Life Term Strategies

1. Huge Gains in Long Term
- Receive significant capital gains
- by investing in corporations
- (with wide economic moat & average peers’ net margin)
- In very very long term

2. Strong Periodic Cash Flow
- Maintain self-sufficient monthly cash flow
- Through dividend, gains on derivative & short term trading
- For re-investment to item # 1 mentioned above

3. Mind for Risk Management
- Ensure strong cash position
- Maintain low risk by continue monitor, analyze & feel:
economic trend & environment,
market condition & investors emotion
corporate performance & outlook
asset allocation & direction

4. Be a holy Christian investor:
- Invest in wisdom & varies ways, but consistent & not over nor under of what the Holy Bible expects a Jesus follower should be
- Keep regular & long term spiritual growth
Continue experience God @ finance market
Aim for life transform opportunities
- Even though it may not teach Billy & Bilibala what stocks to invest nor how to make more, more & more $

12.08.2008

Manulife 4q08 results

MFC forecasted it will loss $1.5B in 4Q08 due to lower of equity market. This brings the 2008 full year net income down from $4B to $1.1B or down 72.5% (EPS will down to $0.77). Finally, the financial result tie to what I expect to be reasonable (still a little higher, 4Q loss may go up to $2.0B instead of $1.5B in my opinion.)

Since my previous target value has already took into account of the 4Q loss by assuming its 2008 net income less dividend equal to zero. No assumption will be changed.

However, Manulife plan to raise $2.1B capital and borrow $2B from banks to maintain its AAA credit rating. Do so; it will dilute the share value of the existing shareholders by 7% or YTD average of 1.75%. So I will readjust my target value from CA$32 to CA$31. Given CA$20.0 per shares, it is still good buy.

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The information provided in the entire blog is not intended to provide legal, accounting, tax or specific investment advice. The information presented was obtained from sources believed to be reliable; however, I cannot represent that it is accurate or complete. I assume no responsibility for any losses, whether direct, special or consequential, that arise out of the use of this information. This information is subject to change without notice. Stock performance are not guaranteed, their prices change frequently and past performance may not be repeated. Please do your own investigation, or contact your own professional advise, before investing.