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.
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.
So… I was supposed to sell some MWIDE… BUT, with the platform I’m using one could easily make a mistake of buying instead of selling… sooo… I bought some MWIDE even though I was intending to sell some, given that it was just at ₱14.88 a few weeks back (Mar 6, 2017). I’m crossing my fingers (and being irrational) that this will be a re-run of when I mistakenly bought TUGS instead of selling it a few months back. TUGS went up probably double of what I made… but I had sold it by that time. For a while MWIDE was trading at ₱17.80 after I bought it… but it closed at ₱17.50. Oh well. Maybe I’ll just hold on to it for the long term.
Sold some Globe Telecom at ₱2022 (it closed ten pesos above that) as it was just ₱1479 on Dec 28, 2016… had to lock in some gains, aside from it being right after the quarterly cash divs of GLO (paid earlier in Mar). GLO quarterly cash divs were at ₱22.75 / share last time around, which gives around a 4.5% p.a. yield @ ₱2000 / share.
Also received some cash divs of MWC (of 0.4244 / share) today. MWC typically gives out cash divs twice a year in Mar and Oct. Yield is approximately 2.7% p.a.
Sold half of my LTG shares for ₱14.90 back in Mar 22 that in hindsight might not have been the best thing to do (it closed at ₱16.08 today), especially since my net gain was just slightly over 3% for holding a stock for more than three months. This is below my IRR of greater than 11%. I guess I just thought that it’s better to gain rather than see and wait for a stock in case it goes below purchase price. I did hold on to my other half of shares which is currently showing a paper gain of around over 19%.
As I said in previous posts on what I was planning to purchase, in the past week I bought some more ALCO @ ₱1.38, CPG @ ₱0.495, MPI @ ₱6.12 and SGI @ ₱1.39.
Looking at HLCM the past few days, but it went up 3.2% today, so I might hold off… or maybe buy at the higher price. May sell some GLO or MWIDE as I’d need to get ready for the stock rights of CHIB (to be priced on Apr 6, offered from Apr 24 to May 5, with a tentative listing date of May 10).
Excited about the WLCON listing tomorrow. Got a very limited amount of shares. Read somewhere it was 3x oversubscribed. At the offer price though, the price was quite dear. Let’s see how the market thinks about it tomorrow.
PHN ex-divs tomorrow, payment is supposed to be on Apr 21. Also received my PX cash div of ₱0.04 / share and BEL’s cash div of ₱0.095 / share recently (PX’s cash div yield is so low I’m not going to even try to compute it, BEL’s is around 2.3%).
Added to my Megawide holdings by buying some shares today at ₱14.88. At that price, PE is around 30x and with no dividend yield, the biggest reason I’m buying this stock is because of its industry’s prospects in the mid-term. The last time I bought MWIDE was November 14, 2016 @₱14.78.
I’m looking forward to the Eagle Cement IPO in May. CPG is also starting to look good at its current price of ₱0.50.