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OLAM_OLAM
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FATABA
Supreme |
30-Jul-2015 15:52
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Result cfm 14th Friday before market open. I think its ok if not they wld choose after market close..haha
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sun233
Elite |
30-Jul-2015 15:37
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Only know it is mid August ( 14-17 Aug). In Singapore got no proper earnings calendar. I think they will do well. Look at the carnage with the commodity counters. this one is holding well. It pays to be Ah Kong' s friend. Funds will be looking at improving balance sheet this time.
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FATABA
Supreme |
29-Jul-2015 16:57
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Latest book value is 1.70 today up at 1.80 ...Expecting cash on hand to improve and certainly loans outstandng payment is under managed now. Anyone know when is its coming result in Aug ? Thanks
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bishan22
Supreme |
05-Jun-2015 12:09
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Where is ah gong........... |
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RoundRound
Elite |
16-May-2015 12:33
Yells: "Tikam Tikam can also" |
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You dare to fight head-on our Ah Gong & Olam founders to short down to below $1.66? Not even institutions dare to do. Muddy Water already got slapped hard for it.
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bishan22
Supreme |
16-May-2015 12:22
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Monday show time for Olam????
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BigCannonFairy
Master |
15-May-2015 12:48
Yells: "Slingless David" |
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lol at this comment.
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ysh2006
Supreme |
15-May-2015 09:46
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Nav $1.66 , now trading $1.98 over price 30 c ?...
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Octavia
Supreme |
15-May-2015 09:37
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1Q15 results missed estimates, with net profit down 92% y/y to $31.3m. NAV/share at $1.666. |
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Octavia
Supreme |
13-Feb-2015 12:12
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Olam 2QFY15 results below estimates, as net profit dropped 12% y/y to $118.7m, despite a 8.3% rise in revenue to $4.9b, buoyed by higher selling prices of almonds, hazelnuts, cocoa and coffee, which offset the drop in sales volume to 3.4m MT (-8.7%). The bottom line was impacted by the severe FX devaluation across its major markets, primarily with the US dollar against Russia, Nigeria, Brazil and Australia, as well as a fair value loss on biological assets ($12m). Subsequently, EBITDA margin dropped from 7% to 5.8%. Excluding FX effects, margin would have fallen 0.6ppt to 6.4%. Free cash flow turned in positive, driven by lower working capital requirements, reduced capex pace and lower net interest expense. Net gearing stood at 1.85x. BVPS of $1.6717. |
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greenteaapple
Member |
12-Jan-2015 11:40
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http://businesstimes.com.sg/companies-markets/olam-exits-australian-wool-business-with-sale-of-western-wool-marketing Olam exits Australian wool business with sale of Western Wool MarketingBy Angela Tan [email protected]
12 Jan9:32 AM
OLAM International said on Monday that it has agreed to sell wool broker Western Wool Marketing to Quality Wool, marking the Singapore commodities group' s exit from its niche Australian wool business.... |
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greenteaapple
Member |
08-Jan-2015 18:16
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http://businesstimes.com.sg/companies-markets/olam-changes-fiscal-year-end-from-june-to-december Olam changes fiscal year-end from June to December By Teh Shi Ning [email protected] @TehShiNingBT
8 Jan6:08 PM
OLAM International is changing its fiscal year-end from June 30 to December 31. This is to enable the company to comply with the group consolidation and reporting requirements of its majority shareholder.... |
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sun233
Elite |
01-Jan-2015 13:17
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Commodities taking a hit because of oil. |
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sun233
Elite |
26-Dec-2014 07:16
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Sigh :( More downside. Can' t seem to hold 2.10. |
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infoshare
Senior |
25-Dec-2014 23:29
