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The first 6 months of the 2016/17 financial year has been most profitable. My bank shares have recovered in price to the level where I have been taking some profits and selling covered call options. Banks shares are currently trading above consensus analyst forecasts. Utilities have been performing well following the Chinese bid for Duet Infrastructure.
In the last calendar year my portfolio has returned a gross 23% including dividends which has been the best performance for quite some time. Strong returns from PRG ANZ AST BOQ DUE GMA VIT and NAB where off set by losses from BHP and AMP.
I have increased my holdings in Programmed Maintenance after recent profit warning. Broker analysis remains positive with a projected EBITDA of $100m for 2017 somewhat below prior guidance.
I was disappointed in BOQ and l exited the trade with a small profit @ $11.15 and I expected the price to fall significantly ex div. I was looking to buy back below $10. Thanks to the panic over Trump I have been able to buy back in to BOQ near $10.00. I subsequently sold down my holdings at $11.50 and @ $12. I continue to hold 1000 BOQ which I bought @ $10.03.
Added ANZ bank to my portfolio, I have accumulated ANZ shares at levels below $25 and now hold a significant percentage of my portfolio in financials. Again I have sold down ANZ @ $30.
NAB has fallen behind ANZ in price. A risk of disappointment on revenue growth in the second half is affecting NAB despite higher dividend yield than ANZ. I have sold $30 covered calls over NAB.
I capitulated and sold my BHP holdings on the rebound above $17. This was my largest losing position in the last 12 months.
Speculative buy: proving to be a good income producer.
A sound investment. I had sold my holdings @ $2,61. I bought back in @ $2.16. Sold half my holdings @ $2.70 with a view to buy back below $2.50. I have now bought back and increased my holdings below $2.45. The $3 tentative takeover bid has boosted the price potential.
I bought into SKI @ $2.01 as the potential yield is over 7% at this price with very low risk of revenue weakness.
I exited TLS Ex Div @ $5.72 for a sound return Bought back in @ $5.30. Sold ex div $5.40. I continue to monitor TLS with a view to buy below $4.70.
I have bought into VIT on weakness in price. Takeover bid $2.25 has created a solid gain on this investment,
The two lines on these charts are linear regression moving averages. The short term line covers 21 periods and the medium term line covers 60 periods. I look for stocks to have an up bias in both the averages as well as last price above both averages.
My holdings are geared by a margin Loan to 4o% The loan is not negative geared as dividends are at least 200% of the interest charges. As a professional share trader I do not claim the capital gains concession. All shares are held as trading stock and marked to market and tax is paid each financial year on any and all trading profits.