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(28-07-2013, 04:31 PM)CityFarmer Wrote: IMO pawn shops didn't contribute to current social inequality. It makes "legal loan" service equally accessible to all. Banks doesn't have the same accessibility. So pawn shop actually "improve" on social inequality. 
I do not think pawn shops contribute to social inequality either. Sometimes, people get confused with cause and symptom. More pawn shops appearing in times of prosperity is a
symptom of income inequality, not a cause.
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Trust yourself only with your money
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Do you think there is much difference when you buy your HDB flat under a housing mortgage loans of 10 to 20 years? Or a car under 7 to 10 years credit loan? The only difference is AH BENG takes a loan from pawnshop to tight him over, while you maybe a highly paid civil servant or privately employed salaried man from a Bank. If you lost your job, there is no difference. IMO.
WB:-
1) Rule # 1, do not lose money.
2) Rule # 2, refer to # 1.
3) Not until you can manage your emotions, you can manage your money.
Truism of Investments.
A) Buying a security is buying RISK not Return
B) You can control RISK (to a certain level, hopefully only.) But definitely not the outcome of the Return.
NB:-
My signature is meant for psychoing myself. No offence to anyone. i am trying not to lose money unnecessary anymore.
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Maxi-Cash is proposing another bonus issue, 1 for every 10 shares.
http://infopub.sgx.com/FileOpen/Propose_...eID=251184
(not vested)
“夏则资皮，冬则资纱，旱则资船，水则资车” - 范蠡
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Interesting group of companies that's competing to do bonus issues, haha yeah i know it is to make the stock more liquid
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I was just reading the financial statement of maxi cash, trading at a current valuation of more than 40. Will this stock follow the footsteps of blumont, liongold, asiasons? Not too sure, only time will tell
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(14-10-2013, 11:59 PM)safetyfirst Wrote: I was just reading the financial statement of maxi cash, trading at a current valuation of more than 40. Will this stock follow the footsteps of blumont, liongold, asiasons? Not too sure, only time will tell
The PE is high at more than 40, but the PB is approx 3, which is not aggressive relative to the three stocks at their peak. The three stocks' valuation were as high as few hundreds in PE, and more than 50 at PB at their peak.
But I do agree the company stock is overvalued. The fair valuation of the company should be slightly above 1 in PB, IMO.
(not vested)
“夏则资皮，冬则资纱，旱则资船，水则资车” - 范蠡
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Sometimes I don't understand how SGX approval works...
Before you speak, listen. Before you write, think. Before you spend, earn. Before you invest, investigate. Before you criticize, wait. Before you pray, forgive. Before you quit, try. Before you retire, save. Before you die, give. –William A. Ward
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