Saturday, April 9, 2016

"Apr 16" - SG Transactions & Portfolio Update"‏

No.
 Counters
No. of Shares
Market Price (SGD)
Total Value (SGD) based on market price
Allocation %
1.
OCBC
6,000
8.78
52,680.00
13.0%
2.
Kingsmen
80,000
0.67
53,600.00
13.0%
3.
Ho Bee Land
22,000
2.15
47,300.00
12.0%
4.
ST Engineering
12,000
3.11
37,320.00
10.0%
5.
China Merchant Pacific
45,000
0.82
36,900.00
9.0%
6.
Fraser Centerpoint Trust
13,000
2.00
26,000.00
6.0%
7.
IReit Global
32,000
0.70
22,400.00
6.0%
8.
City Development
2,000
8.40
16,800.00
4.0%
9.
HK Land*
1,500
8.33*
12,495.00
3.0%
10.
CapitaCommercial Trust
8,000
1.44
11,520.00
3.0%
11.
Ascott Reit
10,000
1.09
10,900.00
3.0%
12.
Keppel DC Reit
10,000
1.07
10,700.00
3.0%
13.
Nam Lee Metals
35,000
0.29
10,150.00
3.0%
14.
First Reit
8,000
1.23
  9,840.00
2.0%
15.
Neratel
13,000
0.55
  7,150.00
2.0%
16.
MTQ
6,000
0.52
  3,120.00
1.0%
17.
Warchest*
30,000.00
7.0%
Total SGD
400,314.00
 100.00%


This will be an early update for the month as I don’t foresee any more additions until next month where most of my companies are paying out dividends. The following coming weeks will also be busy with AGM updates and Q1 results.

The market continues the sideways consolidation as we’ve moved up and down within the range of 2750 – 2850 from the past month. I think we’ll see this range of consolidation for quite some time probably. 

This has been a good month in terms of cashflow as I received a cash injection from my variable bonus payout which I channelled it right into the market. As a result of these buying activities, my cash balance has remained rather low so I’ll have to remain discipline with keeping some of these money on the side for any good opportunities. My definition of good opportunities involve at least a 10% ROIC annualized including dividend. Hopefully, I’ll be able to spot more of those. There will also be dividends pouring in from next month so I’ll have to wait until then to make the next purchase. 




From the last update, I’ve made a couple of transactions which I have blogged them about it in detail.

First, I made a purchase on Ascott Reit for 10,000 shares at a price of $1.065 which I have blogged here. Since I have bought them before the placement was concluded, I am also entitled to the advance distribution which I am entitled of at 1.5 cents/share paid out in April. As mentioned in my post, I am purchasing this company for income play so I am not expecting any upwards capital appreciation from the purchase other than the dividend of around 7.6%. Hopefully, they’ll prove me wrong so I can achieve a higher returns. 

The AGM will be held on the 14th April at 10am but I’m still deciding to see if I should attend them.

I also used the recent market weakness to accumulate my position in Kingsmen further which I purchased at a price of $0.61 for 23,000 shares. If you are interested, you can view my post here. As mentioned in my post, the share price has been battered pretty badly over the last 6 months and any disappointments in their FY15 earnings seemed to have been factored in. The near term outlook is no anywhere promising but the longer term aspect and moat are still standing strong. I think the market has overly been pessimistic about discounting these factors. 

The company has recently announced change in their top management personnel so we might see some positive synergy coming in from the new CEO, who has previously held the position of the company’s COO. The share price has also recently surged 10% from when I last purchased so there seems to be more interested investors on this company now. 

Finally, I also made my maiden purchase in Hongkong Land for 1,500 shares at a price of US$5.95. As mentioned in my post, my intention here is to monitor their commercial recurring income which I believe has provided sufficient safety for any downside. The company is in a very comfortable position to continue paying 19 cents/share dividend out of their recurring cashflow so anything from here is a bonus. 




My portfolio has been consolidating within range since last year and the last 2 months performance have been great because I've been able to take advantage of the bear market when STI went down to 2500s. This is why I love downmarket because opportunities are aplenty and you can get more value out of your money than when the market is near the bull. Many of those names which I have bought during the recent bottom has performed well, notably Ho Bee, CDL, HK Land (Hey, who says developers are lousy investment!!??), ST Engineering, OCBC and Kingsmen.

