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).
Bought the following shares in April 2018:
- 10: LR @ ₱4.99
- 16: MPI @ ₱5.00
- 16: PIP @ ₱2.50
- 17: CLI @ ₱4.54
- 19: AGI @ ₱12.98
- 19: MEG @ ₱4.31
- 19: SMPH @ ₱32.30
- 20: FLI @ ₱1.70
Sold the following shares in April 2018:
- 13: SMC2C @ ₱79.10
- 24: SMC2C @ ₱79.00
I had small, almost negligible, losses for both SMC2C transactions. Overall in the years that I’ve held them, there has been a net gain from quarterly cash dividends. As I mentioned previously, I will park cash in preferred shares, and will sell when the market goes down enough… the recent downturn of over 10% allowed me to pull the trigger. Aside from the fact that I will have to sell my SMC2C in the coming year as the optional redemption date of September 2019 is starting to loom and should put downward pressure on the price.
The following are the buys and sells I had since my Jan 28, 2018 post.
Bought the following shares in Feb 2017:
- 2: FGENG @ ₱111.60
- 12: CLI @ ₱4.48
- 12: LTG @ ₱22.50
- 13: MRSGI @ ₱3.49
- 15: FLI @ ₱1.78
- 19: IMI @ ₱14.28 (Stock rights offering)
- 20: ABS @ ₱31.55
- 20: MPI @ ₱5.88
The only shares I sold were PIP for ₱2.90 on Feb 2, 2018. I don’t see myself selling any shares in the next few days, unless VUL rockets even higher.
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).
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).