Current Investment
1 Talisum Lithium
2 Boustead
3 People Food
4 Super Group
5 Visa
6 Spindex
7 Lithium One
8 Hock Lian Seng
9 Cerebos Pacific
10 Metro
11 Sing Holdings
12 APB
13 Hour Glass
14 SMRT
15 MTQ
16 Soup Res
17 Techcomp
18 Lee KT
19 Western Uranium
20 TNR Gold
The only inclusion in december was Visa and Techcomp. The small caps in Singapore do not really suit me now.
In 2010, I divested most of Hiap Seng and Broadway in May. The reason why was I feel that flash will be more and more a dominant component for computers. The Ipad is an early indicator. Hiap Seng has already completed most of its projects (higher revenue recocnigition and cash position). I also had to take out some cash for my property.
In May, I also completely exited my commodity trades. I might increase my portfolio gains by another 30-40% if I have kept my position in gold/silver as after my dad incident, I do not have the emotional capacity to hold on to volaitle position, there are already too many things on my mind.
Things that got away. I had actually 2 baggers which doubled that I was holding, AAC and Eu Yan Sang, but I got shaken out by 2 occasion. AAC was a play on the booming smartphones, but I did not had enough time to do much study. too bad
2011 going forward
Going forward Boustead should perform alright in the correct industry (Energy/ Water / Real Estate ). With capable leaders like FF Wong running the helm, and boosted by close to 40 cents cash board, I expect shareholders to continue to be rewarded
Super should do well with its additionaly plant in China, commitment to payout a high dividend and its Taiwan dual listing visibility
It is heartening to see after 8 years that I have something to show for. Since 2003 I have made 10 times my capital. I will set a target to accomplish another 100x in 15 years.
FY03 1.3743
FY04 0.882
FY05 1.6745
FY06 2.5514
FY07 1.36
FY08 0.94
FY09 1.09
FY10 1.42
10.19476939
Saturday, January 1, 2011
FY2010 flashback
It has been a very emotional , mental and physically draining year for me as Something happened to my dad which I had to take over his company. Effectively I am doing 2 jobs at a time, and my Mum who previously took care of my kids (4 and below baby) had now to take care of my dad, leaving my wife (who luckily can work from home temporarily) and me and at least my maid to take care of my kids. During this tough time, we also had to renovate our new house and pack/unpack our furniture.
The vivid impression that I had was the many evenings after work I had to bring along my 2 kids to look at furniture. One of the night we were looking for lights, and in the Balestier roads, we had to cross the overhead bridge with me carrying the baby up and down the bridge while my wife hold the eldest son hand, and after that I had to carry the pram up and down the bridge as well. It was really tough and no choice as there were no one to take care of my kids.
It is in such incidents where you really see who your true friends, family and relatives are. When I needed help esp from my in-law side to take care of my kids, my in-laws (my FIL did not want my MIL to come from Malaysia to stay with us and leave him alone), they only came sparingingly.
Fast forward this year, my wife needed to go back to work at least twice a week. I approached my Aunt (Dad sister) who is retired to help ( actually there is not much to do, as the maid will take care of the little one (feed/bath/make him sleep), is just to "See head See tail", when my maid eats, or cooks). She actually agreed, but her husband gave so many different excuses (eg, migrane lar, not well , have to cook lunch for her son and to do household chores etc). I got very fedup. If you do not want to help , fine.
Looking at the fireworks on New Year's eve from my new house, I had plenty of emotions running through me. It has been a bad year for me , even my eldest son fell sick (high fever 40C) on the last day of the year.
Looking back last year, there are still a few things that I could smile on
- My youngest son turned one year old
- we moved to a nice condo with very good view
- My family came closer
- I appreciated my wife who supported me during this tough time
- I manage through superhuman efforts to cope with my dad company (reduce A/C by more than 22%), manage to sell the company and lay out the strategic directions for next year
My dad is a very good Sales, however the Accounts were very bad. And at the same time my dad was on retirement mode, therefore Revenue has been fell quite badly in the last 2-3 years (albeit a slight rebound in 2010). The way I see to move the company forward is to explore overseas market (esp in Malaysia). And to turnover the company, it should not be too difficult as I feel that we just need to contact many old customers to increase revenue by 40-50% at least.
