| Latest Forum Topics / Neptune Orient L Rg |
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NOL
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flytony66
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07-Dec-2015 22:47
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France really rip off Singapore TH .. In biz sense . Have to give it to France CMA ..Bought NOL at the right time... But as a singaporean am Sad to say this ... Really poor NOL Mgmt...Most minority shareholder lose big this time and most of hold pink ic ...Those bought this 2 -3years sld have make some profit.. Those Long term NOL bought more than 5 year ago... Take it easy man..Lose some consider win Lor..At least is a closure... | ||||
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sgng123
Supreme |
07-Dec-2015 22:44
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Best of luck to CMA, they would be stuck with angry CPF NOL investors for years, hardcore retail investors who don sell and just wanna to attend AGM year after year making fun of ceo since u cannot take out CPF investment even if u make a killing. those CPF investors had been torturing NOL CEO for years now just switch to CMA lol. Temasek might also face wrath too since they would stand to lose close to US$1B as their investment in NOL in 2004 and right issue 2007 stand at US$2B that just only about 40% ofthe share holding. Advice for those still stuck on high price if amt not too much, can sell off tomorrow if price is at offer 1.30 else just hold on and save urself some brokerage fee. guess lot currently don had stomach to pay brokerage fee for losses. Anyway i see opportunities coming as soon STI would start to go downhill due to US fed rate hike as everything here is inflated by QE once rate go up then more bad debt. estimate STI would be down by another 15% before stabilisation since it cannot break 3000 and currently sliding downward and rebound weakly. Oil is again below 40, this is bad omen last time it hit 40 STI sink almost to 2800, take care. |
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sgng123
Supreme |
07-Dec-2015 22:34
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it could move even higher if not for the restrained shorting by houses on TH order to maintain share price stability. Anyway using share price to value M& A usually end up even more messy cos share price can be manipulated.
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Qanghoo
Supreme |
07-Dec-2015 22:32
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I think IFR will probably say something politically correct to cover their own backside n avoid harming TH.  A recent favourite verdict is - not fair, but reasonable ..... hahaha.
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huatster
Senior |
07-Dec-2015 22:31
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NOL has already moved down from $4.00 ipo days to 1.22. Already a reduction of more than 300%. THe takeover company must be smiling like mad as it has taken NOL so cheaply
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moonsun
Veteran |
07-Dec-2015 22:29
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Nol .. Those buy eatlier days at much higher prices all crying till no tears !
Wonder how we manage to make losses yr after yr n manage by scholar ? |
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sgng123
Supreme |
07-Dec-2015 22:27
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wait  till the independent financial report is out and found that they short change retail investors then u would start to enjoy nol drama in full glory. in 2004 the show was good and ending dramatic as that time temasek try to short change retail investors but got punished badly and heavy short covering happen when deal fall through. Last 2 weeks of heavy trading, lot of shorting by house trader s to maintain the share price range as nobody in right mind would sell when a M& A is ongoing and selling is by house trader using borrowed short. New short cover old short and the cycle repeat it self. Now they hoping retail investors would sell after this, let see the volume tomorrow then we know. since noone would buy now once news is out, everyone would only trade at supposed offer bid as TH had pledged their support for it so die die no 1.30 don sell. Tomorrow it would be all over the newpaper, english/chinese/indian whatever those old timer nol investors would not be pleased.
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ecekca
Elite |
07-Dec-2015 22:26
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NOL already moved up from 0.77 to 1.23 from Aug15 Already a gain of nearly 60%. The takeover company must be fuming that now it has to pay more than 60% premium.. |
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Qanghoo
Supreme |
07-Dec-2015 22:09
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They will probably just face the AGM  After all, a bit of shouting will do them no harm.  They may have to face sporeans n explain why (if that' s the case) they are selling so cheap. 
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sgng123
Supreme |
07-Dec-2015 22:00
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would be hard th just announced they support the offer, to make them change mind unless they got better offer while safeguarding singapore interest. th got rip off bt cma due to the fact they wanna a safeguard on singapore export. just look the nol ceo face, it a rip off face in business time conference pic. Interest of minority share holder sacrificed for singapore interest, selling below nav while ex ceo last week mention nol book value is more than it look felt like a betrayal on TH to all investors. IF IFA report turn out TH indeed short change all investors then it gona get hot in AGM next year, lot of shouting etc. |
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huatster
Senior |
07-Dec-2015 20:49
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Dont be suprised that Maersk may come in with a better offer.  
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spore1
Supreme |
07-Dec-2015 20:43
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If $1.30 people will take advantage to short .It may be 1.23-1.26.
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Qanghoo
Supreme |
07-Dec-2015 20:41
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Think lowest wld be 129.  Probably won' t go lower than that. 
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polarinda
Master |
07-Dec-2015 20:37
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who wants to sell below 130...another question. Besides contra players i.e |
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Qanghoo
Supreme |
07-Dec-2015 20:36
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Are they allowed to buy at higher than offer px?  I thiught under the takeover code, if they do that, they have to up the offer px to the highest they pay in the open mkt.  Any expert can advise for sure?  Thx. 
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sgng123
Supreme |
07-Dec-2015 20:06
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no buyer lah, new out and no point buying unless a competive bid come along. tomorrow is mostly short cover and contra taking profit. then big q on buy side and big q on sell it would be in accumulating stance for 6 months.
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sgng123
Supreme |
07-Dec-2015 19:58
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http://splash247.com/former-exec-suggests-nol-should-sell-terminals-to-psa/ u meant this?
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ttimer
Member |
07-Dec-2015 19:57
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like one of the bro said, cma will likely sweep up as much as they can to achieve 90% and may even buy in at 1350 ,1400, but i do feel for the loyal NS bros out there who bought at > $2.. |
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sgng123
Supreme |
07-Dec-2015 19:55
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It is also positive that CMA CGM will establish its regional head office in Singapore, which will reinforce Singapore&rsquo s leadership position in the shipping industry. Shareholders will , of course, await the IFA (independent financial advisor' s)  report on the reasonableness of the offer and vote on it," he added.  line picked from BT and that why th sell it stake at 1.30 to do NS for singapore, later would also check out IFA report to see ifthe deal is fair or not since the bid offer is below book value. Tomorrow is shortist cover day, not many peep would buy since deal is out and no profit to be made. anyway volume is the key, tigerair first week lot of volume then later die out due to bad comment from SIAs. If everything go smoothly, NOL would be rangebound 1.29-1.30 long time till next year june |
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rawlow1945
Senior |
07-Dec-2015 19:54
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maybe around 1.29-1.295 tomorow   |
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