Thursday, March 21, 2019

Portfolio Value as per March 2019


No.
Counters
No of Shares
Market Price
per Share
(SGD)
Total Value
(SGD)
1
AEM
50,000$1.19$59,500.00
2Best World15,000$2.54$38,100.00
3Centurion50,000$0.415$20,750.00
4Innotek250,000$0.525$131,250.00
5SingMedical250,000$0.455$113,750.00
6
Sunningdale
50,000$1.370$68,500.00
7
Tat Seng
Packaging
50,000$0.610$30,500.00
8
Cash


$38,513.25





TOTAL:$500,863.25


(1) Sold 10,000 shares of Best World @$2.34 per share.
(2) Sold 10,000 shares of Sunningdale @$1.51 per share.
(3) Bought 50,000 share of Innotek @52cts per share.
(4) Injected fresh fund of $10,010 into the portfolio.



Year
Capital Injected
(SGD)
Capital Accumulated
(SGD)
Dividend Received
(SGD)
Portfolio Value
(SGD)
2010
$2,000.00
$2,000.00----
2011
$0.00
$2,000.00----
2012
$34,200.00
$36,200.00----
2013
$34,200.00
$70,400.00----
2014
$34,200.00
$104,600.00----
2015
$34,200.00
$138,800.00----
2016
$34,200.00
$173,000.00----
2017
$26,414.00
$199,414.00$14,865.00$402,954.00
2018
$21,452.00
$220,866.00$11,200.00$442,543.00
2019$11,960.00$232,826.00--$$500,863.00




Wednesday, March 20, 2019

My system to Best World



Best World shares was halted for about 5 days from Monday 18th Feb and opened for trading again on the following Monday 25th Feb. The reaction of the management in order to respond to a Business Times article written about Best World was the trigger of the trading halt. Best World responded with 15-page response. Since then Best World shares price has dropped from its peak abt $3.33 to about $2.01 in 2 weeks time. Its share price has since stabilized and been up a bit to about $2.55 after Best World said it has appointed Independent reviewer PricewaterhouseCoopers Consulting (PwC) to examine its franchise mode.


How is my Investment System reacting to this situation?

After a couple of years in the market, with some changes made into my system from time to time, i am more prepared now to any situation happening or will happen to my portfolio.

When i decided to sell 8,000 & 25,000 shares of Best World last year, i had decided to make some modifications to my system based on my Selling Criteria.

I also sold 10,000 shares of Best World early of this month at an average price of about $2.34 per share.


Why did i sell my Best World shares? Was i worry about Best World situation? Did i think that Best World market valuation has reached its full valued?


My reason to sell some of my shares last week was i thought with the market capitalization of about 1.3B, Best World is definitely not my cup of tea anymore. It is out of my capability to understand the business to be exact.

However, i am still comfortable with the key managements leading the business and their business prospect, i have decided to keep 15,000 shares for the time being. It only takes about 8% of my total portfolio and i am comfortable in holding them.

Emotions play a big role in investing or Investing is an emotional game which can lead us to make terrible financial decisions. To be kind and able to control my emotion, i will slowly employ my investment strategy in divestment of a business.




Friday, February 15, 2019

Portfolio Value as per February 2019


No.
Counters
No of Shares
Market Price
per Share
(SGD)
Total Value
(SGD)
1
AEM
50,000$1.02$51,000.00
2Best World25,000$3.25$81,250.00
3Centurion50,000$0.405$20,250.00
4Innotek200,000$0.475$95,000.00
5SingMedical250,000$0.445$111,250.00
6
Sunningdale
60,000$1.560$93,600.00
7
Tat Seng
Packaging
50,000$0.630$31,500.00
8
Cash


$16,375.82





TOTAL:$500,225.82


(1) Bought 10,000 shares of Innotek @46cts per share. My average cost for the second time entry is about 40cts per share.

(2) Injected fresh fund of $1,960 into the portfolio.

(3) Reporting season for FY is here, so will be a very busy month for me.