Sorry for the delay. Some quick updates.
Work has been crazy and haven't had much time to go through everything on my plate but am still talking and discussing about companies and all so feel free to drop me a note if you have any you wish to discuss about.
2014
I exited World Precision in 2014 and added a real estate company in HK. Reason why I bought it was simple:
Olam is interesting. 2014 saw an acquisition from Singapore's sovereign wealth fund and hence the price increase. Im not vested in Olam since 2012 as its not cost efficient to maintain the short. Same goes for the other shorts, so the prices are for display. Eratat went bust despite having a huge cash hoard. See my previous posts here and here.
A quick post on 2013 results as I realized I have not posted it up.
2013 was interesting as I literally sat on things, there was no action on my part for 2013 at all.
Gains were mainly for Nanyang (management did a partial tender, of which I did not tender since it would result in odd lots and these have a discount in the HK market) as well as Haw Par. Haw Par gains were oddly not in line with its portfolio companies, namely UOB, UIC and UOL. Also exited Koon in 2013.
2013
Work has been crazy and haven't had much time to go through everything on my plate but am still talking and discussing about companies and all so feel free to drop me a note if you have any you wish to discuss about.
2014
| # | Name | Business | Listing | Ticker | +/- ex divs | +/- with divs |
| 1 | Roxy Pacific | Real Estate / Hotel | SGX | E8Z | -4.42% | 8.77% |
| 2 | AEI Corp | Aluminium extrusions | SGX | A18 | -13.24% | -9.56% |
| 3 | World Precsion | Precision Machinery | SGX | B49 | -12.00% | -8.67% |
| 4 | Nanyang Hldgs | Conglomerate | HKSE | 212 | 42.86% | 45.51% |
| 5 | Haw Par Corp | Conglomerate | SGX | H02 | 5.16% | 7.62% |
| 6 | Real Estate Co | Real Estate | HKSE | 3.97% | 31.45% | |
| Negative / Shorts | ||||||
| 1 | Olam | Agri - commodities | SGX | L28 | -37.37% | -37.37% |
| 2 | Dapai Intl | Bag makers | SGX | FP1 | 56.00% | 56.00% |
| 3 | Eratat lifestyle ltd | Sports goods | SGX | F08 | 54.55% | 54.55% |
I exited World Precision in 2014 and added a real estate company in HK. Reason why I bought it was simple:
- Owner owns a significant majority and were aggressively buying back
- They own a significant portion of land in Macau and stand to benefit from the linkage of HK/Macau/Zhuhai bridges and the lack of hotels around that area
- The owners are astute real estate investors and operators and watches cost like a hawk
- The only risks are owners do a "take-under" or severe contraction in real estate market of which the latter is already happening but the firm remains resilient.
Olam is interesting. 2014 saw an acquisition from Singapore's sovereign wealth fund and hence the price increase. Im not vested in Olam since 2012 as its not cost efficient to maintain the short. Same goes for the other shorts, so the prices are for display. Eratat went bust despite having a huge cash hoard. See my previous posts here and here.
A quick post on 2013 results as I realized I have not posted it up.
2013 was interesting as I literally sat on things, there was no action on my part for 2013 at all.
Gains were mainly for Nanyang (management did a partial tender, of which I did not tender since it would result in odd lots and these have a discount in the HK market) as well as Haw Par. Haw Par gains were oddly not in line with its portfolio companies, namely UOB, UIC and UOL. Also exited Koon in 2013.
2013
| # | Name | Business | Listing | Ticker | +/- ex divs | +/- with divs |
| 1 | Roxy Pacific | Real Estate / Hotel | SGX | E8Z | 25.00% | 28.68% |
| 2 | AEI Corp | Aluminium extrusions | SGX | A18 | 12.40% | 20.66% |
| 3 | Koon | Mix Engineering | SGX | 5DL | -28.57% | -26.19% |
| 4 | World Precsion | Precision Machinery | SGX | B49 | -7.41% | 17.28% |
| 5 | Nanyang Hldgs | Conglomerate | HKSE | 212 | 42.42% | 44.85% |
| 6 | Haw Par | Conglomerate | SGX | H02 | 34.10% | 37.40% |
| Shorts | ||||||
| 1 | Olam | Agri - commodities | SGX | L28 | 8.93% | 8.93% |
2 comments:
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Hello Everybody,
My name is Mrs Sharon Sim. I live in Singapore and i am a happy woman today? and i told my self that any lender that rescue my family from our poor situation, i will refer any person that is looking for loan to him, he gave me happiness to me and my family, i was in need of a loan of $250,000.00 to start my life all over as i am a single mother with 3 kids I met this honest and GOD fearing man loan lender that help me with a loan of $250,000.00 SG. Dollar, he is a GOD fearing man, if you are in need of loan and you will pay back the loan please contact him tell him that is Mrs Sharon, that refer you to him. contact Dr Purva Pius,via email:(urgentloan22@gmail.com) Thank you.
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