"I know the plans that I have for you, declares the LORD. They are plans for peace and not disaster, plans to give you a future filled with hope". - Jeremiah 29:11
Monday, December 05, 2011
Thursday, December 01, 2011
Hello to December
Sunday, November 13, 2011
Maximising Market Value of Company & Financial Management Decisions
Maximising market value of company securities is important to investors due to the risk and return relationship involve in the decision making on the investment. The return of a security price is the change in the price of the security. If the price of the security increases, the investors would need to secure more of the securities and likewise when the price reduces.
From the company point of view, company must also understand market efficiency because any decision making made by the company will result in information to the market. In financial management, there are three important decisions namely the financing decision, investment decision and the dividend decision.
Financing Decision
In financing decision, the choice between equity and debt will affect the overall cost of capital of the company. The cost of capital constitutes the cost of making use of capital from the market i.e. shareholders and lenders. If the market perceives the choice made by the company is less than desired it will increase their risk and as such news about the financing will be made available in the market. This will in turn affect the demand for the shares to reduce and likewise for the share price. A fall in a share price if not desired and the market being efficient will reduce the capitalization of the company.
Investment Decision
An investment decision will affect cash flow of the company. As such investors will perceive a risk because of their potential dividend receivable or interest receivable. The perception whether good or bad, in addition to market being efficient will be translated as market information that will affect again the share price of the company.
Financing decision has an impact on investment decision and so is investment decision on dividend decision.
Dividend Decision
Dividend decision or policy i.e. how much being paid out and retained will send a signal to the market in respect to the affairs of the company such as cash flow availability, future projects potential or future commitment of the company. This will directly affect the demand for the share and the capitalization.
Therefore, the understand of market efficiency is important to company’s financial managers because to maximise the value of the company security, the manager needs to make sure the above three decision are made correctly.
Saturday, November 12, 2011
Determination of Share Price Movement
Investors observing patterns in stock market prices are known as technical analyst and chartist. They believe that there is a predictable pattern that moves overtime for the stock prices. The technical analysts also believe that they can earn abnormal profit if they timed their investment decision following the analysis of the pattern.
In the market efficiency hypothesis, investors believe that stock prices move in a random fashion i.e. prices in the market change with the availability of the information. There is no predictable pattern of the movements.
The technical analysis in this case is not consistent with the efficient market hypothesis this is because of the assumptions of the efficient market hypothesis. Firstly, EMH assume that the market possess the same available information as the information arrives. This enables the market to interpret quickly the available information to act in a consensus manner. In that case, it is impossible to earn abnormal profit among the investors.
The EMH, the strong form efficient efficiency the investors may only make abnormal profit if private information illegally obtained. In technical analyst, the private information about when prices will rise or fall may of little use in the EMH, mainly because the information is not encouraged. This form will be violated should the technical analyst is correct about the timing of the stock price movement.
The weak and semi-strong form efficiency will observe price movement with publicly available information and past information respectively and as such the prices move in a random manner.
Tuesday, November 08, 2011
Audit Assertion
Engagement Letter
Thursday, October 20, 2011
Thursday, August 25, 2011
WOW 2011!
Wednesday, July 13, 2011
The Cheesy Pimp
The Cheesy Pimp
RM 190
RM140 NETT
This chic 10" sling laptop bag with Crumpler embroidery on the outside cover comes with a variety of colours for your pick. The main compartment stores notebook and Ipad, has 3 auxiliary pockets to store mobile devices and still has space for your documents and books. The front of bag has a zipper pocket. The cover is fastened close using 2 velcro pads and 2 buckles. The broad and adjustable shoulder strap comes with shoulder pad. Material of bag is canvas with satin fabric lining the inside.
Bag suitable as agive away present for special occassions.
Approx. dimension : - 25 (h) x 30(l) x 14 (t) cm
Prime Mover
Prime Mover
RM 170
RM150 NETT
Description: Super soft and shiny Neoprene combined with Original 1000d Chicken Tex Supreme™
hyper performance accessory fabric
> Waterproof Ripstop Lining
> Large zipped internal pocket
> Built-in organiser with 4 card slots
> Stretchable mesh slip pocket
> 2 neoprene slip pockets and a pen
holder
> Adjustable shoulder strap with single Hand Buckle™ and removable shoulder pad
Used as sling or over the shoulder look.
