Bought and sold since Oct 8, 2017

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.

 

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Recent Sell transactions

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.

Bought SMPH @ ₱28.75 and DMC @ ₱12.06

Bought some additional SMPH and DMC on March 16th, adding to the SMPH I had bought in mid-Oct last year (@₱26.90) and averaging down the DMCs I bought in Jan 2015 (@ ₱14.68) and Feb 2017 (@₱13.06).

After selling some ALCO @₱1.48, wondering if I had made a mistake not getting back in @₱1.38 (as it’s now at ₱1.42).

In terms of wondering about mistakes, maybe I should have sold some Shell at its peak of around ₱80.00 now that its around 9% lower than that. My thinking was that its expected that Shell will have an attractive dividend policy. Something that I haven’t read any updates on, just yet, since the IPO.

Also looking into getting some Wilcon IPO and CPG @ ₱0.50.