Income shareholder said he could have sell his Income shares at $40.48 each instead of only $10 if Income-Allianz deal goes through

[concreteman]

it is very difficult for a local company to be regional or international without temasek involvement, the web is too big

 

[xEpyonx]

It is human nature to be greedy. That's why we got law and regulations to guard against greed. That's where government failed in this aspects. They only care about gdp and own salary.

the govt take this away, they will lose power.

the boomers want more money.
the young one already invested their life savings in.
that's why until now no action taken.

 

[boredom2012]

the govt take this away, they will lose power.

the boomers want more money.
the young one already invested their life savings in.
that's why until now no action taken.

What lose power? Sinkies have spoken. With corruption, high living costs they still vote for this government. The only thing that makes sinkies wake up is a reset to the economy or economy doing as bad as china. But I think unlikely as Chinese have a mindset of like to suffer in hardship.

 

[kimsix]

did they earn dividends over the years?

that is why i dont believe in fake environment sustainability, climate change pass the costs down to us. all nonsense

everyone for ownself is the truth

sg60? lol i just happy to get $600 vouchers for durian yolo

 

[yperic]

 

[DragonFire]

did they earn dividends over the years?

that is why i dont believe in fake environment sustainability, climate change pass the costs down to us. all nonsense

everyone for ownself is the truth

sg60? lol i just happy to get $600 vouchers for durian yolo

Dividends sama sama. Not great, but not terrible either.

 

[wongwings]

This gives me more reasons to pawn boomers whenever I have the chance.

 

[Shion]

so these r the ppl who will sell sg out

 

[Lemonpeach]

How many critics here are Income shareholders and Income policy owners?

There is nothing wrong with existing shareholders wanting a higher price for their holdings. Who will sell low?

Income is a business but offers lower priced insurance products as a social enterprise. A social enterprise is a private business with a greater societal objective.

Income is not a public good. Many critics behaved as if they were hurt by the sale when they are not shareholders.

NTUC Enterprise does not want to continue supporting a sunset industry. As the largest stakeholder, it wants to recoup.

The timing was wrong. Before a GE.

Suppose Income opt for IPO now. How many of the critics would want to buy low and sell high later? Can the future price be even higher?

We should also consider off-loading all other businesses where right-left hand feed each other. Such as SPH, Fairprice, CAG, etc.

 

[Itsthatguy]

How many critics here are Income shareholders and Income policy owners?

There is nothing wrong with existing shareholders wanting a higher price for their holdings. Who will sell low?

Income is a business but offers lower priced insurance products as a social enterprise. A social enterprise is a private business with a greater societal objective.

Income is not a public good. Many critics behaved as if they were hurt by the sale when they are not shareholders.

NTUC Enterprise does not want to continue supporting a sunset industry. As the largest stakeholder, it wants to recoup.

The timing was wrong. Before a GE.

Suppose Income opt for IPO now. How many of the critics would want to buy low and sell high later? Can the future price be even higher?

We should also consider off-loading all other businesses where right-left hand feed each other. Such as SPH, Fairprice, CAG, etc.

What were the terms of the deal? Please don't tell me to go read, because I read and don't understand. Please educate on the terms of the deal. Thank you in advance.

 

[Lemonpeach]

What were the terms of the deal? Please don't tell me to go read, because I read and don't understand. Please educate on the terms of the deal. Thank you in advance.

The terms of the deal is not a matter that concerns those who are not Income shareholders. No tax monies were spent in building up Income. Many armchair critics targeting the saga as a proxy for anti-PAP.

 

[lowveld]

Oh so sad!!!! Crowdfund them?

 

[robie_aibo]

One boomer from Silver Generation told me money not important. If you have no money, approach Govt for help. Since boomer said money not important, then why these boomers so desperate for the money?

 

[swathe]

No wonder future generations are screwed with these people.

$1 million HDB, more youngsters will move to rental and in the future sleep on the street because their parents wants to earn $200k more.

 

[Itsnotfunny]

Just give them some NTUC vouchers la.

 

[Itsthatguy]

The terms of the deal is not a matter that concerns those who are not Income shareholders. No tax monies were spent in building up Income. Many armchair critics targeting the saga as a proxy for anti-PAP.

Still, it would be good to share your knowledge and understanding of the terms of the sale in this NTUC Income Allianz saga, so that uninformed/ armchair critics/persons can better understand and appreciate your opinionated posts on this subject in this thread.

 

[0nePunchm@n]

The terms of the deal is not a matter that concerns those who are not Income shareholders. No tax monies were spent in building up Income. Many armchair critics targeting the saga as a proxy for anti-PAP.

I'm a many income policies holder
everyone here keep purposely forgetting the $2bil from MCCY, money belong to the nation!
without this $2bil u think Allianz still want? so do you think the $10 share still really worth that much?
basically it's a robber mentality here. simi $40 all these siaolang

 

[Lemonpeach]

I'm a many income policies holder
everyone here keep purposely forgetting the $2bil from MCCY, money belong to the nation!
without this $2bil u think Allianz still want? so do you think the $10 share still really worth that much?
basically it's a robber mentality here. simi $40 all these siaolang

I think the 2 b from MCCY, if so, should be returned back to Treasury. .Then the balance to NTUC Enterprise and shareholders.

The fault laid with the Income Board. It is fuzzy whether that are the steps.

 

[Lemonpeach]

Still, it would be good to share your knowledge and understanding of the terms of the sale in this NTUC Income Allianz saga, so that uninformed/ armchair critics/persons can better understand and appreciate your opinionated posts on this subject in this thread.

Whatever the Income Board wants to share in the public, was also shared with shareholders.

As posted in my reply, monies used to startup Income from the government, if any, should first be returned to the Treasury. Next, the balance to the shareholders such as NTUC Enterprise and retail shareholders. That was my understanding.

The public can be critics arguing for return of seed capital, if any. Shareholders can argue for return of investment. Policy holders can argue for safeguarding affordable cover if Income is sold.

 

[0nePunchm@n]

I think the 2 b from MCCY, if so, should be returned back to Treasury. .Then the balance to NTUC Enterprise and shareholders.

The fault laid with the Income Board. It is fuzzy whether that are the steps.

yes return better so can build up our reserves make it stronger
better than getting robbed by these delusional shareholders