tag:blogger.com,1999:blog-7944902213075756335.post364727010930179937..comments2024-03-29T10:22:24.187+08:00Comments on A Singaporean Stocks Investor (ASSI): 2016 full year passive income from non-REITs (Part 2).AK71http://www.blogger.com/profile/16832145412062954289noreply@blogger.comBlogger46125tag:blogger.com,1999:blog-7944902213075756335.post-69115236879447013772017-03-22T11:49:26.469+08:002017-03-22T11:49:26.469+08:00According to the bankruptcy filings, Ezra declared...According to the bankruptcy filings, Ezra declared that its owes DBS more than US$327mln in both secured and unsecured loans while OCBC is owed more than US$280mln and UOB US$33mln. <br /><br />Separately, Ezra also declared assets of up to US$1bln against liabilities of as much as US$500mln. <br /><br />We understand that the 3 local banks have made full provisions for their exposure to Ezra, AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-36123931959339852442017-02-27T09:23:20.972+08:002017-02-27T09:23:20.972+08:00Hi betta man,
I don't know if I trust APTT bu...Hi betta man,<br /><br />I don't know if I trust APTT but I definitely thought that Mr. Market was overly pessimistic and that APTT was oversold when I added to my investment. :)AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-54899787773303167112017-02-27T09:12:33.741+08:002017-02-27T09:12:33.741+08:00APTT FY2016 results key highlights:
- Revenue for...APTT FY2016 results key highlights:<br /><br />- Revenue for the year of $319.2 million<br />-EBITDA for the year of $189.3 million<br />- Distribution of 1.625 cents per unit declared for the quarter ended 31 December 2016; distributions declared totalling 6.5 cents per unit for the year ended 31 December 2016<br />- Distribution guidance of 6.5 cents per unit for the year ending 31 December Betta manhttps://www.blogger.com/profile/02597553932202096004noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-48100669827108317002017-02-01T23:38:13.810+08:002017-02-01T23:38:13.810+08:00Reader:
"... been thinking whether to sell my...Reader:<br />"... been thinking whether to sell my small investment in appt when a fren asked me to read your blog... can share how much did you buy at 37.5c?"<br /><br />AK:<br />"You really have to ask if APTT has become a more attractive investment for you at 37.5c? Is it doing the job you expect it to do? Anyway, I more than doubled my investment in APTT when I bought more at AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-85912363246981006792017-01-26T11:31:53.987+08:002017-01-26T11:31:53.987+08:00Hi JQ,
It is reasonable to believe that all inves...Hi JQ,<br /><br />It is reasonable to believe that all investments are good at the right price.<br /><br />Gong Xi Fa Cai!AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-47062264436591626062017-01-26T11:17:31.398+08:002017-01-26T11:17:31.398+08:00Hey AK,
check this out!They are going digital :D
...Hey AK,<br /><br />check this out!They are going digital :D<br /><br />http://www.chinapost.com.tw/taiwan/national/national-news/2016/01/26/457034/Hon-Hai.htm <br /><br />looks like Hon Hai boss is buying 'em up too. APTT prices seem to have stablised at this rang for now. At 38cents and a possible DPU reduction to around 3-4cents which I can accept, i am vested small.<br /><br />Gong xi fa Potatoishhttps://www.blogger.com/profile/18408440404891909717noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-31571838679508747732017-01-22T15:09:36.592+08:002017-01-22T15:09:36.592+08:00"AGT’s sponsor is the number one golf course ...<i>"AGT’s sponsor is the number one golf course operator in Japan and has a stabilised portfolio of some 26 golf courses available for acquisition. AGT’s target is to acquire ¥50bn worth of golf courses by end-Mar 17. Its loan-to-valuation (LTV) ratio currently stands at 28.8%. The maximum LTV ratio that AGT can leverage up to is 60.0%. AGT is still in negotiations with its sponsor and the AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-29284924362859004492017-01-22T15:07:18.689+08:002017-01-22T15:07:18.689+08:00"Presently trading at 0.7x P/B, we are recomm...<i>"Presently trading at 0.7x P/B, we are recommending a BUY on Accordia Golf Trust (AGT) with a target price of S$0.77 based on 0.8x P/B. AGT would be able to dish out higher distributions by 13.8% for 1H17 just from favourable FX movements alone, based on our SGD/JPY assumption of 75. Valuations for AGT also seem attractive as its 89 golf courses have an appraisal value of JPY150.98bln (AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-15120100630364611152017-01-10T10:56:26.961+08:002017-01-10T10:56:26.961+08:00Hi betta man,
