To roast Mars and Hersheys' nuts

Tags: olam + universal blanchers + singtel

littlesuperherogirl
littlesuperherogirl posted on Apr 23rd 2007 8:55AM; via investorcentral.blogspot.com
To roast Mars and Hersheys' nuts

and that was the headline i used when writing my story today on Olam International, which bought over US-based Universal Blanchers for US$77 mln. =P

there are days when your colleagues seem to zone out and act with diminished intelligence.

today was one of those days.

incident 1:

i was done writing a story on how Ezra Holdings (shipping company) had a subsidiary listing on the Oslo bourse.

fifteen minutes later, colleague A asks out loud "where is Oslo?"

me: Oslo is in Norway.

A: what kind of name is that to call a stock exchange?

me: Oslo is a place in Norway. the oslo stock exchange is just like the Singapore stock exchange.

colleague A shrugs.

incident 2:

colleague B asks, "where is the land of the rising sun? is it Vietnam?"

A: China!

me:...no. it's Japan.

i was getting increasingly appalled by this point, then came incident 3:

colleague A asks "which politician owned SingTel?"

me: he's not a politician, but lee hsien yang, prime minister lee hsien loong's brother.

A: so he owned SingTel?

me: no, he manages SingTel, he doesn't own it.

(not that SingTel - Singapore Telecommunications - is a government-linked company which has a huge market cap and is listed on the mainboard of the Singapore exchange. it is also a stock we cover every evening during our market wrap.)

A: SingTel is not a locally-listed stock, is it?

colleague C gasps in horror...saying, "are you serious? we cover it EVERY NIGHT!"

A: oh yeah.

i'm seriously worried about the future of my company. =P

that said, our latest blog on investorcentral.blogspot.com (written by A and B) worries me.

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