Friday, August 12, 2011

Recent Updates

On Portfolio: Overall -5%. Fortunately less than total dividends received over last two years

Did a series of buy transactions recently.
SGX at $7.13 (average $7.36)
CMA at $1.44 (average $1.65)
AIMS at $0.205 (average $0.201)
SMRT at $1.88
Capland at $3 (average $2.32)

Sold all GRP at $0.205.
Drew up a list to sell, but was too slow in executing.

Frankly speaking, I'm unsure why CMA and Capitaland continues to trend down whether market went up or down. It's ridiculous and this is making CMA look even more like a con job. What the hell is the CEO and board doing? Is there any point getting awards, getting record profits, but not caring a hoot on shareholders' value?

I'm still clearing some cobwebs and loose ends in my head, and looking to restructure my portfolio, probably realizing an estimated paper loss of $20k (on past mistakes when I first started) to clean it up. Cheap deal for 3 years of lesson I would say. More to read up.

I'm looking to do something different in the year 2012. Somehow life's events are pushing me towards a path where I once pondered if I embark on. Let's see how it goes.


  1. Path to be a teacher?

  2. Maybe the CEO of Capland is busy running the business? You sounded like you are blaming him for the day to day gyration in stock price.

  3. Capitaland's board finally made its move the last few days:

    By Chun Han Wong

    SINGAPORE (Dow Jones)--CapitaLand Ltd. (C31.SG) has conducted its first-ever share buy-back exercise, acquiring 0.035% of its issued share capital--a move welcomed by analysts and shareholders--to support its under-pressure share price.

    Shares of the company, Southeast Asia's largest property developer by market capitalization, rose by as much as 6.1% in early trade Wednesday after the buy-back was announced late Tuesday after the market close.

    In a filing to the Singapore Exchange, CapitaLand said it has acquired 1.5 million of its shares for about S$3.7 million. It bought the shares at a price range of S$2.42 to S$2.45, an average of S$2.435 per share.

    CapitaLand's stock, which had lost 33.7% of its value in the year up to Tuesday's close, had been under pressure from macroeconomic uncertainties and housing policy risks affecting the developer's key China and Singapore markets. Investors and analysts have in recent months called on the company to buy back shares for capital management purposes.

    At 0256 GMT, CapitaLand's share price was up 4.5% at S$2.57.

    "We see this as a positive development in response to investor feedback, with the group affirming the stock's cheap valuations," Kim Eng Securities said in a note. "With the new (chief financial officer) Arthur Lang on board, there is a possibility that share buy-backs will become more commonplace going forward."

    An analyst at a local brokerage said: "Right now a lot of developers, and a lot of other stocks too, are trading at significant discounts to their (net asset values), so (CapitaLand's move is) not a big surprise and I would expect some of the other developers are also looking at such a move."

    However, "it looks like the global macro economic environment is deteriorating, so there could be further (share price) weakness before we see some strength later on...it's more a symbolic act at this stage," he added.

    CapitaLand's executives had said in an earnings briefing last month they were reluctant to buy back shares, but didn't rule out the option.


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