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Summary of October 2016 Transactions

portfolio_201610_october

If you have been following my blog posts, you will know that I have made 3 sell transactions this month. I have sold off Sheng Siong, Cambridge Industrial Trust and MobileOne Limited (M1). My investment thoughts have slightly change a bit this month and I shall share with you why this is so.

Previously, I have been accumulating stocks which means I have always been buying but not selling. Most of the stocks that I have accumulate are either REITS or business trust because that is where the accretive dividend yield is. One of the thing I missed out doing is housekeeping. When more and more stocks get added to my stock portfolio, I find it hard to manage. Certain stocks in my portfolio has under performed but I am not aware. Thus, this month, I decided to do some housekeeping and also reduce the number of stocks in my portfolio. The ideal number of stocks is around 20. (more…)

Goodbye Cambridge Industrial Trust

Cambridge Industrial Trust Logo

I have sold off Cambridge Industrial Trust. Including the dividends collected over the years, the total gain is around 60%.

Below are my reasons for selling off Cambridge Industrial Trust.

Tidying Up My Stock Portfolio

I bought Cambridge Industrial Trust many years back when I started investing in stocks. As more stocks get added to my stock portfolio, the percentage in terms of value of Cambridge Industrial Trust becomes smaller and very much insignificant in my stock portfolio. Currently, it makes up only 1 percent of my stock portfolio. My ideal stock portfolio should consist of less than 20 stocks. Selling off the minority makes it easier to manage in the long run. (more…)

Cambridge Industrial Trust 100 Million Loan

Cambridge Industrial Trust Logo

Cambridge Industrial Trust has entered a $100 million unsecured loan facility with HSBC. The loan consists of a $25 million term loan facility and a S$75 million revolving loan facility. Usually when a REIT takes up a loan, there will be a few questions in my mind.

  1. Did the REIT run into debt?
  2. Is the REIT expanding or acquiring new property?

Why did Cambridge Industrial Trust take up a loan?

The term loan of S$25 million will be used to refinance the existing facility granted by National Australia Bank Limited. The S$75 million revolving loan will be used to finance Cambridge Industrial Trust working capital. (more…)

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