Originally posted by eagle:Got many chances to load Starhub below $2 what...
I'm all prepared for a 2nd downturn.... First one happened when I just came out to work, no money :(
It's not about having 100k.... It's about if you will have 100k spare... They could already be all in shares at bargain prices...
there will be a correction later on, but dun think the correction will be as severe as the credit crisis last year. where have you seen DBS dropped from 20 - 6 plus one, then slowly risen to 15 plus. this type of event only happened once in a lifetime. I remembered CMT price in 2007 was 3 plus, now is 1.82 plus.
Originally posted by eagle:Got many chances to load Starhub below $2 what...
I'm all prepared for a 2nd downturn.... First one happened when I just came out to work, no money :(
It's not about having 100k.... It's about if you will have 100k spare... They could already be all in shares at bargain prices...
now you buy still lower price than in 2007. capitaland 4 plus, CMT also not bad 1.82, starhub 2 plus, SPH 3 plus, OCBC almost 9 etc.
I remembered capitaland rose from 2 plus in 2005 to 7 plus, almost 8, before the crisis exploded and dropped till 1 plus, almost 2. now slowly rising to 4 plus, can see the cap rise to 5 by April.
I'm not so confident as you, although I'm still holding on to my longer term positions.
First, you have to take into account Capland's rights issue, and splitting up assets to CapMallAsia.
2nd, we are indeed approaching an interim top, where a multi-month correction should begin. The question is when. I have not been going into longer term positions for quite a while, just short to mid term ones... STI 2968 (61.8% fibo) is a significant level to watch out for.
My dividend amount is about 6k per year... Waiting to liquidate some of my trading positions, hold on, and then latch in again, perhaps leveraging a little with DBS Share financing using my own portfolio as collateral...
Originally posted by Rooney9:now you buy still lower price than in 2007. capitaland 4 plus, CMT also not bad 1.82, starhub 2 plus, SPH 3 plus, OCBC almost 9 etc.
I have Breadtalk at 0.37, whose price is now near to it's 2007 peak... Considering if I should liquidate...
if you got extra funds, go invest in commodities. invest in gold, gold is good. commodities is the place to invest.
Originally posted by eagle:I have Breadtalk at 0.37, whose price is now near to it's 2007 peak... Considering if I should liquidate...
wah penny stock eh lol. penny stocks are volatile shares. although they are super cheap, but I would not touch them, but thats being me. if you are confident of what you are doing and a high risk taker, by all means, buy and then sell them.
Originally posted by Rooney9:wah penny stock eh lol. penny stocks are volatile shares. although they are super cheap, but I would not touch them, but thats being me. if you are confident of what you are doing and a high risk taker, by all means, buy and then sell them.
Breadtalk is risky? Not volatile at all... It's a defensive growth stock...
SPH price is still low, as is OCBC. Noble Group is not bad. dun buy comfort delgro. the price still the same as 2006 kaoz, price movement like not much of a change then and now. I will sell it very soon.
Originally posted by Rooney9:if you got extra funds, go invest in commodities. invest in gold, gold is good. commodities is the place to invest.
Sorry. When everyone is saying the same thing, then it's not a place for me.
Originally posted by eagle:Sorry. When everyone is saying the same thing, then it's not a place for me.
not everyone invest in commodities lar. Jim Rogers say one, good for you?
Originally posted by Rooney9:SPH price is still low, as is OCBC. Noble Group is not bad. dun buy comfort delgro. the price still the same as 2006 kaoz, price movement like not much of a change then and now. I will sell it very soon.
Feel free to go in. Be my guest.
STI is approaching major resistance at 61.8% fibo.
Originally posted by eagle:Breadtalk is risky? Not volatile at all... It's a defensive growth stock...
everybody need to eat bread lol, in good or bad times?
Originally posted by Rooney9:not everyone invest in commodities lar. Jim Rogers say one, good for you?
Robert Pretcher says commodities no good how? He's the one who called for the top a month before it, and the bottom few days before it as well.
You want to trust them?
Originally posted by eagle:Feel free to go in. Be my guest.
STI is approaching major resistance at 61.8% fibo.
no $$$. if got money sure go in last year liao, wait for what.
Originally posted by Rooney9:everybody need to eat bread lol, in good or bad times?
