The Only Way To Get Really, Really Rich

Here's The Only Way To Get Really, Really Rich

After reading this article, I felt it made much sense.

Life is a journey and a long one. We should treat our life as though as an investment and make thorough analysis before a decision. Like buying a stock, in life we always have to weigh the downside and upside potential. Remember that we are always given a choice, it is up to us to choose it.

Rich people are the ones that are comfortable getting out of their comfort zone. Ironic huh? They are good at adapting to different environment and willing to experience and venture out. True enough, the rich are those that are entrepreneurs and not those earning salaries.

Where it gets interesting is how the top 400 made their money:

• Wages and salaries: 8.6 percent

• Interest: 6.6 percent

• Dividends: 13 percent

• Partnerships and corporations: 19.9 percent

• Capital gains: 45.8 percent                              - Quoted from the article

Of cause, there is always a risk to starting up your own business. Everything in life has risk but it is how well we manage it. Hope this article brings inspiration to any entrepreneurs-to-be :)


Cheers!
Little Boy

Sell In May And Go Away?

A scary taboo, "Sell in May and go away".

Hmm. I'm just wondering whether this taboo will happen again this year.

It happened last year and it was my 1st year experiencing this encounter. I saw many counters especially the REITS getting whack down. Similarly, STI was at the peak of 3.49 but it came falling down to 3.20 and below in the May Period.

I will hold my war chest at the moment and see what is valuable to invest into. Meanwhile, I will try to stay away from the market for this period (May - July). I predict it will be a very low and dull period during this 3 months because of World Cup. Moreover, the last 3 World Cup have proven this lull period.

So why does this taboo happens? I guess nobody really knows. Even Investopedia cannot really have a definite answer : Sell In May And Go Away - Investopedia Defintion

Happy Investing!

Cheers!

Little Boy

Simple Yet Effective Improvisation

A simple and innovative idea that brings wonder.
I did not know so much harm is done to our Mother Earth. Poor Earth.

Singapore's version uses the detector device system. The device will turn red when parking lot is filled, lights are green when there are empty lots. Similar idea but I wonder how much these devices are spent when the Koreans are using a much cheaper method of Balloons.


Hope this creativity will bring some inspiration to readers here.
Innovation and improvisation at its best!

Cheers!

Little Boy

King Wan Corporation Limited Further Updates On KTIS

I just got a response from King Wan Corporation Limited regarding some questions I raised up to them.

My questions :

I will like to ask some questions relating to the listing of KTIS. I understand that the IPO will be listed on 28th April 2014. Will KingWan be liquidating all it's S$50m worth of KTIS shares? or will be holding onto some?

Another question regarding the loan to associates. I understand that loans made to associates totalling S$54m; S$23m bears interest at 2.5% to 5% per annum, S$26m interest free. What are your views on it?

Here is their reponse

I believe King Wan's management will do their best to monitor the price movement of KTIS and hopefully offload some at the right price. I am confident that they are capable of doing so.

KTIS will be listed at 10 Baht/Share. For every increase in 1 Baht/Share will see an increase in S$4.56m. So timing to release these shares have to be precise. One forum-er in VB has mentioned earlier that another IPO listing of similar industry (Food and Agro Industry), Ichitan Group Public Company which is on Stock Exchange of Thailand has shot up on the first day of release.

IPO Price - 13 Baht/Share.
First day Closing Price - 16.20 Baht/Share.
Now Current Closing Price - 17.90 Baht/Share.

If we are to see KTIS shares to shoot up by 25-35% like how Ichitan shares did, we are looking at another S$10-15m coming in if King Wan are to offload their KTIS shares. Yummy Yummy!


The only question now is, when will King Wan offload their shares?


Looking forward to Monday :)

Similar post:

King Wan Corporation Limited on KTIS IPO Listing
King Wan Corporation Limited - More Upside Potential?

Cheers!

Little Boy

King Wan Corporation Limited on KTIS IPO Listing

It's about time that they finally announce this news.

"On 25 April 2012, King Wan Corporation Limited (the “Company”, and with its subsidiaries, the “Group”) and its wholly owned subsidiary, King Wan Industries Pte. Ltd (“KWI”) entered into Sales and Purchase (“SPA”) agreements with KTIS to sell their entire shareholding in Environment Pulp and Paper Company Limited (EPPCO) and Ekarat Pattana Company Limited (EPC), for a total consideration of THB1,224,400,000, 5% of the consideration has been paid in cash and the remaining 95% shall be by way of shares in KTIS when it is listed on the SET. 

The Board of Directors of the Company is pleased to announce that the Office of Securities and Exchange Commission in Thailand ("SEC") had officially approved KTIS’ Initial Public Offer (“IPO”) filing on 18 April 2014 and KTIS’ shares were opened for subscription between 21 to 23 April 2014. KTIS’ shares will commence trading on the Stock Exchange of Thailand (SET) on 28 April 2014.  " - Quoted

King Wan Corporation Limited will be allocated with 87,267,000 shares and King Wan Industries 29,051,000 shares. A total of 116,318,000 allocated shares at 10baht/share translate to approx S$45.36m (Using 1 THB = 0.0390SGD). This will represent about 3.01% of KTIS issued shares. With that insight, this will bring very a exciting future ahead especially from FY2015 Q2 onwards. 

I have emailed their IR regarding on their decision whether to keep part of KTIS shares or to liquidate all of it. I hope they can get back to me.

King Wan's Current Closing Price on 25th April 2014 : 0.335

You can also refer to my previous entry on King Wan
King Wan Corporation Limited - More Upside Potential?

Sources:
http://infopub.sgx.com/FileOpen/KingWanCompletionofIssuance25Apr2014.ashx?App=Announcement&FileID=293446

http://infopub.sgx.com/FileOpen/KingWanPressRelease25Apr2014.ashx?App=Announcement&FileID=293453

Cheers!

Little Boy