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.

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...

My Stock Portfolio @ end May 2014

No.	Stock Name	Lots	Portfolio%	Avg Cost$	Breakeven$	Market$
1	Starhub	5	15.92	3.22	2.72	4.20
2	SGX	3	15.67	4.19	2.85	6.89
3	SPH	5	15.54	3.99	3.39	4.10
4	SingTel	2.2	6.48	3.37	3.20	3.90
5	AIMS AMPI Reit	5	5.50	1.47	1.44	1.45
6	CapitaLand	2	4.84	3.91	3.61	3.19
7	SATS Ltd	2	4.73	3.06	3.10	3.12
8	CapitaMall Trust	3	4.71	1.71	1.14	2.07
9	Suntec Reit	3	4.08	1.52	1.11	1.795
10	CDL HTrust	3	3.95	1.66	1.11	1.735
11	Starhill Global	6	3.80	0.71	0.54	0.835
12	SIA Engg	1	3.79	4.86	4.92	5.00
13	Frasers CT	2	2.90	1.81	1.78	1.915
14	HPH Trust	3	2.12	0.90	0.83	0.75
15	SPH Reit	2	1.54	0.94	0.95	1.015
16	Boustead	1	1.40	1.44	1.43	1.85
17	Sing Post	1	1.25	0.875	0.67	1.645
18	CitySpring	3	1.11	0.65	0.46	0.49
19	FE HTrust	1	0.67	0.93	0.88	0.89

Movement in my portfolio in May:-
Sold:- Nil.
Bought:- SATS Ltd.

Dividends collected in May: $1,145.22
2014 avg dividends/month: $483.29

My Stock Portfolio @ end April 2014

No.	Stock Name	Lots	Portfolio%	Avg Cost$	Breakeven$	Market$
1	SPH	5	16.44	3.99	3.46	4.19
2	SGX	3	16.30	4.19	2.89	6.92
3	Starhub	5	16.29	3.22	2.77	4.15
4	SingTel	2.2	6.58	3.37	3.20	3.83
5	AIMS AMPI Reit	5	5.55	1.47	1.44	1.415
6	CapitaLand	2	5.02	3.91	3.69	3.20
7	CapitaMall Trust	3	4.70	1.71	1.17	1.995
8	CDL HTrust	3	4.23	1.66	1.11	1.795
9	Suntec Reit	3	4.04	1.52	1.11	1.715
10	Starhill Global	6	3.81	0.71	0.55	0.81
11	SIA Engg	1	3.76	4.86	4.92	4.79
12	Frasers CT	2	2.82	1.81	1.81	1.795
13	SATS Ltd	1	2.49	3.04	3.10	3.17
14	HPH Trust	3	1.99	0.90	0.83	0.68
15	SPH Reit	2	1.57	0.94	0.95	1.00
16	Boustead	1	1.49	1.44	1.43	1.895
17	CitySpring	3	1.12	0.65	0.47	0.475
18	Sing Post	1	1.11	0.875	0.67	1.415
19	FE HTrust	1	0.69	0.93	0.88	0.885

Movement in my portfolio in April:-
Sold:- Nil.
Bought:- Nil.

Dividends collected in April: $313.15
2014 avg dividends/month: $317.81

May is the harvesting month again.

My Stock Portfolio @ end March 2014

No.	Stock Name	Lots	Portfolio%	Avg Cost$	Breakeven$	Market$
1	Starhub	5	16.81	3.22	2.82	4.20
2	SPH	5	16.81	3.99	3.46	4.20
3	SGX	3	16.67	4.19	2.89	6.94
4	SingTel	2.2	6.40	3.37	3.20	3.65
5	AIMS AMPI Reit	5	5.36	1.47	1.44	1.34
6	CapitaLand	2	4.63	3.91	3.69	2.89
7	CapitaMall Trust	3	4.54	1.71	1.17	1.89
8	Suntec Reit	3	3.99	1.52	1.14	1.66
9	CDL HTrust	3	3.97	1.66	1.11	1.655
10	SIA Engg	1	3.87	4.86	4.92	4.84
11	Starhill Global	6	3.79	0.71	0.55	0.79
12	Frasers CT	2	2.85	1.81	1.81	1.78
13	SATS Ltd	1	2.43	3.04	3.10	3.04
14	HPH Trust	3	1.94	0.90	0.83	0.65
15	SPH Reit	2	1.57	0.94	0.95	0.98
16	Boustead	1	1.50	1.44	1.43	1.87
17	CitySpring	3	1.13	0.65	0.47	0.47
18	Sing Post	1	1.09	0.875	0.67	1.36
19	FE HTrust	1	0.66	0.93	0.88	0.82

