tag:blogger.com,1999:blog-19741162.post569855440290984899..comments2024-02-22T02:33:21.869+08:00Comments on Another Brick in the Wall: Idris Jala bullshit results, 2nd Qtr operating loss worsenA Voicehttp://www.blogger.com/profile/01780035743502972342noreply@blogger.comBlogger15125tag:blogger.com,1999:blog-19741162.post-66838366403730533862009-08-11T08:46:28.724+08:002009-08-11T08:46:28.724+08:00Let me clarify.
I mentioned LCT's name becaus...Let me clarify.<br /><br />I mentioned LCT's name because I used to work under him and for several years after his retirement and never did I see any MS trader do the hedging for MAS. MAS wrestled for over a decade with MS to close their derivatives documentation with MS.<br /><br />The reference to him was made because his name was mentioned in your post.<br /><br />That's all.LittleBirdnoreply@blogger.comtag:blogger.com,1999:blog-19741162.post-24670757596241747602009-08-09T14:03:19.944+08:002009-08-09T14:03:19.944+08:00Hey voicey,
What happened to your article on UEM ...Hey voicey,<br /><br />What happened to your article on UEM you wanted to pen down after the teh tarik with tan sri?<br /><br />Waiting in anticipation,<br />PopcornAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-19741162.post-66640514154289251572009-08-09T13:39:20.044+08:002009-08-09T13:39:20.044+08:00Little Bird
Low Chee Ting sudah pencen la.
How ...Little Bird<br /><br />Low Chee Ting sudah pencen la. <br /><br />How is he to attest what you guys are doing now. Masa dia dan Encik Shahril buat dulu, memang professionally done to involve macam-macam broker. <br /><br />Aisay cybertrooper ... how come you do not know info like this. Kantoi hang!<br /><br />So Morgan Stanley or not?A Voicehttps://www.blogger.com/profile/01780035743502972342noreply@blogger.comtag:blogger.com,1999:blog-19741162.post-55910454232131272092009-08-08T22:21:27.422+08:002009-08-08T22:21:27.422+08:00Nice one bro, and you are also right, most of the ...Nice one bro, and you are also right, most of the MSM analyst semua makan gaji buta.<br /><br />Please read<br />“Turbulence at Malaysia Airlines<br />A QUESTION OF BUSINESS WITH P. GUNASEGARAM @<br />http://thestar.com.my/columnists/story.asp?file=/2009/8/8/columnists/aquestionofbusiness/4481057&sec=aquestionofbusiness<br /><br />He mentioned that “As at Dec 31, 2008, the airline had RM4.62bil in cash, reducing by a huge RM850mil to RM3.77bil as at March 31, 2009 and by a further RM830mil to RM2.94bil as at end-June 2009. That’s a rapid rate of cash depletion of almost RM1.7bil in a mere six months.”<br /><br />I have written many times that the easiest way to determine a company’s health is by studyng their cash flow.<br />As for MAS, in 2004 MAS cash reserve was RM 2.19 billion, 2005 dropped to RM 1.18 billion, 2006 then was RM 1.58, and in 2007 a huge jump to RM 5.25 billion and in 2008 dropped again to RM 4.62 and then dropped further to RM2.94 billion after only six months.<br /><br />The big questions which the MoF should be aswering to the public are<br />a. Where did the RM 3.7 billion comes from in 2007 ?<br />b. Where did the RM 2.3 billion gone to, only 18 months since Jan 2008?<br /><br />I also agree with the editor P. Gunasegaram who thinks that sometimes accounting is an ass, much like law is more often. <br /><br />When the time is right I will hit MAS where it hurt most i.e the safety, so much so, the public will be scared to fly MAS.<br /><br />Munir, your days are numbered.<br /><br />Till next time, adios amigos !!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-19741162.post-49839190947615404292009-08-08T20:56:40.885+08:002009-08-08T20:56:40.885+08:00Hi Anon of 10:53 AM & All,
There is this arti...Hi Anon of 10:53 AM & All,<br /><br />There is this article in The Star, which explains how the accounting transactions came about under the new FRS 139. Hope this helps:<br /><br />http://thestar.com.my/columnists/story.asp?file=/2009/8/8/columnists/aquestionofbusiness/4481057&sec=A%20Question%20Of%20BusinessAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-19741162.post-50945444137658001172009-08-08T07:48:17.411+08:002009-08-08T07:48:17.411+08:00Aiya...oredi nett profit ma....why worry abt PNL d...Aiya...oredi nett profit ma....why worry abt PNL detail la....talk like cock but give no evidence...come on la. Don't give speculation....if you want detail PNL go and buy their accounting report lorrr. Touch only on the surface and speculate 99% what is inside. Good journalism ma? Malu orrrrAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-19741162.post-10075071750634792222009-08-07T16:37:57.911+08:002009-08-07T16:37:57.911+08:00Voice,
I say, he has good credentials of massagin...Voice,<br /><br />I say, he has good credentials of massaging figures in MAS. Time to venture into massage parlour business along Kuching waterfront with the help of EKUINAS.<br /><br />Nik RahmahAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-19741162.post-52181886539769871822009-08-07T16:12:42.323+08:002009-08-07T16:12:42.323+08:00Anu War hilang ...
