Are you repenting?
OR?
23 hours ago
Thursday, 27 October 2011
Wednesday, 26 October 2011
Food for thought: Why TA seems to work for many people?
It work because many believe in it.
Self fulfilling prophecy
Self fulfilling prophecy
Wednesday, 19 October 2011
why next time?
Long long ago there was a very lazy man, X. He wanted to spend the minimum amount of time in working and just work the bare minimum such that his boss had no reason to sack him. Typically, he worked from 9 to 5 everyday and went fishing or sit by the seasides to enjoy the beautiful scenery everyday after work. He just wanted a decent amount of pay such that he could pay off all of his necessary expenditure with little or no surplus every month.
There was another man, Y who is same age as X. However, he is totally opposite of X. He is a high flyer in a company, currently holding director position in a company. He spent enormous effort to work hard and work smart in office to please his boss. Typically, he worked from 8 and overtime till 11pm everyday. He want to work hard to get promotion and earn tons of money.
X and Y are secondary school friends and did not see each other often.
One day, Y past by X when Y is on way to meet his client at 8pm while X is fishing by the seaside, enjoying his life.
Y: Hi X, why are you here again? I think I saw you many times around this time when I am rushing to meet my client.
X: I am fishing and I go fishing everyday after work. Sometimes I just sit by the seaside and enjoy the scenery.
Y: I heard that you are still doing that low paying job after so many years. Why aren't you striving hard to earn more instead of wasting your time fishing everyday? Don't you want to buy big cars, own big houses, with lots of cash and investments so that you can retire without any worry in future when you are old? Look at me, I worked so hard everyday, trying to earn a lot so that I can have lots of money. Next time, I can buy a house by the seaside and enjoy the beautiful scenery when I retire.
Guess what X reply?
X: Why wait till retire? I am already enjoying the seaside scenery everyday.
There was another man, Y who is same age as X. However, he is totally opposite of X. He is a high flyer in a company, currently holding director position in a company. He spent enormous effort to work hard and work smart in office to please his boss. Typically, he worked from 8 and overtime till 11pm everyday. He want to work hard to get promotion and earn tons of money.
X and Y are secondary school friends and did not see each other often.
One day, Y past by X when Y is on way to meet his client at 8pm while X is fishing by the seaside, enjoying his life.
Y: Hi X, why are you here again? I think I saw you many times around this time when I am rushing to meet my client.
X: I am fishing and I go fishing everyday after work. Sometimes I just sit by the seaside and enjoy the scenery.
Y: I heard that you are still doing that low paying job after so many years. Why aren't you striving hard to earn more instead of wasting your time fishing everyday? Don't you want to buy big cars, own big houses, with lots of cash and investments so that you can retire without any worry in future when you are old? Look at me, I worked so hard everyday, trying to earn a lot so that I can have lots of money. Next time, I can buy a house by the seaside and enjoy the beautiful scenery when I retire.
Guess what X reply?
X: Why wait till retire? I am already enjoying the seaside scenery everyday.
Monday, 3 October 2011
Could sell and buy back cheaper later
Very often, you would heard someone said "Could sell and buy back cheaper later".
Sometimes, someone may also said "If I should have sold it at at x price, and buy back at x-0.5 price. Then I would gain xxx instead of lose yyy."
However, this is all based on hindsight.
Irony is, how many times did the share went up further after you sold? How many times did the share crash after you decide to hold it and think it would go up further? How many times did share you bought drop more just after you just bought it?
If it is so easy to predict the up and down of the market, all of us would be billionaires and don't need to work right?
If you are so zhun, can you please predict and tell me when the market will crash and at which date will it rebound back?
If you are so zhun, can you please predict and tell me if the market will U-turn given the current bad economic conditions?
One classic advice:
Slowly buy, slowly sell. You can never sell at the exact top or buy at the exact bottom - always buy and sell in stages. (The top tick of a rally is the most expensive tick inthe market - fortunes have been lost hunting for it.)
Sometimes, someone may also said "If I should have sold it at at x price, and buy back at x-0.5 price. Then I would gain xxx instead of lose yyy."
However, this is all based on hindsight.
Irony is, how many times did the share went up further after you sold? How many times did the share crash after you decide to hold it and think it would go up further? How many times did share you bought drop more just after you just bought it?
If it is so easy to predict the up and down of the market, all of us would be billionaires and don't need to work right?
If you are so zhun, can you please predict and tell me when the market will crash and at which date will it rebound back?
