2007年6月28日星期四

虎頭蛇尾


我們又談私募基金。

Blackstone上市期間風波,不用多談。簡單說進一步加深市場對其不討好。也許我錯!

上周5直播Blackstone掛牌無上市儀式,看不見套現專家(基金創辦人)數十出市代表期待第一口成交價

事隔數天Blackstone打回原形之餘我國財政儲備首次遠征暫時敗北。

面對加稅,可能成為利淡美國私募基金理由。

Blackstone的確叻。次按風暴第二波之際成功上市,行家凱雷心想執二灘,但敵不過次按最後公開宣布延遲上市計劃。

客觀環境的而且確不利私募基金。或許形象不討好種下的錯,美議員圍攻。監管機構示警。連我們的方正主席也懂得說「私募基金為市場最大風險!」不好誤會,方正是好好先生。

我只是說市場對對沖基金認知增加之際,全球正視私募基金為潛在猛獸,加以設防。

市場興旺有賴併購活動,打死私募基金影響市場併購有否好處呢?

私募基金特色是買「次貨」,執正後,再轉手。如果因為私募基金四面楚歌「次貨」失去翻生機會未必可惜。

但說到底,私募基金形象問題仍有待改善。

7 則留言:

會計仔 說...

節能減排係近期國家大政策, 唔知你地會唔會開個topic講下依個大政策之下香港上市公司的機遇?

Cory 說...

小弟係"高位"入左BX, 以目前走勢都係尋底階段, 看來變了蟹民機會甚大...... 當然也會等待低吸機會...

匿名 說...

I just finished watching the money cafe program tonight (28 June) talking on "bubble economy ?"

I am very disappointed about the way that you handled the subject at the later part of the program. When the guest from DBS was trying to express his view on the China economy and you abruptly cut his sentence and asked if he meant that
he believe the current stock market boom would continue after the 2008 Olympic. After you got the answer, you closed the program right away.
Therefore we lost the chance to learn more on his view on China economy and bubble after 2008 Olympics.

I typed my comments in English because my computer is not equipped with the required accessory. You may reply me in Chinese or English.

Gabby.

MoneyCafe 說...

cory

正如我們節目提到,
私募基金其實幾似一個湊仔工,
收購公司後派人入董事局,辛辛苦苦改善完後,
再放手賣盤,實在好過TCI呢啲對沖基金,
雖然PE比起大行一啲都唔平,
不過相信唔會好「陰功」!
信阿爺啦!

MoneyCafe 說...

Gabby

Sorry to make you disappoint over tonight program, it's some time really difficult to balance between airtime and the content. Some guest may need more time to "RUN-IN", but half hour is very easily passed away.

We are consider to extend the program, may be to cut some of our little column.

Thx

MoneyCafe 說...

另外會計仔:
我們之前有兩集講過節能減排問題,
未來有機會再講..多謝建議..

appleworm 說...

Enjoy watching your show.
Two comments. 1. allow your guests to finish their sentences; 2. don't make any disruptive feedback that is irrelevant to the topic.
Good luck.