Taken from Alvin's Blog:
1. Singapore Inc’s Temasek meanwhile ploughed A$400m into ABCLearning at $7.30 a share 12 months ago and has watched almost 90 per cent ofthat evaporate.
2. Temasek had invested a total of $5 billion in Merrill in December and Februaryat $48 per share, but Merrill shares have fallen by about half since then.
This with a sudden "sprout" of ERP gantries? Do the math...
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