| Latest Forum Topics / Olam Intl |
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OLAM_OLAM
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daffytlh
Veteran |
14-Nov-2013 17:15
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Company results what time come out? tot end of business day 14 nov? I just check sgx website simi loh boh..I also waiting to dance and sing leh. | ||||
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Rosesyrup
Master |
14-Nov-2013 17:10
Yells: "Get your own opinion, don't follow blindly." |
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NVM, stupid me. Obviously sell. NVM lol, just wait for tomorrow. My excel forecast is that tonight should be good news. Maybe you can sell tomorrow then.
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Rosesyrup
Master |
14-Nov-2013 17:08
Yells: "Get your own opinion, don't follow blindly." |
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You que to sell or buy?
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sharez
Member |
14-Nov-2013 17:06
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Q at 1.515, not done...
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Rosesyrup
Master |
14-Nov-2013 15:56
Yells: "Get your own opinion, don't follow blindly." |
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http://www.youtube.com/watch?v=ATeCoE_fl6o |
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Rosesyrup
Master |
14-Nov-2013 15:50
Yells: "Get your own opinion, don't follow blindly." |
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I wonder today possible to close 52? | ||||
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danytan
Master |
14-Nov-2013 15:16
Yells: "Up up and away!" |
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Yup. No prob
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Rosesyrup
Master |
14-Nov-2013 14:59
Yells: "Get your own opinion, don't follow blindly." |
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$1.4X Don't want to disclose too detail here, shortists would start making noise whenever it hits my BE price.
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danytan
Master |
14-Nov-2013 14:44
Yells: "Up up and away!" |
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I see. Whats ur price? Not vested.
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Rosesyrup
Master |
14-Nov-2013 14:02
Yells: "Get your own opinion, don't follow blindly." |
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Higher? Nope in the money now.
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danytan
Master |
14-Nov-2013 13:43
Yells: "Up up and away!" |
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Hang tight. U bought in higher?
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Rosesyrup
Master |
14-Nov-2013 13:23
Yells: "Get your own opinion, don't follow blindly." |
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Lol I waited for nearly 1 year and prepared to wait for another 2 years. But now, I think we are going to see the light soon. Now worries. tonight should be good.
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daffytlh
Veteran |
14-Nov-2013 13:19
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Keeping my fingers crossed.waited v long.my neck super long oredy. | ||||
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Rosesyrup
Master |
14-Nov-2013 13:17
Yells: "Get your own opinion, don't follow blindly." |
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Judging from the price movement, I think we should be able to have a good christmas this year :)
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Rosesyrup
Master |
14-Nov-2013 12:26
Yells: "Get your own opinion, don't follow blindly." |
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Sudden hike in interest and price. Almost certain tonight  will be a great night for all Olam investors.  
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Rosesyrup
Master |
14-Nov-2013 11:12
Yells: "Get your own opinion, don't follow blindly." |
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Shall see tonight result. Olam is profitable unlike NOL. Both different story, don't compare.
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Obfuscate
Senior |
14-Nov-2013 10:13
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In 2010, Olam paid $389m to buy almond orchards valued by Olam at $413m (incl $216m of intangible assets) thereby realising $24m instantly. Now it wants to sell these, or a part thereof, for A$200m? Any keen mkt observer will know sell and lease back are often done by companies which are not in good shape, eg NOL selling its HQ last year. |
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FATABA
Supreme |
14-Nov-2013 09:17
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Hi, I guess most of us read the below report.....its has " executing on its plan to cut spending and sell assets" .. If you add up the numbers below it shows the management is serious and has done a good job to free up assets and cut spending. In fact it has generate positive cash flow from here... With a BV of 1.54, P/BV of 0.95 and hopefully a recovery of the commodity market....the rest is up to the market....: ))     Olam International, the commodity supplier backed by Singapore?s Temasek Holdings Pte, said it agreed to sell and lease-back its almond orchards in Australia for A$200 million ($232 million) in cash. Nearly 12,000 hectares (30,000 acres) of orchards will be sold to Adveq Almond Trust, owned by a group of investors led by Adveq Real Assets Harvested Resources LP, Singapore-based Olam said today in a statement. Under the agreement, Olam will lease- back the orchard land, trees, and infrastructure for 18 years, a deal which could be extended or renewed, it said. Olam, which sells commodities from rice to cocoa, is executing on its plan to cut spending and sell assets, as part of a business review in April that followed allegations by short-seller Muddy Waters LLC questioning its finances. Executive Director Anantharaman Shekhar said in August that Olam is focusing on generating cash flow and reducing the pace of its investments. ?Though we will no longer own the land, trees or the farming infrastructure, we continue to retain the production economics of the entire almond harvest from these orchards,? Shekhar said in the statement. Olam said it expects to book a gain after tax of about A$45 million when the transaction is completed in the first quarter of 2014. The company will continue to own water rights to the land, and its almond processing plant, it said. The company is due to report quarterly earnings tomorrow. The company said in a Nov. 1 statement it sold its Dirranbandi cotton gin in Queensland to Cubbie Ginnery Pty for A$20 million, in line with a strategy to redeploy capital to higher growth areas. Earlier this year, the company sold its basmati rice mill in India for US$14.5 million. It also said in February it sold, and leased back, almond orchards in California, which boosted second-quarter profit by $18.1 million. |
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Octavia
Supreme |
14-Nov-2013 09:05
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Sign of trouble ahead...almond orchards are money making sectort yet they are selling bcos the company want to raise money and also to record profit in the financial quarter. SELL! |
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Octavia
Supreme |
14-Nov-2013 08:57
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Olam sells Australian almond orchards for A$200m
IN its second sale and leaseback transaction, Olam International is selling nearly 12,000 hectares of almond orchards in Victoria, Australia for A$200 million (S$233 million) in cash. The deal was made with a group of investors led by Zurich-based Adveq Real Assets Harvested Resources, an asset manager that invests in private-equity and real asset funds. It has about US$5 billion in assets under management. The group also includes Michigan non-profit organisation Municipal Employee Retirement System and Danske Capital, part of the Danske Bank Group in Denmark. Olam will lease the land and related farming and irrigation infrastructure for 18 years, with the option of renewal |
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