The portfolio has subsequently benefited from the previous month of $371,890 in Mar to $400,314 in Apr (+7.6% month on month; +30.4% year on year). With the market still consolidating sideways at this point, it will be a good time to allow investors to raise cash while waiting to see if there will be a sell in May and go away tantrum.

How has your portfolio been in Apr?

21 comments:

  1. Hi B,

    Congrats on going above 400K!

    Cheers,
    Farmer.

    ReplyDelete
    Replies
    1. Hi PIF

      Many thanks on your kind words.

      Delete
    2. Ass...saya tidak menyanka kalau saya sudah bisa sesukses ini dan ini semua berkat bantuan MBAH RAWA GUMPALA,saya yang dulunya bukan siapa-siapa bahkan saya juga selalu dihina orang dan alhamdulillah kini sekaran saya sudah punya segalanya,itu semua atas bantuan beliau.Saya sangat berterimakasih banyak kepada MBAH RAWA GUMPALA atas bantuan nomor dan dana ghaibnya,alhamdulillah kini saya sudah bisa membuka usaha kembali yang dulunya pakum karna masalah faktor ekonomi dan kini kami sekeluarga sudah sangat serba berkecukupan dan tidak pernah lagi hutang sana sini,,bagi anda yang punya masalah keuangan jangan sungkan-sungkan untuk menhubungi MBAH RAWA GUMPALA karna insya allah beliau akan membantu semua masalah anda dan baru kali ini juga saya mendaptkan para normal yang sangat hebat dan benar-benar terbukti nyata,ini bukan hanya sekedar cerita tapi inilah kisah nyata yang benar-benar nyata dari saya




      (((( BUKA BLO DANA GHAIB DAN NOMOR GHAIB MBAH RAWA GUMPALA ))))







      Ass...saya tidak menyanka kalau saya sudah bisa sesukses ini dan ini semua berkat bantuan MBAH RAWA GUMPALA,saya yang dulunya bukan siapa-siapa bahkan saya juga selalu dihina orang dan alhamdulillah kini sekaran saya sudah punya segalanya,itu semua atas bantuan beliau.Saya sangat berterimakasih banyak kepada MBAH RAWA GUMPALA atas bantuan nomor dan dana ghaibnya,alhamdulillah kini saya sudah bisa membuka usaha kembali yang dulunya pakum karna masalah faktor ekonomi dan kini kami sekeluarga sudah sangat serba berkecukupan dan tidak pernah lagi hutang sana sini,,bagi anda yang punya masalah keuangan jangan sungkan-sungkan untuk menhubungi MBAH RAWA GUMPALA karna insya allah beliau akan membantu semua masalah anda dan baru kali ini juga saya mendaptkan para normal yang sangat hebat dan benar-benar terbukti nyata,ini bukan hanya sekedar cerita tapi inilah kisah nyata yang benar-benar nyata dari saya.

      Delete
    3. How I Was Rescued By A God Fearing Lender {Lexieloancompany@yahoo.com}

      Hello, I am Andrew Thompson currently living in CT USA, God has bless me with two kids and a lovely Wife, I promise to share this Testimony because of God favor in my life, 2days ago I was in desperate need of money so I thought of having a loan then I ran into wrong hands who claimed to be loan lender not knowing he was a scam. he collected 1,500.00 USD from me and refuse to email me since then I was confuse, but God came to my rescue, one faithful day I went to church after the service I share idea with a friend and she introduce me to LEXIE LOAN COMPANY, she said she was given 98,000.00 USD by MR LEXIE , THE MANAGING DIRECTOR OF LEXIE LOAN COMPANY. So I collected his email Address , he told me the rules and regulation and I followed, then after processing of the Documents, he gave me my loan of 55,000.00 USD... So if you are interested in a loan you can as well contact him on this Email: Lexieloancompany@yahoo.com or text +1(406) 946-0675 thanks, I am sure he will also help you.

