FY2011 Investment May

I had restructered my portfolio abit to be more link to the upsurge of commoditity prices. However I let go of JJG, which was lucky as it was just before the sell-off. My investment temperement right now is not really in the right frame of mind now as I seem to be buying on the high side.

My portfolio changes -
1) I sold off most of my Talison in January around 6+ and bought back at 5+ and 4+ as the valuations was becoming streteched.
2) I also sold of Western Uranium (due to the Japanese Disaster).
3) I sold Lithium One at 1.66 in January and bought back at 1.3 and resold it at 1.79. I then bought back at 1.7, albeit a small quantity
4) I bought more of People's Food, Cerebos and added Stamford Land.
5) I also sold off Singholdings at 36 cents but bought back at 32 cents, also selling Hock Lian Seng as it had been rather long since they have new orders. Both counters I sold off after our Singapore Government introduced new stricter property rules. Eg. you can only loan 60% if you still have a housing loan.
6) I sold of Spindex as the company could not cope with the drop in USD exchange rate and it was likely to worsen. As of now USD/SGD has further dropped to 1.23.
7) I also sold of Super to take profit and valuations was getting expensive and trimmed down Boustead as the contracts was not coming in, and due to the write off at Libya.

Current May Portfolio
1 People Food
2 Talisum Lithium
3 Stamford Land
4 Visa
5 Cerebos Pacific
6 Boustead
7 APB
8 Lithium One
9 Sing Holdings
10 Hour Glass
11 SMRT
12 MTQ
13 Soup Res
14 Techcomp
15 Lee KT
16 TNR Gold
17 Celestial

YTD down by 8%. Invested 71% 29% cash.
There are a few things which I am still monitoring to put cash into good use as now cash is really rubbish. Commodiites will be interesting, however with the raising of margin limits to flush out speculators, there might be further drops. Lithium / Natural Gas / Industrial Conglomerate plays are looking promising.

And yes, for the very first time, my name appeared on the Annual Report of a listed company. This may or may not be a good thing, let's see how things play out :)