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sgng123 Supreme	02-Dec-2017:01        sgng123 About Contact  Quote this Post!
x 0   x 1  Alert Admin	the ex ceo is in PSA now so his word carry weight. most likely he trying to shift blame to  temasek if the container traffic for singapore drop 20% due to Cargo divertion by CMA after NOL sale lol. KiaSi Singaporean style , strike first think later lol.
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f16force Senior	02-Dec-2015 21:16        f16force About Contact  Quote this Post!
x 0   x 0  Alert Admin	Well, this former deputy CEO does know NOL inside out and currently, he is a director in more than10 firms, both public and private. What he said in the business times interview made sense.
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mrbean249 Senior	02-Dec-2015 20:05        mrbean249 About Contact  Quote this Post!
x 0   x 0  Alert Admin	But actually the statement comes from an ex-staff, its not really representative of PSA isit? and like limchweepoh said, Temasek controls both TH and PSA, so its likely they would have analysed the costs and benefits to NOL sale? sgng123      ( Date: 02-Dec-2015 19:39) Posted: but it look like NOL never discuss before hand with PSA about the possbility of cargo diversion when company changed hand. Normal SOE companies don backstabbed each other when a M& A is ongoing. This backstab by PSA most likely killed off CMA deal as Temasek would be under pressure not to accept a less than premium bid and remaining investors would demand high premium too lol. This leak kind of push up NOL bid price to new level lol. Limchweepoh      ( Date: 02-Dec-2015 17:50) Posted: Both Nol & Psa belong to TH & surely Psa's interest in buying Nol ports must have been discussed at TH level already...seem to me the ex-eco chose to speak now indicate more an act to pressure cma to put in a serious terms...or cma discussion with TH already exclude ports/terminals..
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AndyLoss Master	02-Dec-2015 20:04        AndyLoss About Contact  Quote this Post!
x 0   x 0  Alert Admin	or it could be a tacttc used by TH to pursuade CMA to some clause or price.. :)   that is why Maersk also came into picture... until last week they were sleeping ..now all of a sudden..   I am 100% sure .. they would have got approval from all the parties concerned before putting the company for M& A . sgng123      ( Date: 02-Dec-2015 19:39) Posted: but it look like NOL never discuss before hand with PSA about the possbility of cargo diversion when company changed hand. Normal SOE companies don backstabbed each other when a M& A is ongoing. This backstab by PSA most likely killed off CMA deal as Temasek would be under pressure not to accept a less than premium bid and remaining investors would demand high premium too lol. This leak kind of push up NOL bid price to new level lol. Limchweepoh      ( Date: 02-Dec-2015 17:50) Posted: Both Nol & Psa belong to TH & surely Psa's interest in buying Nol ports must have been discussed at TH level already...seem to me the ex-eco chose to speak now indicate more an act to pressure cma to put in a serious terms...or cma discussion with TH already exclude ports/terminals..
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sgng123 Supreme	02-Dec-2015 19:39        sgng123 About Contact  Quote this Post!
x 0   x 0  Alert Admin	but it look like NOL never discuss before hand with PSA about the possbility of cargo diversion when company changed hand. Normal SOE companies don backstabbed each other when a M& A is ongoing. This backstab by PSA most likely killed off CMA deal as Temasek would be under pressure not to accept a less than premium bid and remaining investors would demand high premium too lol. This leak kind of push up NOL bid price to new level lol. Limchweepoh      ( Date: 02-Dec-2015 17:50) Posted: Both Nol & Psa belong to TH & surely Psa's interest in buying Nol ports must have been discussed at TH level already...seem to me the ex-eco chose to speak now indicate more an act to pressure cma to put in a serious terms...or cma discussion with TH already exclude ports/terminals... sgng123      ( Date: 02-Dec-2015 17:36) Posted: NOL a container shipping company that provide a one stop service for exporter, basically it cover everything right to customer door delivery. So if NOL is sold whole to a new buyer, the new buyer might skip singapore PSA in favor of west malaysia port ( CMA/Maersk). THis would result in cargo losses for PSA and in turn result in retrenchment that made lot of people angry cos no fault of them. PSA spoken out today cos they sensed the new buyer would divert cargo away from singapore, and urged NOL to split out it assets and they would like to buy it port terminal portfolio to maintain cargo flow to singapore. THis is result of damage hitting the downstream players who had been enjoying benefit from NOL demise. IF NOL decide to carve up it asset portfolio and sell piecemeal, upstream players exporter would be hit hard as they benefit directly from NOL one stop service saving them billion of dollars from paying 3PL for land transport. And Japanese might step in and pay premium to protect it exporters from higher cost. Very smart move of temasek, left or right all parties that benefit from the subsidy programme had to be involved resulting in higher price paid for NOL sale.
