Katrina Group Net Liabilities At S$18.4M (SGX Daily Pulse 13 Apr) |🦖EP1543

Katrina Group Net Liabilities At S$18.4M (SGX Daily Pulse 13 Apr) |🦖EP1543

The STI at 4,968.80 looks like a victory lap, but Katrina Group's auditor just flagged S$18.4M in excess current liabilities and handed investors a going-concern warning — that is not a discount, that is a capital funeral. When negative equity of S$6.7M sits behind a S$0.027 share price, the cheap price is the trap, not the opportunity.

In a 5,000-point STI era, the 1.47% T-bill is the honest benchmark your portfolio must beat — and my 3.2% Forensic Floor means you need at least 4.7% yield from a clean balance sheet just to justify leaving cash. Taking equity risk on net-liability names to chase yield is not investing; it is paying a premium to be someone else's exit liquidity.

📺 YouTube: https://youtu.be/HhZIbDu6prE

📩 Substack: https://investingiguana.com/p/katrina-group-net-liabilities-at

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"detailType":1,"isChannel":false,"data":{"magic":2,"id":553177778492600,"tweetId":"553177778492600","gmtCreate":1776064181305,"gmtModify":1776064330196,"author":{"id":4116373681054822,"idStr":"4116373681054822","authorId":4116373681054822,"authorIdStr":"4116373681054822","name":"The Investing Iguana","avatar":"https://community-static.tradeup.com/news/a5b8d1ba313947828839993eb5115542","vip":1,"userType":1,"introduction":"","boolIsFan":false,"boolIsHead":false,"crmLevel":12,"crmLevelSwitch":1,"currentWearingBadge":{"badgeId":"29815c1501c442c58b708482689df577-1","templateUuid":"29815c1501c442c58b708482689df577","name":"Emerging Contributor","description":"Contributors who received Editor's Pick for the 1st time","bigImgUrl":"https://static.tigerbbs.com/4ce9180a952c61a51c39f70d533b81a7","smallImgUrl":"https://static.tigerbbs.com/f98cf16cf4b858114f7ab9a779f9e6f1","redirectLinkEnabled":0,"redirectLink":"https://ttm.financial/TW/9000980585","hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2023.06.12","individualDisplayEnabled":0},"individualDisplayBadges":[],"fanSize":2484,"starInvestorFlag":false},"themes":[],"images":[{"img":"https://community-static.tradeup.com/news/03481f2f0871af5d7defcc0c6ff1339b","width":"1920","height":"1080"}],"coverImages":[{"img":"https://community-static.tradeup.com/news/03481f2f0871af5d7defcc0c6ff1339b","width":"1920","height":"1080"}],"title":"Katrina Group Net Liabilities At S$18.4M (SGX Daily Pulse 13 Apr) |🦖EP1543","html":"<html><head></head><body>\n<img src=\"https://community-static.tradeup.com/news/03481f2f0871af5d7defcc0c6ff1339b\" tg-width=\"1920\" tg-height=\"1080\">\nKatrina Group Net Liabilities At S$18.4M (SGX Daily Pulse 13 Apr) |🦖EP1543\nThe STI at 4,968.80 looks like a victory lap, but Katrina Group's auditor just flagged S$18.4M in excess current liabilities and handed investors a going-concern warning — that is not a discount, that is a capital funeral. When negative equity of S$6.7M sits behind a S$0.027 share price, the cheap price is the trap, not the opportunity.\nIn a 5,000-point STI era, the 1.47% T-bill is the honest benchmark your portfolio must beat — and my 3.2% Forensic Floor means you need at least 4.7% yield from a clean balance sheet just to justify leaving cash. Taking equity risk on net-liability names to chase yield is not investing; it is paying a premium to be someone else's exit liquidity.\n📺 YouTube: https://youtu.be/HhZIbDu6prE\n📩 Substack: https://investingiguana.com/p/katrina-group-net-liabilities-at\n</body></html>","htmlText":"<html><head></head><body>\n<img src=\"https://community-static.tradeup.com/news/03481f2f0871af5d7defcc0c6ff1339b\" tg-width=\"1920\" tg-height=\"1080\">\nKatrina Group Net Liabilities At S$18.4M (SGX Daily Pulse 13 Apr) |🦖EP1543\nThe STI at 4,968.80 looks like a victory lap, but Katrina Group's auditor just flagged S$18.4M in excess current liabilities and handed investors a going-concern warning — that is not a discount, that is a capital funeral. When negative equity of S$6.7M sits behind a S$0.027 share price, the cheap price is the trap, not the opportunity.\nIn a 5,000-point STI era, the 1.47% T-bill is the honest benchmark your portfolio must beat — and my 3.2% Forensic Floor means you need at least 4.7% yield from a clean balance sheet just to justify leaving cash. Taking equity risk on net-liability names to chase yield is not investing; it is paying a premium to be someone else's exit liquidity.\n📺 YouTube: https://youtu.be/HhZIbDu6prE\n📩 Substack: https://investingiguana.com/p/katrina-group-net-liabilities-at\n</body></html>","text":"Katrina Group Net Liabilities At S$18.4M (SGX Daily Pulse 13 Apr) |🦖EP1543 The STI at 4,968.80 looks like a victory lap, but Katrina Group's auditor just flagged S$18.4M in excess current liabilities and handed investors a going-concern warning — that is not a discount, that is a capital funeral. When negative equity of S$6.7M sits behind a S$0.027 share price, the cheap price is the trap, not the opportunity. In a 5,000-point STI era, the 1.47% T-bill is the honest benchmark your portfolio must beat — and my 3.2% Forensic Floor means you need at least 4.7% yield from a clean balance sheet just to justify leaving cash. Taking equity risk on net-liability names to chase yield is not investing; it is paying a premium to be someone else's exit liquidity. 📺 YouTube: https://youtu.be/HhZIbDu6prE 📩 Substack: https://investingiguana.com/p/katrina-group-net-liabilities-at","highlighted":1,"essential":1,"paper":2,"likeSize":1,"commentSize":0,"repostSize":0,"favoriteSize":0,"link":"https://ttm.financial/post/553177778492600","repostId":0,"isVote":1,"tweetType":1,"viewCount":136,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":["1A0.SI"],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":743,"optionInvolvedFlag":false,"xxTargetLangEnum":"ORIG"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/553177778492600"}