Two year away.......Ya. teeth53 thot

CapitaLand: Too early to bottom fish
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teeth53 Supreme	Posted: 04-Mar-2009 15:49       Contact teeth53          *  Quote this Post!
x 0 x 0 * Alert Admin	U believe in it..U buy /sell and do not hold the script. Can only buy and keep if it fall <2/- with money to spare..Be prepare for more volatile mkts at this point in times, teeth53 wishws all happy investing...Ya, consideration must goes to STI trading lower. teeth53      ( Date: 04-Mar-2009 15:44) Posted: It's all about timing, having such price to invest...oni with limited amount only....cos it not bottoming yet....<$1.80 a go buy >$2/- sell Capitaland    Last:1.95   Vol:38433k    +0.1 Posted:03Dec2008   Both IR operator is asking for delay in their opening....Y..?. Money problem, high construction cost, Bank anyhow credit lending problem..all due to Sub-prime and global recession and even if opening is due..wrong time as well. U believe in it..U buy /sell and do not hold the script. Can only buy and keep if it fall <2/- with money to spare..Be prepare for more volatile mkts at this point in times. Beginning of recovery is only 2yrs away, another few yrs to slip upward B4 it peak (chiong) another few yr later.. teeth53 just sharing my thot and trading experience MM Lee confident US can revive economy http://www.channelnewsasia.com/stories/singaporelocalnews/view/393735/1/.html By Channel NewsAsia's HK Bureau Chief Roland Lim | Posted: 02 December 2008 2300 hrs

teeth53      ( Date: 06-Mar-2009 19:43) Posted: http://sg.news.yahoo.com/rtrs/20090304/tbs-singapore-leekuanyew-a5a65c6.html "How could we have known this was the extent of the damage? (teeth53: 1st warning shot is sometimes beginning of Jan/Feb 2007, next 2nd warning shot sometimes in July/Aug 2007, then followed by many, many raising red flag by Nov/Dec 2007).  (Thot by d way who career is ruined, including my...Ya.) We are riding into Stage Four...Credit Melting.. MM Lee said GIC bought "too early" into global banks such as Citigroup <C.N> and UBS <U)BSN.VX>, which were both hammered by the financial meltdown that quickened in the second half of 2008. "How could we have known this was the extent of the damage? You look at all the big-name banks that have gone down, misjudged the situation, ruined their careers," he said. "When the market fell, we went into UBS and Citi. But we went in too early. That is part of the ride." GIC last week converted its $6.88 billion worth of Citigroup preference shares into common stock at a price of S$3.25 a share to shore up the embattled U.S. lender, realising in the process a loss of around half its investment. Analysts estimated that the value of the fund was around $300 billion a year ago, although GIC has only said it manages well over $100 billion. For a factbox on GIC,

Ha ha, u will not surprise. The new blood steps in Tamasick, breaking news of interested to acquire stake in AIA. Double or break game?

This is pure speculation traded done on everyday trading, not for such SWF's. Such prices is only good for day traders and remisers and brokers earning n it reflect on traded volume...Behind closed door...biggie boy like SWF's can n will do their bidding...on such common shares.

Their...they have enuff powerful money to ask their kakis which can decide to move as n when..oni we do not know when...anyway their new TP{ is US$3.25ct

It is a multi billion losses to all of us, regardless of...We get nothing out of it anyway as our need it taken care off by stablizaling our rice bowl and making it cheaper for companies to continue-ing to operate here with a 9% indirect cut equal to a cut of 9% cost in our CPF, plus others cost saving mesurement,  this may not be enuff...off budget will come in again if... more goodie is coming soon as election is nearer....as we see more retrenching or record data show recession is still leveling and kicking in.....and not in the near future or out yet.

when one retiring age one can decide...staying in old folk home, or our pigeon house or eg living in cheaper countries..visit more other cheaper countries to be familar with..., stretch ur dollars, save n live....Shop n save. 

Lloyds declares ?10.8 bln HBOS loss

LONDON (AFP) - - Britain's Lloyds Banking Group, 43-percent state owned after a bailout, said Friday its HBOS unit made a pre-tax loss of 10.8 billion pounds (12.1 billion euros, 15.4 billion dollars) in 2008. More »

Royal Bank of Scotland Thursday posted a 2008 loss of 24.1 billion pounds -- a British corporate record -- and said it will ring-fence 325 billion pounds of risky assets in a government insurance scheme. The gigantic loss, equivalent to 34 billion dollars or 27 billion euros, was as a result of the credit crunch and the costly and mis-timed takeover of Dutch lender ABN Amro.

and here we LOST many billions throught kiasorium, thoughtless mindset and also w/o much effort or accountablities.....