Breadtalk group not only owns bread, but they own Food Republic and the Ding Tai Fung chain in Singapore, and has secured the franchise to open 100 branches of Carls Junior in China. In addition, they have food courts and breadtalk branches in China, Malaysia as well.
And they are selling master franchises to Middle East.
You say good a not?
Originally posted by eagle:Robert Pretcher says commodities no good how? He's the one who called for the top a month before it, and the bottom few days before it as well.
You want to trust them?
when they say their stuff, you also need to do your homework. do not invest in anything you do not understand, period. I find Jim Rogers views got foresight. he knows what he is talking about, although he may not be right all the time.
Originally posted by Rooney9:no $$$. if got money sure go in last year liao, wait for what.
Exactly... That's the hidden catch that most pple dun think of...
Imagine this... I still have a friend who dream of getting rich via stocks, but he does not have a stable job, nor earn enough to sustain constantly buying in...
Originally posted by eagle:Breadtalk group not only owns bread, but they own Food Republic and the Ding Tai Fung chain in Singapore, and has secured the franchise to open 100 branches of Carls Junior in China. In addition, they have food courts and breadtalk branches in China, Malaysia as well.
And they are selling master franchises to Middle East.
You say good a not?
good for you.
Originally posted by Rooney9:when they say their stuff, you also need to do your homework. do not invest in anything you do not understand, period. I find Jim Rogers views got foresight. he knows what he is talking about, although he may not be right all the time.
Robert Pretcher knows what he's talking about too.
Commodities is like a musical chair. When the music stops and you are the last one... Good luck...
I find that for investments, you must find one that suits yourself.... not follow anyone all the way... You will always be latter than them in entering and latter than them in exiting...
author of investment books ???
then he should know better to be involved in REITS.................anything to do with property, private or commercial is a tragedy waiting to happen...........
Originally posted by Rooney9:not everyone invest in commodities lar. Jim Rogers say one, good for you?
CNBC reported Banks are forbidden from trading commodities...
It will be hit hard. Believe?
NEW YORK (Dow Jones)--President Barack Obama's proposal to rein in banks contains a number of provisions that could have a serious impact on the private equity arms of banks, as well as the private equity industry overall, depending on how the vague outlines unveiled Thursday are filled in.
Obama said in his remarks on the proposal that "banks will no longer be allowed to own, invest in or sponsor hedge funds, private-equity funds or proprietary trading operations for their own profit, unrelated to serving their customers."
Some say the clause at the end of that statement about serving customers may provide a loophole, as most banks would argue that their PE investments do just that. But the proposal nonetheless could mean any private equity or venture capital firm run by a bank would need to spin out on its own or wind down.
The number of such firms has decreased in recent years, as many banks have spun out their merchant banking operations, but there are still a number of financial institutions with significant private equity operations.
The most notable is Goldman Sachs Group Inc. (GS), which has some $145 billion in alternative assets under management as of Sept. 30. Goldman Sachs runs some of the biggest private equity funds around, including the $20.3 billion GS Capital Partners VI and the $13 billion GS Mezzanine Partners V. The bank has been a big investor in its own funds, with close to half of the capital in its sixth main fund, for instance, coming from the parent company and its employees.
Many market participants believe Goldman Sachs will be the hardest hit by the proposal as it is currently phrased. "[The proposal] is a big deal," said a senior executive at one bulge-bracket firm. "It hurts Goldman Sachs the worst because of its reliance on proprietary trading."
During a conference call with analysts Thursday, Goldman Sachs Chief Financial Officer David Viniar said the firm's private-equity business is "important" and "very integrated" with the rest of its businesses. "There are a lot of our very important clients invested in our private-equity business," he said, according to a transcript. "We invest alongside other clients of the firm, and we invest in clients to help them grow."
But Goldman Sachs is far from the only bank that might be impacted. The fate of Morgan Stanley's (MS) direct buyout arm, for instance, is up in the air. That unit is still trying to raise a multi-billion dollar fund, which held a first closing on around $2.5 billion in 2008. A person familiar with the matter said the fund is still open, though it isn't clear how much capital it has collected. Morgan Stanley also has a fund of hedge funds business, with about $16 billion in asset under management. It owns stakes in several hedge fund managers, including Avenue Capital Group, and has real estate investments and a small proprietary trading desk.
