Australia reject SGX takeover offer.
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I knew it from the start,the 2 countries political idea was totally different.Singapore is a autocracy country,whereby Australia is democracy country.Its like a shark trying to swallow up the whale,it wont be successful.
Or it will be like Mainland China trying to take back Taiwan without using force,its impossible.Two different political idea is the main obstacle in this stock market merging issue.
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the white cannot lose face one lah, die die also give sell to another white country.
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seriously, i think this topic shouldnt be in politics but business and commercial
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Takeover? Takeover?!
BWAAAAAAAAAAAAAAHAHAHAHAHAHAHHAHAA!!!!
That's like a mouse trying to rape an elephant!
There's no takeover - SGX offered a couple of billion to try and buy a share of the Oz market. Given how Singtel has gotten nowhere with Optus after spending god knows how much money, this SGX bullshit is simply a case of "buay jai see" - Australia's just done them a huge favour.
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Originally posted by angel7030:
the white cannot lose face one lah, die die also give sell to another white country.
Apart from the ego of Caucasians(i dont like to label them as white,coz their skin color is not that white really,i have seen alot of Asians skin whiter than them),one cant deny that political idea differences also a factor that decides whether the merges will be successful or not.
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not sure if any political indication. But when the news came up, ASX shares down 3.3% and SGX shares went up 6% before closing at 4% higher.
SGX should not waste any money on ventures that would go down the drain.
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Originally posted by Kaizer56:
Apart from the ego of Caucasians(i dont like to label them as white,coz their skin color is not that white really,i have seen alot of Asians skin whiter than them),one cant deny that political idea differences also a factor that decides whether the merges will be successful or not.
Nothing is said about the political implication, but Swan clearly stated that it is not in Australia national interest. It is a take over man!!!! how can ASX be taken over by a small SGX?? having said that I am not sure how will a successful merger benefits Singapore.
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Originally posted by sgdiehard:
SGX should not waste any money on ventures that would go down the drain.
Precisely. As the Singtel/Optus fizzle has already shown, people need to stay away from markets that they don't understand.
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Originally posted by sgdiehard:
Nothing is said about the political implication, but Swan clearly stated that it is not in Australia national interest. It is a take over man!!!! how can ASX be taken over by a small SGX?? having said that I am not sure how will a successful merger benefits Singapore.
So the proposed "consolidation" is more of a defensive move by SGX rather than tried to takeover. I think SGX maybe a subject of being bought over or diminishing role in Asia in rising financial Cap.
Money attract more monies.....Banks across the world are reporting profit from Asia. i would not be surprised proposed merger betweeen SGX and another exchange would surface this year. Particular those who are interested in getting pie of the Asia funds.
Australia is huge enough to be on his own world no doubt about it. but very soon if SGX is taken over by regime that does not served Australia trade policies it will find that there are no more supportive market available in the regions. It will find itself on its own again facing an Economics Giant at its door steps.
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Its is a business transaction, not a issue of small eat the big, but because of the raise in Aust $, the initial agreed upon amount by principle might had changed, and this led to the deal falling out.
The objective of SGX is to be come a big global player, with Nikkie falling and weakening, a buy over of ASX could topple nikkie our of it blue, very soon SGX will operate in a full day (no lunchbreak) exchange board, this show the aggressiveness of it approach.
As for ASX, the demanding for higher pay out can also be a way of getting out of the deal, after all, they dun wish to see an indian or chinese controlling controlling the melbourne stock exchange white peoples. On the other hands, the political aspect can also influence the decision to call off the deal, cos aust peoples will not like to see their national financial insitute to fall back on someone control, especially so from a once small fishing village of different races.
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What does the SGX expect? Most Singaporeans do not have white skins - so do you expect those white trash Aussies to approve the sale of their exchange to a bunch of ambitious Asians. The next time a white trash Aussie is caught with trafficking in illicit drugs, our govt. better be prepared to hang them instead of letting them off on bail.
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When will Asians wake up ? Didn't they know the white skins always feel more superior to them?
One Liverpool football team story not enough to wake the ASians up, money can't buy everything know.
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Originally posted by Wiser:
When will Asians wake up ? Didn't they know the white skins always feel more superior to them?
When will you wake up? Just because someone turns down your offer means he feels superior meh?
If someone offers you $50,000 for your four-room flat and you turn down the offer, is it because you feel superior to the other person or because you don't think the price is right?
You need to stop being so emotional and get wiser.
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i am wiser and will be wisest soon as i already see through the facade of Whites conversation. A Singaporean offered a good price to buy over the Liverpool team wat. He offered 1 million for a 3 room flat.
What's so great about a bankrupt mis-managed team that he wants to pay a high price for. Too bad he is a Chinese leh, else they already lick his boots.
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Originally posted by Wiser:
i am wiser and will be wisest soon as i already see through the facade of Whites conversation. A Singaporean offered a good price to buy over the Liverpool team wat. He offered 1 million for a 3 room flat.
What's so great about a bankrupt mis-managed team that he wants to pay a high price for. Too bad he is a Chinese leh, else they already lick his boots.
I see. So you were in the Loverpool boardroom when they made that decision, were you? How exciting to have insider information. Who was it who actually said, "We won't lick Chinese boots - let's reject the offer"?
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Originally posted by Gedanken:
I see. So you were in the Loverpool boardroom when they made that decision, were you? How exciting to have insider information. Who was it who actually said, "We won't lick Chinese boots - let's reject the offer"?
if any Chinese is in the boardroom to hear the honest opinions of the Caucasians, it will be another leak uproar.Any-way...in 5 years time, you will see Caucasians licking the boots of China Wealthy.
