We should stick to low-risk investments

(11-01-2014, 08:28 AM)Temperament Wrote:

(11-01-2014, 12:57 AM)opmi Wrote:

(10-01-2014, 10:51 PM)Temperament Wrote:

(10-01-2014, 07:54 PM)CityFarmer Wrote:

(10-01-2014, 06:07 PM)opmi Wrote: just to further discuss. Qn for all:
Would u buy net net small cap with $1.5 cash/blue chips at $0.40 with history of no dividend?
Assuming no kleptomaniac owners + no sleeping on the job IDs. Credible corp gov.

I value less on asset, more on earning. If I invest on asset, there should have a reasonable certainty in unlocking its value within a schedule

So in short, I might not buy it.

Is earning (in future) more assurable then solid assets?
Thai Bev. swallowing F&N is more for it's assets (cash hoard included) or it's future earnings?

This remind me of a certain JIM Slater Walker who taught Singapore companies how to buy companies for their "hidden" assets. Though at that time, i was only a young man all sotong(blur) about investments. i know nuts but was interested in the news somehow.

U really old. Slater walker also come out. OCBC was stir fried to $50 when slater walker came to play Sg market.

What do you think? Of course i am old already. Do you think i am a fake? Phoney? And do you know how this episode of Singapore Market ended? If you google it is not counted. It must be from your memory.
Ha! Ha!

from memory. No google: OCBC was stir-fried to almost $50 on rumours of 'undervalued, hidden assets'. namely their property portfolio. Then it fell back after OCBC clarified the issue. Slater Walker also went after Haw Par. Something to do with UOB too. In the end, Slater Walker went back HK unsuccessful.

anyway, I did not live in those interesting times. I read these old newspapers articles in NUS Central Lib when I was an undegrad long time ago.

(11-01-2014, 08:55 AM)opmi Wrote:

(11-01-2014, 08:28 AM)Temperament Wrote:

(11-01-2014, 12:57 AM)opmi Wrote:

(10-01-2014, 10:51 PM)Temperament Wrote:

(10-01-2014, 07:54 PM)CityFarmer Wrote: I value less on asset, more on earning. If I invest on asset, there should have a reasonable certainty in unlocking its value within a schedule

So in short, I might not buy it.

Is earning (in future) more assurable then solid assets?
Thai Bev. swallowing F&N is more for it's assets (cash hoard included) or it's future earnings?

This remind me of a certain JIM Slater Walker who taught Singapore companies how to buy companies for their "hidden" assets. Though at that time, i was only a young man all sotong(blur) about investments. i know nuts but was interested in the news somehow.

U really old. Slater walker also come out. OCBC was stir fried to $50 when slater walker came to play Sg market.

What do you think? Of course i am old already. Do you think i am a fake? Phoney? And do you know how this episode of Singapore Market ended? If you google it is not counted. It must be from your memory.
Ha! Ha!

from memory. No google: OCBC was stir-fried to almost $50 on rumours of 'undervalued, hidden assets'. namely their property portfolio. Then it fell back after OCBC clarified the issue. Slater Walker also went after Haw Par. Something to do with UOB too. In the end, Slater Walker went back HK unsuccessful.

anyway, I did not live in those interesting times. I read these old newspapers articles in NUS Central Lib when I was an undegrad long time ago.

The episode of Singapore market ended or rather crashed tumbling down when LKY said something in the news. Ha! Ha! He was highly respected then.
In the end Slater walker was made a bankrupt (aka swallow too much and too fast caused indigestion). Whether he hid his "ill gotten gain" somewhere was anybody guess. ?
And i was a only a keen observer trying to learn, trying to understand the fascisating World of Investment.
The problem is i am still learning here.
And it's still very fascinating to me.
Cheers.

(10-01-2014, 07:54 PM)CityFarmer Wrote:

(10-01-2014, 06:07 PM)opmi Wrote: just to further discuss. Qn for all:
Would u buy net net small cap with $1.5 cash/blue chips at $0.40 with history of no dividend?
Assuming no kleptomaniac owners + no sleeping on the job IDs. Credible corp gov.

