Author: Dividend Town

IREIT Global

On 23 May 2017, purchased 10,000 shares of IREIT Global at $0.755 per share. IREIT Global is a pure focused Europe office reit listed in SGX which comprises of 5 freehold office buildings in Germany. Distribution per unit is  SGD 0.0633 for FY 2016 , however the distribution policy for FY 2017 is 90% of the income instead of 100% of the income. That will translate to DPU of SGD 0.05697. Based on my purchase price @ $0.755, the yield will be 7.55%. Occupancy rate is at 99.8% , WALE is 5.9  years. Last year, Tikehau Capital a pan Europe...

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TalkMed Bonus Shares

On 9 of May 2017, I received 5000 new TalkMed shares based on its 1 bonus share for 1 existing share issuance. After cum bonus the share price drops in tandem to $0.80 range. Based on my initial cost price for 5000 shares at $1.1+ , I stand to gain a gross profit of $2500 if I sold all my 10000 shares at $0.80 . Alternatively I can sold 8000 shares to lock in $900+ profit and keep the remaining 2000 shares for free ! The last option is to keep all the shares to collect dividends & to...

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March Actions

On 17 March 2017 , Sold 1450 Ascott Residence Trust Rights share at average price of  $0.13393. After deducted brokerage fee, net in about $170 +. I decided not to subscribe the rights because I intend to initiate a position in Mapletree Logistic Trust which is rising steadily & 2 growth stock which recently catch my attention. 1 of the growth stock is Alliance Mineral ,the only Lithium resource stock in SGX but after careful consideration, I decided not to purse it further because the great risks of not finding more lithium in quantity will set this stock value to almost nothing. However “富贵险中求” ,...

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Disposal of IHC shares.

On 23 February, sold 20,000  IHC shares at $0.106 per share. The Riady family swopped in for the kill which is unexpected because I have previously thought they intend to have a substantial stake in IHC & restructure the business hand in hand with the Oxley’s duo to further unlock the value of IHC but I have underestimated their intention. So I decided to take profit eventually as my position is very small on IHC. Although the profit is very small but not losing is considered winning ....

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TalkMed FY2016 Financial Result & Proposed issue of Bonus shares

On 22 February 2017 , TalkMed had announced a bonus issue of new ordinary shares in the share capital of the Company (the “Bonus Shares”) to the shareholders of the Company on the basis of one Bonus Share for every one existing ordinary share . It is definitely a good news to me as the price have surged up by more than 30% based on my entry price. I might dispose some of my TalkMed shares after cum bonus which I will  blog about it in the future. The balance sheet is still strong with little debts. Operating Expenses...

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Purchase of International Healthway Corp (Update 1)

Initiated a small position on IHC on 13 February 2017. This Company drew my attention when IHC shareholders, lead by Oxley Chief Executive & Deputy Chief Executive who controls about 26% of IHC stake voted out the entire board of IHC on 23 January 2017 . At the same time, OUE controlled by Riady’s family had announced that it had acquired 12.54% stake in IHC on 23 Jan 2017 & it was further increase to 21.83% on 8 February 2017. Both transaction by OUE are at $0.077 per share. A glance at IHC business & assets revealed why OUE are keen in...

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Purchase of Ascott Residence Trust

On 27 January 2017, bought 5000 shares of Ascott Residence Trust at $1.185 each. As my focus is to build a REIT portfolio this year ,I will  be doing a positon sizing for my REIT holding which means a certain fixed percentage of my cash will be allocated to each REIT stock equally to cushion any downside. Ascott , one of the world’s largest serviced apartments & rental housing owner and operator , it operates in Asia Pacific, Europe and North America region. A serviced apartment is basically a furnished apartment which rents out to corporation employee & general public for...

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Silverlake Axis.

On 19 Jan 2017, purchased 20,000 shares of Silverlake Axis at $0.570 each. Since the year 2014. I have been following on this stock however I categorize it’s as a high growth & high risk stock which prevent me from initiating a position . But its constant excellent financial result & transformation keeps luring me back & eventually I decided to buy it . A brief introduction of the Company : Silverlake is a Software and Services Solutions provider for the Banking, Insurance, Payment, Retail and Logistics industries. It is also the leading software provider for banks in South East Asia. About 40%...

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TalkMed investment on Hong Kong Integrated Oncology Centre (HKIOC)

An update on TalkMed investment on Hong Kong Integrated Oncology Centre (HKIOC). I sent a mail with the below mentioned in blue ,the reason she provided is due to the nature of its business which required high sunk cost . No time line is given when will the Company investments bear fruits but it may take “some time”. Hi, As an  investor , i will like to know when is the Company expected/targeted  breakeven for it’s investment in HKIOC? Could you also please explain what is the major factor that contribute to HKIOC losses to date. And the reply as follow:...

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18% returns for UOB

On 18 Jan 2017, sold 400 UOB shares at $20.71 each. This transaction net me a profit of $1311+ This translates to 18.87% returns over a holding period of 11 months. Fundamentally, there is nothing wrong with UOB however if I chose to hold this stock , I will be getting 4% yield annually based on entry price @ $17.33 /$0.70 dividend. Not too bad but still not good enough as I want money to work harder for me. Compared to risk free Feb Singapore Saving Bonds yield at 2.44% , the risks I have to stomach for an...

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FY2016 Dividend & Trading income

Compared a few years ago ,I am  now cautious of trading the market frequently to earn faster & bigger returns. But old habit kicks in , sometimes i will initiate a large trading position to make some quick bucks. Perhaps my instincts have turn rusty,  lost a few opportunities to sell my trade position in blue chips stocks else the trading income will be at least 10k +. Nevertheless, this year  i will be focusing to build my REIT portfolio . For the year 2016, I had collected $15629.29 in dividend income & $1439.44 in trading income Total income FY2016 at $17068.73. That will...

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Singapore Press Holding Annual General Meeting 2016

The cold weather and drizzling rain dampen my mood , forced myself to attend this AGM and was expecting low turn out due to the weather & no Bento set was to be provided as notified by SPH. To my surprises, the turn out was great though many lamented the lack of food.Surely enough the first question thrown to Chairman Lee was why did SPH could donate 350 thousand for charity , sponser musical event  and ScholarShip award every year but was petty towards Shareholders for a once a year AGM event . Some shareholders even suggested to give NTUC vouchers...

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SPH FY2016 Financial Results

Operating revenue decreased by 4.5% from $1.17 billion (FY15) to $1.12 billion (FY16). Operating Profit down by 13.7% from $353 million (FY15) to $305 million (FY16). Investment income remains little change at $51.7 million as compared to FY15 Profit after tax down by 17.4% from $370 million (FY15) to $306 million (FY16). SPH online classified business is slowly gaining ground as losses reduced from $38 million (FY15) to $24 million(FY16). Revenue from Property segment cushioned the fall in FY2016 total revenue. Although Operating costs fell by 2.7% , Staff costs & other operating expenses form 57.7% of the total operating costs. With declining...

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Talkmed Half Yearly Financial Result

Half Yearly revenue increased by 4% from $32.09 million (FY2015) to  $33.47 million (FY2016). Other income increased by 36% from $0.19 million (FY2015) to $0.26 million (FY2016) due to interest from fixed deposits & government grants. However operating costs is creeping up very fast, with operating lease expenses up by 54% from $0.47 million (FY2015) to $0.73 million (FY 2016). Other operating expenses increased by 39% from $0.66 million to $0.92 million due to overhead expenses from Stem Med which is a subsidiary of TalkMed which commenced operation in  July 2015. Losses from TalkMed 30 % share of investment in HKIOC...

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