The JSE and finance forum for South Africa
General Category => Shares => Topic started by: JDP on October 28, 2014, 01:59:31 pm
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There was an old thread, dealing with this dating back to 2013, decided to make a new one.
Currently my Portfolio (Beginner / Not even novice)
STXIND 33.3%
STXFIn 33.3%
DBX USA 33.3%
Hoping to add some blue chips in the next 6 months.
Not much of a gambler, don't have the stomach for it, so mostly go for stable, also still have some time left, retirement only in about 25y.
Post yours and comment on mine if you like. :TU:
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There was an old thread, dealing with this dating back to 2013, decided to make a new one.
Currently my Portfolio (Beginner / Not even novice)
STXIND 33.3%
STXFIn 33.3%
DBX USA 33.3%
Hoping to add some blue chips in the next 6 months.
Not much of a gambler, don't have the stomach for it, so mostly go for stable, also still have some time left, retirement only in about 25y.
Post yours and comment on mine if you like. :TU:
Not sure of your motivation for starting this thread is to get an inkling into what other people have in their portfolios. You may also find that many who have listed their portfolios in 2013 may still be holding a very similar portfolio as to remain classified by SARS as an investor you need to hold your position for 3 years at least.
Also objectives of investors on this forum may have different objectives as to why they are investing and then there are others who are quite happy to speculate on the market as traders
You don't mention how much you have invested in each of the ETF - so given that you retire in about 25 years time is it an objective that these investments are your pension or are they funds to augment your pension.
Maybe you need to re examine your present pension funding, determine if there is any scope to increase contributions (if required) and consider the fee structure, also if the company you work for has its own managed fund it could well be cheaper than an external pension fund. Ideally you want to retire on at least 70% to 80% of your last salary which would (based on current financial calculations) require that you contribute 22% of gross to your pension fund
Just some of my thoughts on your post
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Well yes indeed, my motivation was basically to get a inkling as what people have in there LT portfolios, and if they indeed changed or have added to them in terms of last year.
Basically my split into these ETF's is around 20k each, and they are to augment my pension, and i will be adding to them going forward, but i'm also looking at blue chips.
Current pension funding consists of the following
AG Balance Fund
AG Provident Preservation Fund (Basically another AG Balance Fund)
Investec Value Fund
Nedgroup Global Feeder Fund.
+
Small Stanlib Fund and a small Metropolitan RA.
Indeed that is my aim to get to the 22% of gross.
Thanks for your comments.
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In my view, those are poor performing funds for long term. If you actively invest in funds that are relatively immune to market downturns such as non cyclical stocks that I will mention bellow.
The STX40 has only averaged 7% pa since 2008. That is in my mind a poor performance compared to the the stocks that are immune to corrections. On long term, you will exceed 36% pa that these stocks have been achieving for years.
EOH
NPN
SHP
TRU
This is not advice to you but my own advice to me. Pity I never listened.
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Sorry, I must add that those figures are divides included.
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In my view, those are poor performing funds for long term. If you actively invest in funds that are relatively immune to market downturns such as non cyclical stocks that I will mention bellow.
The STX40 has only averaged 7% pa since 2008. That is in my mind a poor performance compared to the the stocks that are immune to corrections. On long term, you will exceed 36% pa that these stocks have been achieving for years.
EOH
NPN
SHP
TRU
This is not advice to you but my own advice to me. Pity I never listened.
There are a few people from the Darkside, including me, that should have listened to you years ago.
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In my view, those are poor performing funds for long term. If you actively invest in funds that are relatively immune to market downturns such as non cyclical stocks that I will mention bellow.
The STX40 has only averaged 7% pa since 2008. That is in my mind a poor performance compared to the the stocks that are immune to corrections. On long term, you will exceed 36% pa that these stocks have been achieving for years.
EOH
NPN
SHP
TRU
This is not advice to you but my own advice to me. Pity I never listened.
Some returns (excluding dividends) to compare. Note that return indicated is not the annualised return, but the total return for the period.
STX40
1 year - 9.41%
3 Year - 52.95%
5 Year - 87.62%
10 Year - 322.18%
SHP
1 Year - Minus 13.07%
3 Year - 37.37%
5 Year - 149.66%
10 Year - 1276.23%
EOH
1 year - 32.37%
3 Year - 374.10%
5 Year - 1138.43%
10 Year - 2769.87%
TRU
1 Year - Minus 21.35%
3 Year - Minus 5.86
5 Year - 67.78%
10 Year - 439.67
NPN
1 Year - 46.16%
3 Year - 261.23%
5 Year - 382.56%
10 Year - 2342.42%
REM
1 Year - 23.77%
3 Year - 109.94%
5 Year - 174.98%
10 Year - 736.02%
I have included my favourate "buy and forget" share (Remgro) for interests sake. Not as the returns indicated exluded dividends and the unbundlings, Remgro's return will be understated.
I do find it interesting, that of the 4 shares listed by Orca's, only 2 outperformed the STX40 over a 1 year horizon. The other had negative returns....
Over the longer periods, the outperformance on the selected shares are highlighted..... Questions to be asked by any investor (in particular any casual investor).
1. Can these long term returns be replicated into the future, and if so, for how long. Certainly mathematically, they would eventually return to the market mean. In the case of SHP and TRU, the negative returns over the short term are worrying and may be indicative of this effect.
