Author: The ThumbTack investor

A Unique Arbitrage Situation + Results From Options Strategy (3rd Month)

June was a really tough month work wise, so updates have been few in between. I’ve only just realized how busy I was, when my lunch buddy noted that I’ve only had 2 weekday lunches the entire month, and had to work through all the other lunches. Anyway, busy is good. I love busy. Time passes quickly when one is busy. Speaking of which, I’ve also been busy on the options front. Busy fighting fires that is. Over the past month, Valeant’s share price shot up rapidly. Unfortunately, I sold a bunch of call options just prior to the...

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TTI’s Portfolio Results – FY17Q2

Before we know it, it’s the halfway mark of FY17 and it’s time for the customary crunching of numbers to see where TTI stands, relative to the general market. To summarize: Not too good. STI ETF’s figures are kinda crazy this year, and although in recent weeks STI is showing some weakness, on an annualized basis it is still on a tear. Clocking in with an XIRR of 28.58% at the halfway mark, STI ETF continues it’s impressive run in 2017. By contrast, TTI’s XIRR for 2017 stands at 12.81% as of 2017Q2. Total portfolio size has increased rather...

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Geo Vs GEAR! + Options Update

There hasn’t been regular updates as this is traditionally a really busy time of the year for me, work-wise. School holidays + everyone wants to get work done before going for summer vacations. In fact, I too, am planning my CNY getaway next year right now as we speak. (Just inserting a random summer vacation pic so that email pic below doesn’t become picked up as the heading pic by other aggregating websites!) Well, I’m actually ok with visiting and doing all the CNY stuff. It’s all great fun for the kids too. It’s just that my schedule tends...

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TTI Portfolio Review – 25th May 2017 + An Interesting VRX Story

With the strong performance of STI ETF so far this year, I wanted to do a quick review to see where I stand vs the index this year. Since the last update in March 2017, SG TTI has narrowed the gap from STI ETF, but as yet, is still underperforming STI ETF. The passive index is proving to be a real winner so far this year. Based on XIRR, STI ETF has thus far, including dividends, returned a massive annualized return of 38.98% I can’t help but think that if someone had at the end of 2016, decide to...

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Geo Energy Resources – Dropped 23% In The Past Week. What’s In Store?

I typically do not reveal the location of my travel pics, unless the travelling took place some time ago. No prizes for guessing this time around though. LOL! All I can say is, don’t go during summer! It’s shit ass crazy hot, and no amount of air conditioning can save you. Amazingly enough, the locals can wear long sleeved shirts and look perfectly comfortable. I’m doing all I can to stop myself from stripping bare naked. Still, I figured that the Taj Mahal is classic, and it’s something I wanna check off my to do list. Perfectly beautiful, I’m...

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BBR Holdings FY17Q1, Geo Energy Resources FY17Q1, Results From Options Strategy (1 month)

A patient gave me some really good advice the other day: She said, “Dr XXX, now your kids still young, wanna go anywhere just go la! Next time go to school very hard already!” I’ve just came back from a trip  barely 1 month ago, but I guess that advice really made sense to me. (Or perhaps I just want it to make sense. The mind sees whats the heart wants right? haha) So, it looks like I’m gonna have to break the promise I made myself, which is no more travelling for the rest of the year as...

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Guest Post By InvestingNote: Will QAF rise again?

I was asked by InvestingNote if they could do a guest post on QAF. I always appreciate the effort put into well researched pieces, so why not? The article below comes from Calvin Wee, whom I’m told, is a new hire at InvestingNote. I guess we’d see more such articles from him soon. Will $QAF(Q01) rise again? Brief background QAF Limited (SGX: Q01) is a leading multi-industry food company with operations primarily in Singapore, Malaysia, the Philippines and Australia. It’s core businesses include 1. Bakery 2. Primary production 3. Food manufacturing 4. Trading and logistics 5. Investments. It owns household brands such...