There is always hope. I hope so too...Hi betta man,<br /><br />There is always hope. I hope so too. ;)AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-12410060734602174222017-01-10T09:57:23.542+08:002017-01-10T09:57:23.542+08:00Nibbled APTT at $0.38 today as price retreated. Ho...Nibbled APTT at $0.38 today as price retreated. Hope it is a good entry price.Betta manhttps://www.blogger.com/profile/02597553932202096004noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-55575892752918194052017-01-10T09:05:29.131+08:002017-01-10T09:05:29.131+08:00Internally managed to improve alignment and remove...Internally managed to improve alignment and removes one barrier to a takeover. We maintain our BUY call with a higher TP of S$0.99. We believe the perception of a greater alignment between the interest of Croesus Retail Trust (CRT)’s unitholders and management following CRT’s move to be the first internally managed trust will help close the discount to our TP. <br /><br />In addition, with CRT noAK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-2843632259962048362017-01-05T09:29:22.337+08:002017-01-05T09:29:22.337+08:00Hi LPO,
Mr. Market was probably overly pessimisti...Hi LPO,<br /><br />Mr. Market was probably overly pessimistic about APTT. His mood seems to have improved. APTT is 41c a unit now. ;p<br /><br />Time for me to take a break. LOL.AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-78207836281188240852017-01-05T09:24:08.048+08:002017-01-05T09:24:08.048+08:00Hi Glen,
When you listen to someone talking to hi...Hi Glen,<br /><br />When you listen to someone talking to himself, beware. That someone could be mental. ;pAK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-52156512830315534852017-01-04T22:06:58.162+08:002017-01-04T22:06:58.162+08:00Hi AK
Thank you for your comments and views on AP...Hi AK<br /><br />Thank you for your comments and views on APTT. This further affirm that you are the one and only blogger I follow and also my most beloved and darling blogger.<br /><br />This is also affirm that you must really continue talking to yourself with so many supporters behind you and not forgetting your darling here.Augustinehttps://www.blogger.com/profile/09630479194919401805noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-67810010032289608392017-01-04T21:29:12.757+08:002017-01-04T21:29:12.757+08:00Hi AK,
Thank you for the direction! I'll be o...Hi AK,<br /><br />Thank you for the direction! I'll be on my way to devour the wisdom and get started soon! <br /><br />No need stress lah. You've been doing really well! I was actually thinking of doing income investing in the US market but I see from you that it's possible in SG too.Anonymoushttps://www.blogger.com/profile/14840296318419116838noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-41531301984620402822017-01-04T20:35:11.011+08:002017-01-04T20:35:11.011+08:00Hi Glen,
Look for the box titled "Food for t...Hi Glen,<br /><br />Look for the box titled "Food for thought" in the right side bar of my blog. You will find links to some books there.<br /><br />Down the blog, you will also find boxes titled "Passive Income: A Journey" and "My methods and Philosophy". No books. Just me talking to myself.<br /><br />Aiyoh, don't use me as a benchmark. Stress. -.-"AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-16154974836775635762017-01-04T20:08:01.650+08:002017-01-04T20:08:01.650+08:00Hi AK,
I'm 22 this year and just starting my ...Hi AK,<br /><br />I'm 22 this year and just starting my investment journey. I'm very intrigued by income investing and would like to know if you have some books or information for me to learn more about this? <br /><br />I hope to generate as much passive income as you in the future too! Great job!<br />Anonymoushttps://www.blogger.com/profile/14840296318419116838noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-15211476543853356232017-01-03T13:26:13.557+08:002017-01-03T13:26:13.557+08:00Hi Tanya,
SAHW? Oh, sneaky! You good!
