Monthly update: April 2014

April End - Cash report

I sold all of my Lancashire position at a small loss. It was not clear to me why Mr. Brindle resigned as the CEO of the company. I did not like the level of uncertainty when the stock is selling at 1.5 times book. I am sure that the Mr Brindle must have incorporated a value based philosophy in the entire organisation — but without him, I would never buy at these prices. The inevitable conclusion is that I should hold or sell. I felt more comfortable selling.

I added to Kinder Morgan (KMI) and Tesco (TSCO.L), while getting rid of my Land’s End (LE) holdings. All in all, a very subdued month.

Monthly update: Mar 2014

Following is the cash report for the month of March. Around 6,000 more was invested during the month. Altius, Lamprell, and Kinder Morgan were the stocks I bought.

Mar 2014

I finished writing my thesis. I am looking to graduate by July end. The job search is on. This is one of the reasons why I don’t get much time to either blog or find new ideas.

Monthly update: Feb 2014

It is increasingly difficult for me to take time off from work as I continue to write my PhD thesis at a feverish pace. The thesis is almost fully written but I will need to look for a job next.

The following is the cash report for the month.

Cash Report: Feb 2014

I made the following transactions this month.

Emeco Holdings 15000@AU$0.22
Altius 100@C$14.64
Fortress 200@C$3.4
Lancashire 200@£7.2
Tesco 300@£3.14
Nam Tai 200@$5.69
Sears Holdings 50@$32.92
WTW 100@22.7
SLD 100 WTW 17Jan15P strike $30 for $7.2

Following is my current portfolio.

Portfolio Mar 1, 2014

Monthly update: Jan 2014

A new year brings new promises. I will finish my PhD and start looking for a job. It will also mean that I will not have much time to research stocks or write pitches on SeekingAlpha.

Cash Report (Jan 2014)

Cash Report (Jan 2014)

I started new starter positions in Emeco Holdings (ASX:EHL), Sears Canada (TSX:SCC), Sears Holding (SHLD), Fairfax (TSX:FFH) and Sears Home Stores (SHOS). In a few words, Emeco is cheap, Sears stub is a bet on Eddie Lampert and the value of the real estate and Fairfax is the new addition to my “owner operator” businesses.

I continued to add Altius, and Lamprell.

The situation with Weight Watchers (WTW) is very interesting. On the one hand, there are significant problems with the business e.g., does their product work, are apps going to kill it and so on … on the other is their fantastic track record and a sane management. I sold the company again at $32.91 at a very small profit. Since then the stock has fallen further and I am fighting myself on starting a position.

Three of the puts I sold (two on ArcelorMittal and one on Intel) expired, earning me sfr 899. Additionally, I received sfr 242 in dividends. I paid sfr 22 in commissions and sfr 5.33 on interests. This adds up to sfr 1,113 in profits for the month.

StockMarketEye has topped itself and the new update has a nifty tool to look at your portfolio historically. I have hence decided to include the current snapshot of my portfolio.

Open Positions (Dec 31, 2013)

Open Positions (Dec 31, 2013)

Open Positions (Jan 31, 2014)

Open Positions (Jan 31, 2014)

Monthly update: Dec 2013

Cash Report Dec 2013

This was a month of heavy trading. As discussed before, I sold BAC, PostNL, E.On, Orange, and Banco Santander.

I continued to add Altius and Lamprell.

The realized profits from the transactions was Sfr 5,397. I received sfr 65 in dividends, paid sfr 15.2 as interest, sfr 51 in commissions and sfr 10 in other fees.

2013: Year in review

This post will be updated again later.

This was a transformational year for the way I think about investing. This had some drastic effects on my portfolio. In particular, I sold almost everything I did not have a good grasp on.

This year I started with 50% cash in my portfolio and it has built up through the year. I now have 70% of my portfolio in cash.

Meanwhile, the portfolio value has gone from 75,000 at the beginning of the year to 115,000 at the end. Taking out the 20,000 cash which I put inside the portfolio, the performance has been close to 20%. Interestingly, given that I was only 50% in stock, the performance has been more like 40%. But this probably is cheating.