Temasek selling Merrill Lynch at a loss

last SG · 2008-07-28T20:26:28+00:00

Yah.....I think they made the purchase a little too early in its timing....But then again....since it is deemed 'long-term' investment...and since a perfect...

Beautiful951 SG

What should I have for lunch?

maurizio13 SG

What should I have for lunch?

Roti Prata?

If I have a stall selling roti prata I will give you discount and give free roti prata to O o O o .

Beautiful951 SG

Roti Prata?

If I have a stall selling roti prata I will give you discount and give free roti prata to O o O o .

He free? Why I no free?

maurizio13 SG

He free? Why I no free?

He is mentally retarded, have a heart for the less fortunate.

O o O o SG

CEO Thain makes US$2m on share purchase

(NEW YORK) Merrill Lynch & Co Inc chief executive John Thain has made more than US$2 million this week from shares he bought in the bank's US$8.55 billion offering.

Mr Thain bought 500,000 shares on Tuesday as part of an agreement by senior Merrill executives to buy 750,000 shares in the offering, which replenished the investment bank's capital after it agreed to sell US$30.6 billion of repackaged debt at a deep discount.

The shares Mr Thain bought at US$22.50 on Tuesday closed on Thursday at US$26.65.

Greg Fleming, president, bought 100,000 shares, while Nelson Chai, chief financial officer, bought 22,700 shares.

The gain for executives is also a gain for investors. Singapore's Temasek Holdings Pte Ltd spent US$3.4 billion on the offering and has already earned US$630 million.

Merrill Lynch has recorded more than US$40 billion of writedowns in the last four quarters as the US housing crisis and credit crunch battered its collateralised debt obligation holdings. - Reuters

O o O,

Your forecasting methods haven't been exactly accurate in the past.

Originally posted by O o O in Feb 2008:

I am already betting that these are good investment and it will yield reasonably good returns in 12 to 18 months considering the limited investment opportunities available right now.

I am just responding to what some forumers (might include you) are saying that they can make better returns from putting money in Australia fixed deposit than CPF 3.5%. So I am asking why didnt the australia pension fund deposit their money in fixed deposit?

If you are confident about Temasek and GIC making wrong decision on ML, Citi, and UBS, are you willing to bet against this investments?

Place you bet here and we revisit this thread in 12 months time?

http://politics.sgforums.com/forums/10/topics/308186?page=2

Beautiful951 SG

You know what? I don't like long long posts.

maurizio13 SG

Evidence of repetitive, narrow and obsessive behaviour again.

maurizio13 SG

You know what? I don't like long long posts.

Me too, especially if they are repetitive.

eagle SG

restricted interests

repetitive behaviour

O o O o SG

Do you have a basic degree in finance and economics?

Then as a layman, how would you know the right timing. Does a plumber know what medication to prescribe for various ailments?

From the onset, lots of people already know it was a bad purchase. If Temasek were smart enough, they would have waited till end of this year to make the purchase, it would have been alot cheaper than what they paid for.

I already knew it was a bad buy in the first Merrill Lynch thread. It's just that stubborn leaders like LKY and his cronies don't see it and insist on plunging billions of dollars on sure to fail investments.

Meat Pao, just because you are deaf and blind, does not mean everybody else share your attributes, you can only speak for yourself.

Told you he is just an armchair critic.

Current ML Share Price = US$26+

Temasek Ave Cost = US$21

maurizio13 SG

For a moment, I thought O o O o lost his balls or was busy sniffing panties, because it took him so long to reply.

maurizio13 SG

I think O o O o chickened out, maybe chickenism is also hereditary.

O o O o SG

For a moment, I thought O o O o lost his balls or was busy sniffing panties, because it took him so long to reply.

You must prove that the PM's figure of $700 million.

Deal!!!

If you lose, you shall do those exact same things, but to yourself.

The thing is do you have the brains and the balls to take up your own challenge.

The S$60,000 cap is the maximum amount you can enjoy the 1% increase in CPF rate. ie. if you have $120,000 in your CPF, only $60,000 will enjoy the 1%.

If you refer back to CPF statistic on page 84, total number of people will $60,000 and above is 937,596, which mean, S$56,225,760,000 of CPF from this group will benefit from the 1% hike, which will cost the government $562,225,760

As for those below $60,000 group their total CPF value is S$12,015,540,000, of which 100% will benefit from the 1% interest hike and will cost the government = $120,014,540.

Total Cost : $562,225,820 + $120,014,540 = $682,713,040

Go easy on the arse, because I just had diarrhea this morning...

http://www.sgforums.com/forums/10/topics/273383?page=7

maurizio13 SG

http://www.sgforums.com/forums/10/topics/273383?page=7

Repeating old stuff now?

Please continue repeating.

The sheep is so cute.

newcomer SG

seriously u guys have been arguing for how many yrs liao? y not just come out beyond the screen and talk abt it over a cuppa coffee?

want me to set revenue?

maurizio13 SG

Somebody doing research in history.

No wonder took him so long to reply.

eagle SG

What do you call someone who has to resort to bringing up old posts, and repeating posts again and again, in an argument/discussion?

maurizio13 SG

What do you call someone who has to resort to bringing up old posts, and repeating posts again and again, in an argument/discussion?

I thought that post has been resolved, I admitted I was wrong due to misunderstanding of what the PM said.

He needs to bring up old post to give him the security that he is smart.

eagle SG

I said before already

He is insecure in real life, thus needs to do what he's doing now for some false sense of security.

O o O o SG

Somebody needs to get some facts right first.

1) ST Telemedia overpaid for Indosat's shares, ST Telemedia overpaid by 50.58% for Indosat.

2) They paid Rupiah 12,950 per share for Indosat in 2002 December, the shares are currently trading at 6,450 per share. Therefore under normal market trading conditions, ST Telemedia made a loss of about 50% from the purchase price.

http://www.indosat.com/investor_relations

http://www.idx.co.id/QuoteSearch/tabid/181/language/en-US/cmd/isat/Default.aspx

3) There is one simple reason why someone is willing to pay Rupiah 38,528 per share for something which is currently traded in the Indonesia Stock Exchange for Rupiah 6,450 (6 times the current share price). There is a bigger idiot than ST Telemedia on the block.

http://www.zdnetasia.com/news/communications/0,39044192,62042414,00.htm

4) Without this bid from Qatar Telecoms, if ST Telemedia were to off load the shares in the stock exchange, the share price will plummet below the current share price of Rupiah 6,450.

5) My wish is for Qatar Telecoms to buy over, then Singaporeans don't have to suffer so much losses due to the incompetencies of LKY's investment strategy.

FACTS

ST Telemedia paid US$634 million for 41.9% of Indosat in 2002 and sold the entire 41.9% stake to Qatar Tel for US$1,800 million and made a profit of US$1,166 million over 6 years.

STT bought the 41.9% stake at 12,950 rupiah per share, however this is before the 5 for 1 Stock split. During that time of the stock split, the share price was traded at around 16,000 Rp.

http://www.iht.com/articles/2004/02/07/insat.php

Maurizio definitely need to learn how to get his FACTS right first before talking or he will always end up looking like a FOOL.

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