THHE-The Dead-weight Defies Gravity

Riding out of P17

It must really be getting closer for Tabung Haji Heavy Engineering Bhd (THHE) after it submitted its 3rd quarter report ending September 2012 to the BSKL.

So, it looks like the Fates are rooting for it to get out from the P17 shackles to roam wild and free and to raise any market capital it wants.

I do hope this is not a false start as many before this.

It touched 60 sen before ending at 59.5 sen. Similarly the warrants moved up to 42 sen.

This signals a clear departure and I believe the rumours in the market that  it may go beyond 60 sen and perhaps melonjak another 20 sen.

Touching 80 sen would be grand! It would be swell, Tabung Haji!

The Mortgage Isn't Really worth the Paper......

The Paper gets useless as you aged

When you are old and do not have an income, even having a house to mortgage isn't any good.

So, remember when you do have a valuable asset in hand like a property that is unencumbered, do use it as a leverage to buy another property while you are still earning.

The longer years you have right up to 70 years old will also ensure the payback amount per month is really bearable.

Otherwise, that property is only good if you become a guarantor for your children.

As property prices are really crazy in the Klang Valley, it pays to take a risk and buy a property now.

As your children may have just started working and would not have the wherewithal to put down even a small deposit for a home, parental assistance goes a long way to ensure they have a property pat down while the price is still affordable.

Imagine buying a small pigeon-hole of a unit at the Icon near the Sunway Bridge will cost you more than RM1,000 per square feet. God forbid!

The risk taker will be rewarded as property goes into boom and bust cycles.

If you can ride these speed bumps you will emerge the winner!

Lady Luck and YTL Power Warrants

So much demand for the warrants

For those who applied for excess warrants which was offered by YTL Corp to its shareholders, the chances of obtaining them seems quite remote.

From the announcement made to Bursar KL, the over-subscription rate is 125.53%. On those offered the warrants, 98.14% accepted them through subscription whereas the balance representing 12,837,712 will be distributed to those who applied for excess shares based on the policies set forth by the Board of Directors; namely odd lots will be rounded up to tradeable lots and the balance be distributed accordingly based on the number of shares held by the applicant at the time of application. If there are any excess shares after that, these will be distributed to those who applied for it through subscription.

For those who applied for the warrants, they should receive a notice of allotment by 25 October. Both allotted warrants and successful excess warrants will be deposited into the applicants’ CDS on 31 October 2012.

Lady Elusive?

So were you lucky?

If not, get ready to en-cash your returned cheques.

For me, I have RCE’s RCPS on the way and if they are are worth it, I should try my luck here.

I am not too sure of the value as they do valuation so differently these days.