Author: Marksman Investment Corner

Are Business Trusts bad?

Shockwaves are still reverberating from Asian Pay TV Trust’s crash down after announcing the large cut in their dividends. A lot of investors out there have steered clear of it and never bought into it in the first place; some others have bought in by acceptance of risk-for-reward either before or after the crash. I bought it in a past, and sold sometime soon after getting 1 quarter worth of dividends (net gain of $150 – I lost pocket change in capital loss). I recalled how it was in essence Macaquire passing on debt by marketing the IPO of...

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Cromwell European REIT – 38-for-100 Rights Issue (Part 2)

This article is a follow-up to my previous short write-up about Cromwell European REIT here. Cromwell European REIT’s proposed rights issues has been approved by ways of the EGM on 15 November 2018 (link to announcement here). (I’m kind of late to the game for this write-up). Summary 38-for-100 rights issue at 0.373 EUR per unit. Acquisition is Yield-accreditive (expecting about +20% to distributable income), but not DPU-accreditive (expecting about -12% DPU). Here is the indicative time-table for the rights issue:...

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What to take note of when investing in REITs – Part 2

This is a continuation of sharing what to look out for when investing in REIT from my previous article which you can access here. Readers of my blog will know that I am generally fond of REITs for their distribution payouts and preference for an income investing strategy, making them a popular component (and in some cases, predominantly so) of one’s portfolio. Previously I have discussed about the Property Sector, Gearing and Financing. In this article, I will talk about Weight Average Lease Expiry and Management. Weighted Average Lease Expiry (WALE)One of the key risk REITs face is vacancy...

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What to take note of when investing in REITs – Part 1

This is part 1 of a series that shares about what to look out for when investing in REITs. Readers of my blog will know that I am generally fond of REITs for their distribution payouts and preference for an income investing strategy, making them a popular component (and in some cases, predominantly so) of one’s portfolio. Here are some areas to look into when studying REITs to invest in. Property Portfolio / SectorREITs holds properties that could be industrial, logistic, hospitality, commercial and/or retail in nature. Some of the sector could be defensive in nature (Retail). Some of...

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HDB Chronicles – Short Sharing Session – Financing and Expenditure for the Renovation, Furniture and Furnishings

This article is part of a series that shares my journey to becoming a homeowner for the first time and will be among the final posting of the series. If you regularly follow up on HDB renovation articles on Facebook and other websites, you wmay come across the costing as well. It is known that the overall cost of just renovations and furnishings less furniture and appliances could easily hit SGD 50,000 or more (even more if you are going to hack walls and do more exotic work!). Readers of my blog may know through my posts that I...

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Cromwell European REIT – Recent Price performance and 38-for-100 Rights Issue

IntroductionCromwell European REIT (SGX: CNNU) is a SGX-listed REIT that holds a portfolio of largely Office Properties based in Europe. It had successfully IPO-ed on its second attempt to list towards end of after adjusting the portfolio and the offering. Its sponsor is Australia-listed Cromwell Property Group. It trades in EUR dollars (for people investing with CPF-OA, you can’t buy with CPF unless it’s priced in SGD). The trust issues distribution semi-annually and intends to issue 100% of distributable income till FY2019. DistributionIts maiden distribution for period of 30 November 2017 to 30 June 2018 (7 months instead of...

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How to rent your HDB Flat Bedrooms out

In a place where cost of living is going up especially when you have your own place and start your own family, it is always a good thing to gain increase in income to cope, and to make any future plans (retirement, family planning etc). Renting out your HDB Bedroom is one way to gain passive income. Steps to rent out your HDB Bedroom 1) Put up your ad or look for tenants who is looking for a place. You will want to advertise the good things your place has got to offer, and of course your asking rates....

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Portfolio Update – 3Q2018

A way overdue update (supposed to update end-September). Oops! Income Portfolio Counters Units Market Price (SGD) Overall Value based on market price (SGD) Allocation 1 Cromwell European REIT 1000 0.864 864 7.28% Growth Portfolio Counters Units Market Price (SGD) Overall Value based on market price (SGD) Allocation 2 Alliance Mineral Assets (AMAL) 50000 0.22 11000 92.72% Cash and other Assets Counters Units Market Price (SGD) Overall Value based on market price (SGD) Allocation 3 Warchest 1 0 0 0.00% Total SGD 11864 100.00% My stock holdings has taken a hammering, most notably my holdings in AMAL. Alliance Mineral Assets...

