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Anyone know the eamil to write to Metro???

(05-02-2012, 07:06 PM)chaosdiablo Wrote: [ -> ]Anyone know the eamil to write to Metro???

You may try this:
METRO HOLDINGS LIMITED
391A Orchard Road #19-00 Tower A
Ngee Ann City Singapore 238873
Tel: (65) 6733 3000
Fax: (65) 6735 3515
E-mail: dolores.phua@citigatedrimage.com
holly.huang@citigatedrimage.com

Metro past records, for your info
1. Set up Kmart supermaket in early 90, within 3 yrs co go bust
2. Mid' 90 start-up Sun Cruise ship to compete with Star cruise...but not everyone can start a gambling business , he tot by pinning over star cruise staff so easy, within a year loss heavily on the gambling tables, and then suddenly cruise ship sunk in Penang, co close shop...dunno how much they collect from insurance.
3. 2005, Sold (or securitized) off 27% Ngee Ann city stake (aro 500 million) to a german fund trustee who later form reit to collect money back from retail investor.
4. MD Jopie ong, consistently yearly reward himself with fat bonus, driving Bently , frequent casino and being divorcee and rich, sure have pretty companion.

Well, it normal that when you are very rich, you can use money to buy loyal followers, willing to do anythings for you.....Ong family is pigee bank on the company, its a family control business.

So judge yourself, will they pass their money to the small investors, unless 1 day a big timer quietly buy over 50% and kick the Ongs out....

Just found out also, over the weekend, that Metro was an early stage investor in The Hour Glass, but sold its stake back to the founders before they listed it.

Metro divested the 27% and JO had a total remeneration of S$17 millions for that year.

17 million??? But if don't divest, the stake is worth more as of today........

(06-02-2012, 05:09 PM)Stocker Wrote: [ -> ]Metro divested the 27% and JO had a total remeneration of S$17 millions for that year.

Now the 27% is worth around S$1 Billion.

sounds like metro is lousy as an investor..now i heard they vested with that sabana reits

(06-02-2012, 05:16 PM)Stocker Wrote: [ -> ]Now the 27% is worth around S$1 Billion.

So, why so much pay for making such a bad decision???

(06-02-2012, 05:14 PM)chaosdiablo Wrote: [ -> ]17 million??? But if don't divest, the stake is worth more as of today........

(06-02-2012, 05:09 PM)Stocker Wrote: [ -> ]Metro divested the 27% and JO had a total remeneration of S$17 millions for that year.

Even though Mr Market has spoken but let's nt try to fall into hindsight bias over here..
You can re-visit the situation at the point of divestment, and make a rational judgement, based on the avail info at that time, whether it was a good decision or not.

just 2 cents

Hi,

Why not enlighten us here??? Thanks

(06-02-2012, 09:26 PM)weijian Wrote: [ -> ]

(06-02-2012, 05:14 PM)chaosdiablo Wrote: [ -> ]17 million??? But if don't divest, the stake is worth more as of today........

(06-02-2012, 05:09 PM)Stocker Wrote: [ -> ]Metro divested the 27% and JO had a total remeneration of S$17 millions for that year.

Even though Mr Market has spoken but let's nt try to fall into hindsight bias over here..
You can re-visit the situation at the point of divestment, and make a rational judgement, based on the avail info at that time, whether it was a good decision or not.

just 2 cents