September 20, 2012

Great lunch at Monte's

Quality Foods

We headed for Bangsar Shopping Complex in spite of the lunch traffic and the little raindrops appearing on the car's windscreen.

A usual, you do not get a car park that easily. I managed to find one on level B1.

Monte's is a always a great place to dine in.

Ambiance
Good ambiance, close-to-your heart service and the food-gratifying.

We took the executive set lunch parading a sirloin steak, pumpkin soup with vanilla ice cream as desert, tea and a side of bread and butter.

The sirloin steak, done at medium rare met with our approval and the pumpkin soup was just tantalizing.
.
Juicy
Just for the fun of it, we ordered half a dozen of French escargots. Well marinated in garlic and cheese. Verdict-scrumptious!

The bill came to an affordable RM125.00.

Great meal!

The Tenacity of TH Heavy Engineering Berhad

Fabricating a Future 
In spite of the 20 points fall on Bursa KL, this bulldog of a penny stock held a tight grip to its price range in trading all day today.

In the last 30 minutes, I tried to get in on the action by pegging a price of 33.5 sen for its warrants.

Surprisingly, there was no rush for the sellers to give in to the bargaining power of the buyers on such a terrible trading day.

So, when I checked my trading status, it registered ' expired'.

Tomorrow is Friday again and it will be another day when buyers will come in to pare down prices.

Will THHE stand up to the pressures or will it succumb and re-trace back to 50 sen for the stock and at 30 sen for its warrants?

September 19, 2012

Bosses Wants English-Speaking Employees

Learn English Now!

Not anyone but the Malaysian Employers Federation(MEF) which is saying this.
Employers want graduates who can speak, read and write well in English, not just those who pass the subject in exams.
Executive director Shamsuddin Bardans said of  the 28% of students who had received a credit in Sijil Pelajaran Malaysia (SPM) English in 2010, only 30%-40% would be employable, as revealed in the Malaysia Education Blueprint 2013-2025.


He doesn't minced his words when he said starkly, “A credit in SPM English doesn't mean you can communicate well. Even if you increase the number of students who pass with a credit to 90%, it still won't fill up the gaps in the workforce if only 30%-40% of those graduates can communicate well” 
He added the situation was further aggravated when employers are reluctant to offer English and communication training to employees.
Shamsuddin said most companies would rather use the 1% tax levy for staff training from the Human Resource Development Fund for other endeavours.
He also highlighted the discrepancy between the employer's views on the importance of English in hiring versus those of fresh graduates .
“In a survey by JobStreet, 56% of employers viewed poor command of English as a reason for not hiring, while only 23% of fresh graduates shared that view.
“It is a big gap in perception. Only half the number of fresh graduates believe English is important in landing a job,” he said.
British Council English Language Services director Sam Ayton said the inadequacy of English education could potentially create serious gaps in the global job market for both advanced and developing nations.
“But global trends reveal that education systems worldwide are now emphasising English and, as a consequence, children are getting proficient at an earlier age, where eventually  English proficiency will be commonplace globally,” she said.
Another speaker at the forum, TalentCorp Malaysia Johan Mahmood Merican said it was important to change the Malaysian attitude towards English.
“We have to change the youth's outlook on English. The language must be seen as a means of advancement in life, to land a better job or to access a wider range of knowledge,” he said.
He added that English needed to be promoted not just in terms of learning but also for communication.
“Are we really training our children to communicate?” he asked.
“We need our teachers to really engage our children and provide them the soft skills they will need in the working world,” he said.
So, English is important, comprende?

Dijaya Corporation Rights-Formula for Failure

Get Ready to Lose

I think the Board got it all wrong. I mean all 100% wrong.

Buying almost all of the Chairman's  personal land bank for one, is " not very nice-lah"

Secondly, I think the valuation would not have possibly favoured the minority shareholders.

Thirdly, timing is real-real wrong especially when your share price is lower than the rights pricing.

The bonus issue is just too scrawny to be an attractive sweetener.

Let us look at a typical case of a shareholder with 1000 shares in Dijaya.

So, he applies for what is his due.  His entitlement: 4 new shares for every 5 held.  So, he gets 800 new rights at RM1.20 x 800 = RM960.00

He also gets 1 bonus share for every 4 rights subscribed. For 800 shares,  he gets 160 bonus shares.

Now let us calculate whether he gains or not from participating in this cash raising exercise.

As the share price is now currently at RM1.11, he loses 9 sen x 800 = RM72.00.

Let us attribute a price for the bonus issue. As it is priced at only 20% of current price, let us generously give it a fair vale of 22 sen. So the shareholder will make RM35.20.

Now let us add the overheads for subscription. The government stamp duty costs RM10 while the bank-draft charge at RM5.

The losses is RM72.00 and the overheads is RM15.00. Now let us add in the bonus gains of  RM35.20.

The losses and overheads will come to RM87.00. Deducting the gains from the bonus issue, the shareholder will lose RM51.80.

Auto-loss

 Now, a person in his right mind  will never subscribe for this rights and bonus exercise.

The only gainer is likely Danny Tan.

Com Oath-The Interview

Smart Show?

Truth be told. I knew I did well and aced the exam in Sun Tzu style!

So, when I went to the Pos Laju Office this morning to collect a letter, there it was.

And so I have been called for an interview for the post of Commissioner of Oath.

It is at usual at the Palace of Justice at Putrajaya on Monday, 8th October at 9 a.m.

So, I will have to re-read the silly COM Rules to give a super verbal  viva voce this time around.

I guess getting ready for the interview is half the fun.

Must remind myself to bring my Identity Card, my full  resume and my certificates when I go for this interview.

Meanwhile, kena belajar sekali lagi!

September 18, 2012

Why MCA? Dying MCA?

All Calm at the Surface
The way MCA is behaving these days is similar to a dying creature, breathing its last. How sad.

The way the father and son team took on Talamgate  was also heartrending. It was so unprofessionally  unpleasant of them to hit at the State government even though KPMG has already endorsed that it was above board and legit.

Chua Soi Lek's recent fight with Heng Siae Kie-- blaming her for trying to take on the Gopeng seat with the help of UMNO behind his back   is truly sad as it may just cause more internal friction between Wanita MCA and the head-honco of MCA.

Looks like MCA is going down mortuary way.................

Did I distinctly hear the bell-ringer from the graveyard shift  moving around the MCA hq at Jalan Ampang?

THHEB Shows Its Traction

Heavy Climbing Up

For the first hour of so, there was just a stand-down in prices.

The odds were for the sellers as they stood firmly without giving way to bargain hunting.

Slowly, the volume increased and so did its price.

The Oil and Gas Industry

By the  close, both THHE (53.5 sen)and its warrants (35.5sen) both tacked on 1.5 sen and 2 sen accordingly .

Looks like these two counters have found traction at the moment.

Global market permitting,it should move on to add a couple of sens in the next few days.

Keep your fingers crossed.