As from April 2013 my Journey in Investing is to create Retirement Income for Life till 80 years old for two over market cycles of Bull and Bear.

Welcome to Ministry of Wealth!

This blog is authored by an old multi-bagger blue chips stock picker uncle from HDB heartland!

"The market is not your mother. It consists of tough men and women who look for ways to take money away from you instead of pouring milk into your mouth." - Dr. Alexander Elder

"For the things we have to learn before we can do them, we learn by doing them." - Aristotle

It is here where I share with you how I did it! FREE Education in stock market wisdom.

Think Investing as Tug of War - Read more? Click and scroll down



Important Notice and Attention: If you are looking for such ideas; here is the wrong blog to visit.

Value Investing
Dividend/Income Investing
Technical Analysis and Charting
Stock Tips

Friday, 30 March 2012

Q1 2012 Investment Performance Report

A goal-based investing approach

I use a goal-based investing approach by setting a 10-year goals target to achieve for each year from 2012 to 2021.

Q1 2012 Result

Achieved 24.3% of 2012 Year Goal.













Portfolio XIRR

Track, measure and visualise - without doing it how to revise investing strategies and improve year-on-year investing performance.

My portfolio XIRR includes all investible cash plus the current stocks value at market closing price as on 30 Mar 2012.

Since one year ago: +10.8%
Since 1 Nov 2008: +12.3%
Since 1 Jan 2003: +12.4%
Since 1 Jan 2000: +11.0%

From the above multi-years XIRR value, I believe my  investing performance is quite consistent.

















Riding market cycles of Bull and Bear

STI has not reached its previous peak at Oct 2007; but my portfolio value has recovered near the previous peak value at Oct 2007.












How is my investing skills contributing to my net worth and financial independence dream?













34% of my net worth comes from net gains from short-term trading and long-term investing part-time activities in the local stock market (SGX).

net gains = total stock dividends received + realised P/L + unrealised P/L as on 31 Mar 2012 market closing.


As for reaching financial independence stage, it is still some distance to go.
















This time is different from Oct 2007

In 2007, I was the Cinderella in the stock market






leaving the stock market too late and left behind the Glass shoe.


It took me more than 4 years to find it back. Sianz!!!!


Why this time in 2012 it is different?



In Oct 2007, I have too many stocks but too little investible cash available for the bear market. In 2012, I will have much more cash available for Mr Bear. It is 781% times more than 2007. See the difference. This time, I no scare of Bear!













Wednesday, 28 March 2012

Keppel signs LOI to build repeat accommodation semi worth US$315 million for Floatel

Singapore, 28 March 2012 - Keppel FELS Limited (Keppel FELS) has entered into a Letter of Intent (LOI) with returning customer, Floatel International Ltd (Floatel), to build a new generation harsh environment accommodation semisubmersible (semi) worth US$315 million for delivery in July 2014. A further announcement will be made when the contract is signed. This will be Floatel’s fourth accommodation semi with Keppel FELS after the delivery of Floatel Superior and Floatel Reliance in 2010 and the order of Floatel Victory in 2011. The new semi will be based on the Floatel Superior design, a DSSTM 20NS design developed by GustoMSC and Keppel FELS’ Deepwater Technology Group. Equipped with Dynamic Positioning (DP) 3 capability, it will meet the most stringent rules and regulations for worldwide operations including the Norwegian Sector.


Mr. Peter Jacobsson, CEO of Floatel, announced, “We continue to build our fleet of highly capable accommodation vessels such as Floatel Superior to meet global demand for safe and cost efficient service. Floatel International has an excellent organisation which positions us favourably for strengthening our niche offering in this market segment. The DSSTM 20NS has been a proven design for us, with Floatel Superior achieving excellent performances wherever she has operated; First for ConocoPhillips Australia in the Timor Sea and presently for Statoil in Norway’s Oseberg field. “In growing our fleet of next generation accommodation semis to meet the needs of the market, Keppel FELS has been a good partner for us in terms of reliability and quality, with an established track record of delivering on time and on budget.” When completed, the new semi will be able to accommodate 440 persons in single bed cabins with ample recreation areas as well as office amenities. Well equipped with a host of modern facilities, the vessel is ideal for construction support during new construction, maintenance activities or for decommissioning projects of offshore oil and gas installations.

Mr Wong Kok Seng, Managing Director of Keppel FELS said, “Keppel-built and designed accommodation semis have proven their worth wherever they have been deployed. We are proud to note that all our semis for Floatel have been chartered with good performances and are pleased to support them as they grow their fleet to become a leading operator in their niche. We look forward to provide yet another highly capable accommodation semi to Floatel safely, on time and within budget.”

Floating accommodation platforms are needed to provide additional living quarters for drilling and production personnel. Such support is required during hook-up and commissioning in the development phase, for maintenance and upgrading during the production phase, as well as for decommissioning. The two Floatel rigs delivered in 2010, Floatel Reliance and Floatel Superior, have been chartered to Petrobras in Brazil’s Campos Basin and to Statoil in Norway’s Oseberg field respectively. Floatel Victory which is scheduled for delivery by Keppel FELS in 1Q 2014 has secured a charter with BP Exploration Operating Company for the Clair Ridge Development project on the UK Continental Shelf. The aforementioned transaction is not expected to have any material impact on the net tangible assets or the earnings per share of Keppel Corporation Limited for the current financial year.

Tuesday, 27 March 2012

My top 10 realized gains counters


Just For Thinking ....

Here are my top 10 realized gains counters as of today after so many years in the local stock market SGX:

Realized gains = total dividends received + total realized P/L

  1. Kep Corp
  2. SPC
  3. Semb Corp
  4. ComfortDelgro
  5. Semb Marine
  6. DBS
  7. Noble
  8. Kep Capital
  9. Olam
  10. ST Engg
What are these counters?



So what is the moral of the story?

CPL



Smart Money Grabbers over dummy investors (5)

Read? Smart Money Grabbers over dummy investors - IV

SINGAPORE : Three directors of investment firm Profitable Plots were charged on Tuesday with conspiring to cheat investors of US$2.4 million.


They are Britons 58-year-old Timothy Nicholas Goldring and 53-year-old John Andrew Nordmann, and Nordmann's Singaporean wife, 44-year-old Geraldine Anthony Thomas.

The trio, who allegedly committed the offences between 2008 and 2010, were charged with 86 counts of abetment by conspiracy.

They allegedly duped their victims into investing in a scheme to buy a product, Boron CLS Bond, a chemical-based lubricant technology.