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Thoughts on REITs being negative to an economic system?

Readers of my blog likely knows I’m fond of REITs; they offer a place in income investing portfolios and I have a preference to regular realised gains as opposed to purely paper gain despite less sensitivity to the bull. In spite of the rising interest rate environment, I thought with the right screening and selection of REIT, an investor can still benefit just as much as buying stocks of companies. I come across Donovan’s post (link to his financial blog here, and the Facebook group here) in his Facebook group that kind of blew my mind as this line...

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The Credit Card Rebate Shootout – Part 2 – Big Ticket Items & Large Spendings / Benefits of Installment with OCBC Cashflo over Lump Sum

This is the second part of the credit card rebate shootout series, covering credit card selection that may augment your expenditure management. Previously Part 1 talks about choice of credit cards intended for regular everyday spendings. Credit Card can be a useful expense management tool, provided discipline is exercised in timely payment of the bill. It can even act to reduce effect of inflation on spending to some extent (through the rebates). Most households would come across major expenses for some big ticket items or large bills such as furnitures, insurances and so on. For this article, I explore...

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Portfolio Update – 2Q2018 (and some assorted updates)

In the blink of an eye, we have left the first half of 2018 behind and venture into the second half. Volatility and uncertainty litters the market and investors will need to tread carefully – but nevertheless, I believe there are hidden opportunities hidden in the market now which will appeal to the keen-eyed long-term / mid-term investors. Now, onto the Portfolio update for second quarter of 2018! Income Portfolio Market Price (SGD) Overall Value based on market price (SGD) Allocation Cromwell European REIT Growth Portfolio Market Price (SGD) Overall Value based on market price (SGD)...

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60-month Installment Payment Plan at Courts – a simple lesson in cashflow and expenditure management?

Recently I went to Courts to check out some furniture for my home. While browsing, I realise besides having shorter term installment payment plan (IPP) which comes free of charge, there is also the option of 60 month IPP. For a cabinet costing $899, there is a 60 month IPP option that lets you pay, wait for it… $39.95 a month. Whattt? Multiply this figure by 60 and you get $2397. One would be paying 167% more for the product overall. If you annualise this value, you are paying an extra 33.4% effective interest per year! This is even...

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Termination of High Speed Rail Project – Impact on stocks?

Recently, there has been news announcing Malaysia’s intention to terminate the High Speed Rail (HSR) project, with claims that this project does not financially benefit Malaysia at all. At the point of writing, this does not seem to be firm yet. To share some background, the Jurong area is seeing development for Jurong Lake District. The HSR project is a part of this plan, as Jurong East will be or would have been the site of the Singapore Terminus. This would allow people to get from Singapore to Kuala Lumper (and vice versa) in the span of 1.5 hours,...

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HDB Purchase Chronicles – Actual expenditure of flat purchase upfront

This article is part of a series that shares my journey to becoming a homeowner for the first time. Eventually there will be more article(s) that not only covers the actual cost on purchase upfront as in this article, but also the process of purchasing resale flat using the HDB Resale Portal, the recurring cost and renovation cost. In a few days’ time, I will finally become a homeowner! This month sees the usage of most of my CPF-OA balance as well as the cash for down-payment. Whelp, it looks like I will not be adding much (if any)...

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Reflections – My performance investing in Fraser Logistics and Industrial Trust

Recently, I sold away my (tiny) position in Fraser’s Logistics and Industrial Trust to free up more cash for my new home. I had bought 1000 units at IPO in June 2016 as a way to compound my gains from dividends and distributions earned from CMT and Cache. Subsequently I sold at $1.09, earning $258.5 in capital gain and dividends after subtracting commission, for a total return of 29.22%. Annualised, this is a solid 16.70% per annum. Due to the size of my purchase, commission fee has a more substantial effort on the overall gains. To show diluted effect of commission fees...

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