2. Can an individual investor afford the volatility of individual shares. Or does he need a safety net of "buying the market"? This will differ from person to person depending on his level of knowledge and aptitude to risk.
My take on the 4 shares listed (NPN, SHP, EOH and TRU), is that they will NOT come close to a 36% per annum return (over the long term). I think that there are opportunities in SHP. I'm not confident in TRU and NPN (although NPN offshore investments are certainly interesting). EOH, i'm not familiar enough with the fundamentals to comment on.
Key to material outperformance over the market, it to find the next winner, not the last winner. That's not an easy task.....
Matter of interest, my personal SA portfolio is as follows
CLI
MPC
REM
JSE
SOL
With smaller holdings in
CML
CPI
ILA
PNC
Some of the positions were taken with a specific view and have served there purpose. Overall, my portfolio is in need of re-balancing, but i tend to do that in January/February (when i have a better view on my tax position). Return over the last 10 years returns hasn't been too shabby, showing a annualised growth (including dividends) of 23.6%.
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Thanks for the responses, there is a lot to investigate and digest in order to invest. :TU:
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Sorry, I must add that those figures are divides included.
Orca/Guys. Is there any source to a calculator that could provide stats for shares where Divies was included in the performance?
since that will be the idea of a long term investment, it could make a huge difference in the returns obtained.
thx
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Update on investment changes, as a FYI to myself, but any comments welcome.
| Share | Code | % of Equities |
| ASPEN | APN | 8.10% |
| RICHEMONT | CFR | 5.55% |
| CAPITEC | CPI | 5.83% |
| DBX USA | DBXUS | 5.56% |
| DBX WORLD | DBXWD | 5.17% |
| METAIR | MTA | 4.46% |
| MTN GROUP | MTN | 5.25% |
| NASPERS-N- | NPN | 6.31% |
| OLDMUTUAL | OML | 4.91% |
| PROPXTEN | PTXTEN | 5.20% |
| SHOPRIT | SHP | 5.36% |
| SASOL | SOL | 14.81% |
| SATRIX FINI | STXFIN | 5.43% |
| SATRIX INDI | STXIND | 5.36% |
SOL high at the moment, been buying on the down will even out in future.
Funds:
Down scaled my monthly DO, to these fund, rather accumulate and then buy equities or ETF's.
AG Balance Fund - moved 50% over to Equities
AG Provident Preservation Fund - cant touch this otherwise I would have moved it to Equities as well due to tax :(
Investec Value Fund - Closed, under performing and going down fast, lost some money in this one, and not just because of fees.
Nedgroup Global Feeder Fund. - Added some money to this, like the foreign exposure, and dont really have other means of foreign exposure besides DBX ETF,
Web trader fees seems HIGH, maybe in future.
Stanlib RA - mmm ye ?? what to do ??
Metropolitan RA. - mmm ye ?? what to do ??
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I like your spread, well done.
AG Provident Preservation Fund - cant touch this otherwise I would have moved it to Equities as well due to tax :(
I have my paperwork lying next to me on my desk, I have a Provident fund (Note I also have my pension which I will not touch) that I want to cash up, pay my tax and add to my Portfolio in the market, just need to find my set of bigger b@lls and do it.
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Perhaps its time to look at which IND stocks will benefit from the oil price. Industrials have had a beating lately after years of great performance and should revive now. KAP comes to mind. MTA with the acquisition of Mutlu will be earning dollars.
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I like MTA, and as soon as I have some more money available I will be topping up, bring my avg share price down, and as mention, holding in terms of the Mutlu, all the upside from it.
KAP is on one of my watch lists, also seen that in december a lot of purchases from directors, and they could definitely benefit from the oil price, in all divisions, namely supply chain, timber, passenger
and manufacturing.
My only concern is that they are only SA operated, specifically thinking of ESKOM and labour?
I also like ASO (AUSTRO), they have some very good names there directorate and sole distribution rights of well known brands, and they also have
both sale and hire of diesel gennies, tying into the ESKOM issue. I also recently saw the following sense, which was pretty impressive to me
n terms of the acquisition agreement, the purchase consideration payable by Austro for the Centlube acquisition
would be R64 million, provided that if Centlube Holdings Proprietary Limited or its wholly owned subsidiary,
Centlube Proprietary Limited (“Centlube”) is appointed as the licensee and/or distributor for a certain global oil major
and significant player in the lubricants industry on or before 31 December 2015, the purchase consideration would be
increased by R16 million (the “additional payment”) to R80 million.
Shareholders are advised that, with effect from 1 January 2015, Centlube has been appointed by ExxonMobil
Petroleum and Chemical BVBA as a distributor of Mobil lubricants for its Automotive and Industrial line of business
in South Africa, Lesotho and Swaziland as well as in respect of certain Strategic Global Accounts in selected Sub-
Saharan African countries. Centlube will also continue as a licensee and distributor of ENI lubricants and produce
steel rolling fluids on behalf of Houghton plc.
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Currently my Portfolio (Beginner / Not even novice)
STXIND 33.3%
STXFIn 33.3%
DBX USA 33.3%
Hoping to add some blue chips in the next 6 months.
How closely do these DB ETFs actually track their respective indices?