The vivid impression that I had was the many evenings after work I had to bring along my 2 kids to look at furniture. One of the night we were looking for lights, and in the Balestier roads, we had to cross the overhead bridge with me carrying the baby up and down the bridge while my wife hold the eldest son hand, and after that I had to carry the pram up and down the bridge as well. It was really tough and no choice as there were no one to take care of my kids.
It is in such incidents where you really see who your true friends, family and relatives are. When I needed help esp from my in-law side to take care of my kids, my in-laws (my FIL did not want my MIL to come from Malaysia to stay with us and leave him alone), they only came sparingingly.
Fast forward this year, my wife needed to go back to work at least twice a week. I approached my Aunt (Dad sister) who is retired to help ( actually there is not much to do, as the maid will take care of the little one (feed/bath/make him sleep), is just to "See head See tail", when my maid eats, or cooks). She actually agreed, but her husband gave so many different excuses (eg, migrane lar, not well , have to cook lunch for her son and to do household chores etc). I got very fedup. If you do not want to help , fine.
Looking at the fireworks on New Year's eve from my new house, I had plenty of emotions running through me. It has been a bad year for me , even my eldest son fell sick (high fever 40C) on the last day of the year.
Looking back last year, there are still a few things that I could smile on
- My youngest son turned one year old
- we moved to a nice condo with very good view
- My family came closer
- I appreciated my wife who supported me during this tough time
- I manage through superhuman efforts to cope with my dad company (reduce A/C by more than 22%), manage to sell the company and lay out the strategic directions for next year
My dad is a very good Sales, however the Accounts were very bad. And at the same time my dad was on retirement mode, therefore Revenue has been fell quite badly in the last 2-3 years (albeit a slight rebound in 2010). The way I see to move the company forward is to explore overseas market (esp in Malaysia). And to turnover the company, it should not be too difficult as I feel that we just need to contact many old customers to increase revenue by 40-50% at least.
Sunday, December 12, 2010
Investment Update
A summary of my investments:
1 Talisum Lithium
2 Boustead
3 People Food
4 Super Group
5 Spindex
6 Lithium One
7 Hock Lian Seng
8 Cerebos Pacific
9 Metro
10 Sing Holdings
11 Hour Glass
12 APB
13 MTQ
14 SMRT
15 Soup Res
16 Lee KT
YTD up 34%, 92% invested, cash 8%
1 Talisum Lithium
2 Boustead
3 People Food
4 Super Group
5 Spindex
6 Lithium One
7 Hock Lian Seng
8 Cerebos Pacific
9 Metro
10 Sing Holdings
11 Hour Glass
12 APB
13 MTQ
14 SMRT
15 Soup Res
16 Lee KT
YTD up 34%, 92% invested, cash 8%
Tuesday, November 9, 2010
Oct Update - Move House and FInalise HDB Sale
Celebrate my BD on 3rd Oct.
Reno- During that time although most of the furniture has been finished, there are still many small nitty gritty things
- my wife wanted to get decals (stickers) and we went to United Square twice at least, finally getting some flowers for the electrical cabinet
- choosing paintings - went to Balestier and a few places to look at drawings, finally settle it online
- kitchen ware
Really tough weekend, on Sat. Packed since morning with just so much work, which seemed never ending. It is really tough for us as we need to pack with 2 small kids around, especially the small one whom u need 1 person attention when he is awake.
My sil came in the afternoon to "help" take care of my kids while we packed. However in the evening, she conveniently excused herself to see her bf sister and was away from 5-9. This really pissed me off. When you commit to help, people really depend on you to help during the crunch time.
