The Gambit-YTL Power Warrants

Fair Distribution?

Did we play to lose in subscribing for the 20 sen YTLP warrants(YTLPW)?

I subscribed plenty and came out absolutely below average.

End result-I procured only 4.5 %.

Let us look at the gambit.

In chess, it means sacrificing some pieces to gain an advantage.

So my gambit consisted of the following:

4 bank-drafts at RM 5 each to total RM 20.00.

Revenue stamps-RM 20.00

Bus-fare of RM 1.90 to Tricor at the Gardens North Tower

As such gambit cost amounts to RM 41.90.

Power Failure

Now, let us look at the returns.

My son only got 400 units-very poor returns.

Sold at RM 0.42 sen and netted RM 138.94 after deducting overheads of RM 29.06.

Subscription was RM 80.00. Revenue Stamp took RM 10 and 2 bank drafts at RM 10.00

As such, net returns is RM 138.94 - RM 100.

So, the slim gain was RM 38.94.

Puny Returns

Compared to the gambit of  RM 20.00, actual returns for the risk taking is a return of 94.7%.

Now for my incursion.

Got 2,300 units. sold all at RM 0.42. Net returns of RM 936.71 after overheads of RM 29.29.

Subscription was RM 460.00. Revenue Stamp took RM 10 and 2 bank drafts at RM 10.00 and transportation of RM 1.90. This totals up to  RM 481.90.

So deducting for gambits, net return is RM 936.71-RM 481.90=RM 454.81

This may sound not too bad.

Return to gambit of RM 21.90, will be more than 2,200%

Between my son and me, we netted  RM 493.75.

Not even RM 500.00!

Good deal in percentage terms; but in absolute gains, puny!

So much for trying to play pucks with the market!

The Deserting Diners at the MCA Kulai Dinner

A Majestic Walk out in a Captive State?

Just like the dinner held recently in Kulai, I attended a free dinner in SEAPARK, Petaling Jaya about a few months back.

It was in conjunction with the Chang or Chinese dumpling festival.  It was certainly sponsored as I did not have to pay. All members of my family had a hearty dinner of about 8 courses.

There was no walk-out in the sense that occurred in Kulai. People left on three occasions during the dinner.

Once was when the dumplings were distributed and many brought them home.

The second time was when the electricity went out, an ominous and foreboding sign. So, without the whirring fans above, many more went home to escape the searing Malaysian heat.

The last was after all the dishes had been served. No one had any reason to stay behind. Would you?

The most incredulous thing was the people at most tables were talking when the MCA President was giving his speech. Nobody cared for the tirades of this de facto has-been, beyond-the-shelf-life office bearer. 

Some ladies were also whispering and giggling about his famous hotel escapade caught on DVD.

So, it is no wonder when 3,000 guests purportedly left the dinner when Soi Lek was giving his speech. Again, no surprise when not all tables were full. It happened in our SEAPARK function as well.

For the bastion state of MCA, the writings are on the wall in Johore. 

Running dog days may just be on the home stretch as MCA stumbles and fell at the 13^th GE.

Many could not see another more fitting ending for MCA but for it to fell to the abyss that it will never recover ever. 

One-time Keeper of the Ring

Soi Lek is no White Gandalf!  The  PR balrogs will get all its candidates.

One ring to conquer them all.

That has always been with a senior partner of the BN all along. 

Real BN power

Even puny parties from Sabah and Sarawak had a better deal in BN just like Gollum with his Precious!

PS:

He now blames China Press for highlighting the episode of the  exodus of the dinner guests, citing that they were leaving early to beat the traffic.

Bad Food, Broken Trust

Broken trust!

It was one of the worst traffic snarl in a long while.

I was caught for almost an hour and the toll plaza at the Kerinchi Link.

Traffic was hardly moving on the Federal highway though we almost caught a breeze on the Cheras road leading to Bandar Sri Permaisuri, even as the traffic caught up with us on the approach road to the new township.

As it was impossible to drive back in the glacier like traffic, we stopped at this Malay restaurant to have a bite. We thought we passed it a while ago and it was serving  kampung fried rice with that aromatic salt fish flavour.

Sorry, no such dish. Imagine that!

So we ordered an ikan pari, so-called Portuguese style which was at best, insipid without the sambal and the local salad.

I could tolerate the Mee Bandung.

The chicken goreng  rempah was so miserable; you just wanna laugh or on second thoughts, cry! It was so scawnnily small.

The fruit drinks we ordered, mango and star-fruit were okay.

Cost me RM 31.00.

