Author: CoryLogics

Cory Diary : Dividend Investing ( DPU – Dividend Per Unit )

Done some home work last weekend on Soilbuild Business Space Reit. Quick glanced through many of the quarterly reports while trying to decipher the recent results given by a few bloggers. Reason i am working on this is because of it’s high dividend yield and past quarters stability.There is mention about increasing absolute income for distribution and the annualized dividend is up. Occupancy fell and the current DPU is down 4.7%.I did found there’s a a share placement prior year for a property resulting the total units differ between the two reported quarters. To get us into the right...

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Cory Diary : NetWorth Logic

One of the most contentious argument in deriving Net Worth and skew most of our calculation is the Property and Loan, simply is the biggest ticket item for most people.Let’s use a scenario to prick the logic. If a multi-millionaire has a 5 Million apartment and has a monthly balance of zero after loan and spending whereas a 5K salary man owning a HDB with also outstanding loan has a saving of 100K. Does it make sense to say the HDB man has higher networth than a man who has a 5 Million apartment who has zero saving ?...

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Cory Diary : Macro-nomics – Where is my “Do” ?

Celebrated my wife’s 28th birthday over the weekend by having a nice dinner at Whitegrass. What caught our eye when choosing the restaurant was that the chef/owner Sam Aisbett trained in Quay and Tetsuya’s, which are our favourite fine dining restaurants in Sydney. The service & food were excellent and we even got to drop by the kitchen to speak to Sam himself! It’s not that this personal finance blog is about to become a food blog. It’s just more interesting for me to mention our other interests as well. Yes, we like to eat at fine dining restaurants...

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Cory Diary : The Cost of Money

If I am to earn $1000 in a week while he takes 13 weeks for the same absolute amount. We both earn same $1000 absolute amount in the world of Classical Relativity. In Special Relativity, he has aged 13 time faster than me. I am 13 times more efficient ! And Time is the Cost of Money. Let’s do an example from another perspective where I borrow $1000 instead. What’s the holding cost between 1 year and 13 years ? See table below using compounding logics. Years Borrow Interests Cost of Money 1  $1,000 3%  $30.00 13  $1,000 3%  $468.53...

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Cory Diary : Equity Dividends 2016 Q1

Equity Dividends Year 2005 2006 2007 2008 2009 Cumulative $2,494 $6,074 $9,365 $12,711 $20,109 Dividends YTD $2,494 $3,580 $3,291 $3,347 $7,398 Year 2010 2011 2012 2013 2014 Cumulative $31,096 $44,284 $56,880 $85821 $116,660 Dividends YTD $10,987 $13,188 $12,597 $28,940 $30,839 Year 2015 2016 Q1 Cumulative $147,829 $154,428 Dividends YTD $31,169 $6,600 Is a slow dividend quarter. Average out about S$2200 monthly. Came from a long way from Year 2005 a decade ago where monthly average is just S$208. Total dividends collected since 2005 is S$154,428. I know some one beats me in just one quarter so don’t laugh at...

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Cory Diary : Middle Age Crisis – do I have a plan ?

Remembered countless once running in the military with SBO, Helmet and Rifle. The run is like short 10 minutes but I swear is like forever. This is felt by most with varying fitness level. Reason being the pain to endure the gruelling training is agonizing. Time clicks at it slowest. After which when returned to bunk, an hour of rest time quickly past. Well I did feel good about my achievement after.Time flies very fast when we are enjoying life. Most will likely earn good salary between age 35-45. And this is the time where we feel the power...

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Cory Diary : 2016 Singapore Budget – The Intangible ?

Just went through the ST report on 2016 budgets. I find this year interesting. Ability to focus of the future especially the intangibles while taking some immediate necessity. I can see there is guts in the Minister and that’s what visionary leaders should be.KIDSTART PILOT PROGRAMME I thought this is excellent. Many a time is the environment that shape us therefore same with disadvantage kids. $20K per kid for 1000 is a relative small amount to pay if it can successfully uplift the bottoms. OBS IN CONEY ISLAND Another intangible program but important to groom future leaders of Singapore....