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Not sure, but have a look at this link for more information.
www.dbxtrackers.co.za (http://etf.deutscheawm.com/ZAF/ENG/ETF/ZAE000115192/-/MSCI-USA-Index-ETF)
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When do you decide that a long term investment is not performing and time to get rid?
I bought A Gray Orbis Global Equity Feeder Fund in Apr 2014 at R38.33 but to date it's return has been abysmal and was at only R39.42 yesterday! I know this is a long term investment but would have expected a decent growth by now maybe in the region of 10%+ and also bought Coronation Industrial Fund at the same time at R138.95 and sitting at R167.13 yesterday so around +21% so far.
Hold STXIND too bought at R51.24 and doing well at around R64 to date so up 25% my thinking is to sell AG and invest more in the INDI? Am I being too hasty and should I wait to give AG more time to perform?
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Difficult question. AG Global is almost at the very bottom in its sector of +- 380 funds performance wise. Prior to 2014, it performed at around 30% pa so it might be a gamble to sell now.
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Hi Orca, yes that was why I bought in Apr last year looking at the +30% gains but I'm tempted to sell and get into the Indi if it pulls back a bit - do you see that happening in the short term?
Did you ever invest further in the Indi as I remember you saying you would put everything into it?
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Not yet as I'm waiting for the Portuguese IRS tax exemption.
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Saw on Equinox yesterday that AG Global's 12 mth performance was +0.55%!! :mad:
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The INDI has woken from its slumber. Broke through the resistance line some days ago and this uptrend was confirmed by the MACD crossover.
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So im looking to add to my either my existing stocks or new ones.
Which of the following would you say are trading at a nice price.
APN (current price 38941 ) (After the GSK share dump, but there will be a second dump in june/july, a read somewhere, so wait till then?) *thanks jaDEB
ADI (current price 970 )
AFH (current price 989 ) (Almost back at 2014 levels)
or maybe some overseas REITS ?
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you mean APN. not ASP. :question:
Britain’s biggest drugmaker will remain a 6.2% shareholder in Aspen and has undertaken not to sell any more shares in the South African group for 180 days.
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180 days, basically six months, even if the share price goes back up to previous levels, they can cause a tumble, in about six moths time again, so the question is wait till then or buy now?
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:( I already bought @ R440 per share. But will be keeping it, as their previous results was good. When to buy I suppose is up to you, I have noticed that APN is in the Top traded by value list, where it was not usually.
LONDON — GlaxoSmithKline has taken profits in Aspen Pharmacare by selling half its stake in the South African drugmaker for $853m, following a long investment in the firm.
The sale, which was conducted through a share placing at a discount to the market price, is the latest example of GSK pruning non-core investments as it refocuses its business and works to protect its sizeable dividend payments to shareholders.
Britain’s biggest drugmaker will remain a 6.2% shareholder in Aspen and has undertaken not to sell any more shares in the South African group for 180 days.
GSK said on Friday it had sold 28.2-million Aspen shares at R372 each, compared to Thursday’s closing price of 406.5.
The sale was handled by Citi and UBS.
In November 2013, GSK sold another similar sized tranche of Aspen stock for R250 a share.
Simon Dingemans, GSK’s chief financial officer, said the disposal would help give his company flexibility to invest in new opportunities in the wake of a $20bn-plus asset swap transaction with Novartis.
"As we continue to reshape the group around our core franchises and drive the benefits from the Novartis transaction, optimising our financial flexibility to invest behind these priorities is key," he said in a statement.
"As a result we have decided now is the right time to realise further value from this successful relationship. We continue to believe in the strategy of Aspen and we remain committed to working together in the future."
GSK said that the net profit on the disposal would not be included in core operating profit and core earnings in 2015, and GSK would no longer account for Aspen as an associate.
However, the British group’s head of strategy, David Redfern, who was recently appointed as GSK’s nominee director on Aspen’s board to replace GSK president of pharmaceuticals Abbas Hussain, will remain a director, Aspen said.
GSK has been suffering from weak sales of its key respiratory drugs in the past year, especially in the US, and has implemented a £1bn cost-cutting programme.
It is also considering an initial public offering for its majority-owned HIV unit, known as ViiV Healthcare. But plans to sell a portfolio of older drugs were dropped in December
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Topped up on APN. bring my avg price down to 392 ish , so im very happy that it is under 400. :)
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:TU:
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Aspen to me is always going to be a share for the long haul, along with other health care shares. The p/e is high, but it has history on it's side. Does anyone know what it's income breakdown local to foreign is?
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INTERNATIONAL BUSINESS
Revenue in the International business was 158% higher at R8.8 billion and performance was boosted by the inclusion of the significant transactions completed during the previous financial year.
Revenue from the Europe CIS business climbed 229% to R5.1 billion from finished dose form pharmaceuticals and active pharmaceutical ingredient sales.
Revenue in Latin America advanced 118% to R2.6 billion, largely driven by the recent infant milk formula acquisition, while sales to customers in the Rest of the World were up 36% to R0.9 billion.
Capital expenditure projects are continuing at Aspen Oss in the Netherlands and at the French-based Aspen Notre Dame de Bondeville site.
ASIA PACIFIC BUSINESS
Revenue in the Asia Pacific region was 3% higher at R4.4 billion where the Nutritionals products led the way with strong double-digit growth. Sales to customers in Asia continued on an impressive growth trajectory, doubling to R0.6 billion.
