Equaliser,Re-equaliser and Stabiliser

Looking for God

Just a train of thoughts.

The world is unkind.

So, we seek an equaliser to ensure there is justice for us.

We seek God.

We then find peace.

Satanic reversal?

Once that takes place, the dark forces will play the  re-equaliser  role to put us back to square one so you will suffer again. You called these adverse forces, challenges.

Ending it all for peace?

So, you pray again for a stabiliser.

So, will God triumph over Evil?

Ponder in faith.

My Failed Investments; Hopefully So Far

Poor Reading?

It is not that you have read the signals wrong.

They were generally right.

Timing was important.

Then there were the authorities who screw us up plenty. Particularly too rich valuation for IPOs.

Politics also overshadowed the potential of shares.

To date, these constitute my bad investments.

Astro

-screwed royally by the authorities who allowed cornerstone to sell on Day 1 and over-rich valuation to please the owner-seller. Loss from IPO and buying in the market.

UOA Development

Over-rich valuation. loss from IPO.

Adventa

Lost because of a fire in the factory.

Berjaya Land

Mainly because of politics as they could not develop the new Racing Complex in Sepang.

Bumi Armada

Over-rich valuation allowed by the authorities

Eita

No market support

Genting

Bad investment in the USA and fined in Singapore

JAKS

Politics mainly

KUB

Political counter turned sour.

Maybulk

Poor shipping industry

Pentamaster

My mistake

Proton

Bought too high

Rexit

Listened to too much market rumour

TH Heavy Engineering

Speculative counter which is not performing

Petron

Bought too high

KPS

Victim of politics

UNICO-DESA - Is It worth a Gambit?

Good or Bad Issue? Timing is Important

Unico-Desa Plantations is offering current shareholders a distribution in specie of 1 share of ELK-Desa  Resources Bhd (ELKD) for every one Unico-Desa shares held on 19 November 2012.

To ensure your entitlement, you have to buy this share before 13 November as it exed all on 14 November.

Also there will be an offer for sale on a pro-rata basis of ELKD. 

So if you have 1,000 units then you will get a rights of another 1000 units of ELKD.

A Commodity Going Down in Price

Let's do our maths.

The current price is RM 1.28. So you have to pay RM 1,280.00 + RM 31.00 to purchase 1,000 units from the market. This works out to RM 1,311.00.

But you get 100 units of free ELKD shares in specie out of the distribution  exercise.

I would not know how much the price of Unico-Desa will go down because of this distribution of the new ELKD shares.

But we know the value of ELKD is RM 116.00

So, a possibility will be Unico-Desa shares will readjust downwards to RM 1.16

So, in real terms, there is a compensation of 100 units of ELKD for the loss of  12 sen from the price of Unico-Desa.

No gain and no loss.

So, Unico's price will re-adjust downwards  to RM 1.17 - RM 1.18 after it goes ex.

Next you buy each unit of ELKD for RM 1.16.

You do not know whether there will be a premium  with this bad market after that bad Astro listing and the current poor oil palm commodity prices.

Fruiting or Rotting Fruits?

If I read it right,there is no premium to be got.

You may even get a better price by buying its option papers or when it goes into 'dip mode' with the deluge of  ELKD shares when it lists.

Verdict: No go!

AES-MCA gets Friendly Fire

Benefiting RM 16 from each summon!

Against the onslaught by the PR Opposition against the AES that it was a rip-off of the first order to rob motorists blind, even UMNO  members are are slowly breaking ranks to ask for the deferment and review of the Automatic Enforcement System (AES).

Rationality Reigns

Khairy Jamaluddin, the UMNO Youth leader is blatantly clear on his stand while Bung Mokhtar Radin has his reasons, citing the looming elections may pit the voters against the BN.

Right this time;Wrong Reason

To make matters worse, Mahfoz Omar of PAS has arrayed more than 100 lawyers to fight for any members of the public who refuses to pay the fines.

Today, Kong even refused to answer question on AES in Parliament, dumbfounding the Opposition MPs.

Aisay! Trapped by his own AES

Looks like MCA is slowly going into attrition mode and will implode shortly.

What will PM Najib do now?

EPF-Is There a BSKL Ruling to Fine it for Churning?

Churning daily to hoodwink?

Company directors of PLCs get fined and reprimanded.

What about the EPF?

It is buying and selling almost always the same counters.

This is definitely churning and trying to create the impression that there is so much volume on the BSKL on some counters.

What I noticed lately is there are a lot of EPF action on Digi.com and YTL Corp.

I think this is very unethical of a large state-owned pension fund to be involved in this.

Already BSKL and the Securities Commission has its shameful closet of ghouls from the indefensible E&O-Sime Darby deal to the  unsupportable listing of Astro that screwed up the investing public's confidence both at home and abroad  by its ridiculously over-rich valuation and allowing cornerstone investors to exit.

The EPF must have someone to direct their buyers to buy certain stocks and not to sell them within the same period.

There must be ORDER in EPF!

It is understandable for the same EPF buyers to trade to make arbitrage profits but certainly downright wrong for some of  EPF buyers to buy and other EPF buyers to sell at the same time. This is churning!

Where is the Commander-in-Chief at EPF?

Apa buat? - twiddling your thumbs?

BSKL-have a re-look at your rules and ensure EPF does not trade against the law to hoodwink innocent investors!

RCE RCPS-Doggone!

And so it came to passed.

There is a principle in law. The thing speaks for itself.

As such there is no need for witness or evidence.

 Open and shut case.

The Hainanese has a word  for a good for nothing or rotten person.

kalawoleh

It is called Phooi Bhoot!

The Hokkien has a word version referring similarly to such person as chau chua!

dead dreams

The RCE RCPS is really chau chua!

I will murder... take my revenge?

All sellers and no buyers.

Gelak ketawa!

Such is the RCE exercise in irrelevance.

Stupid Arab Bank?

The winner is Hong Leong Investment Bank  with RM1.2 million for professional advice and POS Malaysia with fat postage stamps revenue in the bank.

Send some more-lah!

And the losers are shareholders and the forest which had to be fell to make paper for the useless RCPs to be printed.

Nothing good came out of the exercise.

A lost Cause...these RCPs!

It is best for Azman to buy it all up!

Murphy during Halloween

A lurking pipsqueak is around

When time is tight and you have to fill petrol in the morning before work, who would you possibly meet?

Yes, that's right, during the season of Halloween, Murphy comes a-calling at the petrol pump.

Got into my regular Esso station to fill my tank and found that it was closed.

Then, quickly drove to the nearest Esso station in the vicinity.

Murphy in action

What do you know-nasty mischievous Murphy was there too!

The pump refused my credit card and so I had to go into the station office to get my payments done up-front.

Crazy morning, don't you think?