To contact us Click HERE
I enjoyed this quote from the movie 'As Good As It Gets':
Carol(Helen Hunt) - OK, we all have these terrible stories to get over, and you-...
Melvin(Jack Nicholson)- It's not true. Some have great stories, pretty stories that take place at lakes with boats and friends and noodle salad. Just no one in this car. But, a lot of people, that's their story. Good times, noodle salad. What makes it so hard is not that you had it bad, but that you're that pissed that so many others had it good.
Jack Nicholson was so damn funny in this :)
The take away from this (for me atleast) was that- what others get in life should not be a yardstick to measure what you get.. Lets appreciate that each of us is unique and lets bring out the best that we are capable of!
13 Ekim 2012 Cumartesi
IT Staff on Bench - Why can't INFY, Wipro take them to do something worthwhile?
To contact us Click HERE
Source: Economictimes
One would agree that IT firms need to have a good strategy on managing bench, but at the same time what I am surprised is why can't companies like Infosys could use the resources for some creative purposes. Instead of paying them 50% or 70% salaries and let them sit in cafes why can't they be assigned a task?
I am sure they hired the best of minds and these minds can be used to innovate the next Facebook or iTunes. Even they can be used for some out of box ideas to solve the problems faced by common man. Be it the solar power, or simple native language conversion or for that matter even try to 'digitize' the old paper based knowledge..
One would agree that IT firms need to have a good strategy on managing bench, but at the same time what I am surprised is why can't companies like Infosys could use the resources for some creative purposes. Instead of paying them 50% or 70% salaries and let them sit in cafes why can't they be assigned a task?
I am sure they hired the best of minds and these minds can be used to innovate the next Facebook or iTunes. Even they can be used for some out of box ideas to solve the problems faced by common man. Be it the solar power, or simple native language conversion or for that matter even try to 'digitize' the old paper based knowledge..
Singapore - myth of 'cheap' foreign workforce
To contact us Click HERE
Ok.This is very sensitive topic and I do not want to give any wrong impression. This is my 2c based on my experiences and observations.
I always took the position that companies are hiring foreigners not because they are cheap but they are more flexible. In the end the flexibility doesn't have to result in lower cost. I just saw an article from Jobstreet which is kind of supporting my observations. Just to mention "66 per cent of locals considered the low cost of labour the reason for hiring non-Singaporeans, only 16 per cent of employers cited this as the reason."
The problem is not the 'cost' but it is about the quality and even at times exposure. I've worked with many people from almost all the different categories of folks (i.e. Singaporeans, Almost Singaporeans, new Singaporeans, PR, EP ..) and I can see why $$$ is not the issue. Majority of knowledge workers are certainly making higher than their local counterparts (ofcourse including CPF) but still companies are going for them. Why ?
May be I can try to share my views based on a specific industry. This case my fav Mobile Industry. Mobile industry spans across all kind of trades from Radio to Sales/Front Office. So will try to share my views in detail here.
Experience / Exposure:
Being a tiny country we do not have the opportunity to experience many 'new' stuff and 'legacy' stuff. For example Microwave is a pretty common backhaul in Asia/rest of the world. But we do not have any idea and if we need to even test the microwave we need to get people from outside.
Another classic case was with prepaid explosion. Few years back no-body used to use Pre-paid. Suddenly due to the foreign worker growth there is a new market for pre-paid and our telco's has no idea how to handle. They needed expert knowledge from outside. So this is considered a legacy but still we haven't had the experience.
For the "new" stuff. Lets take an example of "Green telecom". If we're to try solar base station we do not have any experience. Again we've to look at Indonesia or India.
Regional / Out of Singapore roles:
When SingTel wants to hire a person who need to manage their regional assets (SingTel owns 100% Optus-Australia; strategic stakes in Bharti-India, Telkomsel-Indonesia; AIS-Thailand; Globe-Philippines & couple more in Pakistan, Bangladesh), who would SingTel hire? A person with 3G/LTE/IP knowledge in Singapore market or a person with 2G/3G/IP/TDM knowledge from overseas?
Be it the local regulatory stuff or technologies or for that matter the mechanism of day to day work. We do not really have the skill set. Similarly, if the job requires to spend significant time in western europe or USA (For international sales or consultancy), again no choice but to get a person with real experience from those countries.
Generalist:
This is another area we need to improve. Now the world is changing pretty fast and with automation the jobs are getting simplified (and eliminated at the same time too).However we are still focusing too much on 'specialization' and going to narrow. Imagine if the same job can be done (with google help) by an engineer from vietnam/myanmar why would the employer (profit oriented) would like to pay higher pay to a local engineer?
So we need to differentiate ourselves and this is not a bad thing in my opinion. Government can help with policy/regulatory stuff to have specific % of local people but end of the day 'free markets' are driven by profits.
In a nutshell,
I always took the position that companies are hiring foreigners not because they are cheap but they are more flexible. In the end the flexibility doesn't have to result in lower cost. I just saw an article from Jobstreet which is kind of supporting my observations. Just to mention "66 per cent of locals considered the low cost of labour the reason for hiring non-Singaporeans, only 16 per cent of employers cited this as the reason."
