Stolen Days,Bitter Tears

Stolen Days

Yes, I postulate.

I have a theory.

If you are working in an organisation,to follow the great Pareto Principle, the support of only 30%  of the your bosses  will expedite your success up the corporate ladder.

On the other hand, 30% of your bosses will cut the ground under you to make you fall.

The other 40% will just make use of you to climb the corporate ladder and claim credit for all you do.

The important thing to do is to avoid the 30% bad bosses.

Bitter Tears

When you start in your organisation, look for godfathers and godmothers. Look for team players who will play ball so that the entire team will move up the ladder in quick succession with the ones up earlier helping the others to move up.

At the beginning of your career, avoid working for bad bosses.

You can spot them from kilometers away. They work you to the bone, scolds you and write bad confidential reports for you.

If you have started on the wrong foot under such corporate horrors, get out of the organisation or into other divisions to redeem yourself.

Do it quick to save yourself.

If not, it will be stolen days and bitter tears as you stagnate like slags at the bottom of the cesspool of the organisation.

Dog Day Afternoon at the Banks

Turtle pace?

Hong Leong Bank at the SEAPARK branch has gone from bad to worse.

Today, they open only two service counters and two customers hogged them to do onerous tasks that took almost 25 minutes each. I almost grew buttress roots waiting for service!

Then it was off  to Maybank to buy some bank drafts. Not only was I shocked that they charge RM5 commission to issue per draft but worse was to come when  they insist I go home and bring my cheque book to issue a cash cheque to pay for the drafts as  they do not accept deductions from my current account.

Pre-computer times?

Jeez, what on earth has Malaysian banking come to? 

The pits! That's what!

BJFoods-Biting the Bullet?

Roasting Rights Issue?

Yes, for those who are gung-ho on taking up the BJF rights and warrants, get your cash ready to pay for this rights.

It is really one confidence game. Was it worth the risk or should you have thrown out the OR and collect 60 sen per share offer?

Per lot will cost you RM650.00. Then there is that government tax of RM10 revenue stamp and the dastardly RM5 for bank commission in issuing out the banker's cheque. This means per lot plus overheads will cast you RM665.00.

If that is not enough trouble, you have to go over to Berjaya Time Square and submit the forms before the closing date of 31 July 2012.

Given the low,low demand for BJF, sometime I do wonder what will happen when they let loose the new rights for trading?

How much will the price slump?

Or are they going to push up BJF to attract shareholders to pick up the rights?

Right now the price is just about 25 sen above the rights issue price.

Would buying excess shares be the right strategy to even the odds?

Let us see how they will distribute the excess shares if minority shareholders do not pick up their odd lot entitlements.

Pleasing the Civil Servants or kingmakers?

The election is definitely around the corner.

THE PM has just announced a half month bonus for Hari Raya ahead of Budget 2013 with a minimum payment of RM500.

Pensioners were generously  included getting a special pay-out of RM500.

Not to be outdone, the Penang State government also gave a half month bonus with a minimum pay-out of RM600.

Similarly, the Selangor government decided also to give half a month bonus with a minimum of RM500. However, they topped it up with RM200 for Muslim civil servants in their Sayang Selangor savings scheme while non-Muslims got RM200 in BSN premium saving certificates.

What a bonanza!

Have the civil servants become kingmakers?

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.