Better to SELL those stocks where Lehman has good stake in order to BUY later! :)

If someone know, please share the information how to easily identify where Lehman has strong shares just like Bear sterns had in the past??
part 1
--
The Korean government plans to privatize KDB by 2012 and transform it into a globally competitive investment bank to spearhead the development of the Korean financial market.
'The Korean government has ambitious plans for KDB. Although this is a deal not for the faint of heart, it is also an opportunity that comes once a century,' Kim noted.
Nonetheless, the timing is far from ideal. Most Korean financial institutions are reportedly scaling back overseas investment, with the global impact of the U.S. credit crisis showing few signs of abating.

Moreover, another state-run entity's recent bet on a Wall Street stake has gone the wrong way so far. The country's sovereign wealth fund, Korea Investment Corp., sank $2 billion into Merrill Lynch (MER: Merrill Lynch & Co., Inc News, chart, profile, more MER 26.73, +0.52, +2.0%) earlier this year in exchange for about 3% stake. Since then, Merrill Lynch shares have slumped more than 50%. The slide in share prices prompted KIC to convert its preferred shares into common stock ahead of schedule.
Against such a backdrop, KDB will be hard-pressed to convince the regulators that injecting cash into a troubled Wall Street giant will eventually pay off. By all accounts, it will be an uphill task given the uncertainties surrounding Lehman's future viability.

Last week, Morgan Stanley predicted Lehman will report a third-quarter loss of $2.80 a share, on the back of a $3.5 billion write-down, and said drastic measures were needed.
Standard & Poor's Equity Research also recently projected Lehman to write down about $61 billion in mortgage assets and forecast the investment bank will record a loss of $7.44 a share in fiscal 2008 versus its earlier outlook of $4.84.
Crisis of confidence
KDB's most ambitious foray abroad may also be derailed due to problems closer to home. Korea is now grappling with its own financial woes amid escalating concerns that the country is headed for a crisis of confidence due to mounting concerns over its external position.

Korea's foreign debt totaled $419.8 billion at the end of June, up sharply from $382.2 billion at the end of 2007. Short-term debt, or debt maturing within one year, reached $175.6 billion, accounting for 68% of total debt at the end of June, according to data from the Financial Supervisory Service.
Korea's foreign exchange reserves stood at $258.1 billion, the sixth largest in the world. But worries over whether Korea has sufficient funds to honor its obligations have emerged in recent weeks as the government has been dipping into the reserve to defend the Korean won against the U.S. dollar, an exercise that appears to be futile as the won continues to retreat. Since the beginning of the year, the won has fallen about 17% against the greenback.
The Korea Composite Stock Price Index, or the Kospi, has skidded some 25% since the end of 2007 as foreign investors continue to exit the market. In the first eight months of this year, foreign investors have been net sellers of 33.8 trillion won ($29.89 billion) in Korean shares, an amount that even financial regulators consider 'significant.'

'There is no possibility of a financial crisis. Our economic resilience and the structure of the financial system have strengthened in the past 10 years and concerns about a crisis have been triggered more by psychological factors rather than any deterioration in fundamentals,'.
Clearly, Korea's financial market jitters highlight the difficulties that KDB faces as it navigates its way to a successful deal with Lehman. And even after an acquisition has been finalized, only time will tell whether KDB's gamble will pay long-term dividends or whether Lehman is just a trophy whose luster has faded....

Better to SELL those stocks where Lehman has good stake in order to BUY later! :)

If someone know, please share the information how to easily identify where Lehman has strong shares just like Bear sterns had in the past??
part 1
--
KDB's road to Lehman paved with pitfalls
Analysis: Stake could prove a long-term win or faded trophy deal
By Sue Chang, MarketWatch
Last update: 4:23 p.m. EDT Sept. 5, 2008

SAN FRANCISCO (MarketWatch) -- Outside of Asia, Korea Development Bank is not a household brand. In fact, many in Korea, although familiar with the name, aren't quite sure what it does. That is likely to change if it succeeds in buying a stake in Lehman Brothers, according to analysts.
'Given that KDB is not already well established as a global/regional [investment banking] player and given Lehman's extensive IB franchise globally, we read KDB's response as a natural interest in a potential opportunity. In particular with relation to the Capital Market Consolidation Act, to be effective locally as of 2009, KDB could stand to benefit from the LEH's brand recognition, business know-how and talented human resources,' analysts at JPMorgan said in a recent research note.
Established in 1954 in the aftermath of the Korean War to supply capital to reconstruct and develop the Korean economy, KDB has, until now, quietly carried out its role as a policy bank.

