Author: Sillyinvestor

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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Silverlake FY Results

This is short qualitative analysis. The bad: 1) The acquisition of the 3 Goh entities cause a drag on a otherwise would be decent recent. Q4 Gross profits would have been better, the 3 entities are loss making. They restated the FY 2017 to include the 3 entities for apple to apple comparison, but looking at past reports would let u see the results much clearer. The 3 entities are loss making in Q4 but overall makw close to 20 mio profits in the whole year. Without the 3, Silverlake would have a rather glowing report card, showing growth...

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Random thoughts: Dividend investing

Was having a chat with another blogger, and we talk about dividend investing. So some of the ideas I am sharing here is not mine alone. I don’t think he really mind as I think we agree broadly what is dividend investing. So, there are many ways. Let’s do case studies. These are the down the mountain case studies aka success examples. I shall not name who they are but I think bloggers know who I am referring to la. 1) yield at cost is ridiculously high. The stock that the investor is holding is a 10 baggers, so...

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Contrarian

How do u define contrarian investing? The most popular is buy when market is low and when there is blood on the street. But it is such common knowledge that I doubt it can be called contrarian, since by definition, it is about going against popular wisdom. Personally, being a contrarian would need one to be exposed to short term pain. I would think there is no such thing as contrarian investing. Its simply about convinction, which I lack. I have some success with companies that I bought when they are doing well and they continue to do well....

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Random thoughts: that elusive happiness?

A pupil once asked me about heaven and hell. I told that pupil heaven and hell is in the heart. When we are happy with ourselves, it is like paradise on earth, and vice versa. There are times when we look for the little pleasures to comfort ourselves. The easiest are material comforts. Think of food, spa, holiday etc. Some of the material comforts further bring about a sense of achievement or pride, such as car, poster photos on Facebook that show the most exotic tours, garnering record high likes. It is like killing 2 birds with 1 stone,...

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Raondom thoughts: Over attachment to results

We all like good results. Investors like growing earnings in the companies they invested in. As a teacher, I look for improvement too. But recently, I have make a strong mental effort to be not emotionally excited or disappointed with results. It helped me coped better. In fact, not only did the decoupling of expectation of results not cause a deterioration of motivation, it actually allowed me to push my pupils harder, without questioning myself so much. When a staff talk to me about the stress of producing results, I am.not too sure why I suddenly retorted ” I...

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Random thoughts: First shot, SIA engineering

Initiated position: Reasons: 1)Price at 5 year low 2)Yet, earning is improving. 3)Local earnings is weaker but SIA engineering strategy of forming joint ventures and alliances mean the earnings should be look at in totality. 4) Latest AR did not disclose number of D checks, but I believe the upswing should start next year, if they can keep their market share. 5) With ST engineering, I am buying into Singapore Aviation story, abeit its the support and service equation of the Aviation Story Valuation in terms of yield is fair, as SIA engineering has always trade around 5% yield....

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Random thoughts: Of teaching and investing

Has been a while. I felt I have been to the brink of depression and back. It felt different. The turning point was the Vesak Day 三步一拜 (3 steps 1 prayer) ritual, followed by a break of 5 days in June Before: 1) Felt like quitting. Contemplating going private. 2) Harbour thoughts of self-harm, driving the car up to the one in front 3) Wish to be diagnosed with chronic illness so I can lie in hospital and do nothing (really choy choy and touch woods looking back now) 4) Felt it is a pain to enter the classroom...

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Advertorial: Save on car insurance prenium by up to 15%

This is Advertorial   This is the first time I am doing an advertorial because I believe it is a reasonably good deal. For those who drive, vouchinsurance get you cash back on your premium if you dun claim.  One could get up to 15% cashback on your insurance premium paid at the end of the policy year. I, for one, has not made a claim for the past 10 years, except for a windscreen change due to a flying pebble, and I hit my maximum 50% NCD for the last 6 years. I would think the savings would...

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Silverlake Q3 Results is lousy

Just 1 word, lousy. Cut through all the bullshit about growth of 17% growth if exceptional items such as GIT sale profits is excluded, QoQ Gross profits is lower, revenue is lower. Period. No one is really comparing it YoY. Maintainance revenue which is recurring, is hardly recurring. The 10 percent fall more than offset all the growth from.all segments. With all the contracts win, if topline cannot increase after a gestation period of more than 1year, it just means 1 word, bullshit...

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Random thoughts: Sillyinc’s biggest investment in Silverlake

Transcipt of interview with analysts. Disclaimer: contain forward looking statement Q: Why is that u have such a high concentraded bet, I mean investment on silverlake axis? Given that u always proclaim to take a conservative stance when investing? S: yes, we are still accumulating. To put it most simply, we expect core earnings to grow in double digit over the next few quarters. We find it difficult to find a company with a good yield and also growth prospects. Q: why the confidence in growth? S: Silverlake has been winning several contracts over the last 12 months. The...

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Random thoughts: Making friends in the workplace

I have my hits and misses, and had a lot of grumbles from my friends. But I thought some of the below mindsets work well for me. 1) It’s ok to be taken advantage of As long as it doesn’t kill or hurt too much. Doing something to convenient others is not a sign of weakness. Also, do not expect anything in return, if favour is returned, good and it is a bonus, if not, just tell yourself u are nice or it’s part of good karma LOL 2) See the goodness in people We all like to bitch...

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Random thoughts: How businesses react to disruption or competition

Have been sitting on the fence and watching paint dry, while investors make a killing. Yes, even after yesterday drop of 70 points, unless u invested on Thurs, all the banks and properties counters are still way above where they were 3-6 months ago. U would still have made a killing. I am thinking about how my recent investment thesis work out, the qualitative part of it, and I decided to do a summary here. Some companies I invested, some I didn’t. The ways companies can react in the face of disruption or competition: 1) Wait out the cyclical...

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Random thoughts: Emotions and state of mind

This last 2 weeks has been a real roller coaster ride for me, both emotional and physically. Which is really baffling because my dad condition is getting stable and he is somewhat stronger. It is the holiday and I supposedly should have a slower pace at work. I shall not bored u with the details of what happened, but after anxiety attacks again (gone for a long while) and feeling unhappy, I stand to understand the following: 1) letting the guard down Throughout the term, I am working on “fighter/survivor” mode. There are times where I can’t really keep...

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