Wish1719 1st Gear July 25, 2008 Share July 25, 2008 http://littlespeck.com/content/economy/CTr...nomy-080724.htm ://http://littlespeck.com/content/econ...my-080724.htm ↡ Advertisement Link to post Share on other sites More sharing options...
Apollo 1st Gear July 25, 2008 Share July 25, 2008 ohmyfarkinggore... hope LTK or CST bring up this thing to clarify if truth or rumor. future generation will suffer now for this type of expensive mistake. Link to post Share on other sites More sharing options...
Roborovskii 4th Gear July 25, 2008 Share July 25, 2008 Well done elites. Confirmed loss of US$1.48b and paper loss of US$10.28b. You have done well. Please continue to raise your pay-cheques and give yourselves big fat bonuses for your great job. Don't worry about the epic losses, it's not your money it's ours; and we don't have any say, control or accountability of our own hard earned money ANYWAY! Link to post Share on other sites More sharing options...
Diamond2006 1st Gear July 25, 2008 Share July 25, 2008 (edited) WOW...no wonder the ah-gong said it takes five years to ruin Singapore... No wonder they postponed the billion $$$ builing project after 2010...to cover loss!!! Temasek Selling Merrill Lynch Half or total of 87m shares have been sold off at a loss, according to US recorded filings. By Seah Chiang Nee Jul 24, 2008 Temasek Holdings has sold off half its ill-timed investment in Merrill Lynch - or about 87m shares, according to a mutual funds report on institutional trades on US stocks. The online report, MFFAIRS (Mutual Fund Facts About Individual Stocks), reported it sold off 86,949,594 shares (50%), leaving a current holdings of 86,949,594 shares (50%), according to the filings made public. The report gave no exact date or price of the sale. Neither has there been any confirmation from Temasek, which had paid US$48 a share last year. http://www.mffais.com/newsarticles/2008-07...637-211738.html Last week Merrill Lynch was traded at $31. At that price Temasek would have suffered a loss of $17 a share - or a total loss of about US$1.48b for the 87mil shares. Despite massive write-downs and capital injection, Merrill Lynch's outlook remains uncertain, reports Bloomberg. The company's equity capital position is weak relative to competitors, said Brad Hintz, a New York-based analyst at Sanford C Bernstein, reports Ambereen Choudhury. "With $19.9b in CDOs still frozen on the balance sheet and with counterparty risk rising on the hedges underlying these troubled positions, the potential for additional material write-downs remains a concern, Edited July 25, 2008 by Diamond2006 Link to post Share on other sites More sharing options...
Blackyv Turbocharged July 25, 2008 Share July 25, 2008 suppose to be long term leh?? how come the long term become so short??... Link to post Share on other sites More sharing options...
Freestylers09 5th Gear July 25, 2008 Share July 25, 2008 jim roger already pull out US market long ago...Maybe head of the holding should see his interview few month ago.his vision and philosophy in investment especially the "watch ur basket of eggs" damn true...and his meaning of risk diversion Link to post Share on other sites More sharing options...
Blackyv Turbocharged July 25, 2008 Share July 25, 2008 ah gong said 5 yrs is under opp party and who knows, but... under miw, time required is much lesser from the way it goes... Link to post Share on other sites More sharing options...
Diamond2006 1st Gear July 25, 2008 Share July 25, 2008 oops..they will u this is U-turns... Link to post Share on other sites More sharing options...
Rncw 5th Gear July 25, 2008 Share July 25, 2008 if not for the internet, the general public would not have know such news... i guess nobody heads will roll Link to post Share on other sites More sharing options...
Diamond2006 1st Gear July 25, 2008 Share July 25, 2008 Now i understand.... he means the PAndP will become the opp. party???? after this mistake... Link to post Share on other sites More sharing options...
Silver_blade Turbocharged July 25, 2008 Share July 25, 2008 Agree...so much for a long term investment. When people questioned the investment, they said it was for long-term....but see what happened now? Cold feet? Link to post Share on other sites More sharing options...
Ahbengdriver 6th Gear July 25, 2008 Share July 25, 2008 no wonder ERP gantries are going up everywhere. Where is the farking transparency in this? Link to post Share on other sites More sharing options...
Roborovskii 4th Gear July 25, 2008 Share July 25, 2008 Well done elites. Confirmed loss of US$1.48b and paper loss of US$10.28b. You have done well. Please continue to raise your pay-cheques and give yourselves big fat bonuses for your great job. Don't worry about the epic losses, it's not your money it's ours; and we don't have any say, control or accountability of our own hard earned money ANYWAY! Oh and don't worry about us little poor peasants, we continue to slog and give you more tax money for your gambling sprees. We don't deserve better wages, tax reduction or financial aid. What we need to do is work harder and get paid according to 3rd world market rates. Please raise the price of public housing so that you may earn more profits and lock up our CPF so that you have enough capital to play with. Erect more ERPs so that you have a smoother ride to your nice big offices too! Link to post Share on other sites More sharing options...
Gearoil 1st Gear July 25, 2008 Share July 25, 2008 ohmyfarkinggore... hope LTK or CST bring up this thing to clarify if truth or rumor. future generation will suffer now for this type of expensive mistake. You Sillies are a piece of Shxt lah...you are NOT ENTITLED to make any noise!....just sit back , relax if you want to and SHUT the hell up till 2011! You have not hear d the worst yet...still got UBS and others leh! Link to post Share on other sites More sharing options...
Apollo 1st Gear July 25, 2008 Share July 25, 2008 Merrill Lynch And Co Inc (MER) holdings reduced by Temasek Holdings Private Ltd By: LUCILLE CHAMBERS Approving Editor: DAVID ANDERSON LONG BEACH (Mffais.com) - Temasek Holdings Private Ltd sold -86,949,594 (-50.00 %) of their shares in Merrill Lynch And Co Inc (MER), bringing their current holdings to 86,949,594 shares as shown by filings made public on 2008-07-22. The stock is currently owned by 1153 funds/institutions with a total activity score of -0.16. With 42.60 % of owning funds reported recently buying shares, 8.69 % maintaining existing share level and 48.69 % selling shares. Full details for Merrill Lynch And Co Inc (MER) available at http://www.mffais.com/mer.html http://www.mffais.com/newsarticles/2...37-211738.html looks like not rumor Link to post Share on other sites More sharing options...
Chongster 6th Gear July 25, 2008 Share July 25, 2008 i think this is a vicious rumour that will be quashed soon... Link to post Share on other sites More sharing options...
Hutan 1st Gear July 25, 2008 Share July 25, 2008 pls lah.. what a $1.48B to tamasek..no worry, next year up gst to 10% to help the poor.. pls lah.. they will tell u, look at big picture, long term investment lah Link to post Share on other sites More sharing options...
Simz333 Neutral Newbie July 25, 2008 Share July 25, 2008 oh great. What's US$1.48b divided by 4.xx mil population? Great foresight introducing FTs. Each gets to pay lesser for their mistakes. ↡ Advertisement Link to post Share on other sites More sharing options...
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