Author: BULLy the BEAR

New news

By: La Papillion Hmm, I realised it’s been such a long while since I commented on the market or the announcement which I read daily from sgx website. I haven’t commented on such things since I stopped blogging daily. Hoho, to think that I once used to blog daily…where got time now? :) Today, several news caught my eyes as I was roaming through the announcement website. 1. Singtel announces the first-in-the-world landmark deal with major US studios, Disney ABC International TV, 20th century fox and Warner Bros International TV, which enables Singtel to screen over 50 top US...

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Liar’s Poker and Confessions of a Wall street analyst

By: La Papillion A few weeks ago, I was browsing books in the library as usual when two books caught my eyes – Liar’s Poker by Michael Lewis and Confessions of a Wall street analyst by Dan Reingold. I thought it was good fortune that had me borrow both books at the same time, because reading these books one after another brought me to a level of insight that reading them individually would not bring. Liar’s Poker is the more famous of the two. It talks about the story of a trader and bondsman who went through hell and...

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Into the pits of Mt.Doom, I threw Yongnam

By: La Papillion I sold off Yongnam shares yesterday, taking advantage of the 152 pt rise in DJ the night before to dump out all my holdings. I’m still holding Yongnam warrants still though. Those are really low cost and can be converted to yongnam should the situation becomes more favourable in the future. I’ll take my time on those. Irrational story I woke up in the morning, feeling that I seriously need to trim the weeds of my investment garden. I’ve always been toying around the idea that I have to throw off yongnam since I bought at...

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Personal finance

By: La Papillion On the advise of HH, I had started on this detailed tracking of my expenses and cash inflow at the start of this year. At first, the process seems very ‘xiong’, because everytime I spent a cent (including buying drinks/food and snacks), I’ll record it on my handphone. Towards the end of the day, I’ll record it on my excel spreadsheet. The spreadsheet have all the details broken down into food items, transportation, entertainment, bills, clothings and so on. The idea here is to figure out where am I in this struggle to reach financial independence....

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The Black Swan – Nassim Nicolas Taleb

By: La Papillion I have fond memories of this author – one of my favourites among the books I’ve read. I was hooked by his style of skeptical empiricism when I was introduced to his first book – ‘Fooled by Randomness’ – by serependity. The author will be glad that it is through a series of black swan event that lead me to his first book, and consequently, to his second book. Long time ago, my gf went to US for a conference on a paper she submitted. Man, in these conferences, there are people literally giving out books...

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Not so popular

By: La Papillion This is just a brief analysis of popular. Time is too short to analyse too much on a company that I think does not constitute a good business. The report comes from here. Turnover went up higher in FY08 than FY07, but gross profit doesn’t follow through. In fact, gross margin fell from 17.1% in FY07 to 15.3% FY08. However, net profit margin increased slightly from 2.9% to 3.1%. They mentioned that the increase in turnover was mainly attributed to their retail and distribution business, due to more outlets opened in Singapore and M’sia. Read...

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Fooled?

By: La Papillion I’m in a rather pensive and introspective mood these days. Such days are usually my most creative days too. I remember doing some artwork when my mood is at the worst, perhaps I’ll share with my shareholders here one day. I’m thinking a lot about the probability and chances since I’m in the midst of reading the book by Nassim Nicolas Taleb’s The Black Swan. Let me ask these 2 questions: Question A: 90% of residents living in Tanah Merah are rich. I live in Tanah Merah, so what’s the probability of me being rich? Question...

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The Bull Hunter – Dan Denning

By: La Papillion This book is very meaningful to me. I remember in 2006, me and a friend just went over to DBS building there to just open a DBS Vickers account together (but not joint). After some time, my friend bought this same book and passed it to me for reading. I browsed a bit and realized that this book is not ‘locally contexted’ and hence dismissed it, saying that it’s not suitable for Singapore. Who would have guessed that years later, in 2008, I was actually looking around in library for this book? I read and found...

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Singtel

By: La Papillion Business Singtel had significant operations in Singapore and Australia, through a wholly owned subsidiary of Singtel Optus. They are the second largest satellite operator in Asia pacific, with international network providing direct connections from Singapore to more than 100 countries. Singtel had major investment in telecommunications industry in Thailand, India, Philippines, Bangladesh, Indonesia and Pakistan, forming the largest multi-market mobile customer base in Asia outside of China. This is about the first time I saw a local company earnings billions in revenue and net profit after tax – truly an eye opener. Singtel is the leading...

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Vicom

By: La Papillion Vicom is Singapore’s leading provider in technical testing and inspection services. Listed in 1995, they have 4 business segments: Vehicle inspection business, vehicle assessment, commercial/industrial testing and other services. Vicom group consists of VICOM and JIC inspection centres, VICOM assessment centre (VAC) and SETSCO services. VICOM and JIC centre is a one stop inspection service provider. VAC provides a one-stop, post-accident service solution like towing, car rentals, assistance in accident reporting, claims filing, repairs and safety check through its IDAC. SETSCO is the non-vehicular and testing arm dealing with a range of industry. % of revenue—————————–04———–05————06————07...

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Bully the Bear 1st half FY08 results

La Papillion never fails to bring a smile to my face when he presents his annual or in this case his bi-annual results. I thought that his article – By: La Papillion Dear shareholders, I am pleased to announce the half year results of Bullythebear for the financial year ending 31st December, 2008. It was an exciting half year for Bullythebear, with the many changes to serve our shareholders better. There is a major change in the theme of the website, from the older blue/green background to the present black/red outlook. If the new look irked some shareholders, I...

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The Intelligent Investor Review

By: La Papillion I’ve finally finished reading The intelligent investor by Benjamin Graham, though I bought the book last year. Well, it’s going to be the first of my reading. I expect myself to re-read certain chapters again and again. Actually I thought I’ll never be able to finish. I don’t really fancy his rather arcane way of writing – a little to rigid for me, though his content is as interesting in the past as in the present. To force myself to finish reading, I actually borrowed the same book from the library. Having a dateline of 3...

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How I read a financial report

By: La Papillion I promised someone I’ll do tat hong. In fact, I did it very briefly and posted it in the cbox, but I think that person didn’t see it. Either way, May asked me to help out on reading tat hong’s financial report, so here I am. First of all, I confess my accounting knowledge is lacking. As such, there are certain things that I might not know or understand. I try my best. This is what I’ll look for: 1. Income statement a. Calculate gross margin, net margin b. Check to see if there’s any big...

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CSC review

By: La Papillion Today I trimmed off CSC from my portfolio, cutting out all my stake in it. It was a love-hate relationship. I bought it entirely on technicals, held it with speculative hope, thought I’m holding it for investment but sold it on a rational and businesslike manner. I believe CSC will have a splendid FY08, but I couldn’t care less anymore. This is simply a business that holds no place in my revamped portfolio. Read...

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Peter lynch’s checklist

By: La Papillion Here’s a checklist from Peter Lynch’s book, One up on wall street: Stocks in general: P/e ratio – is it low or high for this particular company and for similar companies in the same industry The percentage of institutional ownership Whether insiders are buying and whether the company itself is buying back its own shares. Both are positive signs The record of earnings growth to date and whether the earnings are sporadic or consistent (the only category where earnings may not be important are asset plays) Whether the company has a strong balance sheet or a...

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