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Market Uncle

Investing in gold, a worthwhile option?

September 20, 2009 by Market Uncle
As gold price rose past USD 1,000, there seems to be a renewed interest in investing in gold. I am pretty curious to find out whether this is a worthwhile adventure. USD quoted commodities As with many commodities such as crude oil, gold is quoted in USD. When USD depreciates against major world currencies, gold […]

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Investing in gold, a worthwhile option?

September 19, 2009 by Market Uncle
As gold price rose past USD 1,000, there seems to be a renewed interest in investing in gold. I am pretty curious to find out whether this is a worthwhile adventure. USD quoted commodities As with many commodities such as crude oil, gold is quoted in USD. When USD depreciates against major world currencies, gold […]

in Categories: Uncategorized

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Reinvested funds from SPC divestment in Thomson Medical Centre on 28th August 2009

September 7, 2009 by Market Uncle
Motivation I see potential in SPC and was prepared to hold on for the long term since I got it when the oil industry was in its doldrums. I was still hopeful that more than 10% of minority shareholders of SPC could hang on to their shares. Unfortunately, PetrolChina easily collected more than 90% of […]
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Reinvested funds from SPC divestment in Thomson Medical Centre on 28th August 2009

September 1, 2009 by Market Uncle
Motivation I see potential in SPC and was prepared to hold on for the long term since I got it when the oil industry was in its doldrums. I was still hopeful that more than 10% of minority shareholders of SPC could hang on to their shares. Unfortunately, PetrolChina easily collected more than 90% of […]

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Traded Tsit Wing for Food Junction on 28th August 2009

August 31, 2009 by Market Uncle
With this, I officially threw in the towel on Tsit Wing, making a meagre 8.5% (taking dividend into account) over 3 years. I could either continue to wait for their restructuring efforts to pay off (assuming they aren’t taken private successfully) or look somewhere. I chose the latter given the lack of visibility on how […]
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Traded Tsit Wing for Food Junction on 28th August 2009

August 29, 2009 by Market Uncle
With this, I officially threw in the towel on Tsit Wing, making a meagre 8.5% (taking dividend into account) over 3 years. I could either continue to wait for their restructuring efforts to pay off (assuming they aren’t taken private successfully) or look somewhere. I chose the latter given the lack of visibility on how […]

in Categories: Uncategorized

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I bought Super Coffeemix Manufacturing Ltd AGAIN on 13th August 2009

August 16, 2009 by Market Uncle
Rationale Super Coffeemix just announced its 2Q 2009 results which I deemed as encouraging (though not as superb without its fair value adjustments on its investment securities). Performance over the last several quarters The table below summarises its quarter performance: A few things to note: Operating profit seems to bottom out in 4Q 2008. Ignoring […]

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Condominiums – Opportunity or Trap

August 9, 2009 by Market Uncle
Upgrade or downgrade? I came across the following article in the 联合早报: 是享受还是受罪. It described someone nearing retirement who ‘upgraded’ to a condominium of 102 sqm and a new mortgage to pay off, by selling his fully paid up EA flat of 145 sqm. When enquired about his rationale, the simple answer was ” no […]

in Categories: Featured, Investing

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Condominiums – Opportunity or Trap

August 8, 2009 by Market Uncle
Upgrade or downgrade? I came across the following article in the 联合早报: 是享受还是受罪. It described someone nearing retirement who ‘upgraded’ to a condominium of 102 sqm and a new mortgage to pay off, by selling his fully paid up EA flat of 145 sqm. When enquired about his rationale, the simple answer was ” no […]
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First Ship Lease Trust – Back to Earth

July 29, 2009 by Market Uncle
2Q 2009 Results First Ship Lease Trust, FSLT announced its 2Q 2009 quarter results on 21st July, 2009. Forward DPU forecast came in at 1.5 USD cents, much lower than the 3.08 USD cents ever announced. Rather then feeling disappointed, I felt reassured of my investment instead. The forecast of 1.5 USD cents DPU was […]
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HDB Prices – Still so sticky?

July 17, 2009 by Market Uncle
In my earlier post on property prices in February this year, I shared my view on why I think there are still room for the prices to drop further. However, one waiting since then will be quite disappointed to note that the prices are still very sticky, especially HDB resale prices: (src: http://www.hdb.gov.sg/fi10/fi10201p.nsf/WPDis/Buying%20A%20Resale%20FlatStatistics%20-%20Resale%20Price%20Index?OpenDocument) High prices […]
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Downside to Value Investing?

June 22, 2009 by Market Uncle
The story The controlling shareholder, Wong’s Brothers, decided to delist Tsit Wing at an offer price of 27 SGD cents. The rationale behind the delist is due to poor interest in its stock (low market valuation that does not reflect its worth) and to facilitate restructuring by easing capital investment into the business as a […]

in Categories: Featured, Investing

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