The following are the buys and sells I had in November. I’ll take on received dividends in another post (there were just 4 cash divs, and 1 stock div).
Bought the following shares in Nov 2017:
- 6: FNI @ ₱3.01
- 6: NIKL @ ₱7.47
- 10: CHIB @ ₱33.50
- 13: PBB @ ₱12.00
- 22: MBT @ ₱94.20
Sold the following shares in Nov 2017:
- 10: RFM @ ₱5.00
- 28: ROCK @ ₱2.36
- 29: SPC @ ₱6.60
Bought the following shares in Dec 2017:
- 1: FGENG @ ₱115.70
- 5: SECB @ ₱242.60
- 5: SPC @ ₱5.50
I’m still trying my best not to sell my gains. SPC was just too tempting not to sell some of my holdings.
Been watching some Marvin Germo and he had a great vlog post here with other financial planners, like Fitz Villafuerte and Ryan de Vera which I’ll add to the links.
Year to date, my XIRR is only up by 14.25% which is close to my annual average gain in the past 5 years, but definitely way below the PSEi’s 20+% increase this year.
Received the following cash dividends in October:
- SMC2C: ₱1.50/share, around 1.82%, quarterly (7.31% p.a.)
- SMC2F: ₱1.27635/share, around 1.58%, quarterly (6.35% p.a.)
- DDPR: ₱1.61945/share, around 1.54%, quarterly (6.19% p.a.)
- LR: ₱0.08/share, around 2.1%, semi-annually (4.05% p.a.)
- FGEN: ₱0.35/share, around 2.0%, annually
All above % estimates are against price at close of November 22, and are the gross value/share, not taking into account the 10% withholding tax for Filipino citizens.
Received a net (after 10% withholding tax) of around 0.37% of my principal from cash dividends in October (which if the equivalent would occur each month of the year, would equal to around 4.47% p.a.).
Bought a couple of orgs and sold one since my last post. Bought the following shares on the following dates in October (some of which were very small odd lot orders to even out my holdings):
- 13: MRSGI @ ₱4.24
- 17: CNPF @ ₱15.40
- 18: JFC @ ₱245.20
- 18: BLFI @ ₱3.93
- 19: LR @ ₱4.03
- 19: SCC @ ₱41.00
- 19: SMC2F @ ₱81.50
- 30: ALCPB @ ₱108.00
Started to buy some ALCPB as an alternative to DDPR and the SMC preferred shares. At ₱108.00, net yield p.a. (for Filipino citizens) should be around 5.8%.
In November I bought the following shares on the following dates, just as in October, some were very small odd lot orders:
- 6: NIKL @ ₱7.47
- 6: FNI @ ₱3.01
- 10: CHIB @ ₱33.50
- 10: MBT @ ₱94.00
- 13: PBB @ ₱12.00
The only shares I sold since the last post was RFM @ ₱5.00. I sold shares I bought back in Aug 2016 (more than a year ago) @ ₱4.27. I made around 15.3% for that sale. Approximately around my 5-year XIRR of around 14% p.a. For comparison, the PSE index as a whole has returned around 25% from the start of the year. I haven’t done an analysis on my portfolio’s numbers, but that’s an idea. I think I’m far off from beating the market this year (note: I checked and I’m around 19% up YTD).
I’m trying to not sell anything even though I think the market is pretty high (the PSEi is around 22 p/e right now I believe). Mostly because of smarting from selling some SMPH, and WLCON before their peaks and also not being able to pick up SECB @ around ₱244.
I should have sold CEB when it was around ₱108.00 and above. I’m still thinking if I should sell some IMI @ around ₱21.50.
Stocks on my quite long buy watchlist are the following:
- ALCO @ ₱0.95
- AP @ ₱41.10 (seems like this is always on my watchlist)
- BLFI @ ₱3.84
- CHIB @ ₱33.50 (another one that’s always on my watchlist)
- CLC @ ₱9.24
- CPG @ ₱0.50
- DD @ ₱31.07
- ELI @ ₱0.66
- FLI @ ₱1.94
- FPH @ ₱61.90
- GTCAP @ ₱1172.00
- LR @ ₱3.73
- PHN @ ₱9.50
- PIP @ ₱2.64
- VUL @ ₱0.95
- X @ ₱4.55
I’m still wondering if SHLPH will announce cash dividends early next year.
I’ll post about October cash dividends received some time this month.
“One man’s ceiling is another man’s floor.” – Paul Simon
One of the reasons I started this blog is to put down my thoughts when I buy or sell shares. I want to be able to have a bit of objectivity in analyzing the process I go through in buying or selling shares. I want to have a strategy that I can support with a process that is compatible to my personality type.
Market moves (or non-movement) typically depends on its reaction to news of the organization’s income, macro, industry or related industry, etc. As the PSEi is in all-time-high territory, it makes me want to head for the exits and I can’t be able to blame myself if I did. However, how do I know if it’s at the high? Would I still buy some shares at this price point? I will always remember selling URC at ₱13? or was it ₱10.30? (from around ₱5), before it went up (albeit) many years afterwards to around ₱200 (now down to around ₱150). More recently, I bought DD @ ₱4.34 sold it a week after at ₱5.72. I bought it again at ₱8.07 then sold it at ₱10.30. That stock is now around ₱40.
