BJFoods Brought in the Goodies

Good Reason to Celebrate

My prediction was spot on.

However, lack of cash made me dispose of all my holdings as well as my rights offers.

Let us compute what a shareholder with 10 lots of BJ Food stand to gain from the entire exercise of hardly a month.

Assuming you bought the 10 lots at RM1.20. This means you have coughed out about RM12,040.

The rights you would be offered will be on a 4 for 5 basis. That means they will offer you 8 lots of the new rights with an equivalent number of warrants.

You need to pony up RM6,515 for the rights. that includes RM10 revenue stamp as well as about RM5 for your bank draft.

Assumed you sold all your 10 lots of mother shares at 95 sen after it ex-rights offer. That will bring you returns of RM9,450. You therefore take outright  loss of RM 2,590.

Now to the new trading scenario.

BJFoods has now gone ex- and has touched a high of RM1.24. The warrants was well traded until 60sen.

Assuming you have sold all your BJFoods new rights at RM1.20; then you would have taken in RM9,600 gross. Let's assume you have also relinquish the warrants at 60 sen each. This will add to RM4,800. Total takings will be RM14,400. After deducting for RM 6,515 for the rights issue and a loss of RM 2,590, you would have a clean profit of RM5,295.

Imagine a return of 81% all within a month!

Great stock, don't you think so?

Pity I can only calculate my loss.

Next to watch will be YTL Power Warrants.

I do hope my investment and  trading strategy will be okay this time around.

As they all say, you have Vision 20 20 mostly on hindsight!

Bad Pa,Bad Ma, Mad Parents

The World Upside Down

Puff the Magic Baby

Licence to Pee

Dangerously Delicious!

Bad Mama Duckie!

Yes these photos are testimony of bad parenting. Shame on you, especially you, Bad Mama Duckie!

Steve Jobs Depart His Way

The apple departs

Steve is not Julius but he overcame and made his mark bringing productivity to the world.

We salute you, Stevie even though you maybe in iHeaven.

A Cloudy GPS Day

We were on the way to the EIG AGM.

It rained and the day was pretty cloudy.

As we got out from the NKVE, we headed towards Bukit Jelutong.

And then the GPS went cuckoo.

Bad Scout When it is Cloudy

It routed us to all places but the destination.

Soon we were misled out back onto the highway to pay toll once more but this time heading towards Setia Alam and Ecopark.

Going back would be disastrous what with the piling traffic jam. So, we hightailed for home after making a detour.

A GPS is just not good when it is cloudy.

Maybe it may rain meatball if we are luckier.

BJFoods-Buyers have gone Bonkers

Coffee Rewards for the Die-hard Holders

Just when you think that it is time to leave BJFood, when screaming buyers descended like buzzards to pick up what every seller had to sell. It was a feeding frenzy until the afternoon session.

Then when the amok buying quelled, prices on BJF and its warrants came down to more decent levels.

On a huge volume of 980,600, BJF tacked on 11 sen to close at RM1.16. The warrants similarly was up at 58 sen, gaining 10.5 sen with a volume of  1,054,300.

So, it looks like all my predictions have come true after I have dumped my rights offer.

Jeez! What a crying shame.

Two Days Stint in Rapporteuring

Note scribbler

Well, in the midst of the hassle to do one grant application and also to keep step with a dateline of my current white paper writing job, I have to step out of this loop to do a spate of rapporteuring at a technology colloquium at The Mines. It will be for one and a half day scribbling away and looking for facts after chucking away the gibberish spewed forth by both nonsensical pseudo speakers as well as ego-driven participants.

Fortunately for me, as the days passed by, information on the grant application proves elusive and I can see a shift of the dateline by another week. Hopefully, the inputs submitted will be good for use.

As for the white paper writing job, it is truly overwhelming what with trying to grasp the subject and to use  the synthesis in the writing.

I do hope that they will consider a dateline flexibility especially for the first milestone.

In the meantime, another project is appearing on the horizon. It is an institution review paper and will likely take me up to New Year's day 2013, if we can get the job at the price we are pitching.

Lord, when it rains it really floods .

Amen.

Humour and Jest-A Rather Blunt Message

Blunt language but I think the message is true! Sure,she can make the rules!

Even chicken do joke sometimes. To stay alive!

And here again we have a strange sight. Are your eyes playing games with you?

Field of sheep?