Received the following cash dividends in April:
- SMC2F: ₱1.27635/share, around 1.63%, quarterly (6.54% p.a.)
- SMC2C: ₱1.50/share, around 1.87%, quarterly (7.50% p.a.)
- PHN: ₱0.40/share, around 5.01% p.a.
- DMC: ₱0.48/share, around 4.48% p.a.
- NIKL: ₱0.12/share, around 2.35% p.a.
- LTG: ₱0.20/share, around 0.92% p.a.
- AEV: ₱1.28/share, around 2.03% p.a.
- AP: ₱1.39/share, around 3.56% p.a
- GTCAP: ₱3.00/share, around 0.28% p.a.
- SHNG: ₱0.1255/share, around 3.87%, semi-annually, (6.03% p.a.)
- DDPR: ₱1.61945/share, around 1.60%, quarterly, (6.42% p.a.)
- PCOR: ₱0.15/share, around 1.56% p.a.
- SHLPH: ₱5.14/share, around 9.55% p.a.
- CLI: ₱0.15/share, around 3.04% p.a.
- MPI: ₱0.076/share, around 1.40%, semi-annually, (2.04% p.a.)
- SECB: ₱1.50/share, around 0.74%, semi-annually, (1.49% p.a.)
- TEL: ₱28.00/share, around 2.00%, semi-annually, (?? p.a.)*
All above % estimates are against price at close of May 11, and are the gross value/share, not taking into account the 10% withholding tax for Filipino citizens. This might inflate the % cash divs due to the recent market downturn.
*For semi-annual payouts, I typically add the previous cash dividend to this last one and just divide by the current price, however I’m not confident that TEL will be giving out as much as what they paid out back in Sep 2017.
Received a net (after 10% withholding tax) of around 0.88% of my principal from cash dividends in March (which if the equivalent would occur each month of the year, would equal to around 10.61% p.a…. and would also mean that most of the cash dividends I receive occur in April as I’m sure I don’t reach half of that percentage in a year).
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.
The following are the buys and sells I had in November. I’ll take on received dividends in another post (there were just 4 cash divs, and 1 stock div).
Bought the following shares in Nov 2017:
- 6: FNI @ ₱3.01
- 6: NIKL @ ₱7.47
- 10: CHIB @ ₱33.50
- 13: PBB @ ₱12.00
- 22: MBT @ ₱94.20
Sold the following shares in Nov 2017:
- 10: RFM @ ₱5.00
- 28: ROCK @ ₱2.36
- 29: SPC @ ₱6.60
Bought the following shares in Dec 2017:
- 1: FGENG @ ₱115.70
- 5: SECB @ ₱242.60
- 5: SPC @ ₱5.50
I’m still trying my best not to sell my gains. SPC was just too tempting not to sell some of my holdings.
Been watching some Marvin Germo and he had a great vlog post here with other financial planners, like Fitz Villafuerte and Ryan de Vera which I’ll add to the links.
Year to date, my XIRR is only up by 14.25% which is close to my annual average gain in the past 5 years, but definitely way below the PSEi’s 20+% increase this year.
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.
Recently sold the following shares:
- SSI @ ₱4.71 and ₱4.70 on Aug 30, 2017
- SMPH @ ₱33.70 on Aug 31, 2017
I typically sell for just two reasons, one is to risk manage, the other is that the stock is just plain overpriced and I believe I can eventually pick up the stock at a lower price.
My recent sell of SCC was for reason 1, while WLCON @ ₱8.58, SECB @ ₱260.40, SSI @ ₱4.70 and ₱4.71 and SMPH @ ₱33.70 was for reason 2.
Since I sold WLCON, it has gone up to the ₱9.50 range (I’m still holding some shares) and I’m just wondering how much that stock can still rise.
SMPH is still around the same range as when I sold it. I simply don’t think that the multiples of SMPH justify its price (around 37 P/E), specially with a net income growth rate of around 15% Q/Q. As with WLCON, I’m still holding some SMPH.
SCC has gone up, notwithstanding the ₱5/share that I missed on. I am also still holding some SCC.
SSI and SECB have gone down. I’ve sold all my SSI and am still holding some SECB which I intend to buy again.
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.
I sold some MEG today as I want to risk manage a bit. I was trying to sell some SECB but mistakenly bought as I was in a rush before my train was going into a tunnel and was afraid I might lose cell signal. Crap.
I think SECB is a bit high at that price and wanted to sell so I could buy some other shares on my watchlist I posted on previously (e.g. BLFI @ ₱3.94, LR, RFM, FLI… or even SHNG or ABA). At its closing price of ₱252.00, P/E is 22.42, with a P/B of 1.84 (courtesy of MS Money). That’s a bit too close to BDO (20.37 and 1.97) and BPI’s (17.89 and 2.43) valuations… I mean why not just buy the better valuations of MBT or CHIB right? Hence why I wanted to sell some. I’m just going to cross my fingers for now and hope it goes up a bit for me to sell… or it do what my MWIDE did when I also made the mistake of buying instead of selling.
The past few days have been pretty bad on my portfolio and I think I’m just up by around 22.90% on my principal with an XIRR of 13.95%… (if my calculations are correct) so maybe I’m not doing as bad as I thought.