Saturday, January 14, 2017

"Jan 17" - SG Transactions & Portfolio Update"‏

No.
 Counters
No. of Shares
Market Price (SGD)
Total Value (SGD) based on market price
Allocation %
1.
CDL Hospitality Trust
50,000
1.405
70,250.00
14.0%
2.
Ireit Global
73,000
0.725
52,925.00
11.0%
3.
Fraser Logistic Trust
40,000
0.94
37,600.00
8.0%
4.
Lippo Mall Trust
80,000
0.37
29,600.00
6.0%
5.
Kingsmen
45,000
0.64
28,800.00
6.0%
6.
ST Engineering
8,000
3.40
26,720.00
6.0%
7.
M1
10,000
2.10
21,000.00
6.0%
8.
FCL
10,000
1.645
16,450.00
3.0%
9.
Micro-Mechanics
15,000
0.87
13,050.00
2.0%
10.
Singtel
3,000
3.83
11,490.00
2.0%
11.
Sabana Reit
30,000
0.355
10,650.00
2.0%
12.
First Reit
8,000
1.275
10,200.00
2.0%
13.
UMS
15,000
0.62
  9,300.00
2.0%
14.
OCBC
24
9.38
     225.00
1.0%
15.
Warchest*
150,000.00
30.0%
Total SGD
488,260.00
100.00%


This is the first update of the the beginning of the new year.




Since the start of the month, the market has been on a tear run over the last couple of weeks, sending the STI up and well over the 3,000 mark. When the market is up, there's obviously lesser compelling things to buy so I have to look for opportunities harder. If any, it would be to lock in some of the gains first. My strategy is always having the intention to hold them for long term, but if Mr Market is offering me a good 10% gains in the short term, I'll lock it in first.

There's a few changes that I've made towards the end of Dec last year since the last portfolio update.

First, I've divested all my position in Ascott Reit at $1.135 and use the same proceeds to add onto my existing position in CDLHT by adding them more at $1.305. This is a direct hospitality switch as I've made my intention to divest Ascott for the longest time ever. With this, CDLHT has now become my largest position and it has not disappoint in recent weeks.

Next, I also divested all my position in Spackman at $0.193, given the good short term gains after one of the catalyst is played out and I have used the same proceeds to buy Lippo Mall Indonesian Retail Trust (LMIRT) at $0.37 which I blogged over here.

In the early month of January, I also identified a good opportunity in Sabana Reit and hence bought them at a price of $0.34. I have blogged about my purchase here in my previous post so I will not repeat much here.

In the past week, I have also taken the chance to lock in some of the gains in OCBC and M1 by divesting them respectively at $9.34 and $2.10. The divestment in M1 is partial since I have several batch which I've bought over the past month. I am still holding 10,000 shares of M1 after divesting.


Net Worth Portfolio (Jan 2017)

The portfolio continued to benefit from the market run up in recent week as it closes once again at a personal new record high of $488,260 (+2.7% month on month; +41.3% year on year; this includes capital injection, dividend reinvested and capital gain unrealized).


As a result of a few divestment, the cash portion has also increased to about 30%. This is a comfortable level of cash holding at this point and should the market continues to go up further, I'd be sure to increase this part of the cash portion even higher.


Dividends (Jan 2017)

I had received my first batch of dividend for 2017 on the 11th Jan for Singtel of $204 (3,000 shares of $68). It's a good start.

More to come on the Feb month which I am looking forward to.


Other Investment

Some people call this speculating or betting.

For those who knows me well, they would know that I call this an investment. This means that like any stock purchase, I made a conscious decision to weigh the risk and the reward and if the returns (and probability) is in my favor, I would initiate a position in it. Nothing much difference from what I do here and what I've been doing all along.


My Bet with Singapore Pools

I've initiated a position in Chelsea FC to win the EPL by the end of May. I bought them towards the end of Dec at an odds of 1.65 and added them further in recent week after their historic run was brought to an end.

I've made this investment my sunk cost, so I've written everything off here mentally in case things does not work out. I think this is the right approach one should take if they are going into the casino and doing all these stuff.

If they work out well, I'd be getting a massive lump sum proceeds in May. This would be a wild card for my aim to end the year with a stretch target of $600k by year end.


Personal


I am prepping myself up to be extremely busy over the next couple of months.

