Tuesday, December 20, 2016

"Dec 16" - SG Transactions & Portfolio Update"‏

No.
 Counters
No. of Shares
Market Price (SGD)
Total Value (SGD) based on market price
Allocation %
1.
IReit Global
73,000
0.73
53,290.00
11.0%
2.
CDL Hospitality Trust
40,000
1.31
52,400.00
11.0%
3.
Fraser Logistic Trust
40,000
0.92
36,800.00
8.0%
4.
Spackman
150,000
0.19
28,950.00
6.0%
5.
M1
15,000
1.93
28,950.00
6.0%
6.
Kingsmen
45,000
0.63
28,350.00
6.0%
7.
ST Engineering
8,000
3.30
26,400.00
6.0%
8.
FCL
10,000
1.55
15,500.00
3.0%
9.
Micro-Mechanics
15,000
0.85
12,750.00
2.0%
10.
Singtel
3,000
3.67
11,010.00
2.0%
11.
Ascott Reit
10,000
1.14
11,400.00
2.0%
12.
First Reit
8,000
1.26
10,080.00
2.0%
13.
OCBC
1,134
9.08
10,297.00
2.0%
14.
UMS
15,000
0.61
  9,150.00
2.0%
15.
Warchest*
140,000.00
29.0%
Total SGD
475,326.00
100.00%




We are heading into the last week right before Christmas so I want to wrap up on the December portfolio and then move on to reflections week and then goal-setting for the new year.

The market has been rather kind because we are going one way up from here since Trump was elected President. I also took the chance to accumulate some opportunities which I saw in the market meanwhile (need to get my cash to work hard!!).

First, I bought 150,000 shares of Spackman at a price of $0.136 which I blogged over here. This is a catalyst play which the risk reward play was tilted towards my favor as mentioned. The premiere movie will be launching on the 21st Dec and I'll be awaiting for the development closely this and next week.

Next, I took the chance to offload partially by divesting 7,000 shares of ST Engineering at a price of $3.39. This 7,000 shares is the batch that I've added in the past 6 months when the share price was languishing low. I still believe in the long term prospect of this company and am still holding 8,000 shares at the moment. I'll look for a chance to add this back if I get the chance.

I also took the chance to accumulate more M1 by adding 5,000 shares at a price of $1.97 and another 5,000 shares at $1.925 which I blogged over here. I believe a lot has been priced into the share price and valuation is cheap, relative to their historical valuation. I believe the trough for M1 is not far away and if it does go lower, I'd be happy to add more to my position.

I also added CDL Hospitality Trust for 33,000 shares at a price of $1.31 which I blogged here. This has become my top position which I believe will outperform in the next 1 to 2 years. I remain convinced that CDLHT is a quality company trading at a discounted valuation. It's a steal this one.



The portfolio has continued to do well this month as it closes the year on an high end note of $475,326 (+4.15% month on month; +31.8% year on year). 

I'll be summarizing the whole summary and the journey this year in the next post so I'll skip that for now.

In terms of cashflow, it's been sitting very nicely as I have kept aside the required huge cashflow that I will be needing in Jan 2017 so that is another tick on the box.

I hope everyone has the best out of 2016 and we'll strive towards a new and upcoming year pretty soon.

Wishing everyone a Merry Xmas and happy holidays.


18 comments:

  1. Wow B!

    It is really really impressive to be up more than 32% over the past year in such market conditions!

    Hope you will break half a million soon and congrats on meeting your capital target for 2016!

    Lots to learn from you and wishing you and your family a Merry Xmas!

    ReplyDelete
    Replies
    1. Hi 15hww

      Thank you for leaving your comment.

      The 32% over past year is simply portfolio growth year on year inclusive of the capital injection. I have yet to compute the portfolio performance for the year, hope it's as decent (finger cross).

      Merry Xmas to you too and send my regards to your wife :)

      Delete
  2. B, never buy FCT? Languishing below 1.9.

    ReplyDelete
    Replies
    1. Hi Jalan jalan

      I'm still fishing on FCT, very near already :)

      Delete
  3. Replies
    1. Hi Phileas

      Many thanks for your compliment.

      Hope 2016 goes well for you too :)

      Delete
  4. Hi B,

    Great way to end the year! :)
    Commendable 2016 performance. Cheers!

    ReplyDelete
    Replies
    1. Hi DK

      Thanks for your compliment.

      I believe 2016 has been a great year for you too as you started your banks nibbling and reits that are cheap on valuation.

      May 2017 be a better year for both of us ;)

      Delete
  5. Excellent result. You have a keen eyes on valuation gap.

    ReplyDelete
    Replies
    1. Hi Cory

      Many thanks and merry xmas to you!!

      Delete
  6. Merry Xmas and excellent results on your portfolio!

    ReplyDelete
    Replies
    1. Thank you SR and Merry Xmas to you as well!! :)

      Delete
  7. 30+% for 2016! wow...
    any plans to start a B fund management in future? haha..

    merry xmas and happy new year to your family !

    ReplyDelete
    Replies
    1. Hi FC

      The 30+% is inclusive of the capital injection, so performance should be lower than that.

      Merry xmas to you too and family :)

      Delete
  8. Hi B,

    I have linked your blog to mine.
    If you feel mine deems fit, will be great our blogs are inter-connected.
    http://tobidortosell.blogspot.sg/

    Btw, great earnings on Spackman. High risk, high gain.

    Personally, I find CDP hospitality is with downside risks due to the well known hotel oversupply issue. Not sure if it will pick up in the next 2 years.

    ReplyDelete
    Replies
    1. Hi Frowns88

      I'll add your link too when I get back home :)

      Delete
  9. Hi B,

    Well done in 2016! Getting to half a million very soon!

    Merry Xmas and Happy New Year!

    Cheers.

    ReplyDelete
    Replies
    1. Hi PIF

      Thank you and merry xmas to you and a better 2017 too :)

      Delete

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