On May 16, 3:38=C2=A0am, Mohammed the Holy ****er <Moonyon...@[EMAIL PROTECTED]
>
wrote:
> these =C2=A0are =C2=A0just =C2=A0fantasy =C2=A0stories =C2=A0 by
=C2=A0Jim=
=C2=A0Rogers ,
>
> 400 =C2=A0millions >
>
> you =C2=A0can =C2=A0buy =C2=A0the =C2=A0CPP =C2=A0with =C2=A0400
=C2=A0mil=
lion US$ .
>
> On May 15, 9:04=C2=A0pm, Chim <Chi...@[EMAIL PROTECTED]
> wrote:
>
>
>
> > On May 15, 2:15=EF=BF=BDam, Jesus =C2=A0Christ the Holy =C2=A0****
=C2=
=A0****er
>
> > <veak...@[EMAIL PROTECTED]
> wrote:
> > > 400 =EF=BF=BDmilion =EF=BF=BDUS$ =EF=BF=BDinto =EF=BF=BDCambodia
=EF=
=BF=BD, =EF=BF=BDare =EF=BF=BDthey =EF=BF=BDmad ?
>
> > > you =EF=BF=BDcan =EF=BF=BDdo =EF=BF=BDa =EF=BF=BDlot =EF=BF=BDwith
=EF=
=BF=BD400 =EF=BF=BDmilion =EF=BF=BDUIS$ =EF=BF=BDin Thailand =EF=BF=BDand
=
=EF=BF=BDin
> > > Vietnam .
>
> > > no =EF=BF=BDbody =EF=BF=BDwould =EF=BF=BD, in =EF=BF=BDtheir
=EF=BF=BD=
right =EF=BF=BDmind =EF=BF=BDwould =EF=BF=BD put =EF=BF=BDmore
=EF=BF=BDthan=
> > > 50 =EF=BF=BDmillion =EF=BF=BDUS$ =EF=BF=BDinto =EF=BF=BDCambodia ,
>
> > > the =EF=BF=BDBHP has =EF=BF=BDbeen =EF=BF=BDhere in
=EF=BF=BDCambodia =
=EF=BF=BD =EF=BF=BDfor =EF=BF=BD a =EF=BF=BDlong =EF=BF=BDtime ,
>
> > > and prince =EF=BF=BD Awaleed =EF=BF=BDjust =EF=BF=BDbought
=EF=BF=BDth=
e =EF=BF=BDRoyal Grand =EF=BF=BD hotel =EF=BF=BDfor
> > > less =EF=BF=BDthan =EF=BF=BD50 =EF=BF=BDmillions =EF=BF=BDUS$ .
>
> > > 400 =EF=BF=BDmillion us$ =EF=BF=BD is =EF=BF=BDa =EF=BF=BDlot
=EF=BF=
=BDof =EF=BF=BDstinky gaz =EF=BF=BDfrom Jim =EF=BF=BDRogers .
>
> > > On May 15, 1:26=EF=BF=BDpm, Chim <Chi...@[EMAIL PROTECTED]
> wrote:
>
> > > > Thursday, May 15, 2008
>
> > > > Cambodia draws interest of private equity
>
> > > > By Netty Ismail, Bloomberg
>
> > > > SINGA****E -- Private-equity investors are venturing into Cambodia,
a=
s
> > > > the nation that three decades ago abolished money under the Khmer
> > > > Rouge seeks more than US$6 billion to rebuild itself.
> > > > Leopard Capital and Cambodia Investment & Development Fund are
among=
> > > > those planning to put more than US$450 million in the
second-poorest=
> > > > of 10 Southeast Asian nations. Cambodia Investment is getting
advice=
> > > > from Jim Rogers, who predicted the start of the commodities boom
in
> > > > 1999, and Marc Faber, who forecast Asian assets would decline
before=
> > > > the regional financial crisis in 1997.
>
> > > > "It's a country that's changed a lot and investors are finally
wakin=
g
> > > > up to that," said Douglas Clayton, founder of Leopard Capital, who
i=
s
> > > > based in Phnom Penh and is seeking to raise US$100 million. "Most
> > > > people have an outdated perception of Cambodia; clearly the
country
> > > > has made significant progress."