The victims were then allegedly deceived into forking out between US$2,000 and US$300,000 each time.

Their case will be mentioned again on April 10.

For abetment by conspiracy, they could each be jailed up to 10 years and fined.

- CNA/ms

Investing vs Trading (5) - Key differences???

Read? Investing vs Trading (4) - Two great attributes of long-term investors

The more I read on those debates on investing vs. trading, the more I am convinced.

The key differences in good investors and good traders.

Good investors: They have guts and patience. When it is time to act on their ideas and belief, they dare to bet big.

Good traders: They have great skills in market timing and consistency is the way to go.

I think it is harder to be good traders than to be good investors.

Monday, 26 March 2012

SWIBER SCORES IN GULF OF MEXICO MARKET WITH US$273 MILLION CONTRACT WIN

- Winning season with third consecutive contract announcement in less than three months of 2012



- Strong order book visibility reflective of strong momentum in the offshore oil and gas industry

Singapore – March 26, 2012 – Swiber Holdings Limited (“Swiber” or together with itssubsidiaries, the “Group”), a world class integrated construction and support services providerto the offshore industry, announced that it has secured another sizeable contract through alocal collaboration with Dragados Offshore (“Dragados”), totaling approximately US$273 millionfor offshore construction work in the Gulf of Mexico.

This latest contract win awarded by an oil major from the Gulf of Mexico, entails offshoreconstruction works for the procurement, transportation, and installation of pipeline in the Gulfof Mexico. Work for this project will commence immediately this year and will carry on into 2013.

Commented Mr. Francis Wong, Group Chief Executive Officer and President of Swiber, “Our strategic collaboration with Dragados enables both companies to provide a consolidated source of expertise and offer turnkey solutions to the offshore oil and gas industry. This puts us in a strong position to bank on the vast opportunities in the Gulf of Mexico region.”

With this third consecutive contract announcement in less than three months of 2012, Swiber’s order backlog continues to strengthen with steady growth.

Sunday, 25 March 2012

Hougang home grown sweet potatoes!!!


Just For Laugh ....



What a harvest!!!
Hougang home grown sweet potatoes. Pesticide free.
We reap what we sow.
hee hee!


Kep Corp : Lacking in new orders in Q1 2012


Q1 2012 ending soon, it seems to be lacking in new orders announcement. How come???


For how long can we control our mind? Don't need to talk about investment! (2)

Read? For how long can we control our mind? Don't need to talk about investment!

What we see in our TV ads on dementia may be quite mild. This is what I see in my dementia mother-in-law ..

  1. She went out for a stroll in the nearby areas and came back home bare-footed without her shoes and not even knowing that she was not wearing shoes.
  2. How about wearing three socks on one leg and two socks on the other leg and at same time wearing two long pants.
How can we prepare ourselves? Scary man!!!

Saturday, 24 March 2012

Insurance - Enhanced Endowment Policy Suck! (3)

Read? Insurance - Enhanced Endowment Policy Suck! (2)

This year, I didn't receive any "tulan" announcement of further bonus cut. It seems that bad market condition is temporary over.

After paying premiums for the last 15 years, the Net Surrender Value is 95.4% of the total premium paid.

It didn't even manage to break even after 15 years. Insurance is really about protection and don't ever let your friendly insurance agents convince you that insurance is a good platform for forced saving and investment. You can't trust the insurance companies to take care of your investment portfolio. If you want better returns, you may have no choice but to get your hands dirty and learn to be financial and investment savvy.




Getting to the heart of critical illness claims

Sunday, 21 l 11 l 2010 Source: The Sunday Times


By: Lorna Tan

Newer insurance plans and riders allow multiple claims, reports

Breast cancer patient Theresa Tan was shocked when her insurer rejected a claim she had made against her critical illness policies in August. Ms Tan, 42, had bought three critical illness policies from the same insurer at different times. However, her claim was turned down as none of her critical illness plans covered her medical condition, which is an early stage breast cancer known as ductal carcinoma in situ.

She had undergone a mastectomy in June and, so far, appears to be free of cancer. She was unaware that under the terms of traditional critical illness plans, only those afflicted with a later stage of cancermwould qualify for a claim. She claimed she was not informed of this even though she had emphasised to her agents that her mother had died of breast cancer and that she wanted to be insured against the risk.

Ms Tan has a separate hospitalisation and surgical policy which covered her hospitalisation bill of about $30,000. In a nutshell, a traditional critical illness plan pays a lump sum if you are diagnosed with one of 30 major illnesses. The payout helps to defray living expenses when one is recuperating, to pay for ancillary medical expenses, and can be used for reconstructive surgery such as breast reconstruction.

A downside is that once you are awarded with a payout, the policy is usually terminated and you are left with no critical illness cover. Until 2006, most critical illness plans covered only one occurrence of a critical medical condition. Since then, insurers such as AIA, Aviva, AXA, Great Eastern, HSBC, Tokio Marine and Prudential have launched critical illness plans or riders that cover early stages and/or multiple occurrences of illnesses. In Ms Tan’s case, she would have qualified for a claim if she had bought an early payout plan. The Sunday Times highlights some of these enhanced plans.

AIA Complete Critical Cover

It allows policyholders to make multiple claims over the life of the policy, with total payouts of up to 200 per cent of the insured amount. This means that if the sum assured is $200,000, the plan can pay up to $400,000. The payout depends on the severity level (early, major, or catastrophic) of the critical illness. For instance, up to 25 per cent of the sum assured is claimable upon the diagnosis of an early stage critical illness.

Mr Paul Hughes, chief marketing officer at AIA Singapore, highlighted that the “catastrophic” critical illness benefit covers five medical conditions – cancer, stroke, heart attack, major organ transplant of the heart and kidney and paralysis (loss of use of limbs) – with the first three conditions accounting for the vast majority of critical illness claims.

The plan offers a one-time payout for a major cancer relapse, which is a second claim on cancer upon a recurrence. The “catastrophic” critical illness benefit provides coverage up to age 75, with guaranteed yearly renewal. In addition, premiums are waived upon a “major” critical illness claim of up to 100 per cent of the insured amount payout, noted Mr Patrick Lim,associate director at financial advice firm PromiseLand Independent.

Aviva Ideal CI Protector (termplan) with CI Recovery

Benefit Rider

Launched in 2006, the plan and the rider allow for two critical illness claims. The rider provides cover for a second unrelated critical illness but that second claim is limited to 75 per cent of the critical illness benefit amount in the basic policy.

