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Visualizzazione dei post da agosto, 2011

KYC: a korean sovereign fund

Immagine
KYC is an acronym for the Korean Investment Corporation. It's a global investment company (founded in 2005) owned by the government of South Korea, specializing in foreign investment, particularly in the management of government reserves in foreign currency (mainly U.S. dollars). In 2008 KYC  invested $ 2 billion in Merrill Lynch, a negative decision because of the financial crisis. Now the Korean sovereign fund is trying it  again with the Bank of America (the buyer at the time of Merrill Lynch) with 78 million U.S. dollars in the bank's shares purchased. Part of this money come from the $ 145 million that the KYC has just received as a dividend from the Bank of America itself.

KYC: un Fondo sovrano coreano

Immagine
La KYC è l'acronimo di Korean Investment Corporation. E' una global investment company (costituita nel 2005) di proprietà del governo della Corea del Sud, specializzata  in investimenti esteri ed in particolare nella gestione delle  riserve governative in valuta  ( principalmente dollari Usa). Nel 2008 la KYC investi' 2 miliardi di dollari nella Merryl Lynch, investimento rivelatosi negativo a seguito della crisi finanziaria. Ora il fondo sovrano coreano ci riprova con la Bank of America (acquirente a suo tempo della Merryl Lynch) con 78 milioni di dollari di azioni della banca Usa acquistate. Parte di questi soldi derivano dai 145 milioni di dollari che la KYC ha ricevuto come dividendo proprio dalla Bank of America.

William Hill: #1 on betting

William Hill, the British company known for betting ,on the market since 1934,  is landing in a great  style in Italy (in our country operates in the online casino but will soon be active in sports and poker). Very good balance sheet data of the first six months of 2011, especially when compared to major competitors, whereas the comparison is made with the excellent 2010, with record receipts due to the football World Cup. Turnover has increased by 7% and profits  before tax of 23%, driven by online sales (+23%) and the doubling of bets from the mobile service . Just to make comparisons, one of the historic rivals, Ladbrokes, has seen a decrease in turnover of 3% and 32% in pre-tax profits. The price of the  William Hill shares  is about 218 pounds, when the maximum of the last 12 months was 239 pounds and the minimum  154 pounds. Relatively low is the P / E, that is  around 10 (for Ladsbrokes is about 13);  analysts predict...