Sabana: Sell Order Fulfilled @ $0.91

Divested half of my holdings in Sabana REIT when the price reached $0.91, a very strong resistance. Like other stocks in the bullish market now, Sabana broke through all four moving averages and continued to trend upward to $0.915 before retreating back to $0.91 (thanks to my only sell order at that point of time).

Divested funds from both AIMSAMPI and Sabana will be stored in my warchest, ready for the next bearish downtrend after the buying sphere (could it be due to CNY and 4Q DPU ex-dates?) runs out of steam.

AIMSAMPI: Sell Order Fulfilled @ $1.00

Divested a small portion of shares when the market opened an hour ago and locked in decent profits, after AIMSAMPI's price rallied to $1.

Before the market turns bullish this month, I bought a few lots of AIMSAMPI at $0.945 and $0.955 respectively. I expected AIMSAMPI's price to reverse in trend and rally up to another resistance, that is, the $1 mark. Now that it has happened and I sold off those $0.945/$0.955 shares before the rally loses steam. I still have shares purchased many months ago at the same $1 mark and hope to sell them away at $1.05 and $1.075.

As I wrote in the previous post related to Sabana, I planned to have holdings in both AIMSAMPI and Sabana to be equal. The divested funds from AIMSAMPI will be channeled towards Sabana before the ex-date.

I have to thank Mr. Market for the CNY red packet from AIMSAMPI. Huat ah!!!

Sabana: Buy Order Fulfilled @ $0.895

At last, I fulfilled the remaining portion at a higher price of $0.895 before the stock market closes at 5.30pm. My buy order for yesterday was only partially-fulfilled at $0.89.

You can refer to Sabana's graph chart yesterday. Technically speaking, it is not my culture to buy shares when prices are at the upper range of the 20wk Bollinger Band. But I am primarily invested in Sabana for passive income and $0.895 is a fairly good price.

If Sabana is able to break through the $0.91 resistance (a very strong one), we could see its price rallying to the $0.95 next. By then, I will drop a couple of sell orders to lock in profits.

Let this be my CNY red packet!

Huat ah!!!

Sabana: Buy Order Partially-Fulfilled @ $0.890

I dropped a buy order last night and thought that it would be fulfilled this morning but a sudden surge in its price ended the buy order with only partially-fulfilled. Meaning, I can't get all the lots that I wanted but some.

It's my first purchase with Sabana REIT, by the way. 

From the graph chart, Sabana has been bullish for the past few days. It has broken the $0.895 resistance (I didn't draw on the graph) today and went up to $0.90, which is a strong resistance where the 200MA is located. Breaking the 200MA means the price could test another strong resistance at $0.910, which is the highest high since the US debt ceiling crisis in Aug last year.

In my previous post, I wrote that I would channel divested funds from Starhill Global to AIMSAMPI to enjoy the maximum dividend yield in the REIT market. But AIMSAMPI's price seems to be creeping up fast and is now becoming a little expensive. Furthermore, due to the construction of new warehouses, expect its dividends to slightly dip for 2012 before the increase in 1Q2013 when the warehouses are completed. Unlike AIMSAMPI, Sabana has completed its acquisitions of existing buildings and I would expect its dividends to increase for this year.

In other words, moving my funds to Sabana is a defensive move as I can rely on its expected increase in dividends to offset AIMSAMPI's expected decrease this year.

To further diversify the risk, I am planning to have Sabana's total shares held to be equal to AIMSAMPI's. In addition, First REIT is also in my radar, as its relatively low gearing and defensive healthcare nature make it an attractive buy.

Total Dividends Collected for 2011

Last year, I held shares in several holdings and received dividends from them. Most of the stocks have since been divested and I am now geared solely on the REIT market.

These are the companies that paid me dividends in 2011:

1) MACQ INT INFRA
2) Mencast
3) Breadtalk
4) Suntec REIT
5) Starhill Global REIT
6) Cambridge REIT
7) AIMSAMPI REIT

In total, for the year ended 31 Dec 2011, I received about $700 of cash dividends. A large portion of the dividends were contributed by the REITs.

I expect the total dividends received for this year to increase significantly due to the following actions:

1) Moving from high-growth stocks to high dividend-yield REITs
2) REITs distribute dividends quarterly, compared to high-growth stocks' annually (4 times vs 1 time)
3) Invest in REITs that pay more than 10% of dividends (eg. AIMSAMPI and Sabana) vs 2% - 4% of high-growth stocks

In general, REITs have lower risk factor than high-growth stocks. Apart from receiving higher dividends, I am also lowering the portfolio's risk. That clearly explains why I am geared towards REITs than anything else.

Divested Starhill Global @ $0.575

I sold off a small portion today. I dropped a sell order at $0.57 but it fulfilled at $0.575 instead. Compared to the last sell entry at $0.565, I was lucky this time round thanks to the recent rally after a lower US unemployment rate was reported.

The divested sum will be channeled towards AIMSAMPI which pays a higher DPU of 10.3% (as of today). Another factor to consider is the price trend of AIMSAMPI, when I analysed the graph chart yesterday, I realised that the rally enjoyed by it wasn't going to last. Volume is falling on the backdrop of a rallying price. This is a strong indication that the rallying price is very soon reversing into a bearish trend.