Indeed, most thought KDB's plan to invest in Lehman (LEH: Lehman Brothers Holdings Inc LEH 16.20, +1.03, +6.8%) was bust after Kwang-Woo Jun, chairman of the Financial Services Commission, publicly cautioned the state-run entity last week.

'We believe KDB should approach the deal with extreme caution. In principal, we feel that it is inappropriate for a public institution to take on so much risk or take the lead in such deals,' Jun said.
He added that although the government welcomes the opportunity for Korean financial institutions to globalize and seek new growth engines, such efforts should be undertaken with full risks in mind, given the financial uncertainties at the moment.
The way things usually work in a strictly-regulated market like Korea's, a financial regulator expressing doubts about a specific deal is akin to a death knell.
But one factor that may help explain why KDB's interest in Lehman remains alive despite the lack of government enthusiasm is the fact that Governor Euoo-Sung Min, the chief executive at KDB, is a former Lehman executive. He served as the investment bank's chief executive in Korea before taking up his current post.
'Min has a reputation of being a deal maker, a good deal maker,' said Abraham Kim, an analyst with Eurasia Group.
In the face of the government's resistance, Min reportedly has revised his proposal to buying a 25% stake for about $6 billion through a consortium rather than taking a 50% stake via a solo bid.
As of yet, there are no details on who may join the consortium, with most banks linked to a possible deal vehemently denying their involvement -- underscoring the risks inherent in such high-profile deals.
'[A]s with any acquisition, there could be risk of overpayment or a need for additional capital injection post-acquisition, and it could take more time to fully achieve synergies than has been factored in,' said the JPMorgan analysts.
The analysts are so negative on the potential pitfalls that they recommended investors avoid any banks involved in the deal.
'We believe any Korean banks/FHC that would partner with KDB in a potential deal could bear any potential acquisition risks along with KDB, and we would expect most of the benefits to be difficult to realize in the near term,' they said.

Pursuing Lehman through a consortium is more 'politically palatable' than KDB's original plan and one that the Korean government is less likely to block as it addresses the dual concern about excessive risk and complicating its privatization, according to Kim.
...

Better to SELL those stocks where Lehman has good stake in order to BUY later! :)

If someone know, please share the information how to easily identify where Lehman has strong shares just like Bear sterns had in the past??
--
Crunch Time For Lehman
Liz Moyer, 09.03.08, 2:27 PM ET

Time is running out for Lehman Brothers Chief Executive Richard Fuld to come up with a plan.

Wednesday, the Korean press reported that state-run Korea Development Bank proposed to buy a 25% stake in Lehman Brothers (nyse: LEH - news - people ), along with other Korean banks, in a deal worth .3 billion. According to the report in Chosun Ilbo, the proposal included separating some of Lehman\\`s .7 billion in mortgage-related assets into a \\`bad bank\\` to shield the investment bank from further risk of loss.

Negotiations have been going on for weeks, however, and no solid deal has been announced, intensifying the speculation about Lehman\\`s--and Fuld\\`s--future. The Korean bank didn\\`t help in that regard, according to a statement circulated Wednesday that makes it sound like nothing is imminent.

\\`In order to become competitive as a global investment bank, KDB has been looking into an M&A deal with overseas investment banks, including Lehman Brothers, as well as an asset management company, but nothing specific has been decided,\\` KDB said in a statement.

A Lehman spokesman wouldn\\`t comment on the Korean press report.

Lehman is due to report fiscal third-quarter results this month, and many expect billion to billion more in write-downs and the elimination of more than 1,000 jobs. Many also expect Fuld to detail a game plan to shore up Lehman\\`s balance sheet, either with new capital, asset sales or both. Lehman already raised billion in capital in a stock sale in June.