OK, let me...Hi Tanya,<br /><br />SAHW? Oh, sneaky! You good!<br /><br />OK, let me be the bad guy here.<br /><br />Wait till you become a SAHM! That's a full time job! ;pAK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-11513065645201757262017-01-03T13:21:12.652+08:002017-01-03T13:21:12.652+08:00Hi AK,
Perhaps maybe can use this excuse to be a...Hi AK, <br /><br />Perhaps maybe can use this excuse to be a stay home housewife. :) <br />Tanyahttps://www.blogger.com/profile/07819223977671785021noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-77768469598522384602017-01-03T09:36:20.174+08:002017-01-03T09:36:20.174+08:00Hi Tanya,
You said your investment properties gen...Hi Tanya,<br /><br />You said your investment properties generate enough income to meet all your expenses. You are financially free too. Don't be greedy. ;p<br /><br />You are better prepared for retrenchment (if it should happen) than many people like some of your colleagues with more than a million dollars of debt and their luxury cars. <a href="http://singaporeanstocksinvestor.blogspot.sg/AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-92144835084122187462017-01-03T08:04:35.539+08:002017-01-03T08:04:35.539+08:00Nice... your portfolio is generating so much each ...Nice... your portfolio is generating so much each year! Wish I can do the same. I think the storm is coming for my company. I've got a feeling they'll announce a round of retrenchment and people like me might be on the list :( Tanyahttps://www.blogger.com/profile/07819223977671785021noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-10446976882903483132017-01-02T22:33:10.251+08:002017-01-02T22:33:10.251+08:00Hi LPO,
For you, I think the number that is the d...Hi LPO,<br /><br />For you, I think the number that is the determinant is CAPEX. This is not a constant number and I am assuming CAPEX in 2017 to be $40 million.<br /><br />Investing in business trusts and REITs is for income. It is better to use FFO as a gauge. Where would the money for depreciation and amortisation go to, otherwise, if not paid to unitholders? I know, it should be put aside forAK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-9257953326833683472017-01-02T22:10:48.388+08:002017-01-02T22:10:48.388+08:00Hi AK
I took the net cash from operations + inter...Hi AK<br /><br />I took the net cash from operations + interest received - interest paid - Capex to get the Free cash Flow. In this instance, I got 34 million. Then I divide by the number of shares outstanding which is then equal to 2.3 cents. <br /><br />I thought we should use Free Cash Flow to get the sustainability of dividends rather than funds from operation or even EPS?Augustinehttps://www.blogger.com/profile/09630479194919401805noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-73057160211274334512017-01-02T22:09:48.087+08:002017-01-02T22:09:48.087+08:00Hi AK
I took the net cash from operations + inter...Hi AK<br /><br />I took the net cash from operations + interest received - interest paid - Capex to get the Free cash Flow. In this instance, I got 34 million. Then I divide by the number of shares outstanding which is then equal to 2.3 cents. <br /><br />I thought we should use Free Cash Flow to get the sustainability of dividends rather than funds from operation?Augustinehttps://www.blogger.com/profile/09630479194919401805noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-30600467612748801292017-01-02T20:32:04.408+08:002017-01-02T20:32:04.408+08:00Hi LPO,
I should mention that APTT has cautioned ...Hi LPO,<br /><br />I should mention that APTT has cautioned there would be additional CAPEX in 2017. This would impact FFO. Even so, I estimated FFO per unit should decline to about 5c in such an instance. The current 6.5c DPU could be reduced further but if we are expecting a more realistic DPU of 4c, I think we probably would be able to rest easy.AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.com