LIONDIV @0.845 ON 19/8/2008

LionDiv continue to fall to new low today after the demerger with Parkson.

If you have bought it at price above 1.50 & have not cut it early), it's scary to watch it drop non-stop to 0.845 today.
( match the drop in CI from 1500 - 1068)

I am wondering why there are so many seller at this price ?
At 0.845, Liondiv has selling at a discount of 70% against it's March'08 NTA of 2.70.

Now you have a chance to own a Biz on one of Malaysia's Major steel mill at price of 70% discount.

Is there not enough Safety of Margin ?
Have not the risk of political uncertainty fully factor in the price ?
Still want to wait for CI to hit 950 point ?

This make me recall back what has happen to LionInd in 2005-2006. A falling knife drop to 0.60 before rebound to 3.00 in early 2008.

Gerakan's MP Tan Lian Hoe : PULL OUT

Dr Koh quashes talk of Gerakan pullout move

the star 18/8/2008:

IPOH: Perak Gerakan wants the party to pull out of Barisan Nasional in view of coalition leaders adopting a political culture that garners support from only one particular communities.

About 80% of the delegates expressed that view during the Perak delegates’ conference yesterday.

Perak Gerakan Wanita chief Datuk Tan Lian Hoe, who is also national Wanita chief, said initial feedback from the delegates indicated that they were dissatisfied with Barisan leaders who used racial issues to garner support from members.

Is this an indication of GERAKAN'S MP CROSSOVER to Pakatan Rakyat ?

Will Anwar's promises realised on 16/9/2008 ?

ALL OUT TO VOTE IN PERMATANG PAUH

WE CAN NOT AFFORD EVEN TO MISS A VOTE !
IF BN NOT RECEIVING OUR MESSAGE IN 308 ELECTION,

WE MUST SENT A STRONGER MESSAGE THIS TIME IN PERMATANG PAUH

MUST GO TO VOTE, WHERE EVER YOU ARE, GIVE ANWAR A BIGGEST MAJORITY !!!!

AGM, I-CAP Bhd

I attended I-CAP's AGM for the 1st time on last Saturday(2/8/2008), the Ball Room at Sime Darby Convention Center is Big and full with few hundreds of I-cap shareowner.

The presentation by Mr. Tan Teng Boo is very informative, touch on Malaysia & World Economy, & review on the many stocks on I-cap Bhd portfolio.

I will come back again next year.