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OLAM_OLAM
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Octavia
Supreme |
22-Jun-2021 11:18
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Is is the next hyflux or something worst? Company has been raising funds endlessly via bonds, share placements,increase borrowings/bank lines and now rights. Seems to be grappling for oxygen even thinking of spinning subsidiary for IPO listing primarily for more cash despite the subsidiary is not really a cash cow. Definitely there is some truth behind the US infamous short-seller Muddy Waters saga. | ||||
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rainbowman
Senior |
22-Jun-2021 11:17
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Post pandemic, T will want strong hold on food security | ||||
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rainbowman
Senior |
22-Jun-2021 11:15
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Already free float very small, my guess less 15%, will be quite interesting
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shadow
Veteran |
22-Jun-2021 11:00
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Likely squeezing out all the foreign registered holders to sell . They are not entitled to the rights |
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PhillipTan
Supreme |
22-Jun-2021 10:59
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Must hold in multiples of 2 lots to prevent odd lots If not, maybe need to to subscribe more and hope they give you full lot to prevent having any odd lots Don' t need to be large shareholders (Ie. 2k shares => 300 shares, no odd lot and not a large shareholder)
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beng1102
Elite |
22-Jun-2021 10:58
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Is fully under-written and 100% will be able to get the extra funding. All these selling today seem overdone as business is getting better.
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rainbowman
Senior |
22-Jun-2021 10:44
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Oh...ok. With the recent shopping spree, guess they need more cash. Anyway, ex-rights, T will increase their shareholdings, I guess that's the only consolation...lol. Will hold till their listing of OFI..
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FATABA
Supreme |
22-Jun-2021 10:36
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I guess what they mean is no odd.....if u hv 10lot is 1500 shares ......is full Dyodd
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rainbowman
Senior |
22-Jun-2021 10:16
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No partial? How does that work, doesn't seem fair ?
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FATABA
Supreme |
22-Jun-2021 10:01
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Reaction just started .....more to come.
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Observers
Elite |
22-Jun-2021 09:32
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ppl havent recover from the shock to react to this new is it? | ||||
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FATABA
Supreme |
22-Jun-2021 09:31
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Olam International announces renounceable, fully underwritten S$601.7 million rights issue to position for future growth &bull 3 for 20 rights issue at S$1.25 per rights share &bull Proceeds to partially repay debt used to complete acquisition of Olde Thompson and position Olam for future growth &bull Fully sub-underwritten by major shareholder Temasek Singapore, June 22, 2021 - Olam International Limited (&ldquo Olam&rdquo , &ldquo the Company&rdquo or the &ldquo Group&rdquo ) is announcing a renounceable, fully underwritten rights issue as it positions itself for future growth. Priced at S$1.25 on a basis of 3 rights shares for every 20 existing ordinary shares, the rights issue price represents a 26.9% discount to the last traded price per share of S$1.71 on June 21, 2021 and a 24.2% discount to the theoretical ex-rights price per share of S$1.65. The rights issue is expected to raise gross proceeds of S$601.7 million. |
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FATABA
Supreme |
22-Jun-2021 09:29
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SHIT totally disappointed w this right issue .....favour large shareholders.....3 shares for 20 holding .....no partial. So all are force to hold in order of 20 shares to benefit . This management need to be changed.
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PhillipTan
Supreme |
07-Jun-2021 13:10
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Oh yeah, going to reach my breakeven point soon | ||||
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FATABA
Supreme |
07-Jun-2021 13:07
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Moving up again w reasonable volume. Wonder any news . 1.90 on its way before next result. Dyodd
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coolbear123
Senior |
25-May-2021 10:10
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Sell sell sell. Don' t be greedy. | ||||
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FATABA
Supreme |
25-May-2021 09:33
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Olam is a stable stock and pays good dividend . Patient is needed. Restructuring confirmed and should see Olam cutting out its division by early next yr . Dyodd
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rainbowman
Senior |
25-May-2021 09:30
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Hopefully bro, touched 1.80 finally
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furyhawk
Member |
25-May-2021 09:14
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Breakout happening. | ||||
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flylow6
Senior |
25-May-2021 00:40
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Creeping up slowly with Low volume. At least is tending up. | ||||
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