The problem is not the 'cost' but it is about the quality and even at times exposure. I've worked with many people from almost all the different categories of folks (i.e. Singaporeans, Almost Singaporeans, new Singaporeans, PR, EP ..) and I can see why $$$ is not the issue. Majority of knowledge workers are certainly making higher than their local counterparts (ofcourse including CPF) but still companies are going for them. Why ?
May be I can try to share my views based on a specific industry. This case my fav Mobile Industry. Mobile industry spans across all kind of trades from Radio to Sales/Front Office. So will try to share my views in detail here.
Experience / Exposure:
Being a tiny country we do not have the opportunity to experience many 'new' stuff and 'legacy' stuff. For example Microwave is a pretty common backhaul in Asia/rest of the world. But we do not have any idea and if we need to even test the microwave we need to get people from outside.
Another classic case was with prepaid explosion. Few years back no-body used to use Pre-paid. Suddenly due to the foreign worker growth there is a new market for pre-paid and our telco's has no idea how to handle. They needed expert knowledge from outside. So this is considered a legacy but still we haven't had the experience.
For the "new" stuff. Lets take an example of "Green telecom". If we're to try solar base station we do not have any experience. Again we've to look at Indonesia or India.
Regional / Out of Singapore roles:
When SingTel wants to hire a person who need to manage their regional assets (SingTel owns 100% Optus-Australia; strategic stakes in Bharti-India, Telkomsel-Indonesia; AIS-Thailand; Globe-Philippines & couple more in Pakistan, Bangladesh), who would SingTel hire? A person with 3G/LTE/IP knowledge in Singapore market or a person with 2G/3G/IP/TDM knowledge from overseas?
Be it the local regulatory stuff or technologies or for that matter the mechanism of day to day work. We do not really have the skill set. Similarly, if the job requires to spend significant time in western europe or USA (For international sales or consultancy), again no choice but to get a person with real experience from those countries.
Generalist:
This is another area we need to improve. Now the world is changing pretty fast and with automation the jobs are getting simplified (and eliminated at the same time too).However we are still focusing too much on 'specialization' and going to narrow. Imagine if the same job can be done (with google help) by an engineer from vietnam/myanmar why would the employer (profit oriented) would like to pay higher pay to a local engineer?
So we need to differentiate ourselves and this is not a bad thing in my opinion. Government can help with policy/regulatory stuff to have specific % of local people but end of the day 'free markets' are driven by profits.
In a nutshell,
Asia's 50 best companies to work for. Huawei is only company in top-20
To contact us Click HERE
Source: Universum
Have a look and you'd be quite surprised at the results. No facebook or Yahoo in the list. From Singapore again there is none.
What surprises me is the position of Huawei in the list. I was under the impression that the work life in Huawei is not that great based on my friends feedback. Either my friends expectations are quite high or there is a different picture of Huawei outside of Singapore. In any case Huawei got three notches above Cisco which is one of its competitors. The traditional telecom competitors like Ericsson were ten notches below @ 27.
Interesting survey I'd say.
Have a look and you'd be quite surprised at the results. No facebook or Yahoo in the list. From Singapore again there is none.
What surprises me is the position of Huawei in the list. I was under the impression that the work life in Huawei is not that great based on my friends feedback. Either my friends expectations are quite high or there is a different picture of Huawei outside of Singapore. In any case Huawei got three notches above Cisco which is one of its competitors. The traditional telecom competitors like Ericsson were ten notches below @ 27.
Interesting survey I'd say.
Survey found most S’pore firms let employees work from home ??
To contact us Click HERE
Source: Yahoo
It's really a big joke :) The author must be trying to convey a different message but end up giving this wrong impression. Perhaps it should be something like,
Most S’pore firms ASK employees work from home AFTER OFFICE HOURS:
Anyway jokes aside, I am a strong supporter of telecommuting and it can be a deal breaker to me in a new job or my existing job. We are in a different world today where we don't have the luxuries of our dad/grandpa who used to finish their 9-5 job and come home without much tensions or thinking. But thanks to the pressure cooker culture and attitude to work we have a situation that many of Singaporeans can't stop thinking about work even when they are in toilet (Another survey from CNA says this that people bring their mobiles ;0). So telecommuting can help save couple of hours from travel time and most importantly it can help workers to be more "FLEXIBLE". Flexible doesn't mean to be less work but work when the person is more productive.
I know many people who are wonderful during early mornings. So they can stay home to focus on work rather than spending their valuable time in MRT or Bus. Same goes for late owls.
Even it helps Employers to trim down some of the cost in terms of real estate, cooling, power etc. This is what I'd say a win-win.
Sadly our local "managers" attitude is "Theory-X". i.e. assumes employees are inherently lazy and will avoid work if they can and that they inherently dislike work. As a result of this, management believes that workers need to be closely supervised and comprehensive systems of controls developed
And this is where the problem is. Today majority of modern theories shown that employees are of Type-Y or "Self Motivated" type and doesn't need to be "controlled" but provide help/assistance when needed. Instead of hierarchy, team/collaborative work practices are much more common.
I see some MNC's and local companies are on the right track (atleast from an employee point of view) and some are moving towards but IMO majority of local firms are way behind. It may take decades or centuries to change the attitude of 'boss-worker' mindset.
