Credits to Dali for the article.
Manchester United To List In Singapore
Do I mind that MU is going to list on SGX? Not particularly because seriously, Malaysia was NEVER under the radar for consideration. That is just the plain truth. It was always going to be between HK and Singapore. Imagine the consternation among fans from the UK to hear of this listing.
Will you make money from this IPO, probably if you got in at IPO level as the frenzied trading on listing would provide enough room to get out. Will the company make real money in the long term term? Not likely. In the end, the shares are likely to stay in the hands of staunch supporters, and scheming rich billionaires slicing some stake in the hope that MU's controlling shareholders will someday sell or just pass on.
Errrol Oh from StarBiz, did his funniest write up on Saturday in a wacky letter to Alex Ferguson. Here are some of the must read paras:
"If you (Ferguson) had not joined the Red Devils, the United fans would have nothing but past glory to sustain their love for the club. In other words, they would be more like Liverpool fans."
" Our tycoons understand the football business. In May last year, a Malaysian consortium, including Tan Sri Vincent Tan of the Berjaya group, acquired 36.4% of Cardiff City. Datuk Chan Tien Ghee is now the club's chairman. AirAsia Bhd's Tan Sri Tony Fernandes had failed in a bid to take over West Ham United, but he persisted. He just became a majority shareholder of Queens Park Rangers, another London club. These developments say plenty about how serious we in Malaysia are about the EPL". (yeah man... how many Singaporean tycoons own EPL teams??? Just like the usual Singaporeans, talk cock, talk big, jilo action).
"Investors in Malaysia are willing to pay a lot for a piece of a company controlled by a big name from the West. Among the most expensive stocks on Bursa Malaysia, in absolute terms, are British American Tobacco (M) Bhd, Nestle (M) Bhd, DiGi.Com Bhd (a subsidiary of Norway's Telenor), Dutch Lady Milk Industries Bhd, Guinness Anchor Bhd, and Shell Refining Co (Federation of Malaya) Bhd. They're all above RM10 per share. Given United's fantastic brand visibility, its shares can surely reach such a lofty price level".
Errrol Oh from StarBiz, did his funniest write up on Saturday in a wacky letter to Alex Ferguson. Here are some of the must read paras:
"If you (Ferguson) had not joined the Red Devils, the United fans would have nothing but past glory to sustain their love for the club. In other words, they would be more like Liverpool fans."
" Our tycoons understand the football business. In May last year, a Malaysian consortium, including Tan Sri Vincent Tan of the Berjaya group, acquired 36.4% of Cardiff City. Datuk Chan Tien Ghee is now the club's chairman. AirAsia Bhd's Tan Sri Tony Fernandes had failed in a bid to take over West Ham United, but he persisted. He just became a majority shareholder of Queens Park Rangers, another London club. These developments say plenty about how serious we in Malaysia are about the EPL". (yeah man... how many Singaporean tycoons own EPL teams??? Just like the usual Singaporeans, talk cock, talk big, jilo action).
"Investors in Malaysia are willing to pay a lot for a piece of a company controlled by a big name from the West. Among the most expensive stocks on Bursa Malaysia, in absolute terms, are British American Tobacco (M) Bhd, Nestle (M) Bhd, DiGi.Com Bhd (a subsidiary of Norway's Telenor), Dutch Lady Milk Industries Bhd, Guinness Anchor Bhd, and Shell Refining Co (Federation of Malaya) Bhd. They're all above RM10 per share. Given United's fantastic brand visibility, its shares can surely reach such a lofty price level".
Full article is available here:
http://malaysiafinance.blogspot.com/2011/08/manchester-united-to-list-in-singapore.html
http://malaysiafinance.blogspot.com/2011/08/manchester-united-to-list-in-singapore.html
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