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Sunday, 8 May 2011

Awaiting my 2nd bundle of joy

Almost exactly two years after my 1st bundle of joy turn into a cheeky toddler, 'terrible two' that many called one, I'm expecting another one to join us to make this a noiser and messier home. I find balancing my limited time amongst family, work, investing, blogging and photography a very difficult task, especially when I need to dedicate much more time amongst the first 3. I am aware of my priorities, as much as I need to make tangible investments from the resouces generated from my work, I also need to make intangible investment of my time in my family. Thus blogging and photography (the only 'brainless' hobby that I can indulge in to let my brain rest) will have to take a back seat. If opportunities arose, I will still write an article or two. Otherwise, it will be a long while before I can return to serious blogging. I thank all faithful readers and fellow value investment bloggers who have contributed invaluable comments and ideas, and made my investment journey so far a very rewarding one!

10 Comments:

Blogger Musicwhiz said...

Congratulations Market Uncle!

Will miss your posts but then again, family gives a kind of joy which is impossible to describe. I should know, cos I also have a two-year old girl haha!

Cheers,
Musicwhiz

14 May 2011 at 18:44  
Blogger Market Uncle said...

Hi Musicwhiz,
Thanks! Life is about choices and I do value my family very much =) Hope you add a companion to your girl soon :)

16 May 2011 at 21:19  
Blogger Musicwhiz said...

Hi Market Uncle,

I recall an exchange we had over Surface Mount Tech about 2.5 years ago in 2008. Are you still holding on to shares of this Company?

The Company just released a profit warning today (May 23, 2011) and said they had to write down values of their PPE and thus will recognize a very substantial impairment loss. This, in essence, is the value trip as NAV may not fully capture the value of the Company, especially if the business is declining. Surface Mount is going to report three consecutive years of losses including year-ended March 31, 2011.

Regards,
Musicwhiz

24 May 2011 at 00:08  
Blogger Market Uncle said...

Hi Musicwhiz,
I've sold it at a loss quite sometime ago during my last major restructuring of my portfolio in the midst of the global financial crisis. I liquidated very significant number of my less promising companies, esp cigar butts like surface mount, when really very good businesses suddenly got sold off at very attractive, once in a lifetime price.

As far as surface mount is concerned, the rightdown apply to its PPE. So if someone ignored intangibles, and only focus on its tangibles, i.e. working out NTA (not NAV) and take the share price as a steep discount, then he will be in for a shocker here. Unfortuantely, I'm one of those as well. I always thought all assets on the balance sheet must be tested periodically to reflect the 'current' worth. So the sudden impairment points towards accouting failure here?

Anyway, since they already reported 3 consecutive years of losses? Not too sure whether they'll be delisted.

26 May 2011 at 22:21  
Blogger Jack Phang said...

Hi Uncle,

Thank you for your sharing. I sincerely invite you to join my blog - http://www.jackphanginvestment.com.

I will follow your blog often.

Have a nice day!

Regards,
Jack

27 May 2011 at 11:36  
Anonymous Anonymous said...

family first! congrats...and good luck.

In the mean time, I have been following the guy from http://forecastfortomorrow.com/Trading-Club
he has been spot on gives live video updates and his seasonality stuff is killer. Well worth a look.

31 May 2011 at 21:29  
Blogger cif5000 said...

I remember this feeling. And I was warned that 1 + 1 is much more than 2. They are right. The energy consumption is just amazing. How I wish money is compounded that way!

加油!

16 June 2011 at 17:30  
Anonymous Anonymous said...

Congrat Market Uncle

Miss your posts and hope to catch up with you soon. buzz me or knock me out on msn....

Cheers,
Maurice

3 October 2011 at 23:16  
Blogger asingaporeanson said...

Congratulations!
Not blogging anymore, Market Uncle? Your url's on my bookmark for ages already, enjoyed reading these.

6 October 2011 at 03:53  
Anonymous idaho divorce said...

It's all about choices. And you made the right decision.

9 January 2012 at 17:48  

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