Saturday, 29 November 2014

Recent Buy

I initial a new position with Tai Sin (SGX: 500) into my portfolio last week. I like the numbers of the company. Excellent earnings growth track record with CAGR of 17% on the past 16 years. Consistent profitability growing from 2005 to 2014 with 16.93%.

Based on this year dividend payout of 0.0225(twice yearly), this purchased will increase ny dividend income with an additional of S$22.50 per year and carry a YOC of 6.17% with payout ratio (TTM) 45.37%. My valuation of this stock with 30% margin of safety is S$0.52. Sean Seah had done a very good analysis on this company. You can read it here.

If you are interested, the updated stocks portfolio can be view by clicking on the link below. It is updated once at the end of the month:

Wednesday, 26 November 2014

Options Trades

Since my last trade(10th Nov) of a covered call, the stock price of EBIX had moved from $15.60 to $16.26. I had already queued to roll this into Jan15 waiting to be filled.

Nov expiration had passed. Here is my best trade in term of return which expired worthless:-

  • EBIX Nov 14 14 PUT @1.55.
  • EZPW Nov 14 10 PUT @1.15.
Trade remain open:-
  • sell-to-open EBIX Dec 14 15 CALL @0.75 It is the average premium collected with 2 contracts traded.
You will be able to see my realised P/L here. Feel free to give your comment.

Thursday, 13 November 2014

Options Trades

With the rallying of EBIX, I had opened a new options trade on a covered call:-

New Trade

  •  sell-to open EBIX Dec 14 15 CALL @1.00.

Trades remain open

  •  sell-to-open EBIX Nov 14 14 PUT @1.55.
  •  sell-to-open EZPW Nov 14 10 PUT @1.15.
  • sell-to open EBIX Dec 14 15 CALL @0.50.
With this new trade, now I hold 2 contracts of Dec 14 strike 15 CALL at an average of $0.75. The continuing run up on the price of EBIX above the $16, will enable me to close both the Nov 14 $14 PUT trades before expiration. 

You will be able to see my realised P/L here. Feel free to give your comment.