MH370

Latest news is that the Malaysian government confirmed that the plane went down into the Indian Ocean south of Perth based on British Immarsat Satellite technology using 19th century physics like Doppler Effect which every 'A' level student learned during JC physics with a  3% error margin.

Of course it will be more prudent to gather physical evidence before making the announcement but Malaysia was severely criticised for not communicating promptly initially by stressing that they need to verify. It is damned if you announced early and also damned if you do  not announced early and the victims' families got the news for elsewhere.

At the end of the day, psychic bomoh cannot predict where the aircraft went but good old physics deliver an answer within a reasonable level of accuracy.

SuntecReit Private Placement

SuntecReit just announced a private placement raising $350m at a price of 1.605 a share. It is about a 4.69% discount over the last traded price. Nett proceeds mainly used for repayment of loans.

Inflationary Universe

I read with great excitement that Alan Guth's theorectical prediction of the inflationary universe has been validated by the indirect detection of gravitational waves via the special polarisation of the cosmic microwave radiation (CMR). Gravitational waves are predicted in Einstein theory of General Relativity as the stuff that ruffles space-time. This discovery is a step forward to validate the Big Bang theory of the observable universe.

Well we live I exciting times. Previously we got confirmation of the Higgs Boson and now cosmic inflation. What else is coming.

I will probably reread Alan Guth's book on the "the Inflationary Universe" when I get the time.

Temasek Voluntary Cash Offer For Olam

What a far cry from dec 2012. Today, Temasek via its investment vehicle Breeden Investments Pte Ltd made a voluntary cash offer for Olam at $2.23 a share and $0.646 per warrant.Based on my invested shares and warrant, I would made a gain of $10800 if I will to choose to exit with this offer completely. Not a bad investment for a holding period of 1.5 years without including the dividends and the 6.75% US bond which was purchased at a discounted price of 95 US cents last Jan.

I must thank Temasek and also Muddy Water for this. Not forgetting myself for sticking it out during the bleakest days in the MW attack. I will think whether I will do a complete or partial exit later on.