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.
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.
The following are the buys and sells I had since my Dec 17, 2017 post.
Sold the following shares in Dec 2017 and Jan 2018:
- 28: MBT @ ₱99.45
- 3: MPI @ ₱6.88
- 9: LTG @ ₱20.90
Bought the following shares in Dec 2017:
- 29: FMETF @ ₱130.50
- 29: PIP @ ₱2.15
Kicking myself for selling both MBT and LTG. More so with LTG as I sold all my shares. I still hold a decent amount of MBT. I’ll probably buy some FGENG soon and I’m still wondering whatever happened to SHLPH dividends. I’ll definitely unload some when the price goes above IPO as I have too much in my portfolio. WLCON is going nuts but I’m still holding it for now though. I might buy LTG again if it goes down to around ₱22+. I think the turnover is justified at these record-breaking points and had to sell for my own subjective risk management rules. Professionals supposedly go broke by taking small profits (my LTG had 68+% profit though). I’m happy as long as my trades are on trend and take profits to preserve my capital.
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.
Sold some of my holdings in SCC @ ₱175.20 and WLCON @ ₱8.58 yesterday. I also sold some SECB @ ₱260.40 earlier today. The SECB I sold included what I mistakenly bought for ₱252.20 and some shares I bought last year.
I really like SCC for their earnings and the consistent cash dividends, however the price seemed a bit high. I’ll try to buy it again if the price lowers a bit. WLCON was a bit high, and it went even higher after I sold, but selling at around 68% above IPO is good enough for me.
Bought BLFI @ ₱3.96 which I intend to accumulate as long as the price stays low enough. My only concerns for this stock is the low trading volumes and its P/E of around 15 isn’t cheap. Its div yield of around 5% (at its current price) is great though. It typically ex-divs around the 1st week of March, payable at the end of March.
Still looking at LR, which maybe I should have bought earlier today before the price spiked to ₱4.32. Also looking into FGEN at ₱17.10 (52 wk low) which looks like a good price to buy it. PIP @ ₱2.90 and PBB @ ₱13.20 also look like good buys.
I should really start putting down the steps I use in deciding whether or not to buy and sell a stock and then continually improve it. Maybe I should put it in a flowchart. Typical steps I use are:
- Is it relatively cheap in terms of its current P/E? B/V?
- Does it give good cash dividends and its dividend history?
- Earnings trends
- How is the management team and reputation?
- Price trends for the past week, month, 3 months, year, 2 years and 5 years.
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.
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.