Mr. GICcc

[selkirk]

The portfolio is updated for June 27, 2005 and includes all dividends from April to June=$911.11

Dr.un $36.66, CM $136, BFC $78.549, Iur.un $117, CLC.un $118.37, TEK $40, Inco $12.35, ATP.un $100.09, Rei.un $52.50, D.un $219.60.

plus $170 off XIU trade and FDG.un credit.

the funds have not really done anything in fact both Saxon funds were basically flat.
will lose CM, but looking at writing (selling ) $70 P CM.

will add to the BNS dividend fund, and may buy the mawer small cap, may get rid of Saxon but will probably keep it for now. Mawer has greatly outperformed saxon, mainly due to oil/gas holdings.

terrible timming sold Rei.un and now over $1 higher just missed on buying it back by .10. Also bought DR.un at $13.70 just before they bought another hospital in the US.

after a successfull financing at $13.25 it is selling down to $12.90. the transaction look good, and add to distributions. still since have a loss will not dollar cost until it shows a profit.

Tek and Inco are both lower and have been volatile mining stocks. however since wrote the covered calls they are still at a small profit.

will lower cash position soon.

Portfolio
update June 27, 2005
start date april 16, 2002

Saxon small cap $5000 invested to buy 304.536 units.
$22.09X 316.68 units= $6995.4612

Saxon World Growth Fund 294.14
X 17.17= $5050.38

BNS Dividend Fund 110.764X $32.062 = $3551.315

200 BFI Canada Income Fund BFC.un$10.97 divs= $881.12 $26.64X200= $5328

Dundee Reit D.un divs = $219.99
400 shares X $27= $10800

500 IUR.un $10.25
500 X$11.34 =$5670

500 CLC.un bought $10.70 divs $78.91
500 X$13.62= $6810

CIBC $70X 200 shares =$ 14,000

CM July $70 Calls $1.55 (200X$1.55) = $310

Teck 100 shares $41.68= $4168

Teck Aug $44 Call $410 credit

Atp 400 shares X $10.78 =$4312

DR.un 400 X 12.90=$5160

2 CNR June $66 Puts ($1.10/$1.25)
200X $1.10 =$220

CM July $66P 2 contracts $1.85X200= $370 credit

Inco 100 shares @ $46.91 =$4691

Inco 1 call contract August $50 $425 credit

TD 2 P contracts $48 Oct .95 = $190
1 Aug Fdg.un $110 ($5.35/$6) $535 credit


costs = $396.17
cash = $16032.69

Total portfolio value= $92568.846

 

[selkirk]

an order for 200 PWT.un @ $29.35 =$5870

this oil income trust trades on Toronto and pays a dividend of .25 a month.
closed at $29.29 but may go higher today, I bought 400 shares myself avg. cost $29.20.

help to reduce the cash position.

thanks
selkirk

 

[selkirk]

trade is done, hit a low of $29.30 and closed at $29.40.

cash =$10,162.69

my cash will be put in an account that pays interest and can be withdrawn anytime. on $10,162.69 will make roughly $20.32 ...wow.....will go to costs.

thanks
selkirk

 

[selkirk]

may lose my Tek.sv.b, it getting to be the all cash portfolio

will sell 2 TEK.sv.b $44 P $1.90 $2.00 = $380 credit.

so I will sell (write) two put options on TEK.sv.b so on the hook for the stock at $44 until third friday in November.

the $380 will go to cash.

looks like I will lose Tek now at $47.90 and Inco at $52.

thanks
selkirk

 

[selkirk]

going to purchase $2000 more of BNS dividend fund, has done well lately and over 1yr. 3yr..

will use todays closing price.

thanks
selkirk

 

[selkirk]

bought $2000 more of BNS dividend fund at $33.013, also updated the march, June Dividend .1183/$30.627, .0498/$31.817.

CM July $70 option was excercised so lost CM so have $14,000 in cash.

