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Las Vegas Sands signals it may not survive downtur
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knightrider
Elite |
11-Nov-2008 16:04
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Hey, time is really beri beri beri bad you know ! Yesterday , there is this koo koo bird bank robber go to rob UOB at City Plaza - really Singapore Desperate Houseman !!! | ||
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Andrew
Master |
11-Nov-2008 16:00
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If they still employ guka soldier show the gahmen has no trust in singaporean to protect them lor.
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AK_Francis
Supreme |
11-Nov-2008 15:57
Yells: "Happy go lucky, cheers." |
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Bear, u r absolutely right. We need changes to survive. Ie, Those kena Lehman issue need to face the facts. Old man said lately. Dun cry if CPF n pay cut n retrenchment, if they come. Dun go restaurant, cook at home. Wedding Dinner? postpone, as Ang Bow is small. Take public transport, if not when goes down slope, leave your car gear in neutral. What next???
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knightrider
Elite |
11-Nov-2008 15:54
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Aiya, there is old minister who left cabinet and later join back by the name of Ah Tan says : " this all for long ......long .......long ......long ........................................long terms investment". Hee ! Hee !
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SmartBear
Member |
11-Nov-2008 15:14
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no the moral of the story is we need CHANGE ! HAhAHAHahhahaa.... |
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AK_Francis
Supreme |
11-Nov-2008 15:14
Yells: "Happy go lucky, cheers." |
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The moral of all the stories is stay sideline???? | ||
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SmartBear
Member |
11-Nov-2008 15:12
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they can make money in singapore cos they monopolise almost everything in singapore... let u monopolise u can lose money meh ? Scholars getting the top jobs and making decisions with taxpayers money ???? Give me a break.... |
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SmartBear
Member |
11-Nov-2008 15:08
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come on lah... Temasek can only be profitable in SINGAPORE alone only.... every venture overseas ended up in the reds.... Shin Corp in thailand = chui ML and UBS in USA = chui Suzhou Industrial Park in China = chui Telco in Indo = Chui ABC learning in Aussie = Chui Eco-city in Tianjin, China = ??? |
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nickyng
Supreme |
11-Nov-2008 15:01
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aya..look on the bright side...we still hv 1 or 2 power station to let go...mind u..each cost S$1-4billions i think....ok lah...A$400m only...throw u 1 power station u still hv to $$-change me leh! :P |
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POOMALAH
Member |
11-Nov-2008 15:00
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Maybe thats why MM go to Macau. Need to bring Sands to the bargaining table and not hang on to its IR rights. Who said our banks don't have a "Credit Default" crisis...our version of it is sitting there in front of the Marina.
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knightrider
Elite |
11-Nov-2008 14:59
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There is this Tomasay-in-charge, who make decision to invest in Australia and lost $400m in australia what abc or xyz learning school ! Another long long long term investment ! Don't laugh, this is a long..................................................................................long term investment ! Ha ! Ha ! Ha ! that guy take S$$$ and laught all the way to A$$$$ and run liao. Now Tomasay group become Tomoto group ! Hee ! Hee ! |
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SmartBear
Member |
11-Nov-2008 14:53
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Temasek loses A$400 million in aussieland.... sigh.... |
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knightbridge
Veteran |
11-Nov-2008 14:46
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News will have to be made soon to clear the doubt. If not bank not willing to extend credit, contractors dun wan to built without giving them cash. New investor of the IR must have the immediate cash to restore the confidence badly needed. Also 50% - 50% joint venture is good, but sands must also resolve its default issue. If not partner are worried being pull down if sands file a Chapter 11. I think government is finding a consortium with a few companies to bailout the IR building, spreading the risk. Sands will definitely be on the upper end of the bargain table, as the government think it is to much to lose if IR not complete with the banks exposure to sands. Definite trying to help Sands to avoid default first, then find new investor to pump in capital in the IR. Sands will not want to sell out the IR rights at this moment, as it can be use to hold ransom again the gov due to the bank exposure (Gov held alot of Spore Bank Shares, if sands default gov lose also) If not it is a straight forward case, let Sands go bust and buy the rights to the casino at fire sales prices. Then alot of companies will want to buy a piece of the meat. |
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nickyng
Supreme |
11-Nov-2008 13:48
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well...if u hv it the garment's way...i thk 50-50% kinda of joint venture betn SANDS and Capitaland to revive the Marina IR proj a new possibility hor...given current crisis :P |
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knightbridge
Veteran |
11-Nov-2008 13:25
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If anyone is vested in Banks good time to sell and wait for them to clear up whether Sands will default or hav some cash injection which is badly needed. If not pick up some put option to leverage as insurance, in case free fall u are cover if not it is a small price to pay for thoses $10/lot investment. Rumor circulating in the market got reason, if not true the Banks and government will come out and clarified the rumor which is negative. They are not 100% assured themselve, that why dun dare to clarified in the market news. Capitaland cannot take over casino by going solo, cause to be in casino business u need experience to run. If not the sharks and whale will eat you alive on the betting table. Some whales in australia have the ability to burst the casino overnight. Caution! Caution! Caution! |
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knightrider
Elite |
11-Nov-2008 11:49
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Got See news hor ! MM Goh is heading to Macau today. I don't think he went for holiday pleasure to visit the new vienna casino. !!! |
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dcang84
Veteran |
11-Nov-2008 10:43
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They've oredi suspended Macau expansion. If they do go down. the losses to the local banks will be massive. Do u think the local authority have a choice? As long as Sands remain in business, there are still ways to rescue the project. | ||
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POOMALAH
Member |
11-Nov-2008 10:18
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Here is another thought, will you short CapLand on rumors that it may get dragged into rescuing the IR? | ||
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POOMALAH
Member |
11-Nov-2008 10:14
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Don't know whether this runour is real or wild guess by CIMB analyst. Anyway, CapLand has said they have not spoken to Sands at all. What we don't know is whether someone from the Garment have spoken unofficially to CapLand to standby.
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dcang84
Veteran |
11-Nov-2008 09:01
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Rumours of Capital Land getting involved courtesy of CNBC. This is as good as a Government bailout for the Las Vegas Sands project. |
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