Cash dividends in Apr 2018

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).

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Bought in the first half of March 2018

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.

Bought and sold since Dec 18, 2017

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 GMA7@₱6.05

Bought some GMA7@₱6.05 today (it closed 2 centavos lower at ₱6.03). Hoping that they would continue on:

  • giving good cash dividends and
  • their streak of increasing earnings/share.

Its current P/E is around 10.4 (around its 5 year low of 10.29), P/B of 2.4, YTD net income is up 70+% but its Q/Q (last year) net income is down -48%.

I’m thinking SHLPH should declare cash dividends in the next few months and if only it didn’t already have a good portion of my portfolio, I’d buy some more.

Bought ALCO @ ₱1.01

So I bought ALCO at ₱1.01 yesterday… just before it crashed by almost 7% today. Sucks I know.

I haven’t done a recent XIRR but I’m around just 24% up from my capital/principal.

It’s been a bloodbath with recent IPOs, from SHLPH at around -4%, EAGLE at -0.8%, CLC at almost -8%, and CLI at around -3.4%. The only saving grace amongst IPOs is WLCON that’s up by around 63% (lower than its peak, but quite a gain nonetheless).

I’ve been unable to buy DDPR nor SMC2F since they’re both a bit high now.

I’m currently looking at FGEN (17.40), GTCAP (1168), HLCM (12.90), HOUSE (5.43), JGS (69.45), LR (4.19) and RFM (4.40).

Bought LR@₱4.88 and more SPC@₱4.55

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.

 

 

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.