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Archive for July, 2008

Warne admits he was not a good husband

Posted by Sathyamurthy www.sathyamurthy.com on July 27, 2008

Successful people are not successful in whatever they do. World has seen many examples of people who are extremely successful and popular in professional career come a cropper in personal life. However, very few have the courage to admit that they weren’t as much successful in personal life.

Share Warne, the legendary leg spinner, seems to be an exception. It takes enormous courage to accept one’s faults and it takes even more courage to accept it in public. Hats off to you Warnie! But, this time, off the field.

New Delhi: Australian spin legend Shane Warne has revealed that he maintains a “good relationship” with ex-wife Simone but accepted that he was never a good husband.

“My kids are unreal; I’ve got a good relationship with my ex-wife, Simone. I’ve always been a good father. I may not have been a wonderful husband, but even during the difficult times, Simone always said I was a good father. Brooke is 11 now, Jackson 9, Summer 7, I love them to death, would do anything for them,” Warne was quoted as saying by The Sun.

Warne, who quit international cricket last year, had a string of affairs with women while he was married to Simone.

The wily leg-spinner has been involved in several sex scandals during his playing days, including a romp with models while on tour to England during the famous 2005 Ashes series, which Australia lost.

The champion Australian, who continues to play first-class cricket, was a huge hit when he led his IPL team the Rajasthan Royals to victory in the inaugural event.

Now he says he is in better shape than he has been for a long time and feels he is in a good place at the moment.

He says looks forward to the Champions League with the Royals and to next season’s IPL.

Warne added that if he stays fit and stays on top of his game, he would continue his stint with the Rajasthan Royals for the love of the game.

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Airlines shed weight as fuel costs soar

Posted by Sathyamurthy www.sathyamurthy.com on July 7, 2008

Savings start on Board

NEXT time you take to the skies you may find there are fewer pages in your in-flight magazine, your fork is slimmer and your plate feels different. Blame it on soaring oil prices.

The seat you are sitting on may be lighter. Perhaps there’s less water on board for the bathroom taps and toilets. The drinks trolley coming your way probably weighs less too.

It’s all part of efforts by airlines to shed weight and conserve fuel, running in tandem with more radical steps such as cutting routes and capacity.

“Individually they may sound quite trivial but they all add up,” said Andrew Herdman, director general of the Association of Asia Pacific Airlines.

“Obviously, the more expensive the fuel, the more the savings translate into. Given that oil prices are at a record high and have quadrupled over the past few years, there’s even more effort” to reduce weight, he said.

Japan Airlines (JAL), Asia’s largest carrier, is among carriers that are putting fewer pages into their in-flight magazines.

It has also slimmed the handles of its forks and spoons, reducing their weight by two grams each, said JAL spokesman Hisanori Iizuka.

The weight of a freight container has been cut by 26kg, reducing the burden of a flight by one tonne.

Even the porcelain in business class on international flights is 20 per cent lighter since the manufacturer put tiny bubbles inside.

“It’s important to make every little effort, which matters when you carry hundreds of passengers on a flight and operate 365 days” a year, said Iizuka.

“The heavier the plane is, the lower its fuel efficiency. This is part of our efforts to slim down everything possible.”

It’s not the only airline looking to shed weight. Qantas is also considering similar steps to conserve fuel.

“We don’t want to compromise our product or service,” but the carrier is looking at lightweight meal carts, alternative packaging and examining “what we carry to remove waste, that type of thing,” a spokeswoman said.

Singapore Airlines has introduced lightweight drink trolleys and serviceware on board new aircraft such as the A380 superjumbo and the Boeing B777-300ER.

“These carts and serviceware will be on all new aircraft which join the fleet in the future. As for magazines, based on crew feedback, titles not in demand were removed,” a spokeswoman for the carrier said.

All Nippon Airways has also been reducing the weight of seats, tableware, trolleys used by cabin attendants and other items.

“By introducing lighter porcelain for first and business classes, we have reduced the weight by an average 66kg on one flight,” a spokeswoman said. “We’re always looking for items whose weight can be reduced.”

Even paint adds weight to an aircraft, so some carriers have been experimenting with only polishing the exterior, particularly for cargo planes.

Airlines worldwide face total losses of at least $2.39 billion this year due to soaring fuel costs, according to the International Air Transport Association, which says the industry is in “crisis”.

At least two dozen carriers around the world have gone bust this year.

Some carriers have begun charging passengers a fee for checked luggage.

And there is even speculation that the passengers might eventually have to step on the scales before boarding a plane, with heavier travellers paying more to fly, although experts say that day is not here just yet.

“I don’t think we’ve quite got to the point of passengers being weighed,” said Herdman.

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What to buy now?

Posted by Sathyamurthy www.sathyamurthy.com on July 1, 2008

When greed is high one has to sell and when fear is high one has to buy is a wise advise from share investment gurus.

Still the problem remains of identifying what to buy and what to sell during fear and greed times. Easy way out is to look for the underlying value offered by the scrips. That will help you to get out of the useless scrips that have multiplied due to greed and fantastic scrips that get undervalued in times of fear.

Since the current market is one of fear, it makes sense to look for some valuable buys. I am not going to specify here what to buy. Rather, I am trying to give a guide for selecting the scrips:

a) Low Debt Equity (when rates are going up, these companies will be least affected)

b) Market leaders in their business (irrespective of the market condition, they will continue to stay on top)

c) Continuous dividend record over a period of say 6 to 8 years (this might exclude new companies but it is better to go for some company with a track record than some thing that is still not proven). Six to eight years track will help us to identify the consistency over a period of time by which one can expect a company to have seen one bad cycle and one good cycle.

d) A company may have a policy of not distributing dividend and instead use that cash to fund their business. One can identify such companies by looking at continuous period of profitability (once again 6 to 8 years)

e) See the book value, market price and 52 week high and low besides what was the price of the share before the bull cycle started. How far or near is the current price to that price? If the business has grown from the time bull run started and the price has gone back closer to the price at the beginning of the bull run, it is a must buy share.

Happy investing!

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