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13-Jun-2014 10:40

Gallant Venture / batam is a crown jews for gallant

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DMG TP price, I may let go to take profit based on current EPS.

My TP will be changed if Indomobil perform better after Acquisition. Compared to Astra International which is no 1 car seller in Indonesia and owned by Jardine C& C operating margin, there are a big room for Indomobil to improve their margin and become more profitable.

Gallant Venture is potential but subjected to the management. I will hold and see through out 2014. Another 6 month to go, i have patience.

TuaPekGong9413 ( Date: 13-Jun-2014 10:22) Posted:

So whats your target selling price? This stock doesnt give dividend so only can make money thru letting go at higher price

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13-Jun-2014 10:34

GLD USD / Gold & metals

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Gold looking good. Plus inflation in past few years printing, now is good price but gold is really a slow return investment.

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13-Jun-2014 10:17

Gallant Venture / batam is a crown jews for gallant

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The margin or contra players surely worry in this since 1700lots which purchased by them are not the floating share in the market but from the 95% which is hold by major shareholders, their worry can be understood.

Since Jan 2014, the pump down to 24cents which was lower than 28 cents last right issue price make me to strongly believe that big hands are behind Gallant Venture and we shall be positive and looking forward the share performance in 2014.

long term long term...

TuaPekGong9413 ( Date: 13-Jun-2014 10:07) Posted:

Ic......guess today dumping may be contra players weekend due and also the dumping effect of 1.7m shares?

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13-Jun-2014 10:05

Gallant Venture / batam is a crown jews for gallant

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Furthermore, don' t expect Salim Group to save their share price or anything. Basically, Salim Group doesn' t care how the company trade in the stock market. They just want controlling only recent case like China Minzhong, price drop to low, they just took over when retailers didn' t want it. They hold sustantial share in Gallant Venture, they will not do anything.

Anyway, long term long term... I still think it is better to let whoever care the company to manage the company. The ratio between Salim Group(indonesia Content) and Singapore board are right now, I won' t be surprise to see Axton Salim to be the chairman in next year AGM.

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13-Jun-2014 09:59

Gallant Venture / batam is a crown jews for gallant

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No possible. Salim Group held 70% and SCI hold about 10%, 95% of gallant share all hold by the major shareholder. There are zero worry in thinking Gallant Venture is like other penny stock or S-chip who demand money from open market.

In last AGM, 1 executive director was retired, 3 new executive director come into the board including Axton Salim who is the 3th Generation of Salim Group. 3 new executive directors are all nominated from Salim Group.

We will see something soon. in my opinion, it is a good sign since Salim group start to pay attention on Gallant Venture which was seem like a abandoned kid in past few years. The son come in which mean Salim Group may want stronger monitoring and controlling in the management after acquisition of Indomobil.

Let' s see how.

TuaPekGong9413 ( Date: 13-Jun-2014 09:45) Posted:

Earlybird, do u think the recent price surge is possible for any rights issues?

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13-Jun-2014 09:44

Gallant Venture / batam is a crown jews for gallant

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http://infopub.sgx.com/FileOpen/_Form1_Lim_Hock_San.ashx?App=Announcement& FileID=291533

Or may be he has no money to pay for his investment in Gallant Venture notes which has 5.95% interest.

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13-Jun-2014 09:33

Gallant Venture / batam is a crown jews for gallant

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http://www.gallantventure.com/

Time to change. Gallant Venture is not more the joint venture company for Batam and Bitam industry and resort development company. After adding in the Indomobile which is 90% of the total revenue. They require a chairman who is better in managing the automobile sales instead of reits or property management, especially Salim Group increased their holding in last right issue but Sembawang Corp under Temasek group didn' t.

Frankly speaking, the performance in property management in past few years are really badly managed and slow growth. They really need a new director boards to move forward.

The chairman sold his share at this moment with 1.7million of share or SGD 595k seem like a hostile revenge to Salim Group. A board change is expected to come soon.

