| Latest Forum Topics / Neptune Orient L Rg |
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NOL
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AndyLoss
Master |
07-Nov-2015 18:36
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will it go on halt tomorrow ? :)   
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hem2998
Veteran |
07-Nov-2015 18:34
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this was in July 2015  : Source: Thomson Reuters Type: M& A Rumors and Discussions From: 31/Jul/2015 Temasek Holdings (Private) Limited' s planned sale of Neptune Orient Lines Limited (SGX:N03) (NOL) offers potential buyers a modern fleet at a comparative bargain price expected to be around $2 billion, industry and banking sources said. United Arab Shipping Company (S.A.G.) can be expected to join the likes of Hapag-Lloyd AG and Hamburg Sü damerikanische Dampfschifffahrts-Gesellschaft KG (Hamburg Sud) in running the rule over NOL, these people said. Temasek recently hired Citigroup to seek buyers for the majority stake in NOL for $2 billion, the people added, triggering the sale of the whole firm under Singapore rules. Citi, Temasek, UASC, Hapag-Lloyd and Hamburg Sud all declined to comment, reported Reuters
.........   US$2billion for TH stake is equivalent to US$4bil for whole of NOL. currently NOL market cap is about US$2bil. So $1.80-$2 is not impossible if the deal is struck   |
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ysh2006
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07-Nov-2015 18:28
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Just in talk no definitive agreement or transaction , need to exercise caution incase no deal done !!..like Utd Engineer' s NATO. |
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hem2998
Veteran |
07-Nov-2015 18:16
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:)
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RoundRound
Elite |
07-Nov-2015 18:10
Yells: "Tikam Tikam can also" |
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NEPTUNE ORIENT LINES LIMITED (Company Registration No. 196800632D)
Announcement Neptune Orient Lines Limited (?NOL?) notes recent media reports and confirms that it is in preliminary discussions with CMA CGM SA and A.P. Moeller-Maersk A/S with respect to a potential acquisition of NOL. NOL has a duty to assess all options to maximise shareholder value and improve its competitiveness. From time to time, NOL enters into discussions on possible combinations involving NOL, while remaining focused on returning its core liner business to sustainable growth and profitability. There is no assurance that any such discussions will result in any definitive agreement or transaction, or that any offer for NOL will be made or as to the terms on which any such offer might be made. NOL will make an appropriate announcement in the event that there are any material developments. Shareholders of NOL and investors are therefore advised to exercise caution when dealing in shares in and other securities of NOL. By Order of the Board of NEPTUNE ORIENT LINES LIMITED Looi Lee Hwa (Ms) and Wong Kim Wah (Ms) Company Secretaries 7 November 2015, Singapore |
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sgng123
Supreme |
07-Nov-2015 17:21
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NOL is not a listed company losing money for over 5 continous year and still can be listed. Wake up lah, this is a government run agency for major Big exporters from US/Japan. IT is a not for profit organisation and providing reliable and quality service is top concern, losing money they don bother. Can bleed to death and still stay listed cos government is pouring billions in to support it. Currently Singapore is passing the baton of export subsidising to other nations allied to US cos cannot tahan any more of the subsidsing. After providing excellence service to those major exporters for 15 years of course TH wanna get paid by asking for a higher premium for it. Cannot use normal stock market pricing for NOL, the only reliable way is to check out the asset values and hidden assets. Share price is not a reliable indication of the value since it can be manipulated as NOL is 67% owned by government, not enough free floated to make market valuation fair. |
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MooMoo
Senior |
07-Nov-2015 17:16
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I agree with sgng123 that house traders were covering their shorts on Fri.    Maybe they did this in anticipation of the news abt CMA CGM' s bid being leaked out.  The real price rise shd come next week. |
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ecekca
Elite |
07-Nov-2015 17:03
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NOL for $3? Doubt it worth much since it a money losing business. even in good economy market, cannot even turn. Imagine with a bad economy, it heading south. Dump and run while you can NOL kept at ' hold' with lower 95 cents target price by CIMB
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mrwise
Supreme |
07-Nov-2015 16:46
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Haha...friday increase is just peanuts.....
Dont make me laugh.... Watch the increase on Monday!!
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sgng123
Supreme |
07-Nov-2015 16:29
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Based off cimb NOL report, TH want S$3 per share for it 65% stake. That about US$4Billion and that is hell alot and this goes to show NOL is hidding lot of assets value from investors.  IT might be a M& E event with TH taking a stake in the combined shipping group then the acquisition price in cash can be lower. BUT again don forget the dark horse who can charged out of no where with outrageous bid to win TH approval like what happen in APLL. |
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hem2998
Veteran |
07-Nov-2015 16:09
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depends on the target price in discussion. based on the news reports over past few months, TH wants high price.
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gravity8888
Supreme |
07-Nov-2015 16:02
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Could the share price up on fri alr factor in for those who know of this news ? Any adv? | ||||
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AndyLoss
Master |
07-Nov-2015 15:08
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http://www.tradewindsnews.com/liner/376278/maersk-line-and-cma-cgm-plot-nol-bids   |
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AndyLoss
Master |
07-Nov-2015 15:01
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http://www.joc.com/maritime-news/container-lines/apl/cma-cgm-maersk-mum-nol-takeover-report_20151106.html   |
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mrwise
Supreme |
07-Nov-2015 14:59
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Prepare for BIG surging from monday!!! | ||||
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sgng123
Supreme |
07-Nov-2015 13:09
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go look up the NOL website, u would find the fact sheet link. i did noticed that they had hidden the previous fact sheet detailing asset they owned and come out with new format fact sheel which talk a lot about ther service, award..   |
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hem2998
Veteran |
07-Nov-2015 11:48
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woah!
hope so for everyone vested.
btw can you point out the fact sheet please?
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sgng123
Supreme |
07-Nov-2015 11:40
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Well it happen in 2004, NOL offer price at 2.80 later the general offer fail and TH stuck with 67% of NOL, share price do a massive surge from 2.30 to 5.00 under 2 weeks due to BB getting caught shorting NOL under TH order. Plus lot of sharks smelling blood and joi n in the massive contra pushing NOL to new limit, forcing BB to panic cover. Check out NOL asset in fact sheet and u would realize ship is holding lot of valuable land assets which can be sold for billions, expalin why in cimb report they mention TH ask price is US$4B for their NOL stake. They must had do a asset evaluation before the decison to sell. |
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hem2998
Veteran |
07-Nov-2015 11:32
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bro.... $5??
thats very very unreal.
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Sinari
Member |
07-Nov-2015 11:27
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CMA CGM' s interest to buy NOL is publicly reported in Bloomberg. http://www.bloomberg.com/news/articles/2015-11-06/cma-cgm-said-in-talks-to-buy-singapore-shipper-neptune-orient |
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