tag:blogger.com,1999:blog-8772491888812684500.post877193664365139824..comments2024-03-21T14:35:09.854+08:00Comments on Singapore Notes: Gupta's Expensive BuyTattlerhttp://www.blogger.com/profile/11037010707866164010noreply@blogger.comBlogger14125tag:blogger.com,1999:blog-8772491888812684500.post-85664858531646156722012-04-05T22:30:41.041+08:002012-04-05T22:30:41.041+08:00It only gives me the impression that something fis...It only gives me the impression that something fishy is happening, no ? Remember the old man once said that their investments are meant for the long term ? So why ?<br /><br />Maybe Temasek needs to lock in some profits in order to cover up some big losses, who knows ?Alan Wongnoreply@blogger.comtag:blogger.com,1999:blog-8772491888812684500.post-44018725684058226262012-04-04T17:58:31.081+08:002012-04-04T17:58:31.081+08:00http://josh.sg/2012/04/two-thoughts-on-the-dbsdana...http://josh.sg/2012/04/two-thoughts-on-the-dbsdanamon-deal/Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8772491888812684500.post-29969490759038091292012-04-04T17:52:37.319+08:002012-04-04T17:52:37.319+08:00Seriously, this is left pocket to right pocket wha...Seriously, this is left pocket to right pocket what is there to shout about?<br /><br />And if you hear the news that DBS will also next buy 14% stake from Malaysia Alliance Finance group for $270m, again, from Temasek..you have to wonder why this go about way to inflate the portfolio earnings of SWF while making another local CEO looks good..<br /><br />Whatever happens to DBS - "Don't Be Singaporeans" <br /><br />Apparently this CEO can't do a direct buy/takeover without going through the mothership.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8772491888812684500.post-92079915777906438292012-04-04T17:15:24.683+08:002012-04-04T17:15:24.683+08:00Tattler says: Temasek is tired of Danamon's re...Tattler says: Temasek is tired of Danamon's record of returns since its acquisition in 2003?<br /><br />I am not a financial expert, but I think this is not the case. I understand when Temasek bought PT Danamone in 2003 it paid around US$410 or maybe more(please correct me if I am wrong) through a subsidiary Fullerton Financial Holdings in which Deutchbank has a share. By selling now at S$9.1 billion (56.3% premium over mkt price) to a very willing partner it has made a killing. It not only locks in this profit but divests itself of direct ownership of Danamone. Very good deal for Tamesek, don't you think, as it boosts it's bottomline for 2012. As for how good it is to DBS, it's left to be seen. Don't forget Temasek also holds shares in DBS which will go up to 40%, so indirectly they still own Danamone. Since the price of DBS has dropped, the actual S$9.1 billion will be less on paper. Extra bonuses for Temasek staff?<br /><br />I already commented:<br />Anonymous Apr 3, 2012 09:54 PMAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-8772491888812684500.post-59037349971056346222012-04-04T15:24:51.327+08:002012-04-04T15:24:51.327+08:00Please advise - In essence -
1. Dbs issues share...Please advise - In essence - <br /><br />1. Dbs issues shares for purchase - no cash involved in the Temasek deal. For minority shareholders - cash plus shares deal.<br /><br />2. This deal is akin to father sell to son at at 56.3 % premium over Mkt price.JeffGohnoreply@blogger.comtag:blogger.com,1999:blog-8772491888812684500.post-79364754851788766812012-04-04T12:54:56.540+08:002012-04-04T12:54:56.540+08:00You are right. Temasek's Total Shareholder Re...You are right. Temasek's Total Shareholder Return in 2011 was 4.60%, below target by $8.8 billion. With this deal the TSR for 2012 will be closer to their goal of 17% compounded annually. It's taking from one to make the other look good. Look at who are on the boards of both Temasek Holdings and DBS Group.<br /><br />http://www.temasekreview.com.sg/2011/overview/from_chairman.html<br /><br />The question to ask is, if Temasek Holdings, using money borrowed from our CPF, is earning so much, why are we paid only 2.5% in our CPF?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8772491888812684500.post-82067813187638443292012-04-04T11:40:58.670+08:002012-04-04T11:40:58.670+08:00They just never learn. They have this wonderful re...They just never learn. They have this wonderful reputation among investment circles of being in the habit of over-paying on their investments. They are always suckers.<br /><br /><a href="http://www.allaboutlovensex.blogspot.com" rel="nofollow">Sad to say that what they lose, they will compensate by squeezing us more! This is a vicious circle!</a>Ng Eng Houhttp://allaboutlovensex.blogspot.comnoreply@blogger.comtag:blogger.com,1999:blog-8772491888812684500.post-20223880823620176092012-04-04T10:54:51.185+08:002012-04-04T10:54:51.185+08:00Fantastic article.Fantastic article.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8772491888812684500.post-633354691825089922012-04-04T10:51:49.345+08:002012-04-04T10:51:49.345+08:00I can't believe what a Ponzi scheme Ho Jinx is...I can't believe what a Ponzi scheme Ho Jinx is runningAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-8772491888812684500.post-17907019013037248632012-04-04T09:43:28.680+08:002012-04-04T09:43:28.680+08:00Wonder if it was Gupta who made the decision to pu...Wonder if it was Gupta who made the decision to purchase.<br />Still, win or lose, Gupta will get paid monthly.<br /><br />I'm just glad to see that Temasek (taxpayers) is getting rid of another bank.<br /><br />Yeah right.<br />After just a decade, Indonesia is now suddenly the next greatest banking growth opportunity.<br /><br />Just glad that it's DBS shareholders and not the Singapore taxpayers that will be given this great opportunity.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8772491888812684500.post-9895720466391928852012-04-04T09:42:41.497+08:002012-04-04T09:42:41.497+08:00Looks like simple way of transfering money from DB...Looks like simple way of transfering money from DBS to Tamasek. This way, Tamasek can boast its ability to make extraordinary profits. But hang on, its a matter of right to left pocket. Is there a real profit?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8772491888812684500.post-88587557327963898522012-04-04T07:44:17.039+08:002012-04-04T07:44:17.039+08:00Ha ha ha...merely means Temasick looking for profi...Ha ha ha...merely means Temasick looking for profits..things must be looking really tough in corporate land when you need to flip to your underlingsjjgghttps://www.blogger.com/profile/15409504138431235962noreply@blogger.comtag:blogger.com,1999:blog-8772491888812684500.post-6926098830503934202012-04-03T20:35:38.677+08:002012-04-03T20:35:38.677+08:00i hope they dont loose money if not singaporeans w...i hope they dont loose money if not singaporeans will pay extra tax to goverenmentAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-8772491888812684500.post-55665297816431545292012-04-03T20:19:18.527+08:002012-04-03T20:19:18.527+08:00Mr Gupta probably have a mandate or KPI to complet...Mr Gupta probably have a mandate or KPI to complete a M&A soon. <br />But you have to wonder...why else do they need to go behind the back and buy it from Temasek, instead of outright acquisition or takeover? <br /><br />Me thinks - another shin-corp deal in the remaking.Anonymousnoreply@blogger.com