With this kind of dividends received by long time royal shareholders of Kep Corp; the company has already compensated their loyalty more than enough. Even if Kep Corp becomes bankrupt in the next decade. These loyal investors should have no regrets. Right? We rather regret not making more money than feeling so sorry of losing our hard earned money.
One of the hedge-fund industry's most respected stock pickers,
David Einhorn, struggled in July, with his flagship Greenlight Capital
LP fund dropping 6.1 percent, according to a person who reviewed his
The downbeat performance left Einhorn's fund down 9 percent year-to-date.
Given that stock markets have mostly rallied of
late, the exact sources of Greenlight's pain weren't entirely clear. Yet
two of its larger long positions, according to filings, were down
substantially: Consol Energy, which dropped 24 percent; while SunEdison, another energy company, tumbled 22 percent.
Public filings, however, typically don't reveal an
investor's short, or bearish, positions—an area in which Einhorn tends
to be active.
Broadly speaking, Greenlight's shorts could have been harmed by a modest stock-market rally, which pushed the S&P 500 Index
up nearly 2 percent for the month. Still, one of the stocks Einhorn has
been most bearish about of late (even though he hasn't explicitly said
his fund is short it), is Pioneer Natural Resources.
The shale driller is one Einhorn nicknamed "the MotherFracker," and it fell on the month.
In a letter to investors a few weeks ago, in which
he discussed his performance for the second quarter—when Greenlight
fell 1.5 percent—Einhorn described the period as "a challenging quarter
for finding new long ideas."
He also wrote that although the fund had some
investments in the embattled Greek markets, those positions weren't of
meaningful size or influence to Greenlight's overall portfolio.
CW8888: See what can happen to among the world's best money managers across market and sector cycles of boom and doom. His track record, David Einhorn
One good thing about an old cock financial and investment blogger like Uncle8888; they belong to the generation of people who like to keep junks. For the younger ones; look at your parents and grand-parents for clues. LOL! Based on Uncle8888's old junk Income Tax Assessment form in 1986 (Year of Assessment) to his newest junk 2015 (Year of Assessment); his annual Earned Income after income tax over last 29 years as employee has grown by 276% or 4.7% CAGR
Honestly and seriously, Uncle8888 also don't know what he is doing over the last 14 years. Just fooling around with Kep Corp?
You like to hear fantastic investment stories like you won't lose money. Money in the stock market can be easily made if you KNOW certain Method or Secret Sauce; you have to attend "Gurus" preview seminars. They teach!
The upside being married with children; after they became financial independent; we begin to feel richer when we look at our recent family expenses!
Wah! Now got meaningful saving hor!
The Moral Of Story .... Our financial burden and stress for being married with children is NOT forever till our death. It is limited to some 20+ year of financial suffering. Not that gloomy after all. When it is over; we feel that time has passed by so quickly and wonder how come we can manage to get over it.
Until you have personally witnessed yourself; you will never want to think for yourself. Dementia: Lost and Found Again and Again!!!
The only reason ... They still have their loved ones with them to take calls from the kind strangers who have noticed them wandering around and care to check on them for identification and contact numbers. Once dementia; no amount of money can help you as you don't know what is money.
SINGAPORE: Sovereign wealth fund GIC manages well over
US$100 billion worth of assets in more than 40 countries globally.
According to its latest annual report released on Thursday (Jul 30), it
has generated an average annual real return of 4.9 per cent for the
20-year period ending March 31, 2015. This marks an increase from the
4.1 per cent it reported a year ago for the 20-year period ended in
The real rate of return reflects what is made over and
above global inflation. In USD nominal terms, the GIC portfolio
generated an annualised return of 6.1 per cent over the same period.
for portfolio mix, GIC said it has remained largely unchanged from the
previous year in terms of asset classes and geographical distribution
because it has a long-term investment horizon, and takes a bottom-up
approach, picking investments based on individual merit.
exposure to equities in developed and emerging markets accounted for
almost half its portfolio. Developed markets equities accounted for 29
per cent of the portfolio, while emerging markets equities 18 per cent.
The rest was in bonds, cash, real estate and private equity. On a geographical basis, exposure
to the Americas was highest at 43 per cent. followed by Asia at 30 per
cent and Europe, at 25 per cent. Australasia accounted for the remaining
2 per cent. Going forward, GIC said the investment
environment over the next decade is likely to be more difficult for all
investors. The sovereign wealth fund said asset prices, particularly in
developed markets have risen strongly in the past five years, amid
initial low valuations and loose monetary policy. However, the outlook
for economic growth and earnings has not improved by as much, so looking
ahead, it expects real returns to be more modest than in the past.
