Bamboozled by an Email Hacker

When I received the email from a friend seeking help, I was more compassionate than thinking. What should I do? Who can  help me to assist my friend over there in  a remote country?

This happened on 19 June when I opened by email.

Let me show you the massage.

Hi,


Hpe you get this on time. I made a trip to Madrid, Spain and had my
bag stolen from me with cash and credit cards in it. I've made
contact with my bank but they are not providing a quick solution.
I'm physically ok and fine but I'm urgently in need of some money to
sort my self out of this predicament, I will pay back as soon as I
return.

Kindly let me know if you would be able to help me out so I can
forward you the details required for a wire transfer via the western
union as it is the best option to send money to me. I don't yet have a
local phone (still gathering my bearings and such), so email is
probably the best form of contact for now. I will expect your response
soon


Thanks SAS

And so a gullible me replied like this.


How much do you need. I will ask around to see how many of out friends can help pool some.


The next response from the hacker goes like this.


Thanks  for checking, I need just €950 euros to cover my traveling expenses, I will pay back as soon as I get back home. Let me know how possible this could be so i can send you the western union details.

Then a smarter me put on the verification process like this.

SAS,

Verify this and I will take action to raise the sum among friends:


Who was ECOoi?
Name of your three children.
Name of my children
Name the exminister of H whom I worked for
The name of my sister who worked for the H Division of the T
Name of your church


GB
XXXX

No response thereafter.

I phoned my friend SAS after a friend of mine told be that it could be a scam. SAS then told me someone has hacked into  his email compromising his address book.

What a lesson!

Berjaya Foods-Good Cooking?

News must be around the corner. Also, this must be one cornered stock. So the share goes up on small volume. Let's take today. Berjaya Foods went up 7 sen-more than 5%.

As the rights issue is pegged at 4 shares for every 5 held at 65 sen per share. That means that theoretically for 800 shares you will stand to gain 48 sen. Another bonanza if the matadors and Greek Gods and Titans don't give us any trouble from the Eurozone.

Good cooking so far.

YTL Corp: Is it Magic?

The Malay word for it is lekat. Will the price hold? Will the stock price holds traction?

Today, 14 June 2012, YTL Corp went ex-all, to the chagrin of all its shareholders.

As the counter started trading there were lots done below the RM1.89 ex- theoretical price. Most were done at a loss of 2 sen at RM1.87. Slowly, buyers came out to square of the price at RM1.89 with some heavy volume trade of tranches of 1,000 and 2,000 lots. As the morning session drew to a close, buying were mostly done by retailers. The counter clinched 4 sen to RM1.93 at the 12.30 noon-day close. Will it stay at this price or will power buying in the next few days propel it to higher prices?

I do not believe that YTL Corp  is conducting Treasury buys as yet.

A person who buys a 1000 shares at RM1.96 just before it went ex-dividend of 2 sen per share (RM20.00), would have paid circa  RM1,990 for that transaction. With the proposed payment of the RM20.00 dividend, his share purchase price will be lowered now to RM1.97 per share.

Factoring in his gains of 66 dividend share at RM1.93, this will come to a profit of RM127.38.

Seen in another perspective,this profit of RM127 will help further reduced his purchase price by  another 12 sen or effectively at a lower purchase price of  RM1.84.

Then, there is the 66 YTL-Power warrants to be issued at only 20 sen. At the current price of 43 sen, that means he would have made a further gross profit of  RM15.18 after subscribing for it. After deducting  RM10.00 for government stamp duty, his net profit will be RM5.18 sen.

There is again, the opportunity for him to buy excess shares if he is daring enough.

Assuming there is mass selling by the YTL Corp shareholders of the distributed warrants and it goes down by 30 percent (13 sen), the warrant  could still be sold at 30 sen to reap at least 10 sen gross profit or about RM100.00 per 1,000 shares which can be considered great as it reflects a return of 10% on such a short duration!

I expect YTL Power shares to move upward as more than 75% of YTL Corp's revenue comes for the overseas utilities in UK and Singapore.

Moreover, Francis Yeoh, with a thumping war chest of RM14 billion, is definitely looking out for bargains given the background of the current fall-out of the Eurozone which now includes Spain and Cyprus! Assets can now be purchased at really fair prices! So, Francis is looking high and low  for low, low prices!

Do not be surprised to see YTL Corp, YTL Power and the YTL Power warrants going up soon.

So, the backdoor way to amassing YTL Power stocks will strategically be through YTL Warrants.The exercise price is RM1.21.

The current price of YTL Power is RM1.64.

