Random thoughts: Overpaying by 400% for years.

Car servicing and repair, is what I am talking about.   I have always gone to the authorized dealer for servicing and repair. I wanted a peace of mind. The fact that one of my friends had a bad experience with cheaper workshop also created my bias.   Yesterday, my car's air-con was spoilt. I drive it back to Buneo Motors. I was told it was most probably a coil problem. I was quoted $2300 … [Read more...]

Random thoughts: meeting friends not seen almost over 2 decades

My college friends, to be precise.   We meet up during the CNY holidays but did not have enough. One of them is based in China, so we had a Friday lunch together. 5 hours just fly by.   I have wanted to write a post on my student's life. It is like my FI dream come true. But decided against publishing it. I wouldn't be able to meet them for lunch if I am not a student. A student life is … [Read more...]

Random thoughts: Visual metaphor for self-awareness

During my course, there is this module on coaching. And my trainer causally remarked that when she was the principal, she actually ask the teachers to think of a metaphor for their school vision. I did the same for myself and realized a few things. 1) The first image that come to your mind reflect the state of current affairs. U have to be honest and not analyze too much. Just think of … [Read more...]

1st guest post from Ted of Redbrick

I receive no rewards/ compensation of whatsoever from this blog post. My intention is simple, someone ask me for help, I help. Red brick, is talking about HdB loans options. I do not see how providing convenient to Ted in this case can anyway turn out detrimental to my readers and I believe the info might be quite useful. Again, I emphasized, I do not endorse anything and receive nothing in … [Read more...]

Coporate announcement: Portfolio update

As mentioned during the annual report of Sillyinvestor Inc, we will continue to trim our portfolio to hold more cash as and when opportunity arises.   The management does not think there is anything fundementally wrong with the company. The privatization of parent company is just noise.   With a holding period of 15 months, the return has been 16% including dividends. We feel it is a fair … [Read more...]

Random thoughts: Annual Report 2016 Sillyinvestor Inc

Chairman statement:  Dear readers, the theme in 2016 is surviving in a volatile world. There are 2 shocker news: first Brexit and next Trump's election. But the market survived and blossom. We are proud to announce we have grow from strength to strength. The company manage a dividend of $3849 in 2016, from a capital base of about $57000, giving a yield of about 6.5%. This is a 2.5% improvement … [Read more...]

Random thoughts: Risk-reward profile by considerations and assumptions.

I am sometimes able to draw parallel in the investing world with teaching and learning. This time round, it is the reverse, I draw valuable insights from teaching and learning that can be transferred to investment. We have a module on reflection, and suddenly I realize in investing, we made many considerations but seldom do a check on our most fundamental assumptions. Let's do this: I … [Read more...]

Singpost: 2nd catalyst and 3rd catalyst

Singpost has found a replacement CEO. This is a CEO with operating expertise in logistic and freight forwarding. A timely change as it move to synergied its accquistions. With this CEO, I hope this pace of accquistions will stop over the next few years. The second catalyst has happened. Market is not excited, but at least not disappointed. Singpost has risen intandem with the market The … [Read more...]

Company prospecting: Fallen angels


Some ideas for 2017? LOL Fallen angel initially is used to describe the downgrade of bonds to junk status. I remember attending the fifth person's invest X congress that define fallen angel security to that that fallen 90% I take 50% from its PEAk for it and I have the following: 90% fall Parkson Retail Asia 70% fall - APPT About 50% (thereabout), the … [Read more...]

Random thoughts: My report card for 2016

At the end of 2015, I Blog about the goals for 2016. It's quite funny now when I revisit it. This is because I started with 2015 has not been an easy year for me. This year, my work in terms of KPI really sucks. My department had a "historic drop" is quality passes. My mum passed away, and the caregiving part is tough. But today, as I penned this, I thought "God" has been merciful and kind … [Read more...]

Random thoughts: An online temptation

Lol. Just talking about an email offer to become an aflilate for a particular subscription. I had always wanted to earn some kopi money from blogging if possible I had really want to try my hand on it. Especially after some correspondences with the Marketing Manager, the product seems decent enough, and perhaps even of quality. The analysis are sharp and some could really be rather useful … [Read more...]

Investment rules for myself to obey in 2017

I realized I have been rather trigger happy. I am going to set these rules for myself for 2017   1) Any buy entries must fulfilled one of the three investement theories. A cyclical recovery play, growth drivers play or strong FCF, negligible debt yield plays.   2) All entries must come with a potential exit plan with potential reward. POTENTIAL reward should not be lower than 35% in a entry, … [Read more...]

Accordia Golf Trust

I didn't see much views about the potential privatization of sponsor by MBK. Reading about the tender offer, offer a few insights that I think are important but not reported by the various news agency. 1) “Year 2020 problem” It means a problem that may cause a reduction in golf demand in circumstances where a majority of postwar baby-boomers who lead the current golf demand will be over 70 … [Read more...]

Random thoughts: Human capital

Human capital? What comes to your mind? The amount of money your skills and network can generate, payoff? Right? In simplicity, our work. My work for the year 2016, is drawing to a close, as usual,I am going to review my human capital. When I started 2016, I wrote E3. I want to do be effective, efficient and engaging in my teaching. I think I done all three. I do not want to review how … [Read more...]

Random thoughts: my pupils’ dream job

It is winding down to the end of the year. I introduce Windows Publisher to my pupils, and asked my pupils to do a business card for themselves. I told them upfront, choose something u want to be, u like, dun worry about money, forget about your parents ' expectations for a while. It is just a fun exercise, think of a job that will make you happy! If really being a lawyer or doctor is … [Read more...]

Ascendas Reit: A weird share price pattern?


I am writing here because I felt there might be some "pattern" in Ascendas Price movement. Granted, all industrial reits are facing some weakness with fear of interest rate hike and spike in industrial vacancy. But lets start with this picture. If only this is the chart for its share price. You can see from here, with the exception of GFC, A-reit has an unblemished track records for … [Read more...]

Random thoughts: A 3-part lesson about thinking out of the box

SMOL keep writting about his teachers; it gave me the itch to write about my teaching. There is a chapter about Lim Bo Seng, our War Hero. Instead of the usual lesson, (it's after exam), I ask the pupils to extract info from the text to make into a pamphlet . I told them to choose sides, if u are Guerilla fighters on Lim Bo Seng side, what would write in the secret pamphlets  about his … [Read more...]

Singpost Q2 – My thesis is challenged


i did not expect the dividends cut policy to be announced before the announcement of the CEO. I shall not talk give a summary of the quarter report, readers can look at them themselves. There are several negatives in this report. Of the above, the one that throw me off my comfort zone is higher cost in the e-commerce business. This cost, the "last minute fulfillment of labour" smell like … [Read more...]

Venture Corp and Lee Metals


Last Friday was the day Singpost, Venture and Lee metals results were out on the same day. I have wrote a post about Singpost, it's results is below expectation. As for Venture, the recovery story continues. It is a very good set of results. Not only has the recovery continued, margin has continue to improve. There is no more info on the different segments, but I guess the medical testing … [Read more...]

Company prospecting: Talkmed

(not vested) I have been crawling through medical companies, especially those offering direct services to patients. But have not go into those upstream, the manufacturers of medical equipments, products. One thing that struck me is the high lofty valuation of above 30 PE is more of norm than exception. It is a sector that seems that it can do no wrong, however, looking at the companies, I … [Read more...]