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Citigroup is back on right footing,5-10yr recovery
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do you mean the bank will merge together ?
maybe we shall wait for the stress test results in the early May?
Hulumas ( Date: 21-Apr-2009 16:10) Posted:
Global deleveraging particularly in capital market is in process. So no doubt reducing the number of Bank, Financial institution like investment bank, hedge fund, asset management house and insurance company is imminent!!! Have you felt enought till now? Don't you think so?
jackjames ( Date: 21-Apr-2009 15:56) Posted:
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the last 5 words below should be "nationalised" instead ...
any citibank shareholder here?
sad.. GIC is in red again... |
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Global deleveraging particularly in capital market is in process. So no doubt reducing the number of Bank, Financial institution like investment bank, hedge fund, asset management house and insurance company is imminent!!! Have you felt enought till now? Don't you think so?
jackjames ( Date: 21-Apr-2009 15:56) Posted:
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the last 5 words below should be "nationalised" instead ...
any citibank shareholder here?
sad.. GIC is in red again...
jackjames ( Date: 21-Apr-2009 15:54) Posted:
| I cleared most of my holdings at high $4.45..
BUT....... leave 500 shares, with averaging price at $2.90.... thinking, if it goes up somemore, I won't heartache, because still got 500 shares to sell if it hits $5 or $6.. ( you must know it goes up from $2... to $4.5... everytime, I said, heng ar... I didn't sell, else, I earn less.... until that day, the profit is too good to be true in such a short time, so, profit taking some, and leave some for "any bull-run"..
obviously, when we look at it now.. it sounds like a bad choice, because it did drop to $2.80 yesterday... well, we can't time the market... so, getting ready to pump in more at price of $2.50, $2 respectively..
can you imagine the price of citigroup in year 2014? $25 ? $30 ? privatised? don't scare me la..
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the last 5 words below should be "nationalised" instead ...
any citibank shareholder here?
sad.. GIC is in red again...
jackjames ( Date: 21-Apr-2009 15:54) Posted:
| I cleared most of my holdings at high $4.45..
BUT....... leave 500 shares, with averaging price at $2.90.... thinking, if it goes up somemore, I won't heartache, because still got 500 shares to sell if it hits $5 or $6.. ( you must know it goes up from $2... to $4.5... everytime, I said, heng ar... I didn't sell, else, I earn less.... until that day, the profit is too good to be true in such a short time, so, profit taking some, and leave some for "any bull-run"..
obviously, when we look at it now.. it sounds like a bad choice, because it did drop to $2.80 yesterday... well, we can't time the market... so, getting ready to pump in more at price of $2.50, $2 respectively..
can you imagine the price of citigroup in year 2014? $25 ? $30 ? privatised? don't scare me la..
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I cleared most of my holdings at high $4.45..
BUT....... leave 500 shares, with averaging price at $2.90.... thinking, if it goes up somemore, I won't heartache, because still got 500 shares to sell if it hits $5 or $6.. ( you must know it goes up from $2... to $4.5... everytime, I said, heng ar... I didn't sell, else, I earn less.... until that day, the profit is too good to be true in such a short time, so, profit taking some, and leave some for "any bull-run"..
obviously, when we look at it now.. it sounds like a bad choice, because it did drop to $2.80 yesterday... well, we can't time the market... so, getting ready to pump in more at price of $2.50, $2 respectively..
can you imagine the price of citigroup in year 2014? $25 ? $30 ? privatised? don't scare me la..
respected teeth53
thank you very much !
(though belated .. been outstation ..)
respected teeth53
er .. with so many quotes within quotes ... we are a bit lost ....
would appreciate it very much if u could put it in a more simpler sentences for dumb-wits like me ...
thank you
Those choose not to believe, can also think like wise, i'm talking rubbish
Thing to note: Last stage...Got Cash is king to investment strategic. Happy investing...Ya.
teeth53 ( Date: 18-Apr-2009 20:52) Posted:
No party for Citi's owners: http://money.cnn.com/2009/04/17/news/companies/citi.analysis.fortune/index.htm
Consumer credit headaches loom
Perhaps more alarming for Citi -- as well as JPMorgan, Wells Fargo (WFC, Fortune 500) and Bank of America (BAC, Fortune 500), which will report its first-quarter results Monday -- is just how high losses on consumer loans such as credit cards could go later this year.
