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Saturday 2 June 2012

Cash - Closing Status 1 Jun

I have added Foreland 12 lots this week.  Foreland is already the biggest loser under my Cash portfolio and l will need to average down so that l can stand a better chance to divest at breakeven, progressively.  I  do not wish to divest it now at a loss. But l will likely continue to average down if its share price weakens further.

This week l have sold TPV 26 lots and SingPost 10 lots under my Cash portfolio.

TPV has big business exposure in Europe and with waves of negative development coming out from this region then it will definitely affect TPV's future revenue growth there.  TPV also has a large investment in China and with the escalating cost of doing business there then costs will definitely increase at much faster pace than any revenue growth there.  Though TPV gives reasonably good annual dividend rate estimated at US$0.0154 but l am pessimistic of its ability to overcome the business threats mentioned earlier in both Europe and China.  Also not really sure whether the newly formed TP Vision  is able to contribute positively to TPV's profit and improving both its cash positions and current ratio (including quick ratio) immediately.  I will continue to monitor TPV for reinvestment if all of the above improve.

SingPost will go XD in early July so l will still have time to reinvest into it as l have already sold off the entire 10 lots of it this week.  It was not able to break above $1.02 mark for a while now and the current market not seems helping at all.  There was also from time to time strong buying interest at $1.015 but as the world stock market closed Friday at disappointing levels so l reckon this could weigh down its share price next week. SingPost has been keeping investors in suspense on its plan to use its huge cash positions but l do hope its management is taking good advantage of current weak world economic to seek good bargains to generate much higher returns for investors.  I am eyeing to reinvest into SingPost when its price weakens again.

For this week, l have received dividends from UMS, Hock Lian Seng and HTL.
  

Portfolio walk since previous posting :-

-$1,215 Total Returns as of 25 May 

+$510 Dividends from HTL, Hock Lian Seng, UMS

+$174 Gain from sales of TPV, SingPost

+$77 Unrealised positions improved

-$454 Total Returns as of 1 Jun

previous posting :- Cash - Closing Status 25 May 

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