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Big steps forward ,,
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sun233
Elite |
28-Sep-2016 19:01
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Olam bought back shares today. |
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sun233
Elite |
27-Sep-2016 16:09
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Let' s hope so I managed to buy a little at 2.03.
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FATABA
Supreme |
27-Sep-2016 16:04
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Volume is still relatively low .....see it can test 2.10 again soon ...I hope.
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sun233
Elite |
27-Sep-2016 15:50
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Someone accumulating on the cheap. That wall is fake. I feel it in my bones! |
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FATABA
Supreme |
20-Sep-2016 10:29
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2015 net income is 387M .......and just first half of 2016, Olam is 228M .......so Q3/4 cant be zero .... With Mitsu contribution coming in ...it can only be higher. Happy investing. |
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Qanghoo
Supreme |
20-Sep-2016 10:17
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By the way, I' ve been doing my own DD, n my own DD says ok at current px so I bought some at 2.03 n still q' ing for more. Will be happy if anyone wants to short it down to < 1.80. A lot of others will be waiting to catch I can assure u.
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Qanghoo
Supreme |
20-Sep-2016 10:12
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When 1.50? CEO has been there for so long. TH seems very happy. Japs also very hayyp to buy at 2.75. Muddy Waters tried to bring it down, but no b***** to even face lawsuit. So, what basis for 1.50? I' ll be very happy to offer 1.70 if anyone wants to sell me. As for DBS, its probits have been going north n north only. Now near milestone profit of 5 bil/yr. So, what' s the problem?
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buysellbuysell
Master |
20-Sep-2016 08:36
Yells: "someone please sell down low so that others can buy low" |
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This counter olam is only waiting to get shot down to 1.5x only. Matter of time probably.
coz it has high gearing ratio probably. And if you know the ceo, soupy the ceo is another DBS and noble ceo kind. Got exposure exposed. Come out in newspapers look cool only. Then the price get shot down somemore. DBS was $22.xx to $23.xx in the good old times. Now is $15.xx and more room to grow. grow south probably. DYODD. |
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sun233
Elite |
20-Sep-2016 06:40
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Oil rises as US dollar dip bolsters investor demand for commodities |
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infoshare
Senior |
14-Sep-2016 00:30
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 Noble' s warehousing unit comes under fire for lead reporting errorsIt is fined $54,286 by the London Metal Exchange. After it discovered discrepancies in its lead stock reports early this year, the London Metal Exchange (LME) ordered Noble Group' s warehousing unit, the Worldwide Warehouse Solutions UK Ltd (WWS) to settle a $54,286 fine. According to the notice released by LME, between February 15 to 18, WWS erroneously instructed its London Agent to issue new warrants for an equivalent of 31,700 metric tons of lead at its depots in the Dutch city of Vlissingen. LME noted that these documents had in fact previously been previously been cancelled and scheduled to be reissued. " The errors were recorded in the LME Stock Reports, causing the lead stock levels in Vlissingen in the LME Stock Reports to be incorrect, insofar as they included the cancelled warrants," LME noted, pertaining to the stock reports published for February 15 to March 8. Aside from the fine, LME ordered WWS to pay the costs of the bourse' s Physical Operations Department undertaking an audit of the Improved Measures at WWS&rsquo Vlissingen location Meanwhile, LME said WWS have already acknowledged the errors. The bourse furthered that the errors were an isolated incident. - See more at: http://sbr.com.sg/markets-investing/news/nobles-warehousing-unit-comes-under-fire-lead-reporting-errors#sthash.w9MkF85S.dpuf |
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sun233
Elite |
10-Sep-2016 08:50
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Yeah there is absolutely no chance of privatisation. I agree that the next earnings announcement will factor in Mit' s contribution to the pie. My concern right now will the the strength of the US dollar. The last time the dollar strengtehened commodity stocks fell. Reason being commodities deal in USD and their profits were hurt due to currency conversion. Last night DOW drop affected all dividend stocks badly. This indicates to me that the Fed is getting ready to raise or rather the market is bracing for a hike. Will be a buyer below $2.
