Temasek selling Merrill Lynch at a loss
-
Originally posted by O o O o:
Uncertain,
1) After all that talk about FRS 10.8 I am surprise that you didnt even use that to justify your arguement. Isnt that the first TOOLS you pull out to "impress" us?
2) This is the exact statement I made,
So now my question to you is, how can you justify for IRAS to split 50% of the SP company's income (or Personal income since its a SP company) with someone who never existed in the company during that last financial year?
As you can see, after realising that he has no FACTS to support what he said, he is now using what I call selective highlighting and reading technique to TWIST and CHANGE what I am saying just to create something out of nothing.
Isnt it obvious that my statement about is talking about splitting 50% of INCOME and not splitting shares.
And guess what, he is now using the word STOCK, as if the Sole Proprietor has transform to be a public listed company..
And btw, the term Stock Split is different from splitting shareholding and you need to get your FACTS right before coming here to big talk and make a fool out of yourself.
If you are bloody color blind and you cant read text written in black, then I will forgive you for sprouting so much nonsense.
However if you are doing this hoping that we are blind, then I must say that you are really pathatic. I REPEAT, PATHATIC, especially coming from someone who talk so big about Financial Reporting Standards lah, Busines Law lah, NTU lah, Headhunted by international banks lah. All that are simply desperate attempt to glorify himself without knowing that it make him look like a bloody wanker.
SO MR. WANKER, TELL ME WHICH PART OF MY STATEMENT TALK ABOUT STOCK OR SHARE SPLIT?
PLEASE ANSWER ME, YOU PATHATIC FOOL!!
It's really pathetic if you want to scold someone else as pathetic and spell the word as 'pathatic'
Not once, not twice, but thrice.
-
Originally posted by O o O o:
FACTSST 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.
Was Indosat really a good investment by ST Telemedia?
ST Telemedia bought in late 2002 for USD 634 million (SGD 1,099 million @ USD 1 = SGD 1.735)
It's 10 June 2008 for USD 1.8 million (SGD 2,470 million).
We assume that it's a Dec 2002 acquisition, so at 10 June 2008, a duration of 5.5 years.
The annualized returns for ST Telemedia on Indosat is, 15.86% per year. It's quite an impressive investment.
On the other hand if ST Telemedia had bought the SGX (or stocks composite of the SGX Index), which was trading at SGD 1.22 on 2 Jan 2003. It would have increased to SGD 7.71 on 9 Jun 2008.
The annualised return for SGX is, 39.82% per year. The returns on the SGX more than doubled the returns on the Indosat acquisition.
So was it an impressive investment compared to another investment?
***SGX Index= Stock Exchange of Singapore Index (It's a composition of selected blue chip stocks in the SGX)
The Singapore Stock Exchange Index had a growth of 39.82%, while Indosat grew by 15.86%.
Which investment would a sane investor (that discounts you OoOo aka Gazelle) choose?
-
Originally posted by maurizio13:
Was Indosat really a good investment by ST Telemedia?
ST Telemedia bought in late 2002 for USD 634 million (SGD 1,099 million @ USD 1 = SGD 1.735)
It's 10 June 2008 for USD 1.8 million (SGD 2,470 million).
We assume that it's a Dec 2002 acquisition, so at 10 June 2008, a duration of 5.5 years.
The annualized returns for ST Telemedia on Indosat is, 15.86% per year. It's quite an impressive investment.
On the other hand if ST Telemedia had bought the SGX Index (or stocks composite of the SGX Index), which was trading at SGD 1.22 on 2 Jan 2003. It would have increased to SGD 7.71 on 9 Jun 2008.
The annualised return for SGX Index is, 39.82% per year. The returns on the SGX Index more than doubled the returns on the Indosat acquisition.
So was it an impressive investment compared to another investment?
***SGX Index= Stock Exchange of Singapore Index (It's a composition of selected blue chip stocks in the SGX)
The Singapore Stock Exchange Index had a growth of 39.82%, while Indosat grew by 15.86%.
Which investment would a sane investor (that discounts you OoOo aka Gazelle) choose?
