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Saturday, July 10, 2010

It’s raining day in Montreal – finally!

The hot heat of the summer? I just can’t stand it. And I can't stand no more having Sprott Canadian Equity Fund and Sprott Inc. (SII) in my investment portfolio.

As for now, I am working tomorrow at my weekend job, but not this upcoming Sunday. I was told there was going to be some work available again mid-August, so everything remains relatively stable. I am just happy that it’s raining this evening in Montreal. The last couple of days had been difficult because of the heat. Last year, summer wasn’t so hot. I probably won’t be working at my weekend job until mid-August. In the meantime, I might try to apply for jobs and see if I can find a little something. Other great news: I received a GST cheque of 95$.

Lately, I saw my non registered investment portfolio falling to 46 000$. With the gain of today, I am now closer to what my investment portfolio used to be. So I might be pretty close to the original 88 300$ and something I had back in June 21. I won’t be updating my investment portfolio; the gains are just not enough. And I have to say, come to a point where counting all of my pennies, without forgetting 1 cent, require some time and work that I am just not willing to give at this time.


Interesting things are going on for my investment portfolio!

Just Energy Income Fund (JE.UN) will become a corporation starting January 2010. Until that time, I hope you are enjoying – like me – Just Energy Income Fund very generous monthly dividend! Despite TSX volatility, Pengrowth Energy Trust (PGF.UN) close today session at an interesting 10.28$. My Premium Brands Holdings Corporation (PBH) had acquired 76% of company specialized in seafood products: Maximum Seafood. This company had an annual income of 56 million. This new addition to Premium Brands Holdings Corporation (PBH) is quite of great news right there. If you want my point of view, this company will bring stability to Premium Brands and it will help the company to maintain a good and reliable dividend. Because don’t forget, very soon, I will received from Premium Brands Holdings 58.80$ in dividend! Premium Brands Holdings had temporary suspend its DRIP. So I will probably receive this upcoming dividend payment in cash… AND YES, AT THIS TIME, I NEED CASH. I WANT CASH. I don’t know too much of what Eric Sprott, manager of the now unfamous Sprott Canadian Equity Fund is doing those days, but seem like he had his eyes if not on the Dividend Girl, on wind power. Talking about wind power, my precious Hanwei Energy Services (HE) is seriously getting in the deep red. In 2009, Hanwei Energy Services (HE) had lost more than 66 millions. Currently, Hanwei Energy Services (HE) is at 30 cents. I still own stocks of Hanwei Energy Services (HE), I am not giving up on the company yet. Just like Timminco (TIM), Hanwei Energy Services (HE) had been badly hurt by the 2008 stock crash. Since that time, Hanwei Energy Services (HE), back than at 2$ per stock, had lost a lot in value. From 2$ per stock to 30 cents – such losses hurt both employees of HE and investors, like myself. Because I am an investor right lol. Anyhow, I am staying behind Hanwei Energy Services (HE) just like I am staying behind Timminco (TIM). Because yes, I still hold Timminco (TIM) in my portfolio. I am still believing in those 2 companies. Both are great, are in great sectors. Hanwei Energy Services is in the energy wind power sector and had activities in China. China, wind energy, etc… isn’t suppose to be a perfect position for a company? Maybe Hanwei Energy Services (HE) is suffering form a lack of growing opportunities because of the worldwide recession. Who knows? I am certainly not a specialist and I do not know why Hanwei Energy had slide from 2$ per stock to a tinny 30 cents. But I still hold in date of today. I had received not too long ago the consolidated financial statements of Hanwei. I had bring it in my purse but never had time to read it yet or should I say I never took the time to read it, just like for all of the financial statements I had received so far. I took a quick lot at some of them but that’s really all. Anyhow, seem like I will be able to spend my upcoming weekends at reading financial statements lol. You know, like getting something like an education out of it. I like most of the companies I hold and I am doing great with my dividend. And Just Energy Income Fund (JE.UN) is very awesome, don’t you think so?

Other than this I plan to be more active on HubPages and on my blog because I am very close to hit a magic 100$ payout. That will be the second one for this year. I don’t mind making an extra 100$ every 6 months or so from a hobby. I can definitively earn more, I just need to write more. Writing in English is sometime not that easy for me, as I am French francophone from New Brunswick. But guess you already got that part.

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