Portfolio Transactions Update (Oct 2015)

Updates for my dividend portfolio for October 2015

I believe my analysis is still not comprehensive enough yet, looking to improve in the future. (I'm still doing my mini checklist for screening dividend stocks, left with 8, then maybe a final filter)

• Bought Silverlake Axis at 0.595
• Reasons
• Panic from that news about it being a fraudulent company recently
• At least from the update in their AGM, things looks fine and make sense (Rusmin covered it well here :) )
• Good business make sense, makes software for big banks like OCBC, CIMB, etc
• Price has hit a low of around 40 cents but has reversed and maintained at around 60 cents (probably waiting for the update from the independent auditor)
• Dividends has been increasing across the years
• Almost zero debt
• Small cap stock but there's plenty of upside
• Dividend yield at 6.55%, near the historical high dividend yield
• Need less REITs in my portfolio to balance (with a possible rate hike on Dec 2015, REITs might be badly hit, though might have a good discount ;) )

• Bought First REIT at 1.175
• Reasons 
• Panic from Lippo's announcement (but may or may not be true), brought it to a low for a nibble
• Fundamentals looking sound
• 100% occupancy consistently (healthcare, economy good or bad sure will get sick, sad that it only owns 2 nursing homes in Singapore, I prefer Parkway Health but no discount :( )
• Long lease expiry
• Interest Coverage more than 3x consistently
• Low cost of debt
• Gearing below 40%
• Good Sponsor
• Property yields are more or less maintained
• 6.85% dividend yield, around halfway of the dividend yield extremes
• PB Ratio of 1.54, close to the extreme of 0.99 low

That's all for now with my tiny bit of money, need to topup my warchest again :(

EDIT (I forgot to write it last night, too tired): On a side note, I didn't manage to get into Saizen after the news of it being sold at NAV to arbitrage, was aiming for 20-30% return by 1Q 2016 for it, but only had 5% left, so I didn't bother.