If the NCB deal blows up because of politics, 9984 should go up, and be able to buy NCB cheaper still the next time around. If Japan was a movie, that would be a good script.
The duration, magnitude, coverage area and collateral consequences of the upcoming storm is vague. When it becomes clear, damage will have been done by definition. Should we simply try to ride it out, holding on to the telephone pole, or should we descend into the storm bunker, or it will require us to leave the storm area all together?
Reluctantly, I may do the latter. The tempo of the music is picking up, the tune sounding alarming, the light is dimming while flickering, and the ceiling is starting to creak, noticeably sliding downward.
The monthly interest income is looking juicy. Wha, a great big 6% per annum! And if we are (I am not) willing to tolerate the bonds of the companies whose share we do not want, a great bigger 9%!! And check out them Swire Pacific perpetual bonds (held on to those since the onset of Asian Financial Storm)!!! |
