Author: Mr. IPO

Goal no.2 – Passive Income of $150,000

One of my year 2020 goal no. 2 was to achieve a passive income of $150,000 a year and i hit the target just before the year of the Rat (on new year’s eve). (I did what i said i would do in the post). I bought another $400,000 worth of Astrea V Class B (rated BBB) bonds through my private bank. The bonds has a face coupon of 5.75% but are trading in the secondary market at 103.50. The yield to call is around 5% and I finance this purchase through leverage. The latest cash flow profile from my bonds portfolio is...

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Resources Global Development Limited

Resources Global Development Limited (“RGD” or the “Company”) is offering 15m shares at $0.20 each via Placement. Given this is a small placement, i will not spend too much time on this. The IPO will close on 29 Jan 2020 at 12pm and starts trading 2 days later at 9am. The Company is principally engaged in Coal Trading and Shipping services. The Company is able to procure coal from 3rd...

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Happy Chinese New Year

The year of the Earth Pig came and went. The lessons and sharing from my last post still holds true where i said You can revisit the post here. 2020 is start of a new decade and it coincides with the year of the Rat, which is the first animal in the zodiac world. Other than Mickey Mouse, Stuart Little, Ratatouille, most of the time, rats have a negative connotation, especially in Chinese idioms. 猫哭老鼠,蛇鼠一窝,胆小如鼠 So what can i share with you for the year of the Golden Rat? Let me share with you two “mouse” stories. Be kind and goodness...

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Happy New Year and Goals for 2020

I started the 2019 with 8 goals and i made some slight revision to the goals in Aug 2019. Let’s see how the year has been and whether the goals has been achieved. Do note that some of the goals are achieved by including wife’s portion as well as i view retirement planning on a holistic level (after all, I am not going to retire alone . . .  right ?) Goal no.1 – Increase net worth by $250,000   This goal was achieved with a combination of savings + passive income from bonds + interest income from CPF + a decent bonus....

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Singapore IPO Tikams for 2019

2019 is an extremely bad year for IPOs in Singapore. Source: Shareinvestor.com There were only a pathetic 11 IPOs of which 7 were available to the investing public. For retail investors who can only apply for the shares through the ATM, you will realistically be able to get Lendlease, Prime US Reit, Eagle Hospitality Trust and ARA Hospitality Trust USD.  Few takeaways: Hospitality...

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Saving the earth app – NLB and Libby

One of my refreshed goal no. 7 this year is to read 3 books and blog fortnightly. I am going to “fail” on the blogging part but surprisingly, I managed to read more than 3 books using the NLB app on my iPad.The downloading of the app and signing up for the library membership using “MyInfo” was pretty straightforward and easy.From the app, I can search for ebooks that interest me. Eg....

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SRS Portfolio – 30 Nov 2019

I have nothing much to update for my SRS portfolio. I sold off my OCBC Bank in my last post and the decision to sell UMS Holdings at 80.5 cents turned out to be a bad one 🤕  It continue to run all the way to 95 cents and that represents a “loss” of $14,500 (assuming i sold at 95 cents). Ouch! 😫 I received 773 stock dividends from Frasers Commercial Trust at the end of November and...

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SRS portfolio – OCBC “dividends”

I sold off my 5,000 shares of OCBC Bank from my SRS account this week at $11 per share. The “dividend” for less than 3 months is around $1,238. Coupled with the sale of UMS Holdings earlier, the cash balance in the SRS account ballooned to $196,000. I am taking advantage of the “feel good” sentiments from the US-China trade reprieve to take some money off the table. In my view, the trade deal is superficial and achieved nothing. It is probably a theatrical Trump show ahead of the U.S. elections next year. .Wifey’s position in Netlink Trust continued...

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Autumn in Big Apple

Following my blog post in June, my KF miles increased by 138k miles from 525k to 663k as of 31 Oct over the last 4 months. (You can tell that I have aged a lot from all the flying 😱). With two months to go, i am quite close to my Goal 8 target of 680k balance. For those who have yet to take the longest flight ✈️ in the world (SQ 22 from Singapore to New York), the flight takes about 18 hours but it will soon be taken over by a 20 hours flight by Qantas from Sydney...

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SRS Portfolio – 31 Oct 2019

It was quite funny that right after my last blog post in mid-October, UMS Holdings went “bonkers” and sky rocketed by more than 25% in two weeks. I decide to sell the stock at 80.5 cents from my SRS account this week and crystallise a profit of $26,603. Including the $500 dividend received from UMS in October 2019, the total dividend received from UMS since investing in this counter was...

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SRS Portfolio – mid October 2019

The only excitement in October was probably the IPO of Lendlease Global Commercial REIT where i gave it a 3 Chilli Ratings and the poll results prior to the close of the IPO was as follows: Other than that little bit of excitement locally, the more “exciting” part was the travel to Hong Kong for work and the room prices of hotels in prime Central and Admiralty area going for a “steal”. Hong Kong will be going into a recession for 2019 because of all these protests and tourism will plunge to a new low. The portfolio snap shot as...

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Lendlease Global Commercial REIT – Balloting Results

Lendlease Global Commercial REIT (“Lendlease REIT”) announced that its placement tranche was 9.9x subscribed while its IPO was 14.5x subscribed. There was strong demand from over 100 institutional and corporate investors.Investors who applied 50,000 units has 60% chance of being allotted 5,200 units. This is actually quite pathetic but you can see that the Issuer favoured “smaller applicants” whereby the more you apply, the lower the chances. 😀 Mr Kelvin Chow (周颂业), Chief Executive Officer of the Manager, said, “The strongsupport from Cornerstone, Institutional and retail investors underscores the strengthof our high quality portfolio of stable cash flow generating commercial assetsstrategically located...

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Lendlease Global Commercial Reit

Lendlease Global Commercial Reit (“Lendlease Global REIT”) is offering 387,474,987 Units for the IPO at $0.88 per unit. The IPO will close on 30 Sep 2019 at 12pm and start trading on 2 Oct 2019 at 2pm. The number of units for public tranche is only 22.727m (meaning just $20m in value). Based on the IPO price, the market cap will be S$1.56 billion.About Lendlease Global REIT Lendlease Global REIT is established to invest in a diversified portfolio of income producing real estates globally in the retail and office sectors.  About the Sponsor – Lendlease Corporation Limited The Sponsor is...

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Mid Autumn U.S. Open SRS Portfolio

I was traveling to US two weeks back when i read a weekend article on the Business Times on the “risk of cash”.  The simple concept is presented in the chart below.  How to double the money you have now ? Assume you have $100,000 now and you invest in a portfolio that gives you an annualised return of 7.2%. In 10 years time, you will have $200,000.  However, if you decide to invest only 20% of the cash and keep 80% of the cash for rainy days, then you will need that portfolio to make an annualised return...

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SRS Portfolio – 31 Aug 2019

Bond portfolio – finally some “luck” ? Following up on my post last week, I wasn’t successful on SPH REIT perps. Reason given was that  my application amount was “too low” 😤.  I decided to “blow up” my application to $2m when UBS SGD AT1 perps was released. You can read about the bond by Fundsupermart here.  The final interest rate for the 5Y non call perps was priced at 4.8% and I was finally allotted $250,000.  I haven’t decided if I should fund this purchase with more debt or with cash. If it is debt, whether to fund...

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