Saturday 26 July 2014

IPO - Accordia Golf Trust

Out of the blue my broker contacted me and asked whether I would like to subscribed some IPO shares of Accordia Golf Trust.  

I was quite surprised because my broker has never done that in the past and normally he never bothered with small investors like myself.  This was the first alarm bell.

I thought then that maybe the response for this particular IPO was just too lukewarm and they have many unsubscribed units.

I asked how many lots I can get and was told as many as I wished.  Second alarm bell rang and I declined and told him that I have no money to purchase.

The outcome was really true that the public offer was undersubscribed.  It was just approximately 0.7 times subscribed and it was such a long time since an IPO was undersubscribed.

The most likely scenario is Accordia Golf Trust will be a submarine when it starts trading.

I think many people will probably get burnt, especially those who applied 50-100 lots and thinking that they will be allocated only a few lots.

Wednesday 2 July 2014

My Stock Portfolio @ end Jun 2014

No. Stock Name Lots Portfolio% Avg Cost$ Breakeven$ Market$
1
SGX
3
15.80
4.19
2.85
6.95
2
Starhub
5
15.80
3.22
2.72
4.17
3
SPH
5
15.80
3.99
3.39
4.17
4
SingTel
2.2
6.39
3.37
3.20
3.85
5
AIMS AMPI Reit
5
5.46
1.47
1.42
1.44
6
CapitaLand
2
4.85
3.91
3.61
3.20
7
SATS Ltd
2
4.76
3.06
3.10
3.14
8
CapitaMall Trust
3
4.49
1.71
1.14
1.975
9
Suntec Reit
3
4.12
1.52
1.11
1.81
10
CDL HTrust
3
4.00
1.66
1.11
1.76
11
SIA Engg
1
3.83
4.86
4.92
5.05
12
Starhill Global
6
3.75
0.71
0.54
0.825
13
Frasers CT
2
2.87
1.81
1.78
1.895
14
HPH Trust
3
2.03
0.90
0.83
0.72
15
SPH Reit
2
1.55
0.94
0.93
1.025
16
Boustead
1
1.43
1.44
1.43
1.885
17
Sing Post
1
1.32
0.875
0.67
1.735
18
CitySpring
3
1.08
0.65
0.46
0.475
19
FE HTrust
1
0.66
0.93
0.87
0.87
Movement in my portfolio in Jun:-
Sold:- Nil.
Bought:- Nil.

Dividends collected in Jun: $138.50
2014 avg dividends/month: $425.83

An interesting coincidence that my top three holdings are exactly the same total amount.

Poor dividend intake for June and also coming July.  Can't wait for August to come...