Cash Call from RCE

Will it be Worth Buying the RCPS?

Looks like this could be a year of cash calls.

Eye-balling many unaudited results announced lately, most seems to be on the downslide in terms of profits.

This year, we have already been informed that BJFoods is asking for additional capital due possibly to their foray into Indonesia and the need for more operating capital for running the newly acquired Starbucks franchise.

So, what is RCE asking for?

There is a bonus issue of 1:2 as well as an issue of redeemable convertible non-cumulative preference shares (RCPS) of 10 sen each, on the basis of two RCPS for every five shares held after the proposed bonus issue.

The exercise is undertaken to repay bank borrowings, working capital-related purposes and to reward its shareholders.

Total gross proceeds from the RCPS rights from the exercise is estimated to be RM178.39mil to RM182.10mil dependent on the going price of RCE after the bonus issue.

The current price of RCE is 54 sen. With the bonus issue, the possible price of each RCE share will be about 32 to 33 sen ex-all.

Valentine's Day

It's that day again when hearts go all gooey, hoping for roses and chocolates.

That's Amore

For many receiving a Valentine card would have sufficed. Lovers will find this day of critical importance to make their loved ones know of their feelings.

But not many find joy or love on this day dedicated to romantic love. Sad because of unrequited love; sad because it is only a crush...

Where are you, St Valentine?

Unforgettable Kuch Kuch Hota Hai

If you have but one Hindi film to see in your life,make it "Kuch Kuch Hota Hai" which literally means 'Somethings Happen'

Sharukh Khan, Rani Mukherji and the delectable Kajol bring wonderful chemistry to the silver screen. Just listening to the haunting melody of Kuch Kuch Hota Hai can make your day.

Here are the lyrics and the clip. Have fun!

Tum paasse aye, Tum paasse aye
Yun Muskurayee, Tum nena jane kya
Sapne de khaye, Aabto mera dil
Jaane ka sota hai, Kya karoon ha yeKuch kuch hota hai(Repeat again)
[ Lyrics from: http://www.lyricsmode.com/lyrics/s/shah_rukh_khan/kuch_kuch_hota_hai.html ]




NaJaane kaisa eh saas hai
Bujhti nahi hai, Kya pyaass hai
Kya nasha es pya ro kya
Mujpe sanam , Chaane laga
Koina Jaane, Kyun Chain Hota Hai
Kya Karoon haye, Kuch Kuch Hota Hai

Tum paasse aye, Tum paasse aye
Yun Muskurayee, Tum nena jane kya
Sapne de khaye, Aabto mera dil
Jaane ka sota hai, Kya karoon ha yeKuch kuch hota hai