| Latest Forum Topics / Neptune Orient L Rg |
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NOL
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sgng123
Supreme |
07-Jun-2016 09:36
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576mil buying block lol CMA gone banana they wanna buy everything from open market |
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famouspinky
Supreme |
06-Jun-2016 22:42
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US will approve. You have till 4/7/16, 530pm to accept.
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jackson5
Master |
06-Jun-2016 22:31
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Now Offer also sent out today, what if US dont approve, retreat back everything ?
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sgng123
Supreme |
06-Jun-2016 22:00
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They need it but i guess they got tip off by insider on impending approval so they start early on paperwork  |
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jackson5
Master |
06-Jun-2016 20:14
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Do CMA really need US approval on this deal ? If yes , why CMA went ahead with this offer without waiting for US approval ?
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sgng123
Supreme |
06-Jun-2016 19:35
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Think they still waiting for us antitrust clearance, cma gan chong rabbit time running short. This week last approval m8ght come then they sent out letter immediately     |
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sgng123
Supreme |
06-Jun-2016 19:27
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Old news cma already made announcement last week through sgx but no offer letter yet |
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granto
Master |
06-Jun-2016 18:21
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CMA CGM moves to buy up all outstanding NOL shares:  http://splash247.com/cma-cgm-moves-buy-outstanding-nol-shares/ |
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sgng123
Supreme |
06-Jun-2016 11:23
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According to market norm in takeover deal, the offerer normally don buy in open till offer go unconditional. By buying open before offer go unconditional, they just invited vultures to join in the feast. Volume super weak as no investors prepared to sell tiĺ l letter out. Best part in these type of deal is share price had to be defended witn either big long or short once ball got rolling, no turning back high risk if outcome uncertain
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famouspinky
Supreme |
06-Jun-2016 11:00
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This is finance.
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jackson5
Master |
06-Jun-2016 10:51
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Another perception is CMA knew they have to give a GO at 1.30 , if they can buy from open market at  few cents below 1.30 , it is cost saving to CMA , otherwise they would have to pay all shares that they wants to buy at 1.30 . The 10 over % shares that CMA bought from open market has already reduced their costs .
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sgng123
Supreme |
06-Jun-2016 10:27
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Keep cool and wait out since cma determinec to take nol private. Offer letter shoild come this week, i leave it untouched till we got a clear ourcome |
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sgng123
Supreme |
06-Jun-2016 10:25
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Reason is simple people opposed to deal can disrupt offer by moving open market price higher, resulting in investors holding out for better offer. Cma is in bad position as they make known their intention to delist too obvious normally had to keep low profile until u secure support of 90% then u do delist. U don buy in open market for 6 months when precondition not met unless u very desperate and not confident deal would be supported. Those big players can long and short indefintely as long as credit line is supported, normal market rule don apply to them they alway advantage over normal players.
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Demostation
Supreme |
06-Jun-2016 10:23
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Maybe not murdered but saboed.
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famouspinky
Supreme |
06-Jun-2016 10:14
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A good company will not die unless it's murdered. | ||||
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mrbean249
Senior |
06-Jun-2016 09:49
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Dont understand why still got shorting to keep price stable. Past few months if tell me they got short to keep price down i still believe. But now at 1.30 theres no need to short what? Nobody will buy at 1.30 above, so why is there a need to short to keep price stable? |
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jackson5
Master |
06-Jun-2016 09:37
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Logically , If CMA is successful in obtaining 90% , all short positions have to be covered and not the other way round. Because when CMA has 90% , it will lead to compulsary acquistion of all shares , so all short sellers have to buy back and return the shares. If CMA fails to obtain 90% , as long as short sellers willing to bear the borrowing costs ,open  short positions can be remained intact , why is there a need to cover the short positions ?
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sgng123
Supreme |
05-Jun-2016 22:21
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Best strategy is do nothing a proven and tested one. Enjoy the drama if there show, worst case senario u still get ur 1.30 min nothing to lose doing nothing. CMA is trapped in this one lol they make too much preparation like ocean aliance, bank credit support, antitrust approval and bond issue not to fail cos they unwilling to fork out a little bit more to buy out rest of investors,. Can always ask temasek to top up the diference since they the one who complicate this deal |
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stkoh78
Member |
05-Jun-2016 21:42
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like what Serious' s plan, i will not do anything for first initial offer.  I hope CMA failed to aqquired the 90% share and they revised with a better offer . Anyone saw the TigerAir share price when SIA try to aqquired during the 2nd offer , there are time it actually trade with better prices that the SIA offer price . |
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sgng123
Supreme |
05-Jun-2016 21:29
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If ur investment is not that big, small changes only. If holding more than 50000 shares then wait for ofer otherwise can sell open
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