This is due to the incoming 2nd baby by the end of this month and thereafter I'll have a lot of work and roles to do, both home and at work. With this, I do foresee a significant drop in involvement in both blogging and social meetup with fellow bloggers and peers.

I'd have to see how this works out before I can feel things out more appropriately.

Other than that, wishing everyone a good start to the new year and keep streaming ahead.


22 comments:

  1. Hi B,
    Congratulations for the success of divesting the Spackman , OCBC and M1 with good profit!! :-)
    Yah , I'm sure you will be very busy with incoming 2nd baby !! 👍👍
    Cheers!!

    ReplyDelete
    Replies
    1. Hi STE

      Thanks for your well wishes.

      I do look forward to that invaluable time with the family. Hope we'll reach your stage someday.

      Delete
  2. Hi B
    Your investments are very varied! Ranging from equities to gold and now to EPL! Very interesting.
    well, at least every sat EPL would hold special excitement for you for now.
    And, if the missus complains why you're watching EPL, well it's literally for "work". You're watching for the sake of your investment right...
    Cheers
    TTI

    ReplyDelete
    Replies
    1. Hi TTI

      Haha your comment is very amusing :) My wife is generally too busy with her own online shop so I usually stick by my usual night time activities watching drama or soccer alone anyway :)

      Delete
  3. Hi B,

    Congrats on your divestment gains. Think you should have done the same rigorous research on Chelsea as in your other investment. Perhaps I should initiate a position on Chelsea too. LOL.

    Cheers,
    Farmer.

    ReplyDelete
    Replies
    1. Hi PIF

      Hahaha I'll tell you more if i have the chance to when we meet someday hopefully.

      Cheers to 2017 :)

      Delete
  4. haha..interesting... SP as part of portfolio..
    the odds do seem quite good though. 1.65!

    just curious, what are you intending to do with the 24 odd units left of ocbc?
    the bid/ask price of the unit market on POEMS is quite wide..and quite illiquid.

    ReplyDelete
    Replies
    1. Hi FC

      I'm just going to leave the odd units alone actually. I foresee someday I will buy back ocbc again, hopefully at a better entry point, and will continue to scrip if its good to do so :)

      Delete
  5. Hi B,


    Such an impressive result you have got!

    May i know out of $488,260, how much is your capital? Many thanks.

    ReplyDelete
    Replies
    1. Hi Anonymous

      320k is the cost base while the rest is the dividend received, unrealized and realized gains over the years.

      Thank you for your kind words.

      Delete
  6. Impressive! Keep the good work and awesome sharing with us all! I reckon there is no more than 3 financial blog worth reading, and you are certainly one of them! LOL! Happy 2017!

    ReplyDelete
    Replies
    1. Hi Ming Jie

      Appreciate the comment and hope we'll have a better 2017 to come :)

      Delete
  7. Nice portfolio there.. Like your exposure to CDLHT, FLT.

    Keeping UMS in my watch list too while waiting for their Endura contract renewal news.

    Nice post on the Chelsea bet : )

    And yes, yours is one of the blogs that I like to read regularly. Keep it up!

    ReplyDelete
    Replies
    1. Hi Jass

      Appreciate your comment :)

      I'm also waiting anxiously for their renewal contract due sometime this or next month. Hope we'll be able to get some news soon which will surely bring this stock move further upwards depending on the deal. The other which you may want to take a look is Micro-Mechanics, where they are focusing on a similar parts of the semicon but in a more diverse industries.

      Delete
  8. Wow, $500K, way ahead of schedule there. If you don't invest anything, just let the interest and dividend reinvest itself and the market moves 7-10%, then you'll have $1M account in 6-10 years. LOL :) Guaranteed millionaire! Can I be your friend? hahah!

    ReplyDelete
    Replies
    1. Hi Vivianne

      Thanks for your comment.

      I think we are in a rather similar state and position at the moment.

      While financial independence is a step away, the worst that can happen is being complacent in such territory.

      Delete
  9. Hi, I'm quite new to the blog and I was wondering if there is a typo for the ST Engineering row? Either you got the market price wrong or the holdings wrong. Other than that, wishing you good luck on your Chelsea bet!

    ReplyDelete
    Replies
    1. Hi Scopion

      Many thanks for the great spot.

      I didn't realize them until you told me so. Thank you and I've amended them.

      Delete
    2. I was hoping you got the holdings wrong instead at current market prices. Haha...

      Delete
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