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[Miser] 

$KEPPEL INFRA TRUST WEF 2015(A7RU.SI)$APA buys Basslink debt, confirms purchase interestGas pipeline owner APA Group has confirmed its appetite to buy the bankrupt power interconnector Basslink, announcing it has acquired an interest in the venture's debt.“The potential acquisition of Basslink is consistent with our strategy to expand our electricity transmission footprint and invest in renewable energy sources,” APA chief executive Rob Wheals said in a statement reveal the purchase of $99 million of the venture's debt.Basslink, an underwater power cable linking Tasmania with Victoria, fell into receivership 10 days ago, with owner Keppel Infrastructure blaming in part the collapse of discussions with APA for the proposed sale, as well as ongoing

$Berkshire Hathaway(BRK.B)$ Background • In my 1st Post in B/May after their Q121 Results, I posted on why their IV is 1.3 x NAV • In my 2nd Post in B/Aug after their Q221 Results, I posted on why their IV may be as high as 1.435 x NAV • With Q321 Results just announced, this post will expand on this topic Q321 Results Figures for Computing NAV Shares BuyBack for Q321 Compilation & Computation Observations •This is the 2nd Consecutive Q where their Average Monthly Share Buyback Price is Higher than my Original 1.3 x NAV Estimate. ---> Not as High as 1.435 x NAV for Q221 but still 1.351 x NAV for Q321. • Useful Reference Prices in Q421 for me, ---> $279.24 (1.3x) - For BUY, up to this price ---> $290.19 (1.351x) - For SEL

$Berkshire Hathaway(BRK.B)$ Background ° In a previous post, I estimated the IV (Intrinsic Value) of BRK.B to be 1.3 * NBV after comparing past Shares BuyBack data. ° However, from their latest Q221 Financial Report, the highest Average Price Paid for their Shares BuyBack in Q121 was $286.10 (for May). What Does that Mean? ° For Q121, using my computed NAV = $199.34 & my previously estimated 1.3 * NBV, I'd projected Max Shares Buyback Price = $259.14. ° With this latest data of $286.10, this means the formula could be around 1.435 * NBV instead !! What's Next ? ° From the latest Q221 Financial Report, I have computed NBV = $211.22. ° At 1.3 * NBV, my estimated Shares Buyback Max Limit = $274.58. ° At 1.435 * NBV, my estimated Sha

$SINGAPORE PRESS HLDGS LTD(T39.SI)$Offer PriceBuy, Hold or Sell ° Decision is yours to make! ° There's a discount now of ~5% if you were to buy SPH now. However, the value of the offer is dependent also on KREIT & SPH REIT prices. Further, it requires approval via EGM plus completion of the earlier Media co. spin off.Estimated Timeline

$RAFFLES MEDICAL GROUP LTD(BSL.SI)$HighlightsDividend Policy ° Changed to Annual Dividend (from Semi-Annual). ° Formula - Up to Half of Average Sustainable PATMI. I assume 'sustainable' to mean recurring operating income & 'average' to give them flexibility to maintain the same or gradually increasing dividend (starting from 2.5ct) ° For FY21, Expected Div = 2.5ct (same Total Dividend since FY18)China Operations °  The main drag on RafflesMed for the past few years had been the China hospitals. During the construction phase, it drags down FCF due to high CAPEX. Upon completion, it drags down profitability till there's enough critical mass of patient load. ° ChongQing Hospital ought to be profitable soon,

$KEPPEL INFRA TRUST WEF 2015(A7RU.SI)$Most Important Announcement ° DPU = 1.86ct maintained (Semi-Annual)Distributable Cash Flow Still Healthy ° DCF / Unit = 2.02ct > DPU = 1.86ct ° Very important matrix as it shows the ability to pay DPU are coming from available DCFAdditional Info ° Acquisition of 30% SingSpring (Already owns 70%)Last Comments ° Very happy to see DPU = 1.86ct maintained & not reduced or stopped (like what happened to REITs or other listcos). ° Having issued Preps (Perpetual Securities), it looks unlikely KIT will issue Rights to fund their acquisition of PCSPC (Phillipine Coastal).  ° Note that Preps is recognized not as debts but rather, securities in accounting. This explains why

Earliest after Rights Issue? 

Avoid putting hard earned money on unregulated products. Super high returns are always signs of scams! 

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