Author: Got Money, Got Honey!

[SGX Portfolio] Thank You Mr. Hock Lian Seng!

Check out dem recent price moves in Hock Lian Seng! What’s going on here? Hmm, I’m not sure, so this is just me thinking outloud. Based on the SGX release of their Jul – Sep 2014 quarters results, we can pull out a bit of things. Net Asset Value is 27.4c. Current Market Value is 38c. This is a premium of 38% of their book value. Market Cap of HLS is based on the total number of shares being 509,978,991 shares, which gives its a Market Cap of about SGD$193.8 million. They have a very strong cash balance, which...

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Personal Dilemma on Properties

While surfing around the internet for news, I stumbled upon this article on CNA. In the article, it was stated that smaller shoebox units get typically higher yields of around 3%, while other types of private homes had yields between 2-3%. When I read that, I thought, gosh, owning an investment is huge investment to make, with lots of capital outlay and capital risk, not to mention all the extra work, for a paltry 3%! My previous research corroborates that investing in real estate through REITs securities has a better total return than physical residential real estate. Not to...

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Transportation Talks: COE and Public Transport

What made me think of this topic was stumbling upon an article about how Jakarta has the worst traffic in the world. This led me to read up on the Castrol Stop-Start Index, from which I produced this table: Within the Asian countries, we have the 2nd lowest Stop-Starts per car per year, coming in only behind Kuala Lumpur. We are better than all the other cities! Now, I don’t know about you, but when I travel to all these places, the advice I always get is, “Don’t underestimate the traffic of XXX”. Which is actually a very wise...

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How Important are Valutions? VERY (Part 2)

So yesterday I said that valuations are super important. Look what I read today from ZH. So apparently during the last crisis, LBO at multiples of 8-10X were considered very aggressive. Now half the market is trading over 11. Problem? Problem. I actually wrote about these elevated valuations back on 10 Jan 2015. I don’t want to be a crazy fearmonger, but I urge anyone that has equity holdings in the US to strongly look at their holdings and do an evaluation of them now. Are they valuations pretty stretched and well above their own long term average? Industry...

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How Important are Valutions? VERY

Just to reaffirm my stance, I believe that any underlying investment can be a good or bad one, and the determining factor of success or failure is the price that we pay for the said investment. If we buy it at good valuations, odds of success if greater. If we buy it at high valuations, odds of success is lower. Regardless of how good any investment is, I don’t believe we should sign a blank cheque for ownership of it. I was just reading this article by John Hussman from Hussman Funds and it again reminded me just why...

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Singapore’s Very Own P2P Lending

For a while now I’ve known that places like the US and UK has been having quite a strong and vibrant P2P lending scene. Essential, it’s about making private loans and earning an interest on it. Needless to say, this is very risky. Singapore has it’s own version and it is called MoolahSense. They are currently running a campaign to raise money for a media and design school planning to expand its operations. And no, I did not get paid at all to talk about them. I just think that this is a very cool idea. Even MAS thinks...

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SingFirst… er, no thanks

Maybe you think it is outright treason and I am a traitor to my people. Maybe I am a screwed up citizen, or my definition of a citizen is wrong. But I care enough that I am spending time to write down my thoughts. I think this SingFirst socialist welfare state is crap. That is my opinion. You can have your own opinion and write it on your very own blog, thank you. I think my position on capitalism is very firm. I’m all for welfare to help those that cannot help themselves because of the luck of the...

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Checking out the 3 Local Pawnbrokers

Here on the SGX, there are 3 pawnbrokers. ValueMax (VM), MaxiCash (MC) and MoneyMax (MM). I guess out of my huge list of stocks, these 3 fall into a very specific and distinct group which I can use to compare with each other, so I thought I’d start on these 3 stocks first. Should I eliminate any of these from my watchlist? Should I eliminate all of them? We shall find out together! OSK/DMG did a research on them mid last year, but I think I’ll be looking at their most recent financial statements and try to make a...

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Precious Metals for you?

I guess one of the things that people know about me is that I really like precious metals. I have to admit, valuations aside, there are some good fundamental reasons to own gold and silver. While the reasons above are mostly for Gold, much of the same can be said of Silver as well. People might debate which is the better investment now, gold or silver, but I think both investors will tell you that either way, you should have some precious metals in your portfolio. In a world where modern developed countries are having close to zero real...

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[Book Review] Our Iceberg is Melting by John Kotter

A while ago I did a book review of a booked titled “The Nature of Risk” by David X. Martin. This book follows a very similar style of story telling, weaving in important concepts into a simple story. Essentially this book tackles how to effectively implement changes. I imagine that it would be filed under management and motivation, but I think that the concepts can really be applied to all fields. The concepts is not directly applicable to investing. However, the concepts are applicable to our systems and processes that we use when investing. Are we set in our...

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Danger, Danger, High Voltage! Foolish or brave? Foolishly brave?

Here is a ridiculous video to represent the ridiculous situation we are in now. This post is from ZH, which has a very interesting Citigroup report: Why anyone would put their money in the US markets is completely beyond me anymore. I am definitely outright bearish at the US (and even Europe) stock markets right now. But I do understand that the stock market can be irrational for a very long time. Without even knowing anything and just looking at their valuation, you would imagine that earnings are being forecasted to fly through the roof. Are they? I have...

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Making A Less Than Noble Exit

Special thanks goes out to Felix for highlighting the report released by Iceberg Research. It was very easy to verify their actually pretty obvious findings. 2013 Annual report lists Yancoal’s recorded value at US$677,608,000. They only own 13% of the company. Bloomberg lists Yancoal’s ENTIRE market cap at AUD$99,420,000. Problem? Big problem. Is it a nonsense report? Maybe. Could the stock crash a lot lower from it’s current value? Maybe. I don’t want to find out. This is not something that I took into account when I purchased the stock, so I am running away from this with my...

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Kicking the Addiction, Going Cold Turkey

Today while I was showering, I came to a sudden realization. Earlier this evening I was out having a drink with a friend, talking about his new job and adjusting to the adult working life. He asked what did I do in free time and if I’m bored with my life, now that he doesn’t see me that often. Honestly, I never really thought about it in such a concise manner. I am busy meeting and hanging with friends and having a social life. The constant low buzz of investing and personal finance is perpetually in the background. I...

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My Watchlist, Step 1b

A week ago I mentioned that I am going to reboot my investment process. I found it messy and haphazard. I already took some time to go through a rudimentary screen. I’m surprised I wasn’t that lazy and managed to do that quite quick. Today, I combined the results of those 4 lists together to get one exhaustive list of the companies that apparently meet my criteria of: Dividend Yield is positive Net Profit Margin is positive Debt/Equity Ratio is under 200% I have decided to make it a public file, so it you want to take a look,...

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We all know when to Buy, but when do we Sell?

SMOL had a very interesting post today, and although it was directed at Value investors specifically, I think the scope has to be broader for me to have a more complete thought on this, which is why I decided to write a full post on this. Much of the financial media is focusing on Buying. Buy, buy, buy. Rarely you will hear people outspokenly say to sell. “What stock was that again Amanda? I’d buy anything that you, Kayla Tausche or Kelly Evans say” However, just like you need two hands to clap, you need to know how to...

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