CAL Stocks Sold!

CAL shares = SOLD! at Php16.94 form Php7.5... I believe ~125% positive change on a stock is enough for now. :D I wanted to wait out till at least next week, because I have a belief that basic commodities such as agricultural products are always active - in my dreams I was waiting for a 200% increase, but that's highly unlikely because of the looming European crisis. Plus, my officemate here at IBM says, "Not to greedy Kimoy, not too greedy."

So.. Cashing in.. Cashing in.

May pambili na ko ng bike!! :D

EDIT:

How cool is this? Is the crisis over? Haha:

- $_$ -

Oh My God Calata Corporation

Need I say more? $_$

- Go Agrochemicals!! -

How's your Portfolio Doing after CJontrial?

I'm back! Gahd I missed my station. (not)

These past few days I was on leave to celebrate my birthday. I was in Batangas with my mom, and we spent days following the trial on the then chief justice of the Philippines Renato Corona. After a long session at court and a lengthy tv coverage, he was eventually impeached and won't be allowed to take any office in the government.

I had to engage my mom into a debate because the feeds in Twitter couldn't be ignored. My original position was Convict, only because I care about the taxes I pay - they should be used in purposes of the government and not personal investments. I also believed the law is absolutist, and like Loren Legarda said, the interpretations of the law should not blur the actual misstep committed by the prosecuted against the country. On the other hand, my mom says the non-declaration of some assets in the SALN are clearly honest mistakes and that is not compelling enough to remove the chief justice from his office. Later on I was just confused, and I can't stand my stand anymore so we just went somewhere and ate dinner. : \

Anyway, I only cared about this judiciary palooza because I know, in some way or another, it will affect the Philippine stock market. I've been reading a lot of releases on the internet and apparently, the impeachment's overall sentiment was good, not because somebody was impeached again in the Philippines, but because the whole process was carried out comprehensively sans violence, and it was completed lawfully. This resounded well among social weather agencies, saying this will strengthen the democracy in the country.

On a side note, I also read Gilbert Remulla's tweet saying, "Sooner or later, [we] will regret giving that much power to Malacanang..." (to that effect).

Anyway, so I looked back to the PSEi index, and true enough, the stock market reacted well on the trial. The PSE index closed above the 5,000 resistance mark (5,023 up by 1.34%).

On my end of the spectrum, things are looking even better. Check this out:

The price of my IPO subscription to the agrochemical company Calata Corp (symbol CAL) ballooned by 52.27% !! I mean, my original Php750.00 is now Php1,142.00! If this is how all IPO's turn out, I'm gonna have Thomson Reuters create me a watchlist of upcoming IPO announcements. :p

 

See, I originally asked COL Financial (my broker), to subscribe 800 shares for me. By the end of the day, the stock was oversubscribed (meaning a lot of people wanted the stock), so the broker had to raffle off the stocks instead (to be fair to everyone). I ended up receiving only a 100 shares for Php750.00. Disappointing since if I were accorded 800 shares, I would have paid Php6,000.00, and would have earned $9136.20 by this time (that's Php3,136.2 earned in a week! Or a pair of nice tassle shoes from Zara :p).

Well, that's how life goes in the stock market. Today I'm just glad that most of my assets are up. URC is also up by a meager 0.44%, enough to pay off the commisions I paid buying the stock.

Europe may be in crisis, but whoever said that's the only market to look out for?

On another note, we better watch out for possibilities of creating a free economic zone between China, Japan, and South Korea. Together, they will create one of the largest markets in the world, contributing to about 20% of the world's GDP.

As for the trial on chief justice Corona, I think we should just look back to that as a lawfully handled process. In the words of political scientist that I know (Eljay Bernardo), "Kung convict ka o acquit, basta ang intensyon mo ay sa ikabubuti ng bansa, nasa tama ka." (to that effect).

-I should start taking down my notes in verbatim-

My First Cash Dividend Earnings from ICT

Foinally... Passively earned extra income:


I know you're underwhelmed, but I'm approaching this whole passive income thing Calata style. Joseph Calata, the leader of agri-business corporation Calata, also started out small. You might wish to read this interesting article about him, dubbed the youngest billionaire to list his business on the market:

http://pinoy-business.com/quotes-speeches/joseph-calata-trial-and-error-billionaire

FYI, Calata supplies agrichemical products to companies such as BMEG and Bayer.

Speaking of Calata, I tried to buy 800 stocks of Calata Corp's initial public offering, but the stock later turned out to be overbought, so they raffled the stocks instead in board lots of 100 to be fair to everyone. I now have 100 Calata Corp stocks waiting to be listed and reflected on my COL Financial account :D.

For further info about Calata, you may visit their website at: http://calatacorp.com/

Markets up today:



-tiny relief-

Painting the Town Red... Greek Red.

Not a very good week for trade, I say.