SOUTH AFRICAN BUSINESS
As the ongoing leading pharmaceutical manufacturer in the country, revenue in the South African business grew by 12% to R4.3 billion. Private sector pharmaceutical sales increased 10% through a combination of organic growth and new product launches. Sales in the public sector were flat. The consumer division raised revenue by 30%, led by the Nutritionals products with Infacare achieving an increase in its share of this category.
The capital expenditure projects at the Port Elizabeth finished dose form manufacturing site and the Cape Town API manufacturing site are progressing well.
SUB-SAHARAN BUSINESS
In Sub-Saharan Africa, revenue improved by 5% to R1.5 billion. Margin improvement initiatives yielded positive results and lifted EBITA 12% to R210 million.
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Thanks Jadeb, that's what I was looking for. Good growth away from SA should hold value for the future. Still a favourite of mine.
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Most of my shares has more outside than inside lovely ol'RSA.
NPN - Naspers provides services in over 130 countries
APN - As per Map above
AVL - The listing raised funds with which to expand the company’s facilities base in South Africa from the current two operational day hospitals to a targeted ten over the medium term. The company owns three day hospitals in Australia, with a fourth under construction.
OCE - Is mostly RSA and Namibia, but even the middle class and the rich will be eating canned fish soon... :LHST:
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Surely one can only eat fish once your ship comes in?
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:)
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What do you guys think of RMI?
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Holdings update, JDP's FYI
STOCKS
| Share | Code | % of Equities |
| ADAPTIT | ADI | 4.29% |
| ASPEN | APN | 11.17% |
| RICHEMONT | CFR | 4.82% |
| CAPITEC | CPI | 7.93% |
| DBX USA | DBXUS | 4.93% |
| ENXGROUP | ENX | 3.84% |
| METAIR | MTA | 4.18% |
| MTN GROUP | MTN | 4.86% |
| NASPERS-N- | NPN | 5.65% |
| NOVUS | NVS | 0.76% |
| OLDMUTUAL | OML | 5.25% |
| PROPXTEN | PTXTEN | 4.51% |
| SHOPRIT | SHP | 8.31% |
| SASOL | SOL | 14.17% |
| SATRIX FINI | STXFIN | 5.14% |
| SATRIX INDI | STXIND | 4.84% |
* ADDS ADI, ENX, APN, NVS, SHP
TFSA
| SATRIX FINI | STXFIN | R5000 |
| PROPXTEN | PTXTEN | R10000 |
| DBX WD | DBXWD | R10000 |
| DBX EU | DBXEU | R5000 |
Funds:
Down scaled my monthly DO even more, to these fund, rather accumulate and then buy equities or ETF's.
AG Balance Fund - moved R30Kr to TFSA EasyEquities
AG Provident Preservation Fund - still there what to do?
Nedgroup Global Feeder Fund. - Added some money to this, like the foreign exposure, and dont really have other means of foreign exposure besides DBX ETF,
Hopefully there is a cheaper alternative to STD Banks Web trader, fees seems HIGH, maybe in future.
Stanlib RA - Still need to decide
Metropolitan RA. - Still need to decide
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Nice Spread :TU:
Here is mine ...
African Bank Inv Ltd 0.20 %
Aspen Pharmacare Hldgs Ltd 17.21 %
Advanced Health Ltd 12.65 %
Naspers Ltd -N- 47.55 %
Oceana Group Ltd 16.35 %
Other 1 I is looking after.
Advanced Health Ltd 96 %
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My main portfolio:
Share Code Profit (Loss) (%) % of Equities
A V I AVI 29.87 5.57%
ARROW A AWA 25.69 4.29%
BATS BTI 41.74 2.36%
CORONAT CML 17.11 9.56%
CAPITEC CPI 189.15 6.94%
GRANPRADE GPL 28.05 1.52%
GROWPNT GRT 8.98 2.72%
HYPROP HYP 40.94 8.78%
INTUPLC ITU 19 3.26%
MMI HLDGS MMI 50.23 2.07%
MR PRICE MPC 50.91 7.87%
MTN GROUP MTN 4.91 5.01%
NEPI NEP 19.33 1.99%
NAMPAK NPK 12.06 2.35%
OLDMUTUAL OML 33.25 4.09%
PERGRIN PGR 37.19 2.50%
REDEFINE RDF 19.05 2.84%
RHODES RFG 9.2 2.02%
RMIH RMI 41.31 3.37%
ROCKCASTLE ROC 70.13 4.86%
RI PLC RPL 39.95 5.70%
SA CORP SAC 17.01 2.61%
SANLAM SLM 17.78 2.06%
SPURCORP SUR 26.19 0.81%
TOWER TWR 0.14 1.29%
VODACOM VOD 17.54 3.45%
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Wow Mr_Divi. You hold the ALSI there.
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Yup - I think for beginners a spread portfolio might not get stellar returns, but is a fair amount safer than a more concentrated selection. And of course, geared for dividends with out resources.
Happy with it so far - but can only really track it now that I have stopped adding to it.
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My small portfolio is less than 10% of the bigger one and generally contains share I liked but for one or other reason did not get into the main portfolio - usually because of a lack of decent dividend but sometimes just because I ran out of money!
