Chicken and Duck Talk

Chicken and Duck Talk

One of the best Chinese humorous movies ever is the famous and successful award-winning film called : Chicken and Duck Talk. A 1988 film co-written by Michael Hui who also starred together with his two brothers Sam Hui and the late Ricky Hui, the film is about the conflict that ensues between the proprietor of a BBQ duck restaurant that is in trouble for health violations and the fast food chicken restaurant that opens across the street.

Chicken and Duck Talk movie was the highest-grossing Hong Kong film released in 1988. Even until today, when the tv station reruns the shows, I bet that the show would continue to bring out the laughter from the living rooms for hours.

Why is the movie called Chicken and Duck Talk? It is a Chinese idiom for people not understanding each other.

Recently Kassim had a very embarrassing moment when a  Chicken and Duck Talk situation happened. Kassim was putting 10 oranges (each 39 sen) into a white plastic sheet (during that moment, my mind must be somewhere else, maybe thinking of which stock to study) at a hypermarket. When I approached the hypermarket's assistant, I showed him my ten fingers (to tell him that there were 10 oranges). However he sticked a price tag of RM4.29 on my package, I thought he had mistaken my oranges as of different type, hence the different price instead of RM3.90. The assistant is a Bangladesh and his accent (must be Bangla-Melayu combination) was obviously not understood by me.

I explained to him in simple Bahasa Malaysia language that there were 10 oranges and the price should be RM3.90. I even used my finger to draw the figure 10 x 39 sen while he was trying to explain something that I could not understand.

In the end, he teared up the plastic and counted the oranges for me. There were 11 oranges! How embarrassing for me at that moment as there was a long queue of people behind me looking at me! They must have thought that Kassim was trying to "cheat" 1 orange!

It was obviously right from the start that he was trying to tell me that I had packed in 11 oranges (unfortunately I could not understand) instead of 10 oranges.

Such embarrassing situation would not have happened if in the first place, I had carefully counted the oranges number to be correct! Also, if only the assistant had been someone who could speak simple clear language or dialect that I would understand that I had packed in 11 oranges instead of 10.

See, this is the consequence of a Chicken and Duck Talk situation.

I had decided to open my blog this time with some  entertaining happenings instead of shooting straight at stock market. The point is .... life is not about stock market every day and nite. Ha ha ..

Well, I am sure embarrassing situations happen to almost everyone sometimes here and there to us. Do you have one to share with? If you have one and would like to share, please email to me.

The Sixth Sense

"Sixth sense, or subtle perception ability, is our ability to perceive the subtle-dimension or the unseen world of angels, ghosts, Heaven (Swarga), etc. It also includes our ability to understand the subtle cause and effect relationship behind many events, which is beyond the understanding of the intellect. Extrasensory perception (ESP), clairvoyance, premonition, intuition are synonymous with sixth sense or subtle perception ability." This is what I gathered after a google search.

Do you know of anyone with a sixth sense? I doubt if that anyone would want to let us know that he/she has that sixth sense. That person would rather use it to his/her own benefits. In fact, it would be very dangerous to let others know of your sixth sense ability. You could be kidnapped by some bad guys and forced to use your sixth sense for their benefits.

But I do know that sixth sense seems to prevail in Bursa Malaysia, sometimes with sharp accuracy. Take for example, the current rather hot stock Tek Seng Holdings Berhad. Normally a very quiet stock with thin trading volume, Tek Seng has seen its trading volume increasing by leaps and bound since the early weeks of August.

In my previous blog, I pondered why the sudden massive interest for Tek Seng shares. I believed my pondering question was answered when on Aug 22, Tek Seng announced a profit of earnings per share of 4.1 sen! Incidentally,  Tek Seng closed at 50.5 sen on heavy volume of 10,200,400 shares on that day.

The good result propelled Tek Seng to close even higher at 62.5 sen in the next trading day on Aug 25 with a even higher volume of 32,470,600 shares.

Since then, Tek Seng has settled to close at 58.5 sen on Aug 29.

Those investors who bought Tek Seng shares before the results were released on Aug 22 must have known something about it. Otherwise, how could one explain the massive trading volume. Perhaps, some of them possessed the "sixth sense".

 Buying shares of Delloyd Ventures Berhad

A recent article in Kinibiz in the Tiger Talk page commented about the revised offer for Delloyd Ventures Berhad for minority shareholders. The offerer, obviously fearing that the earlier offered RM4.80 per share was not going to entice the minority shareholders enough, quickly upped the offer price by 40 sen per share to RM5.20 per share.

It is very clear that the major controlling shareholders must have realised that  Delloyd owns some assets that are potentially worth far, far beyond the current book values. If benchmarked against recent transacted prices of its land according to the National Property Information Centre (Bapic), a unit of the Ministry of Finance, its two assets would be worth nearly RM2.1 billion!

According to Tiger's very simple analysis, that is RM764.8 million to be distributed across about 35.18 million shares. In other words, about RM21 per share!

Even the Minority Shareholders Watchdog Group (MSWG) are of the view that the revalued assets of Delloyd could fetch higher value than its current book value.

Recent privatisation exercises were all not smooth sailing for its offerers. Take the recent classic case of MISC which were not successful. The minorities were vindicated in the end! The share price of MISC has since then surged to higher price than the offered price!

Kassim is of the opinion that those with spare money (to be able to park for several years and including forgoing the potential interest rates if kept inside the bank) would have a greater chance of reward if they dare to buy some Delloyd shares and keep it.

Sharing your opinion must also be backed with your own action. Otherwise, people may also ask you back that since you say it is good, why are you not buying it?

Hence, Kassim bought 2,000 shares of Delloyd on Aug 19, 2014 at RM4.95. Together with the broking and stamp duty plus clearing fee, the amount totalled RM9,972.37.

At the time of posting this blog on Aug 29, Delloyd share price closed at RM4.95, mostly trading between RM4.91 and RM4.96 since my purchase. This proved that Kassim did not have the "sixth sense" ability like most of us although the majority of my investments have been rather very profitable!

Kassim urges all minorities shareholders of Delloyd to stand firm and not to give in. When we are united, the major shareholders/offerers will be forced to eventually offer us an even higher price.

Who is with me?

By the way, Selamat Merdeka Day to all Malaysians!