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.
Received the following cash dividends in July:
- SPC: ₱0.40/share, around 8.8%, annually*
- CEB: ₱2.75/share, around 2.4%, annually
- SMC2F: ₱1.27635/share, around 1.57%, quarterly
- SMC2C: ₱1.50/share, around 1.86%, quarterly
- HLCM: ₱0.98/share, around 7.9%, annually**
- DDPR: ₱1.61945/share, around 1.54%, quarterly
- MEG: ₱0.05410389/share, around 1%, annually
- ROCK: ₱0.0594/share, around 3.3%, annually
- SMC: ₱0.35/share, around 1/3 of 1%, quarterly
All above % estimates are against price on Sep 12, and are the gross value/share, not taking into account the 10% withholding tax for Filipino citizens.
Cash dividends in July 2017 are higher than my typical month and it made up 0.59% of my whole principal. Meaning if I always had as much cash dividends in a month, my principal would be getting around 7% p.a. gross. This is due to the quarterly SMC and DD preferred shares paying during the month, plus the annual cash div payable of higher yield shares, SPC, HLCM and ROCK (I consider anything above 3% as fairly high yield).
*This was supposed to have been paid on June 30, but it arrived to me in July, hence I’m accounting it in July.
**Noted this share fell in value in the past few weeks which has increased the cash dividend yield.
I sold some MEG today as I want to risk manage a bit. I was trying to sell some SECB but mistakenly bought as I was in a rush before my train was going into a tunnel and was afraid I might lose cell signal. Crap.
I think SECB is a bit high at that price and wanted to sell so I could buy some other shares on my watchlist I posted on previously (e.g. BLFI @ ₱3.94, LR, RFM, FLI… or even SHNG or ABA). At its closing price of ₱252.00, P/E is 22.42, with a P/B of 1.84 (courtesy of MS Money). That’s a bit too close to BDO (20.37 and 1.97) and BPI’s (17.89 and 2.43) valuations… I mean why not just buy the better valuations of MBT or CHIB right? Hence why I wanted to sell some. I’m just going to cross my fingers for now and hope it goes up a bit for me to sell… or it do what my MWIDE did when I also made the mistake of buying instead of selling.
The past few days have been pretty bad on my portfolio and I think I’m just up by around 22.90% on my principal with an XIRR of 13.95%… (if my calculations are correct) so maybe I’m not doing as bad as I thought.
Bought some PIP for ₱3.16 on Aug 3 as the price is pretty low compared to its revenue. I also tried buying some RFM but no one matched at the price I bid… same with DDPR. I’ll just wait then. To quote W. Buffet, “What’s nice about investing is you don’t have to swing at pitches… No umpire is going to call you out. You can wait for the pitch you want.”
I’m also looking at LR as it has gone down considerably (approx 14%) since I last bought it a week or two ago.
I’m a bit surprised that the price of MEG didn’t go down even though the US Dems are proposing a bill on taxing US organizations that outsource. Maybe investors don’t see it affecting the Philippine economy.
I also tried selling most of my EDC at near its peak on Friday (Aug 4) but no one bit.
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.
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.