I was busy this whole month and was unable to update my blog. Also I was away from Singapore and was in Seoul last week. Finally, I am seeing some activity in steel business, but still not as excited as stock market.
I was not paying attention to stock market last week until now. Anyways, two new IPO, Global Logistics and Maple Tree Industrial, just opened. Without my consultation, my partner which is my wife went and buy both. Goodness. What's the hurry? I also divest SP Ausnet at 1.14 and bought K-Green at 1.1.
I will discuss further when I got the time. For now, take care in the mist.
Friday, October 22, 2010
Wednesday, October 6, 2010
Invest into Saizen
I receive Saizen Reit annual report last week and I find it easy to read. For me, anything that is easy to read is a plus for me. So I decided to increase my holding in Saizen Reit. I did a simple calculation to see at what price I should buy Saizen again.
At page 2 of annual report, it stated Saizen has 1,111,002,712 issued units and 335,354,705 outstanding warrants. Eventually, Saizen will have 1,446,357,417 issued units. Saizen declare dividend of 0.26 Singapore cents base on two months’ cash flow (pg. 4) and distribution to unit holders is JPY161,912,000. Using JPY161,912,000 to forecast next year distribution by multiply 6 which equals to JPY971,472,000. Then divide JPY971,472,000 by 1,446,357,417 units equals to JPY0.672 per unit and using exchange rate factor of 0.0158, its forecast dividend comes out to be S$0.0106 next year. My goal is to collect at least 8% of dividend from my investment so I divide S$0.0106 by 0.08 which is 0.1325. Therefore, I will invest Saizen when its share price goes down to 0.135.
At the time of writing, STI is reaching 3,200, now at 3,183. To me, it’s just plain incredible. Steel demand shows no such hype. Am I wrong? There is no correlation between steel and stock.
At page 2 of annual report, it stated Saizen has 1,111,002,712 issued units and 335,354,705 outstanding warrants. Eventually, Saizen will have 1,446,357,417 issued units. Saizen declare dividend of 0.26 Singapore cents base on two months’ cash flow (pg. 4) and distribution to unit holders is JPY161,912,000. Using JPY161,912,000 to forecast next year distribution by multiply 6 which equals to JPY971,472,000. Then divide JPY971,472,000 by 1,446,357,417 units equals to JPY0.672 per unit and using exchange rate factor of 0.0158, its forecast dividend comes out to be S$0.0106 next year. My goal is to collect at least 8% of dividend from my investment so I divide S$0.0106 by 0.08 which is 0.1325. Therefore, I will invest Saizen when its share price goes down to 0.135.
At the time of writing, STI is reaching 3,200, now at 3,183. To me, it’s just plain incredible. Steel demand shows no such hype. Am I wrong? There is no correlation between steel and stock.
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