In the beginning of the year, I have always wanted to review and reduce the holdings in my portfolio which is now currently at 13 companies. My intention is to identify the weak performers, flush them out and concentrate on those with quality fundamentals because it doesn't seem justifiable to spend the time and effort to monitor them.
Ascendas Hospitality Trust is one of those I have identified as weak performers and until today, I still think the management is not fundamentally strong enough that I can bet my money on to bring the company to greater heights.
I bought these shares during the IPO days at 88 cents and during these couple of years, I've received a fair amount of dividends, though they are still underwater at this point. Today, I have sold all 7 lots of AHT at a price of 68 cents.
In this post, I will just quickly touch on a few reasons ......