By: economydeveloping
16/05/2009
3:33 am |
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By: mentawaisurf
16/05/2009
12:57 am Yahoo! Profile:
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Don't shoot the messenger Dan. Instead I suggest you direct your frustration towards the management of these companies, like Rio Tinto, who took on way too much debt by acquiring companies at the peak of the cycle, like Alcan, so they could maximise their personal bonuses. That is more related to the subject of this post - greed.
However, if you have a problem with the Rio comment from the Telegraph Newspaper then email your complaint to them.
As for the direct quote I cut and pasted from an article on China's factory closures several weeks ago, I read so many similar articles online daily that I can't be expected to file a record of every one. Needless to say the thousands of articles that are listed on google under this subject speak for themselves. Take the time to check them out for yourself rather than waste ours with donnish digressions from the topic. |
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By: danwaltron
15/05/2009
8:37 pm Yahoo! Profile:
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Mentawaisurf said, 'Rio ARE IN a capital raising'.
Several hours later he says, "it's LIKELY Rio will do a capital raising...."
Mentawaisurf, do you not have sufficient English skills to understand that the above statements are mutually exclusive or are you simply someone who wants to create mischief and/or propaganda?
Further, when your claim that 2/3 of China's factories are either closed or closing is challenged and a source for your information is requested, you simply say "search (the internet) for yourself". Mentawaisurf, the burden of proof doesn't reside with ME or anyone else challenging your ridiculous claims and false quotes and claims. YOU made the assertion that these quotes have come from a legitimate source and now it is up to YOU to prove it. I strongly suspect that is no source and you cannot provide anyone with a link to your so called "quotes". In truth, you've made up these so called "quotes". One might only guess at what compels behaviour such as yours but in my view, you are a compulsive fabulist and it is people like you who give websites like this one a bad name. This is truly a shame, because many retirees who are not in the position to avail themselves of legitimate paid advice come to free sites such as this for self education. As such, I would strongly advise any individuals who may be perusing this site for the purposes of self education to be aware that information provided by some posters simply cannot be trusted. |
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By: mentawaisurf
15/05/2009
5:03 pm Yahoo! Profile:
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Dan, I'd be defensive too if I was a Rio shareholder, although if BHP didn't want them neither would I, because they are obviously needing to raise capital. They are trying to convince investors and regulators that the accord signed in February with Chinalco is the best way to slash the company's $39 billion debt. It was the Telegraph newspaper this week that reported Rio may drop the deal in favor of a five billion pound ($7.6 billion) rights issue. Rio will consider selling shares, bonds or more assets. It will also look at rescheduling debt, or a combination of the four options. The deal with Chinalco is subject to approvals and even if it does go through and is completed it's likely Rio will do a capital raising at the same time anyway. Their debt position is a real concern for them, even BHP wouldn't touch them after performing due diligence, and it should be a real concern for their shareholders too.
The article extract I quoted from several weeks ago now actually read "up to two-thirds of China's factories have either closed, are closing or face potential closure". A search for the source resulted in thousands of articles on 'factory closures in China' so you can search for yourself but the theme of all these artciles is the same; 70,000 Chinese factories close down - 20 million migrants unemployed......etc. etc. |
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By: danwaltron
15/05/2009
3:33 pm Yahoo! Profile:
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"When we have large bluechips raising badly needed capital, like Rio Tinto"
If Rio Tinto a "raising badly needed capital", they must have made an announcement. WHEN?? You also say in a previous post that 3/4 of the factories are closed in China. WHERE?? What newspapers are you people reading? I hold Rio and I haven't heard of a capital raising. I've just had a business trip to China and didn't I didn't see 3/4 of the factories closed.
You people make it up as you go along. Don't you realise that amateur investors come to forums like this one and are frightened by the utter nonsense they read?? You either have absolutely no idea about the subject you address or are simply mischievous and feel no sense of responsibilty or integrity. No wonder this forum has such a bad reputation. |
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By: economydeveloping
15/05/2009
10:08 am |
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By: mentawaisurf
14/05/2009
4:45 pm Yahoo! Profile:
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When we have large bluechips raising badly needed capital, like Rio Tinto, while others cut dividends, like the CBA just cut their dividend for the first time since 1991, it does not bode well for our smaller companies and their outlook.
Capital raisings, increasing bad debts and dividend cuts will be the growing trend moving forward - and with it falling share prices. |
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By: jaymarcel
14/05/2009
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| Hey I think I can see it just around the corner, here it comes hope you all bought in this short cheap period. |
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By: jkueh
14/05/2009
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human are all greedy. why hold on to stocks when the value has increase to more than 20%.
do you believe the gov can rescue this economic turmoil so easily by printing money? everyone seem to dreaming that the market to bound for sharp recovery when they has neglect the fundamental strenght and health of the world economy. Business is still suffering, people are losing job. Get out of the dire water before its drowns you.
I have sold all my share. 15% returns is handsome. dont be greedy. wait for another bottom. |
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By: economydeveloping
13/05/2009
8:55 am |
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By: dr.xingli
12/05/2009
7:19 pm |
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By: sly.gal_nsw
10/05/2009
11:01 pm |
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By: sly.gal_nsw
10/05/2009
10:58 pm |
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By: sly_gal_nsw
10/05/2009
7:57 pm |
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By: steve.bwilson
10/05/2009
10:12 am |
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By: sly.gal_nsw
10/05/2009
9:45 am |
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By: communism_is.evil
10/05/2009
9:38 am |
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By: bundy000bear
10/05/2009
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| Great thinking steve! Now, short of burying cash in the backyard, could you tell me just how I can "secure my financial security"? Seems a lot of people are long on criticism but short of practical plans and actions. Well? |
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By: cho_vk
9/05/2009
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| The ceos do nothing by day or nite except think of another scheme to scam Simple as that! |
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By: steve.bwilson
9/05/2009
6:11 pm |
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By: rodneythesaviour
5/05/2009
11:02 pm Yahoo! Profile:
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Dear citizens...
There has been much comment posted here on this fine BLOG concerning efforts made by the government of the P.R. of China to gain control of our key industries...
The P.R. of China is just a country ... One of many. One country of many who WANT WHAT WE HAVE...
There are now and always have been numerous countries who seek/have soought to control and or significantly influence the affairs/society of our fatherland.
Thsi will not change.
However, we need to be especially on guard against the smooth talking and powerful. For it is they who shall be tempted to prey upon us at a time of economic weakness.. It is they who shall seek to as silently as possible infiltrate our industries, our government and our society in an effort to control and minipulate so as to promote their own selfish desires..
Allowing foreign operational control of and Australian company and especially those industries upon which our wealth and future economic well being is based is to me an abhorent thought.
Now is the time to put up the protective barrier.. Now is the time more than ever before for each and every Australian to realise once and for all that our country is now a developed and wealthy one... That is that WE, my fellow Australians who posess what others want.. Be that they wish to migrate here to escape the land in which they currently reside or that they wish to take posession of the very assests which they depend upon.
Or more simply, (as our good friend Dr. Xing-Li would say) -
Why sell the hens when the customers keep having to come back to buy the eggs which they lay? |
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By: communism.is_evil
4/05/2009
7:24 am |
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By: fortwelloz
3/05/2009
3:52 pm |
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By: drxingli
30/04/2009
7:14 pm |
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By: steven_bwilson
30/04/2009
6:59 pm |
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