Given that equity prices had gone up substantially, it is time to prepare ourselves for the next downturn by shortlisting some counters with good potential.
Mining Equipment Makers
- Caterpillar Inc.
- Bucyrus International
- Joy Global
Medical
- Medtronic
Indices
- Vanguard FTSE All-World ex-US ETF
Thursday, March 31, 2011
Wednesday, March 16, 2011
World Earthquake and Tsunami zones
In view of Japan 2011's major earthquake, I'm curious about the earthquake zones around the world. In areas where earthquakes are prone, damages to properties and economies could be substantial. We may need to keep this in view when we go about our investment decisions.
Source: http://geology.about.com/library/bl/maps/blworldindex.htm
Source: http://geology.about.com/library/bl/maps/blworldindex.htm
Wednesday, March 2, 2011
Hutchison Port Trust IPO - Updates
Some key figures:
- Indicative pricing = US0.91 to US 1.08
- 2010 profit margin = 26.46%. Proforma for unitholders around 18.8%
- 2010 EPS = US$0.0315. Thus PE Ratio (using US1.08) = 34.29. 2011
- Current Asset = US 937M. Current Liability = US 1447. Net current liability.
- Total Debt = US 5469M. Total unitholders = Us 9405M
- Expected payout ratio for 2012 about 150% of profits
- Total TEU handled by listed entities = 21.174M
- Base Fee is a fixed fee of US$2.5 million per annum, which is subject to increase each year by such percentage representing the percentage increase (if any) in the Hong Kong Composite Consumer Price Index. This is about 3.6%. The Trustee-Manager has elected to receive 100.0% of the Base Fee in cash for the Forecast Period 2011 and the Projection Year 2012
- The Trustee-Manager is entitled to receive a Performance Fee in relation to the Forecast Period 2011 and the Projection Year 2012 as follows when the DPU of HPH Trust exceeds the seasonally annualised 20111 forecast DPU of HK45.88 cents (the “Base DPU”):
a) a fee of 3.0% of the first 25.0% of excess DPU as compared to the Base DPU;
b) an additional fee of 6.0% of the next 25.0% of excess DPU as compared to the Base DPU (i.e. excess DPU above 25.0% and up to 50.0% of the Base DPU);
c) a further fee of 12.0% of the next 25.0% of excess DPU as compared to the Base DPU (i.e. excess DPU above 50.0% and up to 75.0% of the Base DPU); and
d) an additional further fee of 18.0% of any excess DPU above 75.0% of the Base DPU.
Previous post:
http://sgretailinvestor.blogspot.com/2011/02/hutchison-port-trust-ipo.html
- Indicative pricing = US0.91 to US 1.08
- 2010 profit margin = 26.46%. Proforma for unitholders around 18.8%
- 2010 EPS = US$0.0315. Thus PE Ratio (using US1.08) = 34.29. 2011
- Current Asset = US 937M. Current Liability = US 1447. Net current liability.
- Total Debt = US 5469M. Total unitholders = Us 9405M
- Expected payout ratio for 2012 about 150% of profits
- Total TEU handled by listed entities = 21.174M
- Base Fee is a fixed fee of US$2.5 million per annum, which is subject to increase each year by such percentage representing the percentage increase (if any) in the Hong Kong Composite Consumer Price Index. This is about 3.6%. The Trustee-Manager has elected to receive 100.0% of the Base Fee in cash for the Forecast Period 2011 and the Projection Year 2012
- The Trustee-Manager is entitled to receive a Performance Fee in relation to the Forecast Period 2011 and the Projection Year 2012 as follows when the DPU of HPH Trust exceeds the seasonally annualised 20111 forecast DPU of HK45.88 cents (the “Base DPU”):
a) a fee of 3.0% of the first 25.0% of excess DPU as compared to the Base DPU;
b) an additional fee of 6.0% of the next 25.0% of excess DPU as compared to the Base DPU (i.e. excess DPU above 25.0% and up to 50.0% of the Base DPU);
c) a further fee of 12.0% of the next 25.0% of excess DPU as compared to the Base DPU (i.e. excess DPU above 50.0% and up to 75.0% of the Base DPU); and
d) an additional further fee of 18.0% of any excess DPU above 75.0% of the Base DPU.
Previous post:
http://sgretailinvestor.blogspot.com/2011/02/hutchison-port-trust-ipo.html
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