Author: Investment Moats

How to calculate Vodafone Dividend $VOD

US folks seem to find it challenging to calculate international ADR’s dividend. The primary problem is that international stocks do not have uniformed dividends. Here I will show you how you can get the figures fast and accurate at 2 sites and also talk about the dividend sustainability of Vodafone. For international stocks they are usually made up of Interim dividend – smaller Final dividend – larger Special dividend – comes with the Final dividend if it’s a bountiful year NASDAQ For those who wants to review a stock’s dividend history, one useful site to get very accurate distribution...

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Why a simple low cost portfolio strategy is better in some cases

This blog discusses more on active management strategies. However, aside from honing and building the skill to manage an active portfolio, identifying individual stocks, when to sell and buy, a simple strategy for the average folk is what I hope to uncover. And in some situations, a passive investing strategy may be more applicable than stock picking an active portfolio. Andrew Hallam, of Millionaire Teacher fame, shared with us in this article on his fight with bone cancer at age 38 years old. Of particular interest is one of the main reasons he shifted to using a passive investing...

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Keeping Investing Simple and Portfolio Rebalancing

The approach to managing and growing your money should be in a way that caters to the kind of time you want to expense to grow it. If you are more passive about it, and would want it to grow with the general economy, a systematic approach to buy low and sell high could prove better than picking stocks. Many season market commentators including, Buffett, Munger and now even Ritholtz advocate building a portfolio of ETFs. The main reason to use this over unit trusts or mutual funds? Costs. Ritholtz provides in this article how to keep investing simple:...

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Will this time be different? $spy

We play this game knowing that we need to know the few known outcomes rather than then what are the outcome. Since mid 2009 we have been in a rally till now. This gives us about 3.5 years. Typical bulls are 4 years old and bear 1.5-2 years old. We should be cautious. I don’t subscribe to the thought that the past 2 major bear peak at the same place and go down to roughly the same place, this time it has to be the same. It may actually move side ways in a 20% down, 15% up, and...

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Telecom: The collapse of handset subsidies

An interesting read. The move by ofcom could be unprecedented, but Vodafone have been trying to reduce handset subsidies in Spain. This could perhaps push it. If they compete based on plans, cost matters. Telecom operators that struggle to differentiate would face issues. [Gigaom | Another blow for handset subsidies as UK regulator mulls price hike controls | Read...

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SATS–Dividends

Many have been interested in SATS on my Dividend Stock Tracker since it yields 9%. I decide to look at it again and see if that is sustainable. So is it sustainable? It looks like I make a mistake factoring in special dividends. To manage the expectations, it is better to exclude the special dividends if we conservative look at sustainability. the dividend yield fell to 3.8% if we take out special dividends. Here is a break down of the dividends versus the earnings and free cash flow per share. You can see that the Nov dividends are increasing...

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2012 Portfolio review and looking forward to 2013

I thought I will do a review as we close out 2012 and welcome 2013, sharing some personal thoughts, the portfolio, the blog and moving forward. Challenges This year have been a problem. So much so that you will see I have not been putting in quality posts: The health problem is getting worse Moving to a new project comes with reduced monetary benefits, which is hard to bear The need to clear my project management professional (PMP) certification takes up a lot of mental and physical resources PMP Certification For those who do have an interest in PMP...

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20 Singapore Dividend Smallcap for 2013

Track these 20 smallcap Singapore stocks and review their performance in 2013 As the year draw to a close, we welcome another year of investing. This year have been punctured by good gains and many are expecting 2013 to be a bear market. Well I am not sure if it will really happen but one thing I know is that we are still in the business of identifying good companies. This year I have been rather occupied mentally so I was not able to sit down and highlight some stocks. So I decide to do something special for 2013....

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Capital Allocation–A key competitive advantage (1)

One big lesson learnt this year is that while people see good management is important, it is not an economic moat by itself. The ability to create a management culture that provides continuity is a competitive advantage [read here]. But a bigger lesson is the importance of identifying management with great capital allocation skills. The skill to value acquisition and assets under management, divest and acquire at right prices, choose between leveraging debts or rights issue at the right time. For holding companies, REITs, business trusts and management based business, they have not much advantage other than whether they...

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How important is January to investing?

January statistically looks like a rather important month to take note. The January Barometer – As the S&P500 Goes in January, So Goes The Year. When the month of January records a gain, as measured by the S&P500 Index, history suggests that the rest of the year will serve as a benefactor, and finish in the black as well. Since 1950, this indicator has an incredible 88.7% accuracy ratio. This number also includes 2012, as January closed the month up 4.35% and the S&P500 is on pace to finish positive for the year. Down Januarys Serve as a Warning...

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David Rosenberg–In a 0 percent return environment, cash is NOT king

David Rosenberg is mostly known as a bear or a tilt towards being bearish in recent years. His recent tilt is not so much bearish but a 360 degrees shift from deflationist to yield whore. Recently he released a series of interesting charts for the year of 2013: Rosenberg is of the opinion that non financial corporate sectors are doing ok, which is a positive thing. There is a shift in the yield of equities versus medium term bonds so much so equities are yielding more than bonds. This probably one of the reasons equity looks a better value...

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Rent out HDB in Singapore and lease a house in Johor for lower cost of living

The cost of living is high in Singapore as attest by most Singaporeans. So what does some enterprising Singaporeans do? They rent out their HDB flats in Singapore for SGD $2000 – $3000. This amount equates to RM $5000 – $6000 They then rent a 2-3 room condo or apartment in Johor for RM $1000-$1300 The cost of living is lower in Malaysia and thus this arrangement may result in them having less stress at work or going into semi retirement mode There are certain considerations as well Everyone is waiting for MRT to Iskandar and Johor to be...

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David Kuo Interviews Huge Young

Motley Fool’s David Kuo, who would be here for the Value investing summit interviews long time Singapore expatriate Hugh Young, managing director of Aberdeen Asset Management on his experiences investing in Asia versus Europe. Aberdeen Asset Management is one unit trust house in Singapore which tells others of its value investing tilt. And it is likely due to the direction of Hugh Young. [Motley Fool | Look east before its too late | Transcript – requires login]  [Motley Fool | Look east before its too late | Podcast] It’s a very insightful interview I feel, because it touches on...

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Herbalife – A lesson in MLM Pyramid scheme by Bill Ackman $HLF

Hedge fund manager writes his thesis on why he is shorting Herbalife, a lifestyle products seller. Share price took a bloody nose dive in 1 week! This shows most of the time the market is being played based on sentiments. You can read his presentation slides here. It’s a pretty interesting read if you have the time. Some of the things covered: Why he thinks their product is a commodity As a value investor how does he hunt for that information Introducing the readers to MLM and Pyramid Scheme How much do distributers earned and how much they stand...

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Buffett could possibly be the biggest hypocrite of them all

The problem with Warren Buffett is that unlike many great investors, he decides to talk more to CNBC and other news agency. And recent interviews have shown his support for investing in US and US equities. Yet what he says and what he silently does are different things. Warren Buffett, who has been a cheerleader for U.S. stocks for quite some time, is dumping shares at an alarming rate. He recently complained of “disappointing performance” in dyed-in-the-wool American companies like Johnson & Johnson, Procter & Gamble, and Kraft Foods. In the latest filing for Buffett’s holding company Berkshire Hathaway,...

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