The Philippine Stock Exchange index is down again to 5083.62 by 1.44% at close yesterday. News of uncertainty in Europe is affecting our own bourse, and I find myself withdrawing most of my stocks back to my account at COL financial. Today, I only have two active issues: BDO and ICT:

I'm only holding on to both stocks because both are paying dividends by the end of May (BDO to pay stock dividends at Php68.70 each while ICT pays out Php0.65/sh)

(From COL Financial website https://www.citiseconline.com/final2/xml/CompanyNews_nw.asp?varStock=BDO&varNewsLink=309944

 From Thomson Reuters:

 )

Sad. I lost 8.21% on BDO already. Looking back, I never really was lucky in banking stocks. I've invested on BPI and MBT before and even if they're the largest banks, they have never given me enough earnings to cover the losses from my initial investments and commissions payments. I remember I sold MBT at a loss too, of ~5.0%, while BPI, I was able to sell on a positive note, but I had to wait for a long long time before the stock yielded an earning. The first day it went positive, I sold.

Maybe, moving forward, I'll invest my money on more active stocks, like issues on Property or Holdings.

Which btw are both down yesterday, too.

 

First time seeing an all-red chart brings about bile in my mouth :((((. I can't blame Greece though if they don't want an austerity campaign to correct their economy. If you're a restaurateur in that country, you'll probably absorb all the austerity measures and see your menu inflate to accomodate the higher tax rates. It's normal that they wouldn't want these strict policies enforced. But would they risk not following the austerity measures from EU's German chancellor in exchange for being kicked out of the Union?

I wonder how reactive the Greeks are to front-loading...

Here in the Philippines, they say the market's walking a rocky road till July.

- huff -

Dividend Announcements 101

One good way to earn passive income is to invest your money in dividend yielding stocks. There are plenty of stocks out in the market that issue dividends. On the top of my mind are banks, such as BPI, which has consistently issued dividends to its stock owners.

We are informed of a company's dividend announcement via different channels - in my case, I go to the individual company websites in multiple research domains until I stumble on one. At first glance, these announcements do not look too important, but here are the things that you need to know about dividend announcements:

1. The Company - need I say more?

2. The Ex-Date - this is the date before which you should hold the stock. Only the stock owners who have purchased the company's stock before this date is eligible for the dividends.

3. Amount - the amount to be issued as dividend per stock.

4. Payment Date - this is the date when the dividends will be reflected on your account, but I guess it depends on your broker's turn around time on things.

5. Others - sometimes there are more dates listed on the announcement, but try to tune out the noise if you can, because basically, all you need are the four items above... Plus your fundamentals. :p

So, to review, the things you need when looking at dividend announcements are: The Company, Ex-Date, Amount, and Payment Date. Let's apply what we learned today on the example below:

Here's a dividend announcement for Jollibee Foods Corp which I stumbled upon on Thomson Reuters' website (a very good reference, if I may add, try it! :D). To interpret, JFC is issuing 0.58 cents on every stock owned before May 04, 2012. If you bought 50 stocks before May 4, you'll end up earning dividends worth P29 by May 31, 2012. The more stocks you own, of course, the more dividends you earn.

I go about multiple websites looking for these dividend announcements because it's one of the easiest ways to earn money. As a rule, I buy short positions on these stocks only if the dividend offer is significant, if I have time to put up some money to buy the stocks, and if the company is fundamentally doing good (ie. the Rate of Equity is double digits and increasing, there's the ROI/A is above 5%, price trend is safe or upward, etc.).

So, upon doing further research, which one should I choose between the two:

SM Investments

Semirara Mining

Here are their 6 months price charts (in case you're leaning to the technical side of things):

SM

 

SCC

Happy trading!

-that's yuuuuge-

Recovering Losses via Condominiums and Terminals

My portfolio's looking gorgeous!

I started this week with new purchases of DMCI stocks to complete my basket of Property/Service/Bank money generators. I've been reading extensively on property stocks lately because they're pulling in on the market, with a lot of foreign investments coming in. Of course, they've been volatile the first quarter of the year, but the earnings surprises are really enticing. Ayala Corp and DMCI, for example, are projected to benefit a lot from the Private-Public-Partnership plans (PPP) of the government. Property stocks are climbing to impressive levels so I thought why not join the bandwagon?

I bought DMC since it's way cheaper than AC (Php59.70/stock vs. Php430.00 - 04/30/2012 figures) and started out the week with a ~3% loss on DMC and and ~7% loss on BDO (!). Good thing my property stock did not fail to impress and it's now at a 3.6% gain. BDO's still stuck under but at least the loss is hardly recognizable now.

So here's how it looks like in my portfolio:

Not bad eh?

11.10% on ICT, you'll never get anywhere near that if you invest your money on Time Deposits, what more on your usual Savings Accounts!

Also, if you look at the bigger picture, the whole PSEi has surpassed it's time highs over and over again. That's why I'm having second thoughts on my mutual fund in BPI, which is invested on peso securities which are less reactive to the stock market. I should have opted for a balanced fund!

(Note: by balanced fund, it means part of the money you deposited will be invested on "safe" securities like government bonds, and the rest to more aggressive vehicles like the stock market).

Anyway, we'll just see what happens next week.

Henyway, tomorrow morning I'm having breakfast with my very good friends Pia and Tin at Johnny Rockets. Not so sure of the selection, as I think food there is severely overpriced, but we'll see.

-burger and fries for breakfast :/ -