Author: Marksman Investment Corner

Elite Commercial REIT IPO – Early look

Elite Commercial REIT (Elite CREIT) is likely to launch IPO next week. This will be the first pure-play UK-focused REIT to list in Singapore Exchange. What we know so far (based on The Edge Singapore’s report):Valuation of its portfolio is around GBP 320m.Its portfolio consists of 97 freehold properties all located in the UK. Of these, 25% of the properties (by rental income) are located in London (First tier city), with the remainder in second tier and third tier cities across UK. A search on the web gives some clarity (unable to verify this better on my end) on the definition...

Read More

What did I do with my savings plan in the end?

A long time ago, I wrote a couple of posts on thinking if I should be cancelling my savings plan on the belief that investing the money that I can get back, as well as the remaining premiums to be paid up till maturity, will pay off greater returns. These received substantial comments – a mixture of advice, encouragement and critique. You can access the articles here if you wish: Cancel my savings plan in pursuit of greater investment opportunities?Cancel my savings plan in pursuit of greater investment opportunities? (2) Today, I will revisit as I have gotten some...

Read More

Portfolio Update 4Q2019 / The Year-End Review

In the blink of an eye, 2019 4th quarter has come to an end and it’s time to usher in the year 2020. Setting new resolutions to meet for the year or years ahead, so as to meet targets ranging anywhere, in varying degree of magnitude. It could be investment goals, academic goals or just some other personal goals to become a better self or to fulfill one’s bucket list. For my blog, you know what each end of the quarter means – It’s time for another portfolio update! Portfolio 4Q2019Notes 1 – Based on EUR:SGD conversion of 1.5095...

Read More

And it’s a wrap! – Wedding Celebration Done (and some other minor updates)

Hey all! It’s been quite a while since my last update, hope everyone’s doing well! Wedding CelebrationI’m pleased to announce our traditional wedding and the wedding banquet is finally completed. Better yet, I am thankful we broke even. Being the main person to manage our finances, that was my biggest source of stress and worry for the past several months. Our families on both side, as well as our groomsmen and bridesmaid, also did a huge part in making the event a successful one, and I am really thankful for that. Wifey also did exceptionally marvelous in supporting to...

Read More

Portfolio Update 3Q2019 / Week 1 of October 2019

Hi guys, hope everyone’s doing well! 3 months flies by pretty quickly when one’s busy – now it’s time for a quarterly portfolio update. I’m also going to cheat a little here and add in transaction done for first week of October 2019 as well. Income Portfolio Market Price (SGD) Overall Value based on market price (SGD) Allocation Cromwell European REIT Prime US REIT Lendlease GCREIT Growth Portfolio Market Price (SGD) Overall Value based on...

Read More

Musing – Lowering yield on income stocks?

Recently I came across these terms reading this article by STE’s Stocks Investing Journey. As someone who is most comfortable with income investing, it struck a chord with me. And when someone thinks of income investing, S-REITs naturally comes to mind. At the present I feel the reputable S-REITs in general are too richly valued for my liking. Even if I were to have the extra resources to put into the market, I simply cannot see myself wanting to add positions at this price barring exceptional circumstances. (And this is also why Lendlease Global REIT IPO-ed at such a...

Read More

How In-Camp Trainings can help you financially

This one is dedicated to the boys! A lot of guys who went through their 2 years in full-time National Service (NSF) have to go through In-Camp Training (ICT) for reservist after ORD – I am no exception. I actually just finished an ICT this week, and it was a good opportunity to catch up with existing camp-mates or get to know new ones. The boys come from all walks of life. Naturally, you will have some camp-mates who does investment, trading, or otherwise have very useful snippets of information to share with you to give you a different...

Read More

Prime US REIT (SGX: OXMU) – Got my small parcel of IPO shares / Opening day performance

So balloting results for public offering of Prime US REIT (SGX: OXMU) is out since a few days back, everyone applied got something! And then they debuted at 2pm earlier today. I got what I applied for – 1000 units and I have updated this in Stockscafe. Just a few days back, I blogged about my application as well. I will do the update to my portfolio when it’s time for 3Q2019 updates. :) Balloting DiscussionOverall, the receipt is lukewarm – It’s been attributed to the following:REIT IPO Fatigue Sentiment of US Economy But hey, at least it was...

Read More

Portfolio Update – 2Q2019 (16 July 2019)

In the blink of an eye, 2Q2019 is done and over with. A bit of a late update and to be honest, there is little to see. Income Portfolio Market Price (SGD) Overall Value based on market price (SGD) Allocation Cromwell European REIT* Growth Portfolio Market Price (SGD) Overall Value based on market price (SGD) Allocation Alliance Mineral Assets...

Read More

Prime US REIT – Applied for small number of IPO shares

BackgroundPrime US REIT is offering 335,203,200 units (subject to overallocatement option) in its IPO at USD 0.88 (fixed at SGD 1.20 for public offering) per unit, of which the public offering is no less than 16,761,000 units. The offer will close on 15 July 2019 (Monday) at 12pm Singapore Time and they are currently scheduled to list on 19 July 2019 (Friday) at 2pm Singapore Time. The Portfolio comprises of 11 Freehold Class A Prime U.S. Office Properties spread across the United States. DistributionsPrime US REIT will make distributions to Unitholders on a semi-annual basis with amount calculated as...

Read More

Cromwell European REIT – Property Acquisition and Private Placement 21-06-2019

Property Acquisition and Private PlacementCromwell European REIT (CEREIT) went on a trading halt and announced their intent to acquire 6 new properties in France and Poland for a total of 247m EUR, which is expected to increase net initial yield by 7.4%. To that end, they have raised fund of 150m EUR for the acquisition via a private placement at 0.46 EUR per unit. Post-placement, the share base is enlarged by 326,086,000 units (about 15%). Consequently, one can expect the distribution down the road to also drop by about 13.1% before accounting for the increase in DPU from the...

Read More

Closing a chapter – Moving on to a new job soon

Hi guys! Hope everyone is doing well. It has been a couple months since I last blogged – even then, this is kind of diverting from blogging about investing and stock market. Then again, I suppose career is also a form of investing. Sometime back, I’ve mused about this as well. A lot of people change job as they progress in their career. For me, the time is now. A few weeks ago, I submitted my 1 month notice. It will be my last day towards end of first week of June 2019. Reflecting back, it was a bittersweet...

Read More

Portfolio Update – 1Q2019

Howdy guys – looks like the first quarter of 2019 is finally done! Income Portfolio Market Price (SGD) Overall Value based on market price (SGD) Allocation Cromwell European REIT* Growth Portfolio Market Price (SGD) Overall Value based on market price (SGD) Allocation Alliance Minerals Assets (AMAL) Cash and other...

Read More

Portfolio Update – 1Q2019

Howdy guys – looks like the first quarter of 2019 is finally done! Income Portfolio Market Price (SGD) Overall Value based on market price (SGD) Allocation Cromwell European REIT* Growth Portfolio Market Price (SGD) Overall Value based on market price (SGD) Allocation Alliance Minerals Assets (AMAL) Cash and other...

Read More

Starhub cutting dividends – will it shine again?

(Source: Starhub) Starhub has announced its FY2018 results on 14th February 2019. Besides a decline in its business, it has also announced a change in its dividends policy. Where it had given out 20c per share from FY2010 to FY2016, and then 16c per share in FY2017 and FY2018, it will be revising the dividend policy to at least 80% net profit. This is estimated to be 9c per share assuming Free Cash Flow stays constant. Investors who have done their due diligence will have flagged out the unsustainable nature of its dividend (it was consistently above their free...

Read More

Latest News from PR Newswire