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Market Uncle

Global Interest Rates and Foreign Currencies

February 12, 2009 by Market Uncle
Almost every month, there are news of some central banks in some corner of the earth slashing their interest rates to fight the ongoing credit and financial crisis. These came along with aggressively generous economic stimulus packages by various governments, drawn from reserves or borrowed from future generations. Theoretically, the potential amount of money flooding [...]

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First Ship Lease Trust 4Q 2008 results – Desperate measures in drastic times

January 23, 2009 by Market Uncle
4Q results at a glance First Ship Lease Trust posted its 4Q results today, 21st January 2009. DPU for 4Q will be USD 3.08 cents but will be cut to about USD 2.45 cents from 1Q 2009 onwards. i.e. Using last done price of 46.5 SGD cents and assuming 1.5 SGD to 1 USD, the [...]

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Digging a hole to fill another

January 10, 2009 by Market Uncle
It is said that the current financial crisis is the worse the world have seen since the last depression in the 1930. So it is not surprising that big problems requires big effort to deal with them. The problem then becomes even bigger in itself when the effort turns too drastic. The world greatest printing [...]

in Categories: Featured, Investing

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I bought Cambridge Industrial Trust … again on 12th December 2008

December 15, 2008 by Market Uncle
Update On 11th December 2008, after trading hours, Cambridge Industrial Trust announced their successful refinancing deal of 390m, 3 year tenor term loan at an effective interest rate of 6.6% per annum. Rationale Qualitative Assurance – fear allayed By 2009, many REITs would have hefty term loans due for refinance, Cambridge Industrial Trust is one [...]

in Categories: Shares and Derivatives

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Property vs Equity as an Investment

December 10, 2008 by Market Uncle
Rationale I happen to have chat with my former colleague on the investment merits of equity versus property, in the context of passive income as primary concern and capital returns being secondary. Under this context, an investment must be one that provides a stable cash flow, either from monthly rentals or dividend payouts. Property vs [...]

in Categories: Featured, Investing

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