2020-06-05（香港凌晨時段）
賣出
Prudential Financial, Inc., 5.625% Junior Subordinated Notes due 8/15/2058
賣出價：27.2
成本價：24.9(不計派息）
賣出
Triton International Ltd., 8.00% Series B Cumul Red Perp Preference Shares
賣出價：25
成本價：24.95(不計派息）
賣出原因：
換出原因主要是持續啊壽之前提及的改動，買入電訊類別的ETD 換馬， PRS 已經差不多到相對高位沽出所有 持股，TRTN-B的母公司為Triton International Ltd 他是全球最大貨櫃租賃公司，提供五種類型的設備；乾散貨貨櫃、冷藏貨櫃、特種貨櫃、底盤和罐式貨櫃，擁有約4.8萬TEU集裝箱船隊。由於各國漸見“各自為政”趨勢，全球一體化效應看來漸漸減退，但啊壽認為未知於會完全鎖國經濟，畢竟各國仍有各自competitive advantage 競爭優勢特質，但仍然會以此作政治籌碼互相爭取有利條件，但為了小組合風險，先退走部分ETD , 保留TRTN-D 及 TRTN-C.
2020-06-05（香港凌晨時段及5/6凌晨時段）
買入 CTZ-Qwest Corporation, 6.625% Notes due 9/15/2055
買入價：24
買入原因：
CTL 不斷減債，啊壽會慢慢換馬到電訊類別ETD，以維持每月派息，現在手持現金（暫沒有Leverage）等待市況調整再買入。
見到你話會換馬到電訊類別ETD
回覆刪除想請教: 邊度搵ETD資料?
我主要係 http://quantumonline.com/
刪除我個download area有齊我用開既link
https://arshouinvest.blogspot.com/2020/04/download-area.html?m=1
Thanks
刪除Thanks for sharing. seen you have bought lots of ETDs related to Qwest Corporation recently. Is it because the other telecom ETDs are at high price right now?
回覆刪除Want to ask your views on Qwest Corporation to see if it's a safe company. I have also bought CTBB recently.
Based on the financial statements, the major liabilities are the Note payable - affiliate and senior notes. The free cash flow are more than sufficient to pay the interest and there was a redemption in Jan2020. It also has the backing from the parent company, CenturyLink, Inc. Overall, it seems to be financially sound.
Actually I am trimming down the proportion of ETD
回覆刪除Some company only have ETD no bond like TDS
CTL is a relatively good telecom and broadband company. Instead of bond I think ETD seems better than bond at this moment .Certainly the risk even higher as the duration even longer than Bond so the bond price even fluctuated .
But I guess the price will perform better than March as some investors have learnt a lesson from it when their fiscal results perform up to their expectation