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gary
Badfish,

Re: "33.67, it must suck to be offshore."

Been pretty steady for a while now... Hope Mel doesn't make the
"newbie" mistake of converting to Baht offshore. <ggg>

gary


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Posted on: 11:11 am on Dec. 29, 2007
Mel Gibson
gary, no newb here me old mate.
I'd never have $US in my pocket anyway ( unless I'm in Nam or Cambo),,,bloody all look the same

30.08 and thailand ain't even got a government yet


Mel.


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Posted on: 2:46 pm on Dec. 29, 2007
knowntender
A 100 USD note converts to 3,334 bahts in BKK yesterday, Dec 29, 2007. Offshore rate is not relevant to this.


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Posted on: 6:58 pm on Dec. 29, 2007
Mel Gibson
30.11,,,,is this the BIG moove?????
NAHH, down-hillis where she's heading.
Mel


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Posted on: 2:04 am on Dec. 30, 2007
badfishlbc
33.41 for $100 notes, 33.48 for TCs at Kasikorn bank today. Of course for Mel who enjoys his lower rate, it's 30.something. What's the deal? Is this guy in denial or something? Did he get in a heated argument with some bargirl about what the true rate is and he's just stubborn?


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Posted on: 3:25 am on Dec. 30, 2007
thailife
Mel, let it go....................


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Posted on: 3:43 am on Dec. 30, 2007
Mel Gibson
I'm not quite sure what you want me to let go of??
The reality of the exchange rate?

Ok,thailife,, let's see if your 20 years as a Janitor in financials can help with a decision I am contemplating and wishing to recommend to others.

I'm being straight here, no bull-shit.

Ok,as I have stated I usually invest in banks,,solid reliable / safe.

Our family trust also took a gamble on Centro shares, CNP code on the Australian stock exchange.We bought in at around AUD2.50,,,they rose up to $8.00 and then suddenly down to $1.03.We got out at $1.80 and rebought at$1.10.

On the initial investment of $2.50, add dividends etc,,we are still way in front.

Now I am personally looking at grabbing another $10,000 worth,,why?

OK,Centro own a lot of American shopping Malls etc,,,the problemis liquidity. Yes,they got caught out in the sub-prime credit squeeze.
So their only problem is refinancing the 1.3 billion debt.

Liquid assets are 191 million,
Management fees have been halved in the last 18 months.
And they have paid 33cents + each year in dividends for the last 3 years.
They have also shown profits of 469million,664 million and 194 million over the last 3years

I like to simplify things,so lets remove the last 6 zeros.

I want the bank to lend me $1,300,,,,I have profited in the last 3 years $1,327.My security is in property.
I have a deposit (liquid assets if $181).

I know I am over simplifying things but for my thinking the down-side is liquidation at around 80 cents a share
, a loss of 23 cents.Up-side,share returns to it's true value of $5.00-$5.50.

???
Let us know what you think thailife.

I'm in either way.
Cheers
Mel



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Posted on: 6:17 am on Dec. 30, 2007
thailife
forget your analysis..... here is a better review of the situation...

http://www.forbes.com/2007/12/19/centro-properties-solvency-markets-equity-cx_vk_1219markets02.html?partner=yahootix


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Posted on: 6:44 am on Dec. 30, 2007
atl
ok guys...as much of a thread fight as I have caused..and there have been several over on Z... I say this... mel all the love to you bro but really let it go...

the thing us bro's are worried about is what we get when change out money or pull from atm and at the moment it seems to be a paultry 33.something...

it sucks but what are you gonna do?????

mel...the best thing I have gotten out of the last few days banter over this is "if I wanted your opinion I would have bitch slapped it out of ya!"

thats classic and going in my gallery!


cheers guys,
atl

I wish all a prosperous new year.....


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Posted on: 7:03 am on Dec. 30, 2007
Mel Gibson
So,,,your opinion is,,, you have none.
Did you not even get a peice of trash fallen off a desk that may give you an opinion?
Sorry to say that, but I was hoping to get a little better than a copyand paste from you in response

thailife,,get real,this is suppose to be in your area of expertise,,,

I'm calling it a buy for me at $1.00-$1.05.

P.S Mel has no qualifications in the investment area. Seek professional advice before taking action.

Mel





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Posted on: 7:10 am on Dec. 30, 2007
     

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