Still a work in progress - next want to add steinhoff and FNB and probably mediclinic
Naspers
Aspen
Attaq
WHL
JSE
CML (again :-[)
Taste
EOH
Discovery
Spar
What can I say - I like reading SENS! As long as fees are reasonable, I do not see what the problem is with making your own ETF. The only problem would be when it comes time to sell - having all your cash in a couple of ETF's makes it easier instead of it spread between 40 or so shares - I guess worst performers out first.
I did see a quote once that went something like " A large portfolio is the product of a lazy or feeble mind" - something along those lines anyway. Personally, I just think it's safer, especially if you not a stock market guru - something I will never be.
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Share Code Profit (Loss) (%) % of Equities
A V I AVI 34.56 5.89%
ARROW A AWA 24.42 4.33%
BATS BTI 47.57 2.50%
CORONAT CML 9.21 9.09%
CAPITEC CPI 142.07 5.92%
GRANPRADE GPL 17.66 1.42%
GROWPNT GRT 13.79 2.90%
HYPROP HYP 49.48 9.50%
INTUPLC ITU 16.38 3.25%
MMI HLDGS MMI 42.86 2.00%
MR PRICE MPC 53.5 8.16%
MTN GROUP MTN -1.89 4.78%
NEPI NEP 23.56 2.10%
NAMPAK NPK -8.48 1.96%
OLDMUTUAL OML 28.89 4.04%
PERGRIN PGR 59.36 2.96%
REDEFINE RDF 14.08 2.77%
RHODES RFG 11.49 2.10%
RMIH RMI 41.06 3.43%
ROCKCASTLE ROC 44.18 4.20%
RI PLC RPL 32.43 5.50%
SA CORP SAC 17.5 2.68%
SANLAM SLM 13.46 2.03%
SPURCORP SUR 14.05 0.74%
TOWER TWR 1.14 1.33%
VODACOM VOD 13.06 3.38%
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Share Code Profit (Loss) (%) % of Equities
A V I AVI 34.56 5.89%
ARROW A AWA 24.42 4.33%
BATS BTI 47.57 2.50%
CORONAT CML 9.21 9.09%
CAPITEC CPI 142.07 5.92%
GRANPRADE GPL 17.66 1.42%
GROWPNT GRT 13.79 2.90%
HYPROP HYP 49.48 9.50%
INTUPLC ITU 16.38 3.25%
MMI HLDGS MMI 42.86 2.00%
MR PRICE MPC 53.5 8.16%
MTN GROUP MTN -1.89 4.78%
NEPI NEP 23.56 2.10%
NAMPAK NPK -8.48 1.96%
OLDMUTUAL OML 28.89 4.04%
PERGRIN PGR 59.36 2.96%
REDEFINE RDF 14.08 2.77%
RHODES RFG 11.49 2.10%
RMIH RMI 41.06 3.43%
ROCKCASTLE ROC 44.18 4.20%
RI PLC RPL 32.43 5.50%
SA CORP SAC 17.5 2.68%
SANLAM SLM 13.46 2.03%
SPURCORP SUR 14.05 0.74%
TOWER TWR 1.14 1.33%
VODACOM VOD 13.06 3.38%
I see u sold mine? NPN & APN :wall: How can you sell the best to be shares for 2015 / 2016 ? :wall: :whistle:
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Aspen Pharmacare Hldgs Ltd 17 %
Naspers Ltd -N- 47 %
Oceana Group Ltd 28 %
Other 1 I is looking after.
Advanced Health Ltd 96 %
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Wow. I'm in awe. I can see this took many hours of thought and planning. Did you create this with a certain methodology you use?. Thanx for sharing. I thank you
Share Code Profit (Loss) (%) % of Equities
A V I AVI 34.56 5.89%
ARROW A AWA 24.42 4.33%
BATS BTI 47.57 2.50%
CORONAT CML 9.21 9.09%
CAPITEC CPI 142.07 5.92%
GRANPRADE GPL 17.66 1.42%
GROWPNT GRT 13.79 2.90%
HYPROP HYP 49.48 9.50%
INTUPLC ITU 16.38 3.25%
MMI HLDGS MMI 42.86 2.00%
MR PRICE MPC 53.5 8.16%
MTN GROUP MTN -1.89 4.78%
NEPI NEP 23.56 2.10%
NAMPAK NPK -8.48 1.96%
OLDMUTUAL OML 28.89 4.04%
PERGRIN PGR 59.36 2.96%
REDEFINE RDF 14.08 2.77%
RHODES RFG 11.49 2.10%
RMIH RMI 41.06 3.43%
ROCKCASTLE ROC 44.18 4.20%
RI PLC RPL 32.43 5.50%
SA CORP SAC 17.5 2.68%
SANLAM SLM 13.46 2.03%
SPURCORP SUR 14.05 0.74%
TOWER TWR 1.14 1.33%
VODACOM VOD 13.06 3.38%
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I see u sold mine? NPN & APN :wall: How can you sell the best to be shares for 2015 / 2016 ? :wall: :whistle:
Still have them in the little portfolio - nether have great divi's ;)
Lamak - not really, I pretty much just look at 3 and 5 year charts in combination with divi yield and P/E. More importantly though, is that I needed a 5% yield, so need to balance out some lower( but fast growing) divi payers like Capitec, MPC, RMI with some pretty boring but high yield options - generally listed property.
