Monday, 2 May 2016

Portfolio Update - April 2016

*As of 30 April 2016

Counter Average Price Yield on cost(%) Weightage
OCBC Bank
8.6000
4.00
23.87%
UOB Bank
18.8800
4.00
13.10%
Croesus Retail Trust
0.7843
8.00
15.24%
First REIT
1.1754
6.91
3.26%
Soilbuild Business REIT
0.7628
7.80
2.65%
Starhub
3.3200
6.00
2.30%
Keppel DC REIT
0.9919
6.56
2.06%
Cache Logistics
0.9680
8.15
2.01%
AIMS AMP Cap REIT
1.3363
8.37
1.85%
Capitaland Commercial
1.3008
6.15
1.81%
Ascendas Hospitality
0.7217
8.03
1.50%
SPHREIT
0.9500
5.80
1.32%
Neratel
0.5800
3.44
1.21%
NOL
1.2117
0.00
0.84%
Ascott REIT
1.1100
6.34
0.77%
Mapletree Logistics
0.9900
7.40
0.69%
Saizen REIT
0.0645
0.00
0.67%
Sheng Siong
0.8400
3.00
0.58%
IREIT Global
0.6650
9.00
0.46%
Lippo Mall REIT
0.3200
9.90
0.44%
STI ETF
2.8058
3.50
23.36%
Total

5.03
100.00%


Legend
CDP
SCB

Total Invested Capital = $14,455.62

Total Expected Dividends/month = $60.41

Average Dividend Yield = 5.03%

Here is another update, so quickly another month has passed by. Well, markets pretty much didn't do much over this month, it didn't go to outrageously high levels to warrant much selling, although I did make one large sale this month. It didn't go to levels more attractive for me to make large transactions, hence its another month of limited transactions.

The largest sale I made this month reduced my overall position by almost half. It was the sale of Croesus Retail Trust after the trust price moved upwards after the news of the acquisition. I took the chance to remove the heavy position I had since the middle of 2015, as part of my rebalancing portfolio to keep it more diversified and spread out across the different industries. I had an new position I initiated last month in my SCB account on Croesus Retail Trust as part of mainly speculative position made plainly because I had predicted the price of the trust would move upwards after the knee-jerk reaction due to the placement. It will remain in my SCB account as I still feel that the trust is a good source of passive income and its dividend yield sustainable along with my faith in the management.

The liquidation of this large position allowed me a larger war-chest to accumulate positions should the market go into a correction mode in future. I will continue to make smallish positions where I see fit while continuing to save aggressively from my monthly income, continuously adding to my war-chest.


The other surprise that happened this month was the sudden news about Ascendas Hospitality not looking to sell its assets despite multiple offers from at least 3 companies. This led to a crash in the price of Ascendas, falling as low as $0.66. The rebound was swift, and I failed to purchase more, but only added a few weeks later at $0.68 when it didn't look like it would go down further. Would look to purchase more on further weaknesses if presented. I am looking forward to its 2 quarters of distribution coming in this week or the next.


I have also added another hospitality REIT, Ascott REIT, in order to boost the hospitality segment in my REIT portfolio. Furthermore, I felt that Ascott REIT share price has been suffering from overhang from the recent placement done last month. The only regret was not being able to buy right after the placement, the similar strategy I employed with Croesus, simply because I was not monitoring the market frequently enough.


In other news, I had bought back Sheng Siong again at $0.84, another smallish position, awaiting the dividend coming in May. I may consider selling it if the price is favourably high enough after it goes XD.

And once again, I will continue to stay patient, though my hands are itching to buy more income producing assets with the increased size of the current war-chest now. But noooo, I will stay disciplined and focus on buying only when there is blood in the news. Waiting for the bumper dividends coming in May!

8 comments:

  1. Yes! May shall be a very rewarding month of us in terms of dividends! :)

    Cheers!

    ReplyDelete
  2. Only $14K in your portfolio? Looks like the smallest among all the bloggers.

    ReplyDelete
    Replies
    1. Hello Henry, welcome to my blog :)

      Exactly, the main motivation is to show that it is never too early or late to start, everybody starts somewhere and the most important thing is that we begin our journey rather than procrastinating.

      The power of compounding is not to be underestimated.

      Good luck!

      Delete
  3. Thank you DS for sharing. It is the small portfolios like yours that get me STARTED on my 10k portfolio - instead of waiting to saving up to 100k then start this joruney. We all have to begin somewhere and I'm sure it would be rewarding to see how our 10+k grows to 50k, 100k and beyond!

    ReplyDelete
    Replies
    1. Hi there,

      I am very heartened to hear that. It is these stories that motivates me to write this blog, to encourage people like yourself to take first step in making your retirement a little more comfortable!

      I hope many more are like yourself, getting persuaded to make the first step in this all important journey.

      May we all prosper from all the compounding magic (:

      Delete
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    ReplyDelete