Vivivie ( Date: 13-Jun-2014 08:49) Posted:

--- Post Removed by User ---

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12-Jun-2014 22:46

Gallant Venture / batam is a crown jews for gallant

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Let's see how. Month ago, insider selling as well. See today price. The % of share is low. Salim group increased stake on gallant, they may start to restructure the management which may create insider selling

wiseguy1269 ( Date: 12-Jun-2014 22:16) Posted:

What you say makes sense. I think lots of follow up dumping tomorow.

AldarSorouh ( Date: 12-Jun-2014 19:02) Posted:

12 Jun 2014.

Non-executive Chairman Lim Hock San (also CEO of UIC + Singapore Land) sold 1.7 million shares at $0.355 -> reducing his stake by half from 0.071% to 0.036%.

If such a corporate big wig (and a rich guy who does not need the small change from selling the shares) lacked confidence in the growth prospect of Gallant, do you think retail investors should believe in the growth story?

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12-Jun-2014 17:32

Gallant Venture / batam is a crown jews for gallant

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all the best. share is long term. 3 month is too short, will be easily played out by big boys.

impatient to wait=> sell=> share pump up=> regret and chase to buy=> gonna trap=> share pump down=> worry and sell => share pump up again=> worry is a trap again=> wait => share continue to pump up=> regret and chase to buy=> share pump down and down=> completely trap and don' t dare to sell=> share down & down.

Just bear in mind the above process. make it as a long term investment, do own study=> buy low and sell high=> take profit and walk away=> look for next low value stock , ignore if the sold stock go higher=> no low value stock is found=> walk away from the market and enjoy the money=> come back 6 month to 1 year later and look for low value stock.

Discipline, discipline and discipline and to be always to be early bird.

JLjoyjoy ( Date: 12-Jun-2014 16:56) Posted:

Thks for sharing, earlybird14!

earlybird14 ( Date: 12-Jun-2014 16:13) Posted:

I am monitoring gallant since they took over indomobil in Dec 2012. I didn' t participate in the first pump in in mid 2013 which I believe it is not sustainable because there were a lot of issues happened on Indomobil site which Salim Group was busy in consolidate their control of Indomobil after the acquisition, they even issued new shares and etc. Thing started to settle down in begin 2014 which i believe Gallant worth for long term investment.

I am not big boy so i can' t give you the answer. I will hold Gallant based on company development and the trading chart.

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12-Jun-2014 16:27

Neptune Orient L Rg / NOL

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Cut cost?

This is always mentioned in their past 3 years presentation. They show they have cut the cost in operation by saving the fuel oil cost and be efficient handling the route and cargo arrangement which all competitors are doing the same and P3, Maersk, MSC and CMA are more outstanding.

However, the following are increasing their cost

1) selling head quarter, the gain is gone and easily offset by the loss in last 3 quarters, now NOL has to pay monthly rental fee and the income of rental fee of the NOL building is gone. I don' t know how much is there but it would be another cost increase

2) selling the old vessels to container owners to unload their assets with cash but chartered back the old vessels with well above market chartered rate.

3) Interest payments from notes and short term loan are increasing

The above 3 which resolve their short term cash flow problem but bringing long term cost increase problem.

Lucky03 ( Date: 12-Jun-2014 15:18) Posted:

Who cares ?! We want them to cut cost to their bone, right ?

earlybird14 ( Date: 12-Jun-2014 12:02) Posted:

NOL is going to move out from their building to one of the office in Buona Vista. So charm.... No more headquarter.

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12-Jun-2014 16:13

Gallant Venture / batam is a crown jews for gallant

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JLjoyjoy ( Date: 12-Jun-2014 15:14) Posted:

Hi Earlybird14, do u think l go in at 0.35 is kind of late? M looking at 30% profit within 3 mths.

earlybird14 ( Date: 12-Jun-2014 14:45) Posted:

look back my post. 15 Jan. I bought at 26.5. now is 36. 35% return in about 6 month.

