Search Results for: ipo

Croesus Retail Trust ("CRT")

CRT is offering 229.118m Units at $0.93 per unit for an IPO on the Singapore Exchange. The prospectus is here. It is the first retail business trust with properties in Japan to be listed in Singapore. The IPO will close on 8 May 2013 12pm and be listed on 10 May 2013 at 2pm. 207.613m will be for placement and 21.505m for the public. Business Trusts Versus REITs CRT is offered under the business trust structure. While previously i have been cautious on business trust structures, i think my perception has since “improve slightly” as there is no reason...

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Finding Undervalued US Stock: Coach Inc

Background Coach is one of the most recognized brands in the luxury goods industry. It is a leading marketer of fine accessories for women and men, including handbags, women’s and man’s leatherwear, footwear, travel bags, watches, fragrances and related accessories. Coach was established in 1941 and sold to Sara Lee for $30 million in 1985. Sara Lee Corporation then sold 19.5% of the shares in an IPO in October 2000. Since listing of the company in New York Stock Exchange, Coach has grown to be the number one brand within the U.S premium handbag and accessories market. Business Model...

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Croesus Retail Trust ("CRT") Preview

This is a funny name which i don’t really know how to pronounce it. Should be read with a “silent e”? Anyway, i am looking at this now because i have to indicate whether i am interested in it but i am not going to do a detailed analysis until it is launched.  CRT is the first Asia-Pacific retail trust that has its “initial portfolio” located in Japan and it is the second attempt in which it is trying to list on the SGX. Saizen is the other REIT that came to my mind, but it is focused on the residential...

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GDS Global Limited Balloting Results ("GDS")

Here you go, the balloting results for GDS. The issue (including the placement tranche) is about 13x oversubscribed. I have to support this since CIMB is so “brave” to let the public participate. More of a “moral support”. :P Those who applied for 100 lots will get a 20% chance and receive 4 lots.  Mr IPO’s result 5 lots for me. It will be a “hit and run” for me and hopefully, a profitable punt....

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GDS Global Limited

GDS Global Limited (“GDS”) is offering 17.5m shares at $0.25 each, comprising 12m New Shares and 5.5m Vendor Shares for IPO on the Catalist. 1m shares will be for public offer and the balance 16.5m share via placement. The offer will close on 17 April 12pm and starts trading on 19 April. At least CIMB is doing something more “courageous” than some other boutique outlets. It is letting public investors have a “chance” to play in the Catalist field and i must applaud them for that. According to the prospectus, GDS is one of the leading commercial and industrial...

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Annual Reports – How to read it?

I received 3 hard copies of annual reports recently. What insights can you gain from the annual reports? Let’s use a simple annual report on Riverstone as example. The link to the soft copy is here and can be found on the SGX website. Company’s Vision It is important to know what the Company’s vision is and whether the vision has changed from prior year. In this instance, the vision is as follows: Profitability Trend You can also see at one glance the profitability trend, financial ratios and the dividends declared. In this instance the revenue is growing nicely...

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What I’m Reading This Week

Do Millennials Stand A Chance in the Real World? (NYT) Your Lifestyle Has Already Been Designed (Raptitude) Meet the Man Who Sold His Fate to Investors for $1 A Share (Wired) – crazy dude who took the idea of LifeTests one step further.  What Matters More: Your Network or Skills? (Scott Young) As Stocks Mark All-Time Highs, Many Investors Are Left Behind (Washington Post) – great investing advice by one of my all-time favorite bloggers, Barry Ritholtz. Anyone starting out in investing should read this. How I Learned To Believe in Myself (Ramit Sethi) The Secrets of Princeton (NYT)...

