Cash dividends in Apr 2018

Received the following cash dividends in April:

  • SMC2F: ₱1.27635/share, around 1.63%, quarterly (6.54% p.a.)
  • SMC2C: ₱1.50/share, around  1.87%, quarterly (7.50% p.a.)
  • PHN: ₱0.40/share, around 5.01% p.a.
  • DMC: ₱0.48/share, around 4.48% p.a.
  • NIKL: ₱0.12/share, around 2.35% p.a.
  • LTG: ₱0.20/share, around 0.92% p.a.
  • AEV: ₱1.28/share, around 2.03% p.a.
  • AP: ₱1.39/share, around 3.56% p.a
  • GTCAP: ₱3.00/share, around 0.28% p.a.
  • SHNG: ₱0.1255/share, around 3.87%, semi-annually, (6.03% p.a.)
  • DDPR: ₱1.61945/share, around 1.60%, quarterly, (6.42% p.a.)
  • PCOR: ₱0.15/share, around 1.56% p.a.
  • SHLPH: ₱5.14/share, around 9.55% p.a.
  • CLI: ₱0.15/share, around 3.04% p.a.
  • MPI: ₱0.076/share, around 1.40%, semi-annually, (2.04% p.a.)
  • SECB: ₱1.50/share, around 0.74%, semi-annually, (1.49% p.a.)
  • TEL: ₱28.00/share, around 2.00%, semi-annually, (?? p.a.)*

All above % estimates are against price at close of May 11, and are the gross value/share, not taking into account the 10% withholding tax for Filipino citizens. This might inflate the % cash divs due to the recent market downturn.

*For semi-annual payouts, I typically add the previous cash dividend to this last one and just divide by the current price, however I’m not confident that TEL will be giving out as much as what they paid out back in Sep 2017.

Received a net (after 10% withholding tax) of around 0.88% of my principal from cash dividends in March (which if the equivalent would occur each month of the year, would equal to around 10.61% p.a…. and would also mean that most of the cash dividends I receive occur in April as I’m sure I don’t reach half of that percentage in a year).

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Bought in the first half of March 2018

Bought the following shares in the first half of March 2018:

  • 9: ROX @ ₱3.38
  • 12: AP @ ₱39.95
  • 12: COSCO @ ₱7.23
  • 12: MRSGI @ ₱3.28
  • 13: IMI @ ₱18.26 (tiny odd lot to round out my holdings)
  • 15: FNI @ ₱2.64

I succumbed to FOMO in buying LTG last month. I should’ve waited. I finally got to buy some ROX which I’ve been looking at since April last year when it was around ₱2.75

I was wrong in not selling VUL. I have a bit more of a buy and hold strategy, however I should segregate those I invest in, against those I speculate in. I now have a mental note to myself in terms of selling speculative stocks when they have sell signals.

SHLPH finally declared their cash dividends which I’ve been waiting for for some time now (I’ve written separately about it in Apr, Jul and Oct 2017 and Jan 2018). At ₱5.14/share, I’m guessing they’re either making up for the small cash div last year or that must more than 75% of earnings. I’m wondering though why they didn’t just release their cash dividends 2 or 4 times a year as it may make for a less volatile stock price.

I’m still uncertain if I’m buying more MBT just to get more of the ₱75 stock rights.

ALCO, ION, and SMPH are starting to look interesting.

I’ve also been reading and YouTubing some Jack Schwager.

Bought and sold since Oct 8, 2017

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.

 

Buys since April 17, 2017

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).

 

 

 

Sell SHLPH? Some stocks to watch

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.

 

 

Sold ALCO, bought EMP

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.