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M1 @ $1.30

Buy @ $1.30. Q’d at $1.33 but done at $1.30 as big seller dumped 78 lots during matching. Seller ’78’ – ML.

Based on FY07 results, PE 7.03 and Yield 11.846%. My est. based on FY08 results is PE 7.88 and Yield 10.154%. Assumption is that Q408 EPS will be as bad as Q308 (3.8ct). This will give a 2H08 DPS of 7ct. Note that if results are worse in Q4, then DPS will also be lower. 😀

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SFI @ $0.95

Sell @ $0.95. Buy up fm aro’ 11:30am when I wasn’t in. Checked SGX but no new announcements. Decided to sell all my balance shares as got a bit of profit. Buyer ’31’ – DMG. I’ll prob live to regret this when it hits >$1! 😉

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SFI @ $0.895

Sell @ $0.895. SFI is the surprise package in my portfolio. It was one of the worst performer when mkt was still bullish but now, with the STI down >40% this year, it’s price had gone up and is one of my rare stock that is profitable! Reasons could be due to recent announcements of their MOU in China (feasibility study on a massive food processing centre) and that their major s/h (Temasek) is evaluating their options (Temasek recently did an offer on SCS). Q3 results will be out today and I’m not expecting it to be good. Likely, S’pore operations will be slightly better while UK operations will be dragged down by the weaker British Pounds. Buyer put in a 100 lots order, fm UOBKH. 😀

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HLFin @ $2.88

Buy @ $2.88. Besides risks due to potential recession, they’re also a distributor of Lehmen mini-bonds (have appointed independent auditors to check if there’d been any mis-representations in their selling to retail customers). Seller ’82’ – Morgan Stanley. 😀

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SPAusNet @ $1.24

Sell @ $1.24. Got a couple of analysts recommending buy, also mid-yr Sep div aro’ 6.5-7ct. Will see what to buy instead. 😀

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SPH @ $4.07

Sell @ $4.07. Decided to sell to switch to other stocks. Results soon, someone’s buying. Buyer ’82’ – Morgan Stanley. 😀

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Q308 Close

My portfolio (at cost) of S’pore stks for Q308 close,

The STI closed at 2358.91, -32.26% fm end 2007. Using cost as a ref, my portfolio stats (vs 2007),

  1. Size : +44.34%
  2. Realised Profit/Loss : +8.04% (Profits : +2.74% ; Div : +5.30%)
  3. Unrealised Profit/Loss : -17.43% (-27.25% if remove 2007 carry fwd)
  4. Net Portfolio Performance :
    o At Cost : 8.04% – 17.43% = -9.39%
    o At End-2007 Mkt Value : 8.04% – 27.25% = -19.21%

So, -19.21% vs -32.26% (STI), better than STI. If we remove the div component, then -24.51% vs -32.26% (STI) => still better. Nevertheless, still big losses 🙁

Changes in portfolio (vs Q208),

  1. New Additions : CDLHTrust, FSL, HLFin, MapleTree
  2. Increases : ThomsonMed, FirstREIT, MacCookIREIT, SPH, SPAusNet
  3. Decreases : M1, STEng
  4. No Change : MacCookPSF, CitySpring, Cambridge, GTC, SingPost, Rickmers, SBSTransit, AllCo, SingFood
  5. No More : AscottREIT, LMIR