Author: Mr. IPO

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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Sir Alex SRS portfolio – 25 Aug 2019

I was in Manchester and paid “homage” to Old Trafford. It is a club with rich history and heritage but unfortunately the fortunes declined upon the retirement of her most successful manager – Sir Alex Ferguson. To celebrate a 100 year of history is no easy feat and I was a fan of Alex Ferguson. The gold era also ties in with a great manager and before Sir Alex, was Sir Matts Busby. The stadium went through many phases of refurbishment and reconstruction and I was surprised to learn that, other than Wembley and among British ️ clubs, Old...

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SRS Portfolio – Happy National Day

Happy 54th Birthday to Singapore! How our country “retire early” from a 3rd world country into a world class city is a lesson for all of us who pursue financial freedom! 1. Invest in education Our government under the late PM Lee invested a lot in education, firmly believing that education is the fastest way out of poverty for its citizens. Even China is pursuing this strategy to become a superpower nation through education (see propaganda pic below) Similarly, in your pursuit for financial freedom, you have to first invest in your own financial education. A degree is probably...

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Goal no. 8 – A great way to fly . . . met

At the start of the year, i set a new goal no. 8, to earn 200,000 miles from work or credit card spending . . . , well i have to say that i have more success on that front 😆 than investing my SRS portfolio.  My crazy travel schedule resumed in June and July, coupled with my credit card spending, allowed me to hit the goal quite easily. A bigger challenge is finding the time to spend the miles as i don’t see any “down time” coming up. In fact, i am going to get busier from Sep...

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Prime US REIT – Balloting Results

Prime US REIT announced that it has allocated 40,909,000 Units for the retail offering versus the 16,761,000 units disclosed in the prospectus. The balloting table is as presented above, where everyone who applied received a very “meaningful” number. Those who applied below 99,900 units received full allocation and only those who applied above 100,000 received a partial cut back. In any event, i think everyone got more than what they “bargained for”, didn’t expecting the bookrunners to increase the amount for retail offering by “re-allocating” from the placement tranche.  It is funny why Prime US REIT never announced the...

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Prime US REIT

Prime US REIT (“Prime” or “the REIT”) is offering 335,203,200 units in its IPO at US$0.88 each (or S$1.20 per unit). The placement tranche of 318m and public offering of 16.761m units will be held concurrently. The offer will close on 15 July 2019 at 12pm and IPO proceeds will be used to fund the acquisition of the properties.Prime US REIT comprise investors exposure to a portfolio of prime Class A Office Properties across the United States. The objective is to achieve long-term growth in DPU (distributions per unit) and NAV (net asset value). Prime US REIT is the...

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Happy 12th Anniversary

Today is 7 of July 2019 – 07.07.2019. A whole 12 years has passed. My first post was horrible 😫 and my last anniversary post was here!I started this blog with a very simple intent, to blog about why i decided to punt an IPO or not and this blog has actually grown to have a life of its own 🎉  It ‘s really quite heartening to see the readership base growing to 7,154  albeit the growth has slowed to a single digit 4% in 2019. 🤕  I will need to find some ways to improve 🆙 the growth rate again.  The poor growth...

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SRS Portfolio – 30 June 2019

How time flies and we are now 6 months into 2019 . . . let’s do a quick update on my journey to financial … “debt”. Well, I have acted upon the plan and the “result” is below. Here is the step by step guide for those who are interested.  Step 1 – Draw down the excess home equity as new mortgage loan. The amount you can draw down will depend on how much you have paid down the mortgage and whether the property has increased in market value over time. In my case, i have been fortunate on...

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