Author: Sillyinvestor

SillyInc corporate update : First Reit Accumulation

Silly Inc recently double the holdings of FR in portfolio. The Average price is 77 cents including costs. The board is in the view that default risk by Lippo K (Biggest rental income customer 87%) is non-existence, since the rights exercise by Lippo K (yet to materialize) However, since then, First Reit has been falling from above $1 to the low of 93 cents recently. All the known risks have been reduced, yet FR fall instead of rise. Lets visit the risks: 1) Execution of Meikarta Project by Lippo K (Top management did not get indicted, and there is...

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Random thoughts: Old age and money

Its less than 3 years apart since my mun passed away and there is a need of active givegiving for my dad. I am closer to my dad. Hence, the last 3 months sometime do send my mind to a roller coaster ride. There is a period of time, I worried for my single child. I thought of checking myself in to a community hospital or home and paying the expenses from my rental. There is no need for my house to worry about me falling, etc. Having been to the hospital for 3 months. I know how it...

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Random thoughts: be mindful of not seeing the full picture.

Recently, I saw a lot of sponsored ads related to investment in Facebook. Some of my friends like the pages. Out of morbid curiosity, I look at the comment section of a online earning workshop that I know is just …… I am surprised by the sheer number of people interested. I hope with this post, people understand that I do not need to lie to mislead u. Just not telling you the full picture is enough. I shall be upfront that portfolio returns (realised including dividends) or ROA for the last 3 years are 4 percent, 6 percent,...

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Random thoughts: The 3 little joys from teaching

Let me start by being me, cynical. I don’t change lives, kids change lives on their own,because of circumstances or will. I just hope I am part of the positive influence in those circumstances. So the joys I derived are from the small stuff. I however know of real flesh and blood people who stories are like those u see on advertisement. So here goes. 1) when pupils understand the lesson and overcome a particular fear of learning. When pupils finally understood the thinking process behind a language task, be it reading comprehension, or writing, they no longer need...

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Random thoughts: 5 years after I thought I begin my journey to Rome

This post is a review of a post of investment principles I had 5 years ago in 2014. https://sillyinvestor.blogspot.com/2014/07/random-thoughts-my-route-to-rome.html?m=1 2014 One paradigm shift: Stop worrying about the value of my portfolio. Not that it is not important, but the cashflow of dividends and the robustness of underlying business is more important NOW: Portfolio value is important. Returns is not as important robustness of portfolio. Keep a decent amount of cash in portfolio. Recent correction with counters in radar falling 50% to 80percent from their historical or recent peak, made me take out my gun and statt firing. The lowest...

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Random thoughts: How rich am I?

This not a post about net worth, but rather, a compilation of real people I met, and my observations here. I am being judgmental here, so be warned. Names are not real 1) David has a view on how others should leave their lives. Why is the wife Not working, why work as a Expat overseas when the pay is not much higher. Why Not sack the relative at work who is not contributing. Why not looking to buy property. It will be too late if we dun buy something to leave for our child. We are being passive...

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Random thoughts: APTT and First Reit

A lot have been said about these 2 counters. I just want to share some findings that I think is not yet cover by bloggers (to my best knowledge) Let’s start with APTT: 1) With the new dividends of 1.2 cents, and assume Capex of 75 Mio and Interest and tax expenses to remain constant, APTT will have a buffer of 4 to 8 Mio after Dividends from their generated cash flow. Good, dividends more or less safe. 2) APTT growth if any, can only come from broadband. Pay TV in Taiwan is not exactly the same as Singapore....

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Random thoughts: 2018 work review- A midlife crisis

2018 is a difficult year for me. I will just talk about work in this post. This is the 4th year in my appointment. It is a difficult year as I have to manage many staff having issues at work. While I have genuinely tried to help all, I think only 2 turn out well. This is the worst year in terms of results, I think most of my staff have put in their best. To be honest, I do think with such bad records and having so many years into the job, I really need to take a...

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Random thoughts: Sickness

Is the holidays. I usually get very sick when the term break is here. The funny thing is, beyond the obvious physical discomfort, I actually feel more at peace. I could have guilt free and care free rest, and the people around me are more understanding. When I fell asleep with newspapers around the room, my wife just picked them up without nagging. When I slept and slept, it didnt feel like I am wasting time. When I brought my dad out for dinner, I had the most relaxing moments with my dad, soaking in the christmas atmosphere at...

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Random thoughts: Silly Inc Corporate updates

Dear Readers, It was stated last year the Silly Inc will no longer do half-yearly intern report, but so much has happened in Q3 that I, as the Chairman, find it necessary to give a update. First of all, the rule of diversification of that our counters in our portfolio should be around 5-10% by cost value is broken. The company accumulate Silverlake Axis prior to its strong Q1 report and the company itself now takes up almost 15% of the whole portfolio value. We still have about 50% of the portfolio in cash. Rationale for the accumulation is...

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Random thoughts: Moral?

Saw this at Facebook. Strike a chord. This is my comment to his Qn, |”so what do we do” —————————- I think the article is right but ignore the fact about moral development readiness of a child. Like learning, there is some rote learning at the beginning of mastery of  basic nummeracy etc. Hence, a child would need to be simply reinforced and reprimanded for act of goodness and selfishness at certain early stage of life, until they could understand I do good or evil simply because I want to and it is who I am. The only way...

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Random thoughts: Sarine Technology update

Not vested yet. I continue to read up on Sarine technology, or rather, more on Lab growth Diamond and synthetic diamond. I scuttlebutt at one local retailer, and ask if they sell lab growth Diamond. He told me they dun, but it can be already be found quite easily in Singapore market. He told me lab grown diamond will lose its shine after a long time as compared to natural diamond. Well, that is a good one because no one can verify long time now. He goes on to say they have buy back policy for diamond and there...

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Random thoughts: just random

U know this is just pure randomness in thoughts, just penning down thoughts that stick with me. U know, there is always this comparison with money and personality. And we always say we like to be treated well because we are kind of people like us, not because we are rich and powerful. It is said that if we are welcome because of money and our position, when we lose it ( maybe because of fire ) we will have a hard time adjusting because those who respect us because of our appointment will then treat us with cold...

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Random thoughts: Sarine Tech

This is not a analysis type of company prospecting. Just my loose thoughts and me writing it down to test my own understanding. Whe I am doing some loose readings and prospecting, a few companies not currently in my radar caught my attention. First and foremost is Sarine Tech. It is at almost 10 years low. It is not loss Making, has zero debt, gave good dividends, so what is the problem? There are 2 known big risks. First, no matter how good its techology is in the whole value chain of natural diamonds priduction, from planning to retail,...

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Random thoughts: My CPF decisions

When I first got my flat, there is no 20K buffer arrangement, I wipe out my OA. I didn’t keep a buffer of several thousands by investing it away, maybe because I am confident of the security of my job. My first decision in on the allocation of payment of OA to our mortgage. I wipe out my OA monthly contribution and my wife pay the balance. The rationale is my wife can stop working temporarily if she is pregnant or if she needs to take care of kids. When the HDB officer mention there insurance payable etc, I...

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