Temasick to Lose USD 500 Million on Chesapeake?

[johnny333]

LONG TERM INVESTMENT, ' my daughter in law' the BEST! I prefer when the old guards were around, they were much more careful with the monies entrusted to them. GREED had gone to their head these days...it will be a very LONG TIME we get to see our retiremnt money, even if we ever get them, they will come in drips! LONG TERM INVESTMENT.:p

LKY got rid of all the old guard & put in his "own" people in. Sporeans were so naive to trust one man especially after such fiasco as his stop at two policy, favoring grad mothers, suing & imprisoning everyone who didn't agree with him,.....
All the signs were there but people chose to ignore the unhealthy situation. Now that the situation is out of control with too many people here, breakdowns of the MRT system, etc.

 

[pretender]

LKY got rid of all the old guard & put in his "own" people in. Sporeans were so naive to trust one man especially after such fiasco as his stop at two policy, favoring grad mothers, suing & imprisoning everyone who didn't agree with him,.....
All the signs were there but people chose to ignore the unhealthy situation. Now that the situation is out of control with too many people here, breakdowns of the MRT system, etc.

sinkies chose to believe that it is the fault of the hawkers
who offer to give an extra egg voluntarily.

 

[makapaaa]

Trust that incorrigible jinx gambler at your own risk!

64477.1

Reuters has a pretty unusual story this morning on what it describes as a $200 million hedge fund operating inside Chesapeake Energy (CHK) for at least four years, from 2004 to 2008. The stock is down 8.7% to $17.90 in premarket trading, as at least one analyst describes the company’s guidance as “gassy” — more on that below.The wire service says chief executive Aubrey McClendon, who recently said he would step down from the company’s chairmanship, ran “a lucrative business on the side” that traded in the same commodities that Chesapeake produces. The story quotes a person it calls “a veteran trader” who helped run Heritage Management Company LLC, which listed Chesapeake’s headquarters in Oklahoma City as its mailing address. The trader said McClendon had ”near daily” communications and “exhaustive” phone calls pertaining to the fund. Staff “included an accountant who was simultaneously employed by Chesapeake.” Reuters also says Chesapeake co-founder Tom Ward helped build the project.<DL style="PADDING-BOTTOM: 0px; MARGIN: 0px 8px 12px 27px; PADDING-LEFT: 0px; WIDTH: 262px; PADDING-RIGHT: 0px; FLOAT: right; PADDING-TOP: 0px" class="wp-caption alignright caption-alignright"><DT style="PADDING-BOTTOM: 0px; MARGIN: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 0px" class=wp-caption-dt> <DD style="TEXT-ALIGN: right; PADDING-BOTTOM: 0px; LINE-HEIGHT: normal; MARGIN: 2px 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; FONT-FAMILY: Arial, Helvetica, sans-serif; COLOR: rgb(102,102,102); FONT-SIZE: 1em; PADDING-TOP: 2px" class="wp-caption-dd wp-cite-dd">REUTERS <DD style="PADDING-BOTTOM: 0px; LINE-HEIGHT: normal; MARGIN: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; FONT-FAMILY: Arial, Helvetica, sans-serif; COLOR: rgb(51,51,51); FONT-SIZE: 1.1em; PADDING-TOP: 2px" class=wp-caption-dd>Chesapeake’s CEO Aubrey McClendon.</DD></DL> Reuters also claims that the fund “earned McClendon and Ward management fees and a cut of profits from outside investors.” While it would hardly be news for a leading commodity producer to be active in the market for its own products, the method by which Reuters asserts it was done is what seems unusual. We put a line into Chesapeake’s spokesman, who referred us to Mr. McClendon’s own spokesman. “Having made a supplemental FWPP disclosure last week, Mr. McClendon is not going to comment further on his personal investments at this time,” the spokesman said in an e-mailed statement. We will update here with anything further.​

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[Narong Wongwan]

knn never trust a man with a girl's name

 

[ricrain29]

Oppppps we did it again!!!!

 

[Raiders]

Oppppps we did it again!!!!

Hi, noticed that you registered 3 years ago. Hope to see your postings in the near future. Enjoy your stay

 

[Papsmearer]

Not really surprising, they have a track record of investing in 3rd world comanies: Thaksin, Indonesian companies, Chinese companies, etc. Many of these companies have less than stellar backgrounds I often wonder why Temasek doesn't just stick to respectable companies

The reason is that most of the deals are not sourced by their own in house stock analyst. Rather, they are brokered by 3rd party businessmen who earn a commission when the deal is done. Some of these brokers are real sweet talkers, tell Ho Ching what a hotty she is, etc. They give a set of books to Temasek to anaylse, but really, what should be happening is the other way round. Temasek should use sound business practice to identify companies that are worth buying, just like what Warren Buffet does. Buffet does not pay any third party broker fees. He does his own analysis. Of course, these brokers will kick something back to certain Temasek directors to sweeten the deal. This is how business is done in corruption free singapore.

 

[Merl Haggard]

The reason is that most of the deals are not sourced by their own in house stock analyst. Rather, they are brokered by 3rd party businessmen who earn a commission when the deal is done. Some of these brokers are real sweet talkers, tell Whore Jinx what a hotty she is, etc. They give a set of books to Temasick to anaylse, but really, what should be happening is the other way round. Temasick should use sound business practice to identify companies that are worth buying, just like what Warren Buffet does. Buffet does not pay any third party broker fees. He does his own analysis. Of course, these brokers will kick something back to certain Temasick directors to sweeten the deal. This is how business is done in corruption free singapore.

When the whore lost tens of billions of Dollars on Merrill Lynch and Citi Bank, she had to sell two power plants to cover her losses.

Obviously she is now selling the two China bank shares to cover her loss of USD 500 Million on Chesapeake.

Fucking bitch plunders $12m to $ 18m a year for losing so many billions!

 

[johnny333]

I remember reading that LKY is also acting as a special adviser with UBS

One wonders if it is a form of influence peddling? How can someone in the Spore cabinet be involved with a foreign company
Of course no one dares to ask too many questions, in case corruption is involved