Thought of the day

I thank whatever gods may be / For my unconquerable soul. / I am the master of my fate / I am the captain of my soul. ~William Ernest Henley, Invictus

Government's promises are like the Ringgit, they depreciate with time.

Thursday, March 22, 2012

Placenta Juice

I have read about Cordlife few weeks or months ago and immediately develop an affection for this company. Why?
  • This guy controls 62% of Singapore's market share.
  • Has more than 35,000 units of cord blood banked in Singapore and Hong Kong.
  • There are only 7 authorised cord blood banks in China and the country only allows each province to have a single licensed cord blood bank. And this guy owns a 10% stake in a PRC cord blood bank in Guangdong, the only foreign entity to have an equity stake in a Chinese cord blood bank.
  • Most probably I will store my kids' cord blood with them someday.
This going-to-be new kid on the block public offer opens today and closes at noon on March 27, and will commence trading on SGX mainboard on March 29. Few points to note:
  • Intend to raise S$26.3mil net proceeds from its IPO, issue 60mil shares @ S$0.495: 58mil placement/2mil public.
  • June year end, will pay out at least 25% of FY2011's S$8.5mil NP as dividend.
Use of proceeds as follows:
  • S$16.6mil to expand market in Singapore and Hong Kong and fund acquisition in Indonesia, India and the Philipines.
  • S$3mil to renovate its HQ at Yishun to house 650,000 cord blood units, more than 10 times of its current capacity.
  • The rest for working cap, i reckon.
I wouldn't want to blab about the wonders of cord blood here as you can roll over to wikipedia or google it effortlessly. I am more interested in the maths:
Say I buy Cordlife's share at 49.5 cents now and somewhere in October it pays out the S$2.13mil dividend, so per share I will be receiving 3.55 cents, which is a pleasing 7.17% DY without considering its upsides. And if this guy sort of plunges after listing, I will be ready to pump in my reserve to buy up more - this will increase the DY.

Think I better head down to one of the POSB ATMs today to apply for some shares and keep my fingers crossed.

Disclaimer: This is not an invitation to buy or sell. I do not guarantee the accuracy or validity of the information above. Do your own due diligence before investing and invest at your own risk.

Tuesday, March 13, 2012

From Underachiever to Millionaire

Adam Khoo featured on The Edge Singapore in 2007

"Adam Khoo is an entrepreneur, a best-selling author and a peak performance trainer. A self-made millionaire by the age of 26, he owns and runs several businesses in education, training, event management and advertising, all with a combined annual turnover of $30 million."

Adam Khoo - Top 25 Richest Singaporeans Under 40

I have heard of this bloke few years back but didn't get the drive to read up one of his books, and I regretted today. Till one day when I was talking to one of the Directors of a listed company over breakfast in Shangri La Taipei, he introduced me to this master trainer and recommended me to read Adam's books. Now, if a listed company's director is reading his book, this Adam Khoo must be speaking some senses, right?

And I bought one of his masterpiece "Secrets of Self-Made Millionaires" and there was no looking back. Currently, I am reading "Secrets Of Building Multi-Million Dollar Businesses" as I would like to own a multi-million worth of empire someday.

Want to know more of his secrets? Click here to find out!