Sunday, March 29, 2015

Semi-annualish performance report for the period ended March 27, 2015



Disclaimer: There may be errors in my calculations. 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. I actually have the intention to sell half of my position in Biostime to raise some cash this week. Maybe I might sell it today. Then again, maybe I might not sell it after all.

Hey guys, I guess it’s time for me to present the Greedy Dragon Portfolio’s performance again. I was definitely not looking forward to calculating the portfolio’s performance this time around. But all things considered, the portfolio didn’t do as bad as I initially imagined. The portfolio gained 1.69% in the 6-monthish period between September 15, 2014 and March 27, 2015. The S&P 500 gained 3.87% in the same period. In my last performance report I said that I wanted to take out Ringgit Malaysia (RM) 50,000 from the portfolio, but it turned out that all I needed was RM 40,000. So, the portfolio’s net value at the start of the 6-month period was RM 197,099.17.



The following table presents my current portfolio:


Purchase price
Current share price
Capital gain/loss
Cumulative dividends per share (after taxes and fees)
Total return
Current value of holding converted to RM
National Bankshares
US$ 35.8 (130 shares)
US$ 29.16
-18.55%
US$ 0.99
-15.78%
13836.42
Banco de Chile
US$ 72.82 (51 shares)
US$ 65.93
-9.5%
US$ 2.74
-5.70%
12272.87
Mercadolibre
Average US$ 93.68 (50 shares)
US$ 122.85
31.14%
US$ 0.08
31.22%
22420.125
First Republic Bank
US$ 46.19 (80 shares)
US$ 56.55
22.43%
US$ 0.026
22.49%
16512.6
National Bank of Greece
US$ 2.95 (700 shares)
US$ 1.27
-56.95%

-56.95%
3244.85
UOA REIT
RM 1.39 (9,000 shares)
RM 1.6
15.11%
RM 0.10
22.30%
14400
Biostime
Average HKD 22.97 (500 shares at HKD 33.85, 500 shares at HKD 25.3 and 1,000 shares at HKD 16.36)
HKD 32
39.31%
HKD 0.05
39.53%
29440
National Resource Partners
Average US$ 9.50 (300 shares at US$11.19 and 300 shares at US$7.8)
US$ 6.85
-27.89%
US$ 0.197
-25.82%
15,001.50
SandRidge Energy
US$1.85 (1,000 shares)
US$ 1.78
-3.78%

-3.78%
6,497.00
Mongolia Growth Group
CAD 1.60 (2,000 shares)
CAD 0.72
-55.00%

-55.00%
4176
Comstock Resources
Average US$ 4.71  (400 shares at US$5.83 and 400 shares at US$ 3.6 )
US$ 3.42
-27.39%

-27.39%
9986.4
Alpha Natural Resources
Average US$1.90  (1,100 shares at $2.23 and 1,000 shares at $1.54)
US$ 0.978
-48.53%

-48.53%
7496.37
Northern Oil & Gas
US$ 6.50(250 shares)
US$ 7.81
20.15%

20.15%
7126.625
Hong Leong Industies
RM 4.4 (1000 shares)
RM 4.45
1.14%

1.14%
4,450

Cash





33561.469
Borrowings





0
  

Notes to table:

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).

For Natural Resource partners and Biostime, the cumulative dividends per share presented underestimate the actual cumulative dividends per share I would have received if I bought my entire position from the start instead of building the position over time. This is the case as I calculate cumulative dividends per share by dividing total dividends received by current number of shares.



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



Current value of portfolio (less borrowings)
200422.23
Portfolio value as at September 15, 2014
197099.17
Borrowings
0
Portfolio return
1.69%
 
 

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



Purchase price
Price sold
Dividends per share (after taxes)
Total return (excluding transaction cost & forex gains/losses)
Boardroom Limited
SGD 0.63 (7,000 shares)
SGD 0.557 (7,528 shares)
SGD 0.009
-3.49%
Ebay
US$ 50.32 (100 shares)
US$ 54.89

9.08%
KLCC Property
RM 6.09 (2,000 shares)
RM 6.64
RM 0.23
12.81%
Kumplan Fima
RM 2.00 (4,000 shares)
RM 2.05
RM 0.15
10.00%
Tifa Finance
IDR 214.47 (150,000)
IDR 201.55
IDR 8.1
-2.25%
Citizens & Northern
US$ 20 (250 shares)
US$ 19.4
US$ 0.607
0.00%
Uranium Participation
CAD 5.09 (1,200 shares)
Average CAD 5.62 (500 shares at CAD 5.6 and 700 shares at CAD 5.63)
10.41%
  
I might write another article about the fundamentals of my portfolio sometime next month. That article would look into stuff like industry exposure, country exposure, cash flow, etc. So, feel free to check my blog once in a while next month if you’re interested in how I approach portfolio management. Thank you for reading. Take care and stay rational.


2 comments:

  1. Your portfolio's performance level is really appreciable and I think it needs hard work and dedication.

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