Author: Investmoolah

First Ship Lease trust (FSL Trust)

A few major developments has happened on FSL- one of it is the securing of three loans which in my opinion secures the survival of the trust. Refinancing Concerns- Cleared Mr. market has been concerned by the syndicated term loan FSL has. Due to the clause in the term loan, all bankers in the loan has to agree to an extension before it can be renewed after Dec 2017. However, FSL hit a road block when not all parties agreed to extending it; as a result the trust is under court protection and this has spooked investors. As of...

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What Twice taught me about Share Prices

This was a post I had pondered about writing since Dec 2017, but stopped short due to the fear of ridicule from the Investing community; but since Twice’s popularity has grown ever stronger. I shall take the plunge. So hope you all will “Likey” this post. For K-pop fans especially boys, no introductions is needed. For those not into K-pop, avid readers of investing, Twice is probably definitely the hottest (and loved by a certain gender) Korean girl group. Debuting in 2015, the group gained popularity in 2016 with their Single “TT”. In Oct 2017, they released “Twicetagram” and since then...

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New Portfoilo Addition: MTQ

I have bought 50,000 MTQ rights at $0.018 which can be exercised at $0.20. I intend to exercise and thus will be investing into MTQ at a price of $0.218. Background   MTQ is a relatively unknown in the investment community due to its small cap and that it is in the O&G support industry which is now unloved. MTQ has 2 core divisions – Oilfield Engineering and Engine Systems. Due to the recent downturn in the O&G space, the company has been burning cash and making losses. My investment thesis is simple- I am buying and hoping that...

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What Competition Commission Singapore should really be tackling instead of Uber/Grab Merger

Many of us are probably aware of Uber/Grab’s merger; some of us may also be aware of Competition Commission Singapore’s (CCS) decision to commence investigation into the merger on grounds of a “substantial lessening of competition”. It is good that CCS is attempting to preserve a competitive landscape for us consumers, however this whole episode raises one question. Before Uber and Grab arrival into Singapore Prior to the arrival of Uber and Grab, Singapore already had a taxi industry that competed intensively among themselves. Under the Public Transport Council (PTC) and LTA’s mandate, taxi companies were also forced to...

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What Competition Commission Singapore should really do for Uber/Grab Merger

Many of us are probably aware of Uber/Grab’s merger; some of us may also be aware of Competition Commission Singapore’s (CCS) decision to commence investigation into the merger on grounds of a “substantial lessening of competition”. It is good that CCS is attempting to preserve a competitive landscape for us consumers, however this whole episode raises one question. Before Uber and Grab arrival into Singapore Prior to the arrival of Uber and Grab, Singapore already had a taxi industry that was competing intensively among themselves. Under the Public Transport Council (PTC) and LTA’s mandate, taxi companies were also forced to...

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Why Singapore actually has a housing oversupply

At the start of 2015, I posted an observation on a forum that Singapore has a ratio of 4.14 people to housing units based on 2014’s population numbers. These numbers included foreign workers, students, maids etc. So how then did it fare now based on 2017’s stats? Here are the figures now ^HDB 2017 figure were based as of end March 2017, hence there is a slight underestimate *Data from HDB, URA and Singstats 2017 data As of 2017, this ratio has fallen to below 4. It shows housing supply in Singapore has increased (7.0%) at a much faster...

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Review of Starhub – Be Prepared for Another Reduction in Dividends

Starhub has revealed another terrible set of performance. This is because of the declining revenue in Mobile and PayTV segments, as a result, Starhub’s cashflow generated for the second half of the year has fallen to only $280 million. This can be seen using a comparsion of the cashflow statements of Q2 and Q4 of FY 2017. First Half of Starhub Cashflow Full Year of Starhub cash flow Declining Deterioration With zero1 coming on with its unlimited Data Plan at $30 per month, the arrival of virutal telecos are going to affect the profitability (in turn cashflow) of traditional telecos...

