This year is finally coming to an end but I'm grateful that most of my portfolio stocks are winners. iFAST basically rescued my overall portfolio with the stock being a 3 bagger since I picked it. Small and fast growing platforms can be amazing multi-baggers! I'm hoping that the other platforms in my portfolio such … Continue reading 2020 year in review, most popular posts and 2021 wishlist
Category: Kingsmen
Selling Kingsmen
I have sold half my Kingsmen shares and may eventually sell the other half so I won't be including Kingsmen in my scorecard for consistency. Kingsmen reported fourth quarter 2019 results this week and the results suggest that my thesis was wrong for a few reasons. First, NERF did not drive revenue growth. I was … Continue reading Selling Kingsmen
2019 year in review and most popular posts
This year was a tough year for my portfolio with 4 out of 6 stocks in the portfolio posting negative returns since I wrote about them. Date purchased Start Now Dividend return (%) Capital return (%) Total return iFAST 22-Apr-18 0.92 1.03 7% 12% 19% Kingsmen 29-Apr-18 0.59 0.45 8% -24% -15% SOG 3-Jun-18 … Continue reading 2019 year in review and most popular posts
Portfolio review: Q3 2019 review
The five SGX companies in my portfolio reported mixed Q3 2019 results and their share prices have been depressed.These five companies should deliver growth in the future so I'm happy to hold these companies. iFAST and SOG has been the most consistent performers in terms of revenue and net profit growth and it's a painful … Continue reading Portfolio review: Q3 2019 review
Kingsmen: 2Q19 results, valuation and NERF
Kingsmen's share price - SGD0.51 as of 16 August is trading below net tangible assets (SGD0.54) again which seems very cheap for a service company. Kingsmen reported mixed 2Q19 results - revenue up 12% year on year but net profit down 38% year on year mainly because of forex issues. The interim dividend has been … Continue reading Kingsmen: 2Q19 results, valuation and NERF
Kingsmen: NERF Marina Square
I wrote this note on InvestingNote last week. Pricing for the Nerf Marina Square attraction is out! My initial reactions: Average pricing $23 to $39 per entry Lower end is meant for off peak (Monday to Thursday sessions) and NERF groups who just need an obstacle course for their group games. Kingsmen is also catering … Continue reading Kingsmen: NERF Marina Square
Kingsmen: NERF matters
Kingsmen's plan to develop NERF attractions is one of the key reasons why I invested in this company so I wanted to share what I learned during the 2018 annual general meeting. The total investment in NERF Marina Square is expected to be around SGD5 million so Kingmen can survive the hit even if this … Continue reading Kingsmen: NERF matters
Portfolio review: Q1 2019 results
All five Evergreen stocks (iFAST, Kingsmen, SOG, China Aviation Oil and HRNet) reported poor results for the first quarter of 2019 but I'm sticking with them. These companies have a history of producing great results and I'm giving them 2-3 years more before I consider selling. iFAST Revenue and net profit declined because of "a … Continue reading Portfolio review: Q1 2019 results
Kingsmen: Growing with the IRs
Kingsmen’s share price was up 7% this week on news involving a SGD9 billion expansion of the two integrated resorts (IRs) in Singapore. Universal Studios Singapore will be adding more attractions and Kingsmen should be well positioned to win some work as they have done SGD100 million of work on the existing theme park which … Continue reading Kingsmen: Growing with the IRs
Five Evergreen shares and one test
HRNet and Singapore O&G are the most profitable companies in my portfolio based on the gross profitability ratio. After reading Michael Mauboussin’s excellent Base Rate Book, I applied the gross profitability screen to my existing portfolio. Gross profitability or Gross Profits divided by Total Assets measures a company’s ability to make money and is used … Continue reading Five Evergreen shares and one test
Evergreen Investing 