Epic Streak : Mickey Mouse Opens Merry May [1 May till 31 May 2024]
1st of May was a Workers' Day market holiday, yet #38 Walt Disney was booted out of the portfolio in the New York trading session that night at a lower price of US$111.20 to attain 928 days successively, with Naim then sold a 12th time when the local market reopened on the 2nd & #41 BCB sold a 2nd time a third higher than the entry price on Friday the 3rd of May.
Superlon reached the half-century mark on Monday the 6th with a two-thirds exit of shares bought in 2019, giving way to a duo of Eversendai #33 & new 51st winner Kuchai on the 7th. Naim then retook the initiative with a 13th sale at $1.148 on the 8th.
Eversendai continued to barrel upwards, approaching 60c on the 9th & was sold at 58.8c for a hat3rick, then returned the baton to Kuchai on the 10th after OCBC Bank announced overnight a takeover bid for S'pore's listed insurer Great Eastern, in which the 51st scorer had a significant stake of 3,032,000 shares: they were sold a 2nd time for as low as $1.99 and as high as $2.19! #8 Naim then re-took the reins with a 14th sale from $1.15 to $1.17 on Monday the 13th:
Kuchai was disposed for a 3rd time on the 14th for $2.32, returning the baton to Eversendai on the 15th a day after it soared as high as 78c & was sold a 4th time above 60c:
On the afternoon I made a train trip to Kuala Lumpur to attend Tomei & PPB's shareholder meetings, rubber glove stocks soared incredibly on news of Biden's proposed 50% tariffs on Chinese glove exports & the next morning, I disposed of half of my long-trapped holding in glove bigwig Hartalega from 3.62 to 3.77 to clinch 52 winners, before #53 SKP Resources bagged 940 days consecutively on the 17th with a partial sale for an 8% return after earning one dividend:
Jeweler Tomei, whose shareholder meeting I attended the previous week, featured as new #54 on Monday 20th May while Naim reasserted itself the next day with a 15th sale at a 5-year high of $1.18. The Vesak Day market holiday fell on the 22nd, but the marathon made a forced march with a partial sale in Hong Kong of new #55 Kerry Properties on the 3rd ex-dividend day for a 5% capital gain & 943 days consecutively. Bright Packaging surged 20% unexpectedly on the same day & was pared for a 15% return on shares purchased over the past 3 years as winner #56 on the 23rd. A very rare trio of #16 TAS Offshore, #7 YTL Corp & #8 Naim were disposed again at 89c, $3.88 & $1.17 respectively to wrap up the week on Friday the 24th.
Sime Properties, 'stuck' since 2018 but paying many small dividends in the interim, exited on Monday the 27th for the 57th score before handing back to 51st score for a 4th & 5th round sale at $2.19 & $2.17 on the 28th & 29th respectively, further reducing the 2-year margin account outstanding interest & balance. Gravity defying #19 Tenaga continued to bulldoze the sellers & was sold a 6th time at $13.20 on the penultimate day of the month, leaving it to 17-time winner Naim to close out the month on the 31st with 950 consecutive days attained!
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