Buys since April 17, 2017

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).

 

 

 

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Sell SHLPH? Some stocks to watch

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.