If you are so zhun, can you please predict and tell me if the market will U-turn given the current bad economic conditions?
One classic advice:
Slowly buy, slowly sell. You can never sell at the exact top or buy at the exact bottom - always buy and sell in stages. (The top tick of a rally is the most expensive tick inthe market - fortunes have been lost hunting for it.)
Saturday, 1 October 2011
LMIR issue 1 for 1 right.
LMIR TRUST TO ACQUIRE TWO QUALITY RETAIL MALLS
FOR S$388 MILLION
TO BE PARTIALLY FUNDED BY A 1-FOR-1 RIGHTS ISSUE
- 1-for-1 rights issue at S$0.31 per rights unit represents a discount of 42.6% to
the closing price of S$0.54 per unit
- Rights issue to raise gross proceeds of approximately S$337 million
- Proceeds raised to partially fund the acquisitions of Pluit Village in Jakarta
and Plaza Medan Fair in Medan, two strategically located quality retail assets
with attractive net property income yields
- Acquisitions enlarge LMIR Trust’s portfolio to 10 retail malls and 7 retail
spaces, valued at approximately S$1.46 billion
Pluit Village, a five-level retail mall located in Jakarta, Indonesia is to be acquired
from entities linked to the Sponsor of LMIR Trust, PT Lippo Karawaci Tbk,
for S$234 million1 and Plaza Medan Fair, a four-level retail mall
located in Medan, Indonesia, from Asiana Investment Limited, an unrelated third
party, for S$154 million1. The purchase considerations represent a 5.7% discount
to the average valuation for Pluit Village and a discount of 4.1% to the valuation
of Plaza Medan Fair.
To partially fund these acquisitions, the Manager has proposed a one-for-one
renounceable rights issue (“rights issue”) of 1,086,516,497 new units in LMIR
Trust at the issue price of S$0.31, representing a 42.6% discount to the closing
price of S$0.54 on September 30, 2011. This rights issue is expected to raise
gross proceeds of approximately S$337 million1. The balance of the purchase
consideration will be drawn from the S$150 million 30-month term loan (secured
on September 28, 2011) as well as internal cash.
_________________________________________________
388m - 337m = 51m. (51 m will comes from cash or the 150m loan facility drawn recently)
Current it has 110m cash + recently drawn out 200m on 28th sept (the 200m will be use to finance 125 debt + future acquisition).
Asset will grow to around 1.4b. gearing will be less than <10% now.
The problem now is: Are these 2 new properties good?
FOR S$388 MILLION
TO BE PARTIALLY FUNDED BY A 1-FOR-1 RIGHTS ISSUE
- 1-for-1 rights issue at S$0.31 per rights unit represents a discount of 42.6% to
the closing price of S$0.54 per unit
- Rights issue to raise gross proceeds of approximately S$337 million
- Proceeds raised to partially fund the acquisitions of Pluit Village in Jakarta
and Plaza Medan Fair in Medan, two strategically located quality retail assets
with attractive net property income yields
- Acquisitions enlarge LMIR Trust’s portfolio to 10 retail malls and 7 retail
spaces, valued at approximately S$1.46 billion
Pluit Village, a five-level retail mall located in Jakarta, Indonesia is to be acquired
from entities linked to the Sponsor of LMIR Trust, PT Lippo Karawaci Tbk,
for S$234 million1 and Plaza Medan Fair, a four-level retail mall
located in Medan, Indonesia, from Asiana Investment Limited, an unrelated third
party, for S$154 million1. The purchase considerations represent a 5.7% discount
to the average valuation for Pluit Village and a discount of 4.1% to the valuation
of Plaza Medan Fair.
To partially fund these acquisitions, the Manager has proposed a one-for-one
renounceable rights issue (“rights issue”) of 1,086,516,497 new units in LMIR
Trust at the issue price of S$0.31, representing a 42.6% discount to the closing
price of S$0.54 on September 30, 2011. This rights issue is expected to raise
gross proceeds of approximately S$337 million1. The balance of the purchase
consideration will be drawn from the S$150 million 30-month term loan (secured
on September 28, 2011) as well as internal cash.
_________________________________________________
388m - 337m = 51m. (51 m will comes from cash or the 150m loan facility drawn recently)
Current it has 110m cash + recently drawn out 200m on 28th sept (the 200m will be use to finance 125 debt + future acquisition).
Asset will grow to around 1.4b. gearing will be less than <10% now.
The problem now is: Are these 2 new properties good?
