The Frozen Secret of Melody

The Golden Couple of Shaw Brothers

It must have been a painful episode in the life of songbird Jenny Tseng after the automobile accident that saw her husband dead.

Life in the fast-lane monied people must be all wine, song and roses.

http://youtu.be/RNQ_XP60s5s

That this movie-dom couple could even think of preserving Fu Sheng’s sperm in a sperm bank was just beyond the mined-sets of the local Hong-Kong folk then.

http://youtu.be/RNQ_XP60s5s

So, today on a television show, Jenny let the secret out of the bag that she has kept hidden for 25 long years. The sperm belongs to her departed Alexander Fu-sheng which was impregnated into her 4 years after his death.

For Jenny, I think she has found peace at last and for Melody, she can finally hold her head up high now that the controversy of the mysterious father has now been settled.

High Living and Frozen Sperm

 Question is, why now?

As Usual, Do you trust the IPO Authorities?

Making Your Life miserable

This is one more perspective on why Astro shares dived.

Astro Malaysia Holdings Bhd, whose share price has come under selling pressure over the past two days, saw a block of 250,000 shares crossed sharply higher than the market price on Tuesday today 23 October).

Stock market data showed the shares were transacted at RM3.05, which was 28 sen or 10.1% above Monday's closing price of RM2.77.

At midday, the pay-TV operator's share was down four sen to RM2.73. There were 47.78 million shares done.

However, the share price has fallen below the offer price over the past two day on perceived high valuations.

Star Biz reported on Tuesday Astro's sell-down could have been driven by cornerstone investors dumping shares as they were not subjected to any lock-up period.

The report quoted Aberdeen Asset Management Sdn Bhd managing director Gerald Ambrose as saying the rules for the major pay-TV operator's listing had been somewhat "perverted", allowing cornerstone investors to cash out earlier than the usual moratorium period of a few months.

"The rules have been tweaked (for this IPO). The cornerstone investors were allowed to dispose of their shares unlike in the IHH Healthcare and Gas Malaysia listings," he said.

Ambrose believed the issue of Astro not setting aside shares for retail investors as well as the high price could dampen market interest.

I am dumb-struck by Ambrose's comments.

Why should cornerstone investors sell at a loss?

Why buy the shares in the first place if you think the valuation are too rich?

Poor Amanah Saham unitholders as PNB has taken a loss of 10% now and so has the Universities Superannuation Fund!

Or were they the ones who sold at a minimalist profit to a third party to hold the "hot-brick"?

I smell a rat.

Bad, bad irresponsible authorities, whoever you may be......

Astro: No Traction,Traders win!

Sure-ah?

You must be nuts to sell your Astro shares after being the minority to get it at the IPO.

So, who are these sellers swarming around the cesspool of falling prices?

As I have speculated in an earlier post, it could be the offeror, Ananda as he has the liberty to crunch the ringgit gains as the authorities have,as usual, for reasons better known to them,gave him moolah to play. He is laughing all the way to Moolahland,thanks to Malaysia Boleh!

The rest are just maggot traders with ravenous appetite,possibly selling 'empty' to feed off weak sellers and the dying corpse of the newly listed Astro counter.

Since there is no let up of selling, as if in a torrential monsoon storm, let us sit back and watch the wayang until there is traction.

For those who bought in at RM 3.00 and below, cough out the cash and take up the stock.

Tomorrow is another day and the sun will certainly shine so says Annie.

No Country for Old Man

Woe,betide!

If you are a pensioner,and you want to buy a property at this advanced age;what are the options that are open to you in Malaysia?

First, most banks will shut the door in your face.

"Go away,no banking facilities for old folks".

Absolute no respect for silver haired, senior citizens!

If you are not yet 65, some banks may want to poke fun at you.

They offer you a loan perhaps at a lower support level and then they drive the stake through your purse and then your heart. Pay back all before your 65th birthday.

Wahloi! Macam mana?

Nasty! Nasty!

Then there is this one bank that is more longgar.

Can wan! you got guarantor...ah? Must be working one...ah...okey dokey?

Also susah, here because old folks do not have a guarantor who is also working one,lor....

So, apa macam.

Pay cash for your house or mortgage if you are already having a property.

If not, don't bother,..lah!

Alvin and The MCA President

Has a role model

In the storm of the current sex-blog controversy involving two Malaysians, one more character has been dragged into the picture.

The MCA president, no less.

Alvin Tan, the male member of the controversial blog lovers has now informed the whole wide world that the current sitting president of MCA is his role model.

What a laugh! Especially with an impending election on the horizon.

It makes one to squirm in one's chair. You may just fell off.....

What is the world coming to, padre?

Where are the Cornerstone Buyers,Mr Astro?

No let up in selling?

If you look at the trading yesterday,the pattern is that the sellers are mostly spooked retailers or possibly day traders/margin traders and short-sellers.

For the day traders, any day traders, they have taken home the booty.

No big buyers in sight really though there were a small number of  lot buyings of 1000 but far in between.

The question to be asked is where are the big players.

With such a big fall to almost 7.6% from its  IPO price, where are the cornerstone buyers of beleaguered Astro? 

Twiddling their thumbs in anguish?

Where is Permodalan Nasional Berhad,Great Eastern Life Insurance,Universities Superannuation Scheme.Standard Pacific Capital, Corston-Smith Asset Management and Nomura Asset Management? They are currently holding a huge chink of 430 million shares and losing value pretty fast at this rate.

Also, what about bumiputra trust agencies and individuals,especially those who got the portion from MITI?

Aren't they all strategising to move in to buy more?

Isn't an equalizer formula favourable now? Or are we playing limbo rock now, how low will Astro go?

They must have known something the open market doesn't?

They will buy in but I guess at a more agreeable price.

We will see how the market  performs today, to see whether they is a price traction level or a rebound.

Not Every Nation is Kind

Spurn in Canada

It rather shocking and sad that Canada has spurned Petronas’s bid to take over Progress Energy Resources Corporation. The reason for the nay is that the bid will not benefit the Canadian nation.

In spite of Petronas’s pledge to help spur Canada's nascent liquefied natural gas export industry by building an LNG export facility on the country's Pacific coast, the government was unmoved.

However, Petronas has 30 days to make an appeal to the rejection.

What I am trying to impress here is that we have squandered God-given resources in Malaysia just to take on less economical ventures in far off areas. 

I do understand President and CEO  Shamsul’s concern that it is about time that dividends to the government be capped so that development funds can be made for new acquisitions abroad as our own wells are really drying out. 

Malaysia will be a net import gasoline nation the way we we are recklessly spending in luxuriant disregard for tomorrow!

The future is somber.