Die neue Softbank: Korea Online - 500 Beiträge pro Seite

[Lukoilfan]

Regent Pacific plant seine Tochterfirma Korea Online, eine Holding von Online-Finanzdienstleistzngen in Korea, bald an die NASDAQ zu bringen. Mit Daeyu wurde bereits ein Broker gekauft, der zum ersten Online-Brokerage-House in Korea ausgebaut wurde (www.drs.co.kr).
Als weitere Schritte wurden jetzt eine Bankbeteiligung eingegangen und ein Versicherungsunternehmen gekauft, die nach dem Vorbild von Direct Line in den UK jetzt auch Online-Plattformen entwickeln sollen.
Man kann davon ausgehen, dass Korea Online deutlich ueber USD 500m Marktkapitalisierung haben wird - das alleine ist schon so viel die von Regent Pacific, obwohl die Firma noch Assets in etwa gleicher Höhe hält.
Fazit: 100% Chance, hält der Online-Boom weiter an würde ich mich nicht wundern, wenn die Euro 1 Grenze noch in diesem Jahr geknackt wird.



Regent Pacific Plans to List Arm on Nasdaq

(575)
Jan 21,2000 - 15:13:34 HKT

Regent Pacific Group (0575) said its subsidiary Regent Korea will be renamed
Korea Online and will seek a listing status on Nasdaq. Chairman Mr Jim Mellon
said the group will focus on investment in Korea and Indonesia in the future. As
there are only 11 insurers operating in Korea at the moment, the insurance
market is still not yet fully developed. Furthermore, the penetration rate of the
Internet is low. Therefore, he believed there is ample room for Korea Online to
develop its online financial services in the country.

INTERVIEW-Regent goes from Russia to the
Internet

By David Chance LONDON, Jan 26 (Reuters) - Hong
Kong investment firm Regent Pacific Group Ltd <0575.HK> has put Russian woes behind
and is now concentrating on direct investment in financial services and the Internet,
Chairman Peter Everington said in an interview.

Regent will launch an online platform for share trading, banking and insurance in South
Korea in April, based on its acquisitions of distressed financial service companies.

"If you see what Direct Line was able to do in the UK, the opportunity exists to do that in
Korea, except that the competition is limited," Etherington said on Wednesday.

The company`s shares have jumped over 50 percent in under a week and now stand at
HK$2.45 compared with HK$1.60 last Thursday.

"The reason why Regent`s share price is rising is that all of this has been explained,"
Etherington said. Regent, which owns bank and non-life insurers in Korea, aims to buy out
fund manager Daehan Investment Trust Co (DITC) once it has been restructured and
bailed out by the government.

Everington said he had financial backing from the State of Wisconsin pension fund, which
owns 20 percent of Internet venture Korea Online and 10 percent of Regent itself.

"They have indicated too that if we are able to buy DITC, they would be good for $100
million," Everington said. Regent`s financial services plans do not stop in Asia, although the
region accounts for 70 percent of its operations, but the company is also expanding in
Eastern Europe, where it has bought a Bulgarian bank. "We have four or five projects
going, we are assembling a regional banking business and there are great opportunities in
real estate," Everington said. REGENT NOT A NET NEOPHYTE Everington said that
Regent was no newcomer to the net, having two years experience and noted its founder
Jim Mellon has an online "shopping mall" which will go public in a $400 million offering in
two to three months time. Regent itself has an online fixed odds betting service on the
Internet, exbet.com, which has reversed into a listed Canadian company International
Pursuit Corp .

It also has stakes in Educentre and an Asian incubational investment house Tech Pacific, in
which Japan`s Softbank also has a stake. Everington denied however that the net was the
new Russia, whose 1998 financial crisis forced Regent into a radical restructuring when its
investments in bond markets became worth just one twentieth of their value after Russia
defaulted and devalued its currency.

"Our mistake in Russia was that Russia stole from us in very short order," Everington said.
"The Internet as a trend is absolutely sound. The real question is whether you can make any
money out of it. We have been doing so now for two years," he added. ((David Chance,
London Capital Markets [phone] email [e-mail])) .

[LIXI]

Tempelton Fond hält diese Aktie auch
bzw hat von 10% auf 14% erhöht
an dieser Aktie werden wir noch viel Freude haben

[Lukoilfan]

in der tat ein sehr gutes zeichen.

allerdings handelt es sich nicht um den Templeton-Fonds, sondern um den Gründer der Fondsgesellschaft direkt, also um die Privatperson Sir Templeton.
Der hat immer an Vorstand Mellon geglaubt und war quasi sein Ziehvater in Sachen Investment-banking. Wie aussieht, wird sich das jetzt als gute Entscheidung herausstellen.

