Author: Got Money, Got Honey!

Looking for the good stuff

This is just an update from my previous post about restarting my investment process. I have decided to use some screeners to help me do the quick and dirty work of narrowing down my watchlist. My parameters are quite simple: Dividend Yield is positive Net Profit Margin is positive Debt/Equity Ratio is under 200% I don’t think that I am asking for anything too extreme, narrow or niche. It shouldn’t be too unreasonable to expect the above 3 criteria for a stock, right? So anyway, here are the results: SGX Stock Facts Screener – 294 results Google Stock Screener...

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Investment Process Review

One of the first books I read was “Successful Investing is a Process” and come to think about it, I don’t think I have a very good process now. I feel that my investment process should be mechanical and unemotional, preventing me from being biased and irrational, and therefore making uncalculated mistakes that can be mitigated with risk management. By making certain tweaks and emphasizing certain factors, I can statistically improve my long run returns. The process has to logically work on paper and also has to be applicable in real life. But come to think of it, my...

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"It’s like a tax-cut for the world’s freight shippers…"

Sarcasm and wit to a point, ZH nails the crashing BDI again: Baltic Dry Index Hits New Record Low http://t.co/W0kRY0rxpp — zerohedge (@zerohedge) February 11, 2015 As I blogged about it earlier, a crashing BDI is a bad sign for the global economy. All that bullshit you hear on TV about lower oil prices equating to extra cash and margins for consumers and companies? Yeah, it’s bullshit. (probably) The market is schizophrenic and it can’t decide if lower oil is good or bad for the economy. Methinks: Slightly lower oil? Good for the economy. Crashing oil? Bad for the...

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C’mere Fishy Fishy…

POW, China Fishery got slammed down with the announcement of their Rights issue. They are doing a rights issue to have 4 shares sold at $0.173 for every 5 shares that you own. When I bought China Fishery a few months ago, one of the things that I highlighted was that the management were intending to redeem their senior notes. This rights issue is specifically for that. I am totally not surprised at this move that they are doing, so I find this “shock” by the market a bit strange actually. Perhaps the shock is due to the considerable...

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Dissecting the SGX Metal Companies

Are you ready for some noobish stock evaluations? Here we go! I stumbled upon this old post by SG Stocks Pick done back in 2012. It seems to be missing Nam Lee, so I’ll be adding it in and going through my thought process openly here as an open thought exercise for those curious to see. But sometimes when you look at all the stuff you have to go through, you get so lazy… Time to stop being lazy and do a more legit analysis like some of my more esteemed peers! Money is at stake here. MY MONEY!...

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Beautiful or Ugly? Be Careful!

One of the problems that I have an as investor is that I like really ugly, awful, shitty looking stuff. The worse something looks, the more excited I am about it. Clearly, there is something wrong with my wiring. Am I a psychopath? Quite possibly. However, I do understand the failings and short comings of my methods. The problem with looking at horrible looking companies and hoping for a turnaround is that…. a turnaround might never happen. I am not foolishly unaware. “Dumpster diving” strategies have a much higher total and complete failure rate. Not diversifying is making a...

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Baltic Dry Index, say what?

As ZH has been pointing out for a while, the Baltic Dry Index has been crashing recently and it is almost about to breach it’s historical low of 554 set all the way back in 1986. Why is this important? Well, according to Investopedia, the BDI has been a good leading indicator of global economic activity. The BDI crashing does not seem to go well with the narrative that “everything is awesome”. Bloomberg charts the BDI in case you are curious about it: At 559, it is pretty darn low. What does this mean for the rest of the...

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Did You Miss Me?

I was away the whole of last week having a holiday. It worked out pretty well I must say, after the 2nd day, any thoughts of work completely melted from my mind. I had a tough day trying to get back into my work groove! Anyway, now that I’m back, I’ll be busy settling back into the daily grind of having regular work. I’ll also be heading out to meet up with friends. I think seeing some of my holiday photos flood their social media jolted their memory that they haven’t seen me in a while. It’s always nice...

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Business Owner or Stock Owner?

Many many people confuse stock investing with gambling. “Sometimes it goes up, sometimes it goes down”. Many people also tell me that there are only 3 ways to get rich. Be born rich, own a business or work very hard. I have many friends that tell me they wish for the day to become business owners. They are working hard and saving up so that they one day can own and operate their own business and be their own boss. For me, I am more practical. I know many things about many businesses. Heck, I went to business school....

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What to Buy, When to Buy?

I read this interesting article regarding TA that inspired me to write this post. Today, I am sharing my logic when it comes to my investment process. I believe that both Fundamental Analysis (FA) and Technical Analysis (TA) are important. As the title suggest, FA helps me decide what to buy, while TA helps me decide when to buy it. Using FA, I have tried to filter out all the nonsense from the entire SGX landscape. Personally, I will never invest money into a company that does not pay dividends. Stop, don’t criticize first. I do not exclude companies...

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Mancrush on Yanis Varoufakis

Since he has been rocketed into the limelight suddenly, I think I have a very strong liking to the new Greek Finance Minister.   “The problem of insolvency for 5 years has been dealt with as a problem of illiquidity.” I think he took on this interview in a fantastic manner, even with the interviewer cutting him off, simplifying and reducing this statements and also addressing him in very condescending tones. It’s not to say that I agree with the solutions and measures that he is proposing because I honestly do not know enough of the background story yet....

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[STI Statistics] January 2015

Hi all, this is my monthly post analyzing the STI. As of 31 January 2015 STI Closing Value: 3391.20 P/E Ratio: 13.79 P/B Ratio: 1.36 Monthly Data Series from 2008 Mean P/E: 12.20 P/E Standard Deviation: 3.18 Mean P/B: 1.47 P/B Standard Deviation: 0.21 % of time when the STI is cheaper based on P/E: 69.16% % of time when the STI is cheaper based on P/B: 30.02% Comments The P/E and P/B ratios are still telling conflicting stories about the index. The STI does not look significantly cheap nor expensive by any historical measure Considering how the index...

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Bad Business, Bad Investment?

As mentioned before, a good business can be a bad investment. However, what about a bad business, bad investment? The other day, I was at Takashimaya with my friends. While walking around, I saw this ATM machine! The interesting thing about this ATM machine is that there was a guy standing beside the machine explaining to people how it works. To be clear, I own precious metals and I think that precious metals should be in everyone’s portfolio as an insurance, and above and beyond that token amount, it can be an investment if you find it attractive. However,...

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Good Business, Bad Investment?

Many people think that stocks are just alphanumeric digits that randomly go up and down. They tend to forget that behind every stock is a business. Anyway, guess who I am talking about? Clue: Credits: Me SHAKE SHACK!! When I stayed in Brooklyn for 2 weeks, I think I ate Shack Shake like 4 times. I would have eaten it more if I had the chance, but the queues and select locations didn’t make it possible for me to enjoy those mouthfuls of heaven. They have a few locations around Manhattan, they have long queues (think llao llao kind...

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Extreme Trading Idea?

Tiho at A Short Side of Long is my personal man-crush for being one of the most astute value investors that I know of, constantly flagging out extremes that could be the turning point of a major trend reversal. He spotted this extreme in the currency market that I think mean-reverters might be interested in taking a look at. And no, it is not the EUR/USD. The EUR has a very serious fundamental reasons why it is sinking and the tail risks are actually pretty fat in my opinion. The market that he has singled out is Australia. To...

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