>
> > > > Prime Minister Hun Sen is relying on the country's oil and mineral
> > > > resources to attract foreign investments and reduce Cambodia's
> > > > dependence on clothing ex****ts and tourism for growth as he
prepares=
> > > > for an election in July. The funds will move money into banks,
offic=
e
> > > > buildings, luxury hotels, ****ts and other projects.
>
> > > > "Cambodia does have a lot of natural resources, it does have an
> > > > ambitious population, and it does have some assets," said
Singa****e-=
> > > > based Rogers, who co-founded the Quantum hedge fund with George
Soro=
s
> > > > during the 1970s, and is now chairman of Rogers Holdings. "Most
> > > > countries that come out of something like they have are inclined
to =
be
> > > > pretty safe for a while because they're trying to get money in."
>
> > > > Leopard Capital's first planned investment, a housing project in
Sie=
m
> > > > Reap, probably will generate a return of more than 60 percent a
year=
,
> > > > about three times the internal target for private-equity
investments=
,
> > > > said Clayton, who moved to Phnom Penh from Bangkok last June.
>
> > > > Clayton was a hedge fund manager at Knight Asia Group and head of
CL=
SA
> > > > Securities in Thailand before setting up Leopard Capital in 2007.
> > > > Faber, publisher of the Gloom, Boom & Doom re****t, is a director
at
> > > > Leopard Capital.
>
> > > > Peter Brimble and Bradley Gordon, Clayton's former partners at
Leopa=
rd
> > > > Capital, are starting the US$100 million Cambodia Emerald fund
this
> > > > year to invest in tourism, agriculture, financial institutions,
> > > > infrastructure and real estate.
>
> > > > The fund plans to close at least one deal before the end of the
year=
,
> > > > said Brimble, who's based in Phnom Penh. LR Global Partners in New
> > > > York and London-based Kazimir Partners are investors in Cambodia
> > > > Emerald, he said.- Hide quoted text -
>
> > > - Show quoted text -
>
> > In investment, risk is an op****tunity. Those who understand risk which
> > is the consequence of different variables such as economics, politics,
> > and culture would approach it with more certainty and insight than the
> > average person who only cares about the moment.
>
> > Best investment decisions are made when the economy is beginning to
> > take off. This is the area of the inflection point when things would
> > make a lot of difference between making money and just parking it for
> > a low rate of growth. When the economy matures, savvy investors would
> > move money some place else. Why? Because the rate of growth in such an
> > environment is tapering off. The momentum is beginning to eva****ate.
>
> > That's why Mr. Rogers left New York and established his headquarters
> > in where the action is.
>
> > You mention about Thailand and Vietnam. Of course, Thailand is still
> > growing and it has a better workforce than Cambodia or Vietnam. But
> > its economy has begun to mature. From now on, Thailand needs to
> > reinvent itself through innovation, management expertise and expansion
> > into other Asian countries in order to keep the growth moving up.
> > Otherwise, productivity would slow down. Likewise, the economy would
> > do so. For the last 5 years, the growth of the economy in Cambodia far
> > exceeds the one in Thailand.
>
> > And Vietnam? Economic expansion of Vietnam is likely to be based on
> > greed and aggression, but not on authentic growth as experienced and
> > in relation****p to Cambodia's. All 3 countries are emerging economies.
> > But among the 3 nations, Cambodia's rate of economic growth is higher
> > and likewise very risky. That's where the op****tunity is. This is also
> > where Mr. Rogers is betting his money.- Hide quoted text -
>
> > - Show quoted text -- Hide quoted text -
>
> - Show quoted text -
It may be fantasy. But he's a billionaire and he has a methodology.
It's not my money. A lot of Cambodian American folks in the US are
doing the same thing, moving money from their home equity or borrowing
money against the equity in the US and buying or reinvest it in
Cambodia.
According to the feedback, the value of the investment has so far
moved up dramatically. But some of these people are buying properties
for retirement and investment at the same time.
=46rom what I know, private equity does not give a damn about politics
or productivity. Its only mission is to increase valuation of its
holdings. Once it thinks that the rate of growth is about to become
negative, it begins the process of liquidation. It has no love for
company like the average investor or professional worker who cares
only about the arts and sciences of its profession.
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