Author: Something About Finance

Rowsley (Remisier King Midas Touch)

The Remisier King is waving his Midas touch yet again. His earlier moves have so far been disappointing. The solar story was full of promise with supposedly guaranteed profits seems to be now just a castle in the sky situation. Next was the Iskander grand plan which seems to have wind down given the huge oversupply situation. Currently, Rowsley operations are mainly in the hospitality business in UK, their architect business through RSP and their real estate development in Vantage Bay Healthcare City. With the recent deal of injecting Thomson Medical and TMC Life Sciences, could it be the...

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US Market- On a Roll?

With the US indices (Dow and S&P) scaling all time highs, the Trump presidency has led to a surprisingly positive outcome for the equity markets. In a recent seminar, I was going through the US market outlook and i summed it up through the following points: 1) Valuation 2) Quantitative Easing Ended 3) Trumpnomics 4) Debt Levels 5) Monetary Policies 6) Global Economic Conditions 7) Technical Charts  Valuation Firstly, valuation of the S&P index is at the higher end of their recent range (2006 to 2016) and their PE is around 22 at the moment. We are actually not far off...

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Sabana Reit (On A Skyfall)

Looking at the price action of Sabana Reit, I was quite astonished by the steep fall whereby their peak was around $1.20 in 2013 and is currently trading at $0.35. It have been on a steady decline since 2013. Part of the recent fall is due to a rights issue of 42 for 100 at $0.258 which will be used to finance the purchase of 3 new industrial properties. Background: Sabana Reit was listed in 2010 at an IPO price of 1.05. It plunged on opening and was trading as low as $0.75 before recovering where income generation assets...

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Is Deutsche Bank Heading towards the Footsteps of Lehman?

With the recent Deutsche Bank upheaval which could be a reminiscent of the Lehman crisis. Have decided to read up more and here are some of my findings. Let’s look at some statistics first. Price- 13.5 USD DB market Cap- 18.5 billion USD Potential Fine from DOJ- 14 billion (Fine for their part in selling toxic mortgage backed securities during Lehman’s time) Derivatives Exposure: 42 trillion Price to Book: 0.25 Latest Year End Loss: 6.8 billion Euros Debt to Equity: 2.8 The current worries of the market are mainly due to the fine and also huge derivatives exposure as it...

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Dollar and Cents of Buying a Piano

Just a couple of months back, we got an upright piano for my daughter who is enjoying her piano lessons. Therefore, we would like to share our experience in shopping around for the best value that we could find in the Singapore Piano Market. For a start, there are many brands available such as Yamaha, Kawai, Hailun, Steinberg & Song and etc. Our main criteria are that it must have good resale value and would be able to last till Grade 8. We do not want to have the hassle of changing to a new piano and at the...

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Langkawi Trip (June School Holidays)

It was the school holidays (A dated post as the trip was a year back) and we decided to bring our whole family for a trip to Langkawi. We have been to Bali, Phuket and Bintan frequently and have also been to Krabi and Hua Hin once. So we decided to give Langkawi a shot this time round. It is a regional beach destination that is not on our conquered list yet. We hope it will be a perfect destination for our family trip after a few misses due to either too expensive air ticket prices or it was simply just...

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Dollar and Cents of Renovating a House (Choosing of House Furnishing and Accessories)

It had been a hectic time as I have just moved to my new residence. I have moved four times so far in my life and moving is really tiring and stressful while managing all the logistics. Hopefully this will be my final home where I can retire in, provided it does not get en-bloc. As promised in my previous blog post, I will be sharing my experience of the renovation process and the purchasing of the different accessories and home furnishing. Sad to say, the renovation id that we got did not perform as expected. We have moved in...

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Dollar and Cents of Renovating a House (Choosing Interior Designers and Contractors)

It has been a long while since my last post as I was away to France for a free and easy tour with my family which I will try to do a posting on it. Also, I am currently doing my renovation for my new apartment. I hope to share my experience for the renovation process so others could perhaps benefit from it and be able do a better budgeting with cost savings in mind. Before the renovation and short-listing of interior designers and contractors for our home, I have been religiously buying the Home and Decor magazines and...

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Parenthood Rebate for Self Employed

This has been a scheme that have been around for a few years but I did not really knew about it till I was browsing through the CPF website a few years back. This basically allows you to claim up to 3 days of parenthood child care leave from the government. We are granted 6 parenthood child care leave per annum but the government is only going to pay for 3 days. The awareness of this scheme is basically more applicable for those self employed. For those employed, your HR department will handle the claim. The limit you can...

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Beware of Leveraged and Representative Exchange Traded Funds

With the evolution of the ETFs  market, they now covered numerous products and varieties. You are able to go long or short and you are able to take a leverage position of up to 3X. There is even a Bitcoin ETF in the making. Most of the interesting ETFs are listed in the US markets whereby some are seriously just not suitable for the normal retail investors due to their structure. The advantages of the ETFs have been widely preached with empirical studies showing most fund managers are not able to out-beat the market. So a passive approach with lower management...

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Van Gogh The Life

Being one of the most famous impressionist artists of the 19th century, this book provide insights and depict in great details on the life of Van Gogh. He lived from 1853 to 1890 and die at a young age of 37. He is more of a loner from young and was never well liked. This biography touches on the special relationship between his younger brother and himself which indirectly led to his mental condition in the later stages of his life. He started selling art prints at his uncle’s art gallery and he only started seriously painting during his...

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Trader Notes 13th August 2013

The markets are seeing some sell off from the US side and generally we are still struck in a range bound market. This week there will be release of the retail sales and Producer Purchase Index data from the US . Indexes: STI likely to stay within the range of 3100-3280. For Dow Jones, we are looking at 15250-15500 levels for the moment. Currencies: Aud/Usd have surged above the 91 levels but it is still on a downtrend as it has not convincingly breach the 92.3 levels yet which is where the 60 days moving average is located. So...

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National Day Staycation

 My family have just recently came back from a staycation at Ritz Carlton. We have booked the room hoping to get a room with a view of the National Day Celebrations. However, it does comes with a premium and so we have to settled for the “Highway View”.  It can get pretty annoying in the night when u can hear the screeching sounds of the super cars on the road. I am one who seldom soak in the bathtub but at Ritz, it has a bathtub with a view and so who can resist :). We mainly hang around...

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Trader Notes 6 August 2013

The overall market seems to be stagnating and my view is that it is still on a range bound mode. Moreover, there are not much critical economical announcement coming out from the US markets this week. Indexes For the STI, it should be range bound between 3100- 3280 region. Dow Jones seems to be still on an uptrend after breaching the 15500 levels but the climb up had been very muted and don’t seem to have much conviction. Their resistance will be their recent high of 15650 and I am of the view it is likely to take a...

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Dollars and Cents of Repairing a Car

My current ride is coming to the 6 years mark and is starting to show problems due to wear and tear. I will just like to share my experience of repairing and replacing the different parts due to wear and tear through these past two months. For a start, I am driving a Toyota Altis 07 model. I have re-sprayed the car earlier this year and have changed the colour. Due to the sky high COE price, I am likely going to drive it all the way till this car’s COE expiry. Therefore, I guess this is a worthwhile investment to make...

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