Scrips dividend

A fellow forum user asked me to explain the basics of scrip dividends. Here is my response. I thought that it's important to highlight this (even though the question is on MIIF) because one of the companies that I have partial ownership on - Pac Andes - is also going to do scrips dividends.Here's my reply:-------------------------------------------------------There are two ways that companies can distribute cash - one is through cash (the normal route) and the other is through scrips dividends. I have the fortune of investing in two companies...

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Falling wedge formation

Doing this for a friend who asked me what is the meaning of falling wedge formation. It's true...there is a falling wedge formation, awaiting confirmation. If it breaks green line (esp with heavy volume), then bullish confirmation is confirmed. This means there is more upside. I think this is quite likely. It's possible to reach up to 3010. If it breaks red line, then bullish signal becomes very very bearish sign. I think it's unlikely, but if it...

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FJ Benjamin FY08 results

FJ Benjamin released its full year results for FY08 recently. I’m not interested in this company though I’m interested in the business. I followed this company since a number of forum friends had or once had vested interest in this company, so I’m doing it for the intellectual challenge that it might pose.The press release as usual gave a very clear summary of how FJ ben is doing. The headlines mentioned about the 33% increment in turnover year...

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Stupid

There is a fellow blogger called Stupid but if name is an aspiration to strive towards, this blogger is anything but the name suggests.Stupid (henceforth called Stu) mentioned about the irrational exuberance exhibited by buyers backed in August 2007. You can see it on Decipher's blog, dated 17th August, 2007. But to understand the messages between the lines, one needs to understand the language used by Stu.1. L&SThis one is the crowd favourite question. Once and for all, L&S is a slang used by Stu to describe financial institutions. Another...

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Money No Enough 2 Part deux

Part deux: Money No Enough 2Though I dislike the movie by Jack Neo, I seriously like the very down to earth songs in the movie, sung mostly in Hokkien - the language of the melancholy (and crude). Why do I say that? Listen to those Hokkien songs, it's almost invariably about tragedies - personal or otherwise! Hokkien songs evoke the melancholic liquor of out everyone that other songs find it hard to do. If you don't believe, listen to Chen Lei's songs :PThe subject of the review, part deux, is more on the songs in the movie.Here's the song that...

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Batman: Gotham knight review

I just watched the greatest batman movie ever!It's not really a movie, but rather it's a 6 part anime-movie, titled Gotham Knight. I dare say it's even better than the recent movie depicting the Joker, because this one is closer thematically and philosophically to the batman that I know and want to see. Each part consists of a series of thematically related but not necessary chronologically ordered short story. But before you dismiss it, do note that each series has a lot more depth than the movie can ever do. The following themes are explored...

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Thoughts about STI part 2

Was nudged by millionairemind to do a little investigation into the total returns of STI should year 2008 fall by 20%. Since I have not been checking STI absolute value (I did check the daily relative % drop/rise though), I was quite surprised that since the start of the year, we've dropped a cool 20%.I did post a table with the values of all the CAGR for different years from investing in STI, in this post. I think this time, I better list down...

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Money No Enough 2

I watched Jack Neo's Money No Enough 2 today.To summarise, I do not like it at all. The summation of the cheap feel of the CGI, predictable plot lines and the usual ranting of pet topics makes it not worth the premium ticket price to watch this movie on a weekend. Fortunately, I watched it at a discount movie theater, which showed the movie at only $7, so it's not too bad to whilst one's time away for 2 hours.It's rather ironic to see the cinema...

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China milk 1Q09

China milk's 1Q results are out.Only have time to browse through press release and power point slides. I'll do a more detailed analysis when I've the time.To summarise:1. EPS increased from 0.11 RMB in 1Q08 to 0.14 1Q09, a 27.3% growth2. Revenue grown from 124.2 mil RMB to 158.4 mil RMB, 27.6% growth3. NAV rose from 2.46 to current 2.61 in 1Q094. announced JV with a govt owned bureau and a third party (unnamed) to acquire like 200 pedigree bull sires. That's 140 mil RMB investment with 40% stake - all self funded5. raw milk processing, OEM basis,...

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Swiber 2Q08 results

Swiber released their 2Q results today. From the looks of it, it seems like they did very well, with net profit (mind you, not revenue) shooting up 258.1%. 2Q revenue is 82% of total revenue achieved in the whole of FY07 and 2Q’s earnings had already overshot the whole of FY07’s earnings. But I’ve learnt never to take press release so literally, so it’s best to pore over the results and ignore all the hype in the press release.Let’s ignore the 2Q results and talk about the half year results straight. Why? This must be the first time I’m studying...

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Hongguo 2Q results

2Q resultsIncome statement1. There is a jump in revenue from 166 mil RMB in 2Q07 to 188 mil RMB in 2Q08, representing a jump of 13.3%. Net profit increased from 26.8 mil RMB to 27.9 mil RMB.2. Gross profit margin increased from 41.6% to 45.2%. Net profit margins decreased from 16.1% to 14.8% quarter to quarter. I'm currently monitoring net profit margin situation.3. Selling and distribution/admin expenses(SDA) to revenue (%) increased from 24.5% to 28.0%.4. Net profit margin drops mostly due to share of losses of JV (580k RMB), finance cost (395k...

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China Hongxing's 2Q report

China Hongxing gave a strong 2QFY08 report. Here's the highlights of the reports:1. Revenue increased 53.1% for the quarter ending 30 June 08. For the 1HFY08, revenue increased by 48.4% compared to 1HFY07. Gross margin dropped from 42% in 1H07 to 40% in 1H08. For the same period, net margins also dropped from 18.8% to 17.4%.My take:The revenue growth of Hongxing is always admirable. They are on the fast track to increase their points of sales (POS) rapidly, and this contributes to their top line exponentially. Just for the first half of FY08,...

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C&G Industrial holdings

C&G Industrial holdings had a ninja 2QFY08 announcement on 3rd August, yesterday. It is rare to see a company giving its result announcement on Sunday. Caught me off guard, so to speak :) I noticed it when I saw a big drop in % change - around 27% drop - when I checked my watchlist.Not going to do any detailed analysis. I thought this is a good candidate for pure Graham's play. The big drop is likely due to the bad 2Q08 results. Revenue dropped 7.2% compared to the 2Q07, gross profit dropped 17.4% and net profit dropped 66.5%. What caught...

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Circular to shareholders

CIRCULAR TO SHAREHOLDERS (“CIRCULAR”) in relation to THE PROPOSED UPGRADING OF BASIC CBOX TO PREMIUM CBOX (“THE UPGRADE”) ------------------------------DEFINITIONSFor the purpose of this Circular, the following definitions apply throughout unless the context otherwise requires or unless otherwise stated.“BullyTheBear” : The once exclusively technically inclined, but now almost exclusively fundamentally inclined financial website in Singapore“cbox” : The tiny little community space above the blog posts of BullyTheBear and below the header,...

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