Cash Dividends in Mar 2018

I bought shares in just two more orgs in March:

  • 20: SCC @ ₱29.95
  • 22: AC @ ₱931.00

I can’t really call the ₱75.00 MBT SRO a typical buy so I won’t call it that. I typically exercise all SROs as it doesn’t make sense not to.

I don’t hold any orgs that paid out cash dividends for the month of February 2018.

Received the following cash dividends in March:

  • FB (PF): ₱0.20/share, around 0.3%, quarterly (1.23% p.a.)*
  • GLO: ₱22.75/share, around  1.47%, quarterly (5.90% p.a.)
  • ALCPB: ₱1.76145/share, around 1.69%, quarterly (6.77% p.a.)
  • HOUSE: ₱0.25/share, around 3.67%, semi-annually (4.41% p.a.)
  • RFM: ₱0.08571/share, around 1.77%, semi-annually,  (2.95% p.a.)
  • MBT: ₱1.00/share, around 1.17% p.a.
  • IMI: ₱0.235/share, around 1.52% p.a.
  • SCC: ₱1.25/share, around 4.05%, semi-annually, (?)**
  • ABS: ₱0.92/share, around 3.28% p.a.
  • BEL: ₱0.12/share, around 3.57% p.a.
  • PX: ₱0.04/share, around 0.70%, semi-annually,  (1.41% p.a.)
  • BLFI: ₱0.10/share, around 3.19% p.a.
  • LR: ₱0.07/share, around 1.53%, semi-annually,  (3.28% p.a.)
  • MWC: ₱0.4302/share, around 1.54%, semi-annually,  (3.07% p.a.)

All above % estimates are against price at close of April 30, 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.

*Using / 10 as PF became FB and split.

** SCC typically pays out in March and September. I didn’t put in an annual rate as the stock has split 300% and didn’t want to use the last dividend’s payment (taking the split into account).

Received a net (after 10% withholding tax) of around 0.34% of my principal from cash dividends in March (which if the equivalent would occur each month of the year, would equal to around 4.09% p.a.).

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Cash Dividends in Nov and Dec 2017

Received the following cash dividends in November and December:

  • MWC: ₱0.4244/share, around 1.48%, semi-annually (2.97% p.a.)
  • SMC: ₱0.35/share, around 0.24%, quarterly (0.99% p.a.)
  • RFM: ₱0.0575/share, around 1.19%, semi-annually (2.98% p.a.)
  • SECB: ₱1.50/share, around 0.59%, semi-annually (1.19% p.a.)
  • HOUSE: ₱0.05/share, around 0.79%, semi-annually (4.78% p.a.)
  • GLO: ₱22.75/share, around 1.30%, quarterly (5.21% p.a.)
  • PX: ₱0.04/share, around 0.56%, semi-annually (1.12% p.a.)
  • ALCPB: ₱1.76145/share, around 1.62%, quarterly (6.51% p.a.)
  • FPH: ₱1.00/share, around 1.59%, semi-annually (3.18% p.a.)
  • JFC: ₱1.18/share, around 0.40%, semi-annually (0.74% p.a.)
  • PF: ₱1.50/share, around 0.23%, quarterly (0.95% p.a.)
  • SPC: ₱0.40/share, around 7.29%, semi-annually (14.59% p.a.)
  • MWIDE: ₱0.05/share, around 0.23% p.a

All above % estimates are against price at close of January 26, 2018 (which might have diluted the returns,  except for Telcos and SPC, as the market has had a bit too much ‘irrational exuberance’ of late) and are the gross value/share, not taking into account the 10% withholding tax for Filipino citizens.

Received a net (after 10% withholding tax) of around 0.03% of my principal from cash dividends in November (which if the equivalent would occur each month of the year, would equal to around 0.44% p.a.).

For December, received a net (after 10% withholding tax) of around 0.17% of my principal from cash dividends (which if the equivalent would occur each month of the year, would equal to around 2.04% p.a.).

The only stock dividend I received was the 8% stock dividend of CHIB at the start of November 2017.

Found the Dividend Yields site that shows the yield of the PSE index of 30 shares.

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.