Author: Sillyinvestor

Random thoughts: APTT and First Reit

A lot have been said about these 2 counters. I just want to share some findings that I think is not yet cover by bloggers (to my best knowledge) Let’s start with APTT: 1) With the new dividends of 1.2 cents, and assume Capex of 75 Mio and Interest and tax expenses to remain constant, APTT will have a buffer of 4 to 8 Mio after Dividends from their generated cash flow. Good, dividends more or less safe. 2) APTT growth if any, can only come from broadband. Pay TV in Taiwan is not exactly the same as Singapore....

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Random thoughts: 2018 work review- A midlife crisis

2018 is a difficult year for me. I will just talk about work in this post. This is the 4th year in my appointment. It is a difficult year as I have to manage many staff having issues at work. While I have genuinely tried to help all, I think only 2 turn out well. This is the worst year in terms of results, I think most of my staff have put in their best. To be honest, I do think with such bad records and having so many years into the job, I really need to take a...

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Random thoughts: Sickness

Is the holidays. I usually get very sick when the term break is here. The funny thing is, beyond the obvious physical discomfort, I actually feel more at peace. I could have guilt free and care free rest, and the people around me are more understanding. When I fell asleep with newspapers around the room, my wife just picked them up without nagging. When I slept and slept, it didnt feel like I am wasting time. When I brought my dad out for dinner, I had the most relaxing moments with my dad, soaking in the christmas atmosphere at...

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Random thoughts: Silly Inc Corporate updates

Dear Readers, It was stated last year the Silly Inc will no longer do half-yearly intern report, but so much has happened in Q3 that I, as the Chairman, find it necessary to give a update. First of all, the rule of diversification of that our counters in our portfolio should be around 5-10% by cost value is broken. The company accumulate Silverlake Axis prior to its strong Q1 report and the company itself now takes up almost 15% of the whole portfolio value. We still have about 50% of the portfolio in cash. Rationale for the accumulation is...

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Random thoughts: Moral?

Saw this at Facebook. Strike a chord. This is my comment to his Qn, |”so what do we do” —————————- I think the article is right but ignore the fact about moral development readiness of a child. Like learning, there is some rote learning at the beginning of mastery of  basic nummeracy etc. Hence, a child would need to be simply reinforced and reprimanded for act of goodness and selfishness at certain early stage of life, until they could understand I do good or evil simply because I want to and it is who I am. The only way...

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Random thoughts: Sarine Technology update

Not vested yet. I continue to read up on Sarine technology, or rather, more on Lab growth Diamond and synthetic diamond. I scuttlebutt at one local retailer, and ask if they sell lab growth Diamond. He told me they dun, but it can be already be found quite easily in Singapore market. He told me lab grown diamond will lose its shine after a long time as compared to natural diamond. Well, that is a good one because no one can verify long time now. He goes on to say they have buy back policy for diamond and there...

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Random thoughts: just random

U know this is just pure randomness in thoughts, just penning down thoughts that stick with me. U know, there is always this comparison with money and personality. And we always say we like to be treated well because we are kind of people like us, not because we are rich and powerful. It is said that if we are welcome because of money and our position, when we lose it ( maybe because of fire ) we will have a hard time adjusting because those who respect us because of our appointment will then treat us with cold...

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Random thoughts: Sarine Tech

This is not a analysis type of company prospecting. Just my loose thoughts and me writing it down to test my own understanding. Whe I am doing some loose readings and prospecting, a few companies not currently in my radar caught my attention. First and foremost is Sarine Tech. It is at almost 10 years low. It is not loss Making, has zero debt, gave good dividends, so what is the problem? There are 2 known big risks. First, no matter how good its techology is in the whole value chain of natural diamonds priduction, from planning to retail,...

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Random thoughts: My CPF decisions

When I first got my flat, there is no 20K buffer arrangement, I wipe out my OA. I didn’t keep a buffer of several thousands by investing it away, maybe because I am confident of the security of my job. My first decision in on the allocation of payment of OA to our mortgage. I wipe out my OA monthly contribution and my wife pay the balance. The rationale is my wife can stop working temporarily if she is pregnant or if she needs to take care of kids. When the HDB officer mention there insurance payable etc, I...

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Silverlake FY Results

This is short qualitative analysis. The bad: 1) The acquisition of the 3 Goh entities cause a drag on a otherwise would be decent recent. Q4 Gross profits would have been better, the 3 entities are loss making. They restated the FY 2017 to include the 3 entities for apple to apple comparison, but looking at past reports would let u see the results much clearer. The 3 entities are loss making in Q4 but overall makw close to 20 mio profits in the whole year. Without the 3, Silverlake would have a rather glowing report card, showing growth...

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Random thoughts: Dividend investing

Was having a chat with another blogger, and we talk about dividend investing. So some of the ideas I am sharing here is not mine alone. I don’t think he really mind as I think we agree broadly what is dividend investing. So, there are many ways. Let’s do case studies. These are the down the mountain case studies aka success examples. I shall not name who they are but I think bloggers know who I am referring to la. 1) yield at cost is ridiculously high. The stock that the investor is holding is a 10 baggers, so...

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Contrarian

How do u define contrarian investing? The most popular is buy when market is low and when there is blood on the street. But it is such common knowledge that I doubt it can be called contrarian, since by definition, it is about going against popular wisdom. Personally, being a contrarian would need one to be exposed to short term pain. I would think there is no such thing as contrarian investing. Its simply about convinction, which I lack. I have some success with companies that I bought when they are doing well and they continue to do well....

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Random thoughts: that elusive happiness?

A pupil once asked me about heaven and hell. I told that pupil heaven and hell is in the heart. When we are happy with ourselves, it is like paradise on earth, and vice versa. There are times when we look for the little pleasures to comfort ourselves. The easiest are material comforts. Think of food, spa, holiday etc. Some of the material comforts further bring about a sense of achievement or pride, such as car, poster photos on Facebook that show the most exotic tours, garnering record high likes. It is like killing 2 birds with 1 stone,...

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Raondom thoughts: Over attachment to results

We all like good results. Investors like growing earnings in the companies they invested in. As a teacher, I look for improvement too. But recently, I have make a strong mental effort to be not emotionally excited or disappointed with results. It helped me coped better. In fact, not only did the decoupling of expectation of results not cause a deterioration of motivation, it actually allowed me to push my pupils harder, without questioning myself so much. When a staff talk to me about the stress of producing results, I am.not too sure why I suddenly retorted ” I...

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Random thoughts: First shot, SIA engineering

Initiated position: Reasons: 1)Price at 5 year low 2)Yet, earning is improving. 3)Local earnings is weaker but SIA engineering strategy of forming joint ventures and alliances mean the earnings should be look at in totality. 4) Latest AR did not disclose number of D checks, but I believe the upswing should start next year, if they can keep their market share. 5) With ST engineering, I am buying into Singapore Aviation story, abeit its the support and service equation of the Aviation Story Valuation in terms of yield is fair, as SIA engineering has always trade around 5% yield....

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