One transaction completed:PST
- Buy
Counter is traded in USD but settled in SGD (see Taking advantage of the falling US dollar)
Acquisition of non-container vessels (two Capesize Bulk Carriers chartered to Jiangsu Shagang Group Co., two Multi-Purpose Vessels chartered to Cosco Xiamen and five Supramax Bulk Carriers chartered to Glovis) -> diversification of fleet and widening of charterer base - Sell
Exit offer made by Pacific International Lines (offer price exceeded highest transacted price in the last three years and was at a premium of 15% over last transacted price of US$0.375 before trading halt) -> immediate realisation of capital gains
USD rally against SGD during Sep 2011 (refer to chart below) -> additional capital gains from USD/SGD foreign exchange rate appreciation
- FrasersCT
- PLife
- Starhill
- Cache
- First REIT
- Sabana
- Cambridge
Note to self: only simple P/L calculated
Importance of steady dividends
In their reports and articles, financial analysts and columnists have always stressed the importance of dividends in making one's stock selections. Thus far, I have subscribed to this as well. However, to ground my belief in facts and figures, I have tabulated my own portfolio's change in value for presentation in graphical form to fully assess the impact of a regular dividend stream.
* Note: % value calculated as (paper worth of holdings + cash for stock investments - cash injections) / original cash amount X 100%
Indeed, the slow-but-steady dividends can sometimes be under-appreciated in the face of quick and at-times spectacular trading gains. Still, the above does help to remind myself of some of the merits of going down this 'cashflow cum dividends' path.
At present, my portfolio is enjoying a blended dividend yield of 8-9% p.a. =) Hopefully this may continue, and happy new year to all!
