How to exercise your warrants (convert to stocks), Singapore SGX

Had been considering converting some of my warrants to the mother shares, but do not have the experience of doing so. Thus had been googling and found these 2 links to be a good guide:

http://wealthbuch.blogspot.sg/2010/09/how-to-exercise-your-warrant-options.html

http://www.sgx.com/wps/wcm/connect/sgx_en/home/depository/retail/FAQ/warrants/Exercising+My+Warrants

Cheap Singapore freehold landed properties???

Reported in the news on some cheap freehold LANDED properties in Singapore

Question is, are these really real deals at market rate?

Let's take a look at those below $1000 PSF.

Westerhout road is right in the middle of Red light District Geylang, between Lor 16 and 18. Thus it is cheap for a reason. Good for rental perhaps, but probably not ideal for self-stay.

The article itself mentioned that the King's Road deal is probably a related-person transaction and does not reflect market value.

Primrose Avenue (2nd last column is the PSF). Again, doesn't really reflect market value:

Terrace House	1	2,300,000	1,993	Land	1,154	Jul-12
Terrace House	1	3,350,000	2,108	Land	1,589	May-12
Terrace House	1	1,080,000	2,112	Land	511	Dec-12
Terrace House	1	3,550,000	2,651	Land	1,339	Aug-11

 Ceylon Road also doesn't reflect market value:

Terrace House	1	2,750,000	1,779	Land	1,546	Nov-12
Semi-Detached House	1	3,928,000	3,339	Land	1,176	Mar-12
Semi-Detached House	1	3,100,000	3,095	Land	1,002	Dec-11
Terrace House	1	1,200,000	1,757	Land	683	Dec-12
Detached House	1	5,200,000	4,635	Land	1,122	Feb-13
Terrace House	1	2,528,888	1,801	Land	1,404	Jul-12
Terrace House	1	1,200,000	1,781	Land	674	Oct-12
Terrace House	1	4,038,000	2,350	Land	1,718	Mar-12
Terrace House	1	2,850,000	1,763	Land	1,616	Dec-11

The list published are most likely very run down houses, or related-person transactions.

Singapore Property News that you can use

Some recent data published in news recently that caught my attention.

1) List of Private Properties launched in 2012 and their average launch price

 

Fret not if you can't see clearly. All the data are available at URA. Follow this link:

https://www.ura.gov.sg/realEstateIIWeb/price/submitSearch.action

 

2) List of Private Properties launched in 2013 and their average launch price

3) Rock structure of Singapore Land. Useful if you are paranoid of earthquakes.

MDR, Rowsley

MDR: http://www.reuters.com/finance/stocks/financialHighlights?symbol=MDRT.SI

P/E Ratio (TTM) 15.12
Price to Sales (TTM) 0.32
Price to Tangible Book (MRQ) 2.61
Price to Cash Flow (TTM) 14.83
Quick Ratio (MRQ) 1.54
Current Ratio (MRQ) 2.32
Interest Coverage (TTM)  120.56
Almost no debt
Gross Margin (TTM) 9.89%
Net Profit Margin (TTM) 1.83%

Not a value play by the above ratios. However, we should look at MDR as a Myanmar telco play as it looks likely (not 100% certainty though) that MDR will become 1 of 4 telco in future. Myanmar has a population of 48m.


Rowsley: http://www.reuters.com/finance/stocks/financialHighlights?symbol=ROWS.SI

It is an investment holding company held by Billionaire Peter Lim. Find out more about them at the company website: http://www.rowsley.com/about-us/

From publicly available news, it is entering a joint venture with another company that is 30% owned by the Johor Royalty and is purchasing a piece of land in Iskandar for development. It will also be acquiring a property developer firm for this purpose through the issue of shares at $0.15 each.

NAV of each share is reported as $0.0372 in the 2012 annual report.

Again not a value play, but the propects of investing in Iskandar is interesting and the potential partnership looks strong. However, the investment capital required for the development is going to be huge and thus there's a good chance that Rowsley will raise capital in the future. Thus will need to have spare cash to pump in if necessary.

Used items trading

http://singapore.gumtree.sg/

This site offers comprehensive listing and posting of used items for sale. The site is quite well patronised as there are more than 60,000 listing of items.

The categories available are:
- antiques / jewellery / collectibles
- CD / DVD / games / books
- clothes / accessories / baby
- computers / software
- household / furniture
- tickets music / sport / event
- phones
- sports / bicycles / fitness
- tv / camera / audio / music
If you are a property owner that rent out the apartment and need to replace some furniture or electronic items, this is a good place to hunt for low price replacement items.

Koon Holdings rights issue

Koon Holdings Limited is giving a 3 rights for every 5 shares at S$0.19 for each rights.

Basic info
==========
1) Current ordinary shares (OS): 164,208,000
2) $16,324,000 cash and fixed deposits. This works out to $0.099 cash per OS
3) $52,842,000 total equity. This works out to NAV of $0.32
4) Current share price: $0.205
5) Rights issue shares: 98,524,800

Valuation
=========
Assuming the current share price of $0.205 better reflects the true enterprise value (EV) of the share
rather than the cash per OS or NAV.

Assuming full subscription of the rights issue,
EV of each share after rights issue will be ((3 x $0.19) + (5 x $0.205))/8
= (0.57 + 1.025)/8
= 1.595/8
= $0.199375 

Thus the fair value of 1 rights will be $0.199375 - $0.19 = $0.009375

Buying pre-owned game consoles and games

Came across this shop selling both new and pre-owned consoles and games. Worth taking a look.

http://www.qisahn.com/