Global Investments

[KopiKat]

j) SGD 16.17 million - new investment in listed equities
Disappointedly, the management has yet to disclose the names of the listed companies in which investment had been made. Whatever they are, additional dividend would be generated. The management has probably made more investment in Fly Leasing. This is only my speculation based on observation that the number of shares own by GIL has disappeared from the current asset review slide of FLY Leasing. I could be completely wrong on this!

From Slide 11 of Presentations, FLY Leasing = 9% of Portfolio Composition (by Carrying Value)
From Slide 5, Total Assets = $202,352,000
=> FLY Leasing Value = 9% * $202,352,000 = $18,211,680

Similarly for FY11 (Dec),
From Slide 15 of Presentations, FLY Leasing = 11% of Portfolio Composition (by Carrying Value)
From Slide 9, Total Assets = $167,435,000
=> FLY Leasing Value = 11% * $167,435,000 = $18,417,850

Compare the two, almost the same. Slight difference likely due to the % rounding up. Here. I'm assuming Portfolio Composition = Total Assets. I'm also assuming Carrying Value is at Cost. Just in case it's at Market Price, I did check their respective Quarter end Market Price from Yahoo and it's not significantly different,

30-Dec-11 : US$12.52
29-Jun-12 : US$12.19

As further support, Slide 9 extracts,

The Company has invested S$16.17 million in listed equities as at 10 August 2012 while continuing to explore suitable investments in
other asset classes. Listed equities are fairly liquid assets which could be divested easily to fund investment in other asset classes when opportunity arises.

It does seem to imply the investments in listed equities are meant to be very short term in nature. I won't be surprised if it's in SGX unless their cash are already in US$.

Cash hoard
- GIL is now sitting on a cash hoard of SGD 62.65 million

Sorry, how to get this figure?

I could only find,

Cash and cash equivalent = $78.674Mil

I tried to net off,

Debts = $15.614Mil or
Total Liabilities = $16.353Mil or
Dividends Payable (10-Sep-12) = $6.19Mil

But, still can't get that figure. Thx!