Thursday, December 11, 2008

Research Analysts Never Fails to Bizarre SGDividends - Are they making sense?

Our Beefy Barber bought Olam and Noble recently. The reason, cos many analysts are calling for a buy or have given it a good review. That is utterly irrational! We decided to read some of the analyst reports that he has read and we really think this reports do make sense BUT are they forgetting the basics? Or maybe they know the basics but heck lah...who paid to write professional reports and if anything go awry, just change the target price loh...worse come to worse, just fall back on disclaimers. Or maybe, they have other income producing reasons? Anyway, you can read these reports from our fellow blogger Here . ( wonder where he gets so many reports from??hmm)

Ok so like that, SGDividends say SPH BUY $15 target!. SingTel SELL $0.50.Keppel SELL $1. Wilmar NEUTRAL $1 million. Feels good. If kanna the target price, we are saints. If not, heck lah, just change.

Ok on a more rational note. Let's look at the basics. Seeing is believing. Don't need to write so many reports one or else become keyboard warrior. Let's not even go into the metric Free Cash Flow. Let's just look at Cash Flow from Operations. See how negative their cash from operations. So unless they are drilling for some black gold underneath the sea level, hopefully they can come up for some fresh air.

Apologies for the harsh remarks but Beefy Barber is our friend even though he bullies us at times.
Important: The objective of the articles in this blog is to set you thinking about the company before you invest your hard-earned money. Do not invest solely based on this article. Unlike House or Instituitional Analysts who have to maintain relations with corporations due to investment banking relations, generating commissions,e.t.c, SGDividends say things as it is, factually. Unlike Analyst who have to be "uptight" and "cheem", we make it simplified and cheapskate. -The Vigilante Investor, SGDividends Team


  1. I saw that you added my blog to your blogroll. i have added yours to mine as well!

    Keep in touch and keep the funky analysis coming.

  2. Read following reuter news on Olam. Wonder how this company "reduce debt" by borrowing 3 yr loan ...... borrow from peter and pay mary ???

    -Commodity firm Olam International said it plans to buyback $117.6 million worth of convertible bonds as the firm seeks to
    reduce its debt levels. Olam will take up a 3 year loan to fund the buyback.

    Cambridge finally got financers, but at what interest ????

    - Cambridge Industrial Trust secured a S$390.1 million ($263million) term loan from three banks to refinance its existing debt. [ID:nSGC000947]

  3. Hi Annonymous,

    Yeah its like , to put it bluntly, rolling credit card debt!


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