1. 
   
   tan on Fri, 27th Feb 2009 11:01 am 
   
   
   
   You are right on! old boys network which most are now out or on their way out. That’s the problem, you see….Ho Ching, top 10 most powerful woman on the planet so these banking titans. Of course, no longer in 2009. My friend mocked her describing to me how she was like in Temasek, how she had favourites (those who could do no wrong yet incompetent) and so many within Temasek are simply mocking her…of course in front of the Empress. Yes Mdm…Yes Mdm.. you’re the woman.. but behind.. laugh at her idiotic decision making and logic behind them. Basically, she’s the joke of the investment community.
   
   Here are some of my thoughts:
   
   1. Why the hell did Temasek pursue a growth investment strategy ie High beta stocks when our reserves, as precious as it is, should dictate we pursue a low Beta, value investment strategy. ie, all our people, Ho Ching included (by the way, an engineer by training: what the hell does she know about investment) should be shipped to Warren Buffet for Training. Why Warren Buffet should have been invited to sit on the board of Temasek and GIC. Ironically, MM mocked Warren saying he has shareholders to account to yearly hence could not pursue the kind of investments Temasek would go into. Look who has the last laugh. Warren’s $5b investment in Goldman sacs is down a mere 10% from his entry price (plus it’s pref shares). Goldman has not raised more funds hence protecting existing shareholders from dilution. Contray to what MM says…..Temasek’s investments in the banks are screwed….dilution all around significantly and the death knell is when the US Govt takes 20-40% stakes in the banks. Our investments are really LONG LONG TERM investments.
   
   2. Why the hell is Dhanabalan chairman of Temasek..another non-financial trained. Shouldn’t Richard Hu or Tony Tan be??? Tony Tan though made bad investments decisions, the structure of the investments protect the reserves from the downside, and in a worse case scenerio, we earn just the paltry dividend/interest from the preference shares strcuture. Nothing really to shout about but the capital is preserved. Tony Tan’s a smart man. This is where I don’t get it. How the hell could Ho Ching take such reckless risks when Tony Tan is taking a more prudent approach structuring deals like Warren Buffet’s deal with Goldman. off couse, GIC should have waited longer and using the same structures, GIC would have huge upside 5-10yrs down the road.
   
   3. In conclusion, years of savings(reserves) and growth of our Singapore assets in the portfolio have been depleted just by some of these crap investments.
   
   4. To say that Ho Ching simply lost back on some of the profits mades in the last 4yrs is also untrue. Many of the divestments were made before her time like the Power generating hence it’s easy to push the button to sell and book the profits. Her measurement should be purely on the deals she made during her tenue in Temasek. (it’s a dismal record) contray to what is reported. What I’m very pissed of including my friend is the new guy might come under severe pressure and continue to sell assets held for a long time to limit the losses. I would rather see Temasek OWN UP. ADMIST THEY F UP and write off the bloody investment like what Ron Sim did with OSIM, write off the their 90m balance in investment in the US foray to stop future hits on their P&L…which incidently… another mess up by Temasek there. THink they put in $150m in that deal.
   
   5. I used to be an ardent supported of the PAP. But this time round, I’m going to put a NO VOTE in the ballot to send a message (eventhough Khaw Boon Wah is my MP, met him, spoke to him and I like him. he’s a good guy…one of the few who dare to say I’m sorry, let’s fix it) The rest with the exception of Vivian and George Yeo..are becoming high and mighty in the ivory towers and in this time of crisis…their true colours are beginning to show. Raymond Lim.
   
   I just feel sick that now all the coverings, BS in the press is starting in preparation of a quick General Elections.
   
   By the way, PM Lee was also the Finance Minister during the last 4yrs before Tharman tooked over so technically, the Wife reported to him. Temasek reports to MOF which is why the equally incompetent Lim Hwee Hua reported on behalf of Temasek.
   
   6. PM made the biggest mistake of his career as PM, allow the appointment of his wife as CEO Temasek and wiped about billions of our reserves that his father MM and team build up so damn painstakingly over the decades.
   
   7. There’s no accountability and if singaporeans let it passed this time round ie the Ho Ching saga, by the time MM goes, I don’t think Singapore can survive well in another generation.
   THERE MUST BE ACCOUNTABILITY!
   
   8. To rub salt into the wound, “I’ve no regrets”. Seriously, what kind of F up attitude it that…oh ya, she’s the Wife of the Prime Minister.
   
   A very disappointed PAP Supporter.