Saturday 30 April 2016

My Stock Portfolio @ end April 2016

No. STOCK NAME No.of SHARES PORTFOLIO% MARKET $
1
SGX
4,000
14.61
7.53
2
Starhub
6,700
10.76
3.31
3
SPH
5,000
9.85
4.06
4
SATS
3,000
5.97
4.10
5
AIMS AMPI Reit
6,800
4.60
1.395
6
UOB
500
4.51
18.60
7
OCBC Bank
1,015
4.32
8.77
8
SingTel
2,190
4.10
3.86
9
CapitaMall Trust
4,000
4.02
2.07
10
Suntec Reit
4,900
4.01
1.685
11
Keppel Corp
1,400
3.67
5.40
12
FCT
3,800
3.59
1.95
13
Starhill Global
8,000
3.03
0.78
14
CapitaLand
2,000
3.02
3.11
15
SPH Reit
5,800
2.69
0.955
16
Sembcorp Ind
1,800
2.52
2.89
17
ParkwayLife Reit
1,800
2.14
2.45
18
CDL HTrust
3,000
2.03
1.395
19
Keppel DC Reit
3,600
1.91
1.095
20
SIA Engg
1,000
1.84
3.79
21
FCOT
2,800
1.76
1.295
22
Keppel InfraTr
6,000
1.43
0.49
23
ST Engg
800
1.25
3.22
24
FE HTrust
2,800
0.90
0.665
25
Cache Log Tr
1,800
0.76
0.865
26
MapletreeCom
900
0.65
1.50
27
Saizen Reit
1,800
0.08
0.09
Movement in my portfolio in April:-
Sold:- HPH Trust (23.7% loss).
Bought:- FE HTrust, FCOT, AIMS AMPI Reit, Keppel Corp.

Dividends collected in April: $0
2016 avg dividends/month: $894.56 [181.9% up at this stage cf. 2015]

Boring process of building up my passive income portfolio brick-by-brick (bit-by-bit).

Comments:
1. Big fat "0" dividend in April.  Well, a good rest in April for the dividend harvesting in May.  Set to be a record dividend fruits harvest for me next month, as 17 of my 27 holdings are paying dividends in May.

2. Finally lost patient and abandoned the leaking submarine HPH Trust.

3. Current worst performing counter: Keppel Corp (26% unrealised loss).  Probably will need to hold long term for this...

4. Made a small donation to a charity organization.

Saturday 9 April 2016

Ascendas Htrust is no Saizen Reit 2.0

After the small bet and profit on Saizen Reit, I was very tempted to have another go for Ascendas Htrust, even utilising portion of the warchest.

As there were rumours of four to five potential buyers, it did look high chance that the acquisition deal would be successful.

However, after some consideration, I decided it is no-go for Ascendas Htrust.

1. There was absolutely no margin of safety on the price for Ascendas Htrust.  When I bought Saizen Reit, it was more than 20 cents away from its NAV and gave approximately 20% margin of safetyBut Ascendas Htrust was already trading above its NAV of 70 cents (more on its NAV later) and hence no margin of safety for me.

2. I am also skeptical of the sudden re-valuation of Ascendas Htrust's NAV to 84 cents after news of the possible sales.  There is no addition to Ascendas Htrust's portfolio and the market conditions also deteriorated rather than improved for the past year.  To me, this is like when I pay for an item at a store, but the store owner tells me that I have to pay more that what is displayed on the price tag, without giving me valid reason.  I think potential buyers would also be evaluating their purchase based on 70 cents, rather than 84 cents.

3. Saizen Reit is unique and one-of-a-kind Reit, but there are other hospitality reits around.  Moreover, apart from Ascendas Htrust, all other hospitality reits are trading below their NAVs.

As such, I think there is no upside but plenty of downside if buying into Ascendas Htrust for the acquisition bet.

The takeaway from this is that one success does not lead to another success, even in more or less similar circumstances.

Really need DYODD. 

Friday 1 April 2016

My Stock Portfolio @ end March 2016

No. STOCK NAME No.of SHARES PORTFOLIO% MARKET $
1
SGX
4,000
15.49
7.95
2
Starhub
6,700
10.93
3.35
3
SPH
5,000
9.74
4.00
4
SATS
3,000
5.77
3.95
5
UOB
500
4.60
18.87
6
OCBC Bank
1,015
4.37
8.84
7
SingTel
2,190
4.08
3.82
8
CapitaMall Trust
4,000
4.07
2.09
9
Suntec Reit
4,900
4.00
1.675
10
AIMS AMPI Reit
5,900
3.84
1.335
11
FCT
3,800
3.70
2.00
12
Keppel Corp
1,200
3.41
5.83
13
Starhill Global
8,000
3.04
0.78
14
CapitaLand
2,000
2.99
3.07
15
SPH Reit
5,800
2.73
0.965
16
Sembcorp Ind
1,800
2.65
3.02
17
ParkwayLife Reit
1,800
2.10
2.39
18
CDL HTrust
3,000
1.92
1.315
19
Keppel DC Reit
3,600
1.86
1.06
20
SIA Engg
1,000
1.75
3.60
21
Keppel InfraTr
6,000
1.45
0.495
22
ST Engg
800
1.26
3.23
23
FCOT
1,900
1.20
1.30
24
HPH Trust
3,000
1.04
0.50
25
Cache Log Tr
1,800
0.74
0.845
26
MapletreeCom
900
0.62
1.41
27
FE HTrust
1,900
0.58
0.63
28
Saizen Reit
1,800
0.08
0.09
Movement in my portfolio in March:-
Sold:- Boustead (2.1% loss).
Bought:- Cache Log Tr, FCT, UOB, Keppel Corp.

Dividends collected in March: $2,260.06
2016 avg dividends/month: $1,192.74 [181.9% up at this stage cf. 2015]

Boring process of building up my passive income portfolio brick-by-brick (bit-by-bit).

Comments:
1. Special dividend payout from Saizen Reit gave a great turbocharge to March's dividends.  With Saizen Reit's special dividend, March gained a one-time admission to the 2K Club (current members: May and August).  Well, once a while, need some good spice up along our investment journey.

2. Not bad for more than 15% gain for Saizen Reit since its purchase in Oct 2015.  What about Ascendas HTrust now?  Hmm...

3. Current worst performing counter: Keppel Corp (23.4% unrealised loss)

4. Next is the very dry month of April...