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sgng123 Supreme	02-Dec-2015 14:41        sgng123 About Contact  Quote this Post!
x 1   x 1  Alert Admin	http://www.sammyboy.com/showthread.php?220305-PSA-In-Panic-Attacks-as-NOL-May-be-sold-to-Maersk-and-CMA-CGM link from saucy forum about PSA scared that NOL if sold to CMA / Maersk would divert 20% of container cargo to west malaysia, it would result in 10% retrenchment in PSA headcount lol. Now the problem spread beyond NOL shoreline, it hit at all the down stream players who benefit from NOL. I wanna see if the upstream US/Japan exporters would also get hit too lol. THis remind me of lehman brother which US let it go bankrupt thinking it is just another investment bank which eventual lead to global financial crisis. THink LYK from his grave come back to inform PSA of this lol.
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newbie24 Veteran	02-Dec-2015 13:57        newbie24 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Jeep some more today. Profited quite a bit from this the last 2 weeks, risk seems lower than what analysts are saying, shall wait and see if this is a mistake
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sgng123 Supreme	02-Dec-2015 13:52        sgng123 About Contact  Quote this Post!
x 0   x 0  Alert Admin	psa might join in the bid too provided nol carve out it liner and port terminal business. in the end nol is being torn apart and devour by hungry vutures lol.
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lglg666 Supreme	02-Dec-2015 13:03        lglg666 About Contact  Quote this Post!
x 0   x 0  Alert Admin	We got lots of engineers ( foreign talents ) who are good at following instructions and good coming up with quick fixes which make the bosses "super happy". Our boss's mantra is cheap and quick solution....what happen next, bo sammy chap as its other's problem. Sighed sgng123      ( Date: 02-Dec-2015 12:42) Posted: singapore got no talent on the engineer side of thing, all wanna be financial manager. That why our transport system start failing and noone know how to fix it lol, 20 years of demolishing our engineer expertise now haiving it toll on all transport mode soon SIA would see crack too lol.
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sgng123 Supreme	02-Dec-2015 12:42        sgng123 About Contact  Quote this Post!
x 0   x 0  Alert Admin	singapore got no talent on the engineer side of thing, all wanna be financial manager. That why our transport system start failing and noone know how to fix it lol, 20 years of demolishing our engineer expertise now haiving it toll on all transport mode soon SIA would see crack too lol.
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lglg666 Supreme	02-Dec-2015 12:10        lglg666 About Contact  Quote this Post!
x 0   x 0  Alert Admin	That's why having a top quality manager is important....give him a crap company, he will change it into a blue chip. Give a blue chip company.....a lousy manager then he will turn it into a crap company. Scholar doesn't automatically become top manager, just look around and see how many turn out to be one? sp71171      ( Date: 02-Dec-2015 11:59) Posted: ex CEO is a joker lah.  assets worth so much yet cannot make profit from it??? Potatoe      ( Date: 02-Dec-2015 10:16) Posted: It does say something...... that the assets are worth good money. :
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sp71171 Member	02-Dec-2015 11:59        sp71171 About Contact  Quote this Post!
x 0   x 0  Alert Admin	ex CEO is a joker lah.  assets worth so much yet cannot make profit from it??? Potatoe      ( Date: 02-Dec-2015 10:16) Posted: It does say something...... that the assets are worth good money. :) Charlie2310      ( Date: 02-Dec-2015 09:39) Posted: The news from PSA is irrelevant for now.  CMA has already struck a deal with NOL (else why asking for financing).  The price has already been fixed.  What the news can suggest is that perhaps the price is high, but not that high.  I have a feeling it wont be done at $1.78, maybe more at $1.6x range, 20% premium on NAV of $1.35.
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lglg666 Supreme	02-Dec-2015 11:08        lglg666 About Contact  Quote this Post!
x 0   x 0  Alert Admin	If the deal is to fail....frankly I'm not surprise. Now with the latest PSA comment....more likely for Ah Kong to take it private then break it up for sales. Can unlock their individual value! sgng123      ( Date: 02-Dec-2015 10:53) Posted: They also fetch better price too. But really how much is the port terminals worth, all investors should know. Independent banker should evaluate it and disclose to all, that would 100% sink all hope of maersk and cma to buy NOL on the cheap side lol. CMA migth even had problem securing bank support on NOL sale since it might involve billions of loan and uncertainty of sale falling through due to bid not meeting temasek expectation. By the way expectation had gone up a notch after PSA made that call.