Maurizio13,
In your desperate attempt to make your crap smell nice, are you aware that you are making a big fool out of yourself again
-
Originally posted by O o O o:
Maurizio13,
In your desperate attempt to make your crap smell nice, are you aware that you are making a big fool out of yourself again
If you dispute my statements, please point out the inconsistencies.
-
Temasek is not Stupid.Temasel just become creditors of UBS and CITI,
BUT NOT SHARE HOLDER.
Why it will become Merrill share holder without protections?
U can be blind physcially,but not in mind.
Face the reality lah.
Merrill compensates Temasek US$2.5 billion for drop in share
price.So,it is genius for Temasek,share price up,it will gain.
Share price drops,it will be compensated!!
Will u all guys pl be more professional in discussion.
Dunt just copy and paste without digestion.
Temasek is not so stupid just to buy shares blindly and becomes
Merrill's largest shareholder.
When Temasek bought US$5 b shares sometimes back ,
there was a reset provision
that if Merrill issue share later at price lower than what Temasek
bought,Merrill has to compensate Temasek fully.
Now Merrill compensates Temasek US$2.5 b,
though Temasek uses all 2.5 b to buy new issued shares.
UBS and CITI deals are just creditors
Up to today,Temasek are just lenders ,BUT NOT SHARE HOLDERS
OF UBS and CITI.The reasons are many,among them
is Temasek dunt know the full picture of subprime.
But it is a once in few decades chance to get a big share in big and great
companies.
Temasek is vey cautious in UBS and CITI deals by becoming just a lender,
but not a share holder.
Previoulsy, it is suprised to me that Temasek bought
Merrill share without protections.
The truths are it incorporates price protection and ,i read
from other news,that Temasek get dilutions protections also.
Temasek, Merrill's largest shareholder, will get $2.5 billion from Merrill stemming from reset provisions in the firm's previous sales of securities. Temasek agreed to invest all that money back into Merrill's new offering at the same price as other investors.Merrill said there are no reset provisions as part of its new sale of common stock.Sorting out the resets from the previous capital raise will cost $2.5 billion, which will be reported as an expense in Merrill's third-quarter results, the firm said.
Alistair Barr is a reporter for MarketWatch in San Francisco.
http://www.marketwatch.com/news/story/merrill-raising-85-bln-selling/story.aspx?guid={A7AF92E3-5F8A-45A6-AEF8-59B966E260DF}&dist=msr_1
2.news
http://afp.google.com/article/ALeqM5iPdwYnuGB5awF1tx50Nx_Ytrdm2A
Temasek said its new commitment "includes a sum of US 2.5 billion dollars arising from a reset payment which Merrill Lynch has agreed to pay to Temasek as an adjustment to the price of Temasek's original investment made in December 2007."The Singapore firm is putting that 2.5 billion back into Merrill, along with another 900 million dollars.
-
We have incurred the wrath of our dear lionnoisy.
He is spamming with walls of text that nobody ever bothers to read AGAIN.
-
Originally posted by maurizio13:
If you dispute my statements, please point out the inconsistencies.
There are many thing to dispute on your statements, but I will just deal with the most hilarious onesThis is what you wrote.
On the other hand if ST Telemedia had bought the SGX Index (or stocks composite of the SGX Index), which was trading at SGD 1.22 on 2 Jan 2003. It would have increased to SGD 7.71 on 9 Jun 2008.
I am not sure what exactly are you saying when you say SGX Index is part of the stocks composite of SGX Index?
It is like saying Maurizio13 is one of the son of Maurizio13. You understand what I am saying?
2) AFAIK, I only know of an STI Index and there is no such thing as a SGX Index. Can you show us where can we find SGX Index?
3) AFAIK, there is no share price to an INDEX, what you are quoting is the share price of SGX, the company is call Singapore Exchange Limited, where their stocks are traded under the name SGX. http://info.sgx.com/serviceapp.nsf/Cpy/S68
4) Only armchair critics will be able to "spot" such good investment opportunity, hence thats the reason why Temasek counldnt find them.
-
Originally posted by lionnoisy:
Temasek is not Stupid.Temasel just become creditors of UBS and CITI,
BUT NOT SHARE HOLDER.