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My stocks portfolio – Mar 2013

My holding period return was 3.02% in the month of March 2013. Since the beginning of the year 2010, my overall holding period returns translate to 11.96% in annualised return.There were 2 transactions in the month of March 2013. Sold Lippo Malls, at 26.85% gain (excluding dividends) Bought Mappletree Greater China Commercial Trust (IPO), average price at $0.93 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec FY 2010 -1.75% 1.36% 2.98% 4.36% -7.12% 4.40% 4.49% -1.38% 6.76% 3.09% -1.61% 3.93% 20.38% 2011 -0.03% -4.77% 2.07% 1.29% -0.32% -2.39 -0.33% -8.34% -6.53% 7.52% -7.05% 0.52% -17.85%...

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Report Card Q1 2013

As of 26 Mar 2013: Additional Cash Infusion: 0Current Cash Hold: 19.3%Profit Extracted: 0 – Loan fully returnedYTD Returns: -3.6% What a horrible first quarter of the year! I managed to liquidate some stock holdings at a profit to stem the bloodwash from another large holding. Those gains have helped to reduce the losses. Now I am holding almost 20% of my portfolio in cash to wait for an opportunity. I have to learn to be better at exiting when the stocks prices are high. What is not reflected here: I have gotten a largish allocation for an IPO...

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My Lazy Man Portfolio

Recently there have been several articles on the “Permanent Portfolio”. Not to be outdone, I’ll write about my own “Lazy Man Portfolio”. There is no need for complicated mathematical formulas, spending hours on charting and various tools or gouging your eyes out on reports and numbers. Warning: this is not for the faint-hearted. If you are not ready for it, do not read the rest of the section.           In case you are wondering what kind of strategy this is, it is NOT. I’m just using this term to describe my own very boring portfolio....

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Overseas Education Limited – FY2012 Results

Overseas Education Limited (“OEL”) announced its FY2012 results. I have recently added the counter to my SRS account. The post is here. The results as follows”: Revenue increased by 7.9% to $96.4m and net profit increased by 6.1% to $20.7m. My profit forecast in my IPO write up was $18.95m.  The EPS is 7.8c based on the pre-ipo shares but if based on the total number of outstanding shares, the EPS will be 4.97 Singapore cents versus my forecast of 4.85c. As you can see, i try to be more conservative in my forecast. :-P This translate into a...

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Mapletree Greater China Commercial Trust Balloting Results

Mapletree Greater China Commercial Trust will start trading at 2pm tomorrow. The balloting result is as follows: Placement Tranche The placement tranche was 38.1x subscribed. The cornerstone investors were mentioned in my IPO write up here. Public Tranche The public tranche was 8.9x subscribed. Investors who applied between 50 to 199 lots will have the best chance of getting the shares. The balloting table is below: My IPO results It is apparently easier to get more shares from the ATM than from the placement tranche and I don’t have to pay the 1% placement fees. I got 10 lots...

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Overseas Education Limited

Today i added 10 lots of Overseas Education Limited to my SRS account at 58c each. I have covered the company in my IPO write up here. My estimate is that the yield is probably around 4+% at current price.  The chart is for reference and probably not important given that this is a long term buy. Happy...

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Passive income from Blogging (part 2)

As promised, this is the continuation from my earlier post on 29 September 2012. Today is a milestone in my “blogging life”. I finally reached $100 for my Nuffnang account. This is after my first $100 since 28 Oct 2007….5 years 4 months and 5 days….. I am going to click “cash out” and hopefully, it will not turned into a “kana played out” after so long. hahaha I shall wait up till 30 days to see if i am going to be paid. I have previously shared with you that Google adsense is a good product you should...

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Singapore REITs Comparison Table for Dividend Investment – Mar 2013

Added Mapletree Greater China Commercial Trust (MGCCT) in the Singapore REIT comparison Table. Very tempted to subscribe? This means Mapletree Investor Relationship has done a good job in hyping everyone up. Don’t get me wrong, MGCCT is a good REIT but unfortunately it is over value base on NAV and have high gearing. I am giving it a pass because it does not meet my criteria. There is NO Right or Wrong reason when come to investing in REIT, it very much depends on your objective,  risk appetite and your own criteria. You still can invest in REIT although it is...

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