Muddy Waters releases report on Temasek's Olam - shares plunge 6%!

[Merl Haggard]

http://www.muddywatersresearch.com/research/olam/initiating-coverage-olam/


Muddy Waters has just released its report on Olam International which Temasek has a 16% interest.

Olam share price today plunges more than 6%.

 

[watchman8]

http://www.muddywatersresearch.com/research/olam/initiating-coverage-olam/


Muddy Waters has just released its report on Olam International which Temasek has a 16% interest.

Olam share price today plunges more than 6%.

Any company run by ah neh is bad enough. Significant business in Nigeria some more. Temasick really got no eyes and brains. That's how sinkieland national assets got plundered.

 

[Bigfuck]

http://www.muddywatersresearch.com/wp-content/uploads/2012/11/MW_OLAM_11272012.pdf

Orh Lum par

 

[halsey02]

I thought it was this Muddy Waters http://en.wikipedia.org/wiki/Muddy_Waters , once again our hard earned money is singing the blues!!

 

[TenderLovingCare]

Any company run by ah neh is bad enough. Significant business in Nigeria some more. Temasick really got no eyes and brains. That's how sinkieland national assets got plundered.

When Ho Jinx said buy, who in Temasek dare to say no?

I wonder why they need so many highly trained and highly paid staff in Temasek.

 

[CALLofDUTY]

When Ho Jinx said buy, who in Temasek dare to say no?

I wonder why they need so many highly trained and highly paid staff in Temasek.

So that she can put the blame on when things go wrong.

 

[Bigfuck]

This is the time that ISD, MSD, SIB put in their surveillance resources and fixing abilities on Muddy Waters. But bo ji. So a few billion dollars going to get burned.

 

[halsey02]

This is the time that ISD, MSD, SIB put in their surveillance resources and fixing abilities on Muddy Waters. But bo ji. So a few billion dollars going to get burned.

The source is eternal, every minute there is somebody out there working, at any hour of the day...this is free flow...free flowing...

 

[Bigfuck]

The source is eternal, every minute there is somebody out there working, at any hour of the day...this is free flow...free flowing...

You mean there are masters greater than the One inside the Matrix? Beam me out Scottie, without me loitering around the 200m danger zone!

 

[Clone]

Mai kia lah...the bulk was bot @1.60 in 2009. Lost a bit only.

Report was released shortly after lunch today.

 

[watchman8]

Mai kia lah...the bulk was bot @1.60 in 2009. Lost a bit only.

Report was released shortly after lunch today.

Who bought the billions of dollars of olam bonds? Muddy water says bond holders to lose a lot of money, meaning equity lost is going to be near total. How will temasick sell 16% equity?

 

[ray_of_hope]

The only good thing about this episode is that S'pore Inc and its components are being held to international scrutiny and standards. I make no judgment but wait to see whose arguments and analysis are the stronger.

 

[laksaboy]

Any company run by ah neh is bad enough. Significant business in Nigeria some more. Temasick really got no eyes and brains. That's how sinkieland national assets got plundered.

It's easy to gamble recklessly when it's not your money and you're assured of new incoming money all the time.

 

[laksaboy]

The only good thing about this episode is that S'pore Inc and its components are being held to international scrutiny and standards. I make no judgment but wait to see whose arguments and analysis are the stronger.

And the 'international scrutiny' has a hidden agenda to destabilize Singapore.

 

[ray_of_hope]

And the 'international scrutiny' has a hidden agenda to destabilize Singapore.

haha. That's a conspiracy theory too far... But heck, this is SBF so that's par for the course.

 

[watchman8]

It's easy to gamble recklessly when it's not your money and you're assured of new incoming money all the time.

And no open reporting too. The public can only imagine how much worse GIC accounts will look if all their private equities deals are properly accounted for.

 

[Merl Haggard]

Mai kia lah...the bulk was bot @1.60 in 2009. Lost a bit only.

Report was released shortly after lunch today.

One month ago Olam was trading at 2.04.

The plunge has just begun.

Olam cud be another ABC.

 

[mojito]

The plunge has just begun.

Plunge? Nonsense! It... it's just fluctuating!

 

[watchman8]

Plunge? Nonsense! It... it's just fluctuating!

Temasick spokesperson: olam is a long term strategic investment. We are not concerned with short term share price fluctuations and irrelevant foreign stock commentators. Neither does temasick usually comment on any specific investment. As this is a long term holding, the investment will remain on our portfolio at book value for the long run.

 

[Merl Haggard]

It's easy to gamble recklessly when it's not your money and you're assured of new incoming money all the time.

What to do? This Ah Neh is a very close friend of the jinx whore.

He was the one who helped the whore launched City Spring which sent many to Horlan.

City Spring IPO was priced at $1 in 2009 and today it's 44c.