Budget 2013-Gimme Gimme Good Loving!!

Santa Clauses-Every one of them!!! Chai Sen Tau!

Oh, yes.... what can we say?

Gimme Gimme  Good Loving!!

Yeah, every night....

So it was like that yesterday after Budget Speech 2013.

Absolute euphoria for many parties.

The government servants were whipped up to seventh heaven frenzy!

 Another bonus just after Hari Raya!

So it will be great months-December 2012 and January 2013 for orang gomen!

And what would I get?

BR1M ? No--lah.

RM250 for my son's who is yet to get it if he turns 21 as he is still a bujang?, Mungkin...

RM200 if my son wants to purchase a 3-G hand-phone. Also possible.

RM250 book voucher. May be so,too.........

Income tax one point favour and flavour.... no...lah passed my time...lor...

BR1M RM500  for my daughter boleh juga

RM250 for my daughter who is a bujang--mungkin juga...

50%  of KTM Kommuter---possible also.

50% Passport-just in time....

RM500 for pensioners... Ya! Wahloi...

I hope there is no inflation pain after this!!!

Penelope Cruz-Still as Dazzling!

Spanish Va Va Voom

Yes, this Spanish beauty continues to be the treasure of Spain.

Irrespective how the home  economy goes.............

Bye, bye Yeo!

Good many years here. Will it re-list?

It's time to say goodbye, Mr Yeo Hiap Seng.

Return thee to Singapore where you hail from.

Today is the last time the minority shareholders sat in conference with  YHS(M) Board of Directors.

They gave their reasons for going private which is acceptable.

Mainly it is because they do not need any cash call and can expand on their own. Moreover, they are expanding and going into higher capex which may see loans coming into the equation.

Based o n a 5-year analysis, the average price was RM1.60+. So swapping the YHS share at RM3.60 will be a great one for shareholders to exit.

They gave away 24 packets of chrysanthemum flower and lohanko drinks.

Lunch was not too good.

As usual, the AGM crowd were rushing to grab the food like the rats at my SEAPARK market....

Tut! Tut! Shame! Shame!

Digi.com-Why The Himalayas?

Going Places -This Ace

Some said somewhere in March-Digi.com is fully valued. Stay away.

Then in June or July, some investment banks has a rethink.

Digi.com is good and will go some more.

All are big, fat liars!

From the low doldrums of RM4.50 in July, it went up to sit as a higher perch of RM4.85 by late August, a good 35 sen for those who dared to go in.

Beginning this month, it started from the new base station and moved up to RM4.85-RM4.95.

Yesterday, it climbed beyond RM5.00 and ended up at RM5.12.

Today, Digi.com came out roaring pushing up to a new height of RM5.35.

Buyers were mostly retail and big retail players.

Ended at RM5.29 for a 17 sen gain

Digi closed at RM5.29 for a 17 sen gain.

On 24 September, EPF alone accumulated 4 million Digi shares. What gives?

Here are some things you need to know about Digi.com for the next few months.

OUTLOOK FOR THE SECOND HALF OF THE YEAR 

While the Company's performance has been good, it is wary of the '....rapid change in customer behaviour in adopting mobile connectivity in their everyday lives...' it said. 


On its plans for future growth of its Data business, CEO HENRIK CLAUSEN said that to-date the Company has swapped close to 2,000 sites, or 36% of its network footprint, and plans to acceleratre the swap rate in the second half of the year. Apart from modernising its network, '....we have also refreshed our retail presence with the introduction of the new DiGi Store Express concept and an online store....'. 

CASH & BANK BALANCES UP, BORROWINGS HIGHER 

The Company's Cash & Bank Balances as at Jun 30, 2012 jumped to RM1.52 bil from its Jan 1, 2012 balances of RM1.10 bil. 

Long Term Borrowings as at Jun 30, 2012 increased to RM928.2m, from RM578.0m at Jan 1, 2012 while Trade & Other Payables rose to RM1.95 bil, from RM1.92 bil as at Jan 1, 2012. 



So, what do you think is the reason for Dig.com's climb to the Himalayas?

Southern Acids Berhad-Dullard by a Stretch

Run Silent, run deep!

True, while other counters involved in palm oil oleins took flight, SAB  being the dullard, stayed put at it price  level. Out of a few hundred days of trading this year, apparently it traded less than 80 days.

So illiquid are its holdings that the company was asked at its AGM today, whether there are reasons why the trade is so thin.

Are there other possible reasons for keeping the price low?

A possible privatisation?

And what about that piece of land sitting on the border of Kota Kemuning. Is it going for a revaluation?

Even now, at the current asset base, SAB would fetch an NTA of above RM3.00?

The Chairman was also asked questions on why they are keeping their health division if their focus is on oleo-chemicals and possibly plantations. They have bought plantation in Indonesia and at Lahad Datu in Sabah. also, Are there going to put up a oleo-chemical plant in Indonesia which will cost  SAB, RM500 million?

As usual, most of the questions were deflected.

So, what do you think?

Will SAB's price be re-rated now that there is this possibility of asset revaluation or will it not take place so that their price can be kept low for a privatisation move?

Your guess is as bad or as good as mine.

Door price-quite a fancy China mug (Body count basis), a full RM510 superior medical  checkup package at Sinar Kota Medical Center and a sumptuous international buffet lunch at the Grand Dorsett's Coffee House in Subang Jaya.

Game of Shadows-Romanticising Holmes

Lovely Rendition

It has been a long while since I sat through a movie.

This is one of them that captivates.

Sherlock Holmes-The Game of Shadows.

The movie has a great dialogue script as well as enough action to sustain the cat and mouse adventure of Holmes and Professor Moriarty, his nemesis.

Great music score and fun throughout.

I would recommend it for tired minds.

Urgent Need of Reinsurance-MNRB

They Need Reinsurance at the AGM today!

I speak in jest for this is one company that is going places.

I think there was one year that they did not give out dividends and its share price tumbled.

Even now, in spite of giving 17% gross dividend this year and 20% last year, share price of the counter is still in the doldrums.

Anyway, I just wanted to describe the big hoo-ha that took place at noon at the MNRB Building when Symphony House was trying to register shareholders and proxies for their 3 pm AGM.

I was told they got ready early but because they did not start the registration process as well, the crowd because too dense and someone, in the melee, stepped on the computer wires, tripped and dislodged the connection and the whole registration process went kaput!

The tense situation was to drag on until 2.20 pm, 40 minutes to AGM time.

Then they brought out the food and the hungry crowd just could not contain their hunger and their ire. So, they make a bee-line to the food tables and eat as well as 'tapau' to the heart's content.

Finally, they got the registration going with pushing and shoving until even the computer tables rocked!

A MNRB staff had to use a hailer to quell the anger of the maddening crowd that refused to line-up but to rush in all directions towards the Symphony House officers.

I knew a few senior citizens just could not take it. In super-hyperventilation mode, they just sat down, have their mee-hoon, telling me they will register when the crowd become more sober.

They gave away RM50 Aeon shopping voucher to shareholders and proxies as well as a nice-looking thermos flask each.

What a day!