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deathztm Senior	07-Dec-2015 14:42        deathztm About Contact  Quote this Post!
x 0   x 0  Alert Admin	So should we sell in open market? Charged commission sale or leave it there for offer by company?
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Octavia Supreme	07-Dec-2015 14:28        Octavia About Contact  Quote this Post! Style: Flexible   Mood:
x 0   x 0  Alert Admin	The transaction is valuing NOL at a price to book ratio of 0.96 times. The transaction will be financed by a combination of available cash and bank financing provided by a syndicate of international banks. The boards of NOL and CMA CGM have unanimously approved the terms of the proposed transaction, which is still subject to the approval of the relevant anti-trust authorities as set out in the Pre-Conditional Offer Announcement. The offer will be launched without delay after approval of the relevant authorities which is expected by mid-2016.  The boards of NOL and CMA CGM have unanimously approved the terms of the proposed transaction, which is still subject to the approval of the relevant anti-trust authorities as set out in the Pre-Conditional Offer Announcement. The offer will be launched without delay after approval of the relevant authorities which is expected by mid-2016.  Shareholders are advised not to take any action in relation to the Offer (if and when made) until Shareholders have carefully considered (a) the Independent Directors&rsquo formal recommendation to Shareholders in relation to the Offer in the Company&rsquo s Circular, (b) the advice of the IFA, when appointed, (c) the intentions of the Offeror and (d) the intentions of the Independent Directors in relation to their own beneficial holdings in the Shares, all of which shall be set out in the Company&rsquo s Circular.
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Huataarrhh Senior	07-Dec-2015 14:26        Huataarrhh About Contact  Quote this Post!
x 0   x 0  Alert Admin	Sold last week at 1.185, didnt want to sweat over the weekend on the offer price. Happy for all who made money feedfrenzy      ( Date: 07-Dec-2015 14:22) Posted: ooh. sorry i missed out on the date. Aiyo... dont fight like kids over who right who wrong lah... so huataarrhh did you buy NOL also? Huataarrhh      ( Date: 07-Dec-2015 14:20) Posted: Look at the date... I made the comment when the US$5 billion offer was mentioned in WSJ on 3 dec, not the current offer price of S$1.30. sgng123 was banging that I didnt include NOL' s cash.
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feedfrenzy Veteran	07-Dec-2015 14:22        feedfrenzy About Contact  Quote this Post!
x 0   x 0  Alert Admin	ooh. sorry i missed out on the date. Aiyo... dont fight like kids over who right who wrong lah... so huataarrhh did you buy NOL also? Huataarrhh      ( Date: 07-Dec-2015 14:20) Posted: Look at the date... I made the comment when the US$5 billion offer was mentioned in WSJ on 3 dec, not the current offer price of S$1.30. sgng123 was banging that I didnt include NOL' s cash. feedfrenzy      ( Date: 07-Dec-2015 14:13) Posted: thought is finalised liao why will gap down? its done deal at $1.30 right? either you sel lat open market or wait am i right? can any kind sould shed   light how this works?
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Huataarrhh Senior	07-Dec-2015 14:20        Huataarrhh About Contact  Quote this Post!