During the evening, as always there is last minute things to get. I went out to get monster cable, tape to tape the boxes (which ran out) and ice box to keep food while we power off the fridge for 1 night before the move. Only when my sil came back did we have time to pack again.
At night after packing the fridge, I removed the cables slowly from my TV set which was connected to the AM, Starhub, DVD, Mio TV. I really hate such messy connections especially when the wires are so short and connected at the back. The reason why we disconnect them is because we wanted to assemble the wires in the new place before the move. Once the movers move the TV, all they have to do is to mount the TV and we can just pluck the cables to the TV withouht much hassle. The movers will not bother about connecting the wires for you. At my new place, we spent close to 2-3 hours just trying to assemble the wires from the TV console. This took us close to 4am .
The next morning on Sunday 10th Oct 2010 8:30 the movers came. They sure are professional, moving boxes really fast. There were close to 5 of them, and wrap all our things very well . The only thing that took almost an hour was the deassembly of our master bedroom, which had a hydraulic lift.
By 12 noon, they finished and we started to unpack. It was a good relief that the tedious part was over. We also started to rewire the TV and took about an hour before getting the Starhub and Mio Tv & DVD working.
The next day the furniture came in - sofa/dinner table.
For the next whole week till 18th Oct, we got a hanger installed, got the decal person to come in to stick, and moved whatever leftover from the old house. The left over really took some time to move as we could only move bit by bit and took almost 10-15 trips. eg. clothes, fish tank, toys etc.
We finally signed the HDB 2nd appointment letter on 18th .
For the new house,
- the painting was mailed to our house, and I went to Balestier to frame it.
- we also got grills for the house and
- got shades as the afternoon sun is rather glaring.
I was especially busy with my office work as well
- 2 targets setting / QBR/BMR/ Results which lasted till late November.
Had a house warming on 2 dates + celebrating my youngest son birthday
Reno- During that time although most of the furniture has been finished, there are still many small nitty gritty things
- Outdoor furniture, finally selected a affordable yet comfortable outdoor set from Woods and Woods. As my balcony is rather big, and have a nice scenary, I wanted to choose a nice outdoor furniture so that I can relax and invite friends over in the balcony. It was a 3+1+1 set with a table with a cost of 1850.
- hooks for toilets,- my wife wanted to get decals (stickers) and we went to United Square twice at least, finally getting some flowers for the electrical cabinet
- choosing paintings - went to Balestier and a few places to look at drawings, finally settle it online
- kitchen ware
- sourcing for Movers, finally settled for Soon Seng Transport
- Got my outdoor furniture, and beds for my children's room in
Moved house on the 10 Oct - 10/10/2010 Yeah !Really tough weekend, on Sat. Packed since morning with just so much work, which seemed never ending. It is really tough for us as we need to pack with 2 small kids around, especially the small one whom u need 1 person attention when he is awake.
My sil came in the afternoon to "help" take care of my kids while we packed. However in the evening, she conveniently excused herself to see her bf sister and was away from 5-9. This really pissed me off. When you commit to help, people really depend on you to help during the crunch time.
During the evening, as always there is last minute things to get. I went out to get monster cable, tape to tape the boxes (which ran out) and ice box to keep food while we power off the fridge for 1 night before the move. Only when my sil came back did we have time to pack again.
At night after packing the fridge, I removed the cables slowly from my TV set which was connected to the AM, Starhub, DVD, Mio TV. I really hate such messy connections especially when the wires are so short and connected at the back. The reason why we disconnect them is because we wanted to assemble the wires in the new place before the move. Once the movers move the TV, all they have to do is to mount the TV and we can just pluck the cables to the TV withouht much hassle. The movers will not bother about connecting the wires for you. At my new place, we spent close to 2-3 hours just trying to assemble the wires from the TV console. This took us close to 4am .
The next morning on Sunday 10th Oct 2010 8:30 the movers came. They sure are professional, moving boxes really fast. There were close to 5 of them, and wrap all our things very well . The only thing that took almost an hour was the deassembly of our master bedroom, which had a hydraulic lift.
