SingTel writedown of S$5 billion to S$8 billion on Optus?
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But while SingTel is seeing strong growth in its mobile units in Indonesia and India, Optus has been struggling amid fierce competition in the Australian market.
Optus booked a 7 percent drop in operating profit for the fiscal first quarter - the three months ended in June.
Right now, it is worth more than S$18 billion in SingTel's books, but Merrill warns that this valuation may not be supported unless there is a significant improvement in earnings at Optus by 2009.
It says SingTel may have to take a writedown of S$5 billion to S$8 billion on the Australian unit.
Merrill even went so far as to suggest that if the numbers did not pick up, SingTel could either shrink its Australian operations or sell Optus altogether.
Taken from
http://www.channelnewsasia.com/stories/singaporebusinessnews/view/229815/1/.html -
It is wise to know one may be lucky only once.
To be lucky again after acquisition in sustaining competitiveness with real efficiency and efforts takes yet another kind of talent which is beyond luck and that is the mark of the real talent and empire builder.
There are not many empire builders out there like the Bill Gate who manages with holistic approaches.
One an empire builder begins to know how to build the empire he will treasure everyone and will not ride roughshod over any one and will treasure all players from the top to the bottom rung.
In our environment, individualism or self-centredness is simply too strong to prevent and interfere with that growth. -
is that why LEE SY step down now instead of waiting few years later when more news of singtel bad investment will start to surface?
my god! i hope my conspiracy theory is wrong. -
When Ho Cheng left Chartered Ind,the share price dropped from S$15 to S$1.20 now!!!Originally posted by reyes:is that why LEE SY step down now instead of waiting few years later when more news of singtel bad investment will start to surface?
my god! i hope my conspiracy theory is wrong.
When I heard the news of LSY going 2 step down in July 2006 , We let go all our 29 lots of Singtel shares.
Do U know how much the Optus shares worth at THE time of purchase?? 7 to 9 billion but our Singtel brought at 19 BILLION!!!!
sINGTEL HAD BEEN WRITTEN OFF 3 BILLION PREVIOUSLY,N NOW 8 BILLION AGAIN 2 GET REAL WITH THE VALUE LAH!!!
GOOD NEWS 2 SPOREANS, 11 billions $ llost to Spore is ok lah!!!same as Prince J of Brunei playboy style to man the company .
We r so rich,mah!!!! -
Why is this in speaker's corner? It should only concern shareholders of Singtel. And since when did businesses always have to make money? Risk is the keyword here.
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Because SingTel shares.....majority still in govt hands....meaning your money, my money....
Only a small proportion of SingTel shares is traded in stockmarket. The rest is still with Govt investment (GIC)
http://en.wikipedia.org/wiki/Government_of_Singapore_Investment_Corporation
http://findarticles.com/p/articles/mi_m0FGI/is_6_14/ai_104729483 -
In the Financial Year ending March 2006, SingTel had reported that its Australian Optus operation had suffered a setback in profits of 8.5%.
Yet in the Financial Year ending March 2005, it carried a glowing report of 8.8% growth in operating revenues to A$7.0 billion - due largely to targetted mobile market segments.
Singapore takeover of Optus in 2001 for a sum of A$17.2 billion was the biggest in Australia corporate takeover history, and market watchers were questioning the wisdom of this takeover - that had also the serious concern from the Australian community concerning the Defence related issues included in Optus portfolios.
Market watchers had reported that SingTel had paid a 'premium of over A$5 billion' to acquire Optus - was it worth the trouble ?
Where did the funds to this acquisition come from - when it was known that 'SingTel was cash rich with US$3.7 Billion' ?
Part of the funding in this takeover was reported to be from borrowing for a sum of A$3 billion - did the balance come from "Papa" at the helm of GIC - the supposed guardian of Singapore's Reserves ?
Now that share values are spiralling downwards, have these loans been paid to the respective lending institutions ?
Will the Singapore Reserves be affected - again ? -
Originally posted by Atobe:
I think this time economic crisis will start from Spore instead from THailand!!!
In the Financial Year ending March 2006, SingTel had reported that its Australian Optus operation had suffered a setback in profits of 8.5%.
Yet in the Financial Year ending March 2005, it carried a glowing report of 8.8% growth in operating revenues to A$7.0 billion - due largely to targetted mobile market segments.
Singapore takeover of Optus in 2001 for a sum of A$17.2 billion was the biggest in Australia corporate takeover history, and market watchers were questioning the wisdom of this takeover - that had also the serious concern from the Australian community concerning the Defence related issues included in Optus portfolios.
Market watchers had reported that SingTel had paid a [b]'premium of over A$5 billion' to acquire Optus - was it worth the trouble ?
Where did the funds to this acquisition come from - when it was known that 'SingTel was cash rich with US$3.7 Billion' ?
Part of the funding in this takeover was reported to be from borrowing for a sum of A$3 billion - did the balance come from "Papa" at the helm of GIC - the supposed guardian of Singapore's Reserves ?
Now that share values are spiralling downwards, have these loans been paid to the respective lending institutions ?
Will the Singapore Reserves be affected - again ?
[/b]
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Originally posted by Atobe:
My advice in July 2006,throw st shares!!!
In the Financial Year ending March 2006, SingTel had reported that its Australian Optus operation had suffered a setback in profits of 8.5%.
Yet in the Financial Year ending March 2005, it carried a glowing report of 8.8% growth in operating revenues to A$7.0 billion - due largely to targetted mobile market segments.
