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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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 in Feb 2018

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.

 

 

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).

 

 

 

Sold MWIDE, MEG

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.