Archive for October, 2009
Wednesday, October 28th, 2009
As we all know, Maxis will be listed again in Bursa Malaysia and the Maxis IPO will be Malaysia’s biggest share sale estimated at RM 11.7 billion. Not only the biggest in Malaysia but also in Southeast Asia over the passed decade.
As we all know Maxis is a telecommunication company in Malaysia and is owned by billionaire tycoon Ananda Krishnan. Hotlink is one of Maxis most successful products in Malaysia thus far. Enough about the introduction of Maxis as i am sure most of you are more verse then me on their business model.
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Posted in Equity Markets, Investments | No Comments »
Tuesday, October 27th, 2009
I got an extra 200 shares of Genting SP after applying for excess of rights issue the other day. I applied extra 1000 shares and i got 200 shares extra which is 20% of what i applied for.
After the extra 200 shares at $0.80 my total amount of shares of Genting SP has increased to 19000 shares.
My average cost now stood at :-
(18800 + 200)shares = 19000 shares
Average price the other day : $0.8296
New average price : $0.8293
Conclusion
I have now collected 19000 shares of Genting SP at the average price of $0.8293 and will be looking forward maybe to another 6000 shares if the price is right. Any of you got any extra from your excess applications?
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Posted in Equity Markets, Investments, Stock Pick | 2 Comments »
Tuesday, October 27th, 2009
I told you so. I made a post on Island Red Cafe more like a ponzi to me five months ago to warn investors of not putting money into such Multi Level Marketing (MLM) plans. It is getting more rampant in Malaysia now a days where unscrupulous people try to make easy money from naive Malaysians.
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Posted in Business News, Investments, Scam | 11 Comments »
Sunday, October 25th, 2009
A couple of months back, I invested on Scomi Marine Berhad (SCOMIMR). To be exact i bought 3000 shares of SCOMIMR at RM 0.625 on June 9th 2009.
On October 22nd, 2009 i tried to average down my SCOMIMR and ordered 4500 shares at RM 0.585 in the morning trade but sadly i only managed to get 2800 shares after the morning trading session.
Argh… Didn’t get what i wanted for SCOMIMR. Nonetheless i have increased my stake of investment in SCOMIMR.
Current stake and price :-
3000 shares + 2800 shares = 5800 shares
Average Price = (3000×0.625 + 2800×0.585)/5800
= RM 0.606
Proof of my purchase of SCOMIMR is at the below attachment :-
The prospect of oil and gas industry is still bullish and i am confident the oil price will soar again to a higher leve. SCOMIMR is basically an oil and gas company with a good company track record.
Conclusion
I am looking forward to purchasing more of SCOMIMR and this time around i will not let this baby go away again.
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Posted in Equity Markets, Investments, Stock Pick | No Comments »
Thursday, October 22nd, 2009
It has been a while since i added stocks to my portfolio and guess what? Today i made a minor mistake buying Genting SP at a wrong price.
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Posted in Equity Markets, Investments, Stock Pick | No Comments »
Thursday, October 15th, 2009
I have been doing online banking roughly around 5 to 6 years ago. At that point of time, i recommended my aunties and uncles to use online banking as it’s easier and faster way to handle some simple banking issues but they didn’t seem to take it seriously.
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Posted in Money Saving Tips | 3 Comments »
Wednesday, October 14th, 2009
Bringing your date out on a lavish dinner or buying expensive gifts is always easier said then done. Of course if your parents are multi millionaire, then i have nothing more to say. It does not mean you can’t go out on a date and being happy if you can’t spend lavishly right?
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Posted in Money Saving Tips | 2 Comments »
