Random Thoughts: Politics last thoughts.

I think, like most of my colleagues and friends, that we are tired of discussing politics.

On Monday we have 7 main intersections being shut down, in the end there still isn’t a clear solution in sight, we have a government that has been fairly quiet during the protests, keeping the potential for violence to a minimum which can also be seen as a way of ensuring the military doesn’t have an excuse for a coup. In reality the Government doesn’t have to step down, legally they are elected, and most likely if there was another election, will be elected yet again.

So Suthep et al have to resort to this method in order to somehow regain significance and power. A funny thing, we believe, is that he’s harming Bangkok, one of the democrats major support bases with this shutdown, another funny thing is people are giving him cash…ok…he’s also well-known to be incredibly corrupt, and we’ve had to deal with him in the past, and..no comment.

I’m not saying that Thaksin is that much better when it comes to corruption. But I would prefer that the law is followed.  Normally we see a typically Thai compromise, however here I can’t just yet, the military is quiet, Thaksin and Suthep are both incredibly stubborn and the other pillar of Thailand is…no comment…

What is far more interesting are the legal cases that are pending, as the King had stated in his past birthday speeches, it is up the courts of Thailand to uphold the law, and this to me is by far the most important element within this whole saga.

Lets see what happens next week.

What the CPALL?

I think a lot of market participants were surprised by the sudden drop of CPALL on Friday’s trading (it finished down 3% for the day), first thinking it was market related only for the counter to remain under pressure for most of the day.

140111 CPALLSo what happened?

CPF Announced its wholly-owned subsidiary, C.P. Foods Holdings Ltd (CPFH) will issue $290.4 bn bonds providing an option to exchange the bonds into CPALL shares @ a conversion price of THB 53.30 per share or redeem the bonds after year 2 or hold to maturity of 5 years.

Any real impact on the company? Continue reading What the CPALL?