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Azzaramich Member	26-Feb-2014 16:49        Azzaramich About Contact  Quote this Post!
x 0   x 0  Alert Admin	When is the AGM of NOL?   The comparison with Maersk does raise some concerns about NOL.   I am sure the shareholders (including me) have put our faith in this company, and care about the future of this company.   Mr Ng has much to explain.
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ascend88 Master	26-Feb-2014 15:49        ascend88 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Ng Yat Chung Group President and CEO   Mr Ng Yat Chung was appointed Group President and Chief Executive Officer of NOL beginning October 2011. Prior to joining NOL, Mr Ng was a Senior Managing Director at Temasek Holdings (Private) Limited. Before joining Temasek Holdings, he was the Chief of Defence Force in the Singapore Armed Forces (SAF).  During his career in the SAF, Mr Ng served in various senior command and staff positions in planning, operations and logistics.   His major assignments included Chief of Staff (Joint Staff) and Chief of Army. Mr Ng is the Chairman of the Board of Trustees for the Singapore Institute of Technology. He is also a member of the Board of the World Shipping Council, a member of the International Advisory Panel of the Singapore Maritime Institute and the Singapore Advisory Panel of the Chartered Institute of Logistics and Transport. he became CEO on Oct 2011.... 2 yrs + has passed....
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ascend88 Master	26-Feb-2014 15:33        ascend88 About Contact  Quote this Post!
x 0   x 0  Alert Admin	interesting interview......abt 1 yr ago in 2013..... http://www.channelnewsasia.com/news/video/interview-with-ng-yat-chung-ceo-of/613886.html
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earlybird14 Supreme	26-Feb-2014 15:17        earlybird14 About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	I am pretty sure appoint the ex-general to be MD is a big mistake. He painted a good picture of 400Million cost saving in 2013. 2011were in extremly worse operating condition, NOL made loss of 400 million and other competitors including maersk Line made loss too. His cost saving plan cut in in 2012 till 2013, still making loss of 400 million and 295million respectively when Maersk Line managed to breakeven and made billion of profit. His cost saving plan  in 2012 and 2013 are absolutely a joke. darthiliator      ( Date: 26-Feb-2014 13:52) Posted: Ya I'm pretty sure even NOL themselves is shorting their own shares -_- They already know that their shares is dropping, yet they yesterday still emphasize that their shares is dropping. I think they are hedging to cover the loss until the market improves.
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ascend88 Master	26-Feb-2014 14:45        ascend88 About Contact  Quote this Post!
x 0   x 0  Alert Admin	2 ex-general .....1 in ship....1 in train...... see which one will come out tops....in time for 2016 ?
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darthiliator Senior	26-Feb-2014 13:52        darthiliator About Contact  Quote this Post!
x 0   x 0  Alert Admin	Ya I'm pretty sure even NOL themselves is shorting their own shares -_- They already know that their shares is dropping, yet they yesterday still emphasize that their shares is dropping. I think they are hedging to cover the loss until the market improves.
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earlybird14 Supreme	26-Feb-2014 13:49        earlybird14 About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	The 200Million gain from headquarter sales is not sufficient to cover the continual loss since 2011. 2011- loss 473Million, 2012 -loss 413Million and 2013 loss 71million(including the head quarter sales) or 295million excluding the head quarter sales(After the cost saving plan for 1 year?). Where is the cash coming from for these few years cash burning? answer is the borrowing for the new container vessels through notes and etc. Will NOL still has sufficient cash to pay off the rest of the new container vessels after so many years of loss? Right issue coming soon.
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cccx123 Elite	26-Feb-2014 13:43        cccx123 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Based on all the negative comments here it seems like NOL is a prime shorting target based on both fundamentals and technical. Lol..
