緊接落三月的股災, 四月份最多人知道應該是大家發現原來油價是可以負錢的, 還有就是巴老把所有航空股票清倉。
二當家亦在4月份時做了幾個交易, 不過非常失敗。大市升番晒, 升到股災之前一樣。 有人睇好, 建議唔同政府對賭, 有人睇淡, 因為實體經濟真係差。人生交差點, 究竟 cask is king, 還是 stock is king?
疫情方面, 亞太區已經穩定落黎, 但係新加坡仲未搞掂, 手上 SG REIT 隻隻都跌25%以上, 希望 新加坡快D 可以減低疫情傳播。
另外開始業績期, 手上有幾隻 BOND 都好危, 最危係呢兩隻 FET (能源) 及 AMC (娛樂)。手上3隻 CEF 都未有 ROC, 繼續 let it run, 其中MMU 有D 低水, 可能會加少少注。第一季美企業績唔算太差, 估計第二季至係最難睇。
以反彈力度來說, 股票反彈強勁, 其他類別無乜點升。
|
|
Performance
|
Distribution
|
|
BOND
|
-21%
|
26%
|
|
CEF
|
-16%
|
6%
|
|
Preferred Stock
|
-16%
|
13%
|
|
SG REIT
|
-28%
|
15%
|
|
Stock
|
-4%
|
34%
|
|
REIT
|
-19%
|
6%
|
|
Grand Total
|
-15%
|
100%
|
YTD -15.4%
失敗的四月 trading 紀念
買入
SDS @ 24.4 - 諗住以小博大, short x2 S&P500, 諗住個市會回一回, 點知回都唔回, 唔好同政府美國對賭, 蝕住走
1883 @ 2.71 - 穩定現金流, long hold
2606 @44.5 - 低水物管, 博一線物管升完去升二線, 不過發現二線總有原因, 唔識升
MSFT @163.1 - 升是比較好的投資, 升勢中追入
賣出
SDS @23
SPY @ 24
1052 @4.53 - 一賣就飛天
1848 @ 6.46 - 一賣就飛天
1928 @ 30
5 @ 40
700 @ 374 - 一賣就飛天 😓
MDT @ 98 - 大當家減持
Top 10 holdings
|
Symbol
|
Description
|
Gain/Loss
|
|
CC 6 5/8 05/15/23 1AB4
|
CC 6 5/8 05/15/23
|
-6%
|
|
1238
|
POWERLONG REAL ESTATE HOLDIN
|
-2%
|
|
165
|
CHINA EVERBRIGHT LIMITED
|
-19%
|
|
2318
|
PING AN INSURANCE GROUP CO-H
|
9%
|
|
823
|
LINK REIT
|
-9%
|
|
9988
|
ALIBABA GROUP HOLDING LTD
|
-5%
|
|
AW9U
|
FIRST REAL ESTATE INVT TRUST
|
-24%
|
|
P40U
|
STARHILL GLOBAL REIT
|
-35%
|
|
BTOU
|
MANULIFE US REAL ESTATE INV
|
-28%
|
|
FFC
|
FLAHERTY & CRUMRINE PREFERRE
|
-10%
|
News
FET
Forum Energy Technologies, Inc has offered to purchase up to 80 Million USD of its outstanding 6.250% Senior Notes due 2021 through a Dutch Auction tender offer.
https://www.marketwatch.com/press-release/forum-energy-technologies-incannounces-commencement-of-tender-offer-and-consent-solicitation-2020-04-15?tesla=y
最後, FET 近日有回購債券計劃, 用一種 Dutch Auction 的型式進行, 上 WIKI 查過, 這個是一種「價低者得」既回購, 每 $1000 蚊面值既債, 公司定價用 $340~400 黎收回, 換句話說即係 3 ~ 4 折收回。回收量只係發行量既 5% 左右, 唔知間公司能否挨過 2021 年。
//A Dutch auction is one of several similar types of auctions for buying or selling goods.[1][2][3] Most commonly, it means an auction in which the auctioneer begins with a high asking price in the case of selling, and lowers it until some participant accepts the price, or it reaches a predetermined reserve price. //
| Title of Security | CUSIP Number | Principal Amount | Tender Cap | Early Tender | Total Consideration | |||||
| Outstanding(1) | Payment (2) | Acceptable Range (2) (3) | ||||||||
| 6.250% Senior Notes due 2021 | 34984V AB6 | $387,830,000 | $80,000,000 | $50.00 | $340.00 to $400.00 |
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