Also I am fairly realistic in expectations - want 10% capital growth and inflation busting dividend growth. 15% and over capital growth would make me really happy. This year ending August will be the first year I can start the figures - divi yield on original sum is around 5.5% after dividend tax.
Did seriously look at ETF's, but:
a) None gave me the divi I needed - the good income ETF's where between 3 - 4%
b) At the time they all had a fair amount of ABIL - which I disliked
c) Most DIVI etf's generally have a fair amount of resources - again, I dislike.
That said, a mix of Fini/ indi and property could work pretty well
e) lastly, I think buying individual stocks is more fun, which means you put more cash in - always a good thing. I enjoy keeping tabs on the companies I have shares in - with ETF's it's a lot less personal.
I bench mark to the SATRIX Divi because it has the highest dividend. If for a few years I under perform it by a couple of percent, I will think of switching - but so far it's been pretty easy to beat.
Maybe I should switch benchmarking to 1/3 fini/indi/prop :-X Might see my ass.
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Some interesting discussions on this thread and some diametric views
From what I can gather Mr Dividend is focused on dividend returns - are you taking the dividends and using them as your pension?
From other posts am I right in saying that you have indicated that you are near of have retired - hence the need for dividends?
I on the other hand have retired and get a good pension and have funds in a rolling 6 moth FD and some Mutual funds plus a smallish LA
My share portfolio is what I focus on and which I manage myself and handle all buying and selling through a broker platform
My objective has been to grow my share portfolio by a minimum of R 250,000 per annum however 2007/8 went into negative territory but since 2008 I have achieved that objective. Pensions and your health deteriorate with age and your medical bills increase as do all other living expenses so my overarching objective is to ensure that at 85 I can still live and enjoy life as it is today but some 17 years younger
So to me it is important to determine what my long term goal is and how I can achieve that with a annual plan, and adjust it to ensure you still achieve your objectives
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Here is my new portfolio taken at market close today. I love it when all my stocks are green on a red day.
DIVTRX is 50% and PGR is 18%.
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From what I can gather Mr Dividend is focused on dividend returns - are you taking the dividends and using them as your pension?
From other posts am I right in saying that you have indicated that you are near of have retired - hence the need for dividends?
Pretty much, retired last year at 40. Living off dividends - but do not mind some high growth shares from a tax perspective.
Are you fully invested now Orca? Well, as opposed to 100% CML you are pretty well diversified! Not enough for me, but then I seem to be a glass half full kind of guy and what to own them all. The Smegal of the JSE, :)
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Divtrx holds 22 shares, all equally weighted around 4.5%, so I would say that's fairly good diversification, but probably a little overweight in the other counters! Time will tell if Orca has picked the next cml in one of those again!
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26. They were going to open another fund with 28, but they figured there would be serious infighting.
:-X
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I'm done sorting out my portfolio. Actually I'v had MTA for 3 years already. She has been flat this year due to no dividends to pay off her large loan for the Turkish acquisition.
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ADI on the other hand must be the star performer over a long term. She has done 326% pa ave over 5 years without divies reinvested.
Analysts have predicted that the tech sector will be the place to be in. Her PE ratio of 22 sounds high but if you factor in the cash she has, it would be cheap. Her sales are all cash upfront and no creditors.
The CEO seems to be following the business model of EOH by buying up cheap but profitable companies on a regular basis.
This is one to watch and I am feeling nauseous for not finding her a few years earlier.
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I've sold Nampak and bought Taste. Although both are longer term plays, I think there is lot's more upside to Taste - whereas Nampaks africa expansion looks interesting - the SA business has lot's of competition and will probably hold it back for a few years. So now own Taste in both portfolio's an my smaller cap bets are: PGR, Rhodes, Taste, Granparade - which together account for around 8.5% of the main portfolio. Actually, have a bit in Spur as well - brings it up to 9.3%
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I have a long term portfolio invested offshore but the thing that worries me is that all the shares I've bought are in Rands and with the way the Rand is going would it make sense to change my portfolio into euros, dollars, sterling or any other currency?
The downside of this would obviously be the selling and then buying costs. Any thoughts?
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If it's all foreign shares it won't matter if the rand crashes as your portfolio value will have a rise equal to the currency crash. In a total hyperinflation scenario, your only risk would be the time difference between selling and being able to convert to a safer currency somehow.
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I think the shares yozzi is talking about are all rand denominated - he does not hold the share certificates/nominee shares in an overseas account. So very simply if the Rand does tank then the funds would move in sympathy with the rate change. However to me the more important scenario here is that what you want is that you have an overseas broker who buys and sells into the major markets around the world and would hold different currency trading accounts. However to do this you need to be in good standing with SARS and don't them any funds
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Hi guys, the shares are mainly local ones like Pan Af, CML, Satrix Indi, A Gray Global Equity Feeder Fund, Coronation Industrial Fund and all bought in Rands in a Rand acc offshore but I suppose as long as I'm living in SA then any Rand currency weakness wouldn't be too bad but if I were to go overseas then things start to get costly!!
