| Latest Forum Topics / Neptune Orient L Rg |
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NOL
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sgng123
Supreme |
04-Jun-2016 16:08
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Prepared for lots of short covering if the volume surge, since basically noone buy now only short term trade by hedge fund betting on cma not hitting 90%. That is what happen in 2004, hedge fund take advantage and jack up stock price so bank defending offer had to buy back high. Last friday volume surge to 5 mil and cma not buying. |
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famouspinky
Supreme |
04-Jun-2016 12:34
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1.3 is min
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jackson5
Master |
04-Jun-2016 11:29
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Even those who bought at 1.295 , will have very little to make if they accept CMA' s GO at 1.30 . Why They want to buy ? |
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sgng123
Supreme |
03-Jun-2016 23:15
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Yell at nol management in dialogue since they mess up commercial deal over national interest lol
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sgng123
Supreme |
03-Jun-2016 23:12
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Deal is a go, as it only need 50% shares to go unconditional. Problem is cma want it delist and problem getting 90% , they might need to put a second offer after this offer lapse. Problem is where to get bank support for second offer if current one fail to hit 90% . Blame sg gov protectism for psa since cma in first place willing to pay market rate. What a big mess due to some petty PSA interest. Cma might end up with a major stake in listed nol which is not what they wanted, sg gov should pay the difference to investor as it is them who insist cma support sg export, maybe PSA should foot the bill too as they indirect benefit |
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Sinari
Member |
03-Jun-2016 23:10
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The SIAS dialogue with NOL and CMA CGM management is open to all (not just top 200 or selected). Register using the link below: http://sias.org.sg/index.php?option=com_event& controller=show& task=show& id=551& lang=en I have registered and received an email confirmation. See you all there. |
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AndyLoss
Master |
03-Jun-2016 22:38
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if this deal fails...will the stock crash ?? | ||||
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sgng123
Supreme |
03-Jun-2016 20:20
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This cma offer do not act in interest of investors as leaks before offer indicate cma preliminary offer is higher than current. Due to insistence of sg gov on cma to support sg export offer got discounted which was further reinenforce by ex ceo jumping out leaking hidden value in port assets. Think sg gov or temasek should make up the difference to rest of investors since basically shit start from them. Now cma balls gona drop since their loan based off existing offer and no chance of credit increase, now also cannot back off cos they try smart buying open burning 400m on 10.5% not to mention penalty 100m if they drop out. Another example of sg gov screwing up commercial deal, currently cma working with temasek to solve impasses. I pity cma cos no fault of them, they prepared to pay market price and most likely arranged the required loan but sg gov protectism screw them up. |
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sgng123
Supreme |
03-Jun-2016 16:41
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Would advice cma to go through offer deal strike with th then let it lapse. Speak to us after seizing control from temasek , might take time instead of trying to rush through everything in 1 GO |
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jackson5
Master |
03-Jun-2016 16:41
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How /where to check short quantity ? Today 253,600 shares done at 1.305 , got sold down after that . |
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sgng123
Supreme |
03-Jun-2016 16:36
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Top 200 who hold deciding swap to hit 90% , cannot convince then guaranteed it deadlock for months. Remember current CMA forced into corner, burning 400m to acquire 10.5% then another 2b on temasek now hehe scared rest don approve lol |
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jackson5
Master |
03-Jun-2016 16:33
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Those who buy at 1.30 , would not accept 1.30 GO by CMA but will hold for higher price . |
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meckyjunior
Member |
03-Jun-2016 15:20
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Btw next week there is dialogue session for selected / 200 NOL shareholders to meet with top mgt of NOL n CMA. This is organised by SIAS. Anyone here selected to attend? Guess more detailed info might be released...if any... | ||||
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flytony66
Member |
03-Jun-2016 12:23
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If most accept CMA $1.30 offer... No drama
CMA got less than 90%.. The show begin..
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sgng123
Supreme |
03-Jun-2016 11:37
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U cannot do anything once 90% crossed, cma would compulsory buy out ur stake at 1.30. The magic no is 90%, vicevesu cannot hit 90% a second offer would be on card. Just sleep off the offer letter since it need the big investors effort to knock down the delist effort |
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famouspinky
Supreme |
03-Jun-2016 11:05
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What to do if don't want to accept offer?
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jackson5
Master |
03-Jun-2016 10:58
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1.305 also done. If some BBs Q to buy at 1.305 , CMA wants to have 90% in this GO is a forgone conclusion. |
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sgng123
Supreme |
03-Jun-2016 10:48
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Look like offer letter come today, nol volume and stock move up |
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sgng123
Supreme |
03-Jun-2016 10:40
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Let us review CMA 1.30 precondition offer 1. Antitrust clearance from US/EU/China 2. > 50% shares approving . This deal is a go since antitrust approval and temasek selling it stake. In cma offer statement it is mentioned they do not intend to keep nol listed and reserved the right to compulsory buy out once it hit 90% . The intention to delist is very strong since cma began to buy open market and had massed 10.5%. In normal buyout by main shareholder, precondition is alway > 90% then offer become unconditional, in cma offer only need 50% . This lead me to believe a second offer might be on card if current offer fail to hit 90% but main shareholder changed hand. Holding out since nothing to lose as cma make it intention to delist strong , anyway nothing to buy in market as lot of uncertainty in 2h16 |
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GoldNugget
Elite |
02-Jun-2016 16:14
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That I agree ... But for the short cover from banks I doubt it will have much effect base on current number of shares shorted. Let' s see if the short increases during the offer period to significant level
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