Wednesday, July 19, 2017

"Jul 17" - SG Transactions & Portfolio Update"

No.
 Counters
No. of Shares
Market Price (SGD)
Total Value (SGD) based on market price
Allocation %
1.
Comfortdelgro
55,000
2.26
124,300.00
20.0%
2.
M1
45,000
1.935
87,075.00
13.0%
3.
Fraser Logistic Trust
80,000
1.065
85,200.00
13.0%
4.
Capitamall Trust
30,000
2.00
60,000.00
10.0%
5.
Fraser Comm Trust
40,377
1.42
57,335.00
8.0%
6.
Katrina
210,000
0.22
46,200.00
6.0%
7.
Singtel
10,000
3.92
39,200.00
5.0%
8.
CDL Hospitality Trust
22,000
1.585
34,870.00
5.0%
9.
First Reit
8,134
1.345
10,940.00
1.0%
10.
OCBC
34
11.20
     381.00
1.0%
11.
Warchest*
63,000.00
10.0%
Total SGD
608,501.00
100.00%


I was going to write on my Jul portfolio a bit later after I've concluded my application for the CDL Hospitality Rights but as I will be going for my HK holiday next week, I'll have to update it this week.

The portfolio has been impacted much this month as a result of poor performance from Comfort and M1 in particular and this is even more so considering STI has finally break its curse to go onto its 52 weeks high. Still, I'm not overly concerned as yet.




I have accumulated more on Comfortdelgro on several occasions. This has now become my biggest position to date with 55,000 shares at an average price of $2.40. Taxi fleets idling rate are increasing, competition rising up and the media keeps hyping about it, so I think there is already a bit of evasion from the general public. I'd just wait this out until I've analyzed a few more quarters and their plans ahead.

I have also applied for my entitlement of 12,000 shares of CDL Hospitality Trust at $1.28 which I blogged over here. In addition, I have also applied for 12,000 excess shares which is currently pending the status. I doubt I can get more than 2,000 if any.

This month, I have also initiated a new position in Katrina which I have written over here. I am hoping the opening of the new stores will bear fruits from this year onwards which would translate into positive bottomline. Margins is still always a concern.

I have also added my position in M1 at $1.92 which I thought was a strong double bottom after they announce their results and the lapse of their strategic review. My initial take was to divest off the position but seeing the tragic panic that sent its shares down so much this morning, I have quickly recomputed their valuation based on EV/EBITDA and I thought it was decent at 7.2x ($1.92 x 930,057 + 350,000 + 76,600 - 6,100) / (152,400 x 2). Plus, from a technical view, it was a strong support, hence I have added them. For the longer term, I'd have to admit that I might have to rethink twice about it and analyse my options and alternatives. Debt will increase over time due to higher capex and earnings will probably not yet see a bottom due to falling ARPU, so these are some of the consideration that I have to think about.

I have also traded Jadason which I entered at $0.097 and exited at $0.123 for 100,000 shareholding. I was alerted by a fellow blogger and bought the shares right before the company was about to break out. I think it's a relatively decent small gain.

I also trade long positions for Capitacommercial Trust which I bought at $1.65 and have sold it at $1.72 after the release of their results today. This was meant to be a short term trading plan so follow system and execute.

On the Netlink Trust, I have ended up not applying for the IPO as I almost ran out of cash, so I'd give it a miss this time round first.

For all the transactions in detail, you can refer to the Transaction Page.


Net Worth Portfolio

The portfolio has dropped from the previous month of $610,142 to $608,501 this month (-0.1% month on month; +40.4% year on year).

I think given the huge turbulence in Comfortdelgro and M1 so far based on what we've seen in the market, I was expecting it to rock the portfolio quite a bit. I think it is doing relatively fine so far so I won't get worried quite yet at this point.



Next month it'll be a huge one as dividend season is approaching, and I can't wait to add that into the warchest.

Stay safe till then and enjoy the bull.

Thanks for reading.

If you like our articles, you may follow our Facebook Page here.

17 comments:

  1. Hi B
    U have so much for comfort delgro.
    I put my bigger risk on oil and gas.

    Also, SingTel also one of my main holdings

    ReplyDelete
    Replies
    1. Hi Yeh

      Yeah, just awaiting to bear fruits waiting patiently here :D

      Congrats on your Singtel, doing really well these days.