Citi's North American cards business swung to a $209 million loss in the first quarter, reversing the year-earlier $537 million profit. Credit costs - reflecting loans gone bad and expenses tied to reserving against future losses - nearly doubled.
The surging losses reflect "rising unemployment, higher bankruptcy filings and the housing market downturn," Citi said - national trends that show few signs of slowing any time soon. |
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Those few whom choose to believe in me, can be 100% sure one can have not just 100% profit. teeth53 thot: Can only go to 1000% in profit...US$1.50 cents to US$15.00 dollar. this will not becoming a so call long or very long term.
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1 -2 yr..any times..so long someone is very rich, very rich to buy..see no problem even if China SWF's is interested...even Arab can effort to buy....
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Think like great minded man...great mind from Saudi Arabis's Prince Alwaleed, GIC Tony Tan and greatest of all...from OBAMA and his financial team.
teeth53 thot: Great minded think alike..Citi is now on right footing...
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teeth53 ( Date: 28-Feb-2009 10:10) Posted:
New Citigroup targeted prices US$3.25 cents, over longer term US$10.00 to US$20.00 dollars is a real possiblity. With such strong supporters, such move is conditional that other SWF's like GIC, Saudi Arab Prince Alwaleed Talal, Capital Research Global Investors and Capital World Investors does the same, converting their preferred shares.
GIC has decided to convert it prefrerred shares to common shares, increasing it stake to 11.1% in it US$6.88 Billion investment in US gaint banking Group, CITI bank alongside US goverment who made it 1st move which decided for US govt to invest US$ 25 billion of it it own preferred shares it own to common shares, raising its stake to as much as 36% for US govt.
For GIC to convert its preferred shares at lower pricing, at US$3.25 per share than its original invested price of last Jan , or at US$26.35ct as for last year 2008. (Averaging down it losses from 80% to 24% or US$1.67 billion) that is based on last Thursday's closing price of US$2.49 cents.
GIC will however lost it 7% dividend from it preferred shares or US$482 miilion a year.
As a norm shareholder, GIC is taking on more market rick with it common shares. However the supported fund alongside US goverment has boosted Citi bank group capacity to weather today severe economic downturn. It will be win-win situation when economic turn to go up and world economy recovers.
This news has others Citi sharesholders who now face massive dilution from such action by US goverment and others SWF's investor taking on more common shares. Citigroup shares sliped more than 36% when markets opened yesterday to US1.56 cents
GIC thus become 2nd largest investor after US goverrment and
teeth53 thot this will not becoming a so call long or very long term, my estimation is between a 5 to 10 years times frame. GIC will be able to see it recovery on Citigroup as a worthy cause.
This is the work of US president Obama and his finance team to revise the economy by end of his (Obama) 1st term. |
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No party for Citi's owners: http://money.cnn.com/2009/04/17/news/companies/citi.analysis.fortune/index.htm
Consumer credit headaches loom
Perhaps more alarming for Citi -- as well as JPMorgan, Wells Fargo (WFC, Fortune 500) and Bank of America (BAC, Fortune 500), which will report its first-quarter results Monday -- is just how high losses on consumer loans such as credit cards could go later this year.
Citi's North American cards business swung to a $209 million loss in the first quarter, reversing the year-earlier $537 million profit. Credit costs - reflecting loans gone bad and expenses tied to reserving against future losses - nearly doubled.
The surging losses reflect "rising unemployment, higher bankruptcy filings and the housing market downturn," Citi said - national trends that show few signs of slowing any time soon.
Given that shares recovery took about six months ahead in advance to move upward....look likely now that investors has more confident in CITI share as it hit a high of four (4) US$ Dollars.
http://www.channelnewsasia.com/stories/afp_world_business/view/423077/1/.html
NEW YORK - Citigroup swung to a first-quarter profit of 1.6 billion dollars, rebounding back from massive losses in 2008 with the help of massive US government aid, the troubled banking giant said Friday.
Citi returned to the black following losses of 5.1 billion dollars in the same, "Our results this quarter reflect the strength of Citi's franchise and we are pleased with our performance," chief executive Vikram Pandit said.
