A Path to Forever Financial Freedom
Mar 2020 - Portfolio & Transaction Updates
| No. | Counters | No. of Shares | Market Price (SGD) | Total Value (SGD) based on market price | Allocation % |
| 1. | City Development (Short) | 24,000 | S$6.79 | 162,960.00 | 43.0% |
| 2. | Suntec Reits | 30,000 | S$1.17 | 35,100.00 | 10.0% |
| 3. | Royal Dutch Shell B | 2,000 | £9.88 | 33,400.00 | 10.0% |
| 4. | Powermatic | 18,000 | S$1.83 | 32,940.00 | 9.0% |
| 5. | Broadcom | 100 | US$194 | 27,120.00 | 7.0% |
| 6. | HK Land | 4,000 | US$3.90 | 22,000.00 | 6.0% |
| 7. | Dairy Farm | 3,000 | US$3.95 | 16,700.00 | 5.0% |
| 8. | Delta Airlines | 400 | US$21.5 | 12,120.00 | 4.0% |
| 9. | Mapletree Commercial Trust | 5,000 | S$1.70 | 8,500.00 | 3.0% |
| 10. | CDL Hospitality Trust | 6,000 | S$0.70 | 4,200.00 | 2.0% |
| 11. | Ho Bee Land | 300 | S$1.92 | 570.00 | 1.0% |
| 12. | Warchest | | 18,000.00 | 6.0% | |
| | | | | | |
| | Less: CFD | | | (271,150.00) | |
| | | | | | |
| Total | | | | 102,460.00 | 100% |
What a month it has been so far!
Just when I thought I had a great Feb month and thinking this will be a great Rat year, we were hit by a double tsunami of the Covid-19 and oil crisis scenario which literally hits the global market really hard.
In just less than a month, most indices were down close to 30% and all the other smaller cap companies were down closer to the 50% mark.
My portfolio was not spared either, notably, the current biggest unrealized loss belonging to Royal Dutch Shell, which I added two tranches and they are now down more than 25% from my earlier purchased price.
The smaller cap companies such as Powermatic was also down close to 30%, while other companies such as HK Land, Dairy Farm, MCT and CDLHT was not spared either. Delta, was massacred, but thankfully I entered at a later stage but was still down 35% from my entry price.
My latest entries this week were Broadcom and Suntec Reits, both of which during the week low and are currently green in the portfolio.
The short call for City Development earlier this week was also timely, as it provided a cover hedge for the rest of the portfolio as the market underwent Black Monday and Black Thursday. This was being done purposefully to abstain the impact from Europe and in particular the UK, which remains an unknown factor as of now.
The goal is to eventually close the short position and leave the long position in the long run as I believe the current entry price remains attractive in the long run.
The depth of this bear market caught many by surprise as both the speed in which it goes down was swift and doesn't allow one to take a breather at all. For myself, I will continue to focus on attractive companies to add while waiting for a further capital injection to add to this attractive looking market.
PM Lee mentioned that this might be a long drag fight until the end of the year. If that is so, then we will have plenty of opportunities during the year to add to our position and likely emerge stronger when things are brighter.
Thanks for reading.
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Ride The Bull Short The Bear
CS Tan
4.9 / 5.0
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....
