Welcome to my investment blog where I share with you my analysis of REITs in Singapore.

I hope that my investment philosophy will bring me a steady stream of income apart from my job. I am aiming for at least $3,000 per month which can sustain the current expenses of myself and my family.

Do enjoy reading my blog and post any comments that you have. I welcome them because it is a time to learn from each other.

When I am looking at investing in REIT, here are some of the guidelines that I am looking at. Feel free to comment on it. I am willing to listen to ideas.

-> at least 8% yield.
-> Price that is lower than its NAV.
-> Low gearing (if possible)
-> High secured NAV.

Current Dividend income is $3,800/month.

Friday, May 20, 2011

Analysis of Indiabulls

Current Price on 14th May 2011 = $0.22
  • Current Yield = 0%
  • Price-to-book Ratio = 0.421
  • Assets per unit = $0.858 
  • Debt per unit = $0.335
  • Gearing = 39.1%
  • Secured NAV = $0.522
Indiabulls has reported their results with no DPU declared as usual. From the financial statements, it looks like they are still trying to survive especially the negative cashflow for every quarter. No yield but with an attractive price-to-book ratio.

I am running out of patience for this counter which has not performed at all. Their plans still need a few years to materialize which I think is a bit too long considering that they were confident to give 8% yield in guidance when they file for IPO.

I have 5,000 shares of Indiabulls worth $1,000 and it reminds me of a bad investment decision which I have made earlier. I am considering to offload it so that I can use it to buy other investments which are more promising.

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