kingsley

I have been an investor for 15 years now and my journey has meandered from Warren Buffett to Ben Graham. My start, like many, really was the naive idea that Buffett's skills could be replicated in some fashion. I was proven wrong when some of the supposed stock picks that I chose had dismal performances. Then, I learnt that it is no point trying to be someone I am not. Gradually, through failure and some success in deep value investing, my approach towards stocks gradually shifted to an approach based around Graham's techniques. So, I give credit where credit is due and to Ben Graham, I and many other investors around the world, owe him a great deal. So, if you want to read up on biographies, read about Ben Graham. His seminal work, Security Analysis is a gem. My books are just rich interpretations of what he has taught.
Herd Mentality

Paying Up For Growth: You’d Better Know What you Are Doing

Let us do a mathematical experiment here. A company earns $10 per share and out of that, pays a dividend of $8 per share.  If one were to apply a 20 times multiple in the dividend stream going forward , the value of the dividends in perpetuity is $160.  So we could make the argument here that the company is worth at least $160 if the dividend stream is fairly consistent. The $2 per share in retained earnings could lead to some real growth in the future. So if an investor decides to pay $100 per share for that company, that would be considered a good buy from an investor's stand point. (more…)

By kingsley, ago
Issues On Debt

Thalassa Holdings – Up Up Up And Away

Chart Of Thalassa Holdings They say that time is the friend of a great business but the enemy of the mediocre. While that statement has a pervading ring of truth to it, the sagely quote excludes commodity businesses with a high probability of self sustenance and mean reversion into the future. Can I tweak that to say time is the friend of those companies that can survive an industry downturn? (more…)

By kingsley, ago
Issues On Debt

EZRA EZRA , No Longer The Bella Of Dreams

Ezra Holdings 

Ezra Holdings! When inspiration hits me and the juices flow and I feel an explosion of information welling up, my outlet is to share and tell. It may be amongst good friends and confidantes or it could be a humble blog as such. And with a feeling of perkiness, I entitled this article Ezra Ezra, No Longer The Bella Of Dreams. I was reading the newspapers recently. The headlines. " Winding Up Application Filed Against Ezra" . Another headline . "Ezra Receives A Statutory Demand From Forland for $25.5 Million". The thing is this. Before it even makes the headlines, the smart investors have already scooted off elsewhere, leaving thousands of ignorant investors in a trail of financial destruction.

Many retail investors have been bruised financially as a result.  In investing , being formally educated is wise and cheap. Being an ignoramus is bloody expensive. Let not your negative experiences be your tuition fee. Let the prominent investors of our time guide you! Read their books. Digest them! Assimilate them! Educate yourself through the eyes of another I say to you. And you shall surely find your way! Slowly but surely!

(more…)

By kingsley, ago
Benjamin Graham

Hong Leong Asia Ltd – Notes From My Investing Journey

Hong Leong Asia  On the 27th of November 2016, I noted an entry into my investing journal. My modus operandi is to create a master folder of companies that I am interested in. And within these folders contain the information with which I do my research. The folder may also contains annual reports, links to news articles in the media and any filings related to the company. Within 1 of these master folders contained a company called Hong Leong Asia Ltd, a holding company of various subsidiaries operating in diverse industries. It has a total of 5 core business segments. They are: (more…)

By kingsley, ago
Uncategorized

Oriental Watch Holdings

If you are in Asia and you consider yourself a value investor, Hong Kong is a great place to find bargain companies at more than fair prices. And that hunt begins in Hang Seng Index. Although the index, a representative of market performance has held its ground at 23700 levels with respect to global indices, our screens have begun to show a number of candidates worth considering. (more…)

By kingsley, ago
Hestia | Powered by WordPress