Cory Diary: Good Bye - Global Logistic Properties

Quite late in the game on this. Only enter the game in Feb'17 but never late than never. One of my deliberation is due to the influence of Reit yield on my estimation of GLP value. Well, I am not exactly right considering GLP potential and Strategic assets especially so when they have international importance.

In the end, revised my estimation and arrive a fairer value of $3 at minimum which I then entered my positions. Nevertheless not much. Hindsight is so great ....

Here's my XIRR roughly 36 % inclusive of dividends. Absolute 22 % return.

(updated for privacy)

I could have hold till the end for few more percent gains and save the trading cost but that means half year of opportunity cost and go risk be it minimal or not. Decided not as I can re-invest easily with such gains.

thank you GLC.

Cory

20171013

Cory Diary : Recent Trade Actions 20170719

Here's another post on my recent trades but not all I can remember. The last time i post is here link. I try to stay as accurate as i can remember.


ASCENDAS REIT

I have managed to build back and more such that it has become one of my reit core holding. Using my basic TA skill, i thought 2.57 is a nice entry point but I start to dip for it at 2.62 and 2.58. I did sell some to resize my investment amount at 2.63. It now occupies 4%+ of my non-fixed equity. I am so glad to be back and with good 4 digits trading profit buffers. This investment is to plan for my next year returns and support of 6% dividends from it.


OKP

Did a punting on OKP when it dropped but miss the bottom in seconds. ( angry )...  so sold off my holding with some kopi money. I am not familiar with the future impact and feel MOS may not be good enough. This trade is basically for trying.


GLP

If you may know, I profited from recent takeover of GLP. This one is s bit of nerve. I have 12 lots originally. When it dropped to 2.76 prior to the announcement i sold 4 lots to re-size my exposure. Fortunately or so otherwise, the Offer is good. I benefited from the 8 lots remaining. And some from profits from the 4 lots sold. Not too bad for some one who is late into the GLP game just this year. 20% returns for a red dot speculation trade.


Design Studio

My exposure in this counter is quite large. I took some profit when it run up so that I can sleep better. This counter is still quite good considering the 10% dividend level and the company expected to run ok. Don't ask me can the performance be sustained. I don't know, and I am still vested. Just stay nimble I guess.


Cory
20170719