Palm oil plantation land

poolsurf06 — Mon, 29 Aug 2011 15:03:39 +0800

Someone try to sell me on leasing palm oil plantation land. Can't afford it nor it's my cup of tea. Thought of sharing here and get opinion on the deal.

Land size 100hectares with 95hectares of young palm oil (3-4 yrs - just mature for harvest)
Facilities: small truck,basic water pump and electricity, house for manager and workers, cows [yeah, but aren't sure if you are allowed to sell the cows]
Lease period: 30yrs, asking price RM2.7mill.

My simple calculation for 22 yrs of harvest

Palm oil fruit price @ RM300/tonne (~lowest in past 30yrs)

Total expected revenue: 7.5million
Discounted
5% PV 2.56million

Palm oil fruit price @ RM700/tonne (current)

Total expected revenue: 17mill
Discounted
~9% PV 2.6million

Possible Problem: Finding labor to manage.

I don't think it's worth given that it's much hassle and ROI is not that great. Any opinion?

Diamond machine payments

poolsurf06 — Tue, 09 Aug 2011 23:16:39 +0800

Am not sure if I suppose to post it here but it sounds related to me.

Wonder if any of you bought diamond water machines at installment before and have the same problem as me and also, how to solve it.

I sign up for this installment plan 3 years back and hand them the photocopy of my credit card with all the forms required. However, no charges was done on my credit card. I called the agent once after six months about the payment and she says don't bother, they will charge. I did call the company service twice but they couldn't settle for me either. And they only came and service 1st year as per-promised after I called, not the subsequent years. 2nd year, they came a letter that charge me extra rm5 for late payment for each month from the 1st payment. I called the service center, and re-photocopy the credit card to my agent but noting was charged either. 3 years down the road, the machines is defaulted, and I called the customer service they refused to come for repairs due to my "over-debt". I explain to three customer service, phone 5 times to the finance department which no one pick up, and one of the customer service promised to hand my case to them but no one called me either. I have gave out and change and put the equipment somewhere. However, the contract will end end of this year, and suppose they would turn up to ask for those payment, I don't mind paying the monthly fee despite no service but I don't think it's fair that they charge me RM5 extra for each month. Of course I could go consumer court but for a small amount and sucks machine like this, I rather says, take your smelly money and go away. But what if they doesn't come? Am suppose to "safe" keep the machine? And will the late charges continue?

It's been long, thanks for reading. Does any of you encounter this before? How do you solve it?

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Palm oil plantation land

Diamond machine payments