Our great scholar leaders throw away money again!!!

Dr Who SG

ABC's shares have lost more than 80 percent of their value since last May, when Singapore state investment firm Temasek Holdings bought a 12 percent stake at $7.30 a share.

In yesterday's results, earnings per share fell 51%, from 16.2 cents a share in 2006 to 7.9 cents a share in 2007.

The company, which has expanded rapidly in the United States, said in a statement to the stock exchange that it was trading profitably and in line with its forecasts.

On its $1.4 billion syndicated bank loan, ABC said it was in compliance with all covenants

http://www.brisbanetimes.com.au/articles/2008/02/26/1203788307959.html

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This means our Investment arm lost 90% of purchase price.

Somebody is throwing away Singaporean money overseas.

your money.....my money....

Dr Who SG

Shares of child care company ABC Learning lost almost two-thirds of their value after a poor earnings result surprised investors.

The stock fell as much as 66 per cent to a low of $1.15 this morning, and was worth 41.43 at midday.

kramnave SG

80% of its value is quite pornographic i must say...and its not even politically motivated.

Dr Who SG

Those that initiated this poor decision will be compensated again with 2 big dat bonuses again this year, I am sure.

Where is the accountability?

Or will they sweep under the carpet.........again.......and again.....?

kramnave SG

depends on the overall performance of the fund. Not many will question their bankers when lets say certain assets in your portfolio lost 60% of their value but is made up by 80% gain in others.

Dr Who SG

Temasek Holdings Pte Ltd, which in May 2006 paid A$400 million for 12% of the company, becoming its biggest single shareholder.

now is biggest sucker

kena conned by Ang Moh......