Transactions
made in Mar 2019:
-
Sold 2,000 units of M1 at $2.06
This
month is a barren month for two reasons. I did not receive any dividends in the
month of March and funds, from the divestment of Netlink Trust and M1, which I
have been trying to redeploy has not been deployed yet.
Technically
speaking, I was forced to sell M1. I sold submitted the papers to accept
Konnectivity’s (owned by Keppel and SPH) voluntary conditional general offer when
the news came out that Axiata had accepted the offer of S$2.06 per share for
its entire stake of 28.6%. With that, M1 lost its free float as more investors accept the offer and it will
be delisted after the close of the voluntary conditional general offer. Since
this was going to happen, I may as well get my money out as soon as possible
and put it to other use, rather than wait for Konnectivity to do a compulsory
acquisition in April 19.
Singapore
Reits and Business Trusts have soared once again, ever since US Federal Reserve
announced that they would be more patient with future adjustments. The likes of
Ascendas Reit, Keppel DC Reit and Mapletree Commercial Trust have formed new all-time
high. The Mapletree Commercial Trust story is even more amazing. Within less
than 8 years, its price has doubled. From an IPO price of $0.88, it is now at
$1.90.
In
the meantime, I am keeping watch on SGX as its price has went down to $7.3
after Hong Kong Stock Exchange shared its plans to launch futures contracts on
the MSCI China A Index. With its dividends policy to pay out $0.075 every
quarter, it presents a yield of around 4.1%.
Dividends received* in Mar 2019: $0
Total dividends received in 2019: $666.57
Average dividends per month: $55.55
Total Portfolio
Market Value: $159,451.24
Notes:
Dividends are recognised
after ex-dividend (xd) date.
Average dividends per
month is calculated by dividing the dividends received by 12 months regardless
of the month.
Portfolio excludes
Singapore Savings Bonds.
