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Latest Forum Topics / Neptune Orient L Rg  Post Reply
Chasen holdings could be the next big multiplier
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Veteran
23-Aug-2014 07:27     
 
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the risk is indeed higher

that said, the price can go either way from here

spore1      ( Date: 22-Aug-2014 22:30) Posted:



still not out of the wood. have to be able to take high risk if u want to play this counter..

Lucky03      ( Date: 22-Aug-2014 22:06) Posted:

Would selling APL Logistics be good for NOL?

By Marcus Hand from Singapore

As the losses mount year on year it can be difficult for companies to find a successful strategy to get back on an even keel again. One strategy can be to sell assets or divisions of the group as a whole.

The problem with this strategy often is that the most sellable part of the company will almost certainly be the part that actually makes money, even though it is not the core business.

It would seem to be the position Neptune Orient Lines (NOL) has found itself in after other scenarios have failed to transpire. Consolidation would appear to have been one route for NOL, but it has been unable to achieve this despite some clear attempts over the years since it acquired APL. And endless rounds of cost savings have still left the liner business losing money.

It has also often talked about developing its profitable logistics business to become a much greater part of the overall business, however, it has stuck at just below the 20% mark of revenues for many years now. So it was perhaps no surprise NOL this week clarified that it was looking at a possible sell-off or listing of APL Logistics, although did make it clear any such plans were in very preliminary stages.

Reportedly looking for $750m if it sells, it would be a nice boost for the company. But it is also a one-time thing. An initial public offering (IPO) is a more interesting option as it would keep the logistics arm within the group, albeit diluting its stake, and at the same time provide funds, without taking on more bank debt, for the potential logistics acquisitions NOL talked about at its half year results two weeks ago and hopefully then growing that successful business.

Should it choose to go down the sale route for APL Logistics, and assuming a willing buyer offering the right price, it would leave NOL as a pure play container line, which might make consolidation easier. However, apart from multi-time failed suitor Hapag-Lloyd, which is busy merging with CSAV, it is a little bit hard to see who else might be interested.

Hong Kong-based, Tung family-owned, Orient Overseas Container Line (OOCL) might be a possibility, but given they have found profitability where many others have failed it would seem somewhat unlikely. An IPO for APL Logistics certainly would not solve NOL?s woes but it could well help set it on the right path for the future.
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Veteran
23-Aug-2014 07:25     
 
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could be profit-taking then
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Lucky03
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23-Aug-2014 02:45     
 
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 Alert Admin 		272 lots shorted today at ave price of 1.0157.

Lucky03      ( Date: 21-Aug-2014 20:57) Posted:

Only 463 lots shorted today at ave price of 1.0193. Worth noting that though NOL closed yesterday at 1.02, the bid price was 1.015 and asking 1.02 with asking volume overwhelmed bid volume. Today closed 1.02 too but bid price was 1.02 and asking 1.025 and volume almost equal each other as the bid volume built up in the afternoon to closing. That is a sign of relative strength and the volume unlikely to be sustained by retail or intra-day traders. Clear indication of institutional investors accumulating.

counter      ( Date: 21-Aug-2014 09:07) Posted:



I predict that the lots shorted today will be higher than that of yesterday. But then again, that does not necessarily mean a fall in the price.


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Lucky03
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23-Aug-2014 01:16     
 
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 Alert Admin 		East/West: North Europe-North America
in International Shipping News 22/08/2014


Transatlantic carriers are struggling to raise spot rates despite strong ship load factors and improving demand.
Container demand in the westbound North Europe to North America trade is gaining momentum as traffic rose by 8.4% year-on-year in the second quarter to 729,000 teu. The latest growth spurt follows on from a more modest 3.3% in the first quarter when activity was hampered by severe weather in populous North American cities.
The cumulative growth for westbound container volumes after six months of the year is 6.0%, indicating that the annual growth rate will almost certainly exceed the 2.2% increase recorded for the whole of 2013.
Figure 1
Westbound North Europe to North America Container Traffic (?000 teu)

Source: Drewry Maritime Research, derived from PIERS (www.piers.com) and CTS (www.containerstatistics.com)
Second quarter growth for North American exports to North Europe ? with a bigger emphasis on industrial rather than consumer goods ? was nearly as impressive at 6.6%. However, the flat growth in the first quarter brings down the eastbound trade?s year-to-date growth to 3.3%, roughly on a par with the annual rate achieved in 2013.
Figure 2
Eastbound North America to North Europe Container Traffic (?000 teu)
Figure 2
Eastbound North America to North Europe Container Traffic (?000 teu)

Source: Drewry Maritime Research, derived from PIERS (www.piers.com) and CTS (www.containerstatistics.com)
In its latest World Economic Outlook report the International Monetary Fund (IMF) downgraded its forecast for the US economy in 2014 to 1.7%, from its previous estimate of 2.8%. The main reason for the lower forecast was the weather-hit performance in the first quarter, when GDP declined at an annual rate of 2.9%. As the weather has improved, so has the economy which rebounded with annualised GDP growth in the second quarter of 3.9%.
When reviewing the US economy, the IMF said that the large drag from the first quarter contraction will be difficult to offset, but it does expect growth to pick up through the rest of the year at around 3-3.5% as employment, industrial production, durable goods sales and orders all improve.
Mirroring the IMF?s expectation for improved US economic activity through the remainder of 2014, the National Retail Federation (NRF) is forecasting stronger US retail sales in the second half of the year. The NRF expects second half growth in retail sales (excluding automobiles, gas stations and restaurants) to equal or exceed 3.9%, compared with the 2.9% expansion reported for the first half. The poor start to the year caused the NRF to lower its annual retail sales growth forecast, to 3.6% from 4.1%.
In terms of available ship capacity, there has been very little change since the introduction of the G6 Alliance services in April and May. Despite the much improved demand outlook, carriers actually reduced westbound capacity in July by a fraction, mainly the result of a single missed voyage on the G6 AX1 service.
Figure 3
Westbound North Europe to North America Capacity (?000 teu)

