Looking at how the shares of Citigroup has been tumbling for the last 1 or 2 weeks, except for the few slight upside, the slide seems to be continuing. Yesterday drop of almost 20% spells trouble?.
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Citigroup/Citibank in trouble?.
- Thread starter lifeafter41
- Start date
already smelt a rat long ago...don't run road is your business.
Yesterday fall 24%.... from high last year of almost US$200 to only $5 now.... my fren still called me last month and said $20 very cheap must accumulate... SIAO!!
At the rate the share prices is dropping, with 300,000 employees. Probably before end of the year or even early 09, there will be another big round of pink slips, courtesy of the Ah Neh's CEO.
Everything has a domino effect. The front end of the domino has just started to tumble, the chain reaction will eventually reach us, in a matter of time.
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The dividends are paid based on previous quarters good showing, before the crisis.
The next few quarters will be trying times for the Singapore banks.
Can someone ask our Ho Jinx how much she has lost on the Citi stake which they invested US$6.88b in December 2007?
I think they must be looking damn stupid now if they had converted the perpetual convertible bonds at 20% above market price then. Should be around US$33-35 range.
Assuming they converted at US$34, they should have 202.4m shares. U guys go work it out.
Let's see are they going to use the same reasoning; citibank stake is only a SMALL portion of the overall portfolio of billions billions. U guys are all using hindsight to criticise. U guys should be thankful that GIC is making so much money n creating budget surpluses that will improve your peasant scum lifestyle.
I think the most honorable way for those at GIC is to commit seppuku. Fucking morons.
I think they must be looking damn stupid now if they had converted the perpetual convertible bonds at 20% above market price then. Should be around US$33-35 range.
Assuming they converted at US$34, they should have 202.4m shares. U guys go work it out.
Let's see are they going to use the same reasoning; citibank stake is only a SMALL portion of the overall portfolio of billions billions. U guys are all using hindsight to criticise. U guys should be thankful that GIC is making so much money n creating budget surpluses that will improve your peasant scum lifestyle.
I think the most honorable way for those at GIC is to commit seppuku. Fucking morons.
That's what I thought too.
Two weeks ago I put a target of 3.50 for Citi and it's coming real soon.
Expect Merrill to drop to 4.50 and below.
My personal target for Citigroup? Less than US$1.00.
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