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The point I am trying to make here is that these shares are not held by you in a foreign currency with an overseas broker. What I am putting in place is that my local broker opens an elected currency account with a London based broker. My broker will physically move my funds offshore to this broker and I will be able to (over the overseas brokers platform) see my platform in a similar fashion as my local brokers platform. The hurdles I am trying to deal with are that if I wish to buy or sell out of my overseas portfolio then I have to instruct my local broker to effect the instruction. I can't place my buy/sell orders with the LSE in the same way I can with the JSE. This is not an insurmountable problem as my intent is to buy and hold for the long term. I am still in the process of resolving where I will get taxed on sales UK or SA as I don't foresee that I will bring the funds back to SA for many years - if ever. Also my local broker will impose charges each time they remit funds overseas for me and I am trying to establish whether there is a fee levied by my local broker (when I give an instruction to buy/sell) for handling the transaction instruction. There are also other considerations - in SA if you transact too frequently you could be treated by SARS as a trader - need to know whether the UK have similar rules. CGT is another issue as I may have to register as a UK taxpayer and get a tax number.
As I say at an early stage of my investigations and just need to get my ducks in a row so to speak
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The very reason why DTA's are in place is to simplify cross border trading.
If every one doing business with foreign countries had to file a tax return in that country as well then hardly any trading would be done.
The UK/ZA DTA states that non property dividends withholding tax must be capped at 10%. So you will automatically pay 10% in the UK only if you apply for the DTA reduction that your UK broker will provide.
All your foreign income must be added to your local income in your returns. You will pay tax in the country where you "apply you wit, mind and time" for the income albeit CGT or Income tax.
So if you have a Managed Account in the UK and the manager trades frequently for over 3 years then it will be treated as CGT by SARS. If you do it from ZA, it will be Income.
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The very reason why DTA's are in place is to simplify cross border trading.
If every one doing business with foreign countries had to file a tax return in that country as well then hardly any trading would be done.
The UK/ZA DTA states that non property dividends withholding tax must be capped at 10%. So you will automatically pay 10% in the UK only if you apply for the DTA reduction that your UK broker will provide.
All your foreign income must be added to your local income in your returns. You will pay tax in the country where you "apply you wit, mind and time" for the income albeit CGT or Income tax.
So if you have a Managed Account in the UK and the manager trades frequently for over 3 years then it will be treated as CGT by SARS. If you do it from ZA, it will be Income.
Thanks Orca - I will read up on the DTA
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http://smallcaps.co.za/blog/adaptits-edge-over-eoh/
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Quite sickening I bought 13,000 AdaptIt in 2007 for an all inclusive cost of R 9197 ( i.e. 71 cents per share) and sold out end 2009 at R 5758 ( 44 cents per share). Now they are running around at R 9.99 per today. I bought a small parcel some weeks back at R 9.51 all inclusive and am trying to buy more but at R 9.80 almost got my order filled today but will see how things go over the next few weeks
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Dropped my price and got another parcel at R 9.70
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ADI has become my best performer. After nearly 2 weeks of struggling to break the 1000 psychological barrier, she made it today on strong volume. :TU:
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Well their audited results were very passable
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I would use the term "exemplary" rather. They keep beating their previous results year after year.
Seems that there is no end to this.
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Good analysis there by Keith McLachlan. Thanks for the heads up @Orca.
Have you seen his recent article? http://smallcaps.co.za/blog/small-caps-are-safer-than-top-40
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Today on Moneyweb. Perhaps I should sell my MTA and add to ADI.
http://today.moneyweb.co.za/article?id=510047&acid=544awEI2280eZeuwhd4cWQ%3D%3D&adid=NiHmapRV5zAeZeuwhd4cWQ%3D%3D&date=2015-09-14#.VfalgflVikp
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Moneyweb today. The small cap gems.
http://today.moneyweb.co.za/article?id=511209&acid=544awEI2280eZeuwhd4cWQ%3D%3D&adid=JMyKddZWQlceZeuwhd4cWQ%3D%3D&date=2015-09-15#.Vffom_lViko
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Today on Moneyweb. Perhaps I should sell my MTA and add to ADI.
http://today.moneyweb.co.za/article?id=510047&acid=544awEI2280eZeuwhd4cWQ%3D%3D&adid=NiHmapRV5zAeZeuwhd4cWQ%3D%3D&date=2015-09-14#.VfalgflVikp
I too hold MTA and quite frankly they seem to be going nowhere, but then I suppose they are doing better than my MSM (Massmart)
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Then again, Public Investment Corporation (PIC) bought 15,5% of MTA shares in issue some weeks back. This is after their huge loss with ABIL. Surely they must be wanting to regain some losses?
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Then again, Public Investment Corporation (PIC) bought 15,5% of MTA shares in issue some weeks back. This is after their huge loss with ABIL. Surely they must be wanting to regain some losses?
The same guys that put R3bill into CAMAC??
Nothing wrong with MTA - don't own them personally.
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I am in no way advising here but here is a showdown of some stocks compared to indexes.
TOPI 1 year -4.6% 2 year 13%
INDI 1 year +5% 2 year 27%
PGR 1 year 33% 2 year 145%
ADI 1 year 36% 2 year 210%
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A lot of people are saying ETF's should be the "core" of a portfolio - makes sense I guess, although would not work for me as I am chasing yield. I did have a thought this morning, what about instead of the ETF's, you replaced them with investment companies and conglomerates - so RMI, REMGRO, Bidvest, Brait, PSG ect.
