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.

 

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Bought ALCO @ ₱1.01

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 CLC IPO, FDC @ ₱7.60, COSCO @ ₱7.79, HOUSE @ ₱5.92

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).

Bought LR@₱4.88 and more SPC@₱4.55

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.