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.
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).
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.