It's really a big joke :) The author must be trying to convey a different message but end up giving this wrong impression. Perhaps it should be something like,
Most S’pore firms ASK employees work from home AFTER OFFICE HOURS:
Anyway jokes aside, I am a strong supporter of telecommuting and it can be a deal breaker to me in a new job or my existing job. We are in a different world today where we don't have the luxuries of our dad/grandpa who used to finish their 9-5 job and come home without much tensions or thinking. But thanks to the pressure cooker culture and attitude to work we have a situation that many of Singaporeans can't stop thinking about work even when they are in toilet (Another survey from CNA says this that people bring their mobiles ;0). So telecommuting can help save couple of hours from travel time and most importantly it can help workers to be more "FLEXIBLE". Flexible doesn't mean to be less work but work when the person is more productive.
I know many people who are wonderful during early mornings. So they can stay home to focus on work rather than spending their valuable time in MRT or Bus. Same goes for late owls.
Even it helps Employers to trim down some of the cost in terms of real estate, cooling, power etc. This is what I'd say a win-win.
Sadly our local "managers" attitude is "Theory-X". i.e. assumes employees are inherently lazy and will avoid work if they can and that they inherently dislike work. As a result of this, management believes that workers need to be closely supervised and comprehensive systems of controls developed
And this is where the problem is. Today majority of modern theories shown that employees are of Type-Y or "Self Motivated" type and doesn't need to be "controlled" but provide help/assistance when needed. Instead of hierarchy, team/collaborative work practices are much more common.
- Today employees doesn't need to be "controlled" but " consulted" or offered assistance
- No longer hierarchical inherently but more of a collaborative structure
- Performance pay which promotes self motivation & drive
- No longer "hierarchical or position based power" but more of a "influence, persuasion power"
- Not really for $ but more of a complete package with $, balance, satisfaction.
I see some MNC's and local companies are on the right track (atleast from an employee point of view) and some are moving towards but IMO majority of local firms are way behind. It may take decades or centuries to change the attitude of 'boss-worker' mindset.
12 Ekim 2012 Cuma
IT Staff on Bench - Why can't INFY, Wipro take them to do something worthwhile?
To contact us Click HERE
Source: Economictimes
One would agree that IT firms need to have a good strategy on managing bench, but at the same time what I am surprised is why can't companies like Infosys could use the resources for some creative purposes. Instead of paying them 50% or 70% salaries and let them sit in cafes why can't they be assigned a task?
I am sure they hired the best of minds and these minds can be used to innovate the next Facebook or iTunes. Even they can be used for some out of box ideas to solve the problems faced by common man. Be it the solar power, or simple native language conversion or for that matter even try to 'digitize' the old paper based knowledge..
One would agree that IT firms need to have a good strategy on managing bench, but at the same time what I am surprised is why can't companies like Infosys could use the resources for some creative purposes. Instead of paying them 50% or 70% salaries and let them sit in cafes why can't they be assigned a task?
I am sure they hired the best of minds and these minds can be used to innovate the next Facebook or iTunes. Even they can be used for some out of box ideas to solve the problems faced by common man. Be it the solar power, or simple native language conversion or for that matter even try to 'digitize' the old paper based knowledge..
Singapore - myth of 'cheap' foreign workforce
To contact us Click HERE
Ok.This is very sensitive topic and I do not want to give any wrong impression. This is my 2c based on my experiences and observations.
I always took the position that companies are hiring foreigners not because they are cheap but they are more flexible. In the end the flexibility doesn't have to result in lower cost. I just saw an article from Jobstreet which is kind of supporting my observations. Just to mention "66 per cent of locals considered the low cost of labour the reason for hiring non-Singaporeans, only 16 per cent of employers cited this as the reason."
The problem is not the 'cost' but it is about the quality and even at times exposure. I've worked with many people from almost all the different categories of folks (i.e. Singaporeans, Almost Singaporeans, new Singaporeans, PR, EP ..) and I can see why $$$ is not the issue. Majority of knowledge workers are certainly making higher than their local counterparts (ofcourse including CPF) but still companies are going for them. Why ?
May be I can try to share my views based on a specific industry. This case my fav Mobile Industry. Mobile industry spans across all kind of trades from Radio to Sales/Front Office. So will try to share my views in detail here.
Experience / Exposure:
Being a tiny country we do not have the opportunity to experience many 'new' stuff and 'legacy' stuff. For example Microwave is a pretty common backhaul in Asia/rest of the world. But we do not have any idea and if we need to even test the microwave we need to get people from outside.
Another classic case was with prepaid explosion. Few years back no-body used to use Pre-paid. Suddenly due to the foreign worker growth there is a new market for pre-paid and our telco's has no idea how to handle. They needed expert knowledge from outside. So this is considered a legacy but still we haven't had the experience.
For the "new" stuff. Lets take an example of "Green telecom". If we're to try solar base station we do not have any experience. Again we've to look at Indonesia or India.
Regional / Out of Singapore roles:
When SingTel wants to hire a person who need to manage their regional assets (SingTel owns 100% Optus-Australia; strategic stakes in Bharti-India, Telkomsel-Indonesia; AIS-Thailand; Globe-Philippines & couple more in Pakistan, Bangladesh), who would SingTel hire? A person with 3G/LTE/IP knowledge in Singapore market or a person with 2G/3G/IP/TDM knowledge from overseas?
