Tuesday, May 05, 2015

Sinolink Holdings sold

Last week I sold the rest of my shares in Sinolink Holdings (HK:1168). I held the shares from November 2012 and with a few sales and purchases along the way, made a net profit of around 37%. This was a reasonably reasonably large position for me so the overall impact on the household net worth was a decent one. However, like all my recent sales, I sold too soon - I had held my entire position until today, the net profit would have been close to 60%. Oh well ....

Financial Review - April, 2015

April was an unbelievably good month for my investments.

Net worth took big jump on the back of booming HK/PRC stock markets.  Asian equities appreciated, my Au/NZ equities more or less went sideways in local currency terms, silver nudged slightly higher and FX movements were marginally favourable. Expenses were moderate as I expensed the remaining half the cost of renovating a flat.

Here are the details:

1. my Hong Kong/China equity portfolio increased. I sold all my shares in Sinolink (HK:1168) for a very nice profit (too soon, of course);

2. my AU/NZ equities were flat. There were no transactions this month;

3.my equity ETFs appreciated (India, Vietnam, Hong Kong and China) in line with the local markets. There were no new purchases;

4. my commodities rose slightly. Silver is my only position;

5. all tenants are paying on time. One property is vacant and is currently undergoing renovation;

6. currency movements were positive with the NZD and the AUD gaining slightly;

7. my position in bonds remains small;

8. expenses were moderate as I paid for a short holiday to Japan over Easter and prepaid the air tickets for our summer holiday to take advantage of a special offer from Cathay Pacific. Expenses next month will be very high as we are about to pull the trigger on our home renovation project;

9.I made a transfer to Mrs Traineeinvestor this month and will make another one next month.

My cash position fell. I currently hold 40.8 months of expenses in HKD cash or equivalents. 

For March, my net worth jumped by 7.38%. Effectively, the portfolio generated enough positive return in one month to cover nearly three years of living expenses. The year to date increase is 8.79%. 

Monday, April 20, 2015

Sinolink - partial profit taken

With the recent run up in share prices, I have been asking myself whether it is time to take a little but of money off the table. Given that just about every decision to sell a share in the last few years has been a bad one, my judgement in these matters is clearly suspect.

In any case, I sold a few of my shares in Sinolink Holdings (HK:1168) at HKD 0.80 on Friday and a few more and HKD 0.82 this morning. Average purchase price (including transaction costs) was HKD 0.63. While it's nice to make a decent profit, given my opinion that the shares are worth considerably more than the current share price, I still hold most of my shares in this company.