      Delete
    2. hi B
      can share why you have so much confidence in comfort delgro?

      Delete
    3. Hi Yeh

      I look at it from the future cash flow point of view, I think they have a good chance of having to free up more cashflow, or use their cash to acquire something in UK or Aussie, some dark horse which might comes into play.

      Delete
    4. aslamu alaikum wr wb..
      bismillahirrahamaninrahim,,senang sekali saya bisa menulis
      dan berbagi kepada teman2 melalui tempat ini,
      sebelumnya dulu saya adalah seorang pengusaha dibidang property rumah tangga
      dan mencapai kesuksesan yang luar biasa, mobil rumah dan fasilitas lain sudah saya miliki,
      namun namanya cobaan saya sangat percaya kepada semua orang,
      hingga suaatu saat saya ditipu dengan teman saya sendiri dan membawa semua yang saya punya,
      akhirnya saya menanggung hutang ke pelanggan-pelanggan saya totalnya 470 juta dan di bank totalnya 600 juta ,
      saya sudah stress dan hampir bunuh diri anak saya 3 orang masih sekolah di smp / sma dan juga anak sememtarah kuliah,tapi suami saya pergi entah kemana dan meninggalkan saya dan anaka-naknya ditengah tagihan hutang yang menumpuk,
      demi makan sehari hari saya terpaksa jual nasi bungkus keliling dan kue,
      ditengah himpitan ekonomi seperti ini saya bertemu dengan seorang teman
      dan bercerita kepadanya, alhamdulilah beliau memberikan saran kepada saya.
      dulu katanya dia juga seperti saya setelah bergabung dengan K.H. Tambring Abdullah hidupnya kembali sukses,
      awalnya saya ragu dan tidak percaya tapi selama satu minggu saya berpikir
      dan melihat langsung hasilnya, `
      saya akhirnya bergabung dangan mengunjungi website di www.danainstan.xtgem.com semua petunjuk K.H. Tambring Abdullah saya ikuti dan hanya 1 hari astagfirullahallazim,
      alhamdulilah demi allah dan anak saya,
      akhirnya 5m yang saya minta benar benar ada di tangan saya,
      semua utang saya lunas dan sisanya buat modal usaha,
      kini saya kembali sukses terimaksih K.H. Tambring Abdullah saya tidak akan melupakan jasa aki.
      jika teman teman berminat, yakin dan percaya insya allah,
      saya sudah buktikan demi allah silakan kunjungi website di www.danainstan.xtgem.com atau KLIK DISINI

















































































































      Delete
  2. What's your average price on M1?

    ReplyDelete
    Replies
    1. Hi Anonymous

      My average price on M1 is $1.995.

      Delete
  3. kudos B, for sticking to your guns.
    not many can do that.
    i wld say that CDG will recover too, but not so soon.

    ReplyDelete
    Replies
    1. Hi FC

      Yeah probably not anytime soon patience is key :)

      Delete
  4. Unlike certain Master Leong who promoted M1 and CDG. bluffing a lot of newbies to follow him. than cut his M1 leaving the newbies to die. he will do the same with CDG soon.

    ReplyDelete
    Replies
    1. u damn loser sia, only know how to hide behind the computer

      Delete
  5. Hi,
    I've bought M1 at 2.4, would you recommend to actually average down at the current price of $1.9x or just cut loss on a short term rebound to 2.05 - 2.10 ?
    Would really appreciate your financial response! Thank you so much! :)

    ReplyDelete
    Replies
    1. Hi Barry

      M1 is a pretty tricky. I believe valuation is rather fair at this point given future earnings at risk.

      Personally, I'd be a buyer at the 1.7+ range and a seller at the 2 range. I think it gives a good opportunity at both sides of the end.

      Delete
    2. I agree M1 is really tricky that it got me kinda confused myself.
      Thanks so much B for your quick reply!

      I enjoyed reading through your personal financial journey!
      Much respect :)

      Delete
  6. This comment has been removed by the author.

    ReplyDelete
  7. Temasek Holding sold 203,000 M1 shares. Omg, gg.com

    ReplyDelete
  8. M1 price is 1.78 now. Time to cut loss.

    ReplyDelete

UA-57154194-1