Be it the local regulatory stuff or technologies or for that matter the mechanism of day to day work. We do not really have the skill set. Similarly, if the job requires to spend significant time in western europe or USA (For international sales or consultancy), again no choice but to get a person with real experience from those countries.
Generalist:
This is another area we need to improve. Now the world is changing pretty fast and with automation the jobs are getting simplified (and eliminated at the same time too).However we are still focusing too much on 'specialization' and going to narrow. Imagine if the same job can be done (with google help) by an engineer from vietnam/myanmar why would the employer (profit oriented) would like to pay higher pay to a local engineer?
So we need to differentiate ourselves and this is not a bad thing in my opinion. Government can help with policy/regulatory stuff to have specific % of local people but end of the day 'free markets' are driven by profits.
In a nutshell,
I always took the position that companies are hiring foreigners not because they are cheap but they are more flexible. In the end the flexibility doesn't have to result in lower cost. I just saw an article from Jobstreet which is kind of supporting my observations. Just to mention "66 per cent of locals considered the low cost of labour the reason for hiring non-Singaporeans, only 16 per cent of employers cited this as the reason."
The problem is not the 'cost' but it is about the quality and even at times exposure. I've worked with many people from almost all the different categories of folks (i.e. Singaporeans, Almost Singaporeans, new Singaporeans, PR, EP ..) and I can see why $$$ is not the issue. Majority of knowledge workers are certainly making higher than their local counterparts (ofcourse including CPF) but still companies are going for them. Why ?
May be I can try to share my views based on a specific industry. This case my fav Mobile Industry. Mobile industry spans across all kind of trades from Radio to Sales/Front Office. So will try to share my views in detail here.
Experience / Exposure:
Being a tiny country we do not have the opportunity to experience many 'new' stuff and 'legacy' stuff. For example Microwave is a pretty common backhaul in Asia/rest of the world. But we do not have any idea and if we need to even test the microwave we need to get people from outside.
Another classic case was with prepaid explosion. Few years back no-body used to use Pre-paid. Suddenly due to the foreign worker growth there is a new market for pre-paid and our telco's has no idea how to handle. They needed expert knowledge from outside. So this is considered a legacy but still we haven't had the experience.
For the "new" stuff. Lets take an example of "Green telecom". If we're to try solar base station we do not have any experience. Again we've to look at Indonesia or India.
Regional / Out of Singapore roles:
When SingTel wants to hire a person who need to manage their regional assets (SingTel owns 100% Optus-Australia; strategic stakes in Bharti-India, Telkomsel-Indonesia; AIS-Thailand; Globe-Philippines & couple more in Pakistan, Bangladesh), who would SingTel hire? A person with 3G/LTE/IP knowledge in Singapore market or a person with 2G/3G/IP/TDM knowledge from overseas?
Be it the local regulatory stuff or technologies or for that matter the mechanism of day to day work. We do not really have the skill set. Similarly, if the job requires to spend significant time in western europe or USA (For international sales or consultancy), again no choice but to get a person with real experience from those countries.
Generalist:
This is another area we need to improve. Now the world is changing pretty fast and with automation the jobs are getting simplified (and eliminated at the same time too).However we are still focusing too much on 'specialization' and going to narrow. Imagine if the same job can be done (with google help) by an engineer from vietnam/myanmar why would the employer (profit oriented) would like to pay higher pay to a local engineer?
So we need to differentiate ourselves and this is not a bad thing in my opinion. Government can help with policy/regulatory stuff to have specific % of local people but end of the day 'free markets' are driven by profits.
In a nutshell,
Asia's 50 best companies to work for. Huawei is only company in top-20
To contact us Click HERE
Source: Universum
Have a look and you'd be quite surprised at the results. No facebook or Yahoo in the list. From Singapore again there is none.
What surprises me is the position of Huawei in the list. I was under the impression that the work life in Huawei is not that great based on my friends feedback. Either my friends expectations are quite high or there is a different picture of Huawei outside of Singapore. In any case Huawei got three notches above Cisco which is one of its competitors. The traditional telecom competitors like Ericsson were ten notches below @ 27.
Interesting survey I'd say.
Have a look and you'd be quite surprised at the results. No facebook or Yahoo in the list. From Singapore again there is none.
What surprises me is the position of Huawei in the list. I was under the impression that the work life in Huawei is not that great based on my friends feedback. Either my friends expectations are quite high or there is a different picture of Huawei outside of Singapore. In any case Huawei got three notches above Cisco which is one of its competitors. The traditional telecom competitors like Ericsson were ten notches below @ 27.
Interesting survey I'd say.
Understanding ROE, ROCE and Shareholder's Equity
To contact us Click HERE
Return on Equity (Return on Net worth)
Return on Equity (ROE), also called as Return on Net Worth, is one of the key financial ratios which indicates how well the management has been efficient in managing the company's assets. In my early days in the investing world, this is the ratio which confused me the most. Return on Equity is defined by the following formula
What is confusing in the above formula for beginners is the meaning of 'Shareholder's equity'. Shareholder's equity should not be confused with 'total value of all the equities, i.e. shares'. The later is called market capitalization of the company. Shareholder's equity is defined by
Shareholder's equity = Total Assets - Total Liability
In other words, Shareholder's equity is nothing but the amount of money that the company would be worth if it were to go bankrupt at this very moment. This is also called as book value.