"With revenues of nearly 25 billion dollars and net income of 1.6 billion, we had our best overall quarter since the second quarter of 2007."
teeth53 ( Date: 28-Feb-2009 10:10) Posted:
New Citigroup targeted prices US$3.25 cents, over longer term US$10.00 to US$20.00 dollars is a real possiblity. With such strong supporters, such move is conditional that other SWF's like GIC, Saudi Arab Prince Alwaleed Talal, Capital Research Global Investors and Capital World Investors does the same, converting their preferred shares.
GIC has decided to convert it prefrerred shares to common shares, increasing it stake to 11.1% in it US$6.88 Billion investment in US gaint banking Group, CITI bank alongside US goverment who made it 1st move which decided for US govt to invest US$ 25 billion of it it own preferred shares it own to common shares, raising its stake to as much as 36% for US govt.
For GIC to convert its preferred shares at lower pricing, at US$3.25 per share than its original invested price of last Jan , or at US$26.35ct as for last year 2008. (Averaging down it losses from 80% to 24% or US$1.67 billion) that is based on last Thursday's closing price of US$2.49 cents.
GIC will however lost it 7% dividend from it preferred shares or US$482 miilion a year.
As a norm shareholder, GIC is taking on more market rick with it common shares. However the supported fund alongside US goverment has boosted Citi bank group capacity to weather today severe economic downturn. It will be win-win situation when economic turn to go up and world economy recovers.
This news has others Citi sharesholders who now face massive dilution from such action by US goverment and others SWF's investor taking on more common shares. Citigroup shares sliped more than 36% when markets opened yesterday to US1.56 cents
GIC thus become 2nd largest investor after US goverrment and
teeth53 thot this will not becoming a so call long or very long term, my estimation is between a 5 to 10 years times frame. GIC will be able to see it recovery on Citigroup as a worthy cause.
This is the work of US president Obama and his finance team to revise the economy by end of his (Obama) 1st term. |
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teeth53 thot: Great minded think alike..Citi is now on right footing...
Today. Straits Times. Sat , Mar 21, 2009, headline has more confident to published full recovery is at least two (2) to three (3) years away or it could take up to six years, says MM lee.
teeth53 thot: This will be my estimation, between a 5 to 10 years times frame. GIC will be able to see it recovery on Citigroup as a worthy cause. This is the work of US president Obama and his finance team to revise the economy by end of his (Obama) 1st (5 years) term.
Citigroup is back on right footing, 5-10yr to full recovery on ShareJunction forum
teeth53 thot: When times to arrive for Citi to emerge stronger, it will be in S'pore blessing as a regional financial Hub and strenghtening Singapore as another world player, having play a critical role in strenghtening Citigroup, thus can see alot more players (banks and bankers alike) parking their $$$ here. However S'pore will have to strengthen and update it rules and financial regulation in tune with time and can automatic attract more very rich clients.
teeth53 ( Date: 21-Mar-2009 09:59) Posted:
Beginning for this prolong recession has started when bubble is forming...teeth53 thot: Beginning of recovery is only 2yrs away, another few yrs to slip upward B4 it peak (chiong) another few yr later. We are still at STAGE 4..credit melting....... |
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Beginning for this prolong recession has started when bubble is forming...teeth53 thot: Beginning of recovery is only 2yrs away, another few yrs to slip upward B4 it peak (chiong) another few yr later. We are still at STAGE 4..credit melting.......
Hulumas...your nick end with "mas" that is maly word means gold if i am not wrong..read.
http://www.sharejunction.com/sharejunction/listMessage.htm?topicId=6424&recordCount=20
me real glad that some are buying citi adn the like...those brave guy like me is rewarded...buying gold is risky..but not anymore..it is riskier wayback from 2000 to 2006..but not from 2007..going forward...see chart.
i will suggest that they take some casino money off the table...dont be greedy..and leave the other half to ride on the sucker rally.
So I am sideline at this moment.
cheongwee ( Date: 17-Mar-2009 18:59) Posted:
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I think u are the one who are not sure..i am sorry..if the govt have bought gold the px should be up..why the px move down...if China will to shift to gold instead of worthless US treasury bill,, they would have make handsome profit..
