ASSI celebrates 10 years of blogging! Merry Christmas!

ASSI is 10 years old.

Time flies, doesn't it?

If someone had told me 10 years ago what ASSI would become today, I would not have believed him.

Worse, I would imagine that he was from some SEO outfit trying to sell me some package of services. :p

Yes, I know.

Bad AK! Bad AK!

"Giamsiap" AK is so terrible.






Last year, when ASSI turned 9, I said:

"To be quite realistic, one day, I will stop blogging but that day is not today."

I also said:

"However, I will probably be blogging less often from now."

Well, this year so far, I have published only around 50 articles in ASSI.

See?

AK was being honest.

I remember a period of time when I was publishing articles daily and sometimes even twice a day.

That was many years ago.

The current pace is better for lazy AK.

In fact, 50 a year is still many times more than the once a quarter update I was thinking of doing before.

Anyway, less likely to burn out now as a blogger, I will probably continue blogging for some time to come.

Slow and easy is the way.

Will AK the blogger ever become prolific again?

Well, I think it is rather unlikely but I know never to say never.






The season of giving is upon us and what is AK giving to his readers?

Some words, of course.

What else? ;p

我送你几个字.

So Chinese drama, right?

"Have money must also have a heart."

We investors are a lucky bunch because if we have the money to invest with, we are better off than many people in the world.

There will always be people who need a helping hand.

Making a contribution, no matter how small, will help lift the needy out of poverty.






Readers who have been following ASSI long enough might remember that I shared from time to time charities which I support.

I like to help children because they have their whole lives ahead of them.

I like to help poor students because education is the best way to lift them and their loved ones out of poverty.

Being charitable gives the needy a better life and makes us better people.

Everyone's life can be and should be better.

If we can help to make it so, why not?

So, remember to spread some cheer and, of course, be happy.


Have a good laugh.

Ho ho ho!


Merry Christmas and Happy New Year to everyone!

Thank you very much!







Related post:
Leaving a legacy as ASSI turns 9.

Accordia Golf Trust: Buying cheap and cheaper.

Accordia Golf Trust requested for a trading halt three days ago on 18 December 2019.

I thought to myself then that it was probably too soon to release details about the offer.

Well, yesterday, they released some information along with the appointment of 

Daiwa Capital Markets Singapore 

and 

Ernst & Young Corporate Finance 

as financial advisers to look into the offer to buy all of the Trust's golf courses.

I don't know who drafted the announcement but it wasn't very clear at all what it would mean for unitholders.

The irony is that they called it "Clarifactory Announcement" and it didn't provide any meaningful clarity.

When I use a magnifying glass to read, it is so that I can see better.

It doesn't help if the magnifying glass is made of frosted glass.

Can see but cannot see.

See announcement in:
Accordia Golf Trust's Newsroom.






A reader provided a link to an article in The Business Times on this matter.

After reading the article, I wondered if the same person who wrote the "Clarifactory Announcement" for Accordia Golf Trust also moonlighted for The Business Times.

The newspaper article was simply more of the same.

It is like cleaners wiping dirty tables at a foodcourt with a dirty rag.

Alamak.

Read the article if you want to:
Accordia Golf Trust's parent weighs purchase of all its golf courses

You blur?

I also blur.






Anyway, I decided that I would simply wait and see what the financial advisers have to say.

Regular readers know that the prices I paid for my investment in Accordia Golf Trust were relatively low.

Bought at 54 cents a unit or lower, I believe that I have a pretty good margin of safety.

The last time I added to my investment was in September at 51 cents a unit.

Accordia Golf Trust was very much undervalued.

I believe the Trust is still undervalued today but not so much anymore.

To understand why I invested in Accordia Golf Trust when I did, see:
Accordia Golf Trust.






It is quite clear that I was more interested in Accordia Golf Trust as an income generator.

Don't need a "Clarifactory Announcement" to see that clearly.

Of course, being so undervalued, it could also be an asset play but it wasn't the primary motivation for me to invest in the Trust.

What this means is that I would be quite happy to hold on to my investment if the offer is a lowball one.

I am simply in no hurry to sell.

So, although disappointed and maybe even a little disgusted by the lack of clarity in the Trust's announcement and the newspaper article that followed, I am not losing sleep because of this.






Having said this, there are probably many people who were not shareholders of Accordia Golf Trust before and only bought into the Trust recently at higher prices because of the offer.

I hope they know that they are speculating.

Unlike people investing in Accordia Golf Trust for income, in case it is a lowball offer, holding on to their positions might not be a palatable option for speculators.

This is especially true if they are using money they really should not be using to invest or speculate with.

Unfortunately, from the "Clarifactory Announcement", it looks like someone thinks that Accordia Golf Trust's golf courses are cheap and they are trying to buy them cheaper.







Related posts:
1. Accordia Golf Trust: Reasonable or realistic?
2. Peace of mind as an investor.
"Eat bread with ink slowly." ----- "The letter "b" in "bread" stands for borrowed funds. Don't borrow money to invest."