Theoretically the conversion into YTL Power  will involved cash of RM1,210 and twenty dollars of warrant or altogether an outlay of RM1,230.

This means that given today's price of RM1.64, there is a further discount of RM410.00 if the warrants are converted.

So, what should be the strategy now?

For me, buy YTL Power and YTL Power warrants!

PS:

At the end of the day, there was a barrage of sellers selling it down to RM1.86 again. It ended up at RM1.91 for a two sen gain though there were only buyers at RM1.87;indicating possible Treasury buy in to support the price for some reason only 'those people' knew.

Anyway, let us see whether there is improved traction tomorrow which is a freaky Friday for stocks.

Translation: Be Smart!

Yes, be smart. Don't do what I did.


Cari pasal.

I thought I was a wonder kid.

When I was offered an Annual Report of 172 pages to translate from Bahasa Malaysia to English , what did I do? My response?

"Boleh," I replied.

"Can-ah, do in ten days?"

"Can,can!"

Then when I got your teeth into it, I found it was more than I could chew!

Cough, cough; choke,choke...............

It was not the many pages, my friend.

Literal direct translation without  any need for referencing and looking for the equivalents in nomenclature would have made this translation assignment a breeze.

But I think I got the short end of the stick.

This was an official document of  a government agency with all those weird sounding names of committees, panels, programmes, activities  and minutes too  et al  and just cross referencing using a dictionary or Google and internet search can wear one down.

Sheer murder!

Then there is that need to ensure uniformity of terminology which you can only do so at the end of the project.

Thus far it has been a hassle and I am pretty sure that 'sepuluh hari tak jadi-lah" and with bowl in hand, I will have to beg for an extension.

Poor me. Having backache now from seating and slumping  in front of the keyboard for too long.

So, if you intend to get into translation, be smart. Know what you are in for.

Make sure that you ask for a longer time and make your agreement flexible enough to accommodate that.!

Lastly, ask for more money!

Playing Dunking Doughnuts!

It looks like there is a pandemic disease on Bursa KL. It must have got so bad that many counters are taken private.

YTL Cement is gone.

Proton and Esso are already going through the process of delisting.

First to go on the block lately was UAC. Citing reasons that it is hardly been traded, the Boustead Group are taking it private.

Today, I read that YHS(M) is also being privatised.

I think there are many more  in the pipeline which will go in that direction

YTL Corp:Rewarding Shareholders

I knew it will happen as YTL Corp  kept on buying Treasury shares. So yesterday, they announced a redistribution of the Treasury shares where one share in distributed in specie to shareholders for very 15 units  they held. YTL Corp closed up 7 sen at RM1.89 this evening.

A true bonanza and with a discounted sale of YTL Power warrants  in its holdings to YTL Corp shareholders.at a steep 53% discount to boot. So, a YTL Corp shareholder can now  avail himself to these warrants at only 20 sen each instead of the market price of 43 sen.

YTL Corp has a cash hoard of RM14 billion currently and is apparently looking out for mergers and acquisitions as these are now on offer at more reasonable prices. According to Francis Yeoh there are malls in China and Australia worth looking at. To him, any opportunities with 7-10% yield is worth evaluating for a buy.

At InvestMalaysia yesterday, Francis denied he will sell any of its assets under the Group. No way will he sell Wessex as it is a top world company. Currently, 85% of YTL Corp's revenue and profits are from overseas.

YTL's earnings rose 16.9% to RM364.82 million in the third quarter ended March 31, 2012 from RM312.05 in the preceding year. Revenue rose 23.5% to RM5.24 billion from RM4.24 billion

So, are you buying any more YTL Corp shares to get the 'goodies'?

Jessica and Phillip- A Winning Duo

As the fanfare fades,and the American Idols contestants leave for their summer tour, we are left to ponder.

Would be have mattered if Jessica had won and Phillips were runner-up?

So, Phillips have wowed the crowd at the Nokia Theater and his last number has  brought the trophy home for him.

After revisiting all the performances and the songs he sung on the competition, I think he is definitely deserving to be in the finale. That he won was just plain good luck and perhaps some sympathy votes for his kidney condition.

For Jessica, she may not have won the bragging rights to be the American Idol title but I love her maturity of humility in the face of defeat. Her attitude was right and she has won many a heart.

We do not know the trajectory for Jessica in her future music career but I know she has the talent to make it BIG!

She is dynamite!

So, Bebe Chez perform on the world stages, grow up prettily  and sell records the whole world over.

Love is in the air and your fans love and adore you.

Peace, love and happiness to you always.