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Who really made money from the RM 625.00/car subsidy pay out? |
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General Discussion
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Written by Leremy
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Wednesday, 18 June 2008 |
I found this article from here.
Recently, Government announced that the pay out subsidy for private cars below 2000cc, SUVs below 2500cc and motorcycles below 250cc be made on cash, via all the post offices in the country.
RM billions have been put aside for this exercise, meant to alleviate the burden of the much thought to be a ‘Flip-Flop’ decision of the exorbitant increase in retail price of petrol and diesel two weeks ago. The exercise was said to be decided by the ‘Cabinet technocrats’ Second Finance Minister Tan Sri Nor Mohamed Yackop, Minister in the PM’s Department (in charge of EPU) Dato’ Amirsham Aziz and Agriculture and Agrobase Industry Minister Dato’ Mustapha Mohamad (from his NEAC experience), in a discussion meant to address the issue of IPPs and the affect on electricity tariffs. Eventually, someone proposed to unlift all subsidies on retail petrol and diesel eventually and pushed for PM ‘Flip-Flop’ Dato’ Seri Abdullah Ahmad Badawi to announce hastily.
Maybe the public is not aware who are the shareholders of Pos Malaysia Services Holdings Bhd., the wholly own parent company of Pos Malaysia which has been given the authority and funds to channel these monies.
As of two years ago, pre-merger with ECM Libra, Avenue Capital Resources Bhd. owns 15.6% of Pos Malaysia Services Holdings Bhd. When the merger was successfully announced August 2006, which received approval of all the authorities (despite the attention drawn to the highly dodgy deal of ECM Libra merging with a much bigger firm and eventually took control), it was still believed that presently, ECM Libra still has the strategic 15.6% holdings of Pos Malaysia Services Holdings Bhd.
So who actually benefitted from this subsidy payout scheme?
If the amount is in the neighbourhood of RM 1 billion, then long term deposit with a commercial bank, Pos Malaysia or indirectly, ECM Libra would have made RM 39 million per annum or RM 106, 849.32 daily.
That is not including the management or services fee that Pos Malaysia charges the Government for this service. If the charge is just 1.0% of the amount, it means Pos Malaysia would have made RM 50 million per annum free income without incurring significant operations cost. If the pay out amount for the year is in multiples of RM 1 billion, then the profits will be realised will be on the same proportion.
That is definitely a great business model for the owners of ECM Libra, which include Riong Kali and Khairy Jamaluddin, two of PM ‘Flip-Flop’ Abdullah’s closest advisers!
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Don’t buy somebody’s problem |
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Stock Market
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Written by Ben
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Tuesday, 10 June 2008 |
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A company with high gearing and no earnings and still in the red is
somebody’s problem. Don’t make the mistake of making that problem
yours. One
big advantage a retailer has is that he can pick and choose. If
somebody ask you to join him in a business venture, you will have many
questions to ask, such as: what is the business about; how profitable
is it; who is managing it; who are its competitors, what are its
concern; what are its prospective earnings and so on and so forth. When
you buy a stock, did you ask yourself all these questions or did you
buy just on a tip? Amateurs, especially beginners are mostly
consensus-takers. They will go around asking people what to buy. They
will then buy what the majority agrees is a good buy. These people are
going to lose get their pockets cut off, for soon they will find their
money gone and that the majority is usually wrong. The
best advice I can give you is to do your own research. If you don’t
have the time or the interest, better put your money in trust and not
your trust in money.
Happy investing.
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Stock Market
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Written by Ben
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Wednesday, 28 May 2008 |
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A wily manipulator looks for a stock to play. A penny stock, ignored by the general public, with a small free float and no institutional following is a good candidate. Firstly, he will acquire most, if not all, of the free floats of the stock. Then he will play
up the stock by buying and selling his own shares using several
different names. He will spread rumors by posting in all the forums
available to him that the stock has landed or about to land big big
contracts which will make it a super stock. He will say that the stock
will be in great demand and will definitely be “goreng” up to RM2 when
it is being traded at 20c. Because he has cornered all the free floats, he can easily push up the price and create a false market for the stock. When
the stock is boiling with demands, mug punters and especially beginners
rush in to buy and buy. The unscrupulous manipulator then slowly and
quietly unloads his holdings. After he has done that, the stock soon
drops. Everyone scrambles for the exit. The price drops very fast and
before long it goes back to where it comes from. The above tactic is an illegal offence, and may land the manipulator in jail if caught. But that is a different story.
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Beware of false breakouts (bull traps) |
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Stock Market
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Written by Ben
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Friday, 16 May 2008 |
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With broker firms making available chart services,
more and more people have come to know about charts. To have some
knowledge about charts is easy. To be proficient in chart
interpretation is indeed extremely difficult. Professionals
know that a great majority of people now depend on charts to time their
purchases and sales. So they will do what is necessary for their own
benefits. Let’s say a
professional trader has a big block of shares to unload and the market
is in equilibrium (buying and selling in balance). How can he unload
his shares without disturbing the price? The only way to do it is to
sell into strength. So he waits for the stock to test it resistance in
a high level. With some well-timed purchases, he pushes the share price
above its resistance. This causes a false breakout. Conditional buy
orders are triggered. People become excited and
join in the buying creating great demands for the stock. The
professional then releases his holdings. Other professionals short the
market and soon the stock is back to square one. Buying on breakouts was profitable in the early days. Now you have to be very careful indeed. You must be witty to survive. Good luck.
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List of Politician's Blog in Malaysia |
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Miscellaneous
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Written by Leremy
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Thursday, 08 May 2008 |
Hello guys,
I have just created a new website at www.lokaloka.net. I have listed a majority of Malaysia politician's blog there and you may be interested to take a look.
If you simply glance through the list, the oppositions seems to have a lot more blogs compared to Barisan Nasional. I have did some research in the last two days, and most of the Barisan Nasional sites are website, but not blog; so I have not listed them there.
I hope that the list will continue to grow in the future with the help of Malaysian netizens.
Until then. Please visit the site and drop a "Hello" there ;)
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