This benefit is provided on the basis that the first critical illness event was diagnosed before the person whose life was assured turns 65 years old. There is a one-year waiting period from the date of diagnosis of the first critical illness event in the basic policy before the second critical illness claim can be paid. A plus point is that it provides cover until the age of 99.

AXA HealthPro Multiple

Benefit Rider

Launched in July, this is sold as a rider to AXA’s HealthPro Growth and HealthPro Living whole life basic plans. Customers can claim up to five times under the bundled plan plus rider, of which up to three can be cancer claims.

The diagnosis of cancer in the subsequent cancer claim must be made only after the expiration of a five-year cancer-free period. Other than cancer, there is a one-year waiting period imposed for another claim. And only one claim is admissible under each of the other critical illness categories. Apart from critical illness claims, the rider provides an additional $5,000 lump-sum death benefit. Future premiums for the rider are also waived upon the first successful critical illness claim.

Great Eastern (GE) Early-Payout CriticalCare

It covers up to 60 medical conditions, which range from the early stages, or less severe, to the advanced stages of critical illnesses. A plus point is that it allows customers to claim as and when the need arises, up to 100 per cent of the sum assured.

GE customers enjoy the benefit of multiple claims with no waiting period required between submissions of claims. This applies to claims made across different critical illnesses or across severity levels of the same illness. This plan may be purchased as a term policy or as a rider. For the rider, the early payouts will not deplete the basic sum assured in the basic policy.

GE’s chief executive (Singapore), Mr Tan Hak Leh, said that the payout can be used to maintain a policyholder’s existing lifestyle expenses should he need to stop work while undergoing treatment or while receiving home nursing care. “It allows him to seek the much-needed treatment before the illness progresses to a life-threatening stage,” he added. PromiseLand’s Mr Lim noted that a downside to this plan is that the cover ceases at age 75.

HSBC VitalCare (termplan) with VitalVantage Rider

The plan bundled with the rider offers two critical illness claims. It pays 80 per cent of the sum assured for the second claim for a critical illness that is unrelated to the first claim, noted Ms Tang Yin Fong, wealth management firm Providend’s risk management senior specialist.

Prudential’s PruMultiple and PruEarly Stage Crisis Cover

PruMultiple Stage Crisis Cover pays up to three critical illness claims with a limit of just one claim from each of the seven groups of critical illnesses. But it allows up to two claims for cancers, subject to a five-year cancer-free period, and an additional one-time payout for angioplasty and other invasive treatment for coronary arteries, said Ms Tang.

Future premiums are waived upon the first claim, subject to some conditions. Last month, Prudential launched its PruEarly Stage Crisis Cover in a bid to provide complete critical illness solutions for customers. Like GE’s product, it allows for multiple claims and there is no waiting period required.

Tokio Marine’s TM Peace of Mind (CancerCare)

As its name suggests, it is payable for claims arising from cancers only. You can claim up to five times for early cancer, each time on a different affected organ. There is no waiting period between each claim. If you are diagnosed with an early stage cancer, the payout is 10 per cent of the sum assured subject to a cap of $30,000.

If you have a major cancer on the first claim, the insurer will pay the sum assured. The maximum sum assured for this cover is $300,000. The cover ceases at age 70, which is a minus point. As it is a cancer-only cover, the premiums are lower compared to those for other enhanced critical illness plans.

Based on a sum assured of $200,000, the annual premium for a 35-year-old man (non-smoker) is $1,006 for cover until age 70, according to Mr Lim of PromiseLand. For other enhanced covers, the annual premiums would exceed $2,000 based on similar assumptions. An exception is PruEarly Stage

Crisis Cover, which allows only a maximum sum assured of $100,000. Mr Lim noted that for this cover, the annual premium for a 35-year-old man (non-smoker) is $1,338 for a term of 40 years.

WHAT FINANCIAL EXPERTS SAY

Enhanced critical illness plans receive the thumbs up from Mr Patrick Lim of PromiseLand Independent. This is because the older generation of critical illness products do not provide comprehensive coverage and usually allow only one critical illness claim. As the cover is usually bundled with a whole life or term plan, the protection from the main plan terminates when a successful critical illness claim is made against the policy.

The new-generation critical illness plans address the need for early payouts and, for some plans, they provide the potential of multiple claims up to five times, said Mr Lim. When considering such plans, his advice is to go for a long-term cover beyond the age of 75 as the incidence of critical illnesses tends to increase with age.

On the other hand, Ms Tang Yin Fong of Providend believes that the traditional critical illness plan is sufficient for most people unless one is self-employed. This is because the traditional critical illness plan is payable only for advanced stages of a critical illness. And it is really when we are severely ill that we may end up with not just hefty medical expenses, but also a loss of income, she explained.

It may seem easier to claim from an “early payout” policy because it is increasingly common to detect critical illnesses early, thanks to medical advancements and the growing popularity of periodic health screening. However, Ms Tang highlighted that each payout is generally just a percentage of the insured sum, and therefore may prove to be relatively small.

This may not justify the much higher premium of such a plan, which may be double that of a traditional critical illness plan. “Moreover, we may well be able to manage the much lower cost for early treatment, especially so with a right H&S plan. “A quicker recovery from early detection and treatment may also mean minimal disruption to income earning, so the provision for income replacement from an enhanced critical illness plan may not be necessary at this juncture,” she added.

Nevertheless, if a person’s budget allows, the “enhanced” plan can be a supplement for a portion of critical illness needs. This is particularly relevant for those who do not draw a regular income or whose income earning occurs on a daily basis and who may not enjoy any employment benefits such as medical leave. In the event of an early stage critical illness, such people are likely to be at risk of income loss while undergoing treatment and during recuperation, said Ms Tang.

Mr Tomas Urbanec, Prudential Singapore’s chief marketing officer, pointed out that the premium rates of an early stage crisis cover may be higher as they reflect the higher probability of a claim. “The lump sum benefits from these products will cover medical expenses that the hospitalisation plan may not pay for, such as co-insurance and deductibles and reconstructive surgery unless it is medically necessary. They could also be used to pay for mortgage instalments and children’s education fees, replace loss of income, and aid in lifestyle changes to adapt to life after a critical illness,” he said.

----------------------

Createwealth8888

Insurance is for protection and long-term commitment of payments i.e. long-term committed expenses that trade off against more money for future investment growth when we may become more investment savvy. You should really take your time to evaluate. A minimum requirement is to have a comprehensive medical insurance (H&S) and adequate term insurance coverage.


