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Is it true GIC loss $6billion on UBS investment? Post Reply Rate topic
shplayer Elite	20-Mar-2008 10:06        shplayer About Contact  Quote this Post!
x 0   x 0  Alert Admin	HONEST MISTAKE lah!!!
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Farmer Master	20-Mar-2008 10:06        Farmer About Contact  Quote this Post! Style: Fundamental   Mood:
x 0   x 0  Alert Admin	Chinese SWF is not very welcoming in US and some parts of Europe. But if all this rubbish crisis drag on, they will have no choice but to accept it whole heartedly. Yes, China do have deep pockets if they're willing to spend. The other country is Saudi, I here they've got 900bils reserve ready to invest.
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teeth53 Supreme	20-Mar-2008 09:57        teeth53 About Contact  Quote this Post! Style: Flexible   Mood: Yells: "don't learn through life, learn to grow with life "
x 0   x 0  Alert Admin	Read into China reserve, they got trillion and they are taking their sweet time...they are reading that they will be plenty to come.....this one to two years, so be ready for this volatile world.
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teeth53 Supreme	20-Mar-2008 09:51        teeth53 About Contact  Quote this Post! Style: Flexible   Mood: Yells: "don't learn through life, learn to grow with life "
x 0   x 0  Alert Admin	what i think is what make them jump into is soooo fast....isit we are sooo rich, isit kiaso and why do we have all the opportunties to NEG now and later. it is ver, very to get in and not easy to find another buyer to take over those 14B in case of UBS ( if i am wrong, pls high light me) thk
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AK_Francis Supreme	20-Mar-2008 01:46        AK_Francis About Contact  Quote this Post! Style: Fundamental   Mood: Yells: "Happy go lucky, cheers."
x 0   x 1  Alert Admin	Many countries GIC willingly to poured in cash to rescue the subprime badly hit US banks, do you think their fund managers were blind. Think closely, if you didn't interprete the papers and articles digest. I need not to explain further otherwise kena sue ah. So, how to make back the losses incurred in the write down which didn't involve any outsiders from the US finance coy during the crisis? Just what Tom Jones sings, I don't want to talk about it, ha ha.
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teeth53 Supreme	19-Mar-2008 23:55        teeth53 About Contact  Quote this Post! Style: Flexible   Mood: Yells: "don't learn through life, learn to grow with life "
x 0   x 0  Alert Admin	Not eunff, maybe show this one, chart will look better' Stock selloff deepens on credit market fears (source...money.cnn.com) posted Nov 3, 2007 Help!!!!!..Ahh  Merrill (green), Citigroup (aqua) and Bear Stearns (yellow) have all fallen about 30 percent in the last six months.
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teeth53 Supreme	19-Mar-2008 23:49        teeth53 About Contact  Quote this Post! Style: Flexible   Mood: Yells: "don't learn through life, learn to grow with life "
x 0   x 0  Alert Admin	Just in case those BBs sitting in high office, earning a few million forgotten all about it. Just do not forget all this is still very much around............???  Tell me how not to ..shiverrrrrrr...ahh or seeing some shakeout here. Stocks slump on Bear buyout JPMorgan scoops up Bear Wall Street banks shiver in Bear's shadow Issue #1: America's Money Lehman: Next to fall? Stocks slump on Bear buyout JPMorgan scoops up Bear Wall Street banks shiver in Bear's shadow Issue #1: America's Money Lehman: Next to fall?
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teeth53 Supreme	19-Mar-2008 23:24        teeth53 About Contact  Quote this Post! Style: Flexible   Mood: Yells: "don't learn through life, learn to grow with life "
x 0   x 0  Alert Admin	Any two more power stn enuff to cover more losses, few billions more nei nei,
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Hulumas Supreme	19-Mar-2008 16:04        Hulumas About Contact  Quote this Post! Style: Flexible   Mood: Yells: "INVEST but not TRADE please!"
x 0   x 0  Alert Admin	Dear 178investors, I am afraid, nothing is absolute when we talk about investment. Your seemingly good method could be totally wrong............. Who knows?
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178investors Veteran	19-Mar-2008 15:52        178investors About Contact  Quote this Post!
x 0   x 0  Alert Admin	Good idea... after collecting 2 years of interest payouts from the mandatory CB... GIC can convert owning about 9% of UBS.... use the converted stocks to short it down heavily and then slowly collect back cheap cheap to average down, and then sit back for future capital gains from ubs share appreciation. Total returns = 2yrs interest payouts + short-selling gains + future share appreciations? Would be perfect if it works that way?
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nickyng Supreme	19-Mar-2008 15:22        nickyng About Contact  Quote this Post!
x 0   x 0  Alert Admin	hmm....i thot Temasek just sold Tua Power plant for 4billion or so recently?? can cover that SWF loss in UBS or not ? hee....aya..they should take my strategy leh...SHORT instead of LONG....lolx :D hee....
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178investors Veteran	19-Mar-2008 15:18        178investors About Contact  Quote this Post!
x 0   x 0  Alert Admin	Below is an extract from DJNewswire about SWF losses... ============================================================ SWF losses Sovereign funds are licking their wounds. When the credit-crisis began unfolding last year, they rushed to the aid of Western banks, buying some $50 billion of shares and mandatory convertible bonds. Now, these look like terrible investments. The weighted average of the shares is down by 40%, according to a breakingviews calculation. The worst performer would have been China''s Citic, which agreed to put $1 billion into Bear Stearns in October as part of a two-way deal. Luckily for Citic, the deal was never completed. Still, the near-Bear experience will only reinforce the doubts about Western finance spawned by China Investment Corp.''s $3 billion investment in Blackstone ahead of the private-equity firm''s initial public offering, which has lost a third of its value. Yet experience doesn''t always bring wisdom. The Government of Singapore Investment Corp., one of the oldest and often considered wisest of the sovereign funds, is sitting on the biggest absolute loss: $6 billion on its $11 billion punt on Swiss bank UBS. The high-profile losses are certainly embarrassing. Yet there is a mitigating financial factor. With the exception of Temasek''s $4 billion Merrill Lynch bet, all the investments took the form of high-yielding mandatory convertibles. These guarantee sovereign funds high dividends for a number of years, even if the shares tank and common shareholders get no payouts -- an increasingly likely prospect at some banks. Typically, the conversion comes after two years and the majority of convertibles negotiated by sovereign funds with the banks yield about 10% annually. That partially protects these investors by effectively cutting losses in half. Indeed, if the shares fully recover within two years, there may be no loss at all. Either way, loss or break-even is hardly a great outcome. Citic escaped with just a bruised reputation. As the crisis continues to unfold other sovereign funds might not be so lucky. The debacle should be enough to persuade sovereign funds to steer clear in any future rounds of capital-raising. -- Antony Currie; Martin Hutchinson; Una Galani
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