Monday, January 1, 2018

Portfolio Review 2017: Portfolio -0.9% vs STI +18.1%

The Straits Times Index ended 2017 18% higher than the start of the year. Carrying over the momentum since the US elections, the index surged during 2017 to end 2017 at 3,403.

The portfolio declined marginally weighed down heavily by the continued decline in the share price of Delfi as well as the fact I had a good deal of cash on the sidelines. Excluding dividends, my portfolio would have lost 2.4%

The biggest percentage loser was KrisEngergy, declining 48.6% in price until the point I disposed of my entire holdings. The company has announced it may go ahead with plans offshore Cambodia and this might result in more cash need. I will be looking at another entry into the stock nonetheless. Delfi was the next biggest percentage loser at -35.6% but its impact on my portfolio was strongest due to its higher dollar value share. I have averaged down on this counter and hopefully it will have upside in 2018. Hong Leong Finance and F&N increased its share price by 27.6% and 23.4% respectively, riding on the secular bull run.

The portfolio cost now stands at 121.5k and I am in the black by 18.1%. I collected 2.3k of dividends and this implies an yield-to-cost of 1.8% which is poorer than the previous year. For CY2018, I intend to inject at most 8.5k into the portfolio to make my cost a round 130k.

I expect the market to top in the coming 6 months before we see a correction and a short down trend. While the newspaper headlines suggest that the local economy is doing well, I think these are false indicator. Expect a bumpy ride in the second half of 2018.

Sunday, December 17, 2017

First buy of 2017: Delfi (ex Petra Foods)

I recently bought some Delfi shares at $1.43. This was the first time since March 2016, that I bought shares. Delfi is one of the few companies that has not risen with the Trump tide.  I did a cursory glance at its financial results. Earnings were declining slightly due to rationalising of its portfolio but I did not think it justified the a least 44% decline year-to-date. Queuing for the shares was a tough task because of the lack of volume. The bid-ask spread was about 10 cents and the sell queue was sometimes only 2,000 shares. In the end, over two transactions, I managed to secure 25,000 shares of Delfi. My average cost of ownership also declined considerably, in turn reducing my paper loss. Let's just see how it goes with this investment.

Wednesday, December 13, 2017

Sold my KrisEnergy

I have not really been looking at the portfolio, until my friend asked me recently if I have been investing. It was when I realised that her clients that were invested in funds, were up 15%, while I was most likely down. Delfi, has swum against the rising Trump rally by halving in price. I took the opportunity to look at my portfolio, which comprised 6 companies. Now, on 1212, the portfolio shrank to 5 companies because I sold my shares in Krisenergy. Sensing an opportunity, I bought 20,000 shares in March 2015. However, the oil price environment remains low and I have sold them, taking a 82% hit in the process. Ouch!

In April 2017, I accepted the offer for my Super Group shares. As a result of this, along with the year's injection I am currently 39% cash and 61% in the remaining 5 companies' shares. My main target will be Delfi, as well as other companies close to their 52-week low.

Saturday, November 18, 2017

My 5 darts for 2018

Target Phil Taylor Power 9-Five Generation 3 Asia 

Target Agora A31

Showtime Koban

Harrows Plexus

Harrows Quantum

Sunday, June 25, 2017

You can watch European darts that are played over the weekend on Youtube about 2-3 hours they have ended. Aside from watching actual games, there are two interesting and helpful people you can subscribe to on YT.

I am guessing this guy works at for an airline as he travels to the UK and the Netherlands very often, two countries with great darts players.

I dare say he is the person to turn to if you want to buy darts. He has uploaded tons of reviews and they give you a good view on the darts that you may buy.