Friday, 23 March 2012

Who has little CPF left when they reach 55?

Just For Thinking .....

Who are those likely to have little CPF left when they reach 55?

Home upgraders???

They have upgraded their first home and take on new loan for another 25-30 years; and also have spent off their gains from their home sale.

Blame who? Government of course!

Read? Upgrading your residential home???

Singapore's inflation rate eases to 4.6% in February

SINGAPORE: Singapore's inflation rate eased to 4.6 per cent on-year in February 2012, from 4.8 per cent the previous month.


The rise in the consumer price index is well below the 4.9 per cent predicted by economists.

Data from the Department of Statistics (DOS) showed food inflation moderated to 2.6 per cent in February, from 3.8 per cent January.

The Monetary Authority of Singapore attributed the lower food inflation rate to a seasonal decline in non-cooked food prices following the Lunar New Year in January.

Compared to January, overall consumer prices fell 0.3 per cent in February, including a 1.4 per cent slide in transport costs.

The MAS' measure of core inflation, which excludes accommodation and private road transport, eased to 3.0 per cent in February compared to a year earlier, down from 3.5 per cent in January.

However, analysts said the slower rise in prices might be short-lived. Economists at Credit Suisse said the government might even need to raise its annual inflation forecast later this year.

In a statement, the MAS said "inflationary pressures since late last year have been more persistent than expected."

"Both CPI-all items inflation and MAS core inflation will remain elevated over the next few months, at around 5 per cent and 3 per cent year-on-year, respectively, before moderating gradually," it said.

The DOS figures showed housing costs continued to gallop higher in February, rising 9.5 per cent from a year earlier.

- CNA/al

Thursday, 22 March 2012

HYFLUX AND JAPANESE PARTNERS TO DEVELOP ASIA’S LARGEST SEAWATER DESALINATION PLANT IN INDIA

  • Desalination plant to be located in Gujarat and will produce 336,000m3 of desalinated water per day
  • Hitachi and Hyflux will collaborate on the engineering, procurement and construction (“EPC”) works and the operation and maintenance (“O&M”) works for the desalination plant.

Singapore, 22 March 2012 – Hyflux Ltd (“Hyflux” or “Company”) announced today that it has, through its wholly-owned entity, Hyflux Utility (India) Pte Ltd, together with its Japanese partners, Hitachi Ltd (“Hitachi”) and Itochu Corporation (“Itochu”) (collectively known as the “Consortium”), signed a co-developer agreement (“Co-Developer Agreement”) for the development of a seawater desalination plant with a designed capacity of 336,000m3 per day to be located in the Dahej Special Economic Zone (“Dahej SEZ”) in the state of Gujarat, India (the “Project”).

The Consortium, through a special purpose company known as Swarnim DahejSpring Desalination Pvt Ltd (“DahejSpring”), signed the Co-Developer Agreement with Dahej SEZ Limited (“DSL”), in which DSL has given sole and exclusive rights to DahejSpring to develop the Project on a “Design, Build, Own and Operate” (DBOO) basis and to supply the desalinated water to DSL. The shareholding structure of DahejSpring will be finalized at a later stage.

DahejSpring will be allotted land by DSL in the Dahej SEZ to develop and operate the Project for a period of 30 years. The total cost of the Project is currently estimated to be in the region of USD 600 million.

Hitachi will be the lead engineering, procurement and construction (“EPC”) Contractor and will collaborate with Hyflux in respect of the EPC works and the O&M works for the Project.

The Project will employ ultrafiltration pre-treatment and reverse osmosis membrane technologies to treat the seawater into water suitable for industrial use. The Project will be Asia’s largest seawater reverse osmosis (“SWRO”) desalination plant to date.

The commencement of the Project is subject to the execution of a water purchase agreement between DSL and DahejSpring and financial close.

Ms. Olivia Lum, Executive Chairman & Group CEO of Hyflux Ltd, said: “We are pleased to partner with Hitachi and Itochu for this landmark desalination project. This is Hyflux’s first largescale water project in India. We look forward to producing clean water to serve the Dahej SEZ.”

The Project is a result of a successful smart community feasibility study delegated to the Consortium by Japan’s Ministry of Economy, Trade and Industry (METI). METI sponsored several feasibility studies as part of a cooperative initiative between India and Japan to develop eco-friendly, technologically advanced infrastructure projects in the Delhi Mumbai Industrial Corridor.

The Project is not expected to have a material impact on Hyflux’s financials for the current financial year.

Wednesday, 21 March 2012

Stock ideas??? I have!

Just For Thinking ....

"Often the difference between a successful person and a failure is not one has better abilities or ideas, but the courage that one has to bet on one's ideas, to take a calculated risk - and to act."  - Andre Malraux

Most of the time in the stock market after some analysis (FA, TA, or both),  we will have some stock ideas; but somehow we don't have the courage to bet on our ideas to take a calculated risk - and act on them!

Sound familiar. Right? Kiasu and kiasi in us!

Tuesday, 20 March 2012

Olam: Sold $2.33, ROC 36.7%

I gave up and opt for Return Of Capital!

Do some window dressing for 2012 Q1 report. hee hee!

Round 11: ROC 36.7%, 1287 days, B $1.68 S $2.33

Round 10: ROC 8.5%, 236 days, B $2.52 S $2.75
Round 9: ROC 7.0%, 228 days, B $2.56 S $2.75
Round 8: ROC 20.8%, 65 days, B $2.41 S $2.93
Round 7: ROC 15.8%, 311 days, B $2.48 S $2.89
Round 6: ROC 10.2%, 8 days, B $2.39 S $2.65
Round 5: ROC 6.3%, 3 days, B $2.45 S $2.62 (Bought back higher)
Round 4: ROC 5.9%, 15 days, B $2.26 S $2.41
Round 3: ROC 9.6%, 8 days, B $2.18 S $2.40
Round 2: ROC 7.0%, 8 days, B $2.18 S $2.35 (Bought back higher)
Round 1: ROC 9.8%, 161 days, B $1.37 S $1.52

Monday, 19 March 2012

Singapore's Olam in $183 mln Gabon rubber joint venture

SINGAPORE, March 19 (Reuters) - Singapore commodity firm Olam International Ltd said on Monday it will invest $183 million for an 80 percent stake in a joint venture with the government of Gabon to develop 28,000 hectares of rubber plantations in the African country.




Sunday, 18 March 2012

Understanding Asset and Liability (2)

Read? Understanding Asset and Liability

This concept of asset and liability can be extended to stocks investing.

