T.U.B Investing

Happy Chinese New Year! Hope everyone have a great year ahead! For many investors and traders, Chinese New Year came early asthe Singapore Stock Market is in a buoyant mood and a lot of people are making gains. For me, I was lucky to get enough rights excess of the Sabana REIT to have an average price of $0.320. I have since sold all my Sabana REIT shares. The other lucky shot I had was Singhaiyi Group Ltd . As I have written on 25 Jan 2017, I bought the shares at a low average price of $0.099. A day after my article was posted, the company made the announcement that they have divested all their holdings in TripleOne Somerset for $100 Million. This is a gain in disposal of asset for at least $30 Million. SGX Announcement Another important fact on this transaction is that on the 2016 annual report, the company actually has $45.8 Million of junior bonds issued to the entity owning TripleOne Somerset. This junior bonds will be returned in full to Singhaiyi Group Ltd. 2...

Before I start, it will be good to note that I am a noob at REIT. I have not come up with a method of how to value REIT. So read this with a pinch of salt... Prior to Sabana REIT recent rights issue, I have always kept a watch on it. Although I always understand how lousy the Sabana REIT management team is, I still feel there is always a price for Sabana REIT.  Furthermore, I am always trying to be contrarian. Thus, with Sabana REIT having so many empty units, dividend will shoot up if part of these empty units were rented out. Thus, when Sabana REIT announced the rights issue, I decided to purchase some of its "mother shares" (Actual Sabana REIT shares, not the right issue shares) . This is the start of my roller-coaster ride... With the confirmation of my purchase of the mother shares, I started to feel nervous as I saw the price keep dropping.  Then stupidly, I bought more at the lower price to average down.  Soon, the news and comments o...