TEL has an ex-div date of March 13 and a declared 116pesos/sh is enough to satisfy my curiosity and pocket. It was a fast turn of events where I was keen on getting TEL. AC and BDO expects to release 2013 results this week that may increase their current price. When we look back on their cash divi declaration last year, AC gave 2.40peso/sh semi-annual while BDO gave 0.30peso/sh per quarter. TEL on the other hand will give an intial 116peso/share (regular and special) while another ~66peso/share come August.
To have a better view, just an example at their current prices, if you have P100,000 budget:
AC @ 575/sh --> 174 shares*
BDO @ 84/sh --> 1,190 shares*
TEL @ 2800/sh --> 35 shares*
*-fees and other charges not applied for simplification, boardlot was not taken account as well
Total Cash Divi you'll get based on what I mentioned above:
AC = 835 pesos
BDO = 1,428 pesos
TEL = 6,370 pesos
Even if TEL is more expensive per share and difficult to average down, I guess the cash dividends that they give every year is enough to make you feel satisfied. TEL also is a leader and GLO is only its competition. It has good fundamentals and and FV of 3,200. Making this a long term compared to AC and BDO (which are both laggard now) is a good choice. I also consulted my peers and they seem to agree on what I'm thinking.
Also, I sold AC @ 4%, while BDO @ 8%. I held this since July (9 months) and averaged down whenever there's an opportunity.
Another stock I sold today was LTG @ 6%. This is my 4th time with Kapitan and I'm loving every trade I do with this stock.
Now my current port consists of TEL(-0.7%), PX(-3%) and the very stuck LCB (-13%).
I still have available budget and thinking of letting go LCB to have enough position when doing short term trading. I know it's hard to accept this -13% but I think I have improved my decision points ever since. And compared to PX, it has no significant price action and no catalyst that will excite other traders, not unless gold spikes to 1600/oz.
Other than that, below are my trade results (ave 4.5% gain).
I still need to improve my exit as very evident on URC and COSCO which both went up (URC all time high) when I thought that it was about to pull back. Entry levels were good as I chose oversold levels and signs of bouncing esp MACD is very evident. Watching the overall market trend helps however one stock which is LTG most of the time bucks the trend.
Since I also do not have much time doing the same format of my trend notes when I was starting, I guess I will be putting more emphasis on what I have done, what's on my mind and my watchlist.
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