x 0   x 0  Alert Admin	Look at the date... I made the comment when the US$5 billion offer was mentioned in WSJ on 3 dec, not the current offer price of S$1.30. sgng123 was banging that I didnt include NOL' s cash. feedfrenzy      ( Date: 07-Dec-2015 14:13) Posted: thought is finalised liao why will gap down? its done deal at $1.30 right? either you sel lat open market or wait am i right? can any kind sould shed   light how this works? Huataarrhh      ( Date: 07-Dec-2015 14:10) Posted: Looks like sgng123 is the deluded investor after all, lol
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dealingroom88 Member	07-Dec-2015 14:20        dealingroom88 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Neptune Orient Lines (NOL SP)   HOLD Price/Tgt: S$1.225 / S$-    Mkt Cap: US$2,275.3m   52-wk avg daily value: US$6.9m   1-Yr Hi/Lo: S$1.24/S$0.77 CMA-CGM makes pre-conditional offer of S$1.30 per share for NOL Analysts: Foo Zhiwei  Tel: (65) 6590 6626 What&rsquo s New? - CMA-CGM is making a pre-conditional offer for NOL at S$1.30 per share, 6% premium to last traded share price of S$1.225. - The offer is pre-conditional on approval from anti-trusts agencies in the EU, United States and China. - The targeted date for satisfaction of the pre-conditions is mid-2016. - Temasek has undertaken to divest its 66.84% stake to CMA-CGM, which will render the offer unconditional to acceptances upon doing so. - CMA-CGM intends to de-list NOL and make it their wholly-owned subsidiary. They do not intend to preserve NOL' s listing status. - Indicative timeline for acquisition and offer:   1) Targeted date for satisfaction of pre-conditions: mid 2016   2) Targeted date of release of Formal Offer Announcement (D): as soon as CMA-CGM is aware that all pre-conditions are fulfilled   3) Date of despatch of Offer Documents (E): within 14-21 days from (D)   4) Temasek to tender its 66.84% stake to CMA-CGM: by 6th day from E   5) First closing date of the Offer: E + 28 days Our Take - We had previously highlighted in our email note that market rumored the offer range between S$1.30 - S$1.40. This has turned out in the bottom of our range. - The offer price of S$1.30 represents 0.96x of NOL' s last reported book value of S$1.36 per share. - We consider the offer as fair, considering NOL' s losses to date for its container business and the continued headwinds facing the sector. Valuation/ Recommendation - The industry remains fundamentally challenged, and CMA-CGM' s offer provides the best hope for shareholders to maximize value in their shareholdings. We view CMA-CGM' s offer as perhaps the only acquisition offer that will be made to NOL in this industry slump. With CMA-CGM' s intention to neither resume trading nor continue NOL' s listing status after acquiring at least 90% of its shares, no earnings upside and the low likelihood a better offer will be made, we advise shareholders to accept the offer. We do not expect CMA-CGM to make a better offer if it does not reach the 90% level for de-listing. - We recommend shareholders to accept the offer, this being the best fair value for the company.
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francisd Master	07-Dec-2015 14:16        francisd About Contact  Quote this Post! Style: Combined   Mood: Yells: "BUY LOW SELL HIGH"
x 0   x 0  Alert Admin	Offer Terms. Subject to the satisfaction or waiver of the Pre-Conditions by the Offeror, as the case may be, by the Long-Stop Date, the Offeror will make the Offer subject to and upon the following terms and conditions: (a) The Offer will be made for the Company Shares (other than those already owned, controlled or agreed to be acquired by the Offeror) (&ldquo Offer Shares&rdquo ) in accordance with Rule 15 of the Code and subject to the terms and conditions set out in the Composite Offer Documents. (b) The Offer, if and when made, will be on the following basis: S$1.30 in cash (the &ldquo Offer Price&rdquo ) for each Offer Share. (c) Pursuant to the Offer, the Offer Shares are to be transferred by the Company Shareholders to the Offeror (i) fully paid (ii) free from any lien, equity, mortgage, charge, encumbrance, easement, right of pre-emption, security, title retention, preferential right, trust arrangement or other security interest or other third party right and interest of any nature whatsoever (&ldquo Encumbrance&rdquo ) and (iii) together with all rights, benefits and entitlements as of the Pre-Conditional Offer Announcement Date and thereafter attaching thereto, including the right to receive and retain all dividends, rights and other distributions (if any) declared, paid or made by the Company on or after the Pre-Conditional Offer Announcement Date. If any dividend, other distribution or return of capital .....
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feedfrenzy Veteran	07-Dec-2015 14:13        feedfrenzy About Contact  Quote this Post!
x 0   x 0  Alert Admin	thought is finalised liao why will gap down? its done deal at $1.30 right? either you sel lat open market or wait am i right? can any kind sould shed   light how this works? Huataarrhh      ( Date: 07-Dec-2015 14:10) Posted: Looks like sgng123 is the deluded investor after all, lol sgng123      ( Date: 03-Dec-2015 20:50) Posted: u never include the net cash US$2.6B it in the balance sheet.
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hfjdhy Member	07-Dec-2015 14:11        hfjdhy About Contact  Quote this Post!
x 0   x 0  Alert Admin	Sala - S$1.30 hfjdhy      ( Date: 07-Dec-2015 14:09) Posted: Just announced S$1.20 offer price by CMA flytony66      ( Date: 07-Dec-2015 14:06) Posted: Just check SGX.. No update lei.. Anyone can confirm deal S$1.30?
