Tuesday, January 15, 2013

Punggol East SMC By Election: PAP to Win

January 16 is Nomination Day for the Punggol East SMC By Election and Polling Day will be January 26. The Punggol East SMC was vacated after the incumbent PAP MP Michael Palmer admitted to an extra marital affair and resigned from his party.

Since then, the PAP announced early on that Dr Koh Poh Koon, a colorectal surgeon would be standing for this By Election. On January 14, the WP announced sales trainer Lee Lilian as its choice.

Although there has been intimations, neither the SDP nor the RP has announced their candidate. SDP had called for a "unity candidate" but that seems unlikely now. While RP's secretary-general Kenneth Jeyaretnam said that there was a "90% chance" of him entering the fray. Both parties have walked the ground in the recent few days since the snap polls were announced.

Why the PAP is likely to win

Friday, January 11, 2013

China Animal Healthcare A Spent Force?

China Animal Healthcare announced on December 21, 2012 that talks of its delisting from the Singapore Stock Exchange were in advance stages. Shortly after, on January 9, 2013, Blackstone Capital announced that it was redeeming the bonds issued by China Animal Healthcare. This would have to be settled within 6 months from notice.

Did Blackstone made a gain from its investment of about 3 years? Here are some concrete numbers:

Friday, January 4, 2013

SGD 8,303 buy what stock? (updated)

After going through the various savings account that I have, I think I might have enough to make a final purchase for 2013.

My current shortlist includes:

Tuesday, January 1, 2013

SGD 8,303 free cash for 2013

I have reset the portfolio prices for my sharejunction portfolio such they reflect all the latest sales and purchases, and the end-2012 prices. The stock portfolio on this basis is worth SGD 60,448. To ensure accurate monitoring the coming year, note that on the side, there is also SGD 8,303 in cash comprising the disposals as well as the eventual injection of about SGD 6,000 (to make up SGD 40,000 capital invested). How am I going to find another SGD 6,000 when I have to set aside cash for other items, is another question altogether.