socrates469bc Posted April 14, 2020 Share Posted April 14, 2020 ....... so that means softbank is on verge of bankruptcy????? https://www.theedgesingapore.com/capital/startups-•-entrepreneurs-•-digital-economy/softbank-forecasts-record-losses-start-bets 70% of its investments r in low profit consumer ventures and risky fintechs means it has a high chance of writing off at least usd50bln from its flagship vision fund. https://visionfund.com/portfolio wahahahahhahahhaha 1 Link to comment Share on other sites More sharing options...
The_King Posted April 14, 2020 Share Posted April 14, 2020 i wonder how long can they last 1 Link to comment Share on other sites More sharing options...
aaur4man Posted April 14, 2020 Share Posted April 14, 2020 softband big coy what got billions man 1 Link to comment Share on other sites More sharing options...
meng.huat Posted April 14, 2020 Share Posted April 14, 2020 On 1/18/2020 at 10:42 PM, meng.huat said: that jippun kia also another ho jinx... take other people money and YOLO machiam he very rich.... yes, he made a few good bets earlier... but recent pump money into some questionable bets... anyway, if investment earn money, he bonus gao gao... if lose money, too bad... investment risk. privatize the profit, socialize the lost. My January post still holds. 1 Link to comment Share on other sites More sharing options...
socrates469bc Posted April 14, 2020 Author Share Posted April 14, 2020 2 hours ago, The_King said: i wonder how long can they last 2 hours ago, aaur4man said: softband big coy what got billions man actually softbank group is running on borrowed cash. if the share price cannot hold above 3500 yen/share. son-san will get margin call. the group is now leveraging its holdings in alibaba and softbank corp to survive the losses. https://www.ft.com/content/bd8ed81a-4d62-4b10-a41c-2efa8dea08ff https://www.reuters.com/article/us-softbank-group-softbank/softbank-to-borrow-4-5-billion-using-domestic-telcos-shares-as-collateral-idUSKBN20D0R1 Link to comment Share on other sites More sharing options...
meng.huat Posted April 14, 2020 Share Posted April 14, 2020 he flew around the world to sweep money for his vision fund Link to comment Share on other sites More sharing options...
socrates469bc Posted April 14, 2020 Author Share Posted April 14, 2020 Just now, meng.huat said: he flew around the world to sweep money for his vision fund one of his biggest kgk clients. 2 Link to comment Share on other sites More sharing options...
Cynical Ape Posted April 14, 2020 Share Posted April 14, 2020 1 Good content = Topics that genuinely encourages and stimulates interaction/banter. Bad content = Clickbaits, brag posts and social media news feed that nobody gives a flying fuck about + waste of server storage space Link to comment Share on other sites More sharing options...
meng.huat Posted May 18, 2020 Share Posted May 18, 2020 SoftBank posts record US$13 billion operating loss as tech bets slide SoftBank Group Corp on Monday reported a record 1.4 trillion yen (US$13 billion) operating loss in the April-March financial year as the value of its tech bets via the US$100 billion Vision Fund crumbled. TOKYO: SoftBank Group Corp on Monday reported a record 1.4 trillion yen (US$13 billion) operating loss in the April-March financial year as the value of its tech bets via the US$100 billion Vision Fund crumbled. The tech and telecoms conglomerate's disastrous result, caused by a 1.9 trillion yen loss at the Saudi Arabian-backed fund, compared with a group operating profit of 2 trillion yen in the same period a year earlier. The fund's portfolio is underwater, with a US$75 billion investment in 88 startups worth US$69.6 billion at the end of March. It booked losses of almost US$10 billion on office space sharing firm WeWork and ride hailing firm Uber Technologies Inc alone. Chief Executive Masayoshi Son's strategy of fronting huge sums of cash and pushing for breakneck growth had already delivered two consecutive quarters of losses at the fund before being upended by the coronavirus outbreak. SoftBank booked a US$7.5 billion loss on other tech investments, which it attributed primarily to the economic shock caused by the virus. The outbreak has exacerbated underlying problems at many of its bets on unproven startups. The heavily indebted SoftBank has leveraged its bets to supply further funds to its investing juggernaut - a strategy that is coming under growing strain as valuations tumble. SoftBank-backed satellite operator OneWeb filed for bankruptcy in late March, adding to an impairment loss for investments held outside the Vision Fund that also includes part of the stake in WeWork. The turmoil has given leverage to activist shareholder Elliott Management, which in addition to recommending share buybacks is pushing for greater transparency and oversight. The demands echo critics who argue SoftBank is dominated by Son and provides too little detail on how the valuations that drive its profit are reached. The group has been forced to pledge sale or monetisation of US$41 billion in assets, in part to finance a 2.5 trillion yen buyback to prop up its share price. By the end of April it had spent 250 billion yen on share purchases. The company is loosening ties with the largest asset in its portfolio and a likely target for asset sales, Chinese e-commerce major Alibaba Group Holding Ltd, with co-founder Jack Ma departing the SoftBank board. (US$1 = 107.1500 yen) (Reporting by Sam Nussey; Editing by Christopher Cushing) Source: Reuters https://www.channelnewsasia.com/news/business/softbank-posts-record-us-13-billion-operating-loss-as-tech-bets-slide-12745300 lose money until laosai... preparing to pawn alibaba stakes already... US$13 Billion!! KNN! 1 Link to comment Share on other sites More sharing options...