The drafting of a plan has been slow, however, with plenty of hurdles tossed in the way in the meantime.

Ospraie Management said Tuesday it was shutting down its .8 billion Ospraie Fund after a 26% decline in August and a 38% decline from the start of the year. Lehman bought a 20% stake in Ospraie\\`s management company three years ago, when many rival Wall Street companies were snapping up hedge fund investments to round out their asset-management divisions.

After closing the commodities fund, Ospraie will still have billion under management, just a small part of Lehman\\`s asset and investment management division, which manages 7 billion, or even of its billion in alternative investments.

Still, it\\`s more bad news at a time when Lehman needs something uplifting. \\`It\\`s certainly not something to ignore,\\` says Sander O\\`Neill analyst Jeffrey Harte, noting, however, that Lehman has bigger concerns.

A few weeks ago, the speculation centered on what the bank would do with the .7 billion worth of mortgages on its books. Lehman could sell the billion worth of commercial mortgages, for example, but Fuld seems to be holding out for a non-fire-sale price. Recall that Merrill Lynch (nyse: MER - news - people ) sold billion worth of collateralized debt obligations for 22 cents on the dollar to Lone Star.

Fuld also is batting around the idea of selling part of the investment management division, in particular the Neuberger Berman fund group. A sale could fetch up to billion.

A sale, however, would chip away at Lehman\\`s prized business. Asset and investment management brought in .8 billion in total revenues for the first six months of the year, up 24% from the same period last year. Meanwhile, the capital markets division, Lehman\\`s biggest, lost 3 million.

Lehman\\`s book value is per share, but its stock trades at . Lehman\\`s market capitalization of billion and the estimated billion sale price of Neuberger Berman, implies the market puts a low value on Lehman\\`s remaining operations.

Bove thinks Lehman could be the target of a hostile takeover if something isn\\`t done quickly. \\`This saga is not likely to continue much longer.\\`...

Better to SELL those stocks where Lehman has good stake in order to BUY later! :)

--

Lehman shares rebound as analyst confirms rating
Associated Press 09.05.08, 5:45 PM ET

NEW YORK -

Shares of Lehman Brothers Holdings Inc. recovered some lost ground Friday after a Sandler O\\`Neill & Co. analyst said he expects the troubled investment bank to survive the credit crisis.

Shares gained .05, or 6.9 percent, to .22. Shares are down 75 percent this year.

In a note to clients Friday, analyst Jeff Harte reiterated a \\`Hold\\` rating and a target price on the stock.

\\`We believe there will be a time to buy Lehman, but that time has not yet arrived,\\` he said.

Harte slashed his fourth-quarter estimate to a loss of .50 per share from a profit of 61 cents per share, to reflect his assumption that the bank will record .5 billion in additional write-downs on troubled assets.

Analysts polled by Thomson Reuters, on average, anticipate a loss of 23 cents per share in the fourth quarter.

Harte said he believes Lehman\\`s current balance sheet has the ability to absorb an additional billion of write-downs.

Lehman stock has been particularly volatile lately. It was among the hardest hit stocks in the financial sector Thursday, falling 10.4 percent to close at .17, as investors continued to worry about the fallout from bad mortgage debt. The stock had climbed the day before on reports that state-owned Korea Development Bank and partners were looking to buy a stake in the bank.

Investors have speculated in recent weeks that Lehman may strike a deal to obtain a capital injection.
--...

Based on study of charts, unless someone is convinced that Nifty will go above 4650+, smart investors or traders should take the opportunity to book profits as mentioned by Alert on Sep 15. :)

Let those BS experts first take Nifty above 4650+ to confirm that BIG PLAYers are interested to take Nifty UP! :)

Gud luk & happy investing! :)...

Translation test: successful!

Btw I used google translator for Hindi translator! Hindi translation looks a bit funny! Still, good to know that MMB now supports different language characters!

Gud luk & happy investing!...

Wow let us see if we can see HINDI letters!

Now we will enjoy the GAME!

As of now, Do not BUY those stocks where Lehman has stake.

