Lone wolf investor

   Everton F.C Everton is a club that I have been supporting since my younger years. It was a love-hate affair. The only joy of supporting Everton was their FA Cup win in 1995, when they beat Manchester United 1 vs 0 in the finals. It had been downhill since the cup win. Everton’s trophy drought stretches three decades, with no sign of ending that jinx. Nail biting, relegation dog fights and financial troubles now plagued the club regularly. The only thing Everton is capable of is charging drivers to Everton Park the highest HDB car parking fees in Singapore. A whopping $6 an hour. 🙃 (Credit Credit: Shin Min Daily; Everton Park, Singapore) How I got to like Everton remains a mystery. I was madly in love with the game of football as a young kid. Like everyone else who was playing the game, you aspired to be the Gary Lineker of the world. It helps when SBC channel 12 beamed the weekly games from the English League. Initially, I was wearing a normal t-shirt that looked like an Everton je

  (Image credit: MAS) The yield for this month SSBs is very attractive. Average 10 years’ yield of 3.33% awaits holder of the bonds. I suspect the high yield will be holding up at current level for at least the next couple months before the Fed decides on the interest rate direction(likely down). 2/3 of the market participants expect rates to be cut by September.  SSBs can be use as a short term instrument to park your excess liquidity with lead time of 1 month for withdrawal or it could use as a safe haven earning a good rate of return for the next 10 years. Each individual CDP account could hold up to a total of 200k SSBs with no single issue more than 100k each. Closing date for this month issue falls on 28th May@9pm. Best of luck. 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/join

  Art@Kampung Glam  Market Summary 6-12 May 2024 *USA*  -US Consumer Sentiment Index declined 12.7% to 67.4 in May at 6-mth low, inflation expectations rise to 3.5% from 3.2%  -US lawmakers unveiled bill to make it easier to restrict exports of AI models   -US initial weekly jobless claims up by 22,000 to 231,000    + US equity funds registered first weekly inflow in 6 weeks in 7 days amid renewed hopes of rate cut -Yellen called for Congress to give regulators more power to oversee growing nonbank mortgage industry  -Biden expected to announce raise in tariffs on EVs from China from 25% to nearly 100%, others include solar, medical supplies  -US to add 37 Chinese businesses to a trade restrictions list over security concerns  -US discussed ‘overcapacity’ in Chinese solar manufacturing, coal in climate talks + US judge halted Consumer Financial Protection Bureau’s new rule capping credit card late fees at US$8  -US postal service wants 25% hike for high-volume package shipping  + Tesla

   (Image credit: NLB archive: Singapore Press Holdings; An old article on OCBC previous takeover of GEH in 2006. Is the end game near for the longest takeover exercise in Singapore corporate history that stretches across two decades?) Great Eastern Holdings(extract from end May portfolio update) First of all before I go further, the views shared are mine, alone. It doesn’t reflect anybody views and it is also not to undermine the good work of the independent financial advisors which are been tasked to assess the fairness of this voluntary unconditional general offer by OCBC. Kindly do take my commentary with a pinch of salt given my vested interest in GEH. My view shouldn’t be taken as cardinal truth on what you should do with your GEH shares. Kindly do your own due diligence and seek professional advice. I praise and thank OCBC for starting the ball rolling with this privatisation offer. I believe the bank is capable of doing more for Great Eastern’s minorities. The offer of $25.60 b

  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

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

  (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

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

  (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,