How I suck at primary school math

A good friend of mine asked me to solve this primary 5 math problem for her. It goes like this:At a charity walk, 150 participants were adults. 1/3 of the children were boys. If 1/4 of the participants were girls, how many people were at the charity walk?Can I do it? Of course, but I've to use algebra. I managed to get it in the first try, maybe in less than 3 mins? But you and I know that primary … [Read more...]

How to apply for rights and what are the options?

Wow, sometimes I surprised myself by my older post.. I did a newbie guide's to shares long long time ago. Happened to click on it again and I saw that I had made a very detailed guide to apply for the rights, right down to which option to choose when pressing on the ATM! It's very useful for me because it's been a while since I last had a rights issue.So here we go, I attached the part that is … [Read more...]

Capital Mall Trust (CMT) bonds balloting results are out!

The balloting results are out for the Capital Mall Trust (CMT) bonds. The announcement is made here.Some comments:1. The balloting ratio of 1:1 means that everyone who applies will get some. Might not be all but at least you won't go empty handed.2. They are quite kind to small investors. Everyone who subscribed 2 to 10 lots will get 100% allocation. This means that if you apply for 8 lots, you'll … [Read more...]

Capital Mall Trust (CMT) bond issue timeline

I finally managed to get a digital copy of the prospectus for the Capital Mall trust bonds. Couldn't find it at MAS Opera site, as promised by them. Anyway, when I tried to get the bonds through internet banking, the prospectus are there for all to read.No mention of any early redemption or special step up interest. But again, the clauses inside the prospectus must have included something for them … [Read more...]

How to hack AIMS AMP Capital Industrial reit Rights Exercise

AIMS AMP capital industrial reit announced a rights exercise last Friday. It's a confusing 7 rights units  for every 40 shares of mother shares at a rights unit price of  $1.08. I can never understand how they derive these kind of strange numbers. Anyway, I'm interested to arbitrage on the rights issue and I'm sharing this on the point of view of someone who has no shares of aims at all … [Read more...]

DBS 4.7% preference shares redemption part 2

Seems like there's a lot more to say about the DBS 4.7% preference shares redemption. I've been a little unfair to DBS on this previous post here. From well informed friends (thanks cory and pero), I learnt that DBS actually exchange that preference shares with another one with higher payout and shorter tenor around Nov 2013. This is done because the older preference shares no longer qualify as … [Read more...]

DBS 4.7% preference shares redemption

I was alerted this morning by a notice from DBS to redeem the 4.7% preference shares. It's here. My first thoughts are that I haven't even got the interest yet from the preference shares and now they are redeeming it?! Upon closer examination, I realised that they are redeeming back another preference shares, one with the same coupon interest of 4.7% but not listed in mainboard SGX. This one … [Read more...]

Growing alfalfa sprouts

As you can see from my previous post on growing wheat grass, I'm starting to become a urban home gardener. It's the first step to take control of the things that we eat, which I believe will directly affect our health. There's a lot of advantages to growing your own produce. I think firstly, you'll be able to save a lot of money. After growing some wheat grass and alfalfa sprouts, I realised that … [Read more...]

CMT retail bonds

Capital Mall Trust (CMT) made an announcement today that they are going to issue retail bonds. The terms of the bonds are as follows:1. Years to maturity = 7 years2. Interest = 3.08% pa, paid semi-annually on 20th Aug and 20th Feb, starting this Aug3. Capital guaranteed if held till maturity since it is a bond4. Issue price is $1.00 and the par value is $1.00. Should be in board lot size of 1000 … [Read more...]

Clearing the clutter

Do you believe in clearing clutter?I do. And I've been procrastinating for years and today I've finally done it! The clutter had been there even before I've moved to my new house and had been lying there for another 2+ years before I finally can't take it anymore and went to settle all of them. Some of the documents go way back in 2010, so it had been lying there for 3 years!The clutter I had are … [Read more...]

Running yourself like a company – Cash flow analysis II

I think it's important to take a look at your cash flow pattern throughout a year, so that you can plan out a budget or simply have the cash ready for big payments in certain months. I know, nothing ever works according to plan, but knowing what will definitely happen and what can happen is the first step to navigating this world that is full of uncertainties.Certain category in my monthly cash … [Read more...]

Running yourself like a company – Cash flow analysis I

I've been running a series of posts on the theme of managing yourself like how you would run a company. There are three important financial statements to report to regulating authorities or to investors; these are the income statement, balance sheet and cash flow statement. I've already commented on the first two. The links for them are listed below:1. Running yourself like a company - income … [Read more...]

Running yourself like a company – Balance sheet

The next report to look at is the balance sheet. This shows how your liabilities are like against your assets, and also the breakdown of the liabilities and assets. The sum of your assets minus your liabilities will be the book value of a company. In terms of your personal balance sheet, this is known as your net worth. I know there are a million ways to calculate net worth, so it's up to you to … [Read more...]

Beware of percentages

On Saturday, I saw this newspaper clip on the Forum section of Straits Times, where readers write in to comment on issues. I put a copy here, with my own underlined paragraph: Click on it to enlarge. Taken from ST, 25/01/14 (my own underlined paragraph though) The author wrote that "total expenditure for social development (...) increased by 54.5% - much faster than the 31.5% … [Read more...]

The poor who commutes by public transport

We all heard about this ang moh Anton Casey who post in his facebook that people who took public transports are poor. Hmm, really?Well, for one thing, a Porsche (a car that he reportedly drives) cost around half a million. If I can save half a million dollars from buying that porsche and take public transport, wouldn't that make me half a million dollars richer? And why is he taking public … [Read more...]

Running yourself like a company – Income statements

You should run yourself like a company. There are certain beneficial practices in running a company that we can learn from. There are 3 important reports that can determine the state of the health of a company. These are the balance sheet, the cash flow statements and the income statements. A company needs to have these reports generated so that the managers and also the investors can have a look … [Read more...]

Wheatgrass: from seedlings to harvest

Not sure if you've heard of the benefits of drinking wheat grass. Apparently, it's good for the health, but of course there'll be naysayers who say that it's over-rated. Whatever the case, drinking it certainly won't cause harm, but might or might not have a good effect. Good risk-reward LOL!Anyway, I went to Katong flower shop near my place to look around for some Chinese new year flowers. Having … [Read more...]

The year 2013 in terms of books read

As per tradition, I always like to mark the year that had just passed by looking at the books I've read. Long time ago, I made myself a challenge that I would read 52 books a year - that's an equivalent of 1 book per week, regardless of length. I no longer do that, though I must admit that with the challenge, I did treat reading books with a lot more discipline and thus allocate more time towards … [Read more...]

13 things that happens when you don’t work a 9 to 5 job!

I saw this great article posted on facebook here that talks about the 13 things that happens when you don't work a 9 to 5 job (while others do). I found it totally relevant to me. For those looking to be self-liberated and join the ranks of the self employed, do check them out! 1. You learn that having the workday open is a solid foundation upon which to build friendships. You have a group of … [Read more...]

The musical chairs of investment

I saw this comment in one of my blog post recently. It goes like this "Bullion Invest - Invest $500 Return $350 daily for 50 days Program A: You will receive Receive 70% daily for 50 days for every deposit made to the Standard Program. You will get your principal back immediately after your investment term is expired.. Minimum spend is US$350 Program B Receive 200% daily for 20 days for … [Read more...]