Movement in my portfolio in March:-
Sold:- Nil.
Bought:- AIMS AMPI Reit, SingTel.

Dividends collected in March: $233.82
2014 avg dividends/month: $319.37

My Stock Portfolio @ end February 2014

No.	Stock Name	Lots	Portfolio%	Avg Cost$	Breakeven$	Market$
1	Starhub	5	17.63	3.22	2.82	4.18
2	SPH	5	17.50	3.99	3.46	4.15
3	SGX	3	17.41	4.19	2.89	6.88
4	CapitaMall Trust	3	4.81	1.71	1.17	1.90
5	CapitaLand	2	4.81	3.91	3.69	2.85
6	AIMS AMPI Reit	4	4.50	1.56	1.56	1.335
7	Suntec Reit	3	4.21	1.52	1.14	1.665
8	CDL HTrust	3	4.12	1.66	1.11	1.63
9	SIA Engg	1	3.98	4.86	4.92	4.72
10	Starhill Global	6	3.95	0.71	0.55	0.78
11	SingTel	1.2	3.61	3.21	2.88	3.60
12	Frasers CT	2	2.95	1.81	1.81	1.75
13	SATS Ltd	1	2.52	3.04	3.10	2.99
14	HPH Trust	3	1.96	0.90	0.86	0.625
15	SPH Reit	2	1.64	0.94	0.95	0.975
16	Boustead	1	1.46	1.44	1.43	1.735
17	CitySpring	3	1.16	0.65	0.47	0.46
18	Sing Post	1	1.11	0.875	0.67	1.32
19	FE HTrust	1	0.65	0.93	0.90	0.775

Movement in my portfolio in February:-
Sold:- FE Orchard.
Bought:- SATS Ltd.

Dividends collected in February: $643.36
2014 avg dividends/month: $362.14

Made a lump sum donation back to society.

Feb Fixed Deposit Rates Update - 1.18% P.A.at Bank of China

First some clarifications: Fixed Deposit is not for real investment.  My review on Singapore's FD is limited to S$50,ooo and below; and tenure term not exceeding 12 months.  Fixed Deposit is for parking the emergency fund and allowing immediate access to the fund when needed.  These are also based on the following considerations:

1. Singapore's Deposit Insurance Scheme maximum coverage up to S$50,ooo only.
2. Long tenure term will potentially affect your cash-out value for your emergency fund, as you may suffer a penalty fee for early withdrawal.

Back to the update: Bank of China's 12-months FD rates of 1.18% p.a. is currently the highest in Singapore.  The minimum deposit amount for BOC FD is S$50,000.   

This promotion is valid for customers with fresh funds only, meaning it is not applicable for money transferred from existing BOC accounts.

There are few branches of BOC in Singapore:
1. Battery Road (BOC Building),
2. Chinatown branch (Furama Hotel),
3. Katong branch (188-192 East Coast Road),
4. Middle Road (BOC Plaza),
5. Maxwell Road (Maxwell House).

According to BOC's website, this promotion starts from 3rd Feb and is for a limited period only.

Promotion Details:

Min. Deposit Amount (S$)	12-MTH SGD Time Deposits Promotional Interest Rate*
S$50,000 to S$199,999	1.18% p.a.
More than $200,000	1.20% p.a.

*Rates are indicative only.
Please let me know if there is better offer in the market.