Tuesday, February 7, 2017

"Feb 17" - SG Transactions & Portfolio Update"‏

1No.
 Counters
No. of Shares
Market Price (SGD)
Total Value (SGD) based on market price
Allocation %
1.
Fraser Logistic Trust
80,000
0.97
77,600.00
16.0%
2.
CDL Hospitality Trust
50,000
1.385
69,250.00
14.0%
3.
IReit Global
73,000
0.745
54,385.00
11.0%
4.
Kingsmen
60,000
0.59
35,400.00
7.0%
5.
LippoMall Trust
80,000
0.395
31,600.00
6.0%
6.
ST Engineering
8,000
3.37
26,960.00
5.0%
7.
M1
10,000
2.00
20,000.00
4.0%
8.
Singtel
5,000
3.87
19,350.00
4.0%
9.
FCL
10,000
1.59
15,900.00
3.0%
10.
Micro-Mechanics
15,000
0.955
14,325.00
3.0%
11.
Sabana Reit
30,000
0.435
13,050.00
3.0%
12.
First Reit
8,000
1.295
10,360.00
2.0%
13.
UMS
15,000
0.675
10,125.00
2.0%
14.
OCBC
24
9.66
     231.00
1.0%
15.
Warchest*
94,000.00
19.0%
Total SGD
492,646.00
100.00%

February turned out to be a very good month as many stocks went on a rampant run upwards.



I've been very fortunate to have many of my companies "breaking out" either due to good news or good results and as a result this has propelled the portfolio upwards this month.

There's not a whole lot of transactions which I did for this month as I was pretty busy with home domestic tasks especially with the newborn of my son.

I added an additional 15,000 shares of Kingsmen at 60 cents as I continued to build my position up. In my view, this is still a company which I thought was cheap due to its depressed gloomy outlook and I will continue to build my position slowly in this one as time goes by. The near term catalyst to the PnL in my view will be when their newly built HQ will be ready in 2018. Putting numbers into perspective, I think they would capitalize the $35m less $7m land (assuming no other improvements to the building) for a period of 30 years. This works out to be $1m each year as compared to the current $4m operating lease they are paying. This will immediately be profitable to the bottomline. In terms of cashflow, this will also improve.

I also doubled my position in Fraser Logistic Trust (FLT) at 93.5 and 92.5 cents respectively and this immediately become my biggest position in the portfolio. Their recent results was decent and somewhat expected and there are no big surprises. I still believe that this is a good young portfolio of assets which will yield a decent 7% for quite a while.

I have also added (update 8 Feb) Singtel for additional 2,000 shares at a price of $3.82. This is in line with the accumulation of telcos strategy which I am doing at the moment.


Net Worth Portfolio (Feb 2017)

The portfolio for the month is currently up to $492,646 (+0.9% month on month; +44% year on year; this includes capital injection, dividend reinvested and capital gain unrealized).

The cash portion has been reduced to around 21% as I continued to allocate capital to a few companies abovementioned.




Dividends (Feb 2017)

This is a massive month in terms of dividends for me.

I'd be receiving quite a bit of dividends this month which I have not taken into consideration so this would go into the next month warchest unless I choose to deploy.

Cashflow

Cashflow has been brutal this month as I had registered negative cashflow of near to $15k due to the hospital bills. Thankfully, this is something which I have budgeted before hand so everything is going well and expected. No surprises on this one though it's rather heavy on the shoulder.

Other Investment

I mentioned about this in my Jan post so I will not repeat to it again here.

Just to update on the status, it appears now that likely it will be a winning ticket so I will be expecting for quite a lump sum in the next few months. This is currently valued conservatively at $0 value on my balance sheet.

That's about it for this month.

I am currently still on paternity leave as I am handling a few administration task related to the immigration but will be back to work next week. Busy times ahead. Let's work our ass off on this one.



11 comments:

  1. Saw Kingsmen fell to $0.60 given the weak outlook. No bad news but seems no catalyst for the share price to go up.

    ReplyDelete
    Replies
    1. Delta Lyod has been selling the funds so persistent weakness remains. Until they finished selling, we should continue to see downtrend and it is a gift to me to collect at cheaper valuation.

      Delete
    2. If they finish selling, will it be at scary price. Do they know something that we do not ? :(

      Delete
    3. Hi Cory

      We should never be "scared" when someone dump their holdings. They are a fund and they need to constantly review their positions by buying and selling. Take a look at their nav over the years if you have time. You'd be surprised how they had performed.

      Delete
  2. how much percent of your portfolio is in reits? will you be worried of a march rate hike?
    I am currently 40% in reits and hope to limit myself from adding more reits

    ReplyDelete
    Replies
    1. Hi Master Leong

      Reits made up 52% of my portfolio and nope Im not afraid of the rate hike. The rate hike factor has been way overplayed and the reits I chose most have rental reversion that outweights the increase in interest expense.

      Delete
  3. Per your transactions FLT 60 lots but your portfolio shows 80. Just curious how this works lah.

    ReplyDelete
  4. Hi Cory

    Nothing to be curious about :)

    I.probably miss inputing the transactions thats all. Will look at it when im free.

    ReplyDelete
  5. Nice! a fellow investor in Kingsmen. With a current yield of 5%, will add somemore

    ReplyDelete

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