Posts

Posted on

ARA @ $1.575

Buy @ $1.58, $1.57

Out-jumped during 5pm matching for $1.565… Local CPs appearing for seller…. Vultures, traders & shortists have appeared… 😀

Posted on

SPH @ $4.12

Sell @ $4.12

Achieved my short term target price, but not within contra period… Cheap thrills only as last week, I had extra free cash… this week, all used up buying ARA… 😀

Posted on

ARA @ $1.59

Buy @ $1.59

A bottomless pit! Went to read all the past 1-2 years' SGX Annc but didn't find any reason for the continued sell-down…

In fact, Q1 (Mar) is going to see good contributions (1% Acquisition Fees of Below) from 3 acquisitions at Hui Xian REIT, Fortune REIT & CLT, estimated at aro' S$12Mil+/- vs S$1.77Mil (Q114). The 1st two acquisitions are the bigger ones, with Hui Xian REIT announcement on it's completion only yesterday…

  • 9-Jan-15 : FortuneREIT – HK$1,918.5Mil
  • 27-Feb-15 : CLT – A$70Mil
  • 2-Mar-15 : Hui Xian REIT : RMB3,910Mil

In addition, the acquisitions will add to the AUM (fm the completion date onwards), which means improved Mgmt Base Fee (0.3% of AUM)…

The Mgmt Fee provides a regular stream of predictable Revenue while the Fees from Acquisition, Divestment & Performance provides the "bonus",  The Mgmt Fee vs Acquisition, Divestment & Performance Fees,

  • FY14 : $125.517Mil / $22,932Mil (Includes S$16.1Mil Performance Fee fm Harmony Fund)
    • Q414 : $32.577Mil / $4.744Mil
    • Q314 : $31.956Mil / $16.261Mil
    • Q214 : $31.300Mil / $0.157Mil
    • Q114 : $29.684Mil / $1.770Mil
  • FY13 : $114.003Mil / $11.120Mil
    • Q413 : $29.973Mil / $10.568Mil
    • Q313 : $27.875Mil / $0
    • Q213 : $29.481Mil / $0.552Mil
    • Q113 : $26.674Mil / $0
  • FY12 : $102.615Mil / $5.325Mil

In addition, for Q2, the expected Revenue fm Divestment Fee (0.5% of Below),

  • FortuneREIT – HK$648Mil

Further, according to an analyst's report, the winding down of ADF (Asia Dragon Fund) will also result in a huge Performance Fee, likely to be paid this year. So, what hv I missed?? …. 😀

Posted on

Kingsmen Creatives @ $0.98

Sell @ $0.98

Selling part of my long term holdings to free up some cash. Recent Q4 results were up to my expectations, with no change in Div = 2.5ct. Cash / share = 42.65ct or 39.3ct (Net of Debts) are both higher…. Let's hope they don't get a G.O. soon, before I have a chance to buy back… ðŸ˜€

Posted on

FCOT @ $1.51

Sell @ $1.51

Raise some free cash as all dried up buying ARA… Very exciting as it got partially done at the very last minute during 4:59pm… During matching, all done… A bit sad as I was planning to hold till $1.6x… FCOT & ARA changed position in my portfolio, with today's transactions ie ARA is now No.2 & FCOT dropped to No.3…  Feels like I'm selling my winners to buy losers…  ðŸ˜€

Posted on

ARA @ $1.635

Buy @ $1.635

Changed my mind to have a pause from buying as it dropped more than the usual .5ct to 1ct…. 😀

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SPH @ $4.09

Buy @ $4.09

Itchy fingers, re-enter…. I see a wide enough range $4.09 – $4.13 for a possible short term trade… Worst case, keep for Interim results aro mid-Apr (Div = 7ct for past years)… 😀

Posted on

King Wan @ $0.315

Sell @ $0.315

Selling at a loss but have a profit if I were to include the previous Div = 0.7ct. I checked KTIS & Sugar Price again before deciding to sell. The only reason for holding King Wan is their substantial asset in KTIS shares and KTIS is in the Sugar Industry, thus, the above checks. King Wan core operations in M&E works is not doing that great and is a non-factor in my consideration.

Will most likely pare down further at min. 31.5ct to free up more cash. The re-focus ie buy back will be for the Mar-15 results, estimated to be in end-Apr onwards altho' a buy-back trigger is set at just one bid lower ie 31ct… ðŸ˜€