Why it will become Merrill share holder without protections?
U can be blind physcially,but not in mind.
Face the reality lah.
Merrill compensates Temasek US$2.5 billion for drop in share
price.So,it is genius for Temasek,share price up,it will gain.
Share price drops,it will be compensated!!
Will u all guys pl be more professional in discussion.
Dunt just copy and paste without digestion.
Temasek is not so stupid just to buy shares blindly and becomes
Merrill's largest shareholder.
When Temasek bought US$5 b shares sometimes back ,
there was a reset provision
that if Merrill issue share later at price lower than what Temasek
bought,Merrill has to compensate Temasek fully.
Now Merrill compensates Temasek US$2.5 b,
though Temasek uses all 2.5 b to buy new issued shares.
UBS and CITI deals are just creditors
Up to today,Temasek are just lenders ,BUT NOT SHARE HOLDERS
OF UBS and CITI.The reasons are many,among them
is Temasek dunt know the full picture of subprime.
But it is a once in few decades chance to get a big share in big and great
companies.
Temasek is vey cautious in UBS and CITI deals by becoming just a lender,
but not a share holder.
Previoulsy, it is suprised to me that Temasek bought
Merrill share without protections.
The truths are it incorporates price protection and ,i read
from other news,that Temasek get dilutions protections also.
http://www.marketwatch.com/news/story/merrill-raising-85-bln-selling/story.aspx?guid={A7AF92E3-5F8A-45A6-AEF8-59B966E260DF}&dist=msr_1
2.news
http://afp.google.com/article/ALeqM5iPdwYnuGB5awF1tx50Nx_Ytrdm2A
Since it gain compensation from ML for $2.5 billion, perhaps they should use the money to assist the needy rather than investing it back.
-
Originally posted by O o O o:
There are many thing to dispute on your statements, but I will just deal with the most hilarious onesThis is what you wrote.
I am not sure what exactly are you saying when you say SGX Index is part of the stocks composite of SGX Index?
It is like saying Maurizio13 is one of the son of Maurizio13. You understand what I am saying?
2) AFAIK, I only know of an STI Index and there is no such thing as a SGX Index. Can you show us where can we find SGX Index?
3) AFAIK, there is no share price to an INDEX, what you are quoting is the share price of SGX, the company is call Singapore Exchange Limited, where their stocks are traded under the name SGX. http://info.sgx.com/serviceapp.nsf/Cpy/S68
4) Only armchair critics will be able to "spot" such good investment opportunity, hence thats the reason why Temasek counldnt find them.
Thanks for pointing out SGX not being composite of SGX, but it still increase twice as much as Indosat. So good investment decisions by ST Telemedia?
I thought you said ST Telemedia is always wise in their investment decisions?
The how come they cannot forsee the SGX outperforming Indosat?
Why not compare telecommunications company in Singapore (Singtel) with Indosat, since they are of comparable industry.
Singtel was trading at SGD 1.22 on 26 Dec 2002, it was trading at SGD 3.61 on 11 Jun 2008. An annualized return of 21.80%.
It's still alot better than Indosat's annualized return of 15.86%.
-
Originally posted by maurizio13:
I thought you said ST Telemedia is always wise in their investment decisions?
The how come they cannot forsee the SGX outperforming Indosat?
Why not compare telecommunications company in Singapore (Singtel) with Indosat, since they are of comparable industry.
Singtel was trading at SGD 1.22 on 26 Dec 2002, it was trading at SGD 3.61 on 11 Jun 2008. An annualized return of 21.80%.
It's still alot better than Indosat's annualized return of 15.86%.
Before I touch on that, do you agree with me that you have made a fool out of yourself (again) by talking about SGX Index?
-
Originally posted by O o O o:
Before I touch on that, do you agree with me that you have made a fool out of yourself (again) by talking about SGX Index?
Yes, I made a mistake with SGX being a composite index.
If you look at the past investments of ST Telemedia, they haven't been exactly wise in their investment decisions.
Take Global Crossing for example, since acquisition in 2002, this company has not raked in any profits. It is continually making USD 300 million to USD 358 million a year since acquisition.
Ok ok. Maybe Global Crossing was a "long term investment".