When we invent in stocks without using margins or leverages we are buying assets; but when we are buying stocks on margins or leverages; they will become liabilities whenever we have margin calls from our brokers as cash from our pocket will flow to our brokers.

Good assets

Good assets are those stocks that are paying regular dividends and putting cash into our pocket and at the same time their stock prices are moving up North. Over time, these assets will make us feel richer and richer.

Non-performing assets

These stocks still pay us decent dividends but their stock prices are not moving up North so they may not actually made us feel richer.

Bad assets

Fallen stock prices with no dividends. These stocks are bad assets that we cannot afford to hold too many of them and for too long as rising inflation over long run will eventually kill us.

To become rich in stocks

This is where Pareto's Law will be helpful in our asset management.

80% of our stocks must be of good assets providing cash into our pocket and at the same time they will made us feel richer and richer over long run.





Understanding Asset and Liability

Read? Opportunity and Outcome??? (2)

What is an asset?

An asset is something that can continuously or periodically put cash into our pocket.

What is liability?

Liability is something that can continuously or periodically take away cash from our pocket.

So is our residential home an asset or liability?

When we are still paying monthly mortgage loan on our residential home, it is a liability as it is taking away cash from our pocket. It is only when we have fully paid up our residential home; it has stopped becoming a liability but not an asset yet as it doesn't put any cash into our pocket.

This is probably the reason why the widely accepted method of computing our net worth is to exclude the value of our residential home as an asset but to include any outstanding mortgage loan as liability.

Renting out rooms from our residential home

When we rent out rooms from our fully paid residential home; it is an asset as it is putting cash into our pocket.

But when we are renting out rooms from our residential home while we are still servicing our mortgage loan; it is just reducing our liability with the net proceed from rental income. It is not an asset yet.

Propety investment gain

When we sold our residential home at profit; it is just an investment gain after net expenses and relocation costs as we will always need a roof over our head elsewhere.

Investment property

Our investment property can be an asset or liability depending on the current rental market condition.

When our rental income from investment property exceeded the monthly mortgage payment plus all expenses related to this investment property then it is an asset as it is putting cash into our pocket. But, when the rental income fails to cover the monthly mortgage payment and other related expenses it will become a liability as it is taking away cash from our pocket.

An Asset or Liability???

When we are investing, we must fully understand the concept of asset and liability. Our assets will help us to build up our wealth over time. Our liabilities may threaten or destroy us unexpectedly when we fail to manage them within our financial means during unexpected and extreme market condition.



Saturday, 17 March 2012

Investing is not that hard???

"To achieve satisfactory investment results is easier than most people realise; to achieve superior results is harder than it looks." - Benjamin Graham


What do you think is a satisfactory investment results?

Beating the current inflation rate at 5%? Anyone?

Olam


Look like the market is able to absorb the selling from Capital Group.

The Capital Group Companies, Inc. ("CGC")  from 6.7774 % To 5.6240 %
Shares were disposed of through a series of transactions from 8/3/2012 through 14/3/2012.



Thursday, 15 March 2012

Opportunity and Outcome??? (2)

Read? Opportunity and Outcome???

Read? Investing Made Simple by Uncle8888 (33)

Read? Method, Mind and Money


Investing model


Once we understand the investing model we will know that having money at hand for crisis investing is not enough. Our money at hand is just our fuel as supply to the Input. During deep economic crisis, it is likely that our own likelihood may be threatened. Can our investing mind still be in calm and steady state to seize opportunity for larger risk-reward?

Who do you bet to be the one who is calm and steady in his investing mind?

The man who is debt-free or the man who is still servicing his mortgage loan and fear of losing his job?



Wednesday, 14 March 2012

Swiber raising up to S$66.2 mln via placement

SINGAPORE - Singapore offshore services firm Swiber Holdings has launched a share placement to raise up to S$66.2 million (US$52.5 million), IFR reported on Wednesday.

The company is offering 80 million shares at S$0.635-S$0.655 each, with an option to increase this by up to 21.071 million shares, according to a term sheet obtained by IFR. This works out to discounts of 7.09 per cent to 9.93 per cent to the last close.

The size of the offering is equivalent to 15.8 per cent of the existing company capital, or 20.0 per cent, if the deal is fully enlarged, IFR, a unit of Thomson Reuters said. Religare Capital Markets is the sole bookrunner for the deal.

Swiber requested a trading halt in its before the market opened on Wednesday. -- REUTERS



Tuesday, 13 March 2012

Sembcorp's Jurong Shipyard secures US$385.5m contract

By CARINE LEE


Sembcorp Marine on Tuesday said its subsidiary, Jurong Shipyard, has secured a US$385.5 million contract from Helix Energy Solutions Group Inc.

Under the contract, Jurong Shipyard will build a semi-submersible well intervention rig based on Bassoe Technology's naval architectural design with Helix's equipment layout.

The rig is scheduled for delivery in January 2015 and is not expected to have any effect on the group's financials for the year ending Dec 31, 2012.



Opportunity and Outcome???

Read? Will You Try To Pay Off Your Housing Loan ASAP If You Have One? (11)

Should you be paying off the cheapest housing loan in town and assuming the house is your only residential home and there is no intention to monetise it during your last phase of your life on Hotel Earth?

The more you read from different sources you may become blur instead of becoming clearer.

Opportunity and Outcome

The moment we have fully pay up our only residential home. It is a definite and positive outcome. We have owned the home outright and unencumbered.

When we choose to take the longest loan and use the excess cash to invest. This excess cash just present an opportunity. What looks like great opportunity initially may not actually end up with positive outcome. This is the truth in the market. How many times have we turned our opportunities into disasters? Think back!

Monday, 12 March 2012

Class of 2011 SMU graduates' salary at record high: survey

SINGAPORE: The Education Ministry has published the results of the 2011 Graduate Employment survey, which polled 12,998 graduates from the three public-funded universities.


Graduates from the Singapore Management University's (SMU) class of 2011 earned an average of S$3,388 a month from full-time employment, a record high since 2004 when SMU's first batch of graduates entered the job market.

This is an increase of about 3.6 per cent over the previous year's average gross monthly salary of S$3,271.

In its annual graduate employment survey, SMU said the top 20 per cent of the 2011 cohort commanded an average gross monthly salary of S$5,039.

SMU produced 1,231 graduates in 2011.

According to SMU, six in 10 graduates had job offers even before they graduated.

62 per cent of them had multiple job offers, with two to eight offers per person.

