Happy First Birthday, Poorlearnrich

Happy First Birthday, 穷小子!!

There is no birth date for 穷小子 literally of course, but it will be his first anniversary since his first post. Times flies, while still remembering from how much he had learned along the way for the past year. It has been a while since the last post, and just saw that Poorlearnrich is moving towards 50k views. Thanks for all the supports.. ^^

Pardon for no much significant posts for these past few months, perhaps there may be nothing much to talk (complains) about when Mr Market is in good mood. Market is still not stable as usual, with the UK's early election, tension between US, China and North Korea, French presidential election, and the list continues. Nonethelessly, STI managed to hit a high gain of 10.73% year to date, before coming down to today closed at 9.83%. A nice run so far for 2017.

Attended few AGM this year and quite glad with the results, especially with CapitaComm and Mapletree Comm. Never tired to emphasis again that these are my right choice last year. Hehe.
On the other side, Singapore's Telcos industry is still worrisome, with the disappointing results and the top shareholders from M1 approached potential buyers to sell their combined stakes. This somehow gives 穷小子 an idea that the main shareholders are "begging" for buyers to buy from them and they want to get out as soon as possible. In normal circumstances, if a potential buyer makes an offer to buy, the company may became a gem to be discovered down the years, but M1 seems opposite now. Not trying to talk down M1 in here, but it happened. M1 is still about 10% of 穷小子's portfolio.
Added a small position of Starhub recently with a decent yield of about 5.6% if the payout remains at $0.16 per year. The main reason for this purchase is mainly to average down the price. As mentioned before, local Telco industry will be a long winter for the next few years, so current strategy is to average them down slowly.

Next is review on Noble again. Yes, 穷小子 said before that he will no longer covers Noble again, but this serves as an statement to reminds himself that he had made a right choice to cut it. Although is too late, $780 remaining still serves as a good use for 穷小子's expenses. Noble had announced shares consolidation last month, which 穷小子 had commented when he cut his loss and in his last post about Noble. What can be the next step? Issue rights again? Rinse and repeat? This time really is the last on Noble. :)

Most of the companies had reported their annual reports. 穷小子 will share his portfolio in his next post!!

Last but not least. 穷小子 just came back from his Turkey trip. It is a beautiful country must say, accompanied with a very long history. Shall try to share about it if had the time.

穷小子