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.
I sold some MEG today as I want to risk manage a bit. I was trying to sell some SECB but mistakenly bought as I was in a rush before my train was going into a tunnel and was afraid I might lose cell signal. Crap.
I think SECB is a bit high at that price and wanted to sell so I could buy some other shares on my watchlist I posted on previously (e.g. BLFI @ ₱3.94, LR, RFM, FLI… or even SHNG or ABA). At its closing price of ₱252.00, P/E is 22.42, with a P/B of 1.84 (courtesy of MS Money). That’s a bit too close to BDO (20.37 and 1.97) and BPI’s (17.89 and 2.43) valuations… I mean why not just buy the better valuations of MBT or CHIB right? Hence why I wanted to sell some. I’m just going to cross my fingers for now and hope it goes up a bit for me to sell… or it do what my MWIDE did when I also made the mistake of buying instead of selling.
The past few days have been pretty bad on my portfolio and I think I’m just up by around 22.90% on my principal with an XIRR of 13.95%… (if my calculations are correct) so maybe I’m not doing as bad as I thought.
So I bought ALCO at ₱1.01 yesterday… just before it crashed by almost 7% today. Sucks I know.
I haven’t done a recent XIRR but I’m around just 24% up from my capital/principal.
It’s been a bloodbath with recent IPOs, from SHLPH at around -4%, EAGLE at -0.8%, CLC at almost -8%, and CLI at around -3.4%. The only saving grace amongst IPOs is WLCON that’s up by around 63% (lower than its peak, but quite a gain nonetheless).
I’ve been unable to buy DDPR nor SMC2F since they’re both a bit high now.
I’m currently looking at FGEN (17.40), GTCAP (1168), HLCM (12.90), HOUSE (5.43), JGS (69.45), LR (4.19) and RFM (4.40).
Bought some PIP for ₱3.16 on Aug 3 as the price is pretty low compared to its revenue. I also tried buying some RFM but no one matched at the price I bid… same with DDPR. I’ll just wait then. To quote W. Buffet, “What’s nice about investing is you don’t have to swing at pitches… No umpire is going to call you out. You can wait for the pitch you want.”
I’m also looking at LR as it has gone down considerably (approx 14%) since I last bought it a week or two ago.
I’m a bit surprised that the price of MEG didn’t go down even though the US Dems are proposing a bill on taxing US organizations that outsource. Maybe investors don’t see it affecting the Philippine economy.
I also tried selling most of my EDC at near its peak on Friday (Aug 4) but no one bit.
In the past week I was able to obtain a few shares of the upcoming CLC IPO (@ ₱10.68), which in hindsight and totally basing on the P/E, looks quite expensive. Nevertheless, it’s just a few shares and maybe it will do a DD which I once held at around ₱4 before selling at around ₱5.
I also bought some FDC @ ₱7.60, COSCO @ ₱7.79, and HOUSE @ ₱5.92. I think FDC is undervalued given how much EW has increased its profits (and will likely continue to do so… it also isn’t a ‘treasury’ bank). COSCO is a retail play which hasn’t budged much despite of PGOLD’s movement. HOUSE is a cash dividend play.
I’ve gained around 2.2% cash on my principal in the 7 months of this year (note not p.a.) as a number of companies I hold are cash dividend plays. But then again, more companies seem to give out cash dividends in the first half than the second half of the year.
I’m at a wait and see on HLCM since its profits dropped significantly and there is a lot of competition in the cement business within the next 3-5 years.
I’m still looking at getting more PIP, RFM and probably SMC2F (which has an optional redemption date of around Sep 2022).
I bought more SPC yesterday at ₱4.55 and today I bought LR at ₱4.88.
I bid on some BLFI and some SMC2F but they weren’t matched. SMC2F returns an annualized 5.7% net at its current price of ₱80.55, which is ever so slightly higher than DDPR. In hindsight, I should have tried to get DDPR since I was unable to get SMC2F.
SHLPH is slightly below IPO price. I’ve held on to it because of Shell’s dividend policy. I’m not so sure about holding on to EAGLE as the cement industry may have a glut in the next few years. The Philippine’s infrastructure play is ever so slooowly progressing. CLI still looks good. ALCO is starting to look like a bargain.
I’m still looking into getting more COSCO, PIP, HOUSE, FDC and RFM. I’ve also requested to get a few shares of CLC from my broker.
I apparently haven’t written in more than two months.
The title is on ‘buys’ since the country I currently reside in (I live outside the Philippines) makes us report global income, hence I would need to report all the cash divs minus the tax that have been withheld in the Philippines (as it has a tax treaty with the country where I live). It also inhibits (whether in a good way or bad) all my sell transactions. I need to really think before pulling the trigger on a ‘sell’ as I would get hit with a capital gains tax.
As per my last post, I was thinking of buying FGEN and IMI. I bought both, buying FGEN @ ₱21.00 and IMI @ ₱7.90 a few days later. Since then, and compared to today’s price, FGEN is down by around 11.8%, while IMI is up by a whopping 71.4%.
I have also bought CHIB rights (as per previous posts), and the IPO’s of both EAGLE (up by around 7.8%) and CLI (up by around 9.9%).
I have bought AP twice as I’m steadily accumulating the stock, @₱40.05 and @₱39.75. The stock closed today @₱38.65 so I’m a few percentage points down.
I completely missed the bus on ROX. I was trying to get a hold of it in the ₱2.85 range in late April but wasn’t able to acquire it and it’s now around ₱5.00.
Today, I also bought some more CHIB @₱36.85 (as it just got a ratings upgrade from Moody’s) and MPI @₱6.27 (as I think it got a good deal for the extra stake in Meralco and Global Power).
Been checking out PHN the past few days, but it just went up by 4.1% today which makes me wonder if I should still watch it at that price. HLCM’s drop also seems a bit too much. BLFI, COSCO, PIP and RFM are also on my current watchlist.
I’m glad I wasn’t able to sell WLCON, as I was planning to sell in the mid ₱5’s (for around a 10% gain), and it’s now at ₱7.95 (or around 56% up from IPO).
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.
SHLPH share price has slowly been going down from a peak of ₱80.00 to today’s close of ₱72.45. Was hoping of selling some of my holdings at around the ₱74++ mark, the only thing that’s stopping me is that the company intends to give out 75% of its earnings as cash dividends. To make a not-so-informed analysis of that, from the ₱4.68/share (2016 earnings) would give around a 4.8% div yield at today’s price. A rate that only a handful of other shares can top.
HLCM, another stock with good div yield has also been going down, partially (and supposedly) because of the anticipated listing of Eagle Cement.
Current stocks on my watchlist to buy (aside from HLCM @₱15.02) are as follows:
- AP (₱41.30)
- ELI (₱0.66)
- FLI (₱1.63)
- GTCAP (₱1134)
- MEG (₱3.44)
- ROX (₱2.75)
Still smarting from my mistakenly buying more MWIDE @ ₱17.72, extra shares of which I’ll probably sell if it goes anywhere near today’s high of ₱18.42.
I’m seeing a couple of outlets expecting WLCON to go up to ₱6.00 pretty soon. I’ll likely get out before that to fund other underappreciated stocks as the market has been in this range of around 7140 to 7370 since it suddenly jumped during the first trading week of the year.
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.