June update

Continue to remain X busy.

Personal -
1) had to settle my mom's maid (the first one did not want to come last minute, the 2nd Myammese failed the English test 3 times, finally settled on a transfer maid) - Wk2 Tuesday Eve

2) had to settle my Dad's car which gave alot of trouble of late. The power steering hardened and was spoilt, and had to be changed $1100 , many pipes have to be changed as they were leaking oil , timer belt (400) , workmanship (400), altogether ard 3000. The mechanic from Hock Hwa suggested taking out the engine to repair it. And the total bill went up to $4000

3) had to settle my son's parental volunteer in Kong Hwa School. It is extremely competitve now adays with even doing a PV, u need to go for interview. (30 applicants out of 100). After not qualifying for the interview, we had to find many other ways to get inside.


Business -
1) In the process of closing up ASE.
- Changed the ACRA shareholding structure, submitted Estamp (Share Transfer). (Wk1Fri leave)
- Sat AM went to the bank with my Dad, but was told I needed the Company Stamp, Board Resolution (2 sign to close the bank acc), meanwhile got the forms signed and changed signature
- (had to go all the way to my Uncle's house to get the signature for the board resolution (Wk2 Tues Eve)
- Closed the bank account (Wk2 Wed AM leave)
- In the process of setting up the Bank Dividend template
- Next strike off the Company
I can really be a part time corporate secretary

2) Innom
Still wasting lots of time on it.
Wk 1 took 3 half day leave to cover N went he went for KL Business trip
Wk 2 had to struggle the whole week to get the pricelist of rods updated, took WK2 Mon AM leave & Wed AM leave
Next have to get the Plunger Questionaire done
Next FY closing and getting in a sec

Property - after trying to hold garage sale a few weeks, I started to advertise and sell the property. Times are not too good and there were little offers. Will update in another month.

Share -
1) Actually bought some Camdemco as I felt the Uranium crisis was overdone, but cut loss the following Monday when Merkel came out to announce phasing out of Nuclear plants. Was actually very stupid as I still do not have time to do comprehensive study. PE was still v high >20, so should not have gone it yet. Prior to the Japanaese EQ the Uranium sector was overvalued

2)Bought some Infineon as I wanted exposure to the new Smart Grid, EV, High Energy Costs play. It is ard 13 PE with cash about 20% its equity. But I have to becareful of gross margins (assumption that it continues to hold) as now we seem to be on the high of Business Cycle

3)Portfoilio down 10% , need to get rid of unwanted work! and concentrate what I do best

4)EV is slow to pick up, but estimate is 2013 where