Overall, 95.6 per cent of SMU graduates found jobs, and they reported higher starting salaries across five of the university's degree programmes.

Graduates from its Information Systems Management topped the list, drawing an average of S$3,637 per month, up by 4.7 per cent.

Those with cum laude or better - cum laude refers to students with cumulative Grade Point Average of between 3.40 and 3.59 - earned an average of S$4,294 per month.

SMU's economics graduates who achieved cum laude or better earned a average gross monthly salary of S$3,999, an increase of 11.7 per cent compared to the 2010 cohort.

For the National University of Singapore (NUS), law graduates from the 2011 cohort made an average of S$5,037 per month, while medical graduates from NUS' Yong Siew Toh School of Medicine earned an average of S$4,016 per month.

At the Nanyang Technological University (NTU), graduates from its engineering college topped the list.

Computer engineering graduates earned an average of S$3,577 per month, while aerospace engineering graduates took second spot at S$3,489 per month.

- CNA/ck

Sunday, 11 March 2012

Low payout, high dividend yield - winning dividend investing strategy! (2)

Read? Low payout, high dividend yield - winning dividend investing strategy!

How I want my stock dividend to be done?


A picture tells it all!


Sunny up!!!
The egg yolk is the stock dividend and
the egg white is the retained earning for growth


Sometime, we are in for surprise with a double - special dividend

The truth behind financial freedom???

Just For Thinking ...


Why pursue financial freedom?

Time!

Time is the most precious commodity in our life the moment after we are born. Everyone of us, rich or poor, only has 24 hours a day. No more and no less of it. Not even the richest man or the greatest Emperor on Earth can get more of it.

Once we start working for a living, we will divide our precious time into 3 parts:

  1. Working time - Work for money.
  2. Sleeping time - It is time to let our mind and body rest and repair so it can recover and continue to maintain healthy body and mind.
  3. Free time - It is our own free time. We can choose to spend it anyhow and whatever ways or forms as we like.

How much time am I spending on working for money?

Here is the Maths:

I work on 42 hours per week on 5 weekdays and spend another 1.5 hrs a day travelling to and from work.

Total time spent on working for money per week = 49.5 hours or 29.5%

70% of my time is spent on sleeping or having the free time to do whatever I like. E.g. at the very moment I am blogging. Wah, so free ah???

So what is the truth of pursing financial freedom?

Basically, we all like to free up more of our working time for money for more free time. When we have more free time and more free money, then only we can have more options for the rest of our time to choose freely. Isn't that a wonderful thought?

However, we must not forget that we only die once. During the journey of pursuing financial freedom we must not forget to have frequent stops to see, hear, touch and smell the only personal life that we have. Our spouse and kids are part of our life but they can never be our personal life. There will always be some things and some foods that we personally love but our family may not actually love them.

Loving our family come naturally as we are the very ones who choose them. Loving ourselves more especially true for men after marriage doesn't come so naturally as our financial resources are often limited. Women folks tend to know how to take good care of themselve especially on things that make them look nice.

So we may have to consciously re-learn to love ourselves too by spending some personal time and some money to make ourselves smile again.

How many time did you observe your wife and kids smile when they get their hands on things they like?

Why can't you smile again when you spend on yourself?

Is there something seriously wrong?



Saturday, 10 March 2012

Friday, 9 March 2012

Biosensors in deal to develop $76m innovation centre

By JASMINE NG


Biosensors International on Friday said its subsidiary, Biosensors Interventional Technologies, has signed a land lease with JTC Corporation to develop a new manufacturing, research and development centre in Singapore.

The 12,000 sq m land is located in Tukang Innovation Park. The lease is granted for a term of 30 years, with an option to renew for another 30 years.

The construction is expected to be completed within three years and will cost $76 million.

The acquisition and construction project will be funded through internal resources and bank borrowings.

'We expect our overall facility costs to be more economical in comparison with long term leasing over the same period of time,' executive chairman Yoh-Chie Lu said.

'By leveraging the building construction cost with commercial bank funding, we should also be able to minimise our upfront cash outflow for this investment,' he added.

Biosensors on Friday also announced organisational changes to its senior management team.

Jack Wang has been appointed CEO of Biosensors. He was previously co-CEO.

Jeffrey Jump - who was also co-CEO - assumes the role of president for the firm's newly-created cardiovascular business unit.



Investment thinking model

Just For Thinking ....


I am of those!!!

Thursday, 8 March 2012

Australia approves Gloucester-Yancoal mining merger

SYDNEY : Canberra on Thursday approved a multibillion dollar tie-up between Gloucester Coal and China's Yancoal, clearing the way for a deal that will create Australia's largest listed coal firm.


Treasurer Wayne Swan said the country's foreign investments watchdog had green-lighted the deal under strict conditions that the new company remain headquartered in Australia and list on the stock exchange by the end of 2012.

Climbing your investing or corporate ladder?

Just For Thinking ...


Just how many of us can climb the corporate ladder up to top posts in the corporate world e.g. top senior management positions. Probably, just a handful of us.

How about retail investors climbing the investment ladder? How many of the retail investors can finally reach up to very top level of investing to build up a sizeable portfolio to fund their retirement cash flow?

BTW, which is the easier ladder to climb? Corporate or investment ladder? and why?

Wednesday, 7 March 2012

Peter Seah sees another record year for DBS

Bank is ready for opportunistic buys and to allocate more capital in China


By SIOW LI SEN

(SINGAPORE) Peter Seah, DBS Group Holdings' chairman, said he expects another year of record earnings as the bank continues to expand aggressively in all its core markets.

Mr Seah: 'Barring any unforeseen circumstances, I'm reasonably confident that we can do better than last year. I'm saying with a lot of courage ... '

In a press conference yesterday, Mr Seah also said the bank is ready for opportunistic acquisitions and is prepared to allocate more capital to its business in China, the biggest growth market in Asia.

Its full-year 2011 earnings hit a record $3.04 billion - the best ever for a Singapore bank. It's also only the second listed company here - after SingTel - to garner profits that topped the $3 billion mark.

This is up 86 per cent from $1.63 billion in 2010, which took $1.02 billion in goodwill charges. Without the goodwill item, 2011 net profit rose 15 per cent from 2010's $2.65 billion.

'Barring any unforeseen circumstances, I'm reasonably confident that we can do better than last year,' he said.

'I'm saying with a lot of courage, because it looks like the Europeans have temporarily found a solution but there's no definitiveness in this situation.'

