Added M1

Added M1.

At $2.95 currently, PE 15, 6.3% dividend yield, its looks at fair value.  I am also cautiously optimistic that M1 will get its fair share of the smart nation project.  Personally I find the fears of the 4th Telco overplayed. Essentially I view M1's growth narrative optimistically and I still have faith in its economic moat over its current biz and market share. Hence I decided to add this to my portfolio.  Of courses, there are risks. I am taking a calculated risk.

My portfolio now comprise:

1. China Merchant Pacific
2. Naratel
3. TTJ
4. Sports Toto
6. Saizen
7. Accordia
8. IREIT Global
9. M1

Added IREIT Global

Added IREIT Global.

At 68c currently, with NAV over 72c, it looks undervalued. Rough calculation says that I am looking at a close to 9% dividend yield.  The properties are freehold with stable blue chip tenants and there is a new acquisition that is being funded by debt and rights issue, which would diversify the tenant mix, lowering is reliance on its single biggest tenant, and should boost yield slightly.  I find this narrative compelling enough and decided to add this to my portfolio.  Of courses, there are risks, such as currency which is significant. I am taking a calculated risk.

My portfolio now comprise:

1. China Merchant Pacific
2. Naratel
3. TTJ
4. Sports Toto
6. Saizen
7. Accordia
8. IREIT Global