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earlybird14 Supreme	26-Feb-2014 13:30        earlybird14 About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	As mentioned, NOL is operating structural failure and left behind few streets. When they  are fullfilling  the cost saving in this round, Maersk, MSC and CMA are moving to next round, NOL will never catch up. Maersk Line  9M revenue, 19Billion USD, 9M net profit, 1.197Billion, Net profit Margin   6.3% NOL Line 9M revenue, 8.8Billion USD, 9M net profit, -156Million (excluding one time gain from headquarter sales), Net profit Margin -1.78% Just 4th Q alone, NOL made loss of -135Million. The new container vessels has started slowly to replace the chartered vessels  since early  2013. This should show improvement in 4th Q but it doesn't but go worse. You still try to convience yourself the other 20 chartered retire contract are going to contribute positively in 2014. NOL has sold the headquarter to raise the money to cover their loss. Here has shown that Temasek didn't want to support the right issue and requested NOL to raise cash from selling headquarter. Currently, NOL has nothing value asset left but only left vessels which are heavily debt and cannot be turned into cash. The only thing they can do next is to issue right to raise money for the next round of loss. Just save more money to buy the right coming soon if you still think NOL is worth for investment. sgng123      ( Date: 26-Feb-2014 12:49) Posted: 20 chartered would be retired this year = more cost saving this year. Make ur review after this then would be a better comparision with the top containers lines. Maersk, MSC and CMA all made profit cos they did fleet renewal earlier than NOL at least 1 year in advance, they make losses too in 2012 but they completed their cost saving plan in 2013 so returned to black. For now don touch ship and wait for news. earlybird14      ( Date: 26-Feb-2014 09:10) Posted: No compared, in fact, Maersk and NOL are not at same level at all but few streets behind. Just to point Maesrk line is no 1 container shipping and taking the lead to hike freight rate in 2013 which make them earn billion of profit in 3Q time. In this 3Q time, NOL made loss continually. Look at freight rate at start in 2014, it is below than 2013 at same period. After Maersk cut cost successfully and making billion of profit, they have no excuse to hike rate in 2014. Who are left behind, will not survive same as those Asian container shipping company
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sgng123 Supreme	26-Feb-2014 12:49        sgng123 About Contact  Quote this Post!
x 0   x 0  Alert Admin	20 chartered would be retired this year = more cost saving this year. Make ur review after this then would be a better comparision with the top containers lines. Maersk, MSC and CMA all made profit cos they did fleet renewal earlier than NOL at least 1 year in advance, they make losses too in 2012 but they completed their cost saving plan in 2013 so returned to black. For now don touch ship and wait for news. earlybird14      ( Date: 26-Feb-2014 09:10) Posted: No compared, in fact, Maersk and NOL are not at same level at all but few streets behind. Just to point Maesrk line is no 1 container shipping and taking the lead to hike freight rate in 2013 which make them earn billion of profit in 3Q time. In this 3Q time, NOL made loss continually. Look at freight rate at start in 2014, it is below than 2013 at same period. After Maersk cut cost successfully and making billion of profit, they have no excuse to hike rate in 2014. Who are left behind, will not survive same as those Asian container shipping company. Heero78      ( Date: 25-Feb-2014 20:59) Posted: hahaha...can u tell me which other asian shipping company that make money at this moment?? dun compare so far with Maersk...
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darthiliator Senior	26-Feb-2014 12:45        darthiliator About Contact  Quote this Post!
x 0   x 0  Alert Admin	Yup lets all hold till august!!!!!
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sgng123 Supreme	26-Feb-2014 12:43        sgng123 About Contact  Quote this Post!
x 0   x 0  Alert Admin	don lose sleep over it, it is part and parcel of ship share movement. lot of retail investors all exiting with losses last few days all scared to the hell, explain why u seeing a slowing share price decline. Big players are snapping up those shares at attractive price range while small players that cannot hold all loses. There is new support everyday lol 1K block lot to ease the decline at closing at buyer bid, just need to wait out till all the sellers are cleared. Need to have faith in ship renewal program and restructure effort in the last 2 years, this year is the final leg and when completed u see better operating cost structure and maybe better world economy outlook.
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moneycow Elite	26-Feb-2014 12:13        moneycow About Contact  Quote this Post!
x 0   x 0  Alert Admin	IT was a star on SGX once.. NOW............its a potentially delisting candidate stock. How time have change. Perhaps it did things the same old ways while other re-invented themself. In modern world, to survive and be among the best - you need to reinvent yourself to overcome competition. IT mean : a. DO things smartly. b. Be fully aware of your competitor's strategy to eat into your   market share. c.   Cut operational overhead, find ways to boost profits to supplement or boost profits.  d.   Increase customer base by offering better rate then competitors.  e. Joint venture, if need to, with your rivals   for complimentary benefits. f.   If need be,   compliment instead of competing directly with your closes rival.  e. Recruit or poach best talent in the market. Top brains makes huge difference operationally moving forward. f.   CUT or minimize area that   are not profitable/divest. e. Diversify   investments, have more income streams. f. ETC ETC :) Just some of my thoughts at the moment.   ONLY speculate that, they are doing thing the routine ways. while other company re-invent their stredtegy to more suit current condition.   I could be wrong. Thanks
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darthiliator Senior	26-Feb-2014 12:09        darthiliator About Contact  Quote this Post!
x 0   x 0  Alert Admin	I think ah kong hedging by shorting also. haha, that's why NOL release another bad report.
