I got really lucky with this exit position. I have been noticing a strong upward price action on SembCorp Marine (SGX: S51) for a few days now. And it seems to be related to an upgrade to a “buy” rating by Nomura and market speculation that it might be privatized. Honestly, I was happy for the share price to finally climb above my average purchase price. This is one of my Big 4 individual stock positions with heavy unrealized losses.
It was my first individual stock buy since returning to Singapore prior to the oil crisis and significant decline in oil price. I have held it for the longest time hoping for a profitable exit. I would have been happy for even a small profit and it’s finally happened! Haha, I have no idea other than speculative forces as to what’s driving the price upwards because the underlying business has yet to show sufficient improvement to justify that.
Summary of SembCorp Marine (SGX: S51) sell transaction in Jan 2018
Sale proceeds: S$13,000
Profit amount: S$300
Profit percentage: 2.31%
I know I still have three of my Big 4 individual stock positions with heavy unrealized losses left to worry about. I’m hoping that the bull market and economy improvement last long enough for me to exit them profitably. Not looking to be greedy here. Just want to rectify my stupid investing decisions.