Updates for my dividend portfolio for June 2016
I completed my reads and compiling my notes to put everything I learnt together, hope to come out with a new template soon.
- Bought Comfort Delgro at 2.71
- Reasons
- Dividend Yield (3.14%), PB (~2.5x) and PE (~19x) has dropped to midway crisis levels, fair value, transferring funds from SCI to Comfort.
- Do note that the counter is slightly illiquid.
- Placed order at support, daily momentum seems to be reversing.
- In hindsight, it was not a good entry point, could have waited slightly later before purchasing, if I would buy it at all.
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| TA for Comfort Delgro |
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| FA For Comfort Delgro |
- Sell Sembcorp Industries at 3.00
- Reasons
- I realised I don't understand O&G very well. I'm not verse with market timing of O&G, which is very important in cyclical companies.
- I purchase SCI for a rather high price also (bought in at the wrong end of the cycle).
- Sold it to rise funds for Comfort (kinda of short on cash ^^").
- Exit price based on TA resistance based on volume stop.
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| TA for Sembcorp Industries |
- Buy Soilbuild Business Space REIT at 0.69
- Reasons
- Price plunged due to client default charges
- Industrial and commercial space is more resillient in general, compared to pure industrial (that being said, AIMS, Maple and A-REIT are quite good at holding clients).
- Entry based on support zone, possible early reversal, due to reduced selling momentum.
- Despite, potential risk, dividend yield quite attractive (~9.4%) while waiting to see if it can be kept.
- There's not much of a record (only 2 years), so I would call it a more speculative entry, compared to my other picks.
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| TA for Soildbuild Business Space REIT |
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| FA for Soilbuild REIT |
Well, that's all for my money right now. Although we have the Brexit scare+market rebound, guess I have to wait again for better discounts for more entries.
Just a disclaimer, after much review and discussion with my fellow friends, my numbers may not be 100% accurate and I am still correcting the formulas and numbers for my entire watchlist so is a WIP, so take it with a pinch of salt.
But that being said, I use the same numbers when I executed all my trades so far.
Hi Azrael,
ReplyDeleteI see that you are using the trading journal now haha :) It'll be a good thing to review your closed positions too, either formally in a blog article or informally by running it through yourself. Helps in the recognition of patterns.
Hi LP,
DeleteThanks :D
I used to do it more in-depth in trading Futures to be honest, I still have 3 files of them. But now starting one for stocks investing by writing on my blog, I write them when I queue the trade, and only post it when it is fulfilled. :)
For SCI, I actually didn't really know much about it. Bought it more by following a blogger previously. Bad idea in hindsight ^^"
Exit criteria seems to be harder in investing. You and B are so much better at that! Have a rough idea, but have to piece it together.
But yup, let's all work towards continuous improvement! :D