Thoughts on the market.

Excelpoint result for finanacial year 2013 is out. Below are some basic datas for your info :

1. Profit US$6,2 mil or S$7.8 mil. up 23.4% against last
year.

2. Dividend declared S$0.008 (Ordinary n special)

3. Dividend yield 7.9% on today's closing price of 10.1
cts. This is the 3rd year that the company declares
0.8 cts for dividend.

Pls check out other details from sgx.

In an earlier posting n in response to a question by one of the forumers I mentioned that it's (Excelpoint) is one of the 3 counters I am still holding. Copy n paste below for your info ..

Quote :
"Due to uncertainty in the market i have sold off all non dividend paying stocks in my portfolio. I am down to 3 counters with Valuetronics n Sunningdale taking up 40% each and Excelpoint 20%. These counters are high dividend yield stocks. It's a defensive move as high yield stocks are less volatile. From observation most stocks bottom at a point when the yield hits 10%." Unquote

what is your weightage of cash vs stock after the recent sales?

I am still heavily invested. All the profits from the recent sales had gone into these 3 counters ... Valuetronics,Sunningdale n Excelpoint

These are in my view under-valued n high dividend yielding. And are likely to be able to maintain or improve on their results this current year given the improved economic situations in US n Europe n hopefully China too.

Hope you do well!

You must have high confidence to be heavily invested in current difficult market.

Date of post As of today gain/loss in %

Federal 2.8 3.2 14.3

Sunningdale 13.9 15.4 10.8

Excelpoint 8.9 9.9 11.2

Valuetronics 24.5 29.0 18.4

G Invacom 19.6 44.0 124.5

69.7 101.5 45.6

Above is an update of the performance of my portfolio since the time of my posting on 21st dec 2013.

Assuming you give equal weightage to each of the counters and that you have held the portfolio up to today, the result would be a 45.6% gain. You may note that all the counters have appreciate by a minimum of 10%, the lowest being Sunningdale at 10.8% and the highest is G. Invacom at 124.5%.

Fyi, I had sold off my Federal at around 5 cts and G. Invacom at around 30 cts. I am still holding to the other 3 counters which are high dividend yielding and good fundamentals. Intent to hold long term.

Notes on the 3 counters:
1. Valuetronics ... expect excellent results
2. Excelpoint ... full result was good.
3. Sunningdale ... waiting to see the results of the initiatives they took in year 2013.

Just to clarify my earlier posting. It should read this way :

Federal
Price at date of post 2.8 cts
Price at time of posting : 3.2 cts
Gain in % : 14.3

Sunningdale
Price at date of post 13.9 cts
Price at time of posting : 15.4 cts
Gain in % : 10.8

Excelpoint
Price at date of post 8.9 cts
Price at time of posting : 9.9 cts
Gain in % : 11.2

Valuetrunics
Price at date of post 24.5 cts
Price at time of posting : 29.0 cts
Gain in % : 18.4

G.Invacom
Price at date of post 19.6 cts
Price at time of posting : 44.0 cts
Gain in % : 124.5