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Saturday, June 13, 2015

"Jun 15" - SG Transactions & Portfolio Update"

 No.
 Counters
No. of Shares
Market Price (SGD)
Total Value (SGD) based on market price
Allocation %
1.
China Merchant Pacific
74,150
1.06
78,600.00
26.0%
2.
Vicom
8,000
6.24
49,920.00
17.0%
3.
Fraser Centerpoint Trust
10,000
2.02
20,200.00
7.0%
4.
Nam Lee Metals
70,000
0.29
20,300.00
7.0%
5.
FraserCommercial Trust
11,000
1.48
16,280.00
5.0%
6.
Silverlake Axis
12,000
1.09
13,080.00
4.0%
7.
ST Engineering
3,000
3.32
  9,960.00
3.0%
8.
Stamford Land
10,000
0.58
  5,800.00
2.0%
9.
Noel Gifts
18,900
0.29
  5,480.00
2.0%
10.
King Wan
5,000
0.28
  1,400.00
1.0%
11.
Warchest*
79,000.00
26.0%

Total SGD


300,020.00
 100.00%


*Does not include emergency, social security (CPF), insurance endowment, and short term (1 month) funds for immediate working capital.




We continued to see some pertinent weakness going into the month of Jun as the STI index has dropped about 5% from is recent high. Like everyone else, my portfolio was also affected by the movement, though the drop was smaller than expected.

Using this as an opportunity, I utilized some of the warchest into buying Silverlake (original article here) when it continued its fierce selling in recent weeks. The stock has bounced back a little from the last I bought, so I hope the fierce selling will stop from here.

I've also used this opportunity to accumulate some odd lots of CMPH when the share price retracted backwards last week. Further details can be found in my "Recent Transaction" page link. It's not any serious amount of any accumulation though I would love to add more to it if not for the already high percentage holding in my portfolio. In terms of moat, cash flow, dividend yield and valuation, it still fared as one of the best out there compared to its peers. The investment thesis remains largely the same as before.

The amount of warchest has now dropped to about 26% of the overall portfolio due to the recent buying activities. I will be paring off some of the buying activities unless a very good opportunity comes by, otherwise the risk adjusted return doesn't seem to pay off well at the moment given the current market situations.

On a personal front, I have also not managed to add on anything to the warchest for this month because of the extremely high expenses incurred. The big bulk of the difference in expenses is due to the money spent on purchasing flight tickets and hotels for our upcoming family trip in Nov later this year, which I have decided to expense all off in this month. We have not had a decent family holidays since the birth of my son so we will be looking forward to our upcoming trip later this year. Next month should look decently better, though much hope will be towards the month of August when I will receive some dividends which will help in terms of managing some of the expenses.




The net worth of the portfolio has fared disappointingly for the past two months as we've seen a general market decline more than anything else. It has dropped from the previous month of $304,430 to $300,020 for this month. I will not be overly concerned with the drop as the market is known for its volatility in the short term but tend to perform much predictably in the long term. I'll continue to sit while waiting for the dividend paying companies to announce dividends in the second half of the year.

What about you? How has your portfolio fared for this month? Did you add on to any opportunities?


20 comments:

  1. Hey!
    It's me(Caleb) again!

    i've previously commented on one of your post written in O&G!
    Through this post, didn't see that you've added O&G into your portfolio?

    Any rationale that you decided not to purchase from open market after the failed IPO?
    Do you find that the valuations was too high when it opened?

    Thanks!

    ReplyDelete
    Replies
    1. Hi Caleb

      Good to hear from you again :)

      I didn't manage to get it from the IPO so once it shoots up from the very first trading day, I didn't even bother to look back. It's not in my habit that I would chase after the stock has risen up. The way it is trading now is way overvalued in my opinion, I wouldn't even consider it at a slightest bit.

      Delete
  2. I added CMPH and silver lake too for long term investment. I also added M1 and Singtel both for short term gain. In fact I see a huge lot of opportunity in buying due to the corrections done in the market!

    ReplyDelete
    Replies
    1. Hi Anonymous

      Congrats on your purchase. It looks like you've managed to eek out some nice purchase during the small correction.