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halleluyah Supreme	26-Feb-2014 11:59        halleluyah About Contact  Quote this Post!
x 0   x 0  Alert Admin	vry weak...ah kong no come in to support or ah kong also selling bit by bit arh??
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spore1 Supreme	26-Feb-2014 11:44        spore1 About Contact  Quote this Post!
x 0   x 0  Alert Admin	95 cents soon. next 91 cents spore1      ( Date: 13-Feb-2014 08:13) Posted: looking gd to go higher New123      ( Date: 08-Jan-2014 10:55) Posted: Started to move up. Looking gd to clear $1.11and go higher. http://sporeonlines.blogspot.sg/2014/01/nol.html
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darthiliator Senior	26-Feb-2014 11:32        darthiliator About Contact  Quote this Post!
x 0   x 0  Alert Admin	The nightmare of blumont happening all over again, blumont from 0.140 to 0.64...........Wonder what will happen to NOL :(
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earlybird14 Supreme	26-Feb-2014 09:44        earlybird14 About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	low freight rate will not stimulate consumption. In fact, the container shipping volume is still growing in this few years. However, the container fleet are still expanding faster and bigger size. This is structureal change for this industry. With 1 billion of profit, Maersk can expand their fleet further. Those container shipping line like NOL will only be stagnant or go bankrupt and their market share will be taken away by Maersk or other cost efficient company like MSC. banana      ( Date: 26-Feb-2014 09:28) Posted: Freight rates r low to stimulate consumption. That will generate growth in the economy
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banana Member	26-Feb-2014 09:28        banana About Contact  Quote this Post!
x 0   x 0  Alert Admin	Freight rates r low to stimulate consumption. That will generate growth in the economy
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earlybird14 Supreme	26-Feb-2014 09:10        earlybird14 About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	No compared, in fact, Maersk and NOL are not at same level at all but few streets behind. Just to point Maesrk line is no 1 container shipping and taking the lead to hike freight rate in 2013 which make them earn billion of profit in 3Q time. In this 3Q time, NOL made loss continually. Look at freight rate at start in 2014, it is below than 2013 at same period. After Maersk cut cost successfully and making billion of profit, they have no excuse to hike rate in 2014. Who are left behind, will not survive same as those Asian container shipping company. Heero78      ( Date: 25-Feb-2014 20:59) Posted: hahaha...can u tell me which other asian shipping company that make money at this moment?? dun compare so far with Maersk... earlybird14      ( Date: 25-Feb-2014 18:02) Posted: You are too over-optimised on NOL. Spend sometime in reading Maersk 3Q report. When NOL selling their headquarter office  and recorded  200Million of profit in 2013, in overall still making a loss, Maersk shipping line is making 1.197 USD Billion of profit in first 3Q in 2013. http://files.shareholder.com/downloads/ABEA-3GG91Y/2983347166x0x706308/9ca47280-2dbe-4407-9211-91aabca80994/Interim_Report_Q3_2013.pdf When competitors are able to make billion of profit, NOL is making a few hundred million of loss(excluding 1 time gain  in  headquarter sales)  in the same period. Obviously, NOL has problem in their operating structure. The 400million of cost saving programme  are nonsence. Competitor like Maersk also launched similar cost saving programme at the end they manage to turn the company to be so profitable. If the container market turn better, NOL is able to breakeven, Maersk is going to make even higher profit and they are going to build more larger, more fuel efficient container vessels to fill the market demand. There will be zero chance for NOL turn profitable. Wake up and think twice, what's wrong to NOL. The General is not the right man to manage the company, Temasek shall either sell away NOL or pay tons of money to employ the MD or chairman of Maersk container shipping to teach this dude how to manage a  shipping company properl
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