I have written a couple of posts on the concept of cashflow recently. We have looked at how important for companies to maintain a good cashflow management structure to ensure they do not run out of money especially during credit crunch period. In this post, I am going a little personal and closer to what…
LMIR Trust – Placement issue @ $0.34/share
I can understand why existing shareholders of LMIR Trust are frustrated and this has sent the share price down by 6% today. Sometime in the mid of Sep earlier this year, the management had announced their intention to acquire Lippo Kemang Mall into their portfolio at a cost of $385 million. You can refer to…
Earnings Valuation Method – EPV vs DCF
Some people have stressed on referring to a few different metrics when analyzing a company. And they are rightly so. In this part 3 sequel of the posts, I will share on one of the earnings valuation methodology favored by Bruce Greenwald which is best used in conjunction with the Reproduction Cost value method discussed…
Reconstructing Book Value using Reproduction Cost Basis Method
Triggered upon comments from couple of fellow bloggers, Musicwhiz, GMGH, Richard and Jason in the previous post, I went to read further on Greenwald’s take on reconstructing the book value using a Reproduction Cost Basis methodology which I will talk in detail in this part 2 series of valuing assets and how when combined with other earnings metrics such as EPV which…
Price to Book value – How reliable is this metric?
Book Value is essentially a measure of all the company’s assets minus liabilities. In other words, they are your equities portion in the financial statements. Many times investors try to use the price-to-book metrics when deciding on whether to invest in a particular company. A quick way to look at this is through filtering of the…
Stop the obsession on the Networth!!!
We live in a society where most people are obsessed with their value of Networth. Look at the people around you. Flip across your favourite magazine or articles. You will see that Networth is the first thing being compared across the same breadth and depth. As financial bloggers, we are…
Oil drop sends bloodbath across the O&G market
Oil prices continue its downward spiral following OPEC decision to maintain production at the current level. Year to date, it has dropped more than 35% from its peak at $110/barrel to its current of $68/barrel. As a result, this has send O&G stocks going spiral downwards and bloodbaths across the market. If you must buy…
OUE LTD – Divestment of Crowne Plaza Changi Airport & Extension
OUE Ltd has just announced a proposed divestment sale of their crown jewel in Crowne Plaza Changi Airport (CPCA) and the future extension of Crowne Plaza Changi Airport (CPEX) to OUE-HT for a sale consideration of $290 million and $205 million respectively. Based on the assets valuation as of 31 Dec 2013, this would translate…
“Nov 14″ – SG Transactions & Portfolio Update”
No. Counters No. of Lots Market Price (SGD) Total Value (SGD) based on market price Allocation % 1. FraserCenter Point Trust 30 1.90 57,000.00 20.0% 2. SembCorp Ind 9 4.62 41,580.00 15.0% 3. Vicom 6 6.40 38,400.00 14.0% 4. China Merchant Pacific 40 0.99 39,600.00 14.0% 5. Ascott Reit 15 1.27 19,050.00 7.0% 6. Mapletree…
Recent Action – Stamford Land (2)
I accumulate a little more of Stamford Land today after the stock price consolidate at around $0.55. With this purchase, I now own 10 lots of Stamford having accumulated some in the past. I’ve also written a post in the past when I purchased them at a slightly higher price. See Here The fundamentals have…