In fact, there was a report that one of the top economic advise the chinese sovereign fund to buy gold..really,,i ever read,
BTW..i am buying still...i bought gold since 2000...my ave px is current 420..but have shift a larger part to silver.
You better buy some, i see the stock market got further to go down... ..i suggest u wait during the gold correction to 880 to buy...i dont know whether we will see that px..but it is possible and even to 850..but not lower than that..why?
In the lastest report of UOB asset management report...i read that is take 730 to produce 1 oz of gold..so if this is true ..then i think 800 is the lowest...otherwise miner will stop..because it is not more profitable..
Anyway, i have a post suggesting to punt on citi and the like...did u buy..I have take some handsome profit..this is the time to punt not long...
I dont like the past, nor the future...i like current...only now can we do something...the future we may not be around the past is just history..market only rythm the history..will never repeat exactly the past..
You will regret when you see gold soar...even if by some miracle the market recover, but with so much paper $, can only give raise to inflation..that will also make gold soar..
Better scenario. would be more bankruptcy of big fishes on the DOW..now gold is very stable at 900 region is telling you something about the market ...you better buy gold and silver...even if you dont..gold will never go down to 400..
It will only go to 400 when the gold bull burst, but that will be many year from now,,by that time i will shout sell..
i like to siuggest to you to buy citi, AIG, BAC...i see the sucker rally take them even higher..and gold, p..be more ambitious buy silver..SLV..SLW...silver will run the fastest as the gold bull gallop along...
Buy now...
Hulumas ( Date: 17-Mar-2009 17:59) Posted:
| Are you really sure, if all the Sgd. 58 billions placing into Gold in year 2000, do you think the Gold price will be USD 935 as what you mentioned? Why don't you think the price will probably moved down instead below USD.255??? Citi moved up to more than USD. 100??? I tell you no one can tell the future! Telling past with 100% accuracy is very very eassy, every one can easily do that. Is not it |
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I think u are the one who are not sure..i am sorry..if the govt have bought gold the px should be up..why the px move down...if China will to shift to gold instead of worthless US treasury bill,, they would have make handsome profit..
In fact, there was a report that one of the top economic advise the chinese sovereign fund to buy gold..really,,i ever read,
BTW..i am buying still...i bought gold since 2000...my ave px is current 420..but have shift a larger part to silver.
You better buy some, i see the stock market got further to go down... ..i suggest u wait during the gold correction to 880 to buy...i dont know whether we will see that px..but it is possible and even to 850..but not lower than that..why?
In the lastest report of UOB asset management report...i read that is take 730 to produce 1 oz of gold..so if this is true ..then i think 800 is the lowest...otherwise miner will stop..because it is not more profitable..
Anyway, i have a post suggesting to punt on citi and the like...did u buy..I have take some handsome profit..this is the time to punt not long...
I dont like the past, nor the future...i like current...only now can we do something...the future we may not be around the past is just history..market only rythm the history..will never repeat exactly the past..
You will regret when you see gold soar...even if by some miracle the market recover, but with so much paper $, can only give raise to inflation..that will also make gold soar..
Better scenario. would be more bankruptcy of big fishes on the DOW..now gold is very stable at 900 region is telling you something about the market ...you better buy gold and silver...even if you dont..gold will never go down to 400..
It will only go to 400 when the gold bull burst, but that will be many year from now,,by that time i will shout sell..
i like to siuggest to you to buy citi, AIG, BAC...i see the sucker rally take them even higher..and gold, p..be more ambitious buy silver..SLV..SLW...silver will run the fastest as the gold bull gallop along...
Buy now...
Hulumas ( Date: 17-Mar-2009 17:59) Posted:
Are you really sure, if all the Sgd. 58 billions placing into Gold in year 2000, do you think the Gold price will be USD 935 as what you mentioned? Why don't you think the price will probably moved down instead below USD.255??? Citi moved up to more than USD. 100??? I tell you no one can tell the future! Telling past with 100% accuracy is very very eassy, every one can easily do that. Is not it?
cheongwee ( Date: 02-Mar-2009 00:48) Posted:
Something to share.... PM interview at Hua Hin, Thailand...
