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just open eyes big big ears big big to observe the counters u bought. anything fundamentally wrong, byebye
so is sillybear and farmer avg down NOW becos of your CONFIDENCE of mgt of MIIF ???!!!!?? :D
That's right! Averaging down if you've got confident in its mgmt and FA - Totally Agree!
Averaging down is not a tool to lower your average costs just for the sake of lowering the costs, which I believe a lot of ppl could be doing.
Averaging down is an opportunity to own a stock U THINK can last long term, not others.
Farmer ( Date: 23-Sep-2008 12:18) Posted:
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'm a penny stock. U're a Blue CHIP !!
haha! 'm limited.
nickyng ( Date: 23-Sep-2008 12:10) Posted:
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wah sillybear,
then u shld hv buy-in more at 43.5cts now leh to avg down even further ?!??! :P
Stupidbear ( Date: 23-Sep-2008 12:01) Posted:
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Stated on the left column of the blog.
My Average price is around 0.6025 which 'm perfectly fine with. =)
Farmer ( Date: 23-Sep-2008 10:40) Posted:
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wah..interesting...wonder intra-day SHORT is banned as well? hee.....i dun thk so rite? haha....
anyway SHORT and u will know :D
Farmer ( Date: 23-Sep-2008 09:43) Posted:
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Stupidbear, kind to share what is your averaging price? Mind is < 50cts now.
Another concern is that.....can its mgmt be trusted in the face of this crisis? It's consider unprecedented even by many experience mgmt ww.
Check out my entry on MIIF.
http://bear-analysis.blogspot.com/2008/09/conversation-with-miif.html
ShareJunky ( Date: 23-Sep-2008 09:27) Posted:
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http://bear-analysis.blogspot.com/
I had a conversation recently with MIIF last friday and posted our conversation in brief .
Just for sharing purposes.
Personally vested.
Singapore, 18 September 2008 –
(MIIF) today noted that Standard and Poor’s (S&P) had reaffirmed its ratings for the
Macquarie group of companies (the Group)
credit ratings on Macquarie Bank Limited, and ‘A’ long term and ‘A-2’ short term issuer
credit ratings on Macquarie Group Limited, Macquarie Financial Holdings Limited, and
Macquarie International Finance Limited. MIIF is managed by Macquarie Infrastructure
Management (Asia) Pty Limited (MIMAL), a wholly owned subsidiary of Macquarie
Group Limited.
In addition, Moody’s Investor Service has affirmed, with a stable outlook, the A1/Prime-1
deposit and debt ratings of Macquarie Bank Limited. Macquarie Group Limited and
Macquarie International Finance issuer and debt ratings were reaffirmed at A2/Prime-1.
Mr Gavin Kerr, Managing Director of MIMAL, noted the comments by Mr Greg Ward, the
Group’s Chief Financial Officer, who said that “while current markets are challenging, the
Group remains profitable, well capitalised and well funded with liquid assets of more than
$A20 billion as at 30 June 2008. The Group’s existing long term funding sources exceed
the Group’s long term assets and the Group has raised over $A6 billion of long term
funding from various sources since 31 March 2008. As we have previously noted, we have
been carefully managing exposures to professional counterparties for some time.”
Macquarie Group Limited is regulated by the Australian Prudential Regulation Authority
(APRA) as a holding company of an Australian bank. In addition the Group’s operations
are subject to regulation by over 100 regulatory agencies around the world.
Mr Kerr also noted that the Group had advised that it had exposures of $A21 million to
Lehman Brothers group and $A33 million to American International Group which
separately and combined are not material.
MIIF anticipates continued solid performance across its infrastructure businesses for the
remainder of FY2008. MIIF will continue to focus on existing operations, particularly on
cost control and performance enhancement, as well as reviewing potential acquisition
opportunities in Asia that are consistent with its investment criteria.
Macquarie International Infrastructure Fund Limited1: ‘A’ long term and ‘A-1’ short term issuer=====================================================
1
regulator, as the owner of Macquarie Bank Limited, an authorised deposit taker
Macquarie Group Limited is listed in Australia (ASX:MQG) and is regulated by APRA, the Australian banking=
Macquarie International Infrastructure Fund Limited 2
=Mr Kerr added that: “Through a responsible financial management regime, MIIF continues
to have a solid balance sheet and is well positioned to prosper amid market uncertainties.
The enterprise value of MIIF’s investments on a proportional basis is S$3.9 billion and
gearing as a percentage of enterprise value is 59 per cent
underlying businesses have substantial remaining tenors of between three and 14 years,
with the earliest maturing in 2011. These borrowings are well matched to the long-term
cash flows generated by these businesses. The majority of the underlying businesses
interest rate exposures are hedged for the medium to long term. Further to this, borrowings
held by these underlying businesses are non-recourse to MIIF.”
Please refer to MIIF’s website at
13 August 2008 headed “SGX Quarterly Report for the half-year ended 30 June 2008” for
the most recent update on the performance and operations of MIIF.