      Delete
  2. Hi there,

    Your portfolio has been an inspiration!

    Wanted to ask what's your averaged cost price for Kingsmen, as you've quite extensively cost-averaged down over the past year. Am thinking of starting a position, but is a little uncertain on whether it's still within a good reward-to-risk ratio.

    ReplyDelete
    Replies
    1. Hi There,
      Your question is quite personal and I don't think it is appropriate to ask here, you need to do the homework yourself.
      All investors need to do their homework, we enter at different prices and at different periods and that's how the stock market work.
      Just my 2 cents ;-)

      Delete
    2. Assuming full disclosure of all his trades, you can simply calculate his average price base on his 3 blog posts on Kingsmen. I entered recently after getting "intro-ed" to it here and then assessing the company. End of the day be responsible for your own research.

      Delete
    3. I am wary when people starts asking about the cost because their investment decision will be based on someone cost which is kind of ...

      Delete
    4. Hi Anonymous

      My average costs for Kingsmen should be in the mid 70s. I really don't bother too much about what's my initial costs to be honest. If it is time to sell, I won't hesitate to do so even if the selling price is below my average costs.

      Delete
    5. Good job B

      "If it is time to sell, I won't hesitate to do so even if the selling price is below my average costs."

      Delete
  3. Hi B,

    Good going there! $400K! New milestone.

    I think you are on target to hit your "goal" at the end of the year, especially if the market rebounds.

    ReplyDelete
    Replies
    1. Hi 15hww

      Thanks for your words.

      I hope we can both achieve something by end of this year :D

      Delete
  4. B, does your 7.6% include the newly added capital?

    ReplyDelete
    Replies
    1. Hi SMK

      Yes, the month on month gain of 7.6% includes $16K capital injection (because of bonus this month) and $14K capital gain for the month.

      Delete
  5. Looks like Kingsmen, OCBC and Ho Bee have heavy weightage in your portfolio now. Good job to your portfolio hitting a new milestone!

    For myself, first quarter of year 2016 was good since I topped up portfolio in February 2016 when sentiment was bad. Doing nothing while the stock market has a rally is also a good decision =)

    In the meanwhile, I am on a lookout for undervalued stocks with good prospects and topping up portfolio if there is a chance to do so.

    ReplyDelete
    Replies
    1. Hi Trailblazer

      I'm keeping a close development look on my top 5 holdings while the rest are basically reits which requires lesser development, knowing the manager is doing their job properly.

      Indeed, even as market has somewhat rallied, I think we should continue to keep a lookout for potential undervalued play.

      Delete
  6. Hi B,

    Congrats on reaching the $400k milestone! :)

    ReplyDelete
    Replies
    1. Hi DK

      Congrats to you as well.

      You are doing very well on your portfolio.

      Delete
  7. >$400K is awesome! It was like yesterday when I found your blog and you were at the sub $300K. Congrats, bro! keep on sharing!

    ReplyDelete
    Replies
    1. Hi Vivianne

      Many Thanks.

      I hope the tree will continue to grow in the right direction for years to come :)

      Delete
  8. How I Was Rescued By A God Fearing Lender (Lexieloancompany@yahoo.com)

    Hello, I am Andrew Thompson currently living in CT USA, God has bless me with two kids and a lovely Wife, I promise to share this Testimony because of God favor in my life, 2days ago I was in desperate need of money so I thought of having a loan then I ran into wrong hands who claimed to be loan lender not knowing he was a scam. he collected 1,500.00 USD from me and refuse to email me since then I was confuse, but God came to my rescue, one faithful day I went to church after the service I share idea with a friend and she introduce me to LEXIE LOAN COMPANY, she said she was given 98,000.00 USD by MR LEXIE , THE MANAGING DIRECTOR OF LEXIE LOAN COMPANY. So I collected his email Address , he told me the rules and regulation and I followed, then after processing of the Documents, he gave me my loan of 55,000.00 USD... So if you are interested in a loan you can as well contact him on this Email: lexieloancompany@yahoo.com or text +1(406) 946-0675 thanks, I am sure he will also help you.

    ReplyDelete

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