Monday, September 15, 2014

Annual performance report for the year ended September 15, 2014



Disclaimer: The purpose of this article is to present the performance of my portfolio. This article does not represent advice to buy or sell any stocks. I may, at any time, sell some or all of the stocks that were presented or appeared in this article. There may be errors in my calculations.

I finally managed to put together the annual (or more accurately, the annual plus 2 weeks) performance report of the Greedy Dragon Portfolio. It took longer than I expected to restructure my portfolio to raise some cash for some unexpected expenses. So, I achieved a return of 18.55% for the year which is below the S&P 500 return of 21.46% (excluding dividends!). The measurement period was from August 29, 2013 (the date of the first contract note I received for the purchase of shares for the Greedy Dragon Portfolio) to September 15, 2014. However, I won’t beat myself up for underperforming the S&P 500 as it is long-term performance that matter. I know it sounds like an excuse, but I would say the same fucking thing if the tables were reversed.

The following table presents my current portfolio:




Purchase price
Current share price
Capital gain/loss
Dividends per share (after taxes)
Total return
Current value of holding converted to RM
Citizens & Northern
US$ 20 (250 shares)
US$ 19.50
-2.50%
US$ 0.607
0.53%
15600
National Bankshares
US$ 35.8 (130 shares)
US$ 28.46
-20.50%
US$ 0.635
-18.73%
11839.36
eBay Inc
US$ 50.32 (100 shares)
US$ 50.96
1.27%

1.27%
16307.2
Tifa Finance
IDR 214.47 (150,000 shares)
IDR 227
5.84%
IDR 8.1
9.62%
9193.5
Boardroom Limited
SGD 0.63 (7,000 shares)
SGD 0.57 (7,250 shares)
-6.35%
SGD 0.009
-4.92%
10455.225
Kumpulan Fima
RM 2.00 (4,000 shares)
RM 2.25
12.50%
RM 0.07
16.00%
9000
KLCC Property
RM 6.09 (2,000 shares)
RM 6.50
6.73%
RM 0.16
9.36%
13000
Banco de Chile
US$ 72.82 (50 shares)
US$ 74.11
1.77%
US$ 2.74
5.53%
11857.6
Mercadolibre
Average US$ 93.68 (50 shares)
US$ 112.36
19.94%
US$ 0.03
19.97%
17977.6
First Republic Bank
US$ 46.19 (80 shares)
US$ 48.31
4.59%

4.59%
12367.36
Uranium Participation
CAD 5.09 (1,200 shares)
CAD 5.24
2.95%

2.95%
18235.2
National Bank of Greece
US$ 2.95 (700 shares)
US$ 3.26
10.51%

10.51%
7302.4
UOA REIT
RM 1.39 (9,000 shares)
RM 1.43
2.88%
RM 0.048
6.33%
12870
Biostime
HKD 33.85 (500 shares)
HKD 25.95
-23.34%

-23.34%
5319.75
Cash





78,055.44
Borrowings





12,281.47
  
Notes to table:
I was not high when I made the entry for Boardroom Limited. While I initially purchased 7,000 shares, I had an option in one of the dividend payments to receive shares instead of cash. That’s why I currently have 7,250 shares in Boardroom Limited.

For Mercadolibre’s purchase price, I wrote an average purchase price as I bought the stock twice. Once when it was around US$ 97 and another time at around US$ 89.  

Total return excludes transaction cost & forex gains/losses

I just Googled the exchange rates. I have no idea if they’re bid, ask or mid rates. I generally adjust the exchange rates down a little to take into account the spread difference when converting a foreign currency back into Ringgit Malaysia (there’s always the chance that my downward adjustment to the exchange rates is inadequate to reflect my stockbroker’s spread).

If you continue reading the article, you might notice that Tifa Finance also appears in the table for the stocks that I sold during the year. This is the case as I sold Tifa Finance after it rose significantly from my initial purchase price. The stock eventually crashed and I took a new position in the stock.


The following table presents my portfolio’s return for the year:

Current value of portfolio (less borrowings)
RM 237099.17
Initial investment capital
RM 200000
Portfolio return
18.55%


The following table presents the stocks I sold during the year:


Purchase price
Price sold
Dividends per share (after taxes)
Total return
Bank Rakyat Indonesia
IDR 6,750 (7,000 shares)
IDR 10,800
IDR  231.59
63.43%
Tifa Finance
IDR 210 (200,000 shares)
IDR 538.535

156.45%
Monster Beverage
US$ 52.09 (80 shares)
US$ 69.25

32.94%
Dena
JPY 2,127 (200 shares)
JPY 2,223

4.51%
Kawan Food
RM 1.328 (6,000 shares)
RM 1.93
RM 0.054
49.40%
Prestariang
RM 2.8 (2,000 shares)
RM 3.93
RM 0.03
41.43%
Overseas Education
SGD 0.82 (5,000 shares)
SGD 0.98
SGD 0.024
22.44%
Kasikornbank
THB 166 (800 shares)
THB 227
THB 2.7
38.37%
Mercadolibre
Average US$ 93.68 (40 shares)
US$ 106.12
US$ 0.03
13.31%

Moving forward, RM 50,000 will be withdrawn from this portfolio (I hope to pump it back in as soon as I can). This will leave the portfolio with significantly less liquidity. It would be a challenge to keep tweaking this portfolio to raise a healthy amount of cash for my war chest, but I will certainly give my all to try and build a resilient portfolio. Thank you for reading. Take care and stay rational.