Skip to main content

Wounded by the Eagle

I currently hold about 55k EHT shares at an average price of 0.64.

DID SOMEONE SAY BURNT?

I was briefly down 10K USD. Then the stock price rallied to settle around 0.53 - 0.54 range, narrowing my losses.

Suffice to say, my track record on bargain hunting is not that erm illustrious.  To put it mildly. 

I remain hopeful on EHT.  The SSH selling appears to have stopped (for now).  It is clear that retail investors remain apprehensive on EHT.  And who could blame them? 

And I might have been deeper in the hole, had it not been for the fact that I recently bought a home, which necessitated having liquid cash on hand.  It is time to say goodbye to renting.  I am done paying someone else's mortgage. Well technically, the expected TOP is 2023. So there would be a few more years of renting.

All in all, it has been an eventful month. I re-entered HKLand at 5.46 and re-sold 5.69, booking another small gain of 800 USD.  I also sold off Keppel entirely at 6.92 netting a S$2.1k gain including dividends (annualized return of about 6.3%). 

I am going to have to burn some cash for stamp duty and the 25% downpayment.  So although I have in mind a couple of seemingly juicy targets to acquire in this market, it appears that these purchases would have to wait. 

SIGH. Totally not looking forward to get back into debt. Part of me thinks that a resale HDB would have been the more finanically prudent choice.  But then again, the other part thinks what's the point of slogging so miserably for FI if I can't even reward myself with a quality of life at the lower end of the middle class spectrum?

No prizes for guessing which part of me won the debate.  So here I come years and years of mortgage debt!  BRING IT ON.

Nothing makes you love your job more than a sudden mountain of debt foisted upon your shoulders.

Onwards to FI friends!


















Comments

  1. I bought EHT at 0.56 and recently cut loss at 0.53

    ReplyDelete
  2. uncertainty and question marks all over, I want to sleep well, not to worry about EHT everyday.

    ReplyDelete
  3. If you want to sleep well, don't trade shares.

    ReplyDelete
  4. my average price is .635 at 40000 share.. Will keep for long term.. not too worry short term paper loss.. I only worry about EHT if they have to cut DPU sharply in the next 2-3 years

    ReplyDelete
  5. I bought at $0.70. So you are all safer than me.

    ReplyDelete
  6. Based on their reported results so far, it seems the dividends would be quite close to IPO forecast. Of course we can't predict what might happen to QM, or indeed the REVPAR of their remaining hotels.

    Nothing ventured, nothing gained.

    EHT would either become a toxic dud, or my first double digit yielding REIT. *fingers crosssed*

    ReplyDelete

Post a Comment

Popular posts from this blog

Smoke, mirrors, bungalows and mistresses

People care way too much about a couple of colleagues fucking each other. The only people who should care this much are the aggrieved spouses and the family members who were hurt and embarrassed.  If you are not one of them, then shut the fuck up already. Who cares? The fact that they fucked or are still fucking doesn't affect you in the least bit. So quit the vomit-inducing moralizing.  But do you know what is detrimental to you, the hardworking taxpayer slogging 10-14 hours a day to make ends meet? 1)      That the Government apparently provides a special class of rental properties, one in which only a TINY TINY group of people may afford, in particular, those who can comfortably pay >20k a month in rent. Suffice to say, a real tiny and privileged bunch including people like, say, K Shanmugam and Vivian Balakrishnan. 2)      That the Government is happy to willy-nilly spend close to half a million tax dollars to make these properties "habitable".  Imagine renting out

As a Dividend Investor - I am having fun staying poor

Recently, there was a self-styled "master" who went around dissing dividend investing, saying things like REITS will chibaboom (his words not mine). Ironically, the master also invested into "growth stocks" like BABA and notably SE before its recent implosion.  Masterstrokes indeed. Dividend/income investors have borne the brunt of "have fun staying poor" taunts since the dawn of time.  Previously from the crypto bros and then from the growth investors. This is nothing new.  Every growth investor likes to talk about Tesla. But where are the ARK ETF investors? Where are the NIO bulls? Where are the BABA fanatics? Even a broken clock is right twice a day.   Good luck to those who retired on a portfolio of "growth stocks", hoping to spend 4% annually on an expected annualized portfolio growth rate of 10%.  Without dividends, one would have no choice but to liquidate part of the portfolio for meeting expenditures.  The damage done might never be reco

Is it finally the end of the tunnel for REITs

General Mood Market is expecting interest rates to hold after US CPI data came out on 14 November and pointed to softening prices across the board. Oil has also retreated nearly 20% since its recent peak in Sep 2023.  Are we finally reaching the end of the tunnel for battered REIT assets?  My gut tells me that we are at early stages of recovery although we may possibly still see a couple more rate hikes in 2024.  Nonetheless, barring further escalation of global military conflicts and an unmitigated collapse of the Chinese housing market, both of which seem unlikely but can never be completely ruled out, we may start to see a gradual recovery in DPU for REITs (as rental reversions go up but interest expenses stay constant or go down).    What I did in 2023 (Not to be construed as recommendations or investment advice.) Throughout 2023, I have continued to load up on REITs which (i feel) have:      i. Good sponsors (Capland, Frasers, Maple family)      ii. Comparatively lower gearing (be