| Latest Forum Topics / Neptune Orient L Rg |
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STI to cross 3000 boosted by long-term investors
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f16force
Senior |
03-Dec-2015 19:56
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$3b for debt? $2b for 2.6b shares?Unlikely! NOL NAV is about 1.35. what does NAV means? Seems we have a pessimist here. |
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Integrity
Elite |
03-Dec-2015 19:55
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Read the lines, read the lines |
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kagekage
Member |
03-Dec-2015 19:52
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$5 Billions = NOL $3 billions debt + $2 billion shares. It means the NOL selling price will be very low. http://www.wsj.com/articles/frances-cma-cgm-taps-banks-to-finance-neptune-orient-lines-acquisition-1449133473 France&rsquo s CMA CGM SA is in talks with banks including BNP Paribas Group, HSBC Holdings PLC. and J.P. Morgan & Chase Co. to raise money to finance the acquisition of Singapore shipping company Neptune Orient Lines Ltd. in a deal valued at around $5 billion, people with knowledge of the deal said Thursday. CMA CGM, the world&rsquo s third-largest container shipper by capacity had late last month entered into exclusive talks with NOL&rsquo s largest shareholder, Temasek Holdings Pte. Ltd., to buy its stake in the Singapore-listed firm. If CMA CGM succeeds in acquiring the stake, it will eventually lead to an offer for all of NOL. &ldquo CMA CGM must show it has the financial muscle to go through with the deal so it is talking to the banks,&rdquo one of those people said. One of the people said the terms of the deal are still be being worked out. The offer could include $3 billion in NOL&rsquo s debt. NOL has a market capitalization of close to $2 billion. A deal would allow Temasek to exit from a company that has been incurring losses for many years. What you guys think, if really true than damned ... |
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Integrity
Elite |
03-Dec-2015 19:51
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" The offer could include $3 billion in NOL& rsquo s debt. NOL has a market capitalization of close to $2 billion. A deal would allow Temasek to exit from a company that has been incurring losses for many years. " Please note the $5b offer could include NOL debt of $3b which means NOL shares at $2b. If this is really true, we may expect a selldown tomorrow morning. |
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Angkukueh
Member |
03-Dec-2015 19:50
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Hi All Forumers This is a piece of good news for all investors who perservere with NOL for a long time? Yoohooo.... HUAT AH, HUAT AH, HUAT AH Regards AngKuKueh |
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sgng123
Supreme |
03-Dec-2015 19:48
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u still cannot believe lah, wait for official release then enjoy ur windfall. |
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Integrity
Elite |
03-Dec-2015 19:46
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US$5b is unrealistic price, it should be $5B SGD. |
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sgng123
Supreme |
03-Dec-2015 19:40
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NOL is firmly in CMA hand if the US$5B takeover deal is confirmed and verfied by tomorrow trading halt. S$2.71 per share for long time NOL suffering investor, a early christmas present.
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f16force
Senior |
03-Dec-2015 19:40
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I guess tomorrow morning NOL will request a halt pending news release. |
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Integrity
Elite |
03-Dec-2015 19:40
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" CMA CGM, NOL, Temasek and the banks declined to comment." The banks definitely know about the value i suppose, but price still hovering around $1.20? If really value at $5b, stock price will definitely not be $1.20 today... |
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Integrity
Elite |
03-Dec-2015 19:36
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Dec 3 French shipping firm CMA CGM has obtained firm commitments from banks to finance the takeover of Singapore' s Neptune Orient Lines (NOL), which has a market value of $2.2 billion, two people familiar with the deal said. CMA CGM, which is in exclusive talks to buy a nearly 67 percent stake in NOL from state investor Temasek Holdings, has tapped lenders including HSBC, BNP Paribas and JPMorgan to help finance the transaction through a syndication process, the sources said. As the talks approach a Dec. 7 deadline, NOL shares are hovering close to their highest level since February 2013. Family-owned CMA CGM is ranked as the world' s third-largest container shipping firm and a takeover of NOL would boost its position on trans-Pacific routes. CMA CGM, NOL, Temasek and the banks declined to comment. (Reporting by Gus Trompiz and Matthieu Protard in Paris, Emiliano Mellino in London, Saeed Azhar in Singapore and Chien Mi Wong in Hong Kong Additional reporting by Rujun Shen in Singapore and Lawrence White in Hong Kong Editing by James Regan) |
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sgng123
Supreme |
03-Dec-2015 19:36
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http://www.wsj.com/articles/frances-cma-cgm-taps-banks-to-finance-neptune-orient-lines-acquisition-1449133473 i double confirm it from WSJ website above is the link. |
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newbie24
Veteran |
03-Dec-2015 19:32
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http://m.todayonline.com/singapore/frances-cma-cgm-gets-firm-commitment-banks-fund-nol-takeover-sources
Wow.. Even in local news? Can someone copy paste here? |
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rawlow1945
Senior |
03-Dec-2015 19:18
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Good luck all. I just want to keep my expectation low - i never won any lottery before. 
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GDTrainee
Member |
03-Dec-2015 19:09
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Just saw another news. France' s CMA CGM gets firm commitment from banks to fund NOL takeover-sourcesless than 1 minute ago by Thomson Reuters |
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f16force
Senior |
03-Dec-2015 19:07
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Not surprising, in CIMB report highlighted earlier (yet to see it myself), it was stated that Temasek was asking for $3 a share |
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newbie24
Veteran |
03-Dec-2015 19:06
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A little unbelievable... Must wait for tomorrow, if there's a halt, rumor probably true. Then again, WSJ wouldn't publish some junk without a certain degree of certainty too.. Let's see | ||
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GDTrainee
Member |
03-Dec-2015 19:02
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I don' t know, just happen to see it, hence share. Hopefully some experts can make some sense out of it. |
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flytony66
Member |
03-Dec-2015 18:59
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Sure anot...too good to be true lor.
S$7.1 billion/2.6b share= $2.71..
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GDTrainee
Member |
03-Dec-2015 18:43
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Looks like USD,CMA CGM TAPS BANKS INCLUDING BNP PARIBAS, HSBC AND JP MORGAN TO FINANCE NOL BUY: WSJSINGAPORE (Dec 3): France&rsquo s CMA CGM is in talks with banks including BNP Paribas, HSBC and JP Morgan to raise money to finance the acquisition of Singapore shipping company Neptune Orient Lines in a deal valued at around US$5 billion ($7.1 billion), people with knowledge of the matter tell The Wall Street Journal. CMA CGM, the world&rsquo s third-largest container shipper by capacity had late last month entered into exclusive talks with NOL&rsquo s largest shareholder, Temasek, to buy its stake in the Singapore listed firm.Categories: Latest NewsCorporate Source: The Edge |
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