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.
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.
Recently sold the following shares:
- SSI @ ₱4.71 and ₱4.70 on Aug 30, 2017
- SMPH @ ₱33.70 on Aug 31, 2017
I typically sell for just two reasons, one is to risk manage, the other is that the stock is just plain overpriced and I believe I can eventually pick up the stock at a lower price.
My recent sell of SCC was for reason 1, while WLCON @ ₱8.58, SECB @ ₱260.40, SSI @ ₱4.70 and ₱4.71 and SMPH @ ₱33.70 was for reason 2.
Since I sold WLCON, it has gone up to the ₱9.50 range (I’m still holding some shares) and I’m just wondering how much that stock can still rise.
SMPH is still around the same range as when I sold it. I simply don’t think that the multiples of SMPH justify its price (around 37 P/E), specially with a net income growth rate of around 15% Q/Q. As with WLCON, I’m still holding some SMPH.
SCC has gone up, notwithstanding the ₱5/share that I missed on. I am also still holding some SCC.
SSI and SECB have gone down. I’ve sold all my SSI and am still holding some SECB which I intend to buy again.
Sold some of my holdings in SCC @ ₱175.20 and WLCON @ ₱8.58 yesterday. I also sold some SECB @ ₱260.40 earlier today. The SECB I sold included what I mistakenly bought for ₱252.20 and some shares I bought last year.
I really like SCC for their earnings and the consistent cash dividends, however the price seemed a bit high. I’ll try to buy it again if the price lowers a bit. WLCON was a bit high, and it went even higher after I sold, but selling at around 68% above IPO is good enough for me.
Bought BLFI @ ₱3.96 which I intend to accumulate as long as the price stays low enough. My only concerns for this stock is the low trading volumes and its P/E of around 15 isn’t cheap. Its div yield of around 5% (at its current price) is great though. It typically ex-divs around the 1st week of March, payable at the end of March.
Still looking at LR, which maybe I should have bought earlier today before the price spiked to ₱4.32. Also looking into FGEN at ₱17.10 (52 wk low) which looks like a good price to buy it. PIP @ ₱2.90 and PBB @ ₱13.20 also look like good buys.
I should really start putting down the steps I use in deciding whether or not to buy and sell a stock and then continually improve it. Maybe I should put it in a flowchart. Typical steps I use are:
- Is it relatively cheap in terms of its current P/E? B/V?
- Does it give good cash dividends and its dividend history?
- Earnings trends
- How is the management team and reputation?
- Price trends for the past week, month, 3 months, year, 2 years and 5 years.
Sold the MWIDE I mistakenly bought two weeks ago @ ₱17.72 for ₱18.48. That just gives me a cautionary tale that I should try to give it a second thought before trading as it reminds me of Eugene Fama’s Efficient Market Hypothesis. If you aren’t familiar with it, here’s a couple of links:
It also makes me think I should have just waited for FMETF before investing in a couple of UITFs in 2012. I also invested in PHILEQT back in Dec 2014 with no gains since. But that’s another story. Glad Pinoy Money Talk is posting again about UITFs.
I also sold some MEG holdings for ₱4.05 as it has gone up quite a bit from two weeks ago and even though I believe it will still go up, I try to risk manage if I think I can use the money for another stock.
I’m currently looking into buying IMI (ex-divs today) and FGEN… aside from those I mentioned in my last post.
So… I was supposed to sell some MWIDE… BUT, with the platform I’m using one could easily make a mistake of buying instead of selling… sooo… I bought some MWIDE even though I was intending to sell some, given that it was just at ₱14.88 a few weeks back (Mar 6, 2017). I’m crossing my fingers (and being irrational) that this will be a re-run of when I mistakenly bought TUGS instead of selling it a few months back. TUGS went up probably double of what I made… but I had sold it by that time. For a while MWIDE was trading at ₱17.80 after I bought it… but it closed at ₱17.50. Oh well. Maybe I’ll just hold on to it for the long term.
Sold some Globe Telecom at ₱2022 (it closed ten pesos above that) as it was just ₱1479 on Dec 28, 2016… had to lock in some gains, aside from it being right after the quarterly cash divs of GLO (paid earlier in Mar). GLO quarterly cash divs were at ₱22.75 / share last time around, which gives around a 4.5% p.a. yield @ ₱2000 / share.
Also received some cash divs of MWC (of 0.4244 / share) today. MWC typically gives out cash divs twice a year in Mar and Oct. Yield is approximately 2.7% p.a.
Sold half of my LTG shares for ₱14.90 back in Mar 22 that in hindsight might not have been the best thing to do (it closed at ₱16.08 today), especially since my net gain was just slightly over 3% for holding a stock for more than three months. This is below my IRR of greater than 11%. I guess I just thought that it’s better to gain rather than see and wait for a stock in case it goes below purchase price. I did hold on to my other half of shares which is currently showing a paper gain of around over 19%.
As I said in previous posts on what I was planning to purchase, in the past week I bought some more ALCO @ ₱1.38, CPG @ ₱0.495, MPI @ ₱6.12 and SGI @ ₱1.39.
Looking at HLCM the past few days, but it went up 3.2% today, so I might hold off… or maybe buy at the higher price. May sell some GLO or MWIDE as I’d need to get ready for the stock rights of CHIB (to be priced on Apr 6, offered from Apr 24 to May 5, with a tentative listing date of May 10).
Excited about the WLCON listing tomorrow. Got a very limited amount of shares. Read somewhere it was 3x oversubscribed. At the offer price though, the price was quite dear. Let’s see how the market thinks about it tomorrow.
PHN ex-divs tomorrow, payment is supposed to be on Apr 21. Also received my PX cash div of ₱0.04 / share and BEL’s cash div of ₱0.095 / share recently (PX’s cash div yield is so low I’m not going to even try to compute it, BEL’s is around 2.3%).
Sold some of my holdings in Arthaland @₱1.48 that I bought back in Feb 13, 2017 for ₱1.32 which gives a net gain of around 10.8%. I think Arthaland is a good company to hold for the long haul, however I wanted to lock-in some gains and possibly use the cash to buy ALCO again in case the stock falls back to the ₱1.30+ range (it closed at ₱1.41).
I bought some EMP @ ₱6.46. It ex-divs on March 29, 2017 for ₱0.1865/share (around 2.8%). I now think it’s a bit of a long time and the share price may still go down until ex-div. EMP is one of my not too rational stocks that I hold because of what the company stands for and what it may become in the future… and I’ve been itching to buy this stock. I now remember one of those investment warnings on stopping yourself from ever falling in love with a stock, no matter how sexy it is. Oh well.
Around 20% of my portfolio is held in what I call kinda-moonshot stocks (wherein I can’t really tell when the price will pick up, if ever). Another 25% are in preferred shares or shares that give at least 5% cash div a year, with the rest of my holdings in value or high-dividend shares.
AEV, AP, TEL and the SMC preferred shares all ex-div on March 16, so last day to be in on their cash dividend tomorrow.