2018 Spring Ramblings

I have been quite busy due to the added portfolio at work. I have always told my friend D that one of the reasons I do not like to trade as often as he does or go for low yield counters is that I would not have time to monitor and take profits off it. The start of 2018 hasn't been kind to me and in ways which I would have expected or rather knew.. it happened. My portfolio took quite a hit.

Ramblings on my noob investments
A few things to learn, risk management in the most simplest form of percentage of holdings. In hindsight I have too much of Singtel and Design Studio followed by Jumbo. The combined weightage is easily 45% and thus a serious change in fundamentals off singtel and drop in business profit from Design Studio impacted my portfolio greatly.

Jumbo was doing well as a business, however from shareholder point of view their high capex would mean that profits per share remains muted and this does not bode well for my original intent to buy for growth.

There are good news too, RHT seemingly found a way out and the sale of asset might very well be on the way.. fingers crossed as the Singh brothers are known to flip prata.  (pun intended) With that it brings closure to another one of my original high yielding companies.

FCL has been renamed to Frasers Property Limited, other than that nothing much has changed it is however slowly becoming more of a property management company with half of its revenue in recurring form. The only reason not adding more is the weightage on my portfolio, rising ir issue as FPL is already at a debt lvl of 80% iirc.

Things I could have done better for Q1 2018 investment
Selling Singtel for what could have been more than 3-4 years of yield. instead of holding a dying industry. This is a counter which move sideways. What made this worse was that it was the same situation with m1 and starhub many years back. I truly believe that most GLC lack the creativity as well as business acumen to navigate these times. Too many parachuted scholars with no real working world experience?

Not holding on to my Semi con stocks. At 7-10 years of fwd yield I wouldn't say I sold too early, however I would feel occasional pang of envy watching UMS, Venture and other semicon stocks seemingly fly to endless heights.

Buying Wheelock too early- just bad TA, blame no one but myself - however this is a really interesting stock it is holding 750mil of cash and zero debts lol !

Things to do for Q2 2018 - investments
Balance the holdings so that none of the counters exceed 15% max
Watch out for Design Studio's direction- it was a bad year for them. while not much details was mentioned, I suspect the previous CFO and CEO did something unprofessional and thus casued a major loss for Q4-despite the price tanking almost 30% I believe that the brand name of the group as well as its cash position should be able to steer the ship back. Hold.

Saving up for Venture A
Venture A was a major risk I decided to take on due to my circumstances. I would require both strength of mind and heart. Slowly but surely persevere towards it

The daily grind
I very excited and nervous about my upcoming report card at work. The hours of late nights and weekend work which I had put in are not only taxing but also a huge change in my personal habits being a gamer (-_-). 3 weeks left to announcement, and I've done all I could. My backup plan would be to rotate to new department or new organization should nothing pans out. Fingers crossed.