[Lukoilfan]

hier noch ein paar background-infos ueber regent von hsbc (nicht up-to-date, vermitteln aber einen generellen eindruck):

http://datacards.quamnet.com/cgi/redirect.pl?code=0575&mode=…

[Lukoilfan]

wollte noch kurz ein paar infos zur shareholder structure loswerden:

die wichtigsten aktionaere von regent sind:

John Templeton Foundation (!!!),
State of Wisconsin (Pensionskasse von US-Bundesstaat),
Harvard University (!!!).

Quelle: http://www.koreatimes.co.kr/14_home/199905/t401521.htm

hier noch ein paar infos ueber den sir:

"The more we give away," Sir John Templeton once wrote in The New York Times, "the more we have left." By that
formulation—indeed, no matter how you calculate it—Sir John has a lot left. In 1992 he sold the Templeton Funds, worth
roughly $80 billion, to the Franklin Group in a deal that netted him more than $900 million. At age 86 he is working 60-hour
weeks from the same three-story office building he built in the Bahamas when he was running the Templeton Funds. But his work
has taken on a different aim—Templeton has created three foundations and is now giving away ten dollars for every dollar he
spends on himself.

Born in Tennessee in 1912, Templeton worked his way through Yale during the Great Depression before taking a job on Wall
Street. Before long, he had opened his own firm, and in 1954, he started Templeton Growth Fund. He went on to found such
successful investment funds as Templeton World Fund, pioneering, in the process, the field of individual investing in emerging
markets.

Knighted Sir John in 1987 by Queen Elizabeth II, Templeton is a British subject and not one to take tax planning lightly. While
best known for the John Templeton Foundation in Radnor, Pennsylvania (assets $235 million), his two offshore trusts bring the
total dedicated to philanthropy to about $800 million. Philanthropy spoke with him at his office in Lyford Cay, the Bahamas.

auszuege aus einem interview:

Philanthropy: Over the past 40 years, you have drawn a lot of attention to the opportunities available in
emerging markets. Looking ahead to the next forty years, which emerging markets interest you?

Templeton: There are roughly 80 places in the world with capital markets, and each one is subject to different
influences. To be fairly loose, I would just say that you should have less than the "world percentage" in those
markets that have not recently had a bear market. The United States for example really has had only minor bear
markets for the past 17 years. The U.S. market is roughly 50 percent of the world market, so you should have
less than 50 percent in a market that has not had its bear market. One country that I put money into recently is
China. Chinese stocks went down to one-quarter of where they had been, and they weren’t high to begin with.
And that’s because the country has numerous problems. But the prices have gone down so far that we must be
near the point of maximum pessimism. And there are plenty of reasons to think that, over the next 10 to 20
years, the increase in income in China will be greater than America.

Philanthropy: So you are still investing?

Templeton: I am trying to devote 100 percent of my time to the programs we support, but my foundations
do have assets and I have not hired outsiders to manage those assets.

Philanthropy: Should people manage the assets of a foundation differently than their own personal assets? Are
there strategies that are more appropriate for one, but not the other?

Templeton: In general they are the same, except of course that the foundation has no income tax to consider.
The documents of my foundation specify that after I am dead, 95 percent of the foundation investments
should be managed by the wisest possible people, that the foundation staff should not try to select investments,
because they don’t know enough. And the wisest investment fund managers today are mutual fund managers,
because [mutual funds] pay more. So you select roughly five of the best-managed mutual funds, and you
concentrate on the mutual funds where they give a wise manager wide latitude.

Philanthropy: Does the John Templeton Foundation invest in mutual funds?

Templeton: Yes, it’s already to some extent following the course I just described.

Philanthropy: Index funds have become enormously popular, and have beaten the returns of most managed
funds over the past few years. Is this an ephemeral phenomenon, fueled by the remarkable recent performance
of the blue chips, which are heavily weighted in the index?

Templeton: Yes. There is a vast amount of new investment by people who don’t know what they are doing,
so the stocks of famous businesses have been bid up much more than unknown businesses or unknown
nations. It would not be wise to invest in an index fund that specializes in big companies.

[ValueSearcher]

Hallo Leute,

habe im Emerging Market Investor ein paar Daten gefunden, die zeigen, dass wir mit Regent gold richtig liegen:

- Prognose Internet Commerce in Asien: von 1.900 Mio US$ in 1999 auf 27.511 Mio. US$ in 2003!!!
- User wachsen 50-100% p.a.
- Internet-Aktien sind bisher "absolute Mangelware". Folge: Die Aktien mit I-Phantasie schiessen wie Raketen in die Höhe.
- EMI empfiehlt 30% seines Portfolios in Asien Internet anzulegen.

