GIC's shares in BP take a knock

• Clivebenss

  11 Jun 10, 19:21

  Fri, Jun 11, 2010 - The Straits Times

  GIC's shares in BP take a knock 

  by Gabriel Chen

  OIL giant BP's ongoing share price slide is knocking Singapore's publicly-traded investments.

  The Government of Singapore Investment Corporation's (GIC) shareholding in the company could have lost US$540 million (S$760 million) in value since May 1 as a result of the fallout from the Gulf of Mexico oil spillage.

  This figure is based on Bloomberg data which shows that, as of May 1, GIC had 200.4 million shares in the British company worth around US$1.68 billion. It also assumes GIC has not bought or sold any more BP shares from that date until now.

   

• Rooney9

  11 Jun 10, 19:32

  oh no, another of GIC's cursed investment.

• βέτά

  11 Jun 10, 19:37

   

  It's peanuts!

   

   

• Clivebenss

  11 Jun 10, 19:39

  starting to get used to.

  

• Rooney9

  11 Jun 10, 19:46

  what is the no 1 rule in investment? never lose money.

• Clivebenss

  11 Jun 10, 19:50

  there is no hard rule.

  

• Rooney9

  11 Jun 10, 19:52

  where is the owner and mod here? why dun u PM Jason to let you take over this forum

• Clivebenss

  11 Jun 10, 19:52

  haha..

• Rooney9

  11 Jun 10, 19:59

  you are chew baka right lol.

• hasene

  11 Jun 10, 21:09

  "Magic" touch by GIC and there goes BP.    GIC & Temasek = Jinx????  hahahah

  Never mind la, not their money, lose also no heartache.   

  First class government is the world first class loser in investment

  

• Clivebenss

  11 Jun 10, 23:45

  much expected.

• Arapahoe

  17 Jun 10, 08:54

  yeah these days the reference of loss goes into billions.

  millions is peanut.