Example of Return on Equity : Let us say a company earns Rs. 100 per share and the book value of the company is Rs. 300. Then the Return on equity is 33.3%.
ROCE = Operating Profit / Capital Employed.
Operating Profit means profit before tax, depreciation, interest and exceptional items. While Capital Employed is the cash (& assets) that was actually used to do the business in that year. The formula for calculating Capital Employed is
Capital Employed = Total Assets - Current Liabilities
Note that Current Liabilities are those liabilities which the company has to meet immediately (in the coming year). ROCE can sometimes give a slightly accurate picture than ROE, but I have found that overall if you look at the values of ROE for the past 5 years, you get roughly the same picture of the company as you would get by looking at values of ROCE. Moreover, ROE is easier to calculate.
Return on Equity (Return on Net worth)
Return on Equity (ROE), also called as Return on Net Worth, is one of the key financial ratios which indicates how well the management has been efficient in managing the company's assets. In my early days in the investing world, this is the ratio which confused me the most. Return on Equity is defined by the following formulaWhat is confusing in the above formula for beginners is the meaning of 'Shareholder's equity'. Shareholder's equity should not be confused with 'total value of all the equities, i.e. shares'. The later is called market capitalization of the company. Shareholder's equity is defined by
Shareholder's equity = Total Assets - Total Liability
In other words, Shareholder's equity is nothing but the amount of money that the company would be worth if it were to go bankrupt at this very moment. This is also called as book value.
How to calculate ROE?
In order to calculate ROE, Return on Equity, lookup any financial portal or the company's annual report for the following- EPS - the earning per share of the company.
- Book Value - The book value of the company per share (i.e. shareholder's equity divided by the number of shares).
Example of Return on Equity : Let us say a company earns Rs. 100 per share and the book value of the company is Rs. 300. Then the Return on equity is 33.3%.
Typical values of Return on Equity and what it means
As a general rule of thumb, you should be careful while investing in any company whose ROE is less than 10%. I personally prefer stocks which give a return on equity of at least 20% or more. Obviously return on equity is a direct measure of how well the company is generating cash with the amount of 'shareholder's money' it has. There is one more thing which ROE tells you and which most financial websites don't mention. ROE also tells you how easy it is for the company to profitably expand its business. For example, let us take a situation where the company does not have any debt. Then an ROE of 25% means that the company is producing Rs. 25 for every Rs. 100 of assets it has. Thus if the company were to expand its business, then for every Rs. 100 spent on expansion, it would earn Rs. 25, which is greater than the usual interest rates. If ROE is roughly the same as the bank interest rates, then it means that even if the company expands, it will take a long time for it to make its investments in expansion profitable.Variations: Return on Average Equity
The Book Value of a company can significantly change during a given year. In these circumstances, one can calculate the average book value (average of the book value in the beginning of the year and at the end of the year) and use it to calculate ROE.What ROE does not tell you
ROE, like any other financial ratio is very far from being perfect. For example, ROE does not tell you anything about the debt of the company. As explained before it does say something about the potential of the company to expand its business, but does not actually tell you anything about the possible or expected growth of the company. Nevertheless, ROE is a very basic ratio, and used in addition with few other indicators like topline growth and financial ratios like P/E, Debt/Equity and profit margins can give a reasonable good and quick overview of the company.ROE versus ROCE
A related ratio to Return on Equity is Return on Capital Employed (ROCE) or also called by the name of Return on Capital Invested (ROCI). ROCE is defined to beROCE = Operating Profit / Capital Employed.
Operating Profit means profit before tax, depreciation, interest and exceptional items. While Capital Employed is the cash (& assets) that was actually used to do the business in that year. The formula for calculating Capital Employed is
Capital Employed = Total Assets - Current Liabilities
Note that Current Liabilities are those liabilities which the company has to meet immediately (in the coming year). ROCE can sometimes give a slightly accurate picture than ROE, but I have found that overall if you look at the values of ROE for the past 5 years, you get roughly the same picture of the company as you would get by looking at values of ROCE. Moreover, ROE is easier to calculate.
Related Posts on Financial concepts and Investment Basics |
What makes 'bad' so hard?
To contact us Click HERE
I enjoyed this quote from the movie 'As Good As It Gets':
Carol(Helen Hunt) - OK, we all have these terrible stories to get over, and you-...
Melvin(Jack Nicholson)- It's not true. Some have great stories, pretty stories that take place at lakes with boats and friends and noodle salad. Just no one in this car. But, a lot of people, that's their story. Good times, noodle salad. What makes it so hard is not that you had it bad, but that you're that pissed that so many others had it good.
Jack Nicholson was so damn funny in this :)
The take away from this (for me atleast) was that- what others get in life should not be a yardstick to measure what you get.. Lets appreciate that each of us is unique and lets bring out the best that we are capable of!
Carol(Helen Hunt) - OK, we all have these terrible stories to get over, and you-...
Melvin(Jack Nicholson)- It's not true. Some have great stories, pretty stories that take place at lakes with boats and friends and noodle salad. Just no one in this car. But, a lot of people, that's their story. Good times, noodle salad. What makes it so hard is not that you had it bad, but that you're that pissed that so many others had it good.