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feedfrenzy Veteran	07-Dec-2015 14:11        feedfrenzy About Contact  Quote this Post!
x 0   x 0  Alert Admin	http://infopub.sgx.com/FileOpen/Pre-Conditional%20Offer%20Announcement%20-%2007%20Dec%202015.ashx?App=Announcement& FileID=381419   where you see $1.20? lol hfjdhy      ( Date: 07-Dec-2015 14:09) Posted: Just announced S$1.20 offer price by CMA flytony66      ( Date: 07-Dec-2015 14:06) Posted: Just check SGX.. No update lei.. Anyone can confirm deal S$1.30?
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Huataarrhh Senior	07-Dec-2015 14:10        Huataarrhh About Contact  Quote this Post!
x 0   x 0  Alert Admin	Looks like sgng123 is the deluded investor after all, lol sgng123      ( Date: 03-Dec-2015 20:50) Posted: u never include the net cash US$2.6B it in the balance sheet. Huataarrhh      ( Date: 03-Dec-2015 20:46) Posted: Yup I got the around same price of $1.15 Total debt US$2.872983 billion 5 - 2.872983 = US$2.127017 billion for shareholders No. of shares = 2.601218 billion Offer price per share = US$0.818 = S$1.15 @ exchange rate of S$1.41 per US$ Looks like going to gap down tomorrow
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james81 Member	07-Dec-2015 14:09        james81 About Contact  Quote this Post! Style: Flexible   Mood:
x 0   x 0  Alert Admin	http://www.channelnewsasia.com/mobile/business/france-s-cma-cgm-offers-s/2325254.html
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hfjdhy Member	07-Dec-2015 14:09        hfjdhy About Contact  Quote this Post!
x 0   x 0  Alert Admin	Just announced S$1.20 offer price by CMA flytony66      ( Date: 07-Dec-2015 14:06) Posted: Just check SGX.. No update lei.. Anyone can confirm deal S$1.30?
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granto Master	07-Dec-2015 14:09        granto About Contact  Quote this Post!
x 0   x 0  Alert Admin	CMA CGM takeover of NOL confirmed:  http://splash247.com/cma-cgm-takeover-of-nol-confirmed/
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flytony66 Member	07-Dec-2015 14:06        flytony66 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Just check SGX.. No update lei.. Anyone can confirm deal S$1.30?
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newbie24 Veteran	07-Dec-2015 13:58        newbie24 About Contact  Quote this Post!
x 0   x 0  Alert Admin	personally gonna try to sell, but i personally sense a counter offer coming lol. The price, while good enough, is a tad too low. Might be able to attract others to come as TH seems to have a low baseline this time round. Don't know, just a thought (not any buy/sell call pls don't misunderstand)
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AndyLoss Master	07-Dec-2015 13:53        AndyLoss About Contact  Quote this Post!
x 0   x 0  Alert Admin	yes.. how soon can we get rid of this  dingbat      ( Date: 07-Dec-2015 13:52) Posted: Anybody knows if sold to CMA instead of on the open market when retailers can get back the dough?
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lglg666 Supreme	07-Dec-2015 13:53        lglg666 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Not likely to fetch $1.30 in the market unless there is another interested party...should be trading at most around $1.25 to 1.30, if got wind of a counter-bid later. feedfrenzy      ( Date: 07-Dec-2015 13:37) Posted: means holding on the shares It will only offically bought overon 6 dec 2016 SO LONG??   open market sale i dont think can fetch 1.30 lo      edwinjup      ( Date: 07-Dec-2015 13:31) Posted: Long stop date 6 dec 2016.......lo
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dingbat Veteran	07-Dec-2015 13:52        dingbat About Contact  Quote this Post!
x 0   x 0  Alert Admin	Anybody knows if sold to CMA instead of on the open market when retailers can get back the dough?
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AndyLoss Master	07-Dec-2015 13:49        AndyLoss About Contact  Quote this Post!
x 0   x 0  Alert Admin	hahaha....SSS111 surfaced again.... he wanted to punish NOL ...but got himself punished instead.... now he will go back to work....along with his bro EarlyBird .. as he has lots of businesses running in parallel...hotel , transport, real estate...  wandererr      ( Date: 07-Dec-2015 13:47) Posted: In the midst of all these, i really pity SSS111. LOL he sold when the results come out after holding so long. The moment he sell and ask everyone short, this news come out. Now he damn quiet LOL SSS111      ( Date: 16-Nov-2015 15:33) Posted: HA HA.....GET A JOB LAH.......... BYE ..SPEND ENOUGH TIME WITH U.......GOT TO WORK . GOING ROUND AND ROUND LAH......
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