Saturday, 12 April 2014

SRS portfolio - 31 March 2014

It has been a while since i post on my blogs. Hope all of you are doing fine but i have been neglecting my retirement plan and totally out of touch with the market.


This is the status report as of 31 March 2014 where i reported the loss from the sale of China Environment. The loss was a heavy one given the larger exposure but however, it was probably a good "cut". 


I received the 3 annual reports for my SRS portfolio in April. Here are my initial thoughts without going through the annual reports. I will be reading the reports when i have time... (which unfortunately have been very evasive). 

UMS

I have to tell you this is one of my most pleasant experience investing in a tech stock. I first invested in UMS on 6 Sep 2012. It has been more than 2.5 years! I have received dividends 6x of about $700 and the share price as of 12 April has more than doubled my initial entry price. ^_^ This will probably teach me to be "less biased" towards tech companies :-P

Overseas Education

I bought Overseas Education on 6 March 2013 and it has just passed the first anniversary. I have received dividend once amounting to $275. It is a pretty stable business and should continue to show promise once the school site in Pasir Ris is up and running.

CM Pacific

I first bought CM Pacific on 12 April 2013 and have since received dividends of about $330. It has been a under performer so far (in my standard) but hopefully, we can see increased revenue as the middle class in China becomes more affluent, buy more cars and travel more.

As of 12 April, the SRS portfolio for existing listed portfolio alone is up around 48% but unfortunately, I am sitting on a big cash pile of $98.7k to be deployed.

I will see if i have more things to report after i run through the annual report, thus in the mean time, Happy SRSing!

Sunday, 9 March 2014

SRS Portfolio - 28 Feb 2014


Nothing much to write again... Except that I read about the recent results of Riverstone and its continued good performance caused me much anguish. Hahaha. Why did I let go of it?!?

UMS continued to be a pleasant surprise with increased divideds and prospects. Probably that was a good decision on hindsight. 

I think dividend investing in good companies should continue to be a strategy which I should pursue for this SRS account. 

Sitting on much cash with nothing to do. Will a crisis ever come in 2014? Better start working hard on my retirement plans once my working hours resumed to its normal pace...

Happy SRSing

Wednesday, 5 March 2014

China Environment

I think i have no "luck" with S-Chip and i should avoid them.... haha the first time i recorded the S-Chip in this blog was China Fishery.

I shared with you my position in China Environment earlier, and the next thing i know, it broke the "cut-loss" support which i have in mind of 49c and i cut my position at 48.5 cents today.



I don't like the look of the chart so probably, insiders are selling out. Time will tell if my decision is right or wrong but if you have followed me long enough, you will know that i don't like to hold on to a losing position. The first loss is probably the best loss for me.

Happy SRSing and i will need to think for a long time before getting any S-shit. :-(


Tuesday, 25 February 2014

Second Chance Properties Ltd

I first entered this position in March 2013. The entry post was here.

Over this period, i received $340 worth of dividends.

The Company announced on 6 Feb that it is going to dispose the majority of its properties.

The announcement is here.

Since the main investment thesis of mine was to achieve a yield of 7%-8%, the divestment means that the original thesis is no longer valid as the Company will not be able to receive a stable income. There is also uncertainty in how the sale proceeds will be divested.

In this regard, i sold my position in Second Chance today. The return (including the yield) in IRR terms is around 18%.

Happy SRSing.

Sunday, 16 February 2014

SRS Portfolio - 31 Jan 2014


Nothing much to report for Jan except the investment in China Environment which I have shared with you earlier. 

Received $170 dividend from 2nd Chance properties but i haven't had the time to analyze its latest decision to sell the majority of its portfolio of properties. That made my initial investment thesis no longer valid. I may divest this once I had a chance to read through its announcements. 

Happy SRSing. ^_^

Saturday, 1 February 2014

China Environment



I mentioned about a S-Chip stock few weeks back. You know my dislike for S-Chip stocks including my previous misadventure in China Fishery Group.

Anyway, i decided to give this S-Chip another chance. ^_^

I went to Beijing early part of this week and i can tell you that you never appreciate good air quality until you don't have it. This is the view from Shangri-la overlooking the CCTV HQ from my hotel room and you can see the air is heavily polluted. I don't even dare to "breathe" heavily when i am walking outside.


The government of China has to clean up its act in the next 30 years as the air quality is really bad. As such, there present much opportunity in the environmental space to ensure clean air and water. 


Follow the smart money?

There are 2 companies in this space, United Envirotech and HanKore and both experienced strong upward price movement after the smart money came in.



China Environment

China Environment raised $17m from Havenport Asset Management at $0.55 per share back in Nov.

Havenport Asset Management was spun out from Legg Mason (i.e. the individuals were previously managing money for Legg Mason) and Legg Mason continues to engage Havenport to invest money on their behalf. I believe Havenport is to seek alpha from this investment and not to "churn" the investment.

Latest Quarterly Results

The Company released a strong set of Q3 results where net profit surged by 370%.


I believe the increase in profitability is sustainable as they have increased their capacity by 400%.

The outlook continue to be positive from this sector as pollution is increasingly a very serious issue and the government now has the funds in its coffers to tackle this problem head on.


Some of the SGX announcements for your reference:
2. Corporate Presentation Slides File 1 and 2

SRS portfolio


I bought 20 lots for my SRS account at $0.57 per share and saw it surged to $0.62 before dropping to the current price of $0.54 again. I believe 50c-55c is a strong support given that Havenport bought around 55c.

 I am hoping to see a 25% increase in share price in 1 year from now and 50% in 2 years. Let's see how the Q4 results pan out and the company is off to a good start in 2014.


Happy Greening

Friday, 10 January 2014

SRS portfolio - 31 Dec 2013


Dividend

Received dividends of $100 from UMS in December. The company had proven me wrong in many ways. When I first purchase this stock I was quite apprehensive, not sure if this tech related stock is able to pay dividends as promised. For those who just joined, the company promises to pay 1c every quarter and so far, my meagre 10 lots have been giving me at least $400 every year. The dividend plus the lack of volatility is actually quite "ideal" for a long term hold and the share price has been appreciating steadily. 

S chips

I added one S chip counter this week in the environment space. While I am wary of China stocks, I decided to give this counter a chance to prove me wrong. Haha. I will blog about it next time or you will see it being reflected in my statement in Jan. 

DBS Internet Banking

I was pleasantly surprise to see that the bank has improved its system and I can now view the portfolio and balance online. Not bad!

Happy SRSing
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