What Asians can't achieve, the China Chinese will attain. Just watch.
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Originally posted by Wiser:
if any Chinese is in the boardroom to hear the honest opinions of the Caucasians, it will be another leak uproar.Any-way...in 5 years time, you will see Caucasians licking the boots of China Wealthy.
What Asians can't achieve, the China Chinese will attain. Just watch.
Sure sure.
So you don't actually know what hjappened. That's fine.
By the way, how many Western company boardrooms have you been in? Round numbers will do.
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Originally posted by Gedanken:
Sure sure.
So you don't actually know what hjappened. That's fine.
By the way, how many Western company boardrooms have you been in? Round numbers will do.
and you know actually what happened ? don't make me laugh.
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No I don't, but I'm not the jackass talking through his arse telling everybody his half-baked theory as if it was fact. YOU make ME laugh.
You still haven't answered the question about how many Western company boardrooms you have been in. Trying to siam?
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SGX think they king.
You know why?Coz now their head is Chew Choon Seng.
Hmmm that name sounds familiar. Where have I heard it before...OH YAH, he was previously from SQ!
And wanted to be the first carrier to fly the A380 (even ahead of Emirates)...Word then was that SQ paid Airbus a premium to secure that name in history...
Somehow I'm not surprised (and will not be) if he did it just for the name.
After all, isn't SGX smaller than ASX?! LOL... -
Originally posted by Gedanken:
No I don't, but I'm not the jackass talking through his arse telling everybody his half-baked theory as if it was fact. YOU make ME laugh.
You still haven't answered the question about how many Western company boardrooms you have been in. Trying to siam?
And why should i answer your question? So how many boardrooms you have been in yourself, jackass arse? -
Originally posted by Wiser:
And why should i answer your question?
Hey, YOU were the one who brought up the subject of boardrooms, so it’s only natural to enquire if you have any experience of boardrooms, or if you’re just fantasising. You've made your answer pretty clear by refusing to admit the embarrassing truth.
Originally posted by Wiser:So how many boardrooms you have been in yourself, jackass arse?
Let’s see. Do you want just recently or a career total? Frankly I’ve lost count but let me do my best from memory. I’ve been in boardrooms in Australia, the UK and the US, including:
- Insurance companies
(I was building an industry-standard competency model for all major
insurance roles in conjunction with the federal regulatory body) - if
memory serves, the smallest of these companies had annual sales of about
A$20 billion in 2001 dollars (it might have been more but it's been a long time)
- Diageo (parent company of Johnny Walker, Smirnoff and Guiness amongst other labels) – that was an easy market-research gig
- Research institutions and universities (you'll be amazed at the amount of research money floating about in the US)
- Heathrow, LAX, JFK and about ten other airports across the world
These days, as a partner in a management consultancy, I’ve really lost count of the number of boardrooms I’ve seen; I’d say somewhere between 30 and 50 clients on multi-year contracts, covering public and private sector fields such as:
- Finance
- Aerospace engineering
- Nuclear research
- Utilities (water and electricity)
- Taxation
- Public prosecution
- Insurance
- Health
- Automotive engineering
Frankly, I’m getting too bored to list the rest, but you get the idea. Fact is that I’m in a position to tell you that your little boardroom fantasies are little more than conspiracy theories. Boardrooms are not places for such petty bullshit, not when writing off a few million today is a no-brainer when you’re preventing a strategic fuckup that’ll cost you a few billion in a year’s time.
Yes, yes, predictably you think I'm bullshitting. There are enough people in Club 30 and Singaporeans Overseas who know me in person, so if I was making shit up, I'd be going out of my way to look pretty stupid.
Yes, yes, predictably you'd be asking why I'd be posting here in my circumstances. Well, I keep in touch with the members I knew when I stayed in Singapore a few years ago, and it's the end of the day here, and passive income from partnership does generate a nice tidy amount.
Any other violent objections, or would you, in an astounding flash of common sense, like to stop demonstrating how small-time you are now?
- Insurance companies
(I was building an industry-standard competency model for all major
insurance roles in conjunction with the federal regulatory body) - if
memory serves, the smallest of these companies had annual sales of about
A$20 billion in 2001 dollars (it might have been more but it's been a long time)
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Originally posted by Fryderyk HPH:
SGX think they king.
You know why?Coz now their head is Chew Choon Seng.
Hmmm that name sounds familiar. Where have I heard it before...OH YAH, he was previously from SQ!
And wanted to be the first carrier to fly the A380 (even ahead of Emirates)...Word then was that SQ paid Airbus a premium to secure that name in history...
Somehow I'm not surprised (and will not be) if he did it just for the name.
After all, isn't SGX smaller than ASX?! LOL...After all, isn't SGX smaller than ASX?!
small cannot eat big?! LOL
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Originally posted by Fryderyk HPH:
SGX think they king.
You know why?Coz now their head is Chew Choon Seng.
Hmmm that name sounds familiar. Where have I heard it before...OH YAH, he was previously from SQ!
And wanted to be the first carrier to fly the A380 (even ahead of Emirates)...Word then was that SQ paid Airbus a premium to secure that name in history...
Somehow I'm not surprised (and will not be) if he did it just for the name.
After all, isn't SGX smaller than ASX?! LOL...
ya, he also owns the Choon Seng eggs farm -
Originally posted by sgdiehard:
After all, isn't SGX smaller than ASX?!
small cannot eat big?! LOL
I'm not saying they can't eat bigger fish.
Just saying that SGX-ASX is not a merger of equals...
And the Aussies will never approve of that.
Having that Julia aka bitch in charge, that won't help either...