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Going to a toga party, Kylie? Minogue's bizarre and unflattering 'bed sheet' dress

Tuesday, August 31, 2010

By Daily Mail Reporter

What was she thinking? Kylie Minogue steps out of her New York hotel this morning in a toga-inspired dress


Kylie Minogue appeared to have left the bedclothes on as she breezed out on to the streets of New York this morning in an odd-looking white dress.

The Australian singer, who's usually on top fashion form, let the side down in a bizarre bed sheet-style number which looked rather like a toga.

She fastened her baggy outfit, complete with a silver neck trim, with a high-waisted belt and silver and black sandals.

Hiding behind a pair of sunglasses, the 42-year-old pop star waved to photographers as she flounced out of her hotel, fresh from an apparent raid of the dressing up box.

Former actress Kylie, who played mechanic Charlene Robinson in Aussie soap Neighbours back in the Eighties, is in the Big Apple following a gig she did at the weekend with singer Rufus Wainwright.

She wore a leopard-print Dolce & Gabbana fish-tail gown to perform with the Canadian-American singer at The Last Song of Summer Concert at The Watermill Centre.


Not a good look: The Australian pop star looked like she had raided the dressing up box


Their set included a number of duets including Can't Get You Out of My Head and Locomotion, as well as Somewhere Over the Rainbow and Leonard Cohen’s Hallelujah.

Their performance was to benefit The Windmill Centre, founded by Robert Wilson, which supports emerging artists.

Kylie, who is promoting new album Aphrodite in the States, tweeted enthusiastically before the event: 'This afternoon it all happens! :) I am so excited. Robert Wilson is a L*E*G*E*N*D and singing with Rufus divine!'



A better look: Kylie is in the States promoting her album Aphrodite and on Saturday performed with Rufus Wainwright in the Hamptons


It was the first time they have performed together, but their mutual admiration is obvious. Miss Minogue gushed to the Wall Street Journal at the event:

'I'm a great admirer of his work and was thrilled when he came to see my concert at the Hammerstein Ballroom in NYC last year.

'I absolutely adore doing these types of one-off gigs.

'To share these moments with fellow artists, to be able to go off-piste and perform different songs and different styles is like food for the creative soul.'


source: dailymail

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Review Of KNM's Earnings

KNM reported its earnings on 30th Aug 2010. And as expected, it wasn't nice at all.

LOL! 'And as expected'?

Well ... seriously what do you expect from the company when the management was more focused on trying to buyout the company? Yes, where is the company's focus? What's the company's priority?

Is the company focused on making more money?

Was it?

Apparently the company's management was more focused on its management buyout than its own business.

How unlucky for the investing public that the MBO had failed!

Yes... what do you expect? what did I expect?

:P

Posted one time too few....



  1. 24 June 2010: KNM: I Just Love The Way The Boss Talks!
  2. 26 May 2010: Oh KNM, Can You Please Buyout The Company At 90 Sen? ( How unlucky the minority shareholders the buyout failed! :P )
  3. 28 April 2010: I Just Like KNM So So So Much
  4. 22 April 2010: Why I Like KNM Even So Much More Today!
  5. 21 April 2010: Why I Also Like KNM A Whole Lot
  6. 15 April 2010: KNM's MBO Fails
  7. 23 March 2010: KNM: Should I Stay Or Should I Go?
  8. 23 March 2010: KNM: Do Show Us The Money!
  9. 22 June 2009: More On KNM
  10. 17 June 2009: Regarding KNM's MD Disposal Of Shares For A Cool RM64 Million ( Did you miss this? Did you? Did you? :P )
  11. 26 November 2008: KNM Q3 Earnings (where's the creation of wealth?)
  12. 27 Oct 2008: Regarding KNM's Sell Down! ( Did you also miss this? :P )
  13. 24 Oct 2008: KNM Comments About BTimes Article (LOL!)


So how poor was KNM's earnings?





Current fy 2010 ytd numbers indicate that 2010 would be another disappointing year and it should be even worse than 2009! Which would means two years of earnings decline!

And if memory does not fail me, KNM became a darling stock because of its spectacular earnings growth ( aha.. the 'engineered' growth via acquisitions and.... debt! :P )

In 2004, it earned only 15 million. 2 years later it earned some 133.5 million. Yup! Spectacular earnings growth and the market loved what it saw and KNM became a darling stock.

And that's not all!

The earnings table above is 'distorted' because KNM's earnings was boosted by the "recognition of tax incentive granted for Borsig acquisition".



Now imagine if KNM did NOT get this tax incentive?

Can you picture how 'good' KNM's earnings was??????

Exactly!

Don't you wish for that so-called 90 sen MBO!!!! :P



Now apparently, MiB ( Maybank Investment Banking yo! And not Men In Black! :P ) disagrees! MiB reckons that KNM is 'recovering'! :P


And the statement that stood out the most was...
  • KNM remains a Buy with a RM0.55 TP (9x 2011 EPS). We see limited downside, for most of the operating negatives have been priced in. Reputation rebuilding remains a work in progress.

Limited downside! The classical 'negatives all priced in'!

Huhu! Wiki wiki!

KNM currently down some 9.3%. It last traded at 44 sen. ( That MBO price... how muchie? :P :P )

Now the BUY TP.... based on 9x 2011 EPS.

Sounds reasonable at first sight but apparently stocks and recommendations is unlike love at first sight!

Time to check out KNM's estimates. :P



And MiB 'expected' earnings for KNM is 232.4 million for KNM's fy 2011!

Remember, KNM's ytd 2010 earnings is 54.478 million (which was boosted by some 45.474 million in tax benefits!).

How?

Do you like KNM or not?

:P

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And Swee Joo Comes Crashing Down

Blogged several times before

  1. 12 Aug 2010: Swee Joo In Deep Water
  2. Feb 2010: More Losses Recorded By Swee Joo!
  3. Dec 2009: Review of Swee Joo's Earnings
  4. Aug 2009: Featured Report: KN on Swee Joo **
  5. Aug 2009: A Quick Look At Swee Joo's Earnings
  6. Jul 2009: iCapital And Swee Joo
  7. Feb 2009:Update On Swee Joo's Earnings
  8. Nov 2008: Shipper Swee Joo Announces Losses

Swee Joo announced its earnings on 30th Aug 2010.

It reported some 6.575 million losses and total losses for the year totalled 38.827 million.

Total cash stands at 12.102 million but total borrowings stands at 383.552 million.

Today, the stock is getting hammered. Stock is now trading at 19 sen!

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nadine jansen


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Justin Bieber 2010

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Merengue Dancing Dog

Dancing dog doing the Merengue. Smartest dog ever!

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110 Very Rare Star Wars Photos

These are some rare photos of your favorite Star Wars characters. What makes them rare is that some of them were taken during production of the movie, while others were taken of the characters during breaks in between takes and yet others were taken off set. They are indeed rare Star Wars photos.































































































































































































































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