Portfolio Update - 1Q2019

Howdy guys - looks like the first quarter of 2019 is finally done!

	Income Portfolio
	Counters	Units	Market Price (SGD)	Overall Value based on market price (SGD)	Allocation
1	Cromwell European REIT*	3000	0.7524	2257.20	20.19%
	Growth Portfolio
	Counters	Units	Market Price (SGD)	Overall Value based on market price (SGD)	Allocation
2	Alliance Minerals Assets (AMAL)	50000	0.177	8850	79.17%
	Cash and other Assets
	Counters	Units	Market Price (SGD)	Overall Value based on market price (SGD)	Allocation
3	Warchest	1	71	71	0.00%
	Total SGD			11178.20	100.00%

* Conversion done at 1 EUR = 1.52 SGD.

Nothing much going on with my portfolio to be honest, aside from the correction hitting Alliance Minerals Assets (SGX: 40F). Makes me think of the saying by Paul Samuelson:

“Investing should be more like watching paint dry or watching grass grow. If you want excitement, take $800 and go to Las Vegas.”

Can't say the same with the rest of the market though, what with Hyflux saga and all.



Alliance Minerals Assets Limited

While AMAL continuing to get hammered sucks, I believe that not only the company will be profitable this year, but also in the mid-term to long-term. I'm looking forward to the quarterly report expected in the month of April, which should well contrast with the previous quarter, owing to record production to start the month of January off with, re-commencing of drilling (a major factor in share price of mining companies), expected second offtake and more to come.

Cromwell European REIT

Cromwell European REIT (CEREIT) (SGX: CNNU) has done some good in recovering from low 0.4XX to its current price of 0.495 and is hanging around a bit within a few bids of this price even after going XD.

I got about SGD 71, which will go towards topping up the warchest (lol). At this point of time, the newly acquired properties have yet to make a contribution (otherwise I think I would be getting about SGD 90 or so?).

EUR to SGD has come down since the IPO and that contributed to reduced returns as well.

Only regret is not putting some more cash into the rights issue since I may have had good chance to get even more units. :P

In closing
 
It is still not the right time for me to pump significant amount of money into the market nor time to build up the warchest (short of random windfall(s) changing my plans or rights issues I guess).

I need to continue to prioritise re-building emergency funds and the wedding banquet. Paying all these off is slated to complete within first half of 2020, which is still a long way off.