Friday, July 7, 2017

Portfolio Update - June 2017

Our portfolio grew by 2.05% this month purely by capital gain to $250,181! We did not put in any money and still collected dividends!


One of the main reason why there was such a huge capital gain can be attributed to the acquisition offer for Croesus Retail Trust at $1.17. The offer is at a 22% premium of its NAV ($0.96) and 38% premium based on its 12-month volume weighted average price per unit - Blackstone makes offer for Croesus Retail Trust at S$1.17 per unit. I know there are people out there that feels that this is not a good deal or there can be a better deal, etc but KPO is only a small shareholder who is easily contented. With an average price of $0.849, this is a 39% capital gain (excluding the dividends that have been collected, 54% with dividend)! This is why KPO likes buying REITs/Trusts that are undervalued (below NAV). There is room for capital growth and we can collect dividends while waiting patiently for their true value to be unlocked :)

Screen shot from stocks.cafe

There were many good opportunities to pump in more money this month (such as Thai Beverage when it was around $0.85 and QAF at $1.25) but KPO got banned (indirectly) by CZM. Seeing how I have been investing my money almost every month and having less than $5k deposit in my bank account is worrying the more risk averse CZM. In view of the upcoming large expenses, wedding next year and our BTO should be completed by 2019 Q2, CZM said that we should top up $10k each to the KPO Expense Fund by the end of the year. You can read this article if you do not know what is KPO Expense Fund. If I cannot do that, I will have to liquidate $20k of my portfolio to top it up @_@"

June was also a very good month for those that invested/speculated in cryptocurrency. All of them hit an all time high around mid-June with Bitcoin breaking $4k and Ethereum breaking $500. The last time I was looking at them, Bitcoin was around $1k and Ethereum was around $10+. That is a ridiculous amount of return! KPO has been reading up a lot recently and will be sharing his views. Stay tuned!

The total dividends collected this month is $440.25. The breakdown is as follows:

CompanySymbolExDateSharesTotal
Accordia Golf TrustADQU09-June-1710,000$359.00
Asian Pay Television TrustS7OU14-June-175,000$81.25

Total dividends collected for 2017: $5226.21
Average dividends per month for 2017: $435.52

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