The co-heads of Morgan Stanley Private Equity, Stephen Trevor and Alan Jones, weren't available for comment.
J.P. Morgan Chase & Co. (JPM), which spun out its larger buyout arm a few years ago, retains a smaller buyout unit, One Equity Partners. A person familiar with the situation said One Equity would have to be divested, while the bank's asset-management business, which manages assets on behalf of third-party clients, probably wouldn't be affected. Tasha Pelio, a spokeswoman for One Equity, wasn't available for comment.
It isn't clear what will happen to Merrill Lynch, now part of Bank of America Corp. (BAC), or to a multi-billion-dollar private equity fund that it may or may not still be trying to raise. The fund originally had a target of $6 billion, with roughly half of the money to come from Merrill Lynch itself.
Other banks with private equity operations include Citigroup Inc. (C), which owns Metalmark Capital; Credit Suisse Group's (CS) DLJ Merchant Banking Partners, and Wells Fargo & Co. (WFC), which is the sole or main LP in a number of funds carrying the Norwest name. A spokeswoman for Citigroup declined to comment, while spokespersons for Bank of America, Credit Suisse and Wells Fargo weren't available for comment.
More broadly, the proposal as worded could shut down banks' capital commitments to any private equity firms--not just their own PE arms--making fund-raising harder for many in the industry.
Banks aren't huge investors in private equity funds--in 2008 they accounted for only 10.3% of overall U.S. fund-raising, according to the Private Equity Analyst Sources of Capital survey, and that percentage likely declined in 2009 as banks tend to pull back from PE during down periods. But in what is already a tough fund-raising environment, their removal from the capital pool wouldn't help, especially for the few firms that still do count banks as big investors.
"If banks can't invest--if insurance companies can't also--if endowments and pension funds have less money to put to work, it's going to be difficult to raise money for funds," said Antoine Drean, chairman of placement agent Triago.
Depending on how the administration's proposal is enacted, it could also force banks to sell existing fund stakes on the secondary market. If this were to happen en masse, it could result in a real logjam on the secondary market and major headaches for firms that count banks among their LPs. That has secondary firms salivating already.
"The regulations may cause some wholesale spinoffs," said Kelly DePonte, a partner at placement agent Probitas Partners. "This is good news for the secondary market as attractive partnerships will be offloaded."
However, one key legislator acknowledged the problems with that scenario, as House Financial Services Committee Chairman Barney Frank (D., Mass.) said in an interview on CNBC that any banking curbs should be implemented over a longer time frame of three to five years. "To order this to be all done all at once, it would be a fire sale and I would be opposed to that happening," he told CNBC.
In the end, industry participants said it is difficult to tell from Obama's brief statement just what the administration's proposals will look like in more fleshed-out form. They also don't know how the proposals might change as they make their way through Congress.
One guidepost might be similar proposals on Securities and Exchange Commission registration. When the administration originally proposed SEC registration in early 2009, it was intended to apply to all private equity, venture capital and hedge funds, but after heavy lobbying by the National Venture Capital Association, the version of legislation that eventually made it through the House of Representatives omitted venture funds from registration. And the version still pending in the Senate omits both venture and private equity funds.
Whatever happens, those affected in the private equity industry are hoping for more clarity soon, as they say the uncertainty this proposal has created--like others from this administration on topics like health-care reform--makes it difficult to go about their daily lives.
"These are prognostications that aren't actionable," said one executive at a private equity firm that used to be part of a bank.
Originally posted by eagle:Breadtalk group not only owns bread, but they own Food Republic and the Ding Tai Fung chain in Singapore, and has secured the franchise to open 100 branches of Carls Junior in China. In addition, they have food courts and breadtalk branches in China, Malaysia as well.
And they are selling master franchises to Middle East.
You say good a not?
the same Breadtalk that has over 100 shops region-wide but only makes just over 1 million from them ?
the boss should just do franchise of other restaurants..............Breadtalk is obviously a major failure when you only make 10,000 per shop per year..............waste of time and effort............
Originally posted by eagle:Feel free to go in. Be my guest.
STI is approaching major resistance at 61.8% fibo.
do Indices even respect fibs ?
even individual stocks are very iffy when it comes to fibs..............
heck, fibs are IFFY with everything...........LOL