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Cory Diary : Trading Management

Each year I have roughly 20 stocks counters however I can conduct more than 150 trades annually. How do I keep track of expenses, trades, counters, dividends, corporate actions and remember all my plans ? The best way to do this is to design my own portfolio management that I am most comfortable with. There is also certain level of privacy on sensitive positions. I do not trust 3rd party tool or cloud things. Below is an example of how I do them. And the best way to do them is in Excel. This trades were done in 2015...

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Cory Diary : Is all about Inflation, Stupid !

According to mom ( http://stats.mom.gov.sg/ ) the gross monthly income from work is as follow. Gross Monthly Income From Work  Median Gross Monthly Income From Work (Including Employer CPF Contributions) of Full-Time Employed Residents Mid-Year 2006 2007 ​2008 2009 2010 2011 2012 2013 2014​ 2015   Levels ($) 2,449 2,543 2,897 2,927 3,000 3,249 3,480 3,705 3,770 3,949 The average annual increment compounding % probably roughly about 5.4%. Going to another website on Singapore CPI, the chart as below. Roughly 2.7%. Thanks to the tapering off in 2015-2016 due mainly I believe to the property curb and low oil price. It...

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Cory Diary : Burst Week helps my portfolio to hit XIRR YTD : 0.21%

For some unexplained reason, this week STI ended with about 200 Points up. This explains why one should try to avoid timing the market as the burst can evaporate away as fast as it comes. I hope it won’t but I am ok if it does as being just positive in returns are rare in recent times :)As I mentioned in my earlier article (do note the period), is one of the good time to buy stocks for future greater returns be it dividends or capital gains. There will always be the other reflection that challenge myself that it...

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Cory Diary : Retrenchment

Having worked many years in large corporation, retrenchment is not a new thing. This usually happens with Business consolidation aka Organization changes. Often it comes down to just poor business environment and need for more profitability. When tough calls come, someone has to be let go and we can roughly guess who will be though not with some uncertainty. Nevertheless the uneasiness is always there.Well to cut the story short, I got a cold call from my upper management just before Chinese New Year and quickly realised there has been a major re-organization. Fortunately to me, I have been...

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Cory Diary : Singtel Q3 FY16: Quarter ended 31 December 2015

Quick View of the Singtel ResultQ3FY16 EPS $0.0597. Stable Earning Results. If we annualized it over S$3.73 share price is 6.4% Earning Yield and a Potential 4.7% Dividend. Borrowing increased another Billion …(likely due to “certain bank loans of Trustwave, secured on the assets of Trustwave and shares in certain of its subsidiaries.”). Net debt gearing 26.6%. So not going to do deep dive. FCF decreased 13%( Higher working capital for customer acquisition & retention in Australia ) “A Battle Hardened Titanic” again showing quite decent results from it’s Region Wide Strategy. At a time of volatility in the world...

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Cory Diary : Fear is on Our Side

In the past, in order to be rich I need to be a Business man. Maybe professional fields like a doctor or a reputable lawyer, to retire comfortably. Bottom line is … not easy for majority of people. In today Singapore, a working employee can have a million dollar investable asset just on Salary alone if they save diligently, and work in a good institution or company. Is still not a walk in the park though but chances are they are much more such people today. This pose a big problem because commoners who are able to save that...

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Cory Diary : War chest

Even though Chinese Stock Market has been my primary concern in my earlier blog  ( link ) near end of last year. Never would I expect the Chinese Stocks to come down so fast and furious. Artificial brutal control do not work well in a capitalist market structure where there aren’t good fundamental to support it. Is a good thing that they removed the newly introduced circuit control as this can allow the market to quickly stabilize to the right sustainable level. Question will be what is the Right Level ? If we look at the Shang Hai Index...

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Cory Diary: Reading Frasers Centrepoint Trust Annual Report 2015

Just received the latest annual report this week. Taking some notes.Titled “SUSTAINING LONG-TERM GROWTH”. This tells me something or am I reading too much into it ? Financial Highlights Share price is below book value.  6.3% Yield. Less impacted by the poor retail environment. AEI Northpoint – 2nd largest mall in the portfolio will undergo AEI in phases over 18 months. There’s hint on possible acquisition of new assets in their sponsor’s portfolio. Nevertheless I look forward to the NPI number due to the AEI impact ! Occupancy and Expenses 84.2% occupancy in Bedok Point. Maybe they should sell...

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