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OLAM_OLAM
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tonylim
Master |
10-Jan-2013 11:01
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Not all anayst's recommendation can be taken seriously.
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Octavia
Supreme |
10-Jan-2013 09:42
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Olam's nil-paid rights dive 34.7% as shares slide.
Some attribute big swing to difficulty in pricing complex instrument.
Read more:http://www.businesstimes.com.sg/premium/top-stories/olams-nil-paid-rights-dive-347-shares-slide-20130109
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stockwinner
Member |
09-Jan-2013 23:12
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Vested a bit for both...
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Peter_Pan
Supreme |
09-Jan-2013 09:22
Yells: "kopi-o siu dai mai hum!" |
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UBS downgrades Olam to 'sell' from 'buy' UBS downgraded Olam International Ltd from 'buy' and cut its target price to S$1.33 from S$2.95, citing uncertainties around the cost of its Gabon project. Olam shares were down 0.3 percent at S$1.60 by 0100 GMT, around 8 percent below the level they were at before short-seller Muddy Waters launched an attack on the commodities trading company for its accounting practices and aggressive acquisitions. UBS said the World Bank now estimates the total cost of the Gabon project to be at $1.5 billion to $2 billion, compared with Olam's initial estimate of S$1.3 billion. " A cost overrun and project delays significantly increase the risk to management's target of turning free cash flow positive by 2015," said UBS in a note. The brokerage also said its bankruptcy analysis of Olam shows the company's financial position has deteriorated to below financial health levels, but remains above distress levels. " A number of concerns have arisen in recent months," said UBS, including Olam's earnings quality and growth, deteriorating returns on asset investment, the risk of Nigerian export credit write-downs, management compensation, the recent share buyback considering its capacity expenditure requirements and negative free cash flow. 0901 (0101 GMT) (Reporting by Charmian Kok in Singapore Anupama Dwivedi [email protected]) Keywords: MARKETS SINGAPORE STOCKSNEWS/OLAM |
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iPunter
Supreme |
09-Jan-2013 08:32
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Very wise and discerning of you to just " buy a bit" ... That's a good move. But I tend to think it will drop today (ie. Olam & GentSp).. But please don't let my thinking affect your decision a bit... 
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stockwinner
Member |
09-Jan-2013 08:16
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Anyway.. i might consider to buy a bit today... and another good gems... genting sp as well...good luck
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iPunter
Supreme |
09-Jan-2013 07:35
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Lol... That's a flag, yes, but that's hardly a good flag... It is out of proportion...
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stockwinner
Member |
09-Jan-2013 07:16
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No nice yet...unless bounce back today....
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bishan22
Supreme |
09-Jan-2013 05:14
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Forming a nice bull flag. 
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Obfuscate
Senior |
08-Jan-2013 17:32
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No big deal lah when you check out where Olam was in Oct 2010 vs now. The price has fallen by more than half despite all the rosy analysts' calls.
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oldflyingfox
Master |
08-Jan-2013 17:27
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You could buy and sell the rights just like other shares, it will be quoted as " Olam R" . I think the trading period is only within a week. To exercise it, you could do it by submitting the form that mailed to you or through the ATM machine.
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Isolator
Supreme |
08-Jan-2013 17:19
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Why still around? Run.... hmmm.... |
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stockwinner
Member |
08-Jan-2013 16:49
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Must not break $1.58 support... |
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wait_ii
Member |
08-Jan-2013 15:18
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Hi, How can I exercise or sell the right issue that I'm entitled to and where can i see the right issue I have. Lastly, if i want to purchase the right when and how am i going to make the payment? Thanks in advance |
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sriramanv
Master |
08-Jan-2013 15:04
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My broker gave me 3 options (for Long) 1. Excercise 2. Lapse 3. Trade out - Where the rights will be closed with the available market price.
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wizsalboi
Member |
08-Jan-2013 14:54
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Hi, im quite new to this and really need some help. Am vested in Olam and is eligible for the rights issue. However, how do I trade away the rights online if i am using UOB Kayhian? Please help |
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sriramanv
Master |
08-Jan-2013 12:01
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Once i get more info from the broker today, i will post it here...this is a bit complex offering from OLAM.
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sun233
Elite |
08-Jan-2013 12:01
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check this out. http://www.livetradingnews.com/muddy-waters-losing-the-olam-battle-in-singapore-97538.htm |
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gavinl
Supreme |
08-Jan-2013 11:31
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Thanks for update,at least i learn something new today. Cheers!
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sriramanv
Master |
08-Jan-2013 11:24
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Thanks Bro. I just checked with my broker and advised that CFD holders are eligible for the rights. Broker said i will be informed today on this.
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