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sgng123 Supreme	02-Dec-2015 19:31        sgng123 About Contact  Quote this Post!
x 0   x 0  Alert Admin	this drama would force NOL to come clean on the balance sheet for it non core assets,minority investors need to know the mark to market value of those asset before any vote yes to sale.
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Limchweepoh Member	02-Dec-2015 18:01        Limchweepoh About Contact  Quote this Post!
x 0   x 1  Alert Admin	Another possibility is that cma 24% investor Yildirim Holding is specialise in ports/terminals & TH might be talking both shipping & ports biz separately with cma Limchweepoh      ( Date: 02-Dec-2015 17:50) Posted: Both Nol & Psa belong to TH & surely Psa's interest in buying Nol ports must have been discussed at TH level already...seem to me the ex-eco chose to speak now indicate more an act to pressure cma to put in a serious terms...or cma discussion with TH already exclude ports/terminals... sgng123      ( Date: 02-Dec-2015 17:36) Posted: NOL a container shipping company that provide a one stop service for exporter, basically it cover everything right to customer door delivery. So if NOL is sold whole to a new buyer, the new buyer might skip singapore PSA in favor of west malaysia port ( CMA/Maersk). THis would result in cargo losses for PSA and in turn result in retrenchment that made lot of people angry cos no fault of them. PSA spoken out today cos they sensed the new buyer would divert cargo away from singapore, and urged NOL to split out it assets and they would like to buy it port terminal portfolio to maintain cargo flow to singapore. THis is result of damage hitting the downstream players who had been enjoying benefit from NOL demise. IF NOL decide to carve up it asset portfolio and sell piecemeal, upstream players exporter would be hit hard as they benefit directly from NOL one stop service saving them billion of dollars from paying 3PL for land transport. And Japanese might step in and pay premium to protect it exporters from higher cost. Very smart move of temasek, left or right all parties that benefit from the subsidy programme had to be involved resulting in higher price paid for NOL sale.
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zstro99 Member	02-Dec-2015 17:56        zstro99 About Contact  Quote this Post!
x 0   x 0  Alert Admin	price retreating...i guess sellers don' t want to wait out for a possible bidding tussle? take profit from the recent run up?
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Limchweepoh Member	02-Dec-2015 17:50        Limchweepoh About Contact  Quote this Post!
x 0   x 0  Alert Admin	Both Nol & Psa belong to TH & surely Psa's interest in buying Nol ports must have been discussed at TH level already...seem to me the ex-eco chose to speak now indicate more an act to pressure cma to put in a serious terms...or cma discussion with TH already exclude ports/terminals... sgng123      ( Date: 02-Dec-2015 17:36) Posted: NOL a container shipping company that provide a one stop service for exporter, basically it cover everything right to customer door delivery. So if NOL is sold whole to a new buyer, the new buyer might skip singapore PSA in favor of west malaysia port ( CMA/Maersk). THis would result in cargo losses for PSA and in turn result in retrenchment that made lot of people angry cos no fault of them. PSA spoken out today cos they sensed the new buyer would divert cargo away from singapore, and urged NOL to split out it assets and they would like to buy it port terminal portfolio to maintain cargo flow to singapore. THis is result of damage hitting the downstream players who had been enjoying benefit from NOL demise. IF NOL decide to carve up it asset portfolio and sell piecemeal, upstream players exporter would be hit hard as they benefit directly from NOL one stop service saving them billion of dollars from paying 3PL for land transport. And Japanese might step in and pay premium to protect it exporters from higher cost. Very smart move of temasek, left or right all parties that benefit from the subsidy programme had to be involved resulting in higher price paid for NOL sale.
