Thursday, 26 April 2018

Portfolio Update April 2017

Dividend by month

1) singtel
2) fcot sgx  starhillg fct sphreit cmt fortune capitaretail capitacom mit suntec
3) spost  taisin lippo nam lee netlink
5) fcot steng sgx  uob sph starhillg fct sphreit cmt cdg hcg lippo Singre teckwah mit sci suntec
6) tcil ocbc
7) singpost
8) fcot singtel  plife  suntec ocbc  starhillg sci steng fct singpost sphreit cmt lippo singre ock fortune capitaretail capitacom teckwah siaen mit
9)  uob tcil cdg netlink sci
10) sgx
11) fcot taisin sgx spost  starhillg fct cmt lippo siaen mit suntec
12) sph ksh ock


Remarks:

Add mit.

Reentered suntec at around 190, as pb ratio and yield started to become favourable again.

Added nlpm at around 36c. unknown reason for small selldown today. to me, it means value.

starhill remains weak. dpu 1.09.  won't add more for now though pb ratio favourable.

fct suntec still showed yoy rise in dpu



Overall,

nothing fanciful and nothing new: dividends received will be used to reinvest in the same counters and/or the counters which are about to pay dividends soon.

No further input is necessary. Portfolio creates the income every month and gets reinvested. One reinvestment move means one more continuous stream of income in the future.

Counters get rebalanced periodically as and when the opportunities arise.

Market up or down doesn't matter too much, in fact is not a bad thing after all. Dividends provided new cash flow as compounding and dollar cost average tool.

12 comments:

  1. Hi Paul, nice portfolio and diversification. Just wondering, have you ever considered Ausnet Services (quiet counter but yield is not bad)? Thanks.

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  2. thanks monet
    yes, will take a look at Ausnet. stable biz, cash generating with good past decade dividend pay out.

    ReplyDelete
  3. Hi Paul, np. I happened to look at yield alternatives other than REITs and came across it. I like REITs, except for the fact that most of them tend to take back what was distributed in div in rights issue or preferential offering, or dilution via private placement.

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  4. Hi Monet,
    yes, reits have this possibility. we just have to be selective to try to avoid those which do not create value for shareholders in the long run.
    welcome to share your portfolio if you also have one.
    thanks!

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  5. I think Ausnet is abt to be delisted, so there goes one more counter in SGX.

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  6. yeah, saw the news too.
    nmind, there are a lot of other good counters. we just got to identify them and stay invested in the long term.

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  7. Hi Paul,

    Can you share your rational for picking up OCK this year given their performance not so strong and dividends are not that great?

    Appreciate your view. tks

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  8. Hi JC,
    i must confess that i invest in stocks much by studying the dividend history.
    in OCK, i noted that it pays every 8 n 12 month of the year.
    n it pays special dividends in certain years.
    and i notice its dividend slowing increasing over the years.
    barring unforseen circumstances, i think OCK will be brand in singapore in many years to come.
    it has hit $1 before.
    long term, i believe it should do well. short term, as what u pointed out and also agree with you, its performance is not so good. but also because of this sentiment, the share price has taken a hit and i think 75c plus minus is quite ok to enter for the long term.
    thanks!

    ReplyDelete
  9. Hi Paul,

    Thanks for sharing. You certainly have one unique investing methodology. Agreed OCK will likely do well in long run.

    Cheers.

    ReplyDelete
  10. hi JC
    thanks for the kind words.
    lets hope we all do well.

    ReplyDelete
  11. Hi Paul, just wondering what's your take on Tai Seng Electric, which is at book value now. Thanks.

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  12. Hi Monet,
    it does look a bit expensive to me now. at book value, but its PE more than 10.
    looking at the long term dividend history of the company, there are quite a few periods where the PB less than one and PE around 5-7, and the yield 7% plus minus.
    I think i will wait patiently for the above to occur. I fear it might correct more in the months to come.

    ReplyDelete

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