Search Results for: ipo

Mind Share

By: Jay This concept should be familiar to followers of the guru and value investing as well. Essentially, we should invest in companies that have a market share of our minds. The bigger the better. Well, basically, we are talking about branding, but Mind Share sounds so cool right! So let’s just use this term indiscriminately in this post. For the uninitiated, let’s try to define what’s Mind Share. In today’s world, most of us suffer from information overload, everywhere we go, we get bombarded by sexy ads, bright slogans, spam emails, fancy taglines, funny ringtones etc. We used...

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RTO = Ready to offload

By: Level13 In the Business Times on Thursday: Backdoor listing is the flavour of the season as companies are taking the reverse takeover (RTO) route to the stock exchange instead of initial public offerings (IPOs). In the first half of this year, the value of announced reverse takeovers (RTOs) on the Singapore Exchange surged to US$969 million – an all-time high that even exceeded the amount raised through IPOs, year-to-date. Some US$797 million worth of RTOs were announced for the whole of last year – a record by itself – data from Dealogic shows. The first six months of...

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Successful Value Investing in Asia – Tony Measor

By: La Papillion I’ve not done a book review for some time, but this book that I read beckons me to review it, so that I can share with more people and also that I can remember the lessons taught. This book that I’m talking about is: Successful Value Investing in Asia – 10 timeless principles by Tony Measor. To be frank, I saw this book from major bookstores before but I rubbished it away. Perhaps in the past I saw this book with a different light than what I saw now. When I finished reading it yesterday, I...

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Synear Food Holdings: Looking better than an overpriced shit

By: Drizzt Background Synear Food Holdings Limited is a Singapore-based investment holding company. The Company and its subsidiaries develops, produces and sells quick-freeze food products under its Synear brand name. The Company produces a range of traditional Chinese staple food products, including savoury dumpling products, glutinous sweet dumpling products, and other products, including glutinous rice dumpling products and specialty desserts and snacks. Its operations are principally conducted in the People’s Republic of China. The Company’s business consists of the manufacture and sales of frozen food. The Company has a sales and distribution network in more than 20 provinces in...

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Shareholders’ Equity

By: Jay The balance sheet is basically an elaborated display of a simple equation. Assets – Liabiilities = Shareholders’ Equity or simply Equity What this means is that whatever assets that a company owns, subtracting whatever the company owes, gives you what’s left for shareholders. This is also known as the book value of the company. Shareholders’ Equity is usually at the bottom right of the balance sheet (Assets on the left side, Liabilities on the top right) and is usually broken down into the following sub components: Common stock Paid in capital Retained Earnings Preferred stock Treasury stock...

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Stock Analysis

Updated 2 March 2008 Drizzt did an analysis on another four company’s’ financial results – Sarin, Telechoice, Nutrifoods and Celestial Hong Wei. 28 February 2008 A slew of financial results were released during the past month and my fellow authors have been busy analyzing on the stocks that they have owned. I believe many people would also like to hear what the average investor has to say about their stock on top of reading analysts’ reports. Hence I will compile them and put it in an accessible to read format when I upgrade my blog template. Below is a...

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Market Update.

By: Kleer This weekly commentary was compiled by DBS Vickers this morning: Stay cautious this week, as the market is likely to continue its downward bias. The play on recent IPO listings has waned while S-chips could suffer more downside amid concerns about margin pressures as investors unwind. The impact of the credit crisis on the corporate earnings of US financial companies will be accessed. Expect financial companies to announce more losses stemming from their exposure to mortgage-related investments. Citigroup releases results on Tuesday, JP Morgan Wednesday and Merrill Lynch on Thursday. The releases of December US PPI and...

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Derek (2007 Portfolio Overview and 2008 Action Plan)

By: Derek Lim My 2nd year into stocks and it has been a pretty messy year. I applied for almost half the IPOs this year thinking that I can make a quick buck, tried contra, applied for rights, use my CPF to buy stocks and buying on broker’s recommendation all with mixed results. I’m fortunate that I did not suffer too much a loss because 2007 has been a relatively strong year but I’m determined not to repeat the same mistakes again as I’m very sure that I will get burnt real bad one day. Lessons Learnt: Keep your...

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Of estimates and consensus thinking

By: Jay I attended an investment session where the instructor asked the class (of around 20 pple) to estimate the size of Thailand vs Singapore. Was it 50x bigger? Or 100x bigger? Or 500x or what? He wanted to prove a point. The true answer will lie in the range of everybody’s estimate. Bcos someone was bound to get it right. Well his point was quite valid, in the end, the answer did lie within the range of everyone’s estimate. But what was more striking to me was that most estimates are wrong and some VERY WRONG. For those...

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Is there any reason for the fall in high yielding dividend counters?

By: Drizzt I know alot of folks are fans of high yielding stocks and are heavily vested in it. If you have notice recently, alot of these high yielders are falling like flies. What happens in such a situation? the yield gets more attractive. some good examples are MIIF, Allco REIT, Cambridge REIT, Babcock & Brown. So do they make a good buy now? I’m still investigating the repurcussions of the subprime mess and credit squeeze and their effect to these counters. Personally for me to be vested, I would really need a bloody large yield to make me...

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Preservation of Capital – A Central Tenet of Value Investing

By: musicwhiz With Mr. Market currently being so manic-depressive and seeing only bad days ahead, it is important to remember that he is there to serve you, not to instruct you. The pervasiveness of his mood swings has the ability to affect all but those who inherently understand the true value of a business. Market watchers and pundits who are paid to say something about the market everyday will come up with a myriad of reasons why Mr. Market is pessimistic, and a dearth of bad news will continually stream in to reinforce this perception. Thus, the resultant effect...

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Barriers to Entry

By: Jay To determine whether a company has a business moat ie whether it can defend its turf when competitors come in, we look at what is called Barriers to Entry, one of Porter’s 5 Forces. I have identified a few common barriers but I must point out that the list is not exhaustive. Other barriers exist and it takes experience and knowledge to identify them. Again, investing is about life-long learning and hard-work. It is not about get-rich-quick. Market share This is the most basic edge a company can have over its competitors. When a company is the...

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Ascendas India REIT

By: Derek Lim Hard-luck. Even for a fairly big IPO like this, I’m still unable to get any. Come to think of it, my only two successful IPOs (ChinaRetail Investment Trust and CitySpring) was applied via DBS and none of was successful via UOB. Despite the low yield, I believe that AscendasIndT is a good stock for the long term. My initial plan is to buy only 1 lot and being the typically “Kiasu” Singaporean, I bid 1 lot at $1.60 and another at $1.78 (I estimated that it will open in this range). However, the opening price was...

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