A Path to Forever Financial Freedom
"Dec 16" - SG Transactions & Portfolio Update"
| No. | Counters | No. of Shares | Market Price (SGD) | Total Value (SGD) based on market price | Allocation % |
| 1. | IReit Global | 73,000 | 0.73 | 53,290.00 | 11.0% |
| 2. | CDL Hospitality Trust | 40,000 | 1.31 | 52,400.00 | 11.0% |
| 3. | Fraser Logistic Trust | 40,000 | 0.92 | 36,800.00 | 8.0% |
| 4. | Spackman | 150,000 | 0.19 | 28,950.00 | 6.0% |
| 5. | M1 | 15,000 | 1.93 | 28,950.00 | 6.0% |
| 6. | Kingsmen | 45,000 | 0.63 | 28,350.00 | 6.0% |
| 7. | ST Engineering | 8,000 | 3.30 | 26,400.00 | 6.0% |
| 8. | FCL | 10,000 | 1.55 | 15,500.00 | 3.0% |
| 9. | Micro-Mechanics | 15,000 | 0.85 | 12,750.00 | 2.0% |
| 10. | Singtel | 3,000 | 3.67 | 11,010.00 | 2.0% |
| 11. | Ascott Reit | 10,000 | 1.14 | 11,400.00 | 2.0% |
| 12. | First Reit | 8,000 | 1.26 | 10,080.00 | 2.0% |
| 13. | OCBC | 1,134 | 9.08 | 10,297.00 | 2.0% |
| 14. | UMS | 15,000 | 0.61 | 9,150.00 | 2.0% |
| 15. | Warchest* | 140,000.00 | 29.0% | ||
| Total SGD | 475,326.00 | 100.00% |
We are heading into the last week right before Christmas so I want to wrap up on the December portfolio and then move on to reflections week and then goal-setting for the new year.
The market has been rather kind because we are going one way up from here since Trump was elected President. I also took the chance to accumulate some opportunities which I saw in the market meanwhile (need to get my cash to work hard!!).
First, I bought 150,000 shares of Spackman at a price of $0.136 which I blogged over here. This is a catalyst play which the risk reward play was tilted towards my favor as mentioned. The premiere movie will be launching on the 21st Dec and I'll be awaiting for the development closely this and next week.
Next, I took the chance to offload partially by divesting 7,000 shares of ST Engineering at a price of $3.39. This 7,000 shares is the batch that I've added in the past 6 months when the share price was languishing low. I still believe in the long term prospect of this company and am still holding 8,000 shares at the moment. I'll look for a chance to add this back if I get the chance.
I also took the chance to accumulate more M1 by adding 5,000 shares at a price of $1.97 and another 5,000 shares at $1.925 which I blogged over here. I believe a lot has been priced into the share price and valuation is cheap, relative to their historical valuation. I believe the trough for M1 is not far away and if it does go lower, I'd be happy to add more to my position.
I also added CDL Hospitality Trust for 33,000 shares at a price of $1.31 which I blogged here. This has become my top position which I believe will outperform in the next 1 to 2 years. I remain convinced that CDLHT is a quality company trading at a discounted valuation. It's a steal this one.
The portfolio has continued to do well this month as it closes the year on an high end note of $475,326 (+4.15% month on month; +31.8% year on year).
I'll be summarizing the whole summary and the journey this year in the next post so I'll skip that for now.
In terms of cashflow, it's been sitting very nicely as I have kept aside the required huge cashflow that I will be needing in Jan 2017 so that is another tick on the box.
I hope everyone has the best out of 2016 and we'll strive towards a new and upcoming year pretty soon.
Wishing everyone a Merry Xmas and happy holidays.
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
