probably be opportunities to deploy some of the cash I have on hand. ST Eng, Plife Reit, Jardine and Neratel are a few of those I am monitoring closely. 

Due to the huge percentage allocation I currently have in Reits in my portfolio, I would probably not further add more Reits. So Plife is probably out of the way. Jardine is a little expensive to me in terms of the price it is priced in per lot (in fact, the current valuation of the company looks reasonable) and a little over my budget at the current closing price of $34 so unless it is going down to $28-$29 range I will probably give it a skip too.

We have only one final month left to the new year so be cautious, plan your cashflow accordingly and prepare enough funds if there's a sale in the market or if there is one in ... the New Robinson Mall ^.^.

3 comments:

  1. Hi,

    I would just like to point out that there is a flaw with regards to your decision to invest in Ascott Reit. I think subscribing just to get rounded up is a little flawed.

    Cash is a precious resource which must be deployed in the best way possible.

    If you feel that getting rounded up is the best opportunity in the market now then that should probably trigger more thinking about what your view on the market actually is as in a fairly priced market there should be better investment opportunities than trying to get rounded up in a rights issue.

    But overall your portfolio and strategy sound great. All the best with achieving your goals

    ReplyDelete
    Replies
    1. Hi Anonymous

      Thanks for your candid comments.

      I agree and disagree with you on your opinions above.

      I agree with you that cash is a precious resource which must be deployed in the best way possible, which is precisely why I am subscribing to the rights to get it rounded up because I feel value is there. By buying an additional lot to get the best possible combinations of odd lots, I am taking the price I bought (1.255 + 1) / 2 = 1.12, which is a couple discounts from the current market price.

      If you read my previous posts on Ascott, you would have known that I don't subscribe if I thought I am going to be worse off. I subscribe because I see value in subscribing to it ;)

      Delete
  2. Hi B

    I think that you have a point in getting the the additional lots so as to get the desired combinations of odd lots. In addition, you indicated to have seen the value in subscribing to the counter. I suppose that you would have considered the brokerage fees in the purchase of the one additional lots.

    Ben

    ReplyDelete

UA-57154194-1