me.

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no lar ... it is not that we are anti-bank borrowing ... but as a certain type of investors, we prefer company with less borrowing. We call it "margin of safety" mar. If certain unpredictable unfortunate thing happen, usually it is the company with "a lot of cash, minimal borrowing" will survive. Rule no. 1 .. is dun lose money (when un-predictable unfortunate time happen) mar. Therefore making money come second lor. That to say, nothing wrong if certain people prefer to invest in "little cash + a lot borrowing" or another group which invest in "a lot of cash + a lot of borrowing." These group can make money too if they enter at correct price and correct time. No doubt. It is just a preference and policy of masing-masing. Group one have certain belief and it is justifiable belief. Group 2 also can make money, but it need more tarraly type of work. As leno has mention many times ... nothing wrong with each group. But matters become weird when different group members cannot IGNORE other group club posting or principles. It is like going to mosque and getting angry because u are chrismas fellow, and vise versa. HAHAHAH ... u see leno go into what ever club also sound veli veli panlai one. Why ? Because leno is veli veli panlai mar .... AHAHAHAHAHAHAH !

happi new year to KCC ... and leno have self-promoted to be KCC marketing manager ... YAAAAAAAAAM SINGGGGGGGGGGGGGGGGGG !!! HAHAHAHAHAHAHA ... everi one else, dun jeles-jeles hor ......

Happi new year to all leno fansi ... KCChong fansi automatic become leno fansi .. because kcchong is also leno fansi ... HAHAHAHAHAHAH .... being your favourite idol ... leno like to declare 2016 theme will be "Let's be happi happi ... dun lah be angri angri ... YAAMMMMMMM SINGGGGGGGGGGGGGGGGGGGGGGGGG !!"

u no brush teeth ... tat's why everi thing come out also smell bad ... tsk tsk tsk ... BOH CHOOOOOW CCCCCCCCCCCCC AAAAAAAAAAAAAAAAAAAAA !!!

sharpe ration part II : now imagine PMCorp give out 8 sen special dividend ... NA will become 52-8 = 44, and share price adjust to 26-8 = 18, the Sharpe ratio now become 44:18 = 2.4 !! Which is MORE THAN EXCELLENTE !! To adjust back to Sharpe ratio 2, the market will price back PMCorp to 22 sen = another 4 sen gain or 22% extra upside ! FUYOH ! WASEH ! Cipet beli aaaaaaAAAAAHH ! Sure UNTUNG, zero risk !! Hope this example has enlightened everi one regarding sharpe ratio ... sekian, tima kacih.

err ... no .... not yet.

happi new year to Icon too ... wish u all the best ... and BOH CHOOOOW CCCCCCCCCCC AAAAAAAAAAAAAAAAAA !!!

sharpe ratio is easy moozy onli ... for eg. PMCOrp NA 52 sen ... share price 26 sen , sharpe ratio is 52:26 = 2 ... anything above 1 is good ... anything is 2 is excellent. Excellent mean High Untung, zero risk.

HAHAHAHAH ... PMCORP CANTEEEEEEEEEEEEKkk !!

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BOH CHOOOW CCCCCCCCCCCCCC AAAAAAAAAAAAAAAAA !!!!

prkcorp ? Prkcorp ... BOH CHOOOWWWWW CCCCCCCCCCC AAAAAAAAAAAAAAAAAAA !!!

HAHAHAHAH ... sshhhhhhhh ... dun lah laugh at others misfortune .... must follow like leno .... always humble humble and be understanding .... PMCORP CANTEEEEEEEEEEKkk !

hahahahah ... HAHAHAHAH ... rileks-lar sister ... foreplay foreplay first mar .... HAHAHAHAHAH !

sharp eyes and sharp KUKU ....

yup .... HAHAHAHAHAH ... leno kuku can grow back one like ekor cicak mar .... HAHAHAHAH ... ops ! 79 sen liaw ....wat happen to Ah THong control tightly ? HAHAHAHAHAHAHAH ..... cheers imoogi ! CONGRAT COMRADES !! YeeeHAAAAAAAAAAAAA !!!

HAHAHAHAHAH .... HAHAHAHAHAH ...PMCORP CANTEEEEEEEEEEEEKKK !!

eLLLLLOOOOOO ... anybodi home ? HAHAHAHAHAAHHAAH

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HAHAHAHAH ... PMCORP CANTEEEEEEEEEEEEKKK !!