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earlybird14 Supreme	02-Dec-2015 11:04        earlybird14 About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	High risk high risk. hehehhehehe.... earlybird14      ( Date: 29-Nov-2015 19:01) Posted: Assets cannot make money but lose money is toxic assets, no matter it is ports or vessels, they are not making money, you give nol another 10 years, they will just make another billions loss, For CMA buy nol, they are betting their take over and consolidation plan can work, but will they offer a price higher than market value? A value set by hapag llyold recent ipo, 0.7 NAV, for nol is 0.7 x 1.38, 97cents?!!!! Temasek can choose not to sell but they have to be prepared to top up through right issue, 240mio not enough, if they choose to loan more, the debt will grow again, year by year, at the end still a dead end. A record low freight rate, what at front is another 20% new container capacity vessels will be delivered in next 2 years. Give me a reason to be positive about the industry next 2 year future. Give me a reason temasek to hold and not to sell cheap. Give me a reason why temasek enter a talk with CMA at a situation totally not good for negotiate a good price. If you cannot give valid reason, why buy nol at 1.2??? earlybird14      ( Date: 29-Nov-2015 18:23) Posted: Don't complicate the thing. It is just a business, the world is a free trade market, much much open compared to decade ago, PSA has open their ports world wide, port in singapore no longer rely on any shipping companies, a free trade market, they need it, they will come and PSA will serve them so long as singapore is efficient and effective. Nol, it is a failure, no matter what reason behind, it is absolutely a failure by making 4 years 2.5 billion loss, maersk ceo just want to come and pick durian. Previously nol is having 7billion debt with apl logistics, who want to bear 7 billion debt? So temasek make a clear move by selling apl logistic away and clear the more than 2 billion outstanding debt with billion cash and cash from selling apl logistics. Temasek know clearly, now they only have 240mio cash, they have to sell nol fast, very fast, another 6month can burn off their cash and force them to inject cash which is through right issue. this is my view. I don't speculate, i just tell fact. A temasek move to cash out nol has been speculated by somebody, this body is the small fly cimb, the rest of brokers all price range 90 to 1.1. Whatever you want to sing also can but choose to hold, have to pay the price of over confidence and misjudge the situation. 7 dec, deal or not deal, with 1.2, this is destined to be a lose making be
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sgng123 Supreme	02-Dec-2015 10:53        sgng123 About Contact  Quote this Post!
x 0   x 1  Alert Admin	They also fetch better price too. But really how much is the port terminals worth, all investors should know. Independent banker should evaluate it and disclose to all, that would 100% sink all hope of maersk and cma to buy NOL on the cheap side lol. CMA migth even had problem securing bank support on NOL sale since it might involve billions of loan and uncertainty of sale falling through due to bid not meeting temasek expectation. By the way expectation had gone up a notch after PSA made that call.
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gsasgx Member	02-Dec-2015 10:48        gsasgx About Contact  Quote this Post!
x 0   x 0  Alert Admin	dont think it is going to end on 7 dec.  high chance for extension .. rem F& N?  they extended twice i think.
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sgng123 Supreme	02-Dec-2015 10:45        sgng123 About Contact  Quote this Post!
x 0   x 1  Alert Admin	If temasek don sell NOL for top dollars, then a national investigation should be called to check on the deal to see if any insider profit from the deal lol. THis would make it even more harder for CMA to buy NOL after PSA international made the spinoff call. PSA reputable organisation, they don make this type of call unless they are damn sure those port terminals NOL had would fetch a higher price in open market. More spice and drama kick in to NOL sale drama, getting more interesting. Next big shocker would be the inclusion of japanese players who would rock the party with absurd premium bid price which they usually do lol.
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duofu1285 Member	02-Dec-2015 10:39        duofu1285 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Looks like hovering around storey 12... Not happening?
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sgng123 Supreme	02-Dec-2015 10:29        sgng123 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Deal stuck with temasek but no stuck with remaining 33% also no use. U need to get 95% to wipe clean the M& A and recent example of tigerair also facing issue of fail privatisation due to low bid price as suggested by SIAS. Potatoe      ( Date: 02-Dec-2015 10:16) Posted: It does say something...... that the assets are worth good money. :) Charlie2310      ( Date: 02-Dec-2015 09:39) Posted: The news from PSA is irrelevant for now.  CMA has already struck a deal with NOL (else why asking for financing).  The price has already been fixed.  What the news can suggest is that perhaps the price is high, but not that high.  I have a feeling it wont be done at $1.78, maybe more at $1.6x range, 20% premium on NAV of $1.35.
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sgng123 Supreme	02-Dec-2015 10:27        sgng123 About Contact  Quote this Post!
x 0   x 0  Alert Admin	The port terminals portfolio  is worth billions taken in consideration of inflated asset value due to US QE for the last 5 years. that why the former ceo suggested seaparate spin off. Well i highly recommended just exit the damn container shipping business and sell off everything piece meal then u get ur fat fat $3 dividend.
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Potatoe Member	02-Dec-2015 10:16        Potatoe About Contact  Quote this Post!
x 0   x 0  Alert Admin	It does say something...... that the assets are worth good money. :) Charlie2310      ( Date: 02-Dec-2015 09:39) Posted: The news from PSA is irrelevant for now.  CMA has already struck a deal with NOL (else why asking for financing).  The price has already been fixed.  What the news can suggest is that perhaps the price is high, but not that high.  I have a feeling it wont be done at $1.78, maybe more at $1.6x range, 20% premium on NAV of $1.35.
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KAMAL0883 Supreme	02-Dec-2015 10:04        KAMAL0883 About Contact  Quote this Post! Style: Flexible   Mood:
x 0   x 0  Alert Admin	CMA and interested parties are accumulating in order to save cost speechless      ( Date: 02-Dec-2015 09:52) Posted: STI up 0.9%, but NOL so quiet.
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speechless Member	02-Dec-2015 09:52        speechless About Contact  Quote this Post!
x 0   x 0  Alert Admin	STI up 0.9%, but NOL so quiet.
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Charlie2310 Senior	02-Dec-2015 09:39        Charlie2310 About Contact  Quote this Post!
x 0   x 1  Alert Admin	The news from PSA is irrelevant for now.  CMA has already struck a deal with NOL (else why asking for financing).  The price has already been fixed.  What the news can suggest is that perhaps the price is high, but not that high.  I have a feeling it wont be done at $1.78, maybe more at $1.6x range, 20% premium on NAV of $1.35.
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f16force Senior	02-Dec-2015 07:28        f16force About Contact  Quote this Post!
x 1   x 0  Alert Admin	basically the report headline is Former deputy CEO urged NOL to sell ports and liners separately for top dollars.
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