He does not expect DBS to repeat the percentage growth of last year's profit over 2010, but 'in absolute terms, we should be able to beat the $3 billion mark'.

Mr Seah became DBS chairman on May 1, 2010. The bank has been transformed over the past two years and he gave much of the credit to chief executive Piyush Gupta who joined in November 2009.

'We have raised our coverage for NPLs (non-performing loans) from below 90 per cent to now 126 per cent, we are actually the highest among the Singapore banks in terms of coverage,' he said.

'We've also moved our ROE (return on equity) from 8.4 per cent in 2009, to 11 per cent which put us on par with our two other competitors,' he said. OCBC Bank and United Overseas Bank both posted 2011 ROEs of 11.1 per cent.

'And despite driving such a strong performance our cost to income ratio is the same as everybody else, 43 per cent, which suggests that our management team has really done an outstanding job of delivering the business revenues while at the same time expanding and building up the infrastructure.

'I would give very strong endorsement to my CEO Piyush and his senior team.'

He could also see Mr Gupta staying as CEO for 10 years. Mr Gupta in a recent interview said he expects to stay in the bank for 10 years, longer than all of his last five predecessors combined.

'I could say we are firing on all engines,' said Mr Seah.

He cited DBS' leadership position in the offshore renminbi market.

As at end-December 2011, DBS had a 15 per cent share of the offshore RMB (called CNH) interbank market, 3 per cent share of the CNH deposit market and 10 per cent share of CNH trade transactions in Hong Kong.

DBS has over 40 billion yuan ($8 billion) of CNH deposits in Singapore and Hong Kong.

'That's something we started just in the early stages when the market began to stir and therefore we were able to take a commanding position,' he said.

DBS will continue to aggressively build up its Greater China franchise, he said.

'We are a very rare bank that has got three wholly owned banks in the three territories (Hong Kong, China and Taiwan) but together they are one big market, they are connected,' he said.

Taiwan investors invest in China, and DBS' ability to connect up the three territories gives the bank tremendous advantage, said Mr Seah.

DBS is prepared to allocate more capital to expand its China operations, he said. It has 25 outlets in China and targets to open about 75 outlets by 2020, subject to regulatory approvals.

'The whole board met in Beijing last year and one of the principal purposes was to strategise on China and have the board agree on capital allocation for China and strategies on China,' said Mr Seah.

DBS China doubled its 2011 net profit to over 500 million yuan.

On potential acquisitions, Mr Seah said DBS will look at opportunities now that it has shown it can grow organically.

But so far, DBS has not come across any potential acquisition that it would 'entertain'.

Tuesday, 6 March 2012

Noble says to get US$440 mln in Gloucester merger

LONDON - Singapore-listed commodity trader Noble Group will vote all its shares in Australia's Gloucester Coal in favour of a merger with Yancoal Australia and will get A$412 million (US$440 million) under the deal terms.
On completion of the merger, Yancoal is expected to be the largest independent listed Australian coal miner, Noble, which owns nearly two-thirds of Gloucester, said on Tuesday.

China's Yanzhou Coal Mining Company Limited, Yancoal's majority owner, has a clearly stated aim of growing its Australian mining business.

Yanzhou bought Australian miner Felix Resources in 2009 for A$3.3 billion and was required to float at least 30 per cent of the business by 2012.

Noble Group will own approximately 13.2 per cent of Yancoal, and William Randall, Noble director and Head of Hard Commodities, will join the Yancoal board of directors.

Gloucester produced 5 million tonnes of coal in 2011 but plans to expand substantially over the next decade, while Yancoal exported 8.1 million tonnes in 2010.

Commenting on the merger, Noble Group chairman, Richard Elman said: 'Creation of scale and flexibility is increasingly important in commodity production. Yancoal will have a multi-product, multi-mine operation of scale, which is extremely well positioned to deliver value to shareholders.'

Under the final agreement terms, shareholders in Sydney-based Gloucester will own 22 per cent of Yancoal and China's Yanzhou Coal Mining Company Limited will own 78 per cent.

Separate to the merger, eligible Gloucester shareholders will receive A$3.15 cash per Gloucester share.

The Gloucester board has also unanimously recommended shareholders vote for the merger.

Shares in Gloucester leapt in December after Yanzhou announced its intention to merge in a A$700 million deal .

Noble, whose businesses range from cotton and sugar to coal and iron ore, earned US$106 million in the fourth quarter of 2011 for a full-year profit of US$431 million, but like many traders it suffered from volatile markets and poor processing margins. -- REUTERS



Don't focus solely on dividend yield: BlackRock

Investors also told to avoid highly leveraged firms


By BRYAN KOH

HIGH dividend yields should not be the sole focus in assessing equity returns over time, said Stuart Reeve, managing director and portfolio manager at BlackRock.

According to Mr Reeve, data collated over the last 31 years has indicated that more than 90 per cent of long-term equity returns can be jointly attributed to both dividend yield and dividend growth drive.

Generating long-term equity returns successfully thus requires identifying companies with attractive yields that are competitively advantaged and have the ability to sustain business growth.

To ensure a company is able to invest and grow its business, Mr Reeve stressed the need to factor in cost and cash available to a company to fund these developments.

'That is so often a question that people do not ask in this space. What is the cost of growth? In different industries, it is different,' he emphasised.

'In a more stable industry, where the rate of change of the industry dynamic is not significant and not very fast, and you are competitively advantaged, your cost of growth tends to be relatively low.'

Identifying a company with low growth costs has its merits as it enables the company to reinvest and grow its business, with the company better positioned to commit some of that cash back to shareholders in the form of a dividend stream.

Investors should also exercise patience in order for results to materialise.

'You must be willing to buy these investments at fair value and let the yield and growth compound for you and deliver great returns with lower volatility over medium to long-term horizons,' said Mr Reeve.

Investors should also steer clear from companies which are leveraged to the tilt, he cautioned, citing the significant correlation between high leverage and cuts to dividends.

The focus on equity investment comes on the back of BlackRock chief executive Larry Fink's message urging investors to scrap the inadequate 60/40 portfolio mix of stocks and bonds.

Mr Fink personally advocated a 100 per cent investment in equities owing to valuations and higher returns than bonds.

'Virtually every investor has to find ways to achieve better returns than they'll get in cash or government bonds for the foreseeable future,' said Mr Fink.

BlackRock, the world's largest asset manager with assets under management totalling US$3.51 trillion as at Dec 31, 2011, has increasingly set its sights on growing in Asia.