      Delete
  3. Hi,

    1. Your portfolio shows Market Price of $1.09 for Silverlake Axis? I thought you got it at $0.94?

    2. I'm pretty new to investing and with just a little capital compared to yours. I just like to ask when did you start investing and your initial capital? If you don't mind. I dream of having a portfolio like yours. :D

    ReplyDelete
    Replies
    1. Oops, sorry, I guess the answer to #1 is because that column is current market price. Nvm that. :D

      Hope you can answer #2. Thanks B!

      Delete
    2. Hi Anonymous

      Yep the first one is on the market price.

      On the second question, i started investing in 2010/2011 with a much smaller capital. It was during the euro crisis at that time so i managed to edge out some gains when markets rebound eventually and i locked in some of those gains. At this market condition, it's definitely not going to be easy to replicate those gains but i remain hopeful for the longer term.

      If you are new to investing, my advise would be not to rush into investment which you do not understand but yet many people are talking about it. Take it slowly and opportunities will arise. All you need is one good trade and the returns will compound over time from there.

      Delete
  4. Hi B,

    Very exciting to hear about your upcoming family holiday in November!

    The recent declines are pretty minor in the scheme of things, but you've still got a very decent sized warchest which is a great place to be if some major buying opportunities arise.

    Fingers crossed for a turnaround next month!

    Cheers,

    Jason

    ReplyDelete
    Replies
    1. Hi Jason

      Yes, I can't wait for the upcoming holiday in November.

      I'm taking the longest break ever in November and I still have another 14 days more to go in the year with only a month left.

      The decline is a general market trend globally. I guess I will need to pace down on my buying activities lest there are much greater opportunity to come by one day.

      Delete
  5. any thoughts of adding more ST engineering? Its currently trading at close to 2 year lows with an indicative yield of 4.5%

    Holding 26% in cash seems a lot, do you intend to gradually deploy it or are you timing the market for lower prices ahead?

    ReplyDelete
    Replies
    1. Hi Felix

      I'm unlikely to add on to ST Eng unless it drops a little more to around $3.1x. Even so, their valuation are not exactly very cheap and there are little growth to contend with.

      Regarding the warchest, I'm intending to slowly deploy them. I'm seeing a lot more opportunities come by in today's volatile market conditions so I'm keeping them in case I see some compelling case that is difficult to ignore.

      Delete
  6. Hi B,

    Good to spent tickets on Family tour! U r so active in stock market this year and good to see you balance your family and maybe a little bit of "work" since u do spend at least 7-8hrs in work.

    Anyway good portfolio! Your Amt of effort in your portfolio will definitely pay off handsomely.

    ReplyDelete
    Replies
    1. Hi Rolf

      Yea, I really can't wait for the upcoming Nov holidays. It's actually not so much about the money but because I have to wait until my toddler has aged to a certain age where it's more convenient for him to fly and I guess soon is the time now. I'm ready to fly anytime :)

      You've been rather busy flying around, hope everything is well on your side.

      Delete
    2. Hi B,

      Understood on the toddler part. My one daughter is 4yrs old and she never travel out of the country before. Like u, this yr end is the time she see outside Sg.

      I am still surviving. Thanks for asking. Really need to find time to exercise for me. If I stop exercising, illness will come visit me. So I try my best to exercise in hotel gym!

      Delete
  7. Super warchest you have there, great idea. Enjoy your holidays B!!

    ReplyDelete
  8. Hi B, just noticed your blogroll on your blog. Would be great if my blog could be added too if you feel it deserves being added of course! Lol I've long added your blog on my as well as i found it a great read.

    Thank you!

    ReplyDelete
    Replies
    1. Hi Paul

      I've added you to the list now :)

      Delete
  9. B

    Bought sembcorp industries share price of 4.20.Any idea if it is going up north soon? I should hold on now and wait for the dividends.

    ReplyDelete
    Replies
    1. Hi Joey

      My guess will be that earnings will be poor this year, so unless we see a significant spike in the oil price, otherwise I'm afraid the weakness may continue to be pertinent.

      Delete
    2. Thank you so much B. Shall keep the shares and monitor it. Can only wait for the dividends month.

      Delete

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