socrates469bc Posted May 18, 2020 Author Share Posted May 18, 2020 2 hours ago, meng.huat said: SoftBank posts record US$13 billion operating loss as tech bets slide SoftBank Group Corp on Monday reported a record 1.4 trillion yen (US$13 billion) operating loss in the April-March financial year as the value of its tech bets via the US$100 billion Vision Fund crumbled. TOKYO: SoftBank Group Corp on Monday reported a record 1.4 trillion yen (US$13 billion) operating loss in the April-March financial year as the value of its tech bets via the US$100 billion Vision Fund crumbled. The tech and telecoms conglomerate's disastrous result, caused by a 1.9 trillion yen loss at the Saudi Arabian-backed fund, compared with a group operating profit of 2 trillion yen in the same period a year earlier. The fund's portfolio is underwater, with a US$75 billion investment in 88 startups worth US$69.6 billion at the end of March. It booked losses of almost US$10 billion on office space sharing firm WeWork and ride hailing firm Uber Technologies Inc alone. Chief Executive Masayoshi Son's strategy of fronting huge sums of cash and pushing for breakneck growth had already delivered two consecutive quarters of losses at the fund before being upended by the coronavirus outbreak. SoftBank booked a US$7.5 billion loss on other tech investments, which it attributed primarily to the economic shock caused by the virus. The outbreak has exacerbated underlying problems at many of its bets on unproven startups. The heavily indebted SoftBank has leveraged its bets to supply further funds to its investing juggernaut - a strategy that is coming under growing strain as valuations tumble. SoftBank-backed satellite operator OneWeb filed for bankruptcy in late March, adding to an impairment loss for investments held outside the Vision Fund that also includes part of the stake in WeWork. The turmoil has given leverage to activist shareholder Elliott Management, which in addition to recommending share buybacks is pushing for greater transparency and oversight. The demands echo critics who argue SoftBank is dominated by Son and provides too little detail on how the valuations that drive its profit are reached. The group has been forced to pledge sale or monetisation of US$41 billion in assets, in part to finance a 2.5 trillion yen buyback to prop up its share price. By the end of April it had spent 250 billion yen on share purchases. The company is loosening ties with the largest asset in its portfolio and a likely target for asset sales, Chinese e-commerce major Alibaba Group Holding Ltd, with co-founder Jack Ma departing the SoftBank board. (US$1 = 107.1500 yen) (Reporting by Sam Nussey; Editing by Christopher Cushing) Source: Reuters https://www.channelnewsasia.com/news/business/softbank-posts-record-us-13-billion-operating-loss-as-tech-bets-slide-12745300 lose money until laosai... preparing to pawn alibaba stakes already... US$13 Billion!! KNN! and this loss is based on son-san's internal valuation. high chance wework and oyo will be a complete writedown while grab and uber will most likely be 50% written off. i estimate another usd20bln of impairment to come. wahahahahha Link to comment Share on other sites More sharing options...
aaur4man Posted May 18, 2020 Share Posted May 18, 2020 It's gonna pull down many many other biz and ppl sia 1 Link to comment Share on other sites More sharing options...
Satki Posted May 18, 2020 Share Posted May 18, 2020 Talk big jack ma quietly leaves softbank as a director. Must be recommending a shitload of lousy investment. 3 Link to comment Share on other sites More sharing options...
meng.huat Posted May 19, 2020 Share Posted May 19, 2020 12 hours ago, Satki said: Talk big jack ma quietly leaves softbank as a director. Must be recommending a shitload of lousy investment. when people get to a certain position, they need to CSB to inflate their worth... look at all those rich people around... pork seller become billionaire... jiu hu kia cai png cook becomes millionaire... cook steamboat until buy GCB... during interview, all talk like they got a lot of foresight when they start their businesses in their younger days... all are loads of CSB... 3 1 Link to comment Share on other sites More sharing options...
socrates469bc Posted May 19, 2020 Author Share Posted May 19, 2020 7 hours ago, meng.huat said: when people get to a certain position, they need to CSB to inflate their worth... look at all those rich people around... pork seller become billionaire... jiu hu kia cai png cook becomes millionaire... cook steamboat until buy GCB... during interview, all talk like they got a lot of foresight when they start their businesses in their younger days... all are loads of CSB... quite true. those give interviews usually really is csb gao gao. the really sakti with foresight is robert, born at rite time and with real guts. the next in line will be lim of topglove, sibei smart to convince his laopeh to invest in his glove production factory. Link to comment Share on other sites More sharing options...
meng.huat Posted May 19, 2020 Share Posted May 19, 2020 4 hours ago, socrates469bc said: the really sakti with foresight is robert, born at rite time and with real guts. robert got powerful friends and contacts around him... born in rich family got this advantage. Link to comment Share on other sites More sharing options...
socrates469bc Posted May 19, 2020 Author Share Posted May 19, 2020 (edited) 37 minutes ago, meng.huat said: robert got powerful friends and contacts around him... born in rich family got this advantage. robert was born into a well-to-do family but not alrdy super rich family like lee kong chian family. being able to build up a trading empire from a simple mini mart does say volume abt his ability. best comparison to make is against the shaw family. run run shaw and his brothers built up a media empire with an impressive property portfolio but familial infighting and the relative weak ability of their offsprings resulted in most of the family fortune being squandered bit by bit since the 1980s. i m just waiting to see when the shaw family will sell the last piece of their crown jewel, shaw house and centre, divide up the proceeds and each branch go their own way. and at the rate some of their clan members r spending, i think this crisis will be the one that broke the camel's back. Edited May 19, 2020 by socrates469bc Link to comment Share on other sites More sharing options...
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