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Update on First Ship Lease Trust (FSL)

A few major developments has happened at FSL Trus . Hence, it is time that a review of FSL’s performance and financial strength be done to determine if the trust is still a viable investment. Recent Developments The recent sale of 3 ships (FSL Tokyo, FSL Santos & FSL Santos) was a major development. FSL is estimated to receive a cash proceed of 26 mil which will be used to lower their debts to 132 mil. Based on the past three quarters of financial results, the 3 ships have produced for the trust about US$2.2 mil in BBCE. Annualising...

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World Precision Machinery – Undervalued Gem or another "S-cheat"?

Shareholders of World Precision Machinery (WPM) have suffered a torrid time owning this company. Since 2013, shares of WPM have tumbled from a price of $0.40 to $0.196. That’s a decline of 51% (before accounting for dividends). What it does In one sentence: WPM makes metal stamping machines for hundreds of customers in China ranging from automotive plants to household appliances brands. Stamping machines are machines which bends/folds/presses metal sheets into the desired form required by the user. There are two types of machines manufactured by WPM – i) Conventional stamping machines and ii) High end stamping machines. Decline...

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Portfolio- Year end update

It has been a while since I last updated my portfolio; in fact I have made many transactions but was lazy to cover them. Short Term Punts Bought Sarine Tech at 0.94. Initially, I thought Sarine would be a good deal at 0.94 because it was a low leveraged company with strong cash flow. However, it seems its business condition is deteriorating and I was lucky to offload it at 0.95. DISA- A penny stock which I noticed trades in the range of 0.012-0.016. Purely speculative, bought 0.013 sold at 0.015. IPOs- This year I had been fairly lucky...

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Lesson on the Gift of Compounding: Save Young and Be Rich Sooner

Interest Compounding has a wonderful effect on our savings. When you start young and let compounding work its magic, achieving your retirement goal is very easy. This is why many financial bloggers including, yours truly, espouse on the importance of starting to save in the early stages of working life. Using Mathematics Regular readers of this blog will know of my penchant of relying on boring Mathematics to convince, so here comes the maths :) Two individuals, Alan and John, enters the workforce at 25. Knowing the effects of compounding by saving when young, Alan decides to set aside $10,000 yearly...

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3 Things People Forget to Consider when Investing in a Condominium Property

Recently, Channelnewsasia covered a topic asking whether Singapore’s private housing market is in a bubble. In it, a certain property firm’s “expert” was interviewed. One fact which made me interested is how annual rental yields of Condominiums in Singapore are now between 2.8% – 3.2%. Having been in the real estate and investing on my own, my perception is that these figures do not reflect the reality for investors buying a private property to rent out for investment purposes. In my opinion, it seems 3 significant expenses may have been forgotten/ignored by property investors when computing the rental yield: 1. Property Tax...

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How Much is ComfortDelgro Worth?

Challenged by Grab/Uber in the taxi segment, ComforDelgro (CDG) taxi’s segment has been hit hard and its taxi division has been suffering with declining profits. While others will focus heavily on CDG’s Taxi business, it is worth noting CDG is quite diversified across many sectors. So lets analysis CDG’s sector by sector and try to find the valuation of the group on a whole based on its projected profits. Public Transport Segment Almost everyone is familiar with this segment which involves SBS Transit running bus and train operations. Due to the industry overhaul by LTA, SBS transit is moving...

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Portfolio Update- Divestments and Seeking New Gems in a "Fairly Valued" Market

It has been a while since the last update of my stock portfolio. Th main reason is because I have made a few transactions over the months. Divestments Penguin Holdings – Sold all remaining 25,000 shares. This brought to the end of my infatuation with Penguin believing it was then riding on the oil boom in 2014 and being a low leverage company Ezion – Sold 24,000 shares at 0.26 however my CPF portion was not sold and now I have to await the debt talks before deciding. The irony is that I had sold off my Ezion shares...

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Saving $100,000 by 31

“How do I start to reach my financial goals?” “What must I invest in?” These are questions often asked as newcomers to the workforce embark on their goal to start saving for retirement. And the first steps to it is saving with a certain figure in mind. So how can one achieve this first financial milestone of saving, say their first $100,000? While many would think the ability to invest smartly is required to achieve this goal, the truth could not be any further. Its more about Saving Habits than Smart Investing In my view, if you have the...

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