GIC said it will take advantage of short-term price volatility in order
to generate good long-term real returns. It added that its exposure to
emerging market equities will contribute positively to its portfolio
over the long term.
No free lunch. Lower risk. Lower portfolio return will be expected!
"Most of you will have 40 years or more in your working life. Unless, of
course you plan to retire very early in your 40s, when you should
ordinarily speaking still be peaking. It would be wasteful if you choose
to stop work prematurely, since so much human capital has been invested
in you. And believe me, you will be bored to death if you let up too
early in life." - Liew Mun Leong
Don't wait till 40 years to find out the outcome of our human asset. At that time, it is too late! Human Asset is like this. You don't keep moving up after some years; you
are likely to be condemned. That is why our Financial Assets must complement our
Human Asset and finally must overtake our Human Asset so that we can put our
condemned Human Asset to the junk yard without regrets.
Honestly. You are closer to listen to LML or Uncle8888?
Real Retail. Real Story He told me he lost 40% of his capital. 20% confirmed gone as the counter has been suspended recently! Another 20% paper losses. His mistake .... He kept averaging down this counter to 20% of his capital and now gone case. Another counter he also average down three times till large paper losses. The moral of the story for all newbies - Have you earned your right to average down? Never average down. Only for the learned ones or big fat purse!
1. On 18 May 2015, CitySpring Infrastructure Trust acquired the
business undertakings and assets of Crystal Trust (formerly known as
Keppel Infrastructure Trust), and was renamed Keppel Infrastructure
2. On 30 June 2015, KIT completed the acquisition of a 51% stake in
Keppel Merlimau Cogen Pte Ltd (“KMC”) for a purchase consideration of
$510 million, which was financed by an equity fund raising exercise. In
addition, KMC drew down $700 million in loan facilities as part of the
Accordingly, KIT’s 1Q FY2016 results do
not include any contributions from KMC.
3. Distribution per unit (DPU) of 0.25 Singapore cents was declared for the period from 29 May 2015 to 30 June 2015(1).
4. Group revenue for 1Q FY2016 was $114.4 million, 14.2% lower than
1Q FY2015, primarily as a result of lower town gas tariff arising from
lower fuel cost and higher negative CRSM payment incurred by Basslink.
5. Funds from operations (“FFO”)(2) was $22.2 million for
1Q FY2016, compared to $25.0 million for 1Q FY2015. This was due mainly
to higher negative CRSM payment and higher interest incurred by
Basslink, which were partially offset by contribution from the Crystal
acquisition and lower maintenance capital expenditure at Basslink.
6. Net asset value per unit as at 30 June 2015 increased to 36.3
Singapore cents from 12.3 Singapore cents as at 31 March 2015.
increase was due mainly to the Crystal acquisition and the KMC
acquisition and mark-to-market gains of derivative instruments, which
were partially offset by distributions paid. 7. Gearing(3) as at 30 June 2015 was 37% compared to 52% as at 31 March 2015 due to lower gearing of the Crystal assets and KMC. (1) Distribution from 1 April 2015 to 17 May 2015 of $6.4
million was paid on 26 May 2015. Distribution from 18 May 2015 to 28 May
2015 of $3.1 million was paid on 8 June 2015. This excludes the special
distribution of $30.0 million paid on 8 June 2015. (2) Funds from Operations (“FFO”) is defined as PAT
adjusted for reduction in concession/lease receivables, transaction
costs, investment expenditure, non-cash interest and current cash tax,
maintenance capex, non-cash adjustments and non-controlling interests
adjustments. (3) Defined as net debt over total assets.
I am 58+ yrs old uncle living in HDB heartland doing long-term investing and short-term trading in Singapore stock market only.
I am still making my way to an early retirement by 2016 at 60 yrs old. Official retirement age in Singapore is 62; but can be re-employed up to 65.
I have two sons and one daughter. Two working adult children and the youngest son is in NS.
My wife is a home CEO without income. There are two mouths counting on me for financial support, so I have to do well in this investing journey. There is little room for failure!
Last updated: 22 May 2014
Disclaimer: Stock trading involves significant risks. Create Wealth trader is not a licensed Investment Adviser and will not be responsible for any losses which you incurred. You are advised to always do your own homework before making any trading decision.