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BBR Holdings – TTI’s Analysis Of The Latest Happenings

1stly, something unrelated to BBR Holdings. An article in this week’s TheEdge caught my attention: http://www.theedgemarkets.com/article/shareholders-move-oust-usp-chairman-li The physical copy of the article has the said activist minority shareholder, Joshua Huang’s photo. It caught my attention as Joshua is my school mate back in NJC, almost 2 decades ago. We used to run and train together in the track team during college days. I’ll have you guys know that Joshua is a fierce competitor and a very determined chap, so I think USP’s chairman and ED would have a hard time with him. He just doesn’t give up easily. Having...

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Bonus From Flyke (!!!) + Results From Enhanced Options Strategy

Some time ago, I wrote about a failed investment I made – Flyke International: Lessons from a failed investment – Flyke International Holdings Do read the previous post for some context. This particular example is a great example for typical value investors to learn from. Flyke (HK listed) was trading at crazy low valuations, backed by cash and there just doesn’t seem to be any way else for the share price to go except up, or trend sideways. I wasn’t counting on fraud management to abscond with the company’s money though. The company’s stock was suspended from trading for...

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TTI Portfolio Updates – April 2017

If there’s 1 thing I’d like to have right this instant, this is it: HUGE grass patch just beside the driveway for the kids to run around and for me to do a little kick around too. (There’s a goal post at the side, not seen in the photo) Ah. Simply next to impossible in Singapore. Now, I could really really get used to staying here. This massive complex is 1 house btw. Apple Orchard. Rows and rows of apples. Growing up, whilst all the other little kids say they want to be policemen, teachers, doctors, lawyers blah blah...

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Health Checkup For TTI’s Portfolio, IPO Madness, S i2i Updates

Last week, I sat down with a super investor one evening, who took the time to look at TTI’s strategy and results thus far, and shared his thoughts on how to “improve my productivity” (As he so gently and succinctly put it) Long time readers would know who I’m talking about. Apparantly, his friends are readers of SG TTI too. I can tell the said super investor spent some time understanding what I’ve done, as well as thought about what’s appropriate for me going forward. (Not every good strategy is appropriate!) That’s something I appreciate greatly. Subsequently, I’ve had...

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TTI’s Portfolio Review – FY17Q1

Before you know it, Q1 came and left. TTI’s portfolio generated an internal rate of return of 15.78% annualized. Total net assets under management grew by $105,937.67, from $943,815.80 at the end of FY16Q4 to $1,049,753.47 at the end of FY17Q1. These figures are nett of all fees. Looking at the AUM, a gain of about $100k in the 1st 3 months of this year isn’t too bad. Plus most of the companies I own have their financial year ends in March. This means that I haven’t received any dividends and would expect most of my dividend collection to...

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TTI’s New, Puny Position – S i2i

March has been an absolutely crazy month for me thus far, work-wise. Probably cos it’s sandwiched between 2 holidays, and I’m paying for my travel sins. It’s almost the end of the month, and I have not had a weekday lunch in the whole of March. That’s really not very healthy. It’s screwing up my GI system, and I’ll probably see the consequences 2 decades from now. But it’s just 1 of those things. That’s life. I hope that by then, someone has figured out a way to grow a whole new GI tract with genetic engineering. On the investing...

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Grass Is Always Greener On The Other Side… + CDW Holdings FY16Q4, TTI’s Thoughts

I did say there’ll be the occasional travel pics. This has to be one of the most beautiful places I’ve been to. Plus my son had crazy fun here. It’s a lot colder than it looks though, and somehow as age progresses, my homeostatic system isn’t as good and I don’t do so well with cold anymore. This was towards the end of last year in Austria, not now. Path leading to the ice caves (that’s the opening in the mountain). Boy, glad I did this. Not sure if I’ve the stamina in a few years time. This other...

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The One That(Barely) Got Away From TTI – Kingboard Copper Foil

I feel almost too lazy to write about this. A couple of months, a reader brought up several investing ideas to my attention. The kingboard copper foil situation in particular, was interesting to me because it’s an arbitrage situation, and the investing thesis would thus be different from your typical undervaluation thesis. All details blocked out for privacy reasons, the said reader would like to remain anonymous. Check out the date: Sept 2016. Well that’s an important point, as you’d see later. So I have had… 5 months? or so to work on this. I did take a quick...

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