tag:blogger.com,1999:blog-28021668.post2424594804467276728..comments2023-10-12T21:12:41.408+08:00Comments on Value Investment - Musicwhiz's Journey: SIA Engineering – Analysis of Purchase Part 4Musicwhizhttp://www.blogger.com/profile/10950754156386935254noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-28021668.post-13045669597156618202010-10-25T15:22:18.108+08:002010-10-25T15:22:18.108+08:00Hi Ding Sheng,
Thanks! Glad to know we have simil...Hi Ding Sheng,<br /><br />Thanks! Glad to know we have similar investment philosophies.<br /><br />Thanks for the link too, will check it out.<br /><br />Regards,<br />MusicwhizMusicwhizhttps://www.blogger.com/profile/10950754156386935254noreply@blogger.comtag:blogger.com,1999:blog-28021668.post-66582750543169607272010-10-24T19:05:28.789+08:002010-10-24T19:05:28.789+08:00lol. i love your blog. Definitely one of the more ...lol. i love your blog. Definitely one of the more readable ones online. At least our investment philosophies align pretty well. <br /><br />Well, going through the annual reports is pretty much what I do too to get historical figures:) http://investing.businessweek.com/research/company/overview/overview.asp gives up to past 4 years figures for most important figures though. You might wanna check it out:)Unknownhttps://www.blogger.com/profile/02440087214482026696noreply@blogger.comtag:blogger.com,1999:blog-28021668.post-62777138683924649972010-10-24T13:19:40.688+08:002010-10-24T13:19:40.688+08:00Hello Ding Sheng,
Thanks for visiting and comment...Hello Ding Sheng,<br /><br />Thanks for visiting and commenting. Yes, I do agree that subsidiaries can afford to be heavily leveraged if the parent can lend their financial support. There are cases where associated companies are highly geared (like 2.5x gearing) while receiving "support" from the parent. That case is Ezra and 47.9% owned EOC Limited (listed on Oslo Bors).<br /><br />Yes I did go through every company's annual report, but usually they have a 5-year summary so I pick most of the numbers from there. For other numbers, you'd have to painstakingly go through the Balance Sheet/Cash Flow Statement year by year.<br /><br />Haha, no one said investing was easy! In fact, it's tedious and requires a lot of reading and research.<br /><br />Regards,<br />MusicwhizMusicwhizhttps://www.blogger.com/profile/10950754156386935254noreply@blogger.comtag:blogger.com,1999:blog-28021668.post-52017699533305537282010-10-24T12:45:15.066+08:002010-10-24T12:45:15.066+08:00nice work:) sometimes a subsidiary can be afford t...nice work:) sometimes a subsidiary can be afford to be more leveraged because they have the backing of the parent company:)<br /><br />anyway do u go through each company 10 year annual reports to get the financial statements? if so, it must be pretty hard work.Unknownhttps://www.blogger.com/profile/02440087214482026696noreply@blogger.com