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01-01-2013, 09:10 AM
2012 performance was surprisingly better than I had expected, and my expectations are generally low.
Portfolio return on equities using XIRR (and including dividends) = +35% against a +19.7% return on the STI, thereby outperforming by +15.3 percentage points.
From my historical records,
My 2011 Performance: -5%
2011 STI Performance: -17%
My 2010 Performance: +24.5%
2010 STI Performance: +10.1%
Businesses within my portfolio are growing steadily and I am monitoring them with close eye, as well as speaking to key executives on matters which I need clarification on.
Total dividends received for 2012 amounted to about $14,100, as I received MTQ dividends for 2012 purely in scrip. As a result of this, blended yield on my portfolio cost is 5.85%.
Assuming MTQ dividend was received in cash, total dividend would have been $16,300, and blended yield would have risen to 6.7%.
For 2013, I would expect steady growth and good FCF generation from the companies within my portfolio; and it was also an unfortunate thing that valuations and share prices rose steadily during the year, for it meant that I did not have a chance to deploy capital through most of 2012.
Expectations are for a -5% return for 2013 on my portfolio as I believe in mean reversion, and dividend yield should stand at around 6.7% to 7% assuming all dividends received in cash.
Portfolio return on equities using XIRR (and including dividends) = +35% against a +19.7% return on the STI, thereby outperforming by +15.3 percentage points.
From my historical records,
My 2011 Performance: -5%
2011 STI Performance: -17%
My 2010 Performance: +24.5%
2010 STI Performance: +10.1%
Businesses within my portfolio are growing steadily and I am monitoring them with close eye, as well as speaking to key executives on matters which I need clarification on.
Total dividends received for 2012 amounted to about $14,100, as I received MTQ dividends for 2012 purely in scrip. As a result of this, blended yield on my portfolio cost is 5.85%.
Assuming MTQ dividend was received in cash, total dividend would have been $16,300, and blended yield would have risen to 6.7%.
For 2013, I would expect steady growth and good FCF generation from the companies within my portfolio; and it was also an unfortunate thing that valuations and share prices rose steadily during the year, for it meant that I did not have a chance to deploy capital through most of 2012.
Expectations are for a -5% return for 2013 on my portfolio as I believe in mean reversion, and dividend yield should stand at around 6.7% to 7% assuming all dividends received in cash.
My Value Investing Blog: http://sgmusicwhiz.blogspot.com/