Tolong kesan di mana dia berad...Anu War hilang ...<br /><br />Tolong kesan di mana dia berada sekarang<br /><br />berita lanjut di<br /><br />http://anwaraljuburi.blogspot.com/2009/08/anwar-hilang.htmlAnTi AljUbuRihttps://www.blogger.com/profile/08521122478662164880noreply@blogger.comtag:blogger.com,1999:blog-19741162.post-89331544990126074132009-08-07T15:44:31.707+08:002009-08-07T15:44:31.707+08:00Good job. Yes Voicey better leave politics and foc...Good job. Yes Voicey better leave politics and focus on corporate greed.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-19741162.post-28736529722778091902009-08-07T15:43:05.566+08:002009-08-07T15:43:05.566+08:00"They left it to the total discretion of Inve..."They left it to the total discretion of Investment Banker Morgan Stanley Singapore. Upon realising the mess Morgan had made, they were considering of hiring an oil futures trader, which they should have done in the first place, but he declined. The whole market have been talking about their messed up oil hedge position."<br /><br />Not sure where you got it from, but I never saw any Morgan Stanley banker involved in their hedging activities.. They do their hedging with many different counterparties and had internal analysts.. LowCT can attest to that.. Would appreciate less blaming atas angin unless you can name names, bro!LittleBirdnoreply@blogger.comtag:blogger.com,1999:blog-19741162.post-72605225753510793272009-08-07T15:10:37.345+08:002009-08-07T15:10:37.345+08:00donplaypuks
Maybe I should write less politics an...donplaypuks<br /><br />Maybe I should write less politics and target my guns on these robbers of corporate malaysia, then we can become great buddies. <br /><br />I do not have problem befriending those of different political ideologies. <br /><br />Just do not expect me to buy into their rhetorics and they get emotional when I disagree and oppose their view.A Voicehttps://www.blogger.com/profile/01780035743502972342noreply@blogger.comtag:blogger.com,1999:blog-19741162.post-53367330100249819402009-08-07T12:24:55.039+08:002009-08-07T12:24:55.039+08:00I agree that they should state the operating loss ...I agree that they should state the operating loss clearly and then show the effects of mark to market rules.<br /><br />Otw, many could be misled as to the true results. After all, the operating profit after adjusting for non-cash items like depreciation and amortisation, i.e. real cash flow, is the life-blood of any business entity.<br /><br />dppDonplaypuks®https://www.blogger.com/profile/14885751307558636916noreply@blogger.comtag:blogger.com,1999:blog-19741162.post-89243392167870918582009-08-07T11:28:52.447+08:002009-08-07T11:28:52.447+08:00Salam Voice,
Keep up the good work bro.!
Dhahran S...Salam Voice,<br />Keep up the good work bro.!<br />Dhahran SeaAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-19741162.post-16142992478195650492009-08-07T10:53:22.878+08:002009-08-07T10:53:22.878+08:00Pls if anyone can explain...
1> The MTM fuel h...Pls if anyone can explain...<br /><br />1> The MTM fuel hedge loss for 1st Qtr was few hundred million in the P&L and 3.8 billion in the balance sheet.Why is the MTM gain of Rm 1.2 billion recognised in the P&L.<br /><br />2>YTD operational losses is abt 620m...and there is still that MTM loss in BS of RM 2.6 billion>>thus the oil debacle can still cost MAS abt RM 3 billion?is that correct?<br /><br />Too complex lah but essentially shrinking capacity and dynamic pricing etc is pretty old hat.<br /><br />Listen to Azran Osman-Rani AirAsiaX CEO instead; no mumbo jumbo ..just plain talk and a very focussed game plan.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-19741162.post-85558454180578554372009-08-07T09:37:17.645+08:002009-08-07T09:37:17.645+08:00A voice,
this is what is so worrying about how th...A voice,<br /><br />this is what is so worrying about how things are presented in Malaysia. People still try to present a good picture and do it without flinching. This means people are willing to tell untruths as they think it will present them in better light. I always believe that you should tell the truth but if you are having to do that in the face of crisis or problems, then at least acknowledge those problems and that you have a plan to turn things around. You don't turn things around with creative accountingAnonymousnoreply@blogger.com