Saturday, 25 January 2014

New Purchases - Ensco, Rogers & Target


While just about every stock was being beaten down on Friday, I took the opportunity to lower my cost basis for Target and Ensco. I also added shares of Rogers Communications, which is due for a dividend increase in February; I’m hoping for a cool 10%.

I wanted to add to my HCP position around the $36 mark, but shares shot up past $38 before I got the chance.

My transactions were as follows:

Ensco (ESV)
50 @ $51.33 +9.95 commission ($51.53)
Initial yield 5.8%
Increase in forward 12-month dividends: $150

Rogers (RCI.b)
65 @ $46.75 +9.95 commission ($46.90)
Initial yield 3.71%
Increase in forward 12-month dividends: $113.10

Target (TGT)
50 @ 58.30 +9.95 commission ($58.50)
Initial yield 2.94%
Increase in forward 12-month dividends: $86

My total dividends now stand at $5,821.30.

I was somewhat hesitant when it came to increasing my position in Target.  What convinced me was looking at the timing of some of my past purchases, which in the end turned out all right:

1. Buying shares in 2009 when the world as we know it was about to end.
2. Buying WAG when shares were hammered on news of the Alliance Boots deal.
3. Buying Tesco shortly after shares plunged 20%. 
4. Buying SNC Lavalin after the scandal broke.
5. Buying JPM during the London Whale incident.
6. Buying NSC and CSX when shares were hit hard due to lower coal volumes.
7. Buying Telus and Rogers when shares nose-dived on news of Verizon coming to Canada.

Needless to say, Target fits the bill. 

For our benefit, I hope there are more days like last Friday ahead of us. Happy hunting.

2 comments:

  1. Wow that's a nice batch of purchases. It appears we might get a correction here and I'm pretty excited about it. I'm thinking about grabbing a couple shares of either WMT, GE, or TGT next Monday. Would be nice to see another down day.

    Keep your eyes peeled for a HCP dividend increase. Should be coming next week.

    Have a great weekend!

    ReplyDelete
  2. Hey CI,

    If there's a 10% correction, I'm going to drive myself crazy deciding which stocks to buy. So I made a short list over the weekend to help guide me through the turmoil which I have been anxiously waiting for. The list is meant as guidance and is by no means set in stone.

    Always nice to hear from you.

    BAX: $62
    BP: $40
    CVX: $114
    HCP: $36
    OXY: $81
    TGT: $56
    UL: $36

    ReplyDelete