6 month 35%, not a bad return, is it 20 or 40 years? I don' t know but 35% is good for me but I am looking higher

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12-Jun-2014 14:45

Gallant Venture / batam is a crown jews for gallant

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look back my post. 15 Jan. I bought at 26.5. now is 36. 35% return in about 6 month.

6 month 35%, not a bad return, is it 20 or 40 years? I don' t know but 35% is good for me but I am looking higher

earlybird14 ( Date: 15-Jan-2014 15:50) Posted:

Early bird pick early worm called gallant.

it has been a year gallant taking over indomobil. market said gallant will be next Jardine C& C.

Early bird set up nest and catch worm first.

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12-Jun-2014 12:02

Neptune Orient L Rg / NOL

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NOL is going to move out from their building to one of the office in Buona Vista. So charm.... No more headquarter.

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11-Jun-2014 12:32

Neptune Orient L Rg / NOL

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1st paragraph, agreed and knew that quite a substantial change in APL management during last restructure.

None of the notes which are secured to pay vessels are paid and debt is increasing, new cost for interest for the high debt which is one of the reason why nol difficult to turn profitable

Don't really think so. I posted a news about military contract, maersk secured the biggest value, German shipping company secured too. Therefore, it is open bids, a lot of things are changed, national interest may not complicated, if buyout come early, it is good to existing shareholders. But it may not has buyer in the market.

This is not useless, this is just a better long team beat the shortist and force shortist to cover, long team is able to convince market that hank ore is a good company and earn the support. NOL? Loss making, so better don't be too positive. Temasek may help if gonna shorted badly but what will be the price after shorted. How about the 2nd possibility, temasek may know it and allow the dilution. Nol may survive, but what will be the price after these

Lucky03 ( Date: 11-Jun-2014 12:01) Posted:

earlybird14, you may be right with politic and difficult to control the US side. That may have been the reason to restructure management control and responsibility recently by functional role rather than geographical sector. That will force them to take accountability across countries and hopefully see better economy of scale and efficiency.

As for sales of ship to offset loan, I believe quite a fair bits of NOL ships are chartered. In fact, their new ships are paid and owned and hence the earlier NOL returns the higher charges chartered fleet, the better for their cost structure. They are already doing that.

If indeed NOL has no more national interest at stake, it will be good if they sell away and unlock the value for shareholders. We can be looking at 30% above valuation or close to $1.28 per share. Not sure if that's good enough for some. On the other hand, the acquisition of APL may have political mileage to secure US support and protection since it is one of the rare US shipping companies. So, it may not be straight forward to sell NOL or APL to be more exact without US' govt nodding their head ?

Don't bother about those SGX shorts statistic. They are stupid and useless numbers. Probably some traders doing intra day trades but looking at some of the ave price for the various days and closing prices assuming they covered back since there was almost no change in the pools of shares available for borrowing , they could be losing money even if they don't need to pay commission to themselves ! I noticed similar stats when I was collecting Hankore and wrote to SGX for investigation as each day shorts can account for almost 70% of total daily volume ! Standard reply that they will look into it but will not share their investigation ...

earlybird14 ( Date: 11-Jun-2014 11:45) Posted:

Since years ago, I heard NOL internally was very politic and messy. APL management is in US, basically very hard to controlled.

So, don' t push too much hope in NOL.

The daily short sell volume are something cannot be neglected.

Past10 trading day short sell volumes are as follow (daily volume vs daily shortsell volume, %):

1) 10 June - 1369 vs 245 lots, 18%

2) 1310 vs 448, 34%

3) 1437 vs 404, 28%

4) 2405 vs 972, 40%

5) 568 vs 217, 38%

6) 3440 vs 1992, 58%

7) 1169 vs 680, 58%

8) 1903 vs 900, 47%

9) 4531 vs 511, 11%

10) 907 vs 371, 41%.

