Posts

Wolf Money(Statement on OCBC offer for Great Eastern Holdings by SIAS and Minority Leader, Chin Woo)

-
Image
  Statements released by SIAS and Minority Leader, Chin Woo. SIAS advises minority shareholders of Great Eastern Holdings to wait for IFA report before deciding the outcome. Minority Leader, Chin Woo, called for b.o.d of Great Eastern to maximise value for all shareholders by conducting an open auction for Great Eastern to solicit for higher offer from third party bidder with OCBC given the first right of refusal. The offer in my personal opinion still undervalues Great Eastern by a mile. To be honest, Lone Wolf want to sell my GEH shares but I can’t be giving half the house away. I will wait for IFA report before making any decision*. *not an inducement to buy or sell. Please consider following us on telegram for the latest update on Lone Wolf investor by clicking on the link below. No form filling, no payment required, no collection of data, no data mining, no hard selling, no obligation.  https://t.me/joinchat/oCgkD3sQFRMzMWM1 Disclaimers   All investments is highly speculative in n
Post a Comment
Read more

Wolf Money(Privatisation offer for Great Eastern Holdings)

-
Image
https://links.sgx.com/FileOpen/Media%20Release.ashx?App=Announcement&FileID=802887 OCBC has launched a privatisation offer for Great Eastern Holdings at $25.60. Lone Wolf Fund will be studying the offer in greater detail. Thank you. God Bless. Please consider following us on telegram for the latest update on Lone Wolf investor by clicking on the link below. No form filling, no payment required, no collection of data, no data mining, no hard selling, no obligation.  https://t.me/joinchat/oCgkD3sQFRMzMWM1 Disclaimers   All investments is highly speculative in nature and involves substantial risk of loss. We encourage our reader to invest very carefully. We also encourage reader to get personal advice from your professional investment advisor and to make independent investigations before acting on information that we publish. Much of our information is derived directly from information published by companies or submitted to governmental agencies on which we believe are reliable but ar
Post a Comment
Read more

Wolf Money(Man vs Machine)

-
Image
  (Image credit: The Edge Singapore) Man vs Machine   Manpower shortage in Singapore is quite acute. Almost all industries, especially in sectors like retail, f&b, security, cleaning and transportation, are facing shortages of manpower. I have a few friends running businesses in various sectors that are known to have high staff turnover. One was lamenting about the difficulties of finding new workers and retaining old staff in the retail industry. He disclosed a junior staff could earn close to 3.5k-4k with commission. I am taken aback by the revelation, given his retail shop serves an upmarket segment where walk in customers were fewer as compare to a normal retail setting. The job is not a difficult one, answering a few inquiries and doing some data entries. There are stories of him having gone through the full spectrum of training with new hires, only for the new staffs to call it quit within a week. I can empathise with his frustrations.  A few friends are in the F&B. The p
Post a Comment
Read more

Wolf Money(world market review 29 April-5 May 2024)

-
Image
Seow Yue Tong Sota year 4 Sculpture circa 2023 Market Summary 29 Apr – 5 May 2024 *USA*  -Fed kept rates unchanged at 2 decades high of 5.25%-5.5%,  -US ISM Manufacturing PMI fell to 49.2 in Apr from 50.3 in Mar  + US factory orders rose 1.6% to US$584.5bn in Mar, in line with expectations   -US worker productivity growth slowed sharply in Q1, resulting surge in labour costs  + US private sector employment added 192,000 workers in Apr, exceeding expectations of 175,000 increase  -US job openings down by 325,000 from previous mth to 8.488m in Mar, lowest level since Feb 2021, job quits drop to 3.5 yrs low  -US trade deficit remained at 10-mth highs of US$69.4bn in Mar  -Fed announced plans to slow speed of its balance sheet drawdown + US-based employers announced 64,789 cuts in Apr, down 28% from Mar’s 14-mth high of 90,309 cuts  + US jobless weekly claims benefits unchanged from prior week at 208,000, at lowest level in 2 mths  -US average contract interest mortgage rate for 30-year fi
Post a Comment
Read more

Wolf Money(portfolio update for end April 2024)part 2

-
Image
  (Image Credit: FT; Saudi Aramco) Lone Wolf Fund(LWF) Portfolio as at end of April 2024 1.) Cash 2..)  Boustead Singapore(BSL) 3.) Great Eastern Holdings(GEH) *Stocks are not rank in accordance to capital invested .  *Just for sharing. Not an inducement to buy or sell . Commentary   Lone Wolf Fund was down 0.5% in April. Ytd gain stands at 7%(excluding dividends and cash yield) with Great Eastern going xd in April. STI was up 2% for the month. There is nothing much to talk about this month when it comes to portfolio, given there are only two stocks in my portfolio. April is the first month in many months with no new names for the in and out departments. Even after the weakness in Wall Street. I had trouble finding undervalued stocks for my LWF. The S&P 500  end the month down 4%. I did a slight round down of my holdings in Boustead, to give it a nice round number. Capital was reinvested to GEH. Now both stocks have equal weightage in my portfolio. As mentioned in my previous blog,
Post a Comment
Read more

Wolf Money(Great Eastern Holdings Q1 2024 result)

-
Image
  https://links.sgx.com/FileOpen/20240429_GEH_1Q24%20Financial%20Summary.ashx?App=Announcement&FileID=800968 News just out this morning. Great Eastern Holdings reported a 26% increase in Q1 profit due to a more favourable market condition. The 34% increase in new sales also drove up the profit. Base on current run rate, achieving 1b net profit for FY2024 is a possibility. Overall a Great result. More detail at the end of month portfolio update. God bless. Please consider following us on telegram for the latest update on Lone Wolf investor by clicking on the link below. No form filling, no payment required, no collection of data, no data mining, no hard selling, no obligation.  https://t.me/joinchat/oCgkD3sQFRMzMWM1 Disclaimers   All investments is highly speculative in nature and involves substantial risk of loss. We encourage our reader to invest very carefully. We also encourage reader to get personal advice from your professional investment advisor and to make independent invest
Post a Comment
Read more

Wolf Money(world market review 22-28 April 2024)

-
Image
  (Sophia Koo Sze Min Year 4 student with SOTA) Market Summary 22-28 Apr 2024 *USA*  -US GDP adjusted for inflation grew at 1.6% in Q1, slowest in nearly 2 yrs, consumer prices rose at 3.4% in Q1 -US S&P Manufacturing PMI declined to 49.9 from 51.9, Composite PMI fell to 50.9 from 52.1, Global Services PMI lower to 50.9 from 51.7 in Apr    -US year-ahead inflation expectations complied by Uni of Michigan rose to 5 mth-high of 3.2% in Apr, vs 2.9% in Mar   -US consumer sentiment revised lower to 77.2 in Apr from preliminary of 77.9, vs 79.4 in Mar + US durable goods orders up 2.6% or US$7.3bn in March at US$283.4bn  + US Q1 estimated earnings growth looking stronger at nearly halfway mark of reporting period + Blinken in Beijing for talks with top Chinese officials  -Biden has signed a new law could potentially lead to TikTok being banned in US  + US GDP growth for Q1 could be revised higher after more data is in hand and inflation will ease to more normal levels: Yellen  + Yellen:
Post a Comment
Read more