Available colours: Black, orange, dark brown or light green
Dimension: 43.5 (l) x 36.5 (Max. height) x 12.5 (t) cm
Pornolli Backpack
Pornolli Backpack
RM 200
NOW RM170 NETT
Neatly designed back pack which looks like half barrel with top truncated at an angle when fully stuffed. The zipper cover has gauzed zip pocket on the inside. The main compartment has 3 auxiliary gauze pockets for your mobile devices and 2 big pockets, one of which is to store 15" laptop. The 'barrel' shape has extra space to keep your personal belongings for light travelling. One zipper pocket is provided at one side of bag. Back of bag comes with one hanging strap and pad air-mesh. Broad and adjustable shoulder straps with air-mesh padding and clip-on holders.
Material: Good quality canvas lined with satin fabric on the inside.
Approx. Dimensions: 20 (height at front)x 43 (height at back) x 33(w) cm
Colour: Dark brown with either red or yellow lining.
Cheesy Laptop Backpack
Cheesy Laptop Backpack
RM 250
RM190 NETT
Description: A backpack that makes you stand out from the crowd. Takes on a half egg shape when fully stuffed and together with the bag vertical pattern lines creates a striking pose. It is equally functional, for within the main compartment: a separate pocket for laptop/Ipad storage; a gauzed pocket with zipper; and plenty of space for documents and personal belongings; turn over flap on zipper. At the bag front are 2 side pockets with vertical and neatly concealed zippers. Hanging strap at top of bag and air-mesh padding on the back of bag and wide adjustable shoulder straps provided.
Material: Good quality canvas on the outside and satin finished fabric lined the inside. 2 available colours;Red colour with white linings and inside lined with black fabric OR black with orange linings and inside lined with purple fabric.
Approx. dimension: 40(w) x 46(h) x 18(t) cm
The Dark Side - Soft Skin
The Dark Side - Soft Skin
RM 210
RM175 NETT
Trendy and practical laptop back packs. These 4 designs are of soft skin canvas. The bag has main compartment which houses a removable laptop folder and gauzed and zipper pockets for systematic storage. Ample space is available for other mobile devices. At left side of bag, a small zipper pocket appropriate to keep hand-phone is provided.
Padded air-mesh forms back part of bag and a hanging strap is provided at the top. Broad adjustable shoulder straps provide comfort to body.
Material: Soft good quality canvas on the outside and lined internally with satin fabric.
The Dark Side - Hard Skin
The Dark Side - Hard Skin
RM 210
RM 175 NETT
Trendy and practical laptop back packs. These 2 designs are of hard skin canvas. The bag has main compartment which houses a removable laptop folder and gauzed and zipper pockets for systematic storage. Ample space available for other mobile devices. At front and one side of bag are small zipper pockets appropriate for hand-phones.
Padded air-mesh forms back part of bag and a hanging strap is provided at the top. Broad adjustable shoulder straps provide comfort to body.
Material: Good quality canvas on external and internally lined with satin fabric.
Available colours: Black external and yellowish green internal; Brown external and milky white internal
Approx. dimensions: Black - 34 (w) x 45 (h) x 19 (t) cm; Brown - 32 (w) x 50 (h) x 17 (t) cm
Wednesday, June 29, 2011
Saturday, June 18, 2011
Friday, June 17, 2011
deep thought
Wednesday, June 15, 2011
Monday, May 16, 2011
Tuesday, May 10, 2011
Monday, May 02, 2011
Thoughts
Sunday, May 01, 2011
encouraged
Saturday, April 30, 2011
Friday, April 29, 2011
Post-moterm (Gratitudes)
Monday, April 11, 2011
Friday, April 08, 2011
Audit Assertion
Monday, April 04, 2011
I'm Desperate For Love!
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Thursday, March 31, 2011
Sunday, March 20, 2011
Food for Thought
How to Win Competitions and Free Stuff
CONFESSIONS OF A COMPETITION WINNER
My name is Rebecca and I'm a 29-year-old comper (person addicted to the sight, sound and smell of competitions). In recent years, I have won thousands of dollars in cash and prizes, including trips to Tokyo Disneyland and the Melbourne International Comedy Festival, two DVD box sets of "Sex and the City" (in separate competitions -- what can I say? I really did get "Carried" away), a $1000 Westfield shopping spree and a year's supply of toilet paper!The addiction begins slowly, you see, and before you know it, takes hold.
