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Marco Polo Marine Ltd
07-02-2018, 11:54 AM, (This post was last modified: 07-02-2018, 11:54 AM by corydorus.)
Post: #71
RE: Marco Polo Marine Ltd
(07-02-2018, 11:01 AM)mobo Wrote: This is not a comment on the sensibility of investing in MPM, but personally I have a huge disdain for people who screw up and then make a big moral show of how they intend to "save everyone" from the mess he/she created in the first place. Instead of apologizing for the screw up, such individuals try to spin the whole thing into a lonely hero saving mankind despite overwhelming odds narrative.

From a reputation perspective, it's a sure win bet. If he succeeds, he will be lauded as a never give up savior who turned things around. If he fails, he will be a tragic hero who went down with the flames. Seen enough of public/corporate politicians to smell this BS from a mile away.

Your comment reminds me I was once in a team where a peer mgmt member make a hoohaa of issue his team created, he then solved it for doing his job. And all the management staffs will praise him and gave him a pat on his back for job well done.....this is insanity.


Cory.

Just my Diary
corylogics.blogspot.com/



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07-02-2018, 01:55 PM,
Post: #72
Marco Polo Marine Ltd
Isn't that what's going on in USA??
Sooner or later the world is going to congrats him on solving the mess he created (even if he solved a tiny portion of the huge mess).
My views are your Gilbert & Sullivan's:
"The flowers that bloom in the spring, have nothing to do with the case".

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07-02-2018, 03:14 PM,
Post: #73
RE: Marco Polo Marine Ltd
(07-02-2018, 11:01 AM)Nmobo Wrote: This is not a comment on the sensibility of investing in MPM, but personally I have a huge disdain for people who screw up and then make a big moral show of how they intend to "save everyone" from the mess he/she created in the first place. Instead of apologizing for the screw up, such individuals try to spin the whole thing into a lonely hero saving mankind despite overwhelming odds narrative.

From a reputation perspective, it's a sure win bet. If he succeeds, he will be lauded as a never give up savior who turned things around. If he fails, he will be a tragic hero who went down with the flames. Seen enough of public/corporate politicians to smell this BS from a mile away.

Agree mostly except I’m not sure on “sure win bet”. I’ve seen people take the easy way out too. Cleaning after own crap also takes time and effort, but at least these people are 1 level higher than those who let others clean their crap.
Before you speak, listen. Before you write, think. Before you spend, earn. Before you invest, investigate. Before you criticize, wait. Before you pray, forgive. Before you quit, try. Before you retire, save. Before you die, give. –William A. Ward

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07-02-2018, 03:40 PM, (This post was last modified: 07-02-2018, 03:41 PM by opmi.)
Post: #74
RE: Marco Polo Marine Ltd
This guy stayed behind and cleared the Sh**...while others bailed...If I remember correctly....

Paul Lim Yu Neng
Mr. Lim has over 23 years of banking experience. He was formerly President Director and Head of Investment Banking of PT Salomon Smith Barney Indonesia, Head of Debt Capital Market for S.E. Asia in both Salomon Smith Barney and Schroder International Merchant Bankers Limited, as well as President Director and Country Head of Bankers Trust Indonesia.

Prior to that, Mr. Lim started and managed the Bankers Trust Regional Currency Fund and Global Principal Guaranteed Fund out of its Singapore and Hong Kong offices. Since 2003, he has served as consultant to Deutsch Bank and Morgan Stanley Asia. Mr. Lim is currently the interim CEO and Executive Director of Bio-Treat Technology, a waste water treatment company listed on SGX, an Independent Director of United Fiber System Ltd, listed on SGX, and also an Advisor to BNI Securities, the securities unit of Indonesian state-owned bank BNI.
"... but quitting while you're ahead is not the same as quitting." - Quote from the movie American Gangster

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10-02-2018, 03:06 PM, (This post was last modified: 10-02-2018, 03:09 PM by specuvestor.)
Post: #75
RE: Marco Polo Marine Ltd
(02-02-2018, 07:54 AM)holymage Wrote: Seems like the Marco Polo Marine guys have strong connections in the business world. Temasek is next in line, after the 9 prominent business man.

Temasek Holdings, Singapore’s state investor, is reportedly considering the acquisition of equity stakes in listed groups Marco Polo Marine and Ezion Holdings through its unit Heliconia Capital Management, according to an account by The Business Times. The transaction will apparently see Heliconia Capital purchase UOB Bank’s 10.29 per cent stake in Marco Polo, as well as injecting capital into liftboat-focused Ezion Holdings.

https://www.dealstreetasia.com/stories/h...ion-91568/

http://www.straitstimes.com/business/com...olo-marine


Ezion restructuring is also complete.

I think the Singapore O&G saga is over after Temasek came in to backstop
Before you speak, listen. Before you write, think. Before you spend, earn. Before you invest, investigate. Before you criticize, wait. Before you pray, forgive. Before you quit, try. Before you retire, save. Before you die, give. –William A. Ward

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