Good luck and happy investing!

अब हम इस खेल का आनंद लें !

न खरीदें , जहां उन स्टॉक Lehman हिस्सेदारी है .

निवेश और खुश किस्मत अच्छी !...

Lehman has holding in Amtek Auto, Amtek India, Cranes Software, Fedders Llyod, NIIT, Northgate Technologies, voltamp, mastek, triveni, Lakshmi Energy,Karuturi Networks, JP Associates. ...

Better to SELL those stocks where Lehman has good stake in order to BUY later! :) If someone know, please share the information how to easily identify where Lehman has strong shares just like Bear sterns had in the past?? part 1 -- The Korean government plans to privatize KDB by 2012 and transform it into a globally competitive investment bank to spearhead the development of the Korean financial market. 'The Korean government has ambitious plans for KDB. Although this is a deal not for the faint of heart, it is also an opportunity that comes once a century,' Kim noted. Nonetheless, the timing is far from ideal. Most Korean financial institutions are reportedly scaling back overseas investment, with the global impact of the U.S. credit crisis showing few signs of abating. Moreover, another state-run entity's recent bet on a Wall Street stake has gone the wrong way so far. The country's sovereign wealth fund, Korea Investment Corp., sank $2 billion into Merrill Lynch (MER: Merrill Lynch & Co., Inc News, chart, profile, more MER 26.73, +0.52, +2.0%) earlier this year in exchange for about 3% stake. Since then, Merrill Lynch shares have slumped more than 50%. The slide in share prices prompted KIC to convert its preferred shares into common stock ahead of schedule. Against such a backdrop, KDB will be hard-pressed to convince the regulators that injecting cash into a troubled Wall Street giant will eventually pay off. By all accounts, it will be an uphill task given the uncertainties surrounding Lehman's future viability. Last week, Morgan Stanley predicted Lehman will report a third-quarter loss of $2.80 a share, on the back of a $3.5 billion write-down, and said drastic measures were needed. Standard & Poor's Equity Research also recently projected Lehman to write down about $61 billion in mortgage assets and forecast the investment bank will record a loss of $7.44 a share in fiscal 2008 versus its earlier outlook of $4.84. Crisis of confidence KDB's most ambitious foray abroad may also be derailed due to problems closer to home. Korea is now grappling with its own financial woes amid escalating concerns that the country is headed for a crisis of confidence due to mounting concerns over its external position. Korea's foreign debt totaled $419.8 billion at the end of June, up sharply from $382.2 billion at the end of 2007. Short-term debt, or debt maturing within one year, reached $175.6 billion, accounting for 68% of total debt at the end of June, according to data from the Financial Supervisory Service. Korea's foreign exchange reserves stood at $258.1 billion, the sixth largest in the world. But worries over whether Korea has sufficient funds to honor its obligations have emerged in recent weeks as the government has been dipping into the reserve to defend the Korean won against the U.S. dollar, an exercise that appears to be futile as the won continues to retreat. Since the beginning of the year, the won has fallen about 17% against the greenback. The Korea Composite Stock Price Index, or the Kospi, has skidded some 25% since the end of 2007 as foreign investors continue to exit the market. In the first eight months of this year, foreign investors have been net sellers of 33.8 trillion won ($29.89 billion) in Korean shares, an amount that even financial regulators consider 'significant.' 'There is no possibility of a financial crisis. Our economic resilience and the structure of the financial system have strengthened in the past 10 years and concerns about a crisis have been triggered more by psychological factors rather than any deterioration in fundamentals,'. Clearly, Korea's financial market jitters highlight the difficulties that KDB faces as it navigates its way to a successful deal with Lehman. And even after an acquisition has been finalized, only time will tell whether KDB's gamble will pay long-term dividends or whether Lehman is just a trophy whose luster has faded....