Jack Nicholson was so damn funny in this :)
The take away from this (for me atleast) was that- what others get in life should not be a yardstick to measure what you get.. Lets appreciate that each of us is unique and lets bring out the best that we are capable of!
11 Ekim 2012 Perşembe
Jasmine - Youtube client on iPhone
To contact us Click HERE
I am a great fan of browser based stuff so I don't have to install a *special* app for doing the same task.
For example, the original Youtube app bundled with iOS (before iOS6) was a waste and it doesn't even offer HD content. On the other hand Safari lets you choose HD option.
Recently I see many people started using Jasmine. I was told that this is from Jason Morrissey (yeah, the guy behind Alien Blue) so thought of giving it a try.
I must say, the first look itself is pretty impressive. The interface is simple & elegant. The focus is on "search" functionality. I felt that somehow it is rather fast compared to browser based youtube, and also the playback is smooth.
Now the bad part, is you'll lose the options in Youtube. i.e. the browser based search queries, , long, recent, etc. Also it doesn't let you sort by date, popularity etc. So end up going back to browser based :)
However if there is an app which is simple, elegant & easy for youtube, then Jasmine will be at the top. You can try it @ iTunes.
iTunes link
I am a great fan of browser based stuff so I don't have to install a *special* app for doing the same task.
For example, the original Youtube app bundled with iOS (before iOS6) was a waste and it doesn't even offer HD content. On the other hand Safari lets you choose HD option.
Recently I see many people started using Jasmine. I was told that this is from Jason Morrissey (yeah, the guy behind Alien Blue) so thought of giving it a try.
I must say, the first look itself is pretty impressive. The interface is simple & elegant. The focus is on "search" functionality. I felt that somehow it is rather fast compared to browser based youtube, and also the playback is smooth.
Now the bad part, is you'll lose the options in Youtube. i.e. the browser based search queries, , long, recent, etc. Also it doesn't let you sort by date, popularity etc. So end up going back to browser based :)
However if there is an app which is simple, elegant & easy for youtube, then Jasmine will be at the top. You can try it @ iTunes.
iTunes link
M1 did it again. 200Mbps FTTx SGD 49/month
To contact us Click HERE
Source; M1 Promotions
Just after an year or so since we saw $ 29 / 50Mbps; $39/100 Mbps, M1 started the price war again with $49/200Mbps plan.
Wait.. The 49 includes, Home Fixed voice services & Mobile broadband data service (for your tab or iPad). With the current bundled plans of 2GB mobile data it makes perfect sense to subscribe to a separate data plan for tab and this is where I believe M1 is aiming.
Ofcourse, the question is how *FAST* the 200Mbps can take us to internet highway. The problem in Singapore is the content is not hosted locally (even with massive Peta Bytes of Cache from SingTel, Google) so the overseas internet bandwidth is important and this is where we need to improve .
Just after an year or so since we saw $ 29 / 50Mbps; $39/100 Mbps, M1 started the price war again with $49/200Mbps plan.
Wait.. The 49 includes, Home Fixed voice services & Mobile broadband data service (for your tab or iPad). With the current bundled plans of 2GB mobile data it makes perfect sense to subscribe to a separate data plan for tab and this is where I believe M1 is aiming.
Ofcourse, the question is how *FAST* the 200Mbps can take us to internet highway. The problem in Singapore is the content is not hosted locally (even with massive Peta Bytes of Cache from SingTel, Google) so the overseas internet bandwidth is important and this is where we need to improve .
Ah..Postino's
To contact us Click HERE
I've always loved this spot. In fact I may have blogged about them earlier.
You always get a bruschetta board. Get the tomato jam+cheese, Smoked Salmon+Pesto, Roasted pepper+Goat cheese and prosciutto+fig and cheese.
Also, the beauty of this place is that it has a great happy hour. I mean who does not love happy hour. So while you are at it.. Get a pitcher of Hoegaarten with the bruschetta board.
Their sandwiches are good too and I am a personal fan of the autostrada on a ciabatta.
Hope you love this place! If not, shoot me a note and we shall discuss!
- Posted using BlogPress from my iPhone
I've always loved this spot. In fact I may have blogged about them earlier.
You always get a bruschetta board. Get the tomato jam+cheese, Smoked Salmon+Pesto, Roasted pepper+Goat cheese and prosciutto+fig and cheese.
Also, the beauty of this place is that it has a great happy hour. I mean who does not love happy hour. So while you are at it.. Get a pitcher of Hoegaarten with the bruschetta board.
Their sandwiches are good too and I am a personal fan of the autostrada on a ciabatta.
Hope you love this place! If not, shoot me a note and we shall discuss!
- Posted using BlogPress from my iPhone
S'mores and more!
To contact us Click HERE
Frank and alberts. Fantastic food! Good drinks and great service. Now this doesn't come cheap but it is so worth it!
We had hand rubbed pork ribs with homemade corn biscuit and red beans and salmon with panchetta and spinach.
They also have complete meals that are paired with beer!
Try the Frank and Albert's lemonade.
Now this is one thing I do not want you to miss!
S'more cooked table-side. How fantastic (and delish) is that!!! We ordered the Frank and Albert sampler also which was 4 tiny cups of mostly Ben and Jerry's ice cream with nice homemade whipped cream and fruit bits made into small sundaes! Fantastic!
