Palm Oil Prices

Palm oil prices
Rises as it has a direct relationship to palm oil stocks


http://sg.news.yahoo.com/rtrs/20101125/tbs-singapore-market-stocks-palmoil-a5a65c6.html

November Trades

Aldwin Chan as in 29/11 Dr Date stock Quantity Price paid Current price  Current value 19/11 First Reit 2000 0.955 1910 0.975 1950 22/11 Golden ari W 10000 0.175 1750 0.19 1900 24/11 Golden ari W 10000 0.16 1600 0.19 1900 Total stocks 5260 5750 Profit 490 Profit-brokerage 340 Cr Cash 0 Owner Equity 5260

What is an Warrant (PACIFIC ANDES)

Warrants / Convertible Securities

PACIFIC ANDES RES DEV W110722

Warrants / Convertible Securities

PACIFIC ANDES RES DEV W110722

Last Date/ Time to submit Subscription Notice	22 JUL 2011 05:00 PM
Listing Date	28 JUL 2009
Expiry Date	22 JUL 2011
Outstanding Balance	277,481,158
Price ($) as at 2010-11-26	0.115
High for the year ($)	0.190
Low for the year ($)	0.090
High for the month ($)	0.125
Low for the month ($)	0.100
Exercise Price	SGD 0.23000
Underlying Stock	PACIFIC ANDES RESOURCES DEVLTD
Underlying Stock Price ($) as at1 2010-11-26	0.330
Conversion Ratio	1 warrant(s) : 1 share(s)
Cash ($)	0.000
Premium/(Discount) (%) (Cash)	4.55
Premium/(Discount) (%) (Bonds)
Gearing (x)	2.87
Remarks

A warrant is an leverage instrument(usually 2-5yimes) of entitlement to covert the warrant into a main share.

FTSE 100 (^FTSE)

(FTSE 100 ) 5,705.93   48.83 (0.86%)

http://www.telegraph.co.uk/finance/markets/3414837/FTSE-100-rises-as-Chinas-economic-stimulus-package-buoys-markets.html



http://www.forecast-chart.com/what-ftse-100.html

Terms Of A Warrant

Its written as SaizenREIT W120602 :
W means warrant
120602 is the date

SAIZEN REIT W120602


Last Date/ Time to submit Subscription Notice 2 JUN 2012 05:00 PM
Listing Date 5 JUN 2009
Expiry Date 2 JUN 2012
Outstanding Balance 493,430,362
Price ($) as at 2010-04-01 0.075
High for the year ($) 0.095
Low for the year ($) 0.065
High for the month ($) 0.075
Low for the month ($) 0.070
Exercise Price SGD 0.09000
Underlying Stock SAIZEN REAL ESTATE INV TRUST
Underlying Stock Price ($) as at1 2010-04-01 0.165
Conversion Ratio 1 share(s) : 1 warrant(s)


I realized that it may be a good way to leverage as I will have a fixed deposit maturing in a years time . Also it will be a safe move as if the company will to foreclose, only the price of the warrant rather than the foreclose price will be lost

Disadvantages will be we need to exercise the stock before execution date and not entitled to dividends.

Golden Agriculture Warrant Analysis On when To Buy Or Sell

I bought 10 lots at 16 cents yesterday(24/11/10) . Adding the 10 lots I bought at 17.5 cents (23/11/10)
Thus , I have an average of 16.75 cents for the 20 lots. The current price  (18.5 cents.

The last peak was 23 cents at 11/11/2010
A resistance that hits 21.5 cents on 9/11 and 12/11 is point to look out for if that breaks may form a new resistance at 23 cents

I queued to sell 10 lots at 22 cents.

Dow Strengthening Due To Decrease In Job Claims

http://finance.yahoo.com/news/Stock-open-higher-on-drop-in-apf-1925768168.html?x=0

Update on first reits liquidity strength

If we are talking on liquidity strength
This is a strong company with
current assets > current liability

27 % excess

In S$’000	As at 30 Sep 2010	As at 31 Dec 2009
Non-current	346,077	340,910
Current assets	13,213	13,742
Total assets	359,290	354,652
Non-current	78,835	73,380
Current liability	10,333	10,245
Total liabilty	89,168	83,625
Unitholders’ Funds	270,122	271,027
NAV/unit	97.77¢	98.39¢

Dow weakening

At 1:49: 11,031.07   147.51 (1.32%) 
tomorrow Singapore market will drop again

STI weakening

This may be a good time to buy stocks below NAV
Aimams, ASTI, Saizhen, First Reits

A good downtrend stock to look for will be golden agri

its next support will be at 66.5 cents
If it breaks will be at 65 cents

NAV at 60 cents ....stock price 65 cents a mere 8% above if it hits that level. will stay vested if it reaches there .

Golden Agriculture Warrant

I bought 10 lots of golden agriculture at 17.5 cents. according to last 5 days range, 17.5 is a mid level support.
A mid range resistance that will  probable is 20 cents. A high resistance will be 22-23 cents.
Wish me luck to sell at 20 cents

RSI at at 50 for 5 days shows that it is a good and reasonable entry

The last candle shows a doji inverted umbrella which signifies a reversal

 

 http://www.candlesticker.com/Cs10.asp

 Dear readers wish me luck to sell at 20 cents

First Reits Buying Process

I bought 2 lots First Reits at 0.955
Cost               = $955 x 2 = $1910
Current price  =  965 x 2 = $1930
P/L = $20


My rationale

My estimated average price for 5 lots of first reits
per lot = 0.682

0.955 x 2000 = 1910
2.5 lots entitled rights + 0.5 lots excess
=0.5x 3000 =$1500

total =$1930+$1500 = $3410

per lot= $3410/5=$682
average price = $0.682 per share

Nav after post rights = 77 cents

discount =0.09/0.77 x 100 = 11.6%

Net Asset Value (Nav)

Net asset value is the total net assets of a company divided by the total number of shares

For example company aldwin has a total asset of 3 million
the company issued 6million of shares
NAV= 3m/6m = $0.50 per share

NAV > mkt price (undervalued)
NAV < mkt price (overvalued)

Now the market price of aldwin is 0.25 cents
means aldwin is undervalued 0.50-0.25=0.25
which means discount of $0.25 or 50%



Now the market perceived aldwin as 0.70 cents which means
aldwin is overvalued at 0.70-0.50= $0.20
which means a premium of $0.20 or 40 percent

I am currently looking at first reits as it is trading at
0.955 while having an nav of 0.98
which is a discount of 0.035 cents

First Reits Rights Issue

First Reits is issuing a 5 for 4 rights at $0.50
given the current Nav 98 cents.
There will be a dilution of 77 cents.

Fundamental Analysis On Golden Agriculture

Company Profile
      GAR’s primary activities include cultivating and harvesting of oil palm trees; processing of fresh fruit bunches into crude palm oil (“CPO”) and palm kernel oil; and refining CPO into value-added products such as cooking oils, margarine and shortening.

The Company operates a total planted area of 383,000 hectares, as well as 32 palm oil processing mills, three refineries and four kernel crushing plants in Indonesia.


GAR also operates in China through an integrated deep-sea port, storage, oilseed crushing facilities and refinery facilities in Ningbo and Zhuhai.


GAR and its subsidiaries generated revenue of US$1.9 billion in 2007. The Company has been listed on the Singapore Exchange since 1999.

NAV: 59.8cents (fair value)
P/E: 90times (a little high)

The current price is 76cents. I will wait for a pull back of 70cents before buying.

7 Reasons To Fundamental Analysis