It would be good if they could use USD 300 million to help Singaporeans and not help Singaporeans by increasing GST.
-
Originally posted by maurizio13:
Yes, I made a mistake with SGX being a composite index.
If you look at the past investments of ST Telemedia, they haven't been exactly wise in their investment decisions.
Take Global Crossing for example, since acquisition in 2002, this company has not raked in any profits. It is continually making USD 300 million to USD 358 million a year since acquisition.
Ok ok. Maybe Global Crossing was a "long term investment".
It would be good if they could use USD 300 million to help Singaporeans and not help Singaporeans by increasing GST.
You are the biggest idiot in this forum and have plenty of FACTS to support what I said. And I guess you should change your Avatar photos to this one just to remind yourself not to sprout any more rubbish in this forum
-
So O o O o aka Gazelle,
Was ST Telemedia's investment in Indosat (15.86%) a worthwhile venture when compared to SingTel (21.80%) in Singapore?
Are you still number crunching?
-
Originally posted by eagle:
It's really pathetic if you want to scold someone else as pathetic and spell the word as 'pathatic'
Not once, not twice, but thrice.
I thought Autistic person has verbal and non-verbal communication issues? -
Originally posted by maurizio13:
So O o O o aka Gazelle,
Was ST Telemedia's investment in Indosat (15.86%) a worthwhile venture when compared to SingTel (21.80%) in Singapore?
Are you still number crunching?
Maurizio, how many time must I make a fool out of your before you can learn not to sprout nonsense in forum?Can you give me one good reason why I should be wasting my time on someone like you?
-
Originally posted by O o O o:
Maurizio, how many time must I make a fool out of your before you can learn not to sprout nonsense in forum?Can you give me one good reason why I should be wasting my time on someone like you?
Can you give me one good reason why I should be wasting my time on someone like you?
Because you are a bum and have too much time on your hands to waste.
Else you wouldn't even have bothered to reply M13 with your rubbish (spanning few pages) if you thought it was a waste of your time.
Once again, the self-pwning powers of Gazelle.
-
Originally posted by eagle:
Because you are a bum and have too much time on your hands to waste.
Else you wouldn't even have bothered to reply M13 with your rubbish (spanning few pages) if you thought it was a waste of your time.
Once again, the self-pwning powers of Gazelle.
I thought it is because you are a DOG and your brain has been pre-programmed to BARK whenever you sense Maurizio is in danger?
-
Originally posted by O o O o:
I thought it is because you are a DOG and your brain has been pre-programmed to BARK whenever you sense Maurizio is in danger?
hello what did you have for lunch? -
Originally posted by Beautiful951:
hello what did you have for lunch?
Which do you think is cuter?The sheep or the gryphon?
-
i don't really like either of them. The sheep is obviously photoshopped. And the
gryphon is not really that nice. But I must say, his photoshop skills are indeed good.
-
Originally posted by maurizio13:
So O o O o aka Gazelle,
Was ST Telemedia's investment in Indosat (15.86%) a worthwhile venture when compared to SingTel (21.80%) in Singapore?
Are you still number crunching?
Maurizio, before I forget about your question.Can you show us how you manage to get 21.8% return per year?
If you are afraid of making a fool out of yourself again and doesnt wish to respond to my question, it is also fine with me.
I promise I wont chase after you for an answer. (I believe you know the reason why)
-
Originally posted by O o O o:
I promise I wont chase after you for an answer. (I believe you know the reason why)
good -
Originally posted by O o O o:
Maurizio, before I forget about your question.Can you show us how you manage to get 21.8% return per year?
If you are afraid of making a fool out of yourself again and doesnt wish to respond to my question, it is also fine with me.
I promise I wont chase after you for an answer. (I believe you know the reason why)
You can post it in Homework Forum and eagle will teach you how to solve for it.
-
Originally posted by Beautiful951:
good
I am not interested in having any sort of discussion with you and in return I also hope that you will stop replying to any of my post because they are all Pointless to read. -
Originally posted by maurizio13:
You can post it in Homework Forum and eagle will teach you how to solve for it.
I hope thats a sign that you have learn not to big talk in this forum.