I might just come back for their great service and their deserts!
- Posted using BlogPress from my iPhone
We had hand rubbed pork ribs with homemade corn biscuit and red beans and salmon with panchetta and spinach.
They also have complete meals that are paired with beer!
Try the Frank and Albert's lemonade.
Now this is one thing I do not want you to miss!
S'more cooked table-side. How fantastic (and delish) is that!!! We ordered the Frank and Albert sampler also which was 4 tiny cups of mostly Ben and Jerry's ice cream with nice homemade whipped cream and fruit bits made into small sundaes! Fantastic!
I might just come back for their great service and their deserts!
- Posted using BlogPress from my iPhone
Location:Pima Fwy,Scottsdale,United States
Rito's burritos!
To contact us Click HERE
Rito's burritos never get old. Phenomenally crafted they are runny, and have the nicest softness.
All we get is a bean burro enchilada style. The enchilada sauce will change your life!!
This is a spot that has a set menu. There are no alterations. You get what they have on the menu. Period.
But no matter what you get, get it with the enchilada sauce!
Ps. Always packed.
- Posted using BlogPress from my iPhone
All we get is a bean burro enchilada style. The enchilada sauce will change your life!!
This is a spot that has a set menu. There are no alterations. You get what they have on the menu. Period.
But no matter what you get, get it with the enchilada sauce!
Ps. Always packed.
- Posted using BlogPress from my iPhone
Location:N 11th St,Phoenix,United States
10 Ekim 2012 Çarşamba
Apple Patent Filing Shows Touch-Enabled iMac, MacBook
To contact us Click HERE
Apple Patent Filing Shows Touch-Enabled iMac, MacBook
--- Apple recently filed patents for new technologies it plans to unveil in their new lineup of Mac books and iMac. The patent shows how apple plans to expand its extremely potent touch-pad design to other devices it already has and re-package them to launch as new products.
Apple had already launched its touch-pad to be used as an attachment with its desktops as you can see here Apple Magic Trackpad.
--- Apple recently filed patents for new technologies it plans to unveil in their new lineup of Mac books and iMac. The patent shows how apple plans to expand its extremely potent touch-pad design to other devices it already has and re-package them to launch as new products.
Apple had already launched its touch-pad to be used as an attachment with its desktops as you can see here Apple Magic Trackpad.
Ah..Postino's
To contact us Click HERE
I've always loved this spot. In fact I may have blogged about them earlier.
You always get a bruschetta board. Get the tomato jam+cheese, Smoked Salmon+Pesto, Roasted pepper+Goat cheese and prosciutto+fig and cheese.
Also, the beauty of this place is that it has a great happy hour. I mean who does not love happy hour. So while you are at it.. Get a pitcher of Hoegaarten with the bruschetta board.
Their sandwiches are good too and I am a personal fan of the autostrada on a ciabatta.
Hope you love this place! If not, shoot me a note and we shall discuss!
- Posted using BlogPress from my iPhone
I've always loved this spot. In fact I may have blogged about them earlier.
You always get a bruschetta board. Get the tomato jam+cheese, Smoked Salmon+Pesto, Roasted pepper+Goat cheese and prosciutto+fig and cheese.
Also, the beauty of this place is that it has a great happy hour. I mean who does not love happy hour. So while you are at it.. Get a pitcher of Hoegaarten with the bruschetta board.
Their sandwiches are good too and I am a personal fan of the autostrada on a ciabatta.
Hope you love this place! If not, shoot me a note and we shall discuss!
- Posted using BlogPress from my iPhone
S'mores and more!
To contact us Click HERE
Frank and alberts. Fantastic food! Good drinks and great service. Now this doesn't come cheap but it is so worth it!
We had hand rubbed pork ribs with homemade corn biscuit and red beans and salmon with panchetta and spinach.
They also have complete meals that are paired with beer!
Try the Frank and Albert's lemonade.
Now this is one thing I do not want you to miss!
S'more cooked table-side. How fantastic (and delish) is that!!! We ordered the Frank and Albert sampler also which was 4 tiny cups of mostly Ben and Jerry's ice cream with nice homemade whipped cream and fruit bits made into small sundaes! Fantastic!
I might just come back for their great service and their deserts!
- Posted using BlogPress from my iPhone
We had hand rubbed pork ribs with homemade corn biscuit and red beans and salmon with panchetta and spinach.
They also have complete meals that are paired with beer!
Try the Frank and Albert's lemonade.
Now this is one thing I do not want you to miss!
S'more cooked table-side. How fantastic (and delish) is that!!! We ordered the Frank and Albert sampler also which was 4 tiny cups of mostly Ben and Jerry's ice cream with nice homemade whipped cream and fruit bits made into small sundaes! Fantastic!
I might just come back for their great service and their deserts!
- Posted using BlogPress from my iPhone
Location:Pima Fwy,Scottsdale,United States
Rito's burritos!
To contact us Click HERE
Rito's burritos never get old. Phenomenally crafted they are runny, and have the nicest softness.
All we get is a bean burro enchilada style. The enchilada sauce will change your life!!
This is a spot that has a set menu. There are no alterations. You get what they have on the menu. Period.
But no matter what you get, get it with the enchilada sauce!
Ps. Always packed.
