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.
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 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%).