Singapore takeover of Optus in 2001 for a sum of A$17.2 billion was the biggest in Australia corporate takeover history, and market watchers were questioning the wisdom of this takeover - that had also the serious concern from the Australian community concerning the Defence related issues included in Optus portfolios.
Market watchers had reported that SingTel had paid a [b]'premium of over A$5 billion' to acquire Optus - was it worth the trouble ?
Where did the funds to this acquisition come from - when it was known that 'SingTel was cash rich with US$3.7 Billion' ?
Part of the funding in this takeover was reported to be from borrowing for a sum of A$3 billion - did the balance come from "Papa" at the helm of GIC - the supposed guardian of Singapore's Reserves ?
Now that share values are spiralling downwards, have these loans been paid to the respective lending institutions ?
Will the Singapore Reserves be affected - again ?
[/b]
It will drop 2 S$ 0.25 very soon!!!! -
I think you are wrong. Majority of Singtel shares are held by Temasek Holdings and not the GIC. Temasek owns approx 54.27% of singtel.Originally posted by Dr Who:Because SingTel shares.....majority still in govt hands....meaning your money, my money....
Only a small proportion of SingTel shares is traded in stockmarket. The rest is still with Govt investment (GIC)
http://en.wikipedia.org/wiki/Government_of_Singapore_Investment_Corporation
http://findarticles.com/p/articles/mi_m0FGI/is_6_14/ai_104729483
GIC does not own any shares in Singtel.
Singtel's free float is more than 10% and lots of people trade it on the stock market.
Temasek Holdings is run by an independent board. Although it is 100% owned by the MoF.
Since it is run by an independent board, the government actions does not influence its decisions. -
you actually believe this?Originally posted by shade343:I think you are wrong. Majority of Singtel shares are held by Temasek Holdings and not the GIC. Temasek owns approx 54.27% of singtel.
GIC does not own any shares in Singtel.
Singtel's free float is more than 10% and lots of people trade it on the stock market.
Temasek Holdings is run by an independent board. Although it is 100% owned by the MoF.
Since it is run by an independent board, the government actions does not influence its decisions.
mai gong lah. -
talk cock lah. It will never hit the price you mention.Originally posted by foomwee88:My advice in July 2006,throw st shares!!!
It will drop 2 S$ 0.25 very soon!!!!
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FYI, this info came from the Annual report of Singtel 05/06.Originally posted by dragg:you actually believe this?
mai gong lah.
If you dont believe this, are you saying there is no corporate governance in Singapore? -
of course i believe what is written in the annual report.Originally posted by shade343:FYI, this info came from the Annual report of Singtel 05/06.
If you dont believe this, are you saying there is no corporate governance in Singapore? -
Ministry of Finance owns Temasek, who holds majority shares in SingTel.
So who is the owner of Ministry of Finance? Citizens of Singapore....correct? wrong?
So ultimately.........whose money? -
Is LSY going to get away just like that ?????????????
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ultimately our govt control temasek which controls the GLCs which control the economy which control singaporeans working in singapore.Originally posted by Dr Who:Ministry of Finance owns Temasek, who holds majority shares in SingTel.
So who is the owner of Ministry of Finance? Citizens of Singapore....correct? wrong?
So ultimately.........whose money? -
Mind my words,little boy!!!Originally posted by shade343:talk cock lah. It will never hit the price you mention.
Chatered Ind share was traded at S$15 when Ho Cheng was in chareged!!!
How much now!!!S$1.22 yesterday.
prince Jeff of Brunei sold the entire company 4 his womanizer's habit n till now the whole Brunei is still bleeding !!!!10 yrs till now Civil Ss get their first increment of salay in 2006 since 1997!!!
Poor Sporean, it is better learning from history n with an analytical mind!!! -
INDEPENDENT BOARD?????Originally posted by shade343:I think you are wrong. Majority of Singtel shares are held by Temasek Holdings and not the GIC. Temasek owns approx 54.27% of singtel.
GIC does not own any shares in Singtel.
Singtel's free float is more than 10% and lots of people trade it on the stock market.
Temasek Holdings is run by an independent board. Although it is 100% owned by the MoF.
Since it is run by an independent board, the government actions does not influence its decisions.
GOOD JOKE!!!!!!!!!!! -
Before he gets implicated....Originally posted by seancannot:Is LSY going to get away just like that ?????????????
Same for GCT wife in NKF case.. Suddenly she had nothing to do with NKF.... -
Aiya....what 8 billions.....peanuts!!!
Just implement more ERP..GST... land cost...,Development chrages,....taxes.., fuel prices, transportation fares and etc etc...can recover already wah...No big deal wah...
It only 13,333 Peanuts.............
No worries -
Originally posted by shade343:Why is this in speaker's corner? It should only concern shareholders of Singtel. And since when did businesses always have to make money? Risk is the keyword here.
I absolutely have to reply to "since when did businesses always have to make money".
Businesses and companies are created for the sole purpose for making money. In other words, the synonym for "business/company" is "making money", nothing else. -
cheh! You too slow! It is already implemented!Originally posted by Lowclassman:Aiya....what 8 billions.....peanuts!!!
Just implement more ERP..GST... land cost...,Development chrages,....taxes.., fuel prices, transportation fares and etc etc...can recover already wah...No big deal wah...
It only 13,333 Peanuts............. No worries -
I know is already implemented lah....Because our govt got good foresight when to suck peasants' blood mah....Originally posted by mistyblue:cheh! You too slow! It is already implemented! -
shade343 actually believes the father, son, brother and daughter-in-law dont talk to each other.Originally posted by mistyblue:INDEPENDENT BOARD?????
GOOD JOKE!!!!!!!!!!!