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 cares....im 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

Cambridge REIT- Take Care Cos i Care

Thanks to a fellow blogger by the nick of Cheng ( you can read his blog Here) who mentioned a red flag about Cambridge in response to the analysis done by our Sexy VJC Girl. This culminated into this article . We took a look at Cambridge to see what the hoo ha ha ha ha..Santa Claus is about.

It states that they still have S$336,843,000 dollars they have to pay within a year. Wow. So, we, being extremely nosey and kaypoh like what a hot auntie would naturally be, decided to look at the footnotes to gain some perspective on this "wow" figure, and here it is:

So, really, dear investors who invested in this counter, keep your eyes peeled on any news on this. BUT, we being extremely irritating, persistent, bo liao and totally curious decided that it shan't end like that. We decided to take a look at Maple Tree Logistics which is another sort of industrial Reit. And..TAaaa DAaaaa.... No mentioning of any debt to be repaid within one year! S$113,701,000 to be repaid winthin 1 year. Compare this with Cambridge.

So can islamic financing save the day for Cambridge? ( Hmm we seem to remember some article back that Islamic financing may not be immune to the credit crisis too?........Just can't find it..)

About half and hour after we posted, Anonymous cleared some air on the financing issue. Great, thanks Anonymous. This is taken from financeasia.com. Have they signed it yet, cos its 16 days to Christmas...ho..ho..ho!

See below for a post by a nick "Banker" at a forum.
Quote:
Cambridge Trust (CIT) has an option to extend the S$330+ mil facility. ABN Amro the trustee of CIT is the arranger for this facility. Moreover, this loan already has been securitized in the ABS market. In addition to the ABN Amro's backup, CIT has Australian National Bank as the major investor at the trust manager. I don't think refinancing is a problem. However, if CIT has to pay higher interest it will affect the DPU.UnquoteUpdated 11 Dec 2008: From a forummer nick "caseyc" regarding the Islamic Financing

Quote:According to the following source, it seems like Shariah-compliant loan is dead:http://www.sharesinvestment.co.../35054/en/"Refinancing will stem from conventional financing arrangements (as opposed to Shariah-compliant loan arrangements which CIT has been vying for) in the form of syndicated loan."I can't find any other references that mention this though, so take it with some salt.I've been waiting for the refinancing announcement, but decided to exit after I no longer felt comfortable with the lateness. Let's hope that they can pull through this. UnQuote

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