I definitely want to sell some to lock in some gains, but I’m impeded by CGT. My thinking moving forward is to put in more cash into my stock trading account and try to put the majority into preferred shares, and if the market falls, then I sell the preferred shares (cognizant of the buy-sell spread) and buy shares that I deem undervalued. I could also sell some losers (I think I currently have around 6 out of 68+ shares that I hold that are losing more than 5% of their value) that I have and use it against my CGT gains.
I have always cost-averaged to remove the temptation of wanting to be completely right. This goes completely against what Charlie Munger thinks, but then again, I wouldn’t want to compare myself to one of the greatest investors the world has seen… and I’ll continue to hedge against my bets.
Bought more FDC yesterday @ ₱7.79. Funny that due to the capital gains taxes of the country where I reside, I’m really held back from selling any shares. I’m quite tempted to sell some as I think I can time some shares. Yes, I can fall into that trap of ‘timing’ that most ‘investors’ think they can do, but most cannot… though then again my track record has shown I’ve been successful with it a majority of the time. Which reminds me of, ‘Where Are the Customers’ Yachts?‘ and Buffett telling that story about trading and waiting for the right pitch… and if you keep on trading you’ll be making the broker richer and you poorer.
I want to sell as the cash holdings I now have are pretty low, and I want to be ready to buy when prices go back down. Admittedly though, I made a wrong call by selling some shares on both SMPH and SCC. I still hold some shares in both though.
Bought some GMA7@₱6.05 today (it closed 2 centavos lower at ₱6.03). Hoping that they would continue on:
- giving good cash dividends and
- their streak of increasing earnings/share.
Its current P/E is around 10.4 (around its 5 year low of 10.29), P/B of 2.4, YTD net income is up 70+% but its Q/Q (last year) net income is down -48%.
I’m thinking SHLPH should declare cash dividends in the next few months and if only it didn’t already have a good portion of my portfolio, I’d buy some more.
Received the following cash dividends in September:
- GLO: ₱22.75/share, around 1.1%, quarterly (4.4% p.a.)
- PF: ₱1.50/share, around 0.48%, quarterly (1.9% p.a.)
- TEL: ₱48.00/share, around 2.8%, semi-annually (4.4% p.a.)
- SCC: ₱5.00/share, around 2.9%, semi-annually (5.8% p.a.)*
- SHNG: ₱0.07/share, around 2.2%, semi-annually (5.1% p.a.)
- SGI: ₱0.07/share, around 4.89%, annually
- MPI: ₱0.0345/share, around 0.5%, semi-annually (1.49% p.a.)
All above % estimates are against price at close of October 4, and are the gross value/share, not taking into account the 10% withholding tax for Filipino citizens.
Per my previous post, received a net of around 0.297% of my principal from cash dividends in September (which if the equivalent would occur each month of the year, would equal to around 3.56% p.a.).
* based on Aug 18, 2017 closing price, which was before the 300% stock dividend
Bought LR on Sep 14, EDC on Sep 29, and AEV on Oct 2.
Buying EDC at this time is a gamble, but it’s a gamble I’m willing to take as I don’t think the price should be this low. The price has gone down a few percentages points since I bought it, and I might buy it again.
Received a net of around 0.297% of my principal from cash dividends in September (equal to around 3.56% p.a.). I’ll write about the received cash dividends in an upcoming post.
Received the following cash dividends in July:
- SPC: ₱0.40/share, around 8.8%, annually*
- CEB: ₱2.75/share, around 2.4%, annually
- SMC2F: ₱1.27635/share, around 1.57%, quarterly
- SMC2C: ₱1.50/share, around 1.86%, quarterly
- HLCM: ₱0.98/share, around 7.9%, annually**
- DDPR: ₱1.61945/share, around 1.54%, quarterly
- MEG: ₱0.05410389/share, around 1%, annually
- ROCK: ₱0.0594/share, around 3.3%, annually
- SMC: ₱0.35/share, around 1/3 of 1%, quarterly
All above % estimates are against price on Sep 12, and are the gross value/share, not taking into account the 10% withholding tax for Filipino citizens.
Cash dividends in July 2017 are higher than my typical month and it made up 0.59% of my whole principal. Meaning if I always had as much cash dividends in a month, my principal would be getting around 7% p.a. gross. This is due to the quarterly SMC and DD preferred shares paying during the month, plus the annual cash div payable of higher yield shares, SPC, HLCM and ROCK (I consider anything above 3% as fairly high yield).
*This was supposed to have been paid on June 30, but it arrived to me in July, hence I’m accounting it in July.
**Noted this share fell in value in the past few weeks which has increased the cash dividend yield.
Received the following cash dividends in August:
- JGS: ₱0.28/share, around 1/3 of 1%, annual
- CNPF: ₱0.18/share, around 1%, annual
As the above percentages show, they both aren’t exactly dividend plays.