CM July $66p and CNR June both expired worthless.

will buy more later this week to reduce cash position.

thanks
selkirk

Portfolio
update June 27, 2005
start date april 16, 2002

Saxon small cap $5000 invested to buy 304.536 units.
$22.09X 316.68 units= $6995.4612

Saxon World Growth Fund 294.14
X 17.17= $5050.38

BNS Dividend Fund 171.947X $33.013 = $5676.487

200 BFI Canada Income Fund BFC.un$10.97 divs= $881.12 $26.64X200= $5328

Dundee Reit D.un divs = $219.99
400 shares X $27= $10800

500 IUR.un $10.25
500 X$11.34 =$5670

500 CLC.un bought $10.70 divs $78.91
500 X$13.62= $6810

Teck 100 shares $41.68= $4168

Teck Aug $44 Call $410 credit

Atp 400 shares X $10.78 =$4312

DR.un 400 X 12.90=$5160

Inco 100 shares @ $46.91 =$4691

Inco 1 call contract August $50 $425 credit

TD 2 P contracts $48 Oct .95 = $190
1 Aug Fdg.un $110 ($5.35/$6) $535 credit


costs = $396.17
cash = $28412.69

Total portfolio value= $92568.846

 

[selkirk]

okay did this trade yesterday and will include it in the mr.gic

buy 100 shares of cnq $54.51 = $5451

sell 1 covered call Feb $54= $6.05 credit $605

basically trying to earn a decent rate on my money. have to sell the stock at $54 in feb.

buy 200 slf $45 will put in an order to buy 200 shares of Sunlife at $45, was going to do this at $42, buy waiting cost me money.

SLF, or MFC wanted one of them in the portfolio.

thanks
selkirk

 

[selkirk]

buying 400 shares of eee.un @ $13.49 (close)

this is an oil/gas trust trades on Toronto it yields 12.45%, .14 cent monthly div.

latest results were okay but expect much better in the second half of the year and the payout ratio should fall.

main risk if oil and gas tank will lose money on the play.
would considering buying more of pwt.un however that has risen to $33.39 up from $29.35. now only yield just over 9%, so go with higher yield.

smaller trust than pwt.un but good management and prospects.

hope for a 10% return.

thanks
selkirk

 

[infinii]

Thanks for the updates. That BNS Div fund is doing well, I should buy more later this year. Just put an order in for SLF

 

[selkirk]

agree infinii BNS div fund is a great fund. a no load fund a major bank offers low mer of 1.19, low min $500, additional investments of $50. make this a great investment for investors just starting out or one who wants a well run fund geared to the financials.

top holdings. TD bank, RY bank, MFC, BMO, CIBC Yikes but will come back, ECA, POW great company would prefer Great west or investors no holding company discount anymore still who is going poor holding power corp????, Great West (well run Canada and US operations, MFC, SLF Great West are my Cdn. insurance plays.), TRP over 4% yield seems rich but will be growth in pipelines.

1yr 24.4 3yr. 16.9% and if you owned it since 92 the start you averaged 12.8%. a good solid return.

also own the TD monthly div fund 20%yr., there are many good dividend funds the banks offer in cdn. they seem to do well, Bmo, TD, CIBC, Royal have all good funds...maybe missing some, still would rate BNS div at the top due to recent and long term performance and a low mer.

SLF, MFC, TD, Great West are companies worth watching and at times building a position in, own SLF, MFC (have puts written on it), and TD puts written, and own a postion at $56 believe it hits $60 cdn by year end.


good luck
thanks
selkirk

 

[selkirk]

an order to buy 200 shares of ATP.un @ $10.35

yields 9.44%, had great numbers so will build up postion. volatile...

order good til the end of the week. would also consider CF.un, and maybe COU.un (still not sure on the company.) and not enough yield.

thanks
selkirk

 

[selkirk]

atp.un order did exprire, though the week later hit the $10.35.

selling two puts on Montreal IPS @ Nov $64 $1.90 = $380 credit.

$380 goes to cash, ipsco is a steel company that operates in the US and Canada. I do not care for steel stocks but this one is not that expensive and provides steel for the pipelines.

North America needs more pipelines and also the ones we have are old, old old, and need replaced.

if steel drops so do they but should help pipeline cushion the fall, also trades at a 7 PE and pays a div.

Cdn. steel stocks I trade Dofasco, Ipsco, Algoma (sometimes), would not buy stelco if someone gave me the money.

money goes to cash will update divs and portfolio in two weeks.

thanks
selkirk

 

[selkirk]

Inco N August $50 Calls expired a week ago, closed this week at $50.80 up .60 on Friday.

will write (sell) a covered call again on Inco Jan $52.50 (bid $2.85 ask $3) credit $285

the $285 goes to cash as always take the worse price for record purposes.

markets closed in Canada today, however thought would due this update based on Friday closing prices.

thanks
selkirk