Better to SELL those stocks where Lehman has good stake in order to BUY later! :) If someone know, please share the information how to easily identify where Lehman has strong shares just like Bear sterns had in the past?? part 1 -- KDB's road to Lehman paved with pitfalls Analysis: Stake could prove a long-term win or faded trophy deal By Sue Chang, MarketWatch Last update: 4:23 p.m. EDT Sept. 5, 2008 SAN FRANCISCO (MarketWatch) -- Outside of Asia, Korea Development Bank is not a household brand. In fact, many in Korea, although familiar with the name, aren't quite sure what it does. That is likely to change if it succeeds in buying a stake in Lehman Brothers, according to analysts. 'Given that KDB is not already well established as a global/regional [investment banking] player and given Lehman's extensive IB franchise globally, we read KDB's response as a natural interest in a potential opportunity. In particular with relation to the Capital Market Consolidation Act, to be effective locally as of 2009, KDB could stand to benefit from the LEH's brand recognition, business know-how and talented human resources,' analysts at JPMorgan said in a recent research note. Established in 1954 in the aftermath of the Korean War to supply capital to reconstruct and develop the Korean economy, KDB has, until now, quietly carried out its role as a policy bank. Indeed, most thought KDB's plan to invest in Lehman (LEH: Lehman Brothers Holdings Inc LEH 16.20, +1.03, +6.8%) was bust after Kwang-Woo Jun, chairman of the Financial Services Commission, publicly cautioned the state-run entity last week. 'We believe KDB should approach the deal with extreme caution. In principal, we feel that it is inappropriate for a public institution to take on so much risk or take the lead in such deals,' Jun said. He added that although the government welcomes the opportunity for Korean financial institutions to globalize and seek new growth engines, such efforts should be undertaken with full risks in mind, given the financial uncertainties at the moment. The way things usually work in a strictly-regulated market like Korea's, a financial regulator expressing doubts about a specific deal is akin to a death knell. But one factor that may help explain why KDB's interest in Lehman remains alive despite the lack of government enthusiasm is the fact that Governor Euoo-Sung Min, the chief executive at KDB, is a former Lehman executive. He served as the investment bank's chief executive in Korea before taking up his current post. 'Min has a reputation of being a deal maker, a good deal maker,' said Abraham Kim, an analyst with Eurasia Group. In the face of the government's resistance, Min reportedly has revised his proposal to buying a 25% stake for about $6 billion through a consortium rather than taking a 50% stake via a solo bid. As of yet, there are no details on who may join the consortium, with most banks linked to a possible deal vehemently denying their involvement -- underscoring the risks inherent in such high-profile deals. '[A]s with any acquisition, there could be risk of overpayment or a need for additional capital injection post-acquisition, and it could take more time to fully achieve synergies than has been factored in,' said the JPMorgan analysts. The analysts are so negative on the potential pitfalls that they recommended investors avoid any banks involved in the deal. 'We believe any Korean banks/FHC that would partner with KDB in a potential deal could bear any potential acquisition risks along with KDB, and we would expect most of the benefits to be difficult to realize in the near term,' they said. Pursuing Lehman through a consortium is more 'politically palatable' than KDB's original plan and one that the Korean government is less likely to block as it addresses the dual concern about excessive risk and complicating its privatization, according to Kim. ...

