A New Dimension to Friendship!

My friend is the best!

The word friendship can be interpreted  or bandied about in many ways;mostly nebulous.

For many, even an acquaintance is labelled a friend; and so are colleagues from the office.

A lunch partner is also a buddy.

We also have the cheeky audacity to term people as friends even if we see them once in two blue moons.

Others used money as a measurement of friendship. If you can be a guarantor for a personal loan from the neighbourhood bank, you are my friend.

If you can pinjam me money, you are my kawan!

Nothing beats this picture.

For the very young where hypocrisy is as remote as if it exists only on Jupiter or Mars, friendship is true....even in the bathroom when you take a wee-wee!

RCE-To Subscribe or Not to Subscribe

Will it Come Back to its Former Glory?

Now, you are again given Hamlet's choice.

No, no, no, not  Hobson's choice.

To buy or not to buy? To sell or not t o sell?

To act insane or you already are with the SC and BSKL trying to screw your brains out!

RM 0.315 sen is the adjusted price today when RCE Capital went ex-all.

I do not know how the market is going to value the new redeemable convertible non-cumulative preference shares (RCPS) which will soon be open for subscription in the first week of November. It is priced at a very high value of RM 0.38 sen on the basis of 2 units for every 5 RCE shares held after the bonus issue.

Let us say you have 2000 shares in RCE which you are fully entitled to the new issues. With the bonus thrown in,it means you have 3000 shares. The original 2000 shares were trading at RM 0.445 sen last Thursday  (25th October). That means they were worth RM 0.89 sen.

Lending to government servants- a Solid Deal!

At the current price of let's say RM 0.30 sen, and you have 3000 shares, it means that you have fair value of about 90 sen. Plus or minus, there is actually no gain. No extra value. Nada!  The bonus is what the Malays termed as 'buat sibuk sahaja!"

So, now is the moment of truth. You are offered 1,200 units. They will deposit these new units into your CDS account on 31 October 2012.

What would you do?

Sell the option papers into strength when the offer papers go on sale on 1st November  or subscribe to 'test the water' by paying for the new rights by 19 November?

Remember the rights trading ends on 7 November if you intend to sell.

I really do not know what is the value.

It is something like Berjaya Foods which can actually fetch a huge value. Today it is trading at 57 sen.

My opinion:

RCE has always been a safe counter until it was 'royally screwed" along with the Angkasa debacle orchestrated by the silly Commission of Cooperatives!

As usual, sadly the rakyat gets screwed by the government.

I think it is on the recovery track and hopefully through this capitalization exercise can go the extra mile to bring up profits as well as RCE's share price.

On the long run, Azman Hashim's counters do not disappoint.

Caveat emptor!

School's Out for 2012

A Rowdy Farewell

School's out for the year.

Until the term begins in 2013, I will be on long leave from tutoring at the center.

I have been toying with this idea.

Firstly, I am going on with age.

Secondly, I cannot get a replacement for my job at the tuition center.

Thirdly, I need to go back often to see my ailing father.

Yet, on balance, it seems that I will have to soldier on for yet another year as the current consultancy jobs and writing assignments are 'too variable' in nature. Some years can be good, others can be lean.

So far, God has been kind.

But, for pragmatic reasons, I will have to provide teaching materials to be center for them to take over the class when I need to take leave.

Sure it will be gratis and they do not have to pay me, too!

Grand Prize, Man!

Bringing it back in my small car was a hassle!

I was just telling my wife," Do you know at this time yesterday,we still have not won this 43 inch TV that now sits resplendently in our hall's sideboard?"

I was the last chap to sign the guest list for this function.

And my name was the last to be called and I won the grand prize.

It was not the price of the prize that matters after all TVs today are a dime a dozen.

This Plasma set was just the one before the launch of their 3-D set.

On checking, it cost RM 1,360.00.

Great to have a prize after a long, long time.

Praise the Lord!