Tuesday, March 30, 2010

Cash Offer: Radiance Group (5DC)


References: SGX - Radiance Group Cash Offer

Company Info:


Radiance Group Limited, formerly Radiance Electronics Limited, is an investment holding company. The Company operates through four product segments: satellite communications, computer peripherals, other products, and management and investment (M&I) activities. The Company provides electronics manufacturing services (EMS) to customers who are original equipment manufacturers (OEMs) or original design manufacturers (ODMs) of products in the satellite communications, computer peripherals, medical and consumer electronics industries. It is involved in box build and printed circuit board assembly services catering to the needs of the low to moderate volume customers and high product mix for satellite communications products such as Low Noise Block (LNB) converters and satellite signal distribution equipment and accessories; computer peripherals, such as keyboards, scanners and keypad/key-panel console for inkjet printers, and other medical and consumer electronics products.


Offer Price

$0.07618

Thursday, March 25, 2010

Weekly soccer betting with Martingale system #11

Will be closing all the positions as soon and will not start any more bets. It will probably takes a few months to completely close all the bets. Also, I has not been blogging because I don't wish to waste time on the market till I cash out from ChinaLife. Google captcha human verification don't seem to be working as I starts to see some spam comments on this blog.

This week's bet


$ 4 Fund Carryover
$82 Winnings

$20, (not enough fund, used for the $80 to max use)
$40, (not enough fund, used for the $80 to max use)
$40, (not enough fund, used for the $80 to max use)
$40, (not enough fund, used for the $80 to max use)
$80, BOCH vs E FRANKFURT, Home 2.2
$160, (not enough fund)

$6 Fund Left (from $300 invested)

References:

  1. Singapore Pools odds

Friday, March 19, 2010

Weekly soccer betting with Martingale system #10

Added the bets for this week after several weeks of no betting due to no funding. The Martingale system does feel very volatile and not for everyone.

This week's bet


$4 Fund Carryover
$100 Monthly Fund

$20, SCUNTHORPE vs PLYMOUTH, Home 2.05
$20, SCUNTHORPE vs PLYMOUTH, Home 2.05
$20, SHEFFIELD WED vs DERBY, Home 2.05
$20, (not enough fund, used for $40 to max money used)
$40, SHEFFIELD WED vs DERBY, Home 2.05
$40, (not enough fund)
$40, (not enough fund)
$160, (not enough fund)

$4 Fund Left (from $300 invested)

(accidently posted on wrong date, overriding previous blog entries)

References:

  1. Singapore Pools odds

Monday, March 15, 2010

Experience with Paypal and DBS

Got the reply from POSB/DBS and I decide to change my name according. Many thanks to Samantha Pang of DBS. So I just used the same name with the hanyu pinyin but the brackets removed. I also received the 2 paypal deposits and verfied my paypal account.

Although the amount was only $0.26, I wonder if someone will exploit PayPal by mass opening lots of bank account and verifying them, and pocketing the transfer by PayPal.

I had some Paypal balance and the currency rate for SGD/USD are
1 USD = 1.35866 SGD
1 SGD = 0.699065 USD

Calculating the rates, 1.35866 * .699065 = 0.9497916529,
This imply Paypal is making around 1 - 0.9497916529, = 5.02% for the spread/bid

Perhaps selling the USD currency balance directly to others is more worthwhile for those who wish to shop in USD currency but have only SGD, creating a win-win situation. Will consider the options when I got more than the $30+ dollar inside. I was also charged 3.4% + $0.30 USD, probably for Cross-Border Payments I think.

Sunday, March 14, 2010

Cash Offer : AVAPlas


References: SGX Offer Document

Avaplas Limited is engaged in the manufacturing and sales of precision engineering plastic injection moulding and its secondary processes, as well as the sub-assembly and sale of plastic components. The Company operates in three business divisions: printing, imaging and computer peripherals, which is engaged in the manufacture and distribution of computer peripherals; consumer electronics, which is engaged in the manufacture and distribution of electronic consumer goods, and medical disposable, industrial products and others, which is engaged in the manufacture and distribution of medical and industrial products. It has operations in Singapore, Malaysia, Thailand and People’s Republic of China. Its subsidiaries include Avaplas Precision Plastics (Shanghai) Co., Ltd, Avaplas Sdn Bhd and Avaplas (Thailand) Limited.

Offer Price


$0.1

Friday, March 12, 2010

Weekly soccer betting with Martingale system #9

Nothing to update again as no fund available. One question remains in my mind when I think of gamblers. If your parents wishes to borrow money from you to gamble, will you lend them any? Perhaps I should solve this problem by getting enough money so that it is not a problem.

This week's bet


$4 Fund Carryover

$20, (not enough fund)
$20, (not enough fund)
$20, (not enough fund)
$20, (not enough fund)
$40, (not enough fund)
$40, (not enough fund)
$40, (not enough fund)
$160, (not enough fund)

$4 Fund Left (from $200 invested)

References:

  1. Singapore Pools odds

Berkshire Shareholder Letter 2009


References: Berkshre Shareholder Letter 2009 PDF

The 2009 shareholder letter for berkshire is available. There is quite a bit of explanation of how Berkshire measure and operate as there are new shareholders this year. I also see lots of praising of impressive CEO and managers and explanation of business that are performing poorly. Worth a read if you have time.

Tuesday, March 9, 2010

Trying to link bank account and Paypal



Although I study computer science, I am a slow adopter to most technology. I still love to reach paper statement of my POEM account monthly instead of getting an email statement (sorry about the trees, but I reuses the empty side for notes).

