Monday, October 19, 2009

Returns from Sihuan

I got my $9750 from Sihuan on the 14th Oct when I checked my POSB account. I was hoping they could send a letter telling me they sent the money over instead of me being surprised. Nevertheless, I transfered the amount to POEM for the Philips MMF. (edit: I received the mail from SGX about the transfer on 19th October, 5 days after the actual transfer)

StockPurchase DateAnnualized ReturnBuying PriceSelling Price
STI ETF*25-Aug-200927.74%2.652.77

Sadly, I did only half as good as the STI ETF benchmark even though I got around 12% annualized returns. I did include the charge for stamp for Sihuan and the usual brokerage charges for the STI ETF, but still the market breakout made STI ETF returns increase greatly.

However, Sihuan was a good experience. I learn that there are no charges for accepting cash offer except for and stamp. But, it still puzzles me is when does the payment after accepting the cash offer occur. I will be happy to hear someone to enlighten me about it since there is still a China Precision and Chartered Semiconductor cash offer. I am not sure if the payment is after the offer become unconditional, or even earlier.

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