I value less on asset, more on earning. If I invest on asset, there should have a reasonable certainty in unlocking its value within a schedule

So in short, I might not buy it.

agree 100% with CityFarmer. Assets wasting around can stay that way for a long time.

(11-01-2014, 09:12 AM)Temperament Wrote:

(11-01-2014, 08:55 AM)opmi Wrote:

(11-01-2014, 08:28 AM)Temperament Wrote:

(11-01-2014, 12:57 AM)opmi Wrote:

(10-01-2014, 10:51 PM)Temperament Wrote: Is earning (in future) more assurable then solid assets?
Thai Bev. swallowing F&N is more for it's assets (cash hoard included) or it's future earnings?

This remind me of a certain JIM Slater Walker who taught Singapore companies how to buy companies for their "hidden" assets. Though at that time, i was only a young man all sotong(blur) about investments. i know nuts but was interested in the news somehow.

U really old. Slater walker also come out. OCBC was stir fried to $50 when slater walker came to play Sg market.

What do you think? Of course i am old already. Do you think i am a fake? Phoney? And do you know how this episode of Singapore Market ended? If you google it is not counted. It must be from your memory.
Ha! Ha!

from memory. No google: OCBC was stir-fried to almost $50 on rumours of 'undervalued, hidden assets'. namely their property portfolio. Then it fell back after OCBC clarified the issue. Slater Walker also went after Haw Par. Something to do with UOB too. In the end, Slater Walker went back HK unsuccessful.

anyway, I did not live in those interesting times. I read these old newspapers articles in NUS Central Lib when I was an undegrad long time ago.

The episode of Singapore market ended or rather crashed tumbling down when LKY said something in the news. Ha! Ha! He was highly respected then.
In the end Slater walker was made a bankrupt (aka swallow too much and too fast caused indigestion). Whether he hid his "ill gotten gain" somewhere was anybody guess. ?
And i was a only a keen observer trying to learn, trying to understand the fascisating World of Investment.
The problem is i am still learning here.
And it's still very fascinating to me.
Cheers.

Slater walker bought shares in Har Par International thru few brokering houses , Oh Cheng Chye was the family culprit who sold shares secretly up to S$4.00. When Walker accumulated more than 50% , he took control of HPI which also control Chung Kiaw Bank. OCC was a disgrace and had a so called'' heart attack "in Brazil.'
Slater Walker sold his HPI holding all to Wee Cho Yaw and made a big fortune ( Market rumour that time was more than S$10.00 .)
Walker was a British , an accountant but was made a bankrupt before he moved to Australia. Walker was a muti-millionair after the HPI saga.
Walker was so proud to declare his success in his autobiography that even LKY had to write a personal letter to Tunggul to ask Malaysia side to make declaration a compulsion by foreigner even with 1 lot of purchase of bank share.
Walker retired comfortable after this raid.

(11-01-2014, 10:23 AM)godjira1 Wrote:

(10-01-2014, 07:54 PM)CityFarmer Wrote:

(10-01-2014, 06:07 PM)opmi Wrote: just to further discuss. Qn for all:
Would u buy net net small cap with $1.5 cash/blue chips at $0.40 with history of no dividend?
Assuming no kleptomaniac owners + no sleeping on the job IDs. Credible corp gov.

I value less on asset, more on earning. If I invest on asset, there should have a reasonable certainty in unlocking its value within a schedule

So in short, I might not buy it.

agree 100% with CityFarmer. Assets wasting around can stay that way for a long time.

i think it's O. K. if your money is for long term and dividend yield (income) Just like buying a FH property and collecting rent.

(10-01-2014, 06:07 PM)opmi Wrote: just to further discuss. Qn for all:
Would u buy net net small cap with $1.5 cash/blue chips at $0.40 with history of no dividend?
Assuming no kleptomaniac owners + no sleeping on the job IDs. Credible corp gov.

If talking about sgx non s-chip penny, then I probably would.

