Portfolio Update – September 2018

Its a bloody month. The stock market has been hammered. But its ok, there are quite a few stocks that are bargains now. But not yet attractive enough for me to buy.

Let’s dive in to the current portfolio:

SymbolCompany NameAve PriceMkt PriceP/L %
SCCSemirara Mining29.509226.70-9.52%
CLICebu Landmasters4.85884.42-9.03%
FBSan Miguel Foods and Beverages62.189996.9055.81%

Year to date performance

Portfolio: +11.06%
PSEI: -14.96%

We are still ahead of the index. I am not particularly alarmed of what is happening to the stock market. We continue to receive dividends and these companies are great companies. There are nervousness with regards to the future of SCC because of the open pit mining. Foreigners are fleeing the blue chips because of inflation and the currency risk.

All these things shall pass. All these bad things happening in the world shall pass. And in the end, great businesses will still prevail and when people returned to their senses these companies’ values shall be re-evaluated.

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