Sunday, April 3, 2011

March 2011 Portfolio Update

March saw a terrible disaster at Japan, leading to my holdings of companies with Japanese exposure going down substantially. In addition, panic selling brought down prices further. Unfortunately, I have used my opportunity funds to enter Singtel the previous month. But fortunately, Singtel did not go much lower than my buy-in price at all, displaying the resilience of this telecom company. Neither did Starhub budge much too.

Since I have no opportunity funds, I did not enter this month. The good news: prices have not substantially recovered since the Japan crisis. The bad news: my rate of growth of opportunity funds wasn't as fast as I would like it to be.

While we profit from the crisis, do spare a thought for the Japanese by donating to Red Cross or the little donation box at Yoshinoya counters around Singapore.

A short summary of my core holdings:

Portfolio cost: $190k
Portfolio value: $205.4k
Percentage gain: 8.07%

There is no change in my dividend amount as I'm back to accumulating cash and working on my book. I have to admit writing up the guidebook took much more challenges and time than I expected. I do not expect to meet my personal deadline for it. Furthermore, my commitments are increasingly taking my time away from blogging and the market... Let's see how this goes...

Adding to the $24k in the basket I hope to sell off at the bottom, my total cost continues to stand at $214k with no difference from the previous month. I do have some funds in my bank account, but looking at the pathetic 0.59% in philips MMF, I rather leave my cash in the bank at the moment.

I took a quick look at my CPF Education Loan and I'm pleased that only $4k remains to be repaid, from $25k when I started working 2.5 years ago.

Trading Basket -- Hoping to sell off

I want to sell these off when I can, or cut loss when I can take the loss :(
Portfolio cost: $24.3k
Portfolio value: $18.4k
Unrealised loss of around $5.9k

(red = freezer stocks to remind myself of my mistakes)
30 lots of Hor Kew at 0.125
27 lots of LC Dev at 0.177 (accepted the rights + 3 lots excess)
2 lots of Cosco at 2.67
160 lots of Berlian Laju at 0.065


  1. hi jw,

    i was wondering what should i invest in for starters.. i am thinking AIMSAMPIREIT.. but wondering if the share price is going to be diluted as a result of the private placement..

    if that be the case, then it is quite sad..

  2. Investing in REITS is dilutive if you do not subscribe in the rights placements for new shares.

  3. Hi mrtaught and Anonymous (4th Apr),

    the concerns are more of whether your percentage holdings will be diluted instead of share price, because it is still more important to determine if the value remains. As a super minority shareholder, I have minimal concerns on this.

    Supposed I suffer a 10% dilution on a 0.005% holdings... My final percentage holdings is perhaps 0.0045%. The amount is too insignificant to bother.

    Seriously, I'm turning away from most people's traditional school of thoughts in terms of share placements because it seriously doesn't mean much to me when a 10% dilution means a reduction of 0.0005% of total share capital. It would perhaps mean much more to majority shareholders who want to have a say in the directions of the company. Until I'm there, I won't bother.

    The main thing I look out for during share placements or rights is whether there is a clear plan to utilise the money. In AIMS, we get a report detailing the new building they planned to purchase with the placement cash, how much it is, how they are going to finance it, etc. The intent of the share placement is clear to me, and I prefer this kind of clear reporting. I would be more doubtful if placements or rights were given based on the general reason of "raising capital for future opportunities".

  4. Hi momo, seen your portfolio :)

    Just curious - what do you mean by "yearly dividends per lot"? For example, Saizen has 15.

    By the way, no plans to divest/sell Saizen?


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