HAHAHAHAHA ... sour-grape ... HAHAHAHAHAHAH HAHAHAHAHAHAH

thank u veli much duit .... all the best to u too.

dun make me reveal my kuku hor .... my kuku veli veli powerful one hor ...

HAHAHAHAH ... half pail analyst ... will always remain as half pail analyst .... HAHAHAHAHAH ... HAHAHAHAH

HAHAHAHAHAH ... tat's the spirit COMRADES ! PMCORP CANTEEEEEEEEEEKK !!!

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20

INARI RM 4.67 ..... if INSAS close less than 87.5 sen TODAY ... i will chop off my kuku !

Insiders news is out .... hahahahahh .... have u heard about it ? No ? Yes ? Shhhhhhhhhhhh .... SHHHHHHHHHHHHHHHHHHHHHHH .....

HAHAHAHAHAH ... HAHAHAHAH ... newbies quarelling with each other about useless things ... HAHAHAHAHAH ... but hey ! It is a learning process. At the end ... u may learn something .... "that somethng could be more harmful than before u learn that something" ~ quoted by leno the most panlai .... HAHAHAHAHAH .... scary but truthful right ?

Boing ! Boing ! Boing ! HAHAHAHAHAH !

HAHAHAHAH .... HAAHAHAHAHAH .... HAHAHAHAHAHAH ... suke-nya saye .....

HAHAHAHAH ... HAHAHAHAHAH ... jangan tunggu lama-lama hor ... HAHAHAHAAH !

HAHAHAHAH ... amaciam naysayers ? HAHAHAHAHAH .... HAHAHAHAHAH .... HAHAHAHAHAH !

HAHAHAHAHAH .... PMCORP CANTEEEEEEEEEEEEEEEK !!

HAHAHAHAHAH ... INSAS veri steadi ... no worri baby ... HAHAHAHAHAH .... HAHAHAHAHAH

HAHAHAH ... mari lah mari ... mari lah jadi ... jadi berseri ... kaya lah lagi .... yeeeHAAAAAAAAAA !

HAHAHAHAHAHAH ... HEE HEE HEE HEE HEE ..... CONGRATULATION to ALL PMCORP COMRADES !!! FATT TATTT AAAAAAHHHHH !!!

HAHAHAHAHAH .... HOHOHOHOHO .... HEE HEE HEE HEE HEE ...... HAHAHAHAHAHAH

merry chrismas ! SHhhhhhhhhhhhhhhhhh .....shhhhhhhhhhHHHHHH .... HAHAHAHAH HOHOHOHOHOHO !

of course i notice it ... but cannot simply tell everi one or anyone mar .... HAHAHAHAHAH ... shhhhhhhhhh SHHHHHHHHHHHHHHHH

hahahahah ... well said ! Well said ! PMCorp NA more than 50 sen worr ... HAHAHAHAHAHAH .... HAHAHAHAHAHAHAHAH ....

hahahahah .. tis show insas boss veli clever .... i should be worri if insas boss start buying inari instead .... HAHAHAHAHAHAHA ... insas BOSS ROCK AAAAAAAAAAAAAAAAA !!

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HAHAHAHAH ... ini INSAS manyak senang calculate hor ... HAHAHAHAH ... tapi mesti mau percaya sama sendili punya calculation hor ... kalu talak percaya sendili ... lu mau percaya itu donkey punya calculation meh ? Haiya .... ini INSAS lepan bilakang calculate hor ... mesti lebih satu ringgit punya .... HAHAHAHAHAHAH ... kenapa ? Tak percaya kah ? HAHAHAHAHAHAH

HAHAHAHAH .... NA more than 50 sen ... net cash 24 sen ... 8 sen angpow cash coming some more .... HAHAHAHAHAHAHAH ... still dunno how to calculate meh ? HAHAHAHAHAHAHAH ... never mind .... can slow slow calculate again and again .... HAHAHAHAHAH ... HAPPPY MERRY CHRISTMAS .... HAHAHAHA ...HOHOHOHOH ....

klci closed at 1761 on 31 dec 2014 .... thank u veri much rchi.

err ... good morning .... i am doing some year end calculation ... can someone tell me what is the index during early this year 1.1.2015 ? Thank you.