Temasek suffered heavy losses from ABC

[Cheekg98]

There goes tax payers $$$ ...

 

Temasek will be one of the biggest casualties. It took a 12 per cent stake worth about A$400 million last year, buying in when the shares were at A$7.30 only to see the stock plummet to 54 Australian cents before they were suspended.

 

http://www.straitstimes.com/Breaking%2BNew...ory_300845.html

Edited November 11, 2008 by Cheekg98

[Seaweed]

A$400 million based on a population of 4 million in sillypore and FX of A$1=SGD1....we just lost SGD100 each !!!!! can get me at least 30 pack of chicken rice...

[Falc]

Our elites got con by elite conman from down under.

[Blackyv]

dont worry.. it's for long term investment... from A$7.30 drop to A$0.54 is just a short term drop since it's only within 1 yr... in long term, maybe 50-100 years, it will climb back and gives us a very good returns...dont worry...

 

btw, did u tuned to radio recently, many advs about asking people putting money into cpf for the "1%" extra returns.......

[Law_ong]

put in and forget about taking back..

[Dumb]

Our elites got con by elite conman from down under.

---------------------------------------------------

 

What elite conman? The brutual truth is our elites thought it was simple ABC. Instead they got milked by milkman.

[Vroomtattat]

Bro, they want you to be healthy and to avoid oily food

 

We should be thankful

[Endorrachua]

Heard that too!!!

 

WTF, who so stupid to put money for that only 1% interest and money locked for "infinite time"??

 

I read it as they are desperate for $$$$ (to cover the big hole they caused)

 

Sad to said "no transparency".

[Picanto]

i know who say that. some super bigshot. he is now fighting a court case against some foreign newpapers. we sure know who win one lah. would the judge dare let him lose?

[Freeman]

There goes tax payers $$$ ...

 

Temasek will be one of the biggest casualties. It took a 12 per cent stake worth about A$400 million last year, buying in when the shares were at A$7.30 only to see the stock plummet to 54 Australian cents before they were suspended.

 

http://www.straitstimes.com/Breaking%2BNew...ory_300845.html

 

Don't worry, they have over million people to share the losses.

But if make money, who benefit?

[Blackyv]

and the 1% extra is NOT forever... could be adjusted downward or removed....

[Mzrmazda3]

There goes tax payers $$$ ...

 

Temasek will be one of the biggest casualties. It took a 12 per cent stake worth about A$400 million last year, buying in when the shares were at A$7.30 only to see the stock plummet to 54 Australian cents before they were suspended.

 

http://www.straitstimes.com/Breaking%2BNew...ory_300845.html

 

[Tanlee]

they can always say it is an honest mistake, let move on...

[Falc]

They will claim it's not even a mistake, it's an unfortunate event that's all. Coz "nobody" could have predicted it ...

[Tanlee]

the world is at fault, except them... that is why they deserved that million dollars...

 

hope they dont add in the part about our children will become maids in other countries, and they are the saviour...

[Wanderer]

Maybe they tot they got the shares at a discount, but then the company could be on a downtrend already...

 

It doesn't really matter to them how long it takes to recover lah, cos they exists solely to beat inflation FOREVER....

 

Maybe the next gen then the price will go back.....

 

I doubt the 1% extra is attractive enough lah, now also dunno can get back boh

[Doosan]

no mistake lah buddy,

tat's e learning curves...........

like NSHW curve, curve bridge fr jaybee?

[Slayer]

Lets see how it goes.