Noch ein paar Angaben aus dem GlobalNetInvesting-Letter:

- "Korea bietet alles, was für einen schnellen Erfolg notwendig ist: Eine hohe PC-Penetration, eine hervorragend ausgebildete Bevölkerung, positive wirtschaftliche Rahmendaten und eine generelle Internet-Begeisterung. Korea ist heute schon die siebtgrösste Internet-Aktion der Welt"
- 30% des gesamten Oderaufkommens an der Seouler Börse laufen über Internet (und damit über Regent!!!)
- Zahl der Online User in Südkorea wird laut einer Studie von Merrill Lynch bis Ende 2005 von derzeit 3,1 Mio. auf 20 Mio. steigen.

Das ist der Hammer! Wie die Korea-Internet-Aktien in die Höhe schiessen können, zeigt das Beispiel von Korea Thrunet, ich finde das Konzept von Regent noch viel interessanter. Das machte Everington in dem Interview ja deutlich.
Wenn das mit dem NASDAQ-Listing klappt traue ich Regent zu noch vor Sommer über 1 Euro zu steigen.

[LIXI]

da sich tempelton fond eigekauft hat wird es mit dem nasdaq dieses hjahr sicher noch was

[Lukoilfan]

hi valuesearcher,

klingt gut. dein research macht nochmal deutlich, was an regent so besonders ist:
1. asien hat das größte wachstumspotential in sachen internet
2. wenige internet-firmen sind gelistest, d.h. exorbitante bewertungen sind die folge, da sich alles kapital hier konzentriert
3. vor dem ipo von korea online kann man regent noch zu konditionen kaufen von denen selbst venture capitalisten nur träumen können.

zu den angaben, daß bereits 30% des handelsvolumens an der boerse in korea online abgewickelt werden, eine frage:
weißt du oder sonst irgendjemand genau wie hoch der marktanteil von drs hier ist? wenn nicht, wäre jemand bereit, der gut in englisch ist, regent eine mail zu schreiben und nachzuhacken: [e-mail]

danke + gruß

lukoilfan

[ValueSearcher]

Nur kurz zur Info: In Euro am Sonntag ist ein großer Bericht über Technologie/Internet-Aktien in Asien. Lesenswert.
Und Lukoilfan: Den Vergleich mit den Konditionen eines Venture Capitalisten finde ich sehr gut. Dann sollte das Kursziel aber nicht mehr 1 Euro, sondern 10 Euro lauten. Was meint ihr?

[Lukoilfan]

ergaenzung zur shareholder structure:
das management von regent ist mit etwa 35% beteiligt. und zwar laut annual report 99 wie folgt:

Jim mellon: 119 mio. shares
peter everington: 49 mio. shares
robert purves: 21 mio. shares
jayne sutcliffe: 39 mio. aktien

alle anderen board memember sind mit einem aktienoptionsprogramm an regent gebunden. die exercise period laeuft dabei bis 2002 bzw. 2003 und der bezugskurs liegt meist etwas ueber dem aktuellen boersenkurs.
das alles interpretiere ich als gutes zeichen. wer die vitae der einzelenen personen kennt, weiss, dass es sich um hochkaraetige leute handelt - und regent tut gut daran, diese entscheidungstraeger so an die firma zu binden.
auch boersen-guru mark faber wird uebrigens oft mit regent in verbindung gebracht und sitzt glaube ich auch im verwaltungsrat der regent fondsgesellschaft - laeuft wohl alles ueber die templeton-connection, der faber ja auch nahe steht.

[LIXI]

jetzt schon bei 0,33
Leute beeilt euch

[Lukoilfan]

...ja aber in ny ist regent von 0,33 auf 0,28 gefallen. was ist los?
was meinst du lixi, soll man jetzt was verkaufen?

[joggo]

heute +27% in honkong. in deutschland noch 20% billiger.
die private kapitalerhöhung bei korea online ist am montag erfolgt (zeichnungsfrist endete am 13.mrz!)auf finet war sie angekündigt.
im sommer geht ko an die nasdaq
Regent Korea - currently 60%
owned by Regent Pacific Group -
has been renamed "Korea
Online" or "KOL". Regent is
currently in the process of
raising capital for this in a private
placement which values KOL at
over US$500million, post capital
raising. KOL will be the first fully
integrated online financial
services supermarket in Korea.
The company will offer:
insurance, stocks, bonds,
banking and mutual funds as
well as a range of other financial
services all via the internet,
backed up by telemarketing.
KOL will then develop into a
much broader Korean portal. The
online business is scheduled to
go "live" in April. Following that,
KOL is targeting a NASDAQ IPO
this summer.

[joggo]

schon bei 0,38!!