I'm Back!

I'm back finally.. to the blogging world.

It's been 4 months since I last blogged. Well, at least it's not another 7 months.

OK, I mentioned that I've bought Bjcorp and Hevea in my last post. For your information, I have sold my Hevea @ RM0.785 and earned around 15% from my cost. I could have sold it higher at 0.80++. But I was too greedy, hoping that it can hit RM1. Too bad it did not happen and now it's on down trend. As for bjcorp, I'm still holding at 15% paper gain. I'm gonna hold this until the special dividend is officially declared. Divi= RM0.045 or use the special divi to buy 2 unit ICULS of HK Cosway. I have made some calculation on the "free" ICULS and it looks promising:


every 1 unit of bjcorp share = RM0.045 special dividend
every 2 unit of bjcorp shares = right to buy 1 Cosway ICULS

the option here is you can use the special dividend to buy 1 ICULS.

example:
10000 bjcorp shares --> right to buy 5000 unit of Cosway ICULS
use all the special dividend to buy 5000 unit Cosway ICULS

the interesting part is:
you can convert the Cosway ICULS to the mother share for free. 1 ICULS = 1 Cosway. meaning you'll have 5000 unit of Cosway. Cosway is now trading at HK$0.95 = RM0.37. With 5000 of Cosway, you'll have: RM0.37 * 5000 = RM1850.

Wow you'll be getting RM1850 of free money. And the best part is only RM0.045 will deducted from bjcorp share price.

Sounds too good to be true? maybe! The special dividend is currently a proposal (since end of april 2010). Anything can change, still.

That's my opinion, and I'm not trying to influence anyone to buy bjcorp now. It's purely my view on this company.

Oh yeah, I have also quick kill on Gadang recently. Bought @ 0.85 and sold @ 0.93. Enough for 1 week of expenses.. :)