J Richard Kushel, senior managing director and head of portfolio management group at BlackRock, believes that the difficulty in locating economic growth within the eurozone has prompted a sharp focus on Asia, where higher levels of growth are witnessed.

Looking ahead, Mr Kushel expects Asia to be an important hub for BlackRock both as an investment target and as a region to allocate capital to.

'(Asia) is not only an investment location but it is also where you find investors who have capital to allocate, healthier financial services centres and personal balance sheets,' he said.

Concurring, Marc Desmidt, managing director and chief operating officer of Asia Pacific for portfolio management group at BlackRock, said: 'With Asia . . . there is much room to move here compared to the rest of the world which is why we favour some of the asset classes that are domiciled here.'



Swiber wins US$36m chartering contracts

SINGAPORE - Oil and gas services firm Swiber said on Tuesday it had won contracts worth around US$36 million for vessel chartering services in the Gulf of Mexico and Southeast Asia.

With the latest wins, Swiber’s order backlog rose to over US$1.1billion. -- REUTERS





Trade or Invest for income?

Just For Thinking ....

Read? Selling Weekly Options for Income???

Read? Does 3 strikes make a good bowler?


Like bowling, any bowler may get lucky sometime and get a few strikes in their games; but a professional bowler can consistently get strikes in any game. That is world of difference!

It is same as trading for income. It is a professional job and requires plenty of time, skills and knowledge to prefect it to be able to consistently make money from trading and generate a stream of income.

But, investing for income is a lot easier. You may just need to visit a handful of investment bloggers to get some clues on passive income investing and have some ideas on how to do it.

Investing for income

It is like cowboys buying a herd of cows for milk. Cowboys just care about the milk and don't seriously bother with daily market price of beef.

When the market price of beef goes up, do cowboys quickly slaughter their cows? No right?

When the market price of beef goes down, do cowboys  cow father cow mother? No right?

When the cowboys collect enough milk; they can then add more cows to get more milk.  Easier right?


Cotton prices jump after India export ban

NEW YORK: Cotton prices soared in New York on Monday after India abruptly banned cotton exports, a move that traders said could send Chinese buyers flocking to the US market.


India, the world's second-biggest cotton exporter, on Monday halted all cotton exports to protect domestic supplies until further notice, with immediate effect.

Cotton futures prices shot up on the ICE exchange in New York. The benchmark contract for May delivery rose the daily maximum of four cents in early trade to 92.23 cents per pound and held there for the rest of the session.

On India's MCX Kapas, cotton futures for April eased four percent on expectation of improved supplies.

The ban came just six months after India completely freed cotton export controls. Strong shipments mainly to China brought about the move: India already has exported 8.5 million bales in the fiscal year ending March 31, more than the government's limit of 8.4 million bales.

The sudden cut-off will trigger a scramble to replace the 1.5-3.5 million bales already ordered, most of them by China.

John Flanagan at Flanagan Trading said that could be a big positive for US producers.

"India is proving to be an unreliable source of cotton," he said.

"Chinese buyers will decide whether they look for a new (producer) which will mainly be the US," he said.

Even so, the price spike was expected to rapidly ease because of the abundant world cotton supplies, key to industry and textiles.

"Global cotton inventories are likely to rise almost by a third year-on-year, taking inventories to a two-year high and providing a buffer to the market," Barclays Capital analysts said in a research note.

The rise in inventories would come after extreme tightness in supplies and low inventories during the 2009-2011 period, they said.

- AFP/wk

Monday, 5 March 2012

Sunday, 4 March 2012

Are retail investors the real suckers in the stock market?

Just For Laugh ....

I have came across a quite number of bloggers in their blog posts like to highlight that retail investors are the real suckers in the stock market that is buying high and selling low. Is this fact or fiction? But, I know that some big investors lost in big way and lost far more than many retailer investors adding up.

If you don't believe it. Read this book? The Billion Dollar Mistake!

One thing for sure, Createwealth8888 as retailer investor in the past decade didn't panic and sell at market  low as he wears tight underwear and not scare of his ball dropping down.

Saturday, 3 March 2012

One category of Trading secret that will never be taught!

Just For Thinking ....

In the book - Secrets of Singapore Trading Gurus .. one small section.

"For instance, I know one big trader who discovered some secrets in spread trading in Nikkei dollar-based and Nikkei yen-based contracts after operating hours. He made a lot of money from that and his clearing house manager discovered his profits. The trader was kind enough to tell him the secret and the clearing house manager told others about it to get them to trade. This big trader's strategy stopped working and stuck with overnight positions that he could not unwind. There are some secrets that cannot be taught because it will no longer work for you if others know about it. This is one category of secret."

So what is the Moral of the Story?

Trading is a highly competitive business and a zero sum game too. When a trader wins someone else must lose it. When the "Gurus" are willing to share their trading "secrets" publicly for a fee; it is likely that they no longer depending on these "secrets" to make a living as they have discovered a better non-trading secret to make even more and easy money by teaching you a secret that may no longer works as too many people have know about them. Get it?





Selling Weekly Options for Income???

Just For Thinking ...

Majority of these options will expire worthless. Similarly, majority of  term, accident and travel insurances will expire worthless too.

So is selling weekly options for income is same as collecting insurance premiums as income by insurance companies e.g. on term, accident and travel insurance?

Insurance companies are working on a very large number of premiums collected to mitigate their risks and will be consistently profitable over long run due to the Law and Survival by Large Number.

Is selling options on weekly basis a fairly large number e.g. 52 per year or 520 per decade so that we can statistically mitigate risks and be consistently profitable over long run?

Is collecting betting from selling weekly option same as collecting premiums like insurance?

It is not wise to assume that weekly buyers of options are a bunch of foolish players coming into the market place to give you free lunches week after week.

"The market is not your mother. It consists of tough men and women who look for ways to take money away from you instead of pouring milk into your mouth." - Dr. Alexander Elder








Why Uncle8888 dare to share his stock transactions online and real time?

Just For Thinking ...

When the stock is illiquid, it is highly competitive as there will not be enough cake (favourable target stock price) to share around so the players will have to shut up and do it secretly.

Answer: Uncle8888 is not interested in low liquidity stock. Get it?

Absolutely no one is that stupid enough to share something openly in the public that will compromise their self interest and happily letting their competitors eating into their lunch.

Thursday, 1 March 2012

Olam


The Capital Group Companies,

From 8.826 % To 7.9818 %

Shares were disposed of through a series of transactions from 23/2/2012 through 28/2/2012.
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