(10-01-2014, 10:51 PM)Temperament Wrote:

(10-01-2014, 07:54 PM)CityFarmer Wrote:

(10-01-2014, 06:07 PM)opmi Wrote: just to further discuss. Qn for all:
Would u buy net net small cap with $1.5 cash/blue chips at $0.40 with history of no dividend?
Assuming no kleptomaniac owners + no sleeping on the job IDs. Credible corp gov.

I value less on asset, more on earning. If I invest on asset, there should have a reasonable certainty in unlocking its value within a schedule

So in short, I might not buy it.

Is earning (in future) more assurable then solid assets?
Thai Bev. swallowing F&N is more for it's assets (cash hoard included) or it's future earnings?

It is comparing existing recurring earning vs. existing assets. In other words, it is more on earning power, than net worth...

(11-01-2014, 05:05 PM)CityFarmer Wrote:

(10-01-2014, 10:51 PM)Temperament Wrote:

(10-01-2014, 07:54 PM)CityFarmer Wrote:

(10-01-2014, 06:07 PM)opmi Wrote: just to further discuss. Qn for all:
Would u buy net net small cap with $1.5 cash/blue chips at $0.40 with history of no dividend?
Assuming no kleptomaniac owners + no sleeping on the job IDs. Credible corp gov.

I value less on asset, more on earning. If I invest on asset, there should have a reasonable certainty in unlocking its value within a schedule

So in short, I might not buy it.

Is earning (in future) more assurable then solid assets?
Thai Bev. swallowing F&N is more for it's assets (cash hoard included) or it's future earnings?

It is comparing existing recurring earning vs. existing assets. In other words, it is more on earning power, than net worth...

Juz to clarify... I thought we were talking about net net and not asset play?

(11-01-2014, 05:54 PM)smallcaps Wrote:

(11-01-2014, 05:05 PM)CityFarmer Wrote:

(10-01-2014, 10:51 PM)Temperament Wrote:

(10-01-2014, 07:54 PM)CityFarmer Wrote:

(10-01-2014, 06:07 PM)opmi Wrote: just to further discuss. Qn for all:
Would u buy net net small cap with $1.5 cash/blue chips at $0.40 with history of no dividend?
Assuming no kleptomaniac owners + no sleeping on the job IDs. Credible corp gov.

I value less on asset, more on earning. If I invest on asset, there should have a reasonable certainty in unlocking its value within a schedule

So in short, I might not buy it.

Is earning (in future) more assurable then solid assets?
Thai Bev. swallowing F&N is more for it's assets (cash hoard included) or it's future earnings?

It is comparing existing recurring earning vs. existing assets. In other words, it is more on earning power, than net worth...

Juz to clarify... I thought we were talking about net net and not asset play?

For my example, it is pure graham type of net net. Current assets - total liabilities.
Current assets are all cash (local and fx) and blue chips shares.

I guess CF is using 'earnings power' as a comparison.

(11-01-2014, 10:12 PM)opmi Wrote:

(11-01-2014, 05:54 PM)smallcaps Wrote:

(11-01-2014, 05:05 PM)CityFarmer Wrote:

(10-01-2014, 10:51 PM)Temperament Wrote:

(10-01-2014, 07:54 PM)CityFarmer Wrote: I value less on asset, more on earning. If I invest on asset, there should have a reasonable certainty in unlocking its value within a schedule

So in short, I might not buy it.

Is earning (in future) more assurable then solid assets?
Thai Bev. swallowing F&N is more for it's assets (cash hoard included) or it's future earnings?

It is comparing existing recurring earning vs. existing assets. In other words, it is more on earning power, than net worth...

Juz to clarify... I thought we were talking about net net and not asset play?

For my example, it is pure graham type of net net. Current assets - total liabilities.
Current assets are all cash (local and fx) and blue chips shares.

I guess CF is using 'earnings power' as a comparison.

Ok then my answer still the same, will probably buy even for the more common cases where cash accounts for part of current assets, since the rest is usually actual working capital required for the business.