Magnum Fall Out of Favour!

Number forecasting operators (NFOs), Magnum, was reported to be falling out of favour with investors.

Ahem!

This means no longer LAKU , isn't it? :P

In that Singapore Business Times article, some of the issues were rather worth saying out loud once more.

Magnum's luck, or lack of it, is one of the reasons the NFO has fallen out of favour with investors.

Hmmm.... this one I really, really, really do not understand lor.

Tell me...

How come and how cannnnnnnnnn it be that their numbers are so easy to be 'kena' by other punters?

Strike Ze Number so easy one, ah?

How cannnnnnnnnnnnnnnn??

Why not mine?

Why my 0001 no come out one?

And when the punters strikes, they strikes it soooooo much that Magnum loses money!

Take a look at what is mentioned..

0101. It was a number many 4-D punters were banking on for a happy start to 2006. Although the number apparently was sold out at some number forecasting operators (NFOs), Magnum, however, drew the short straw when the number landed the second prize in its draw.

0101!!!!

Fiyoooooh!

And mine was 0001!!!!

And even if i want to buy 0101... olso sold out mah.... so how come???? (Sky oh Skyyyyy..... why? Why you so like dat one?)

So anywayyyyyy because of 'so easy to win' (Ahem!), according to the article "exceptionally high prize payout ratio in 2004 which dragged earnings down.."

Wahhh... see onot?

Strike until Magnum lose money wor!!!

:P:P:P

Anywayyyy... on a more serious note.... here are some of more pressing issues mentioned:

Magnum needs to greatly improve its corporate governance. Its cross holding structure with its parent Multi-Purpose Holdings which owns 34 per cent of the company and in which Magnum has some 10 per cent stake, is viewed negatively.

'There's no clear reporting line when it comes to inter-company transactions,'

Magnum's lack of earnings transparency is another concern... the company made big provisions in the past three years which did not relate to its core business, but to overseas investments which had not paid off.

...has received permission to launch MMatch, a new game, but any impact on earnings is still uncertain.



ps.

Me got a tip for all lah...

MMatch.... doesn't sound too happening for punters isn't it?

Don't get it?

Say it in Cantonese.... MMMMMMMMM Match!!

Doesn't it sound like NO Match?

Like dis.... how this new game going to be laku?

Cheers!