Portfolio Transactions Update (Sep 2016)

Updates for my dividend portfolio for September 2016

Still working on repopulating the numbers on my new checklist. Gonna take some time (I'm 39% completed only :(, need to buck up ).

Also, recently I saw the CNAV strategy by BigFatPurse, pretty interesting considering it is an asset play strategy. I made an excel spreadsheet based on the ideas I got from reading their articles (as well as from bloggers using it and those who reviewed their course) and was generating an excel spreadsheet on a form to put the numbers in, paired with a Piotroski score, to determine to go ahead or not. Not sure how well it works though.

• Subscribed to Soilbuild REIT Preferential Offering at 0.63
• Reasons
• Sell half to subscribe at 63c to average position down defensively to decrease exposure (my average price was 0.697)
• Leaving with 2100 lots allows me to leverage on odd lots rounding 
• Theoretical Ex-Rights Price is estimated to be 0.6891
• I would only require about 282 rights to average down to the TERP.
• I applied for 2400 rights in total, where from my own calculations, it allowed me to average down to 0.6617 after fees. This will increase my total position to about $3,000, not too much exposure, not too little (not very optimistic on the REIT in the mid to long term due to heavy O&G exposure).
• I ended up getting 1600 rights (1390 excess), this reduces my average price to 0.669 post rights (including the $2 ATM fee).
• Frankly, I am quite surprised that I did not get more as I had the impression that this issue would be undersubscribed (no POSB ATM application as well).
• As of 08Oct16, prices have bounce slightly off the resistance at 0.720 yet with increasing momentum. Let's see how far I can ride the trend.

Soilbuild REIT Numbers

Soilbuild REIT TA as of 08Oct16

Well, that's all for my money right now.

For those of you who wanna see more information, my SGX portfolio is on SGXCafe too! You can find it here.