Qn : re GIC/Citigrp : What's the impact for GIC
PM : No, I'm not discussing GIC today, this issue has been addressed from time to time in Parl; i think recently Mrs Lim Hwee Hua answered qns in Parl from Sylvia Lim n others... n i dont hv an update. The position we have taken, and it's the correct attitude, is that this is long term money invested with a LT perspective, n u hv to take ups and downs, n u hv to look at the overall portfolio, and overall, we've performed well. In a bad year, like last yr, this yr, we probably will see shrinkage, but u hv to take a LT perspective, bcos if u jump up and down and u want to break even or make money every quarter, i think u will not be able to have a sensible policy or a sensible outcome. You will end up not protecting your value, and it will be like buying gold which will do nothing, or putting your money in a safe deposit box, which also will do nothing, and we cannot do that.
What ??gold do NOTHING???or did he read anything abt gold??...if they have join me and buy gold back...in 2000 at 255...today we will be the only SWF on this planet doing very well...gold today is 935..266%...instead of losing billions in citi...
What can i say...he prefer to put $ in a lousy stock...$58b...that is $16100 for every one of the 3.6 millions pepole in Singapore.!!! |
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Are you really sure, if all the Sgd. 58 billions placing into Gold in year 2000, do you think the Gold price will be USD 935 as what you mentioned? Why don't you think the price will probably moved down instead below USD.255??? Citi moved up to more than USD. 100??? I tell you no one can tell the future! Telling past with 100% accuracy is very very eassy, every one can easily do that. Is not it?
cheongwee ( Date: 02-Mar-2009 00:48) Posted:
Something to share.... PM interview at Hua Hin, Thailand...
Qn : re GIC/Citigrp : What's the impact for GIC
PM : No, I'm not discussing GIC today, this issue has been addressed from time to time in Parl; i think recently Mrs Lim Hwee Hua answered qns in Parl from Sylvia Lim n others... n i dont hv an update. The position we have taken, and it's the correct attitude, is that this is long term money invested with a LT perspective, n u hv to take ups and downs, n u hv to look at the overall portfolio, and overall, we've performed well. In a bad year, like last yr, this yr, we probably will see shrinkage, but u hv to take a LT perspective, bcos if u jump up and down and u want to break even or make money every quarter, i think u will not be able to have a sensible policy or a sensible outcome. You will end up not protecting your value, and it will be like buying gold which will do nothing, or putting your money in a safe deposit box, which also will do nothing, and we cannot do that.
What ??gold do NOTHING???or did he read anything abt gold??...if they have join me and buy gold back...in 2000 at 255...today we will be the only SWF on this planet doing very well...gold today is 935..266%...instead of losing billions in citi...
What can i say...he prefer to put $ in a lousy stock...$58b...that is $16100 for every one of the 3.6 millions pepole in Singapore.!!! |
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Better luck next round, don't chase after rising price, read having temple dinner bring u good luck, more good need, held herein S'pore..!!
Ha ha Expired. Q all d way 1.32; 1.48;1.68, to no avail. Last Fri, closed at 1.78, but interesting BOA down 9 cts leh. D other 2 auto giants n Banks up couple of cents.
D setback online trading with DJ is that there is 15mins delay in trading update fr DJ real time. U ought to guess d px for buying n selling, we r in d loosing end.
teeth53 ( Date: 15-Mar-2009 16:45) Posted:
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Hi AK did U made ur purchase <US1.20..?. Hope U do. happy trading...YA
Today Straits Times paper reported US three financial huge gain. Dow Jones Industrial Average of 30 blue Chips surged 9% on the week to end last Friday at 7,223.98.
The board base market standard and poor's 500 bounced back from nearly 13 years low, rallying 10.7% in the week to 756.65
Tech heavy Nasdaq composite climbed 10.6% over the week to 1,431.5.
Citigroup jumped 73% to US$1.78ct
BoA rose 83% to US$5.76ct while
JPMorganadded 49% to US$23.75ct
teeth53 ( Date: 28-Feb-2009 10:30) Posted:
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0.03 (0.82%) as of 7:59am SGT on 04/18/09
0.36 (8.98%)
, then credit squeeze
, next credit crunches
, what next ?
, credit melt.......