1. Market drop more than 10 points. :( Overall stocks down on Europe's debt crisis where Portugal or Spain may have run into debt problem. Ireland's bailout package also can't stop the down side. This week....one word...."Tough". The Koreans conflict also adding more fuel. :(
2. I have gotten enough of my "dividend" stocks so far. Would not be buying unless it drop to a significant level which make the yield interestingly attractive.
3. Engaging long term approach and DY is still the best. Ignoring the current turbulence. :)
4. What would you do, if market continue to be bearish.....?
5. Year end approaching, will start compiling my portfolio and the % return that i get for this year. :)
6. When there is being nothing to do. Do nothing. :)
5 comments:
Today, added more Pantech-LR at 1.5sen
still scoping...... :)
Dow J up a lot. :)
Tomorrow thumb up. :)
Pantech-LR is only very little stake in portfolio, compare to two major stocks holding now: PJdev and Uchitech. But, if i opt for full conversion to pantech ICULS, it could be quite substantial though.
Based on current pantech share at 63sen, each ICULS subscription cost at 10sen + 1.65sen pantech -LR = 11.65sen nett cost. To convert to pantech share, have surrender 6 ICULS for 1 pantech share. But the conversion period last for 7year, and each year ICULS received interest payment of 0.7 sen or 6% nett yield based on my cost holding of 11.65sen. In addition, 10 ICULS entitle 1 free warrant which have exercise price at 60sen over a period of 10year.
Upon listing i think, warrant could worth at least 10-15sen, while ICULS should at 11sen if pantech share manage to hold its price above 60sen. All in, current pantech-LR at 1.5-2sen may just generate very modest potential return. Thus, i'll either opt to sell later before ex-right at least 2sen for quick profit or go through whole exercise which have limited upside but ICULS interest payment semi-annual and free warrant could cushion downside risk
today, bought more Uchitech at 1.32-1.33, sold more PJdev at 77-77.5sen, completed swap strategy
I've divest all initiate batch PJdev which carry at cost of 71sen, sold off at average price of 77.2sen and swap to Uchitech.
Portfolio still await PJdev-WB listing on 13 Dec before decide to dispose remaining PJD which carry at cost of 83-87sen, its could either breakeven or record profit/loss depending on price of upcoming PJD-WB.
Portfolio 1
1. Uchitech 112% (RM 1.33)
2. PJD 50% (cost 83sen)
3. ARANK 14% (cost 45.9sen)
4. Pantech-LR 1.5%(cost 1.65sen)
Portfolio 2
1. Uchitech 116%(cost RM 1.32)
2. PJD 10% (cost 83sen)
3. PJD 55% (cost 87sen)
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