D-Day Dawns?

Timing is Important!

The fight would be close. That is the fifth column perspective.

Will BN retain the Federal government with a hung Parliament in sight?

Must be held in 2012!

Will PR get the Sabah and Sabah friendly MPs to support them for a takeover of Putrajaya?

Anything can happen now.

These days as Najib keeps the people guessing on when the 13th Election will be held,pundits and prophets are appearing aplenty on the political horizon.

An October date

Muhyiddin, UMNO's No. 2 wants the election to be held this year. Ex- PM Mahathir says October will be the best date for BN when pilgrims return from the holy Land. Nazri is checkiing with the AG's Chambers to see whether the present government can go the full term and have the shortest period for dissolution of Parliament and campaign period.

Not this year

An UMNO doyen, Aziz Tapa, now out of power though not influence, believes Najib will not have an election this year. 

Legal maverick?

Meanwhile, all kinds of offal is dropping down like flies. More scandals are being exposed at home and abroad.

The longer the wait, the greater the frustration of the people, the commercial sector as well as investors.

The UMNO Election is due only next year after the 13th GE. That means the same slate of candidates will likely be put up again? Will they appeal to young first-time voters? What about possible sabotage from ambitious young leaders who  are not selected or from senior elders who desire power but are booted out?

Chicanery awaits?.

Last Call for Putrajaya 

So, let the guessing game continue.

BJF: Dull Day for The BJF ORs

Saviour?

Today is the last day of trading for the ORs of BJF.

There is some biting on this counter where 2,678 lots have been done.

Bids range from 65 sen to 68.5 sen.

I think it may touch 68.5 sen if the buyers are keen to pick up the rights at 65 sen.

BJF is still trading in the red at 93 sen and may be done at 92.5 sen for a 4 sen loss after ex.

The Water Wars

Drippingly Bad or a Bad Bluff?

Well, things do happen in Malaysia that would unlikely take place in other places.

First, you have Syabas, the water concessionaire, saying that they want to ration water because their inlet dams have critically low water levels. The areas to face water-cuts would be the premier area of Putrajaya, dormitory town areas of Petaling Jaya and the capital city of Kuala Lumpur.

Syabas's excuse was that the Langat II dam must be built and tariffs must be allowed to go up if they are to efficiently deliver water to the people.

So, did they lied or did they bluff?

My elder brother tells me a lie is premised on  something that can happen and a bluff is an impossibility.

For instance, you may lie that you have a stomachache and used that as an alibi for skipping school. Then you can bluff when you tell people that you saw a flying pig.

In this case, Syabas was found lying about the water levels. Most or all the dams were overflowing with water, given the rainy season.

So they shifted the goal-posts and say the water rationing was due to their inability to process water efficiently to serve demand and not because of water in the dams.

So, the Selangor Government decided to take over Syabas on the cusp of this excuse.

No one was surprised when this was rejected by Putrajaya.

As such, the water wars take a break.

It will became hot once again as we get closer to the elections.

So, watch the fun when there is another replay of the water wars then.

Anything I Can Do, Let Me Do It Now

Time and Place

I called it the axis of time and place.

When you can do something for someone particularly if it is life-changing, do it now.

For you may not get to do it again because time passed on.

Today, you are in a position of authority, tomorrow you will on the other side of the fence looking in with nary an iota of power to assist anyone.

I am thankful to God for making me do things that have been life-changing for others when I was empowered without bending any rules or running foul of the law.

I am grateful to be able to serve.

BJF-You Can Do No Magic

Starbucks may make big bucks. Not today;not on Bursa Kl.

Evolution for Profits?

The official  inclusion to its RM4.5 million net profit to the bottom line  of BJF caused nary a stare or even a blink in terms of prices.

Right not, BJF is languishing at 95 sen while the OR, traded up to 65 sen on the opening minutes, is back to 63.5, its overnight price.

Granted, these is little free-spread in BJF as Vincent and his cohorts have bought almost all available shares from weak-holders and are keeping them in their stables to earn profits.

Next Tuesday (24 July) , OR goes ex and so it is to Berjaya Times Square with your drafts and OR letters.

Please remember the RM10 revenue stamp,won't you?

PS:  BJF closed down 2.5 sen to 93.5 sen while BJF OR closed up 2.5 sen to 66 sen.

BJFoods-Will It Go Up?

Starbucks is In!

Today, it was announced that Starbucks has been formally taken over by BJFoods.

Will that push the price up or is it a given that only attract little interest?

There was some slight interest in BJF at the end of day with the share moving up 1.5 sen to 96 sen.

The OR traded up 2.5 sen to 63.5 sen.

Tomorrow is Friday and so there will be see-saw trading.

I do not expect much demand for BJF tomorrow.

Monday will be the last day for trading of the OR.

BJ Assets-To be Taken Private or conversion to a REIT or....

Going REIT?

BJ Assets just reported to Bursa KL that they have not met the public spread requirements.

They will, however, seek the the exemption from of Bursa for this requirement.

Now, just like BJFoods, most of Berjaya counters do not have as wide a spread for more animated trading.

So, what can we expect from this?

Landmark for Privatisation or REIT?

Vincent Tan has just bought another big chunk of BJ Assets. That means more shares are taken out from retail trading.

So, what are the possible scenarios to expect for BJ Assets?


First scenario-take BJ Assets private-possible but unlikely.


Second scenario- create a BJ Assets REIT leaving BJ Assets as a pure gaming play-Very likely.


The highest price achieved was RM1.04 on 12 July with high volume with the lowest at 78 sen traded in May-June period.


A fair price for entry would be in the lows of 80 sen.


So, let us watch this counter. It is now trading at 92 sen.