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Wednesday 1 August 2012

Cash - Closing Status 27 Jul

Last week movements under Cash portfolio as follows:-

IHH
I have never invested in any shares under IPO and IHH was my first time into it.  I have decided not to keep IHH and sold it off its first day of trading at a profit of $79.

Ascendas Hospitality Trust
I have managed to get 1 lot of Ascendas Hospitality Trust and have decided to sell it off on the first day of trading and suffered brokerage costs of $28.

Technics Oil & Gas
I have invested into Technics Oil 10 lots last week as l was attracted to its high dividend rate declared.  I have set the exit selling price based the dividend amount.  However, knowing that it is going XD in a week's time so l have decided to divest all of it within the week at a lower exit selling price.

Noble Group
Noble is a well diversified company (into three core areas) with the biggest segment being in energy.  And its business presence is every where in every corner of the world.  I reckon Noble is able to divert its management resources and funds easily to stay agile to business needs in order to stay profitable.  Prices of primary produce has been very volatile but l reckon this setback is only short term and by its next financial year, Noble will be back to regain its past glory.  This week, l have invested 8 lots into Nobel.





Portfolio walk since previous posting :-

-$1,738 Total Returns as of 20 Jul

+$282 Nett Gain on sales of IHH, Ascendas HT, Technics Oil

-$241 Unrealised positions worsened

-$1,697 Total Returns as of 27 Jul

previous posting :- Cash - Closing Status 20 Jul 

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