The Need for Domain Knowledge

Undue Pressure

Not everyone can write.

Again even if you are good in writing English, it still does not mean that you can write well on a subject.

The matter become more onerous if you are given a free-lance engagement which demands that you know that subject at the back of your hand and also have that prescriptive mindset to come out with imperative strategies and polices.

And now back to my writing job with this European Consulting company. I guessed the schedule and datelines were pretty tight which became almost non-negotiable when they need to keep hidden in-house datelines.

Truth be told, I managed to do about three chapters before the consulting company and the client company decided to co-write the paper as they were virtually 'running after a train'.

As the other subsequent 4 chapters were prescriptive in nature and includes recommendations as to a model they would like to recommend to the client for technology adoption, my engagement  could not continue because of their change in modus operandi.

It also taught me something.

The consulting company should have got a technology domain writer in the first place.

I could edit the document given my English capability.

Looking back, it was good exposure and experience.

Yes, there was also undue pressure!

They paid me for my time.

YTL Corp-Building a Price Support Shoulder

Would YTL Corp's management allow its share price to topple over?

The recent bondholders got their holdings-swapping it at the value of RM1.80 per share; giving up their fixed coupon rate return for capitalization returns on YTL Corp.

There was a similar price inundation last month when YTL Corp's price  went down to RM1.76 on 3 August.

YTL Corp's share so far has not been able to go beyond the 21 June 2012  level of RM2.15.

East Sentul  today

The basic reason is the continuous issue of new shares by YTL Corp in exchange for YTL Cement shares and the conversion of the USD 9 million 5-Year Guaranteed Bonds 2015. Exchanged for YTL Corp shares at RM1.80, the shares were traded in September. The need for lead time to digest the new shares has caused YTL Corp share price  to go south.

Today, YTL Corp fell further after slumping 6 sen on Friday from RM1.80. It almost touched RM1.70 but the lowest done was RM1.71 before recovering to tack on 3 sen to RM1.77.

However, being a good stock, there is no scarcity of buyers. The biggest buyer as usual is the EPF. Anytime, there is a price slide, EPF and YTL Corp will be on the buying end with the latter adding on to their Treasury holdings.

I believe that once a  broad shoulder support price is built, YTL Corp will find traction and bounce yet again beyond RM2.00.

The mathematics is there. The model is viable.

Only thing left is timing......