Bad Food, Broken Trust

Broken trust!

It was one of the worst traffic snarl in a long while.

I was caught for almost an hour and the toll plaza at the Kerinchi Link.

Traffic was hardly moving on the Federal highway though we almost caught a breeze on the Cheras road leading to Bandar Sri Permaisuri, even as the traffic caught up with us on the approach road to the new township.

As it was impossible to drive back in the glacier like traffic, we stopped at this Malay restaurant to have a bite. We thought we passed it a while ago and it was serving  kampung fried rice with that aromatic salt fish flavour.

Sorry, no such dish. Imagine that!

So we ordered an ikan pari, so-called Portuguese style which was at best, insipid without the sambal and the local salad.

I could tolerate the Mee Bandung.

The chicken goreng  rempah was so miserable; you just wanna laugh or on second thoughts, cry! It was so scawnnily small.

The fruit drinks we ordered, mango and star-fruit were okay.

Cost me RM 31.00.

Verdict- lousy.

Tears won't help here!

No need for apologies!!

Never darken their doorways again!

Bandar Sri Permaisuri Cheras

Interesting township

I never knew this township existed until I brought my daughter to work there.

This is a perfect Malay town with the majority of businesses run by bumiputras.

The roads are really cramped out with residents parking on both sides of the road. So be careful as you may just bump into one of these parked vehicles.

The town has a life of its own as the residents there could have the threshold spending power to support these restaurants.

So far, we have eaten at the Bistro, Kayu and the sole Chinese coffee-shop.

Food is not cheap here and yet we see them crowded in the evenings.

Except for some illegal cyber-cafes, there is no entertainment in this township.

When it rains, the Cheras Highway may be jammed and you may find it difficult to get in or out of the township.

Duped into Gold Trading?

When will Bank Negara give us a Solution?

Why would they take out their hard-earned savings and gave it to some sharp dressed man or woman who actually gives them back their own money, little by little?

On just a concept such as hiba which actually meant gift, these gullible people are suckered in.

Now they are at a loss as the authorities, as usual act to late, so much so more victims had been led into the trap.

Victims of Bestino demonstrate outside PM's Department

What are the chances that they will get back  their money since most of these companies operate ponzi-like scheme?

I fear for them unless the government  bails out all these so called investors 

Fall from Grace?

Old Cows Returning to Roost?

The number of controversies coming out of the woodwork is calamitous!

Like an ever-returning ghost, it continues to haunt.

No Safety-Net?

Tell no lies. then you need cover none.

For the ruling party, there is no stopping the kind of so-called 'grave' issues that keep on coming to the fore.

When old issues remain unresolved, new ones are just spurting like ink all over the place like an octopus on heat.

The latest one on the Dolomite Condominium project near the heritage-protected area of Batu Caves is quickly becoming an embarrassment even though the other hot issues like the RM 40 million mysterious donation to UMNO Sabah  and the Genneva Gold Investment Scheme has not seen any possible resolution in sight,whatever the authorities like Bank Negara may or may not say.

BN will lose the the support of the  returning Indian supporters if no quick satisfactory answer are found for  the Batu Cave Condominium. Similarly the urban middle class trapped by Genneva and the other gold selling scams may in abject disgruntlement, vote against the ruling government.

I think PM Najib is having one tough time now when he needs to call the general election any time soon.

Heavy Falling Out?

Especially so when the other BN parties like MCA, MIC,SUPP and Gerakan is likely to fade away permanently  from the political limelight of the Garden of Eden after the 13th GE. It's one heavy falling out............

Is 'Falling' the name of the game now?

Sylockian Attitude Rules the Roost

Will Never have the old Man's Stature

He is not his father, that is for sure.

His attitude? Not even friendly to minority share-holders.

Where his father is benevolent to the old and aged that attends the Group company's AGMs, he stands apart.

Like that terse scion from Genting, the power has gone to the upper end of the human body of this corporate newbie as well.

While it may have not been apparent in the case of BJ Media, where door gifts were the same for all shareholders, the practice departed with BJ Sports Toto. It continued with BJLand.

A shareholder with 99 shares will get a lousy door - gift of inferior value.

Today, the door gifts for BJ Corp was really stratified. Like the social classes of human society. It has become an art for these new corporate gung-hos.

Hey, a shareholder is a shareholder; whether he attends personally or by proxy!

He has equal rights and privileges.

However, not these Berjaya people- me no unnerstand---lor.....

So, they play King-kong.

If you have 1000 units, you get the best door-gift deal. You get  RM 20 KRR, RM 20 Starbucks,RM 10 Krispy Kreme and also a food voucher to dine at the Coffee-house or Chinese Restaurant; and before I forget, also a recyclable canvas bag!

For 100 units and above, you get a better value pack. All the food vouchers but no bag.

Woe betide those with less than 100 units. They only get RM 20.00 of KRR.

Stupid policy; and also no more hotel stay. Aiyayah! kalawoleh!

What a bird!

While it was a joy to own Berjaya shares in the past,  today they are down in the dumps.

For instance:

BJ Toto was about RM5.40. Today it is RM4.30

BJLand was about RM 1.10. Today it is 89 sen

BJMedia was about 70 sen. Now it is 40 sen.

Berjaya Assets was RM 1.10. Now it is 89 sen as well

BJ Corp was RM 1.30. Now it is 60 sen!

Cry Cry Cry!

Berjaya counters tak boleh pakai!

Woit! Birdie-birdie Num Num! Apa macam?

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!