For me it all started in university. I was broke, staring at my dismal wardrobe and wondering how to earn some additional income. I already worked two part-time jobs. Then it dawned on me. There were competitions on the Internet, radio, TV, in magazines and supermarket aisles... most places, really. Every day of the week, ordinary lucky schmucks out there were winning cars, holidays and cash. I could be a lucky schmuck. I was already a schmuck, so I was halfway there.
As I am also an incurable Intermernetz geek, I concentrated on web competitions and Googled "competitions" and "win". I was dumbfounded by how many promotions sprang up. I entered everything I could when not working or studying. It was fun -- I loved solving puzzles, playing games and writing poems and having the chance to win prizes for my efforts.
The glorious day came. A month or two after I began my prize quest a letter arrived in the post. I had won a $200 Kookai voucher. It had begun.
Looking back, comping has opened up my world to some extraordinary experiences. I have appeared in a screaming competition (when I was on holiday in Sydney -- strangely enough most entrants were out-of- towners), completed a Mission Impossible scavenger hunt and learnt how to do action movie 180 degree turns in a Mini driving course. When people hear about my latest win, they shake their heads and ask how I won. Well, in the interests of purging my soul and confessing my wins, I'll let you in on the secrets to success...
1. MAKE FRIENDS WITH "25 WORDS OR LESS"
There are two main types of competitions -- those won by skill and those drawn at random. By far the majority of my wins have been from competitions requiring skill, usually "25 words or less" entries. You know the ones: "Explain why you would like to win in 25 words or less" or "Tell us your funniest childhood memory in 25 words or less". So many people are intimidated by this type of entry, thinking it's too hard and they won't be able to think of anything original. Well, they're also the reasons why you should enter. Legions of other potential entrants will be scared off and you'll have a better shot at the prize.2. FUNNY AND PUNNY
You may have noticed my awful tendency to pun at the slightest provocation. It's an occupational hazard for compers -- we look for puns to make on the product or brand and weave them into a witty little ditty or one-liner. The judges want to see an original poem, slogan or answer that represents their company in a positive light. They are looking for a happy, fun winner. Give them this and they'll be your bestest friend.3. THINK SMALL, ACT TALL
Seek out pint-sized competitions run by small businesses down the road trying to get off the ground, tiny newspapers and obscure web sites. Their prizes can be surprisingly tasty and how many other entrants do you think they'll have? A handful? A dozen? You're in with a sporting chance. Alternatively, some competitions offer a cubic truckload of small prizes (ever seen promotions where you can win one of 1000 movie tickets?). It's like taking candy from a baby, or rather, movies from a kind corporate benefactor.4. IT'S DE JA VU ALL OVER AGAIN
Quickly scan the terms and conditions to discover how many entries will be accepted per person. It may be only once, or (oh, happy days!) once per day or week, or even (oh, joy and rapture!!) unlimited. Now get cracking and enter like it's going out of style.5. FREEBIES AND OFFERS AND SAMPLES, OH MY
Close cousins to competitions, there are plenty of freebies on offer. Think samples of new coffee varieties, tins of cat food, perfume, cosmetics and feminine hygiene products. Good things come in small packages, and in this case in the mail and without requiring you to win a thing. You can even create your own freebies -- write to the potato chip, soft drink or any other company of your choosing, entertain them with a lively letter making a suggestion for a new product or critiquing an existing one and wait for the sweet, sweet goodies to roll in.6. SHAME SHELF
Some compers will buy 60 packets of dehydated beetroot in the name of winning an iPod or other juicy prize. The trouble is, they are then left with mountains of very un-juicy (and unappealing) beetroot, which they secret away onto their shelf (/cupboard/warehouse) of shame where they stick any excess items bought in an over-zealous competition campaign. If you're paying out more money than you're likely to win, it's gambling, not entering competitions. Avoid the shame shelf and only purchase promotional items you would otherwise want or are likely to use. You'll feel better for it in the morning. Trust me.7. PERSEVERE AND PERSEVERE SOME MORE
You don't need a leprechaun's pot of gold, lucky rabbit's foot or repeat mystical chants to be lucky. Winning is all in the maths. The more competitions you enter and the more entries you drop in each entry barrel, the more likely you are to win, but the attraction to entering competitions as a hobby is not just winning glorious prizes, it's the anticipation of winning. It feels like Christmas Eve every day, hoping for gifts tomorrow. Keep on entering and it'll be Christmas in no time.One of the best features of Femail has, for me, always been the gorgeous competitions and giveaways. As every Femail loves her free stuff.
Cheers,
Rebecca Doyle