An IPO for an IPO in the Philippines?

Reader:
Recently i come across an interesting pre-ipo for Philippines REIT during their roadshow at Raffles place.

This company acquires residential property from Singaporean whom has property in Philippines. In exchange for the property they would issue preference share equivalent to the property price. 

They only acquire those property which is ready and fully paid. Thereafter they will just refurbish and rent/lease out for short term and long term stay.

Short term would be those Air Bnb or tourist type. Long term would be expat or local people who is working near CBD area.

So far they had acquired some 'condotel' means condominium within hotel. And some project will be completed this year and early next year.

They plan to get listed in Philippines in 3 years time and now they are inviting investors to invest in pre-ipo preferred shares. Two type of investment is capital repayment with 6% (2 yr)+5%(3yr). The second type is capital convert to preference share 5% (3yr) and upon listing will be converted to ordinary shares.

They will be conducting a submit with media coverage in manila in sep whereby investors & public can have a feel on how the company works including showing all articles n memorandum of company.

Have you ever come across such investment? Appreciate if you could talk to yourself on this investment.

AK:
Alamak. This food sounds so exotic. I dunwan. I might get food poisoning.

Such products are unregulated and we don't even know if they are what they claim they are.

Related post:
http://singaporeanstocksinvestor.blogspot.sg/2016/07/could-this-be-way-to-financial-freedom.html

Building your personal wealth in Singapore with some help. (AK the blogger or AK the benefactor?)

Reader:
Hey sifu thks so much
U changed my life
I was down to my last 100000
But yr saizen call
Save my life
My family

AK:
You took action. Thank yourself. 😉





Reader:
We will be praying to u
Downloaded yr pic

AK:
........................ :o





Reader:
We will pay tribute to u
Thks sifu
Really
I nearly killed myself
If not for yr call

AK:
I am glad. 🙂





Reader:
U save my life
No chance tell u
Till now
I am a ghost now
If not for u
I will ask my children pai u too
U are the benefactor


AK:
I am happy for you 🙂
Gambatte! 🙂





Reader:
Sifu wat are your latest picks?
Sifu u must help me
I need make enough for my children to study uni

AK:
Neverwinter! ;p
Anyway, I am only sharing my philosophy and experience as an investor in my blog. If it works for others too, I am happy.
I blog because I enjoy it.
If I feel that it has become work or if it has become a responsibility, I might stop blogging. ;)






To my Taoist readers, if you want to pray to AK, remember you must download the correct photo hor.

Jokes aside, to all my readers, remember that my approach to wealth building is a 

1. holistic one (see related post #1) 

and if you do the 

2. right things, don't thank me, thank yourselves in future (see related post #2). 

Gambatte!






Related posts:
1. Holistic approach to wealth building.
2. Don't thank AK but thank yourself.

Price we pay when die die must buy.

Someone told me that the fried mee from a hawker store at a market near my home is very good. 

Die die also must try. 





Every time I go, I see a long queue. 

When I ask how long must I wait for a serving? 

About half an hour or maybe longer. 

Forget it.

See: Comments.

On one of my evening walks, when I walked by the stall, there wasn't much of a queue. 

So, I tried the noodles. 

I didn't have to wait very long.

What does this tell us? 

If we die die must buy, then, there is a price we have to pay and that price might not be monetary in nature.





You want an example that is monetary in nature?

For those of us who buy cars, we would know the "discount" that they offer if we took a loan through the car dealer. 

If we did not, then, the price tag of the car would be higher.

For both my current and previous cars, they did that to me. 





I told the sales staff I would just buy a car elsewhere. 

It was not as if I die, die must buy a car from them. 

Suddenly, I could get the "discount" even though I didn't take a loan.

If we are die die must buy type of consumers, then, we could pay higher prices and it might or might not be in dollar terms.

Is this a story for consumers only or does it apply to investors too? 





Related post:
I could not afford it but...

AK is egg-static! (Inexpensive and nutritious food.)

Although ASSI is mostly a personal finance and investment blog, I really do blog about anything which I might fancy.

It might sound unbelievable but I do have a small following of readers who are always curious about what I have at mealtimes.

When did this start?





Maybe, it started from all the stuff I wrote about how we could save money by packing lunch to work. Maybe.

AK is a giamsiap fellow.

Dinner today?

Microwaved scrambled eggs with unsalted butter, garlic salt and a dusting of black pepper.

Time to prepare: 
Less than 3 minutes.

Cost:
About 50 cents.

Oishi! 

In more ways than one too.

OK, this is the last blog for the day. In case you just dropped in today, these are the links to the two other blogs published today:

http://singaporeanstocksinvestor.blogspot.sg/2017/07/blog-about-my-increasing-portfolio-value.html

http://singaporeanstocksinvestor.blogspot.sg/2017/07/do-this-to-get-higher-interest-income.html




Myth: High Cholesterol Is Caused by What You Eat
The biggest factor in cholesterol is not diet but genetics or heredity.

If you're still worried about the cholesterol in your diet, take a look at the newly released 2015 U.S. Dietary Guidelines. As recently as 2010, U.S. dietary guidelines described cholesterol-rich foods as "foods and food components to reduce."

They advised people to eat less than 300 milligrams (mg) per day, despite mounting evidence that dietary cholesterol has very little to do with cholesterol levels in your body.

The latest guidelines have finally removed this misguided suggestion, and they even added egg yolks to the list of suggested sources of protein.
Source:
https://articles.mercola.com/sites/articles/archive/2016/04/20/cholesterol-myths.aspx
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Added on 12 August 2017:

Egg curry! Oishi!
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Added on 14 August 2017:

In this version, I added full cream evaporated milk and some meat floss after the mixture (eggs, water, coconut oil and turmeric powder) came out of the microwave oven. Oishi!



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Added on 15 Aug 17:

Sedap! (Don't always oishi lah!)
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Added on 16 Aug 17.
Feeling lazy today.

Didn't even bother to scramble the eggs. Bad AK! Bad AK!
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Added (19 Aug 17):

Yum yum.
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Added (21 Aug 17):

I like.
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Added (2 Sep 17):

So healthy!
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Added (30 Sep 17):

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