A Day at KWSP

Is it Still Solid?

I had the chance to visit  EPF  or KWSP (in Bahasa) this afternoon.

At my age only one thing was on my mind--withdrawal.

Possibly to review my nomination as well.

First off-nomination.

Instead of a card, they have a form now and your nomination and signature must be witnessed.

So EPF is playing safe on this aspect.

The second matter-the withdrawal of EPF savings.

Interestingly, it is paperless.

All you need to do is to present yourself to one of the EPF officers who will discuss your request and then remit the funds as you like;either monthly or in larger sums or even one lump sum.

The minimal withdrawal per month will be RM 2,000 and it will be remitted directly to a nominated bank account of your choice.

If every thing is in order, you can get your funds within 3 days. Otherwise, if there is some problems (especially thumb-print issues), you would get it within a week.

This monthly withdrawal is a good option as whatever funds left will still be entitled to dividends to be paid out.

Breaking Bad-Real Bad

The Dark Side

If there is one series that will truly get you off the edge of your chair,it must be Breaking Bad.

This antihero movie about a chemistry teacher who is suffering from lung cancer and then turned to manufacturing methamphetamine to provide for Texas, New Mexico and Czech Republic is truly one gripping television series.

After 5 seasons it ended last year.

Truly engaging.

Bryan Cranston as the protagonist turned baddie turn in such a superb action of a man at the end of its wits.

Seeing is believing.

Microwave Fever

Pensioned off  Micro

After more than 22 years, the old Sharp microwave called it a day.

It shut down all functions completely.

I suggested that we buy on the interim-a cheaper and smaller capacity model.

'Nada,'said my wife in full control that she would be able to live without that nefarious machine for a long while.

We have a rough and tough time of about a month struggling without a microwave.

Every time we wanted hot water, it means that we would have to use the electric water jug; even for a small quantity of water to brew tea.

We had to use the small electric oven every time we wanted to warm up food. This was particularly to steam up buns and pizza.

I guess the nefarious machine won in the end.

Using my loyalty points accumulated on my credit card and adding a painful one K, we took back a premium brand with the same capacity.

That was a victory for female vanity and a dent on my already deflated wallet.

The Vanity Micro

So, the machine and my wife won.

I, on the other hand, had to take the strike out with a sheepish smile as I slink out of the kitchen.

Will MBSB Rights Go Further North?

Capital Call

Before the Provisional Offer Letter (POL)letter was traded, MBSB was treading a price level of about RM 2.70.

Then it fell to about RM 2.10 on the listing of the POL where the POL fetches about 50 over sen.

Before it ceased trading the POL was traded at 46 sen.

It you add RM 2.19 to 46 sen, it means the original MBSB shares would now be at a theoretical price of RM 2. 65, a whisper from the RM 2.70 level.

So, when the rights subscription closes on 13 January, every one will have to add another RM 1,650 to obtain the new shares.

So, RM 2,650 - RM 1,650 will give you a  profit of about RM 1,000.

Taking a theoretical loss of  about  RM 50 from  rights cum level, this will leave you with a net profit of about RM 950.

So, on the surface, it looks like the MBSB rights may even go  further northwards.

My two sen's worth, not discounting rumour mongering of a potential RHB take-over.