Tuesday, December 19, 2017

FY 2017 Sillyinvestor Inc Annual Report

Chairman statement:

Dear all, the theme for 2017 is to retreat when the market is good. There are various investment mistakes,  but we are glad they are not crippling. As mentioned in 1H report, we sold YZJ and Venture for 30% and 40% profits. They turned out to be a 2 baggers and 3 baggers respectively. We are yet again humbled by the market and acknowledge our lack of competency in using trailing stop to protect our profits. We apologized.

Yet, it’s not all doom and gloom. Our total portfolio size has increase from 85K to 106K. Last year we have vested capital of 42K worth 44K. As of today, we have 39K of vested capital worth 41K. We recently exited Lee metals at negligible profits, and hold cash. Total cash holding is 65K. 

It was a Bull year for STI, we could have done better, but will never throw prudence out of the windows.

Outlook:
 There were many reports about sustained rally in the market, driven by strong economic recovery and the US tax remake boast. 

The fact that we are holding 65% cash mean we see more risk than opportunity ahead. We could be wrong. If for no other compelling reasons, the fact that we are 9 years into this bull, we would think a pullback should be inevitable and happening soon, as valuations are hardly attractive at current level, although there are pockets of gems which we hope to exploit if it conincides with the general correction of market.

Operations review:
In the 2H of the year, we sold Lee metals, some of silverlake axis for a small profit, and bought M1 and Raffles Medical Group. 

Dividend collected for the whole year is $2170 as compared to $3849. 

However trading gain in 2017 was $4700 as compared to NIL in 2016. And we are please that unrealized profits for portfolio remain in the green for 5%.

Total returns on Assets in 2017 is 6.5%.

We expect lower returns in 2018.

CSR:
Beneficiaries added include Sian Chay Medical Insitution and Thöng Chai Medical Insitution. 

Company hope perhaps to do some direct volunteerism in some small ways in the year ahead. 

13 comments:

  1. Hi Sillyinvestor,

    Very nice year review you have there. I like the way exceptionally much when you present this review in an annual report manner.

    I'm surprise by the amount of cash you're holding right now! Similarly, I'm trying to build up on my cash position to the 60% mark. It seems like for now, you're very well geared up for the SGX GSS.

    Can I request for media presentation, balance sheet, income statement and cash flow statement as well :p

    ReplyDelete
    Replies
    1. LOL, sleepydevil.

      There is a reason why my posts' readerships keep dwindling ... I am lazy. When I first write annual report series in 2015, i have almost all that you said, tables, balance sheet and even "footnotes". I used to spend hours and hours writing a post... (I know some bloggers use days and weeks), now, If it takes more than an hour, I say no thank you and no more excel sheet

      GSS might never come. Imagine if market goes up another 20%, the 10% correction will then be useless.

      But its ok la. The 30% i had, dun think I am selling

      Delete
  2. Hi CEO,

    This year got declare dividends? That's all I want to know LOL

    ReplyDelete
    Replies
    1. For long service award of partner cum reader, I offer coffee and snacks during AGM.

      LP, you attending my AGM, you can fix the date you know? LOL

      Delete
  3. Sillyinvestor,

    I like the way you do your portfolio review this way ;)


    More interesting!


    Kudos to you :)



    ReplyDelete
    Replies
    1. Thanks SMOL,

      I actually find it a bit stale, might explore instructional menu or recipe format next time to do my review... LOL

      Thanks

      Delete
    2. Sillyinvestor,

      LOL!

      Do that!

      Treat your readers like dummies or idiots. See how it goes!

      Delete
    3. Hmm smol,

      Why write in a new style is treating readers like dummies of idiots????

      Delete
    4. Hi SI,

      Let me try providing some suggestions.

      Ho Bee (good rice) recipe for the DEVELOPING and growing children

      Wing (chun) Tai (tai)'s martial arts manual

      Delete
    5. Muhahahaha nice UN!

      What I have in mind is a bit confusing

      Delete
    6. Sillyinvestor,

      Trying to be coy with me...

      Next time your principal or course instructor tells you to follow their instructional menu or recipe format you tell me ;)







      Delete
  4. Smol,

    U think too much this time round

    ReplyDelete
  5. eToro is the #1 forex broker for beginning and advanced traders.

    ReplyDelete