Temasek sold Barclays stake, lost 1 b

Cram SG

http://www.reuters.com/article/rbssFinancialServicesAndRealEstateNews/idUSWLA574220090603

angel7030 SG

Aiya, the price was not know, who knows gain or lost?? people just like to spectaculate it.

Ah Chia SG

Jun 3, 2009

LONDON, June 3 (Reuters) - Singapore state investor Temasek sold its stake in British bank Barclays Plc (BARC.L) several months ago at a big loss, people familiar with the matter said on Wednesday.

After spending over 1 billion pounds on the shares in the last two years, unlisted Temasek [TEM.UL] may have lost over 800 million pounds ($1.3 billion) on the investment, according to calculations by Reuters.

Temasek sold its near 2 percent stake in Britain's second biggest bank in December and January, one of the sources said. The sources declined to be named due to the confidential nature of the investment.

Temasek and Barclays declined to comment, and details of the price it sold at were not known.

http://www.reuters.com/article/rbss

Why this Temasek, GIC keep on losing billions after billions?

This is getting serious and worrying.

angel7030 SG

Jun 3, 2009

Temasek and Barclays declined to comment, and details of the price it sold at were not known.

http://www.reuters.com/article/rbss

Why this Temasek, GIC keep on losing billions after billions?

This is getting serious and worrying.

Price sold unknown mah, maybe gain privately.

Cram SG

Price now unknown, but soon govt will have to reveal figures. can't do this suka suka selling and buying all the time.

angel7030 SG

Price now unknown, but soon govt will have to reveal figures. can't do this suka suka selling and buying all the time.

even lost is public funds mah, what i mean is that some, privately, may even gain from it by agreeing to sell at low price or so called, at this moment. You got to be smart in financial brokering ya, you all may laugh at it, but to them, what the hell, it aint my money, you take it, just give me 10% or 20% of it is enough for me to live more luxury. You understand what i mean?? Dun look at thing on the surface value, there are lots of value below the table.

redDUST SG

so much for `long term view' by that `wise' old man.

ShitSandwich SG

I have no idea what you are trying to say. Firstly, I don't think Singaporeans are laughing at Temasek for losing their own money. And I don't think it's rational for Temasek people or whoever to trade and lose billions of dollars just to pocket some commissions. It's apparent that they lost money due to the lack of financial acumen and not other hidden agendas.

On another note, are there ever foreign news agencies reporting either Temasek or GIC making billions on any shrewd trades? I haven't seen one for a long time!

angel7030 SG

On another note, are there ever foreign news agencies reporting either Temasek or GIC making billions on any shrewd trades? I haven't seen one for a long time!

I didn't said singapore, i am only indicating some of the posters here, so, dun accuse me if u dun get the picture right.

Haha, you are too naive to know about hidden trading, given a non full disclosure on their account u should know what is going on. And you must be crazy to believe that everything is reflected. Be smart ya. walking straight tends to fall into a drain ya.

Chew Bakar SG

I didn't said singapore, i am only indicating some of the posters here, so, dun accuse me if u dun get the picture right.

You told me before all the drains in Singapore covered one.

Fantagf SG

Another shit from temasick

angel7030 SG

You told me before all the drains in Singapore covered one.

Yes, true, all drain are covered, but some are covered with good stainless steel and some are covered with lousy low grade cast iron that bend and rust in a few days, however the contracted price of covering is the same, so, you should know who is taking the money, all bidders in govt contracts bid for a price, some contractors who came to my pub for drinks also wonder why they lose the bid to a competitor who can afford to bid so low.

But then, as a citizen, do you observe the drain cover material, mostly, nobody will can, just paint black or silver over it and you get new cover. That is one of the loop hole where money can change hand.

Chew Bakar SG

So what you said earlier not true lah.

angel7030 SG

So what you said earlier not true lah.

True, it just that some cover maybe using lousy material and when u step on it, it break and you fall into it.

Fantagf SG

True, it just that some cover maybe using lousy material and when u step on it, it break and you fall into it.

chin ay bo, how come no case mentioned in papers b4? Never happen to me and people i know

Chew Bakar SG

True, it just that some cover maybe using lousy material and when u step on it, it break and you fall into it.

So last time I told you be careful. Now you noticed. Even covered oso no use, substandard.

angel7030 SG

chin ay bo, how come no case mentioned in papers b4? Never happen to me and people i know

u go step on some of the good long kang cover mah, did u notice that some are very well welded and some are just anyhow welded and get crooked when you step on it, you got a loud metal hiting cement noise. And those crooked one got me injured once on my toes when i wear my high heels. So sharp the edge. Wha lau pain for weeks, cannot dance and kick people. Everybody laugh until fainted

There are lots of things going on that we dun see it, some walls cracks faster than the other, just use your sense to think lah, something is wrong mah.

Fantagf SG

There are lots of things going on that we dun see it, some walls cracks faster than the other, just use your sense to think lah, something is wrong mah.

sure ah, i dunno leh. complain to the authority in charge la

Chew Bakar SG

There are lots of things going on that we dun see it, some walls cracks faster than the other, just use your sense to think lah, something is wrong mah.

You always look up so now kena injured oredi. I warned you before.

angel7030 SG

You always look up so now kena injured oredi. I warned you before.

U dun understand ladies, when a lady wear high heels, she must look tall and up, if not wear for what??? It only need a gentlemen to guide her along and slowly walk in a romantic way.

But me wears high heels very hard to walk...kampong is kampong, not matter what also cannot be steady.

Those models are taught on how to walk straight and up with a book on their head, me got train before..