Verdict- lousy.

Tears won't help here!

No need for apologies!!

Never darken their doorways again!

Bandar Sri Permaisuri Cheras

Interesting township

I never knew this township existed until I brought my daughter to work there.

This is a perfect Malay town with the majority of businesses run by bumiputras.

The roads are really cramped out with residents parking on both sides of the road. So be careful as you may just bump into one of these parked vehicles.

The town has a life of its own as the residents there could have the threshold spending power to support these restaurants.

So far, we have eaten at the Bistro, Kayu and the sole Chinese coffee-shop.

Food is not cheap here and yet we see them crowded in the evenings.

Except for some illegal cyber-cafes, there is no entertainment in this township.

When it rains, the Cheras Highway may be jammed and you may find it difficult to get in or out of the township.

Duped into Gold Trading?

When will Bank Negara give us a Solution?

Why would they take out their hard-earned savings and gave it to some sharp dressed man or woman who actually gives them back their own money, little by little?

On just a concept such as hiba which actually meant gift, these gullible people are suckered in.

Now they are at a loss as the authorities, as usual act to late, so much so more victims had been led into the trap.

Victims of Bestino demonstrate outside PM's Department

What are the chances that they will get back  their money since most of these companies operate ponzi-like scheme?

I fear for them unless the government  bails out all these so called investors 

Fall from Grace?

Old Cows Returning to Roost?

The number of controversies coming out of the woodwork is calamitous!

Like an ever-returning ghost, it continues to haunt.

No Safety-Net?

Tell no lies. then you need cover none.

For the ruling party, there is no stopping the kind of so-called 'grave' issues that keep on coming to the fore.

When old issues remain unresolved, new ones are just spurting like ink all over the place like an octopus on heat.

The latest one on the Dolomite Condominium project near the heritage-protected area of Batu Caves is quickly becoming an embarrassment even though the other hot issues like the RM 40 million mysterious donation to UMNO Sabah  and the Genneva Gold Investment Scheme has not seen any possible resolution in sight,whatever the authorities like Bank Negara may or may not say.

BN will lose the the support of the  returning Indian supporters if no quick satisfactory answer are found for  the Batu Cave Condominium. Similarly the urban middle class trapped by Genneva and the other gold selling scams may in abject disgruntlement, vote against the ruling government.

I think PM Najib is having one tough time now when he needs to call the general election any time soon.

Heavy Falling Out?

Especially so when the other BN parties like MCA, MIC,SUPP and Gerakan is likely to fade away permanently  from the political limelight of the Garden of Eden after the 13th GE. It's one heavy falling out............

Is 'Falling' the name of the game now?

Sylockian Attitude Rules the Roost

Will Never have the old Man's Stature

He is not his father, that is for sure.

His attitude? Not even friendly to minority share-holders.

Where his father is benevolent to the old and aged that attends the Group company's AGMs, he stands apart.

Like that terse scion from Genting, the power has gone to the upper end of the human body of this corporate newbie as well.

While it may have not been apparent in the case of BJ Media, where door gifts were the same for all shareholders, the practice departed with BJ Sports Toto. It continued with BJLand.

A shareholder with 99 shares will get a lousy door - gift of inferior value.

Today, the door gifts for BJ Corp was really stratified. Like the social classes of human society. It has become an art for these new corporate gung-hos.

Hey, a shareholder is a shareholder; whether he attends personally or by proxy!

He has equal rights and privileges.

However, not these Berjaya people- me no unnerstand---lor.....

So, they play King-kong.

If you have 1000 units, you get the best door-gift deal. You get  RM 20 KRR, RM 20 Starbucks,RM 10 Krispy Kreme and also a food voucher to dine at the Coffee-house or Chinese Restaurant; and before I forget, also a recyclable canvas bag!

For 100 units and above, you get a better value pack. All the food vouchers but no bag.

Woe betide those with less than 100 units. They only get RM 20.00 of KRR.

Stupid policy; and also no more hotel stay. Aiyayah! kalawoleh!

What a bird!

While it was a joy to own Berjaya shares in the past,  today they are down in the dumps.

For instance:

BJ Toto was about RM5.40. Today it is RM4.30

BJLand was about RM 1.10. Today it is 89 sen

BJMedia was about 70 sen. Now it is 40 sen.

Berjaya Assets was RM 1.10. Now it is 89 sen as well

BJ Corp was RM 1.30. Now it is 60 sen!

Cry Cry Cry!

Berjaya counters tak boleh pakai!

Woit! Birdie-birdie Num Num! Apa macam?