Mr. Anthony Alfred Peter Davis is the Group President and Group Chief Executive Officer, Executive Director of Tiger Airways Holdings Ltd is selling off his rights-issued shares. This was a show of no confident in his company at least in the short term. My previous posting target price of S$0.066 was reached, currently trading at S$0.655 per share. As such, without further news, spikes&curves change our view on Tiger Airway to neutral.
Thursday, October 13, 2011
Wednesday, October 12, 2011
Tribute to Steve Jobs
I must admit that I'm not a Apple lover from the beginning because like how I pick my stocks, I always support the underdogs. My 1st apple product was an iPhone 4. At that point of time, I am contemplating which smart phone should I get, a Samsung Galaxy S or iPhone 4. Eventually, I picked an iPhone 4 and immediately fall in love with it. I also worried about how difficult to relearn all the new functions of a smart phone. But within 2 days, I am so comfortable with it. Great product from Steve Job!
On Friday, I pick up an newspaper and read an article he gave during a graduation convocation. I must said, I am touched by what he said. One of the things he said was, "sometimes, life hits you in the head with a brick. Don't lose faith. You got to find what you love. And that is as true for your work as it is for your lovers. Your work is going to fill a large part of your life and the only way to be truly satisfied is to do what you believe is great work. If you have'nt found it yet, keep looking. Don't settle." This part really hits me in my heart. I gave up easily when I met obstacles. I should fight for things I love, find a job which I'm passionate in. I will keep looking.
Back to Steve, he was a visionary leader whom looks what the futures lies. Similarly, investing in the stock market requires many foresight and guts feeling to go against the general trend at times. If you found a under value stock which are not moving. Don't get panic. As long you do your due diligence well, one day, you will be rewarded for keep faith.
Keep hungry and stay foolish. Steve Job, thank you for your great product.
Thursday, September 8, 2011
S Reits Overview
REITs Traded on SGX are detailed in the table below, that also includes the respective location of assets, sector coverage and dividend yields.
Sunday, September 4, 2011
Market Review 4 Sep 2011
Another month has passed. A quick look back in August, market has been very volatile. Manage to make slight profit from contra and very short term trading. I have been hitting to right stocks such as Noble at 1.303, HPH at 0.605, YZJ at 0.965 and the most recent put warrants last week, but however didnt make much due to my fear of market turning too fast. I sold off most at very small profit. My worst miss was the HSI put warrant bought last wed. If only I hold on till friday or even next week, I could have rake in a near 100% gain in 3-4 days. Moving forward, I have to be more confident of my analysis and stick to my trade for higher profit.
September had been always said to be the month which perform poorly in the stock market. One particular theory points to the fact the summer months usually offer light trading volumes on the stock market, as a good deal of investors typically take vacation time and refrain from selling stocks from their portfolio. Once fall begins these investors typically return to work and exit positions they had been planning on selling. When this occurs, the market experiences increased selling pressure, and thus an overall decline.
spikes&curves investment stunt is still conservative especially when most stocks has rebounded. I will continue to do short term trading.
Some of stock under my radar are:
Amtek, Mermaid, Singtel (short), Olam (short)
Saturday, September 3, 2011
Sunday Babe - Nat Nattasha
Thursday, September 1, 2011
Cash Rich S-chip
S-chip companies had been badly sold down during past few months. Even those performed relatively well are not able to avoid it. spikes&curves look into some of the S-chips with large cash holdings vs their share price.
1) Changtian
FA: Disposes some of their unprofitable business operation and company has been coping with rising raw material cost which reduces their profit margin. Near term business not much turnaround.
TA: Trading at very low price. Near all time low.
6 mth EPS: 1.84 RMB
Cash holdings: $0.219 per share. (currently traded at $0.055-0.06)
2) China fibertech
FA: 6 mth 2011 earning improved. However, management mentioned order had dropped in q2. Nevertheless, should maintain profitable for 2011.
TA: Damn low.
6 mth EPS: 5.0 RMB
Cash holdings: $0.166 per share (currently traded at $0.05-0.051)
But do you dare to buy? spikes&curves do hold the above mentioned two counters.
But do you dare to buy? spikes&curves do hold the above mentioned two counters.
Friday, August 26, 2011
Tiger Airway Holdings Ltd
Tiger Airway announced offer of 1 for 2 renounceable rights issue up to 273,423,930 new ordinary shares at issue price of S$0.58 per Rights Share. This is at discount of approximately 39% to the last traded price of S$0.955. The theoretical ex-rights price of S$0.83.
After rights issue, their net tangible asset increase to S$0.395 from S$0.309. EPS also will also improve from (3.8cts) to (2.5cts). Budget airline is a high growth industry, however, competition is also very intense. The recent negative impact on Tiger Airway's business in Australia definitely deal a heavy blow to their revenue. It also affect their already poor branding. Those whom already holding Tiger's shares will be facing selldown in coming weeks. Those whom looking to buy should wait longer first.
spikesandcurves recommends a sell on Tiger Airway based on two factors. In near term, their revenue grow will be weak or even making losses. Secondly, there is not catalyst to warrant a strong support. Risk reward factor does not justify a buy at all. However, we also feel that after their rights issue, and some recovering period, Tiger may look attractive if business improves together with a better economy outlook. Target price S$0.66, a 20% discount of theoretical post rights price of S$0.83.
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