Constant shorting volume have been started since May 2014. Total short volume since begin may is 20468 lots or market value of $20,158,034.

This may continue to last the rest of the months. In my personnel opinion, 2 things may happen soon:

1) Foreign fund managers are targeting on it and shorting it.

2) NOL has engaged bank or broker to short sell the shares now at higher price, it will be covered with new shares to be issued months later which mean NOL will issue rights soon.

This is just my guess based on my trading experience, it may not be right. But for holders, you can just take it as reference.

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11-Jun-2014 11:45

Neptune Orient L Rg / NOL

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foucs69 ( Date: 11-Jun-2014 11:15) Posted:

haha dun think they will sell............is family business................heard big bosses is good man n humble..................

have a group of loyal old guards still around........

same have many FT managed the technical team....but main importantly is the finanical side and the business development foresight

earlybird14 ( Date: 11-Jun-2014 11:12) Posted:

Shall Temasek bought over PIL and request PIL Management to manage NOL? This may be one of the solution.

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11-Jun-2014 11:12

Neptune Orient L Rg / NOL

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Shall Temasek bought over PIL and request PIL Management to manage NOL? This may be one of the solution.

foucs69 ( Date: 11-Jun-2014 11:05) Posted:

so far the best Box ship operator in Singapore is PIL...........too bad is private..........................

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11-Jun-2014 11:10

Neptune Orient L Rg / NOL

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Just bear in mind, When NOL acquired APL, APL was not a efficiency or effective shipping company ever.

foucs69 ( Date: 11-Jun-2014 10:40) Posted:

those who have business dealing with them will know why their stocks is so stagnant .....................

believe is have strong back stage support, but poor mgnt...........lucky have APL in it..........if not......................

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11-Jun-2014 11:07

Neptune Orient L Rg / NOL

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Like the busiest port in Europe, Rotterdam. None of top 10 container shipping company is from Netherland. So, without NOL, in term of affecting PSA port, I believe is close to Zero.

Changing Airport need SIA, it is like Dubai Airport need Emirates airline, Qatar Airport need Qatar airline. But PSA doesn' t need NOL at all.

earlybird14 ( Date: 11-Jun-2014 11:03) Posted:

The only reason here for holder to keep NOL is temasek. Therefore, I thought your topic is on the implication with Temasek about the local asset. NOL which is not really so local content and talking about the number of local employees, compared to company like keppel corp, Sembcorp, Singtel, PSA and etc, the effect of abandon NOL may be lower.

Do singapore really need NOL? I really doubt so.

famouspinky ( Date: 11-Jun-2014 10:22) Posted:

2nd thing Assets not in Singapore not consider as assets? ( or u call your car an asset?) Business units not assets? The thing with Singaporeans is want fast..but look at the mirror and think. Any further elaboration will be ugly.

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11-Jun-2014 11:03

Neptune Orient L Rg / NOL

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famouspinky ( Date: 11-Jun-2014 10:22) Posted:

earlybird14 ( Date: 11-Jun-2014 09:39) Posted:

Headquarter is sold, no more assets in singapore. All assets like terminals and logistics are in US and all those negative asset -- container vessels are floating on sea, new vessels are cheaper, bigger and faster to build, these vessels become negative asset which cannot clear the loan.

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11-Jun-2014 09:39

Neptune Orient L Rg / NOL

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famouspinky ( Date: 10-Jun-2014 18:14) Posted:

Possible to abandon loss making company unless no underlying assets or national interest.

earlybird14 ( Date: 10-Jun-2014 16:57) Posted:

I am not comparing any about operation, balance sheet or anything between this company since 2 are totally different companies. But just want to point that Temasek also can abandoned their loss making subsidiary and the loss making subsidiary share price can also drop drop drop, then gonna sold out with cheap price

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