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sgng123 Supreme	02-Dec-2015 17:38        sgng123 About Contact  Quote this Post!
x 0   x 0  Alert Admin	EB only pop when NOL going down else he off somewhere crying over his china fisheries. AndyLoss      ( Date: 02-Dec-2015 17:36) Posted: where were u hiding yesterday ? earlybird14      ( Date: 02-Dec-2015 17:30) Posted: 4 more day to go 7 dec.  Please add on " No deal" .  All rush to sell. hehehehehe....
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sgng123 Supreme	02-Dec-2015 17:36        sgng123 About Contact  Quote this Post!
x 0   x 0  Alert Admin	NOL a container shipping company that provide a one stop service for exporter, basically it cover everything right to customer door delivery. So if NOL is sold whole to a new buyer, the new buyer might skip singapore PSA in favor of west malaysia port ( CMA/Maersk). THis would result in cargo losses for PSA and in turn result in retrenchment that made lot of people angry cos no fault of them. PSA spoken out today cos they sensed the new buyer would divert cargo away from singapore, and urged NOL to split out it assets and they would like to buy it port terminal portfolio to maintain cargo flow to singapore. THis is result of damage hitting the downstream players who had been enjoying benefit from NOL demise. IF NOL decide to carve up it asset portfolio and sell piecemeal, upstream players exporter would be hit hard as they benefit directly from NOL one stop service saving them billion of dollars from paying 3PL for land transport. And Japanese might step in and pay premium to protect it exporters from higher cost. Very smart move of temasek, left or right all parties that benefit from the subsidy programme had to be involved resulting in higher price paid for NOL sale.
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AndyLoss Master	02-Dec-2015 17:36        AndyLoss About Contact  Quote this Post!
x 0   x 0  Alert Admin	where were u hiding yesterday ? earlybird14      ( Date: 02-Dec-2015 17:30) Posted: 4 more day to go 7 dec.  Please add on " No deal" .  All rush to sell. hehehehehe.... flytony66      ( Date: 02-Dec-2015 16:58) Posted:   Guess the price? 0.89 1.28 1.35 1.50 1.80 3.00 Wa lua..
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earlybird14 Supreme	02-Dec-2015 17:30        earlybird14 About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	4 more day to go 7 dec.  Please add on " No deal" .  All rush to sell. hehehehehe.... flytony66      ( Date: 02-Dec-2015 16:58) Posted:   Guess the price? 0.89 1.28 1.35 1.50 1.80 3.00 Wa lua..
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flytony66 Member	02-Dec-2015 16:58        flytony66 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Guess the price? 0.89 1.28 1.35 1.50 1.80 3.00 Wa lua..
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AndyLoss Master	02-Dec-2015 16:53        AndyLoss About Contact  Quote this Post!
x 0   x 0  Alert Admin	the issue now is ....it will take even longer to get the deal done...:)
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sgng123 Supreme	02-Dec-2015 16:24        sgng123 About Contact  Quote this Post!
x 0   x 1  Alert Admin	so all got the idea, nol isworth more than what is being reflected in the balance sheet as reflected by PSA report. S$1.36 is just scratching the surface, go deeper and  u would see more values hidden. In  CIMB report Temasek asking price is S$3.00 per share and that included port terminals and everything, if only ships and market share then 1.50 is enough lol.
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f16force Senior	02-Dec-2015 16:20        f16force About Contact  Quote this Post!
x 0   x 0  Alert Admin	the more the vultures, the merrier it is
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mrbean249 Senior	02-Dec-2015 15:45        mrbean249 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Suddenly all the vultures converging upon NOL
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newbie24 Veteran	02-Dec-2015 15:42        newbie24 About Contact  Quote this Post!
x 0   x 0  Alert Admin	So PSA is going to make a definite offer for the terminals? If not, I see this news as meaningless, NATO. Anyone can talk up or down the value of NOL, what they need now is people who actually walk the talk granto      ( Date: 02-Dec-2015 15:36) Posted: In case you can' t access BT... Former exec suggests NOL should sell terminals to PSA:  http://splash247.com/former-exec-suggests-nol-should-sell-terminals-to-psa/
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granto Master	02-Dec-2015 15:36        granto About Contact  Quote this Post!
x 0   x 0  Alert Admin	In case you can' t access BT... Former exec suggests NOL should sell terminals to PSA:  http://splash247.com/former-exec-suggests-nol-should-sell-terminals-to-psa/
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