Tuesday, October 30, 2018

Portfolio Update - 3Q2018

A way overdue update (supposed to update end-September). Oops!



Income Portfolio





Counters
Units
Market Price (SGD)
Overall Value based on market price (SGD)
Allocation
1
Cromwell European REIT
1000
0.864
864
7.28%







Growth Portfolio





Counters
Units
Market Price (SGD)
Overall Value based on market price (SGD)
Allocation
2
Alliance Mineral Assets (AMAL)
50000
0.22
11000
92.72%







Cash and other Assets





Counters
Units
Market Price (SGD)
Overall Value based on market price (SGD)
Allocation
3
Warchest
1
0
0
0.00%

Total SGD


11864
100.00%


My stock holdings has taken a hammering, most notably my holdings in AMAL.





Alliance Mineral Assets Limited (SGX: 40F)
AMAL has tumbled from 0.375 as of my last update to its current price of 0.22. This is synchronous with both the sentiment of the market (See STI) and sentiments of the Lithium companies. Add the uncertainty of merger completion between Tawana Resources and AMAL and the Ex-CEO demanding the renumeration to the cocktail and... well you get the picture. I remain confident it will turn around in due time. AMAL has finally started to show some positive EPS in its third quarter (no matter how miniscule that was), and it was already expected they will still be in a loss end of this fiscal year. Fundamentally, next year will be where they show their result.

Cromwell European REIT (SGX: CNNU)
CEREIT has given out dividends for the first time and I have received about $40.30. They intend to issue out 100% of their distributable income up till end of FY2019 as well. Next wave of dividends will be given in March 2019.

Others
My opinion on the market now - Stock market version of Great Singapore Sale. If there is concern for further drop, average down as long as your research tells you it is oversold and the fundamentals of the company is going to persevere.

I'm still unable to start accumulating cash in my warchest at the moment as expenditure remains heavy and whatever income I am getting now is either directed towards offsetting expenses, clearing off debts and borrowings, reaccumulating emergency funds, or preparing for customary marriage. Believe me, I want to bang my head against the wall for being unable to add position to any of my targets! :(

Next portfolio update is expected to be in end-Dec 2018. Marksman, signing-off.

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