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buysellbuysell
Master |
09-Sep-2016 23:14
Yells: "someone please sell down low so that others can buy low" |
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OLAM maybe another noble.... now still got white knight TH major SSH... if TH gone... OLAM may also become long kang stock.... OLAM CEO is also same as DBS CEO probably... got issue already happened already... then they just show face on news paper with that look... and NATO continue from there probably.. DYODD |
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FATABA
Supreme |
09-Sep-2016 22:41
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U hit the nail at its head. Mitsu is a large corp with large army of investment analyse. Certainly they know why they have to pay 2.70 ? We dont. which is I am very confident that come Q4, where Japan is starting trade with Mitsu /OLam , there might be more than just basic trade. THere is global growth in demand for food with hungry China, India , Indo and Africa all coming up . Recent major purchases by large investment into food chain or industry add to this . I just think this is a great linkup which would certainly proof the 2.70 is more than worth it....if not Mitsu is going where to hide / DYODD
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nngeeh
Veteran |
09-Sep-2016 17:41
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I doubt we' ll see any announcement soon as the company can' t do buyback if there are any pending news in near future. My guess is that it' s either to encourage warrant holders to exercise it, or to help Mitsu looks better on their investment in Olam. They bought the share price at $2.7 .... and will need to reports fair value loss .... i think by pushing it to $2.1, it may look slight better comparing few months back before Olam started the buyback. I still don' t understand why they will want to invest at $2.7 when Olam' s price was less than $2 before they invested.
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rainbowman
Senior |
09-Sep-2016 13:20
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interestingly, the main beneficiary of the price increase will be the ones holding on to the warrants issued with the earlier bonds. wonder who are those, temasek? |
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FATABA
Supreme |
09-Sep-2016 12:50
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I still think there is more to it. This note is series 10 , not new...but an addon to an existing one. Oct start of trade with Mit tradig house for Japan. ( nuts and edible products would contribute to OLam .....as this is new and additional to their existing bz) I rule out privatising as there is no need for this now. More so , I think it will drive up Olam share price as Mitsu pay a higher price for there share. Keeping my finger cross.
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rainbowman
Senior |
09-Sep-2016 12:14
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could privatisation be on the cards? |
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sun233
Elite |
09-Sep-2016 08:03
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Now we know why they have been supporting price............ Olam sells US$150m senior notes EP 9, 20165:50 AM Singapore OLAM International has sold a US$150 million five-year senior notes under its US$5 billion euro medium term note programme. The notes with a coupon of 4.5 per cent will be issued under second tranche Series 10 and will be consolidated with the outstanding US$300 million notes issued on April 12, the company said. This takes the new outstanding to US$450 million. The notes due in 2021 are priced at 101.651 per cent of their principal amount plus accrued interest from, and including April 12 to, but excluding their issue date. The expected issue date is Sept 14. At 101.651 per cent, the yield for the notes is 4.1 per cent. Orders for the sale was about US$300 million. Demand came from private banks (51 per cent), fund managers (36 per cent) and banks and others (13 per cent.) Joint bookrunners for the deal were BNP Paribas, Credit Suisse, DBS Bank, HSBC and JP Morgan. Sean Henderson, HSBC' s deputy head of debt capital markets for Asia-Pacific, said Olam has once again reinforced its position as a sophisticated borrower in the debt capital markets. Mr Henderson said the sale was " an opportunistic US dollar transaction following the recent strong market rally" . " The transaction also demonstrated another step in broadening their institutional investor base, with a strong pricing outcome and good secondary performance despite the significant supply in the markets." Olam said proceeds from the issue of the new notes will go towards general corporate purposes including repayment of existing debt. It will be making an application to the Singapore Exchange Securities Trading Limited for permission to deal in and quotation of the notes. The stock closed unchanged at S$2.08 on Thursday. |
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sun233
Elite |
09-Sep-2016 07:56
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I' ve been noticing the same thing. The worry now would be a strong USD which will not be good for commodities as most transact in USD. Hard to say which way it will go. Sitting and watching on the sidelines for now.
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nngeeh
Veteran |
08-Sep-2016 13:15
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Olam has been buying back the shares which is the main reason for the price rise. Ever since the price hit $2.1, the buyback is not that consistent. I noticed that once the price dropped .... Olam will come in to buyback to bring the price to around the range of 2.08~2.1+. I also notice that there are conversion of warrant. Maybe .... Olam is maintaining this price to encourage conversion of warrant. As the price is supported mainly by the buyback, i don' t think there is any accumulation of third party ...
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