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elltel

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Posts posted by elltel

  1. Board,

    There seems to be a lot written on this topic in the press and internet, see links below. Just wondering if anyone had views (of course everyone does!).

    If people were to play it... any ideas? Finding some CDOs like Burry did. Out of the money puts. Shorting Banks in Australia?

    Thoughts...

     

    http://www.smartcompany.com.au/economy/20100920-australia-s-housing-riddle-expert-says-no-bubble-but-prices-more-than-24-overvalued-maley.html

     

    http://en.wikipedia.org/wiki/Australian_property_bubble

     

    Elltel

  2. out of interest.. Chou mentions that many of the tarp warrants adjust down for dividends paid by the underlying banks. Is this a one-for-one basis, ie future quarterly dividend of 30cents from Bank of America makes the strike price reduce from $13.30 to $13.01. just wondering that's all.

     

     

  3. In China a company recently listed called Autonavi. They are software maps only and can be downloaded on to mobile phones. It can be found on itunes for example.

    Garmin aren't in China, neither are Tomtom.

    Satnavs are about 150usd so still out of reach of most people. My cousin uses the downloaded software on his smartphone.

  4. I like the monopoly analogy.. when I used to play with my brother and sisters.. we ran out of monopoly money and ended up printing new notes to play with... soon though inflation set in though and we resorted to printing more notes in ever bigger denominations. We had (from memory) £5000 notes and larger to get around the rent/property prices we just multiplied by x10 times for example.  Well you get what I am trying to say. Inflation will happen, it just may not seem like it at the moment.

  5. http://news.xinhuanet.com/english2010/business/2010-08/19/c_13452871.htm

     

    HONG KONG, Aug. 19 (Xinhua) -- Standard Chartered Bank announced Thursday in Hong Kong that it has launched a renminbi (RMB) corporate bond for the McDonald's Corporation.

     

    The bank declared it was the first RMB bond launched for a foreign Multinational Corporate in the Hong Kong debt capital market.

     

    The notes, with a 3 percent coupon rate and an issue size of 200 million yuan, were targeted at institutional investors and has a maturity date of September 2013.

     

    The launch of McDonald's RMB corporate bond signifies the beginning of a new funding channel for international companies to raise working capital for their China operations and it has already generated good investor interest, said the bank.

     

    Previous to the RMB bond, the bank has already introduced RMB- denominated structured investments.

     

    "We are delighted with the pace of the RMB market development process in Hong Kong and will continue to expand our RMB product offering," said Benjamin Hung, the bank's Chief Executive Officer in Hong Kong.

     

    The bond issued this time is also expected to help accelerate Hong Kong's development as a RMB offshore center, added Hung

  6. Yell, is owned by Shah who took over from Bolton on the Fidelity Special Situations Fund. He loves the stock and says it is the perfect contrarian play... jury is out though as he probably nursing losses on his holding.

     

    he owns 38m shares.

  7. on 2nd July...

     

    1018 GMT [Dow Jones] Brit Insurance (BRE.LN) risks seeing Apollo Global Management walk away from buying Brit, says Collins Stewart analyst Ben Cohen. This comes after Brit rejected a GBP10.50-a-share indicative offer from Apollo. Cohen says an offer of GBP10.50 to GBP11 would be a fair basis for discussion. Says: "We are surprised and disappointed that Brit's board does not consider GBP10.50 a reasonable basis for discussions, especially in current market conditions. We think there is a real risk now that Apollo walks away." Adds that there is a lack of other bidders and Brit shares could fall to around the GBP8 level if Apollo walks away. Cuts rating to hold from buy, and price target to 1000p from 1075p. Brit shares +4.6% at 929p.

  8. AMZN doesnt get mentioned nearly enough...

    With most of the sales going through on eBay at fixed prices... I prefer Amazon model using market place....

     

    work out which site you have spent more/ordered more things on in the last year. I bet Amazon wins.

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