Better to SELL those stocks where Lehman has good stake in order to BUY later! :) If someone know, please share the information how to easily identify where Lehman has strong shares just like Bear sterns had in the past?? -- Crunch Time For Lehman Liz Moyer, 09.03.08, 2:27 PM ET Time is running out for Lehman Brothers Chief Executive Richard Fuld to come up with a plan. Wednesday, the Korean press reported that state-run Korea Development Bank proposed to buy a 25% stake in Lehman Brothers (nyse: LEH - news - people ), along with other Korean banks, in a deal worth .3 billion. According to the report in Chosun Ilbo, the proposal included separating some of Lehman\\`s .7 billion in mortgage-related assets into a \\`bad bank\\` to shield the investment bank from further risk of loss. Negotiations have been going on for weeks, however, and no solid deal has been announced, intensifying the speculation about Lehman\\`s--and Fuld\\`s--future. The Korean bank didn\\`t help in that regard, according to a statement circulated Wednesday that makes it sound like nothing is imminent. \\`In order to become competitive as a global investment bank, KDB has been looking into an M&A deal with overseas investment banks, including Lehman Brothers, as well as an asset management company, but nothing specific has been decided,\\` KDB said in a statement. A Lehman spokesman wouldn\\`t comment on the Korean press report. Lehman is due to report fiscal third-quarter results this month, and many expect billion to billion more in write-downs and the elimination of more than 1,000 jobs. Many also expect Fuld to detail a game plan to shore up Lehman\\`s balance sheet, either with new capital, asset sales or both. Lehman already raised billion in capital in a stock sale in June. The drafting of a plan has been slow, however, with plenty of hurdles tossed in the way in the meantime. Ospraie Management said Tuesday it was shutting down its .8 billion Ospraie Fund after a 26% decline in August and a 38% decline from the start of the year. Lehman bought a 20% stake in Ospraie\\`s management company three years ago, when many rival Wall Street companies were snapping up hedge fund investments to round out their asset-management divisions. After closing the commodities fund, Ospraie will still have billion under management, just a small part of Lehman\\`s asset and investment management division, which manages 7 billion, or even of its billion in alternative investments. Still, it\\`s more bad news at a time when Lehman needs something uplifting. \\`It\\`s certainly not something to ignore,\\` says Sander O\\`Neill analyst Jeffrey Harte, noting, however, that Lehman has bigger concerns. A few weeks ago, the speculation centered on what the bank would do with the .7 billion worth of mortgages on its books. Lehman could sell the billion worth of commercial mortgages, for example, but Fuld seems to be holding out for a non-fire-sale price. Recall that Merrill Lynch (nyse: MER - news - people ) sold billion worth of collateralized debt obligations for 22 cents on the dollar to Lone Star. Fuld also is batting around the idea of selling part of the investment management division, in particular the Neuberger Berman fund group. A sale could fetch up to billion. A sale, however, would chip away at Lehman\\`s prized business. Asset and investment management brought in .8 billion in total revenues for the first six months of the year, up 24% from the same period last year. Meanwhile, the capital markets division, Lehman\\`s biggest, lost 3 million. Lehman\\`s book value is per share, but its stock trades at . Lehman\\`s market capitalization of billion and the estimated billion sale price of Neuberger Berman, implies the market puts a low value on Lehman\\`s remaining operations. Bove thinks Lehman could be the target of a hostile takeover if something isn\\`t done quickly. \\`This saga is not likely to continue much longer.\\`...

Better to SELL those stocks where Lehman has good stake in order to BUY later! :) -- Lehman shares rebound as analyst confirms rating Associated Press 09.05.08, 5:45 PM ET NEW YORK - Shares of Lehman Brothers Holdings Inc. recovered some lost ground Friday after a Sandler O\\`Neill & Co. analyst said he expects the troubled investment bank to survive the credit crisis. Shares gained .05, or 6.9 percent, to .22. Shares are down 75 percent this year. In a note to clients Friday, analyst Jeff Harte reiterated a \\`Hold\\` rating and a target price on the stock. \\`We believe there will be a time to buy Lehman, but that time has not yet arrived,\\` he said. Harte slashed his fourth-quarter estimate to a loss of .50 per share from a profit of 61 cents per share, to reflect his assumption that the bank will record .5 billion in additional write-downs on troubled assets. Analysts polled by Thomson Reuters, on average, anticipate a loss of 23 cents per share in the fourth quarter. Harte said he believes Lehman\\`s current balance sheet has the ability to absorb an additional billion of write-downs. Lehman stock has been particularly volatile lately. It was among the hardest hit stocks in the financial sector Thursday, falling 10.4 percent to close at .17, as investors continued to worry about the fallout from bad mortgage debt. The stock had climbed the day before on reports that state-owned Korea Development Bank and partners were looking to buy a stake in the bank. Investors have speculated in recent weeks that Lehman may strike a deal to obtain a capital injection. --...

Based on study of charts, unless someone is convinced that Nifty will go above 4650+, smart investors or traders should take the opportunity to book profits as mentioned by Alert on Sep 15. :) Let those BS experts first take Nifty above 4650+ to confirm that BIG PLAYers are interested to take Nifty UP! :) Gud luk & happy investing! :)...