- Posted using BlogPress from my iPhone
All we get is a bean burro enchilada style. The enchilada sauce will change your life!!
This is a spot that has a set menu. There are no alterations. You get what they have on the menu. Period.
But no matter what you get, get it with the enchilada sauce!
Ps. Always packed.
- Posted using BlogPress from my iPhone
Location:N 11th St,Phoenix,United States
Understanding ROE, ROCE and Shareholder's Equity
To contact us Click HERE
Return on Equity (Return on Net worth)
Return on Equity (ROE), also called as Return on Net Worth, is one of the key financial ratios which indicates how well the management has been efficient in managing the company's assets. In my early days in the investing world, this is the ratio which confused me the most. Return on Equity is defined by the following formula
What is confusing in the above formula for beginners is the meaning of 'Shareholder's equity'. Shareholder's equity should not be confused with 'total value of all the equities, i.e. shares'. The later is called market capitalization of the company. Shareholder's equity is defined by
Shareholder's equity = Total Assets - Total Liability
In other words, Shareholder's equity is nothing but the amount of money that the company would be worth if it were to go bankrupt at this very moment. This is also called as book value.
Example of Return on Equity : Let us say a company earns Rs. 100 per share and the book value of the company is Rs. 300. Then the Return on equity is 33.3%.
ROCE = Operating Profit / Capital Employed.
Operating Profit means profit before tax, depreciation, interest and exceptional items. While Capital Employed is the cash (& assets) that was actually used to do the business in that year. The formula for calculating Capital Employed is
Capital Employed = Total Assets - Current Liabilities
Note that Current Liabilities are those liabilities which the company has to meet immediately (in the coming year). ROCE can sometimes give a slightly accurate picture than ROE, but I have found that overall if you look at the values of ROE for the past 5 years, you get roughly the same picture of the company as you would get by looking at values of ROCE. Moreover, ROE is easier to calculate.
Return on Equity (Return on Net worth)
Return on Equity (ROE), also called as Return on Net Worth, is one of the key financial ratios which indicates how well the management has been efficient in managing the company's assets. In my early days in the investing world, this is the ratio which confused me the most. Return on Equity is defined by the following formulaWhat is confusing in the above formula for beginners is the meaning of 'Shareholder's equity'. Shareholder's equity should not be confused with 'total value of all the equities, i.e. shares'. The later is called market capitalization of the company. Shareholder's equity is defined by
Shareholder's equity = Total Assets - Total Liability
In other words, Shareholder's equity is nothing but the amount of money that the company would be worth if it were to go bankrupt at this very moment. This is also called as book value.
How to calculate ROE?
In order to calculate ROE, Return on Equity, lookup any financial portal or the company's annual report for the following- EPS - the earning per share of the company.
- Book Value - The book value of the company per share (i.e. shareholder's equity divided by the number of shares).
Example of Return on Equity : Let us say a company earns Rs. 100 per share and the book value of the company is Rs. 300. Then the Return on equity is 33.3%.
Typical values of Return on Equity and what it means
As a general rule of thumb, you should be careful while investing in any company whose ROE is less than 10%. I personally prefer stocks which give a return on equity of at least 20% or more. Obviously return on equity is a direct measure of how well the company is generating cash with the amount of 'shareholder's money' it has. There is one more thing which ROE tells you and which most financial websites don't mention. ROE also tells you how easy it is for the company to profitably expand its business. For example, let us take a situation where the company does not have any debt. Then an ROE of 25% means that the company is producing Rs. 25 for every Rs. 100 of assets it has. Thus if the company were to expand its business, then for every Rs. 100 spent on expansion, it would earn Rs. 25, which is greater than the usual interest rates. If ROE is roughly the same as the bank interest rates, then it means that even if the company expands, it will take a long time for it to make its investments in expansion profitable.Variations: Return on Average Equity
The Book Value of a company can significantly change during a given year. In these circumstances, one can calculate the average book value (average of the book value in the beginning of the year and at the end of the year) and use it to calculate ROE.What ROE does not tell you
ROE, like any other financial ratio is very far from being perfect. For example, ROE does not tell you anything about the debt of the company. As explained before it does say something about the potential of the company to expand its business, but does not actually tell you anything about the possible or expected growth of the company. Nevertheless, ROE is a very basic ratio, and used in addition with few other indicators like topline growth and financial ratios like P/E, Debt/Equity and profit margins can give a reasonable good and quick overview of the company.ROE versus ROCE
A related ratio to Return on Equity is Return on Capital Employed (ROCE) or also called by the name of Return on Capital Invested (ROCI). ROCE is defined to beROCE = Operating Profit / Capital Employed.
Operating Profit means profit before tax, depreciation, interest and exceptional items. While Capital Employed is the cash (& assets) that was actually used to do the business in that year. The formula for calculating Capital Employed is
Capital Employed = Total Assets - Current Liabilities
Note that Current Liabilities are those liabilities which the company has to meet immediately (in the coming year). ROCE can sometimes give a slightly accurate picture than ROE, but I have found that overall if you look at the values of ROE for the past 5 years, you get roughly the same picture of the company as you would get by looking at values of ROCE. Moreover, ROE is easier to calculate.
Related Posts on Financial concepts and Investment Basics |
Kaydol:
Yorumlar (Atom)