yr no of counters shrunk?
Is your stated "average price" referring to your cost of purchase, or the current market price?
What are your views on the valuations of SCI, Silverlake Axis and RMG?
Also, from what perspective would STE seem like a good investment?
Thanks.
Heya DW,
So now ur out of REITS, will you consider property investment leh?
Taking advantage of leverage!
(03-04-2015, 12:26 AM)pianist Wrote: [ -> ]yr no of counters shrunk?
I divested a huge chunk of my holdings to invest in my tuition business.
(08-04-2015, 11:12 PM)Dividend Warrior Wrote: [ -> ] (03-04-2015, 12:26 AM)pianist Wrote: [ -> ]yr no of counters shrunk?
I divested a huge chunk of my holdings to invest in my tuition business.
i see..tuition biz should be quite asset light mah
(03-04-2015, 12:42 AM)Musicwhiz Wrote: [ -> ]Is your stated "average price" referring to your cost of purchase, or the current market price?
What are your views on the valuations of SCI, Silverlake Axis and RMG?
Also, from what perspective would STE seem like a good investment?
Thanks.
STE: One perspective seems simple enough - if you lose STE, you've practically lost Singapore. STE would be my pick for diversified businesses including in Singapore. However, the price seems way too high (didn't check when I purchased this), even at $3.30... Main idea is had I expected 20x PE to be a lightly fluctuating level, but of course its revenue has decreased somewhat and therefore every other metric will be at stake. My expectations then (never update expectations) were for 4-4.5% dividend to all be "returned" to me after 25-30 years if STE would turn a profit in much the same way as it did over the past ~5 years. Then I would have both STE and any dividends it might possibly pay. (there is a regular dividend - albeit low, also negligent in checking for my personal finances - which signals company to investor expectations, although of course this can be amended anytime) The price-to-book is too high, debt is too high (although still a conservative percentage of its assets), and it has to pay off its liabilities before paying further dividends. However, as mentioned I reckon this is one company that can be termed "forced-to-succeed" or found in a "forced-to-survive" type of situation, at least for the next 25-30 years, so my expectation is to own a piece of this conglomerate as a means to stay out of cash and in some income-generating investment.
Having said this, I am glad to update my files for a company non-increasing earnings and dividend payouts and just sell it (at whatever price) if proven to be a mistake in my investments portfolio. Since the aforementioned "survival" does not include "growth" at some reasonable (hopefully, non-financial) cost and/or investment partnerships which seems crucial to survival - I mean with the latter - for this company.