BJF-Catastrophe OR Sales or what?

Wahloi! Designer Coffee...

Yes, the board is crimson red for both BJFoods (BJF) and its Offer for Sale(OR).

From the get go, when it started off at a good 69.5 sen, it has gone down the sewage of prices touching a nadir of  56.5 en for a dunking 8.5 sen loss. Right now, it is hovering at the inconsolable bid price of 57.5 sen and 58.5 sen.

The number of  done deals is 5,076 and from the array of buyers and sellers in lot terms,there is a big seller at 59.5 sen (200 lots) and 88 lots at 0.60 sen.

Until it stops trading on 23 July, it can go both ways depending on the price of BJF.

By 24th July, get your money to buy the rights at 65 sen with the accompanying warrants.

If I am to postulate, at the ex-price for the OR at 66.5 and adding RM1 as the overnight closing price of BJF, the rights and mother shares should even out to RM1.65 for a  16 sen gain after deducting for trading overheads.

I would like to guess that the warrants should do well at 70 sen convertible price on a longer term with the inclusion of Starbucks into BJF's account. At the current price of BJF, you should stand to gain about 15 sen per warrant on conversion.

It is still 'early days' as weak holders of the OR who do not want to cough out cash for the BJF rights have sold or are lining up for the sale of the OR.

Remember day traders can manipulate if there is one sen net either way.

No Time-lah.....

Relative but true 

Mou Tak han- that was the response for ending many a conversation.

And that was Joyce's response when she does not want to prolong a conversation. By the way, Joyce is a very pretty woman and now mother of two.

Let's move back to the issue of time.

I used to have plenty of time to stand and stare. Time to go down memory lane to watch the golden movies of yesteryears.

No, not any more. Why?

My present preoccupation.

There is the usual week-end English teaching and the regular work from an office in Bangsar.

I am now also preparing for my Commissioner of Oath examinations on 18 July. Not too confident this time but may ace it is the questions are in my alley.

Then, there is that booklet to write for a corporation due in end of August.

I am also thinking of attending a a translation course and to procure a translation certificate that could open up a vista of translation business for me from the government sector.

So, no time-lah......

Kiasu Singapore Goes For Cooking

Cooking up a storm

Yes, these days, girls must learn how to cook good.

A friend just told me her grand-daughter who is schooling in Singapore got top marks in English.

However, she scored ever poorly in cooking which Singapore insists should be the innate quality of a good wife and mother.

So, for those desiring to go to Singapore to study on an ASEAN scholarship, make sure you learn as much from you mum before crossing the Causeway.

BJF-Taking Losses Honourably

Roasting or roasted?

It's one treacherous pursuit.

Hopefully, it is an unfinished journey and sweet melodies may beckon.

God knows, even those who bought low below RM1.00 per lot have to suffer the indignity of suffering from first blood losses.

A third party bought in 5,000 shares at the RM1.41 to RM1.43 before the cum period ended.

12th  July saw odd commencing prices wit the highest being 99 sen. The lowest was RM93.5 sen.

Thankfully, demand rose yesterday with the share moving almost to the adjusted fair trading price of RM1.06. It closed at RM1.04.

Cum shareholders should see the light of day when the Offer for Sale Rights (OR)letter goes atrading on 17th to 23rd July. Assuming that it fetches good prices of RM0.40 per OR or more, then 4000 shares should set RM1,600.

We also do not know the price of the warrants.

Until we know all these variables, I think  there is still a fighting chance in BJF.

A Whole Lotta Selling

Selling Wholesale

I guess the EPF, Khazanah and all those pension funds are liquidating their holdings in blue chips to hold on to their new acquisition of FGV shares.

This is actually quite a concern because liquidating  defensive stocks like TM, Digi, BAT and also banking shares may not be a wise move even though opportunities may present itself to enter these stocks again at another time. There could be a relative loss of dividends or even appreciation as Wall Street has broken its losing streak to rise sharply on Friday last.

Wanton Seller

The only interesting thing I found was that EPF is picking up YTL Corp shares

What gives?

Life is like that

So cherish life.

Enjoy your youth, courting days and family life.

Live each day as if it is your last and you will savour the best that God has given you before you leave earth once more.

So cherish and enjoy the company of loved ones before the material world spin circles around us and we reel from its treacherous impact.

Twinkle,Twinkle Little Stareit

Star Dividends!

It has hardly moved from its IPO price of  98 sen.

Today it is straddling at the RM1.07 to RM1.08 range.

This is one hospitality REIT worth looking at as it has more properties both in the country and overseas in Japan and Australia.

The latest result is reassuring to the unit holders.

This is the latest report.

Starhill Real Estate Investment Trust (Starhill REIT) has declared a final income distribution of 3.6247 sen per unit for the six-month period ended June 30 2012, amounting to RM48.0 million.

Combined with the interim dividend of 4.0112 sen per unit paid for the six months ended 31 December 2011, Starhill REIT’s total income distribution of the financial year ended 30 June 2012 stands at 7.6359 per unit, compared to 6.4855 sen per unit last year. This represents a yield of 7.2% per annum based on Starhill REIT’s 5-day volume weighted average unit price of RM1.06.

 Francis Yeoh , CEO of Pintar Projek Sdn Bhd, which is the manager of Starhill REIT, said, “The completion this financial year of the rebranding exercise to transform the Trust into a pure-play hospitality REIT marks a turning point. Starhill REIT’s property portfolio has now been fully rationalised to focus on prime, yield-accretive hotel and hospitality-related assets. This has enabled us to achieve a 32% increase in the total income distribution from the Trust to RM101.1 million, compared to RM76.5 million last year, and a 17.7% increase in the distribution per unit”.

Under the rationalisation exercise, Starhill REIT acquired the Pangkor Laut, Tanjong Jara and Cameron Highlands resorts, the Vistana chain of hotels, The Ritz-Carlton, Kuala Lumpur, the remainder of The Residences at The Ritz-Carlton, Kuala Lumpur not already owned by the Trust, as well as the Hilton Niseko in Japan, the Trust’s first international acquisition. 

Subsequently, in June 2012, Starhill REIT also entered into agreements to acquire the Sydney Harbour Marriott Hotel, Brisbane Marriott Hotel and Melbourne Marriott Hotel in Australia for a total purchase consideration of AUD415 million.

The book closure and payment dates for the final income distribution are 3 August 2012 and 28 August 2012, respectively.

Wahlau... good one, man