By 12 noon, they finished and we started to unpack. It was a good relief that the tedious part was over. We also started to rewire the TV and took about an hour before getting the Starhub and Mio Tv & DVD working.
The next day the furniture came in - sofa/dinner table.
For the next whole week till 18th Oct, we got a hanger installed, got the decal person to come in to stick, and moved whatever leftover from the old house. The left over really took some time to move as we could only move bit by bit and took almost 10-15 trips. eg. clothes, fish tank, toys etc.
We finally signed the HDB 2nd appointment letter on 18th .
For the new house,
- the painting was mailed to our house, and I went to Balestier to frame it.
- we also got grills for the house and
- got shades as the afternoon sun is rather glaring.
I was especially busy with my office work as well
- 2 targets setting / QBR/BMR/ Results which lasted till late November.
Had a house warming on 2 dates + celebrating my youngest son birthday
Wednesday, September 8, 2010
Sep update
Business
Looked for the lawyer, according to the one I approach it requires to itemized each item.
My Uncle mention to include a catch-all clause.
Search for the FY2009 Annual reports. After searching high and low in the house and office and couldn't find it, I asked the accountant to reproduce it and backdate it.
Did a Executive & Financial summary for InXX
Seach for product brochures and mailed to a prospective buyer.
Shares exercise - coporate secretery
House
- settled the old HDB. In the 1st appointment as I had no so-call agent, I represent ourselves. But basically the HDB officier just told us what to do
- if we use the HDB lawyer, just pay the conveyancing charges on the 3rd floor (300+)
- Pay the property tax at Singpost
- Pay the Services and Conservation charges at MP TC. ( and get the bank to remove the GIRO)
For the new place, there is still the nitty gritty things to look at - kitchen/ toilet accessories, better get it done before the ID contractors go off.
Also got the glasses with scratches removed/ balcony door fixed..still left the front door which has some cracks.
Looked for the lawyer, according to the one I approach it requires to itemized each item.
My Uncle mention to include a catch-all clause.
Search for the FY2009 Annual reports. After searching high and low in the house and office and couldn't find it, I asked the accountant to reproduce it and backdate it.
Did a Executive & Financial summary for InXX
Seach for product brochures and mailed to a prospective buyer.
Shares exercise - coporate secretery
House
- settled the old HDB. In the 1st appointment as I had no so-call agent, I represent ourselves. But basically the HDB officier just told us what to do
- if we use the HDB lawyer, just pay the conveyancing charges on the 3rd floor (300+)
- Pay the property tax at Singpost
- Pay the Services and Conservation charges at MP TC. ( and get the bank to remove the GIRO)
For the new place, there is still the nitty gritty things to look at - kitchen/ toilet accessories, better get it done before the ID contractors go off.
Also got the glasses with scratches removed/ balcony door fixed..still left the front door which has some cracks.
Tuesday, September 7, 2010
Sunday, August 22, 2010
Aug 2nd week update
Mon - Wed Balestier/ Geylang to look at lights.
thur evening Designer to confirm design and choose paint
fri evening - confirm defects and went to Audio house (unfortunately closed after we finish our dinner and looking at other shops)
Sat morning- HZ class
afternoon/ evening - Designer (choose lights $1.6k /wallpaper and curtain $4.4k ) spent
Sun morning - visit Dad
afternoon - KIV lights yesterday , visit Lightcraft and then lighting.com.sg to confirm room lights.
evening - went to dad's office.
thur evening Designer to confirm design and choose paint
fri evening - confirm defects and went to Audio house (unfortunately closed after we finish our dinner and looking at other shops)
Sat morning- HZ class
afternoon/ evening - Designer (choose lights $1.6k /wallpaper and curtain $4.4k ) spent
Sun morning - visit Dad
afternoon - KIV lights yesterday , visit Lightcraft and then lighting.com.sg to confirm room lights.
evening - went to dad's office.
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