| Latest Forum Topics / Neptune Orient L Rg |
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NOL
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julian_lim
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07-Dec-2015 09:53
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I also loaded some more at 1.235 on fri.
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AndyLoss
Master |
07-Dec-2015 09:53
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1.30 it is .. guys... so how do we sell it now ?
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AndyLoss
Master |
07-Dec-2015 09:51
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France?s CMA CGM SA is nearing a definitive offer to buy Neptune Orient Lines Ltd. for about S$3.4 billion ($2.4 billion), people with knowledge of the matter said. CMA CGM plans to offer about S$1.30 a share in cash for the Singapore-based container liner, the people said, asking not to be named ahead of a formal announcement. The offer will be announced as soon as Monday in Singapore, they said. Neptune Orient shares were halted from trading, pending an announcement. A deal would combine Neptune Orient and the world?s third-largest container company to strengthen their positions against market leaders A.P. Moeller-Maersk A/S and Mediterranean Shipping Co. Liners have idled about 5 percent of the global fleet, reduced expenses, sold assets and cut employees in an attempt to stem years of losses as sluggish global growth and an oversupply of vessels eat into shipping rates. CMA CGM plans to set up its regional headquarters in Singapore, the people said. Spokesmen for CMA CGM and Neptune Orient?s controlling shareholder, Singapore state investment company Temasek Holdings Pte, declined to comment. A representative for Neptune Orient didn?t immediately respond to a request for comment. | ||||
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f16force
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07-Dec-2015 09:51
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the difference is the interpretation of the so-mentioned 2.4b.  is it only  for temasek' s stake or whole of NOL?   we must  remember   that it started with CMA  buying Temasek' s stake. |
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AndyLoss
Master |
07-Dec-2015 09:50
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http://www.bloomberg.com/news/articles/2015-12-07/cma-cgm-said-to-near-2-4-billion-cash-offer-for-neptune-orient France?s CMA CGM SA is nearing a definitive offer to buy Neptune Orient Lines Ltd. for about S$3.4 billion ($2.4 billion), people with knowledge of the matter said. CMA CGM plans to offer about S$1.30 a share in cash for the Singapore-based container liner, the people said, asking not to be named ahead of a formal announcement. The offer will be announced as soon as Monday in Singapore, they said. Neptune Orient shares were halted from trading, pending an announcement. A deal would combine Neptune Orient and the world?s third-largest container company to strengthen their positions against market leaders A.P. Moeller-Maersk A/S and Mediterranean Shipping Co. Liners have idled about 5 percent of the global fleet, reduced expenses, sold assets and cut employees in an attempt to stem years of losses as sluggish global growth and an oversupply of vessels eat into shipping rates. CMA CGM plans to set up its regional headquarters in Singapore, the people said. Spokesmen for CMA CGM and Neptune Orient?s controlling shareholder, Singapore state investment company Temasek Holdings Pte, declined to comment. A representative for Neptune Orient didn?t immediately respond to a request for comment. | ||||
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sgng123
Supreme |
07-Dec-2015 09:50
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1.30 it below the book value, maybe it for the shipping unit only, port terminal break off lol. |
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feedfrenzy
Veteran |
07-Dec-2015 09:50
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yup i agree.. even 1.30$ also earn why not. I dont expect $2 I think $1.50 is very attrractive liao considering me added at $1.235. More for me to lose!!
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AndyLoss
Master |
07-Dec-2015 09:48
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1.30 also good laa.. :)
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skang2
Senior |
07-Dec-2015 09:47
Yells: "Do or Die, Don't Ask Why.." |
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Low $1.30 also earn ma.. mai tam sim liao..
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Charlie2310
Senior |
07-Dec-2015 09:45
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Hmmmm.  This doesn' t look good.  A lot of conflicting views, some point to high price, some to low ($1.30). 
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lcfarn
Member |
07-Dec-2015 09:43
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Based purely on TA reading and assuming all " hidden"   news already built into current price, the estimated target price is between 1.5 to 1.7 if the takeover is successful. Let' s see how accurate is TA.       |
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Charlie2310
Senior |
07-Dec-2015 09:43
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Yup, but I believe the rate is already fixed when they enter talks... My guess only.
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yNotcool
Member |
07-Dec-2015 09:43
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bloomberg already quite specific?   CMA CGM plans to offer about S$1.30 a share in cash for the Singapore-based container liner, the people said, asking not to be named ahead of a formal announcement. The offer will be announced as soon as Monday in Singapore, they said. Neptune Orient shares were halted from trading, pending an announcement. http://www.bloomberg.com/news/articles/2015-12-07/cma-cgm-said-to-near-2-4-billion-cash-offer-for-neptune-orient |
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Charlie2310
Senior |
07-Dec-2015 09:41
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Wa bro, you super conservative...you take SGD/USD as 1.38 ah?
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sgng123
Supreme |
07-Dec-2015 09:41
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suspend trade that meant deal is done no turnback, now countdown to our celebration. |
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f16force
Senior |
07-Dec-2015 09:41
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sing$ getting stronger.. now is 1.3953 |
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granto
Master |
07-Dec-2015 09:40
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CMA CGM on verge of NOL acquisition:  http://splash247.com/cma-cgm-on-verge-of-nol-acquisition/ |
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Charlie2310
Senior |
07-Dec-2015 09:40
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Bro..how you work out to be $1.30?  You forgot to divide by 0.67 ah? kekeke
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AndyLoss
Master |
07-Dec-2015 09:40
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thanks Dude..:) hope u r correct...
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Charlie2310
Senior |
07-Dec-2015 09:38
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Based on SGD/USD at 1.41, will work out to be $1.94
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