Cory Diary : Recent Trade Actions 20180130

2018 January is I feel a more memorable day for my portfolio other than in the black. Is the first time I have a proper clean up state of my Reit counters that is much better balanced to form a better core. Few things I did. Sold AGT moons ago. Sold SPH Reit some time back. And today, sold remaining lots of LMIR as well. Bought back Ascendas Reit and Ascendas HT.


LMIR

The more I learn about LMIR the more I am a little worried. The perpetual shares it has issued is a relatively huge burden. This obscure the gearing which I do not like at all. It would be much better if they are able to get private placement. Then the recent rating downgrade warning kind of sink in. With the current yield of more than 8%, they would need to find some way to raise money ( probably expensively ) this year or to further their acquisition. This is a red flag to me. Since I have achieved 15% returns since 2017 on this counter, is time to say good bye. I do love the yield. Sad.


SPH Reit

Negative revision is the outlook. It may get better but i do not like the few properties or the play on seletar mall to keep the price up. If the stock market is to turn, this won't be my core holding. The yield around 5% doesn't look so good despite the low gearing not gearing up.


Ascendas Hospitality Reit Trust

The plan to sell the two hotels look good considering the impact to dividend is minimal but the value unlocked is more than 10% of it's Nav. Furthermore, FHT results may have help my confidence a little.


Current Reits allocation is around 36% of  Equity Portfolio.


Cheers

Cory
20180130

Cory Diary : Recent Trade Actions 20170903

The market has been a little boring. I try to fill my time and not subject myself to unnecessary trades which has been creeping into my profits which currently cost about 0.6% of my portfolio.

So what I did ? Has been active recently on my "Retirement Hobbies". Realized that I have been circling around them after grown tired after a period of frantic activities. :-) One of my hobbies that I have been in it hits more than 20 years i think. Sorry I don't keep track of them like what I do on my trading.

C. sodalis

Did a major clean up using Soda flour and Lime powder to massage the glass. The Aquarium tank looks as good as new.

There are two new species I bought recently. C. sodalis. A very shy fish species. The other C. duplicareus. Apologies for any mis-spelling. One of my favorite.

C. duplicareus

As for my recent trades,


LMIR

Cleared my holding in LMIR. Reason being i have less time to monitor the coming volatility of it. Another being I have 13% returns from it this year which is a good time to lock it.


DBS

Start vesting in small amount. Still wary on the strong STI. However this help to track a little closer to Index which is still far from it.


CAPITAMALL TRUST

Has moved up to my expected level. Excellent run since I last blogged a few times on this Reit. The return and future expectation are intact. To manage my exposure, I reduced some but is still my core holding.


Lastly, Singtel entered some correction phase. I did nothing. I also notice NetLink NBN Tr has held up well after stabilization period. I did some other counters trade as well but will blog when i think of it. To end it all, my Xirr non-fixed is around 11.6% this year return alone. STI 13.8% excluding dividends. So I am just a little shy but am still happy it stays this way till year end.



Cheers

Cory
20170903

Cory Diary : Recent Trade Actions 20170617

Normally I do not comment much on my short term trades as I do a lot within a year if you have followed. As I have less creative ideas recently, I may as well talk a little on it.

Recently, I sold ASCENDAS REIT. If one who has been following this reit, it always seem to be in all time high (including dividends). Aiming for it is like forever. You will never get it cheap. And you will regret it if you don't. So what I did recently is to buy some only. And when price go up, I bought a little more for more buffer. And that's how I got my 10% profit within 6 months. So why do i want to sell it since is so hard to accumulate it ?

Well .... I do some maths and find this year has significant more run up in share price and that's  like 1.5 years of dividends and yield dropped below 6% so there is potential of much bigger correction to come. Well I could regret later but then money in pocket already and my 40K annual dividends will still be on track. I could have killed the golden goose. Hope not because I do like this one.

Here' the trade. So I am out-of-stock on this one.

(updated for privacy)

If you also remembered, I blogged on needs for oversea earning exposure in reit. One of those is FRASERS L&I TR. I thought is a gem. Luck on my side, the stock run up significantly too. I sold some to par down my stake to original level. We termed it re-balance. I would probably show my trades after the dusts are settled. Double digits gain.

Finally, the next stock I sold is LIPPO MALLS TR shares. This one pains me too because I do like the Indonesia growth story and the REIT seems running well. As you may know is more than 8% yield stock. To relieve my pain, I sold only half. I have some concern on the recent management change in this trust and First Reit. And lock-in 8% gains.

There are more trades made but 3 mentioned here is enough for me today. Cash raised for more battles to come. Sad.


Cory
20170617