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JDP holdings, my FYI. (Basically one year since entering market.)
STOCKS
| Share | Code | % of Equities |
| ADAPTIT | ADI | 4.81% |
| ASPEN | APN | 9.04% |
| RICHEMONT | CFR | 5.01% |
| CAPITEC | CPI | 8.19% |
| DBX USA | DBXUS | 5.10% |
| DBX WORLD | DBXWD | 4.76% |
| METAIR | MTA | 3.16% |
| MTN GROUP | MTN | 3.79% |
| NASPERS-N- | NPN | 6.05% |
| NOVUS | NVS | 0.59% |
| OLDMUTUAL | OML | 5.08% |
| PERGRIN | PGR | 4.16% |
| PROPXTEN | PTXTEN | 4.51% |
| STEINHOFF | SHF | 4.65% |
| SHOPRIT | SHP | 7.16% |
| SANTOVA | SNV | 5.00% |
| SASOL | SOL | 8.56% |
| SATRIX FINI | STXFIN | 4.69% |
| SATRIX INDI | STXIND | 4.92% |
| Cash | Cash | 0.76% |
* ADDS PGR, SHF, SNV
* DROPS ENX
* REBALANCE ON SOL
TFSA
SATRIX FINI STXFIN R5000 (Think of dropping, move to another EFT.)
PROPXTEN PTXTEN R10000
DBX WD DBXWD R10000
DBX EU DBXEU R5000
Funds:
Same old same old.
AG Balance Fund.
AG Provident Preservation Fund.
Nedgroup Global Feeder Fund. - Doing well.
Stanlib RA
Metropolitan RA.
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Are you invested in all of those? Including the funds?
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Well, that's .... ummm... good. Beating inflation is good I suppose.
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My portfolio. You can't be successful in all.
One year returns with no divies reinvested and I have not been in them for a full year.
ADI. +73%
PGR.+32%
CIL. +15%
MTA. -19% My oldest stock but only -5% since bought.
DIVTRX. +18%
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Yes i am. Started of with just funds years ago, move to Equities over the last year.
I have moved a lot of my capital out of the funds and into Equities, as much as I can, for now.
And yes I know its not the most successful of investments, but I have beaten inflation, without taken into account dividends. And taken into
account that I have only been doing this for a year, I am pleased, but not over the moon with my effort.
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If I can give advice from one newbie to another, you might want to whittle down the amount companies and ETFs you are invested in. Diversification is good but over diversification not so much. Right now I am only invested in 3 things but I will cap myself at 6-8 different stocks.
Just my 2c. You have been doing this a little longer than me so feel free to tell me to sod off ::)
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My portfolio. You can't be successful in all.
One year returns with no divies reinvested and I have not been in them for a full year.
ADI. +73%
PGR.+32%
CIL. +15%
MTA. -19% My oldest stock but only -5% since bought.
DIVTRX. +18%
I'll take 4 out of 5 any day. What is your % breakdown holding wise, and are you including divvies?
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JDP,
WHat did yoU bUy APN / NPN / SOL at?
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There have been many debates around diversification of a portfolio - some advocate limiting to 3 or 4 counters, whilst others have advocated a wide holding of counters.
The essence is what is your strategic imperative in your portfolio do you 1) just want to beat inflation 2) derive dividend streams 3) pursue growth 4) just keep your funds safe 4) create a nest egg for when you reach a certain age.
Your objectives around that portfolio need to be crisp and achievable and must have an end goal - mine is very simple - if I die ahead of my wife my portfolio will more than adequately replace the loss in pension she would suffer upon my death - even if she liquidated the entire portfolio and invested in a simple fixed deposit
My present portfolio has 22 counters in it and is spread across different sectors of the economy, and what it does for me may not necessarily work for others. Within the portfolio I have a DBX tracker fund (EU - not performing as expected) and a Satrix fund (Indi which is doing well). 66% of my portfolio is spread across foodstuff manufacturing, supermarkets, food and clothing, and a diversified conglomerate - I have 4% in resources and 3% in fund managers and about 4% in rats and mice and speculative shares, and 5% in Vodacom (this investment is set aside though for my wife so that she can replace her aged car when she needs to)
So my portfolio is structured to ensure that within one of the sector or even maybe in more than one sector I get growth whilst the others lag, due to constraints in the economy
So as you will note I am an advocate of diversification, but, will admit that over diversification can result in the difficulty of managing too many balls at once - what is over diversification well that's a personal issue, but presently I can manage my 22 counters comfortably - but that's because I can give my portfolio adequate time per day
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@jaDEB
APN : 39297 avg price, down 21.82% (my worst performing share)
NPN : 135012 avg price, up 50.56%
SOL : 47245 avg price, down 8.61%
just a fyi,
CPI : 28248 avg price, up 106.25% (my best performing share)
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@Patrick. I initially started off after my restructuring my portfolio some months back with:
50% in DIVTRX. This alone is diversified enough.
The rest is equal in proportion in ADI, CIL, MTA and PGR. This is only for alpha until I get too old to think. Then I would go 50/50 into STXIND and DIVTRX to make things easy for the wife.
And no, it does not include divies.