Friday, April 10, 2015

Some sells and some thoughts $SU $ABX $GUD.TO

Hey Financial Freaks,

I haven't been much around lately. But it doesn't mean I don't think about you (I do).

I have been quite busy with contracts. If I want to keep investing and adding up to those dividends, one has to work, right?

You need to strike the iron while it's hot. Because the drought is long sometimes... And so goes life as a freelance.

Am I complaining ? Of course not. I love working from home. No boss, but clients. I can go for a run whenever I feel like it. And how about that coffee from home in the morning? Pure bliss.
I say : what are you waiting for?

Anyway, I haven't made any new buys meanwhile, well not since I bought some ATCO (ACO.X).

However, I did sell some shares.

I sold 20 shares of Suncor, one of my four main holdings, at 39.32$ for a total of 786.40$

This means that I also have to chop 22.40$ worth of dividends off my Passive Income.

My Passive Income total is now : 2917.64$

Am I going to cross that 3K$ mark one day? Fingers crossed...

As you are all aware, it's been kind of hectic in the oil industry lately. I decided I wanted to lower a little bit my stake in these companies.

Suncor was therefore the obvious choice with a weight of more than 6% of my portfolio. Besides, the share price was attractive for a sale.

Suncor is still in the big 4 of my portfolio. And it will remain like this for a while.

Those of you who hate Penny Stocks or Small-caps that dont't pay dividends will surely be happy to see that I sold 33% of my stake in Therapeutic Knights (GUD.to).

The share had a good 24% increased since my initial buy. I figure it would be wise to take a portion of my win and make it work elsewhere in dividend paying stocks. Not sure at the moment in which... With this long bull market I might prefer to keep more cash on hand.

So, I sold 50 shares of GUD.to at 8.21$ for a total of 410.50$

Oups...

I almost forgot to mention that I have sold 25 shares of Barrick Gold at 15.20$ for a total of 380.00$

This means that I also have to chop 5$ worth of dividends off my Passive Income.

Barrick Gold had the honour (or dishonour) to represent the stock I have put the more money in.

Ever.

I have kept putting money in every since it started going down and down and down... and still going down.

I have had enough of this stock, which has cut its dividend a couple of years ago. Where is the light at the end of the tunnel for this company?

It just introduced a new compensation program last year, but it still resulted in Executive Chairman John Thornton being paid $12.9 million. which is way more than in 2013! 

will be voting against Barrick Gold Corp's new executive compensation plan at the next annual meeting. 

Where is activist Bill Hackman when we need him?
Enough is enough.

At this point in time, only a few companies still interest me. ATCO, of course, Bank of Nova Scotia (BNS) and I'd be willing to increase my stake in Fortis (FTS) if the shares drops below 39$.

Time will tell. Time is honey, or is it?

How about you? Are you tired of this never-ending bull market? Can't you wait for these blue-chips companies to be cheap again?









2 comments:

  1. Interesting moves, MD.
    I dont blame you for taking profits in the penny stock and selling the ABX position. I am a bit surprised at the SU sell though. But considering it was 6% of your portfolio, thats may not be the worst move.

    Best wishes
    R2R

    ReplyDelete
  2. Het R2R,

    I know, I know... buy and hold, right? I'm still very much confident in SU. But I was a little overweight with this particular stock. I can live with a 10% weight for JNJ, but I wasn't confortable with owning that much Suncor. I had more than 300 shares at some point... Thanks for coming by.

    ReplyDelete

Thanks a lot for your comment.