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Wednesday, December 24, 2014 " Greedy" former chief secretary Rafael Hui Si yan was sentenced to 7 1/2 years in prison yesterday in a case that will further buttress public suspicion of government business collusion. " Hong Kong has fought long and hard since the 1970s to rid itself of corruption," said Court of First Instance judge Andrew Macrae. " To know that the former No 2 in government has received bribes must be a deep disappointment to many people in Hong Kong." He also ordered the bankrupt Hui, 66, to pay the government HK$11.182 million equivalent to the bribe he pocketed in 2007. Macrae also sentenced former Sun Hung Kai Properties co chairman Thomas Kwok Ping kwong, 63 " an instigator" of a HK$8.5 million payment in 2005 to five years and fined him HK$500,000. This was " to deter others tempted to embark on a course of conduct which subverts the conduct of public officials." Former SHKP executive director Thomas Chan Kui yuen, 68, was sentenced to six years in jail. He was also fined HK$500,000. And Francis Kwan Hung sang, 64 a former official of the Hong Kong Stock Exchange and Hui' s childhood friend got five years. The two former directors of SHKP Thomas Kwok and Thomas Chan were also ordered to foot the prosecution' s bill of HK$12.5 million each, due in 28 days. They were prohibited from directing any company for five and six years each, in accordance with their sentences. The sentences were handed down after 132 days of hearings, during which the four were convicted by a jury on charges of misconduct in public office, conspiracy to commit misconduct in public office and conspiracy to offer an advantage to a public servant. Hui alone was found guilty on five of the eight charges for which he was indicted after pocketing payments amounting to HK$19.682 million and unsecured loans of HK$5.4 million. Justice Macrae said: " I am not so naive as to suppose that just because no specific quid pro quo can be identified, there was none, in view of the sheer size of the payment thereby creating a relationship in which it would have been very easy for useful information about government thinking or policy to be communicated to someone outside the government. " There has been a perception for many years of a culture in Hong Kong of government and business leaders cosying up to one another. " Regrettably, this case will have done nothing to dispel that perception." The judge said it is vitally important in these times that Hong Kong' s government and business community remain and be seen to remain corruption free, especially when " the mainland is taking obvious and positive steps to eradicate the cancer of corruption in its own jurisdiction." He said the evidence he heard and read during the trial at times led him to raise his eyebrows when learning of the private life of the highly regarded former government official.12/25/2014 The Standard China' s Business Newspaper http://www.thestandard.com.hk/news_print.asp?art_id=152676& sid=43594965 2/2 " Had it not been for this case, you would probably have gone down in history as one of Hong Kong' s finest chief secretaries in recent years," Justice Macrae said of Hui. " Unfortunately, like all tragic characters, you had a flaw. `Whether one uses the pejorative word `greed' or puts it more kindly that you were blinded by the desire to sustain a high life, it is quite clear to me that you are very adept at using your position to gain much advantage for yourself in breach of your duty and the trust placed in you." Bearing in mind the 30 year civil servant' s contributions to Hong Kong during the Asian financial crisis and for setting up the Mandatory Provident Fund Schemes Authority Justice Macrae reduced Hui' s sentence by nine months. He said sentencing was " difficult when one is dealing with otherwise decent men, who are not young but who have committed serious offenses." The Civil Service Bureau is going through the judge' s sentencing to see if there is a need to cancel, suspend or deduct from Hui' s retirement pensions. |
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bishan22
Supreme |
17-Dec-2014 09:54
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Sit tight and they will come in, question is when nia......
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tormater
Senior |
16-Dec-2014 21:13
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Where's papa Temasek? | ||||
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sghlynn
Member |
16-Dec-2014 13:29
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broke 2 resistance... |
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sun233
Elite |
02-Dec-2014 17:04
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Stay tuned So far, the estimated loss to the short seller(s) from Friday' s buying-in of 4.1 million shares is just above S$800,000. If Singapore Exchange treats Monday' s buying-in as a continuation of Friday' s exercise, it should start at S$2.43 and the price should progressively rise until the 9.1 million is completed, in which case the loss would be significantly more. Apart from the profit opportunity this offers those who have Olam shares in the CDP accounts, there are unanswered questions, the most obvious being the identity of the seller. Brokers say that only an institution would consider such a large gamble and, if they are right, then it raises a host of other questions about fiduciary responsibilities. Stay tuned, it' s likely that we haven' t heard the last of this episode. |
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sun233
Elite |
02-Dec-2014 08:54
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In Monday' s buying-in, dealers were surprised that only 188,663 Olam International were put up for buying in, as the balance to be bought in from Friday' s incomplete exercise was 9.1 million. The speculation was that the short seller managed to borrow nine million worth of scrip since Friday. Whatever the case, the 188,663 were bought in at around S$2.40 per share compared to the short sale at S$2.15. In the ready market, Olam' s shares plunged S$0.08 to S$2.08 with 6.6 million done.
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