I decide to open a Paypal account because I might need it, since my Adsense is reaching $10 and might need to input payment information.

A sidenote: CNA - POSB $2 fall-below fee if daily balance < $1,500
I didn't see this before so hopefully they didn't implement it on my father saving account. I always thought the limit was only $500.

POSB - Fees for POSB Passbook Saving Accounts. I check online and still find the limit at $500 though and checked DBS Savings Plus Account, which is also $500. I am starting to prefer UOB since it give me monthly interest, always nicer than POSBank that seems to only update yearly or my account have too little cash to generate even 1 cents of interest.

Back to my bank account issue, I am still trying to understand what name to place on my Paypal to just link my bank account since my bank account contains my name with (hanyu pinyin). Paypal doesn't allow () when inputting the name therefore I am emailing POSBank then. I could withdraw money to credit/debit cards but I believe there is a fee compared to $0 if withdrawing more $200 to a bank. There is a penalty (return fee) for failure so I need to be prudent.

Searching on the web for solutions about hanyu pinyin in bracket seem futile.

Friday, March 5, 2010

Holding Review on February 2009

No changes to holding. Seem like ASA has taken a huge beating as the delisting request from SGX continues. I will not buy any stock till China Life is delisted though I am tempted to buy ASA at its current prices.

Review





StockPurchase DateAnnualized ReturnBuying PriceCurrentPrice
Powerplus15-Jan-2008-35.96%0.2150.05
STI ETF*15-Jan-2008-8.93%3.472.82
Cacola17-Oct-2008-31.56%0.0950.055
STI ETF*17-Oct-200823.27%2.082.82
ASA Group28-Sep-2009-127.58%0.0550.025
STI ETF*28-Sep-20099.31%2.672.82
ChinaLife26-Jan-2010-3.35%0.170.17
STI ETF*26-Jan-20100.05%2.812.82

*STI ETF as benchmark (didn't buy just compare)

Weekly soccer betting with Martingale system #8

Nothing to update again as no fund available.

This week's bet


$4 Fund Carryover

$20, (not enough fund)
$20, (not enough fund)
$20, (not enough fund)
$20, (not enough fund)
$40, (not enough fund)
$40, (not enough fund)
$40, (not enough fund)
$160, (not enough fund)

$4 Fund Left (from $200 invested)

References:

  1. Singapore Pools odds

Wednesday, March 3, 2010

Cash Offer: Ionics (I10)


References: SGX Delisting Document



Company Info:

Ionics EMS, Inc. is a provider of electronic manufacturing services. The Company is engaged in a range of printed circuit board (PCB) assembly specializing in surface mounting technology, flip chip on rigid boards, flex and glass assemblies, electronic sub-assemblies and full module assembly. It offers original equipment manufacturer and original design manufacturer services with product design and design support, new product introduction, industrial engineering and manufacturing system and integrated supply chain management. It has a central warehouse for third-party logistics and vendor-managed inventory control. The Company operates through four segments: computer peripherals, telecommunications, automotive and consumer electronics.

Offer Price:

$0.015

Tuesday, March 2, 2010

Cash Offer: United Pulp & Paper (U09)

References: SGX Delisting Document



Company Info:

United Pulp & Paper Company Limited (UPP) is a Singapore-based investment holding company. The Company operates through two business segments: paper mill and recycled fiber. The paper mill segment manufactures and sells industrial-grade paper products, including test liners, corrugated medium and grey chip, and core and laminated boards. The recycled fiber segment collects and trades in waste paper products and recycled fiber. The types of waste paper include old corrugated carton, double liner kraft and old newspapers. The Company’s subsidiaries include United Paper Industries Pte Ltd, United Green-Industries Pte Ltd, UPP Investment (Asia) Pte Ltd, UPP (Asia) Pte Ltd and United Packaging Industries Sdn Bhd, among others. On July 21, 2008, the Company sold its corrugated packaging business to Tat Seng Packaging Limited.

Offer Price:

$0.1

Monday, March 1, 2010

Video by Nassim Nicholas Taleb, Author of Fooled by Randomness and The Black Swans


References: Watch Nassim Nicholas Taleb Video

Read from BigFatPurse about this video. For those who don't know, he is the writer of Fooled by Randomness, the Black Swan, books about probability. Black Swans refer to improbable events. There is some candid and he definitely is a skeptic of certain prediction and daring to mention certain things. In a French Polytechnic, he even mentioned that using Bell Curve to measure risks is not only silly but immoral. There is transcript of the video available too, although not well-transcripted.

Some points I like from the video


Problem of Low probability Prediction
There was this article about a chance of a finanical event happening once every 10,000 year. The point is how can someone predict something is 1 in 10,000 years when 10,000 year of finances/stock market didn't even occur? Also, low probability event occur very little so there is might be more error since you get less of it to conclude the prediction.

The rich get richer, the big get bigger?
He mention if that is true, how did Google come out of nowhere and beat some other companies. Also, why did only 75 of the S&P500 survived for that four years? He then mention, people will then add a twist to their (prediction) model that can make company go bust when they grows big.

Mention of his investment
He don't buy stock(probably meant individual stock) and got a medium risk portfolio. He is also afraid of the stock market.

Other investors
He is neutral whether Buffett is great or just lucky. He thinks there are only 2 person he is sure they are not just lucky. They are George Soros and Simons of Renaissance Technologies. I heard of Soros, but nothing of Simons or Renaissance Technologies. I should probably read up about it.