Figure 3
Westbound North Europe to North America Capacity (?000 teu)

Source: Drewry Maritime Research (www.drewry.co.uk)
Figure 4
Eastbound North America to North Europe Capacity (?000 teu)

Source: Drewry Maritime Research (www.drewry.co.uk)
In the previous months carriers had done a fine job of matching supply with demand as our estimates for ship utilisation indicated that ships were full on the westbound leg in March and April before coming down to about 93% in May and June as volumes fell slightly month-on-month.
On the weaker eastbound route, ship load factors have been gradually worsening from around 90% in March before coming down by some 10 points in June.
The trade is unlikely to see any significant capacity changes before the 2M carriers Maersk Line and MSC announce their schedules. The 2M agreement is expected to be finalised by the end of the year so the same network paralysis that accompanied the aborted P3 is likely to ensue.
Figure 5
Westbound North Europe to North America Utilisation v Rates

Sources: Drewry Maritime Research (www.drewry.co.uk) Drewry Container Freight Rate Insight (www.drewry.co.uk/cfri)
Figure 6
Eastbound North America to North Europe Utilisation v Rates
Figure 3
Westbound North Europe to North America Capacity (?000 teu)

Source: Drewry Maritime Research (www.drewry.co.uk)
Figure 4
Eastbound North America to North Europe Capacity (?000 teu)

Source: Drewry Maritime Research (www.drewry.co.uk)
In the previous months carriers had done a fine job of matching supply with demand as our estimates for ship utilisation indicated that ships were full on the westbound leg in March and April before coming down to about 93% in May and June as volumes fell slightly month-on-month.
On the weaker eastbound route, ship load factors have been gradually worsening from around 90% in March before coming down by some 10 points in June.
The trade is unlikely to see any significant capacity changes before the 2M carriers Maersk Line and MSC announce their schedules. The 2M agreement is expected to be finalised by the end of the year so the same network paralysis that accompanied the aborted P3 is likely to ensue.
Figure 5
Westbound North Europe to North America Utilisation v Rates

Sources: Drewry Maritime Research (www.drewry.co.uk) Drewry Container Freight Rate Insight (www.drewry.co.uk/cfri)
Figure 6
Eastbound North America to North Europe Utilisation v Rates
East/West: North Europe-North America
in International Shipping News 22/08/2014


Transatlantic carriers are struggling to raise spot rates despite strong ship load factors and improving demand.
Container demand in the westbound North Europe to North America trade is gaining momentum as traffic rose by 8.4% year-on-year in the second quarter to 729,000 teu. The latest growth spurt follows on from a more modest 3.3% in the first quarter when activity was hampered by severe weather in populous North American cities.
The cumulative growth for westbound container volumes after six months of the year is 6.0%, indicating that the annual growth rate will almost certainly exceed the 2.2% increase recorded for the whole of 2013.
Figure 1
Westbound North Europe to North America Container Traffic (?000 teu)

Source: Drewry Maritime Research, derived from PIERS (www.piers.com) and CTS (www.containerstatistics.com)
Second quarter growth for North American exports to North Europe ? with a bigger emphasis on industrial rather than consumer goods ? was nearly as impressive at 6.6%. However, the flat growth in the first quarter brings down the eastbound trade?s year-to-date growth to 3.3%, roughly on a par with the annual rate achieved in 2013.
Figure 2
Eastbound North America to North Europe Container Traffic (?000 teu)

Source: Drewry Maritime Research, derived from PIERS (www.piers.com) and CTS (www.containerstatistics.com)
In its latest World Economic Outlook report the International Monetary Fund (IMF) downgraded its forecast for the US economy in 2014 to 1.7%, from its previous estimate of 2.8%. The main reason for the lower forecast was the weather-hit performance in the first quarter, when GDP declined at an annual rate of 2.9%. As the weather has improved, so has the economy which rebounded with annualised GDP growth in the second quarter of 3.9%.
When reviewing the US economy, the IMF said that the large drag from the first quarter contraction will be difficult to offset, but it does expect growth to pick up through the rest of the year at around 3-3.5% as employment, industrial production, durable goods sales and orders all improve.
Mirroring the IMF?s expectation for improved US economic activity through the remainder of 2014, the National Retail Federation (NRF) is forecasting stronger US retail sales in the second half of the year. The NRF expects second half growth in retail sales (excluding automobiles, gas stations and restaurants) to equal or exceed 3.9%, compared with the 2.9% expansion reported for the first half. The poor start to the year caused the NRF to lower its annual retail sales growth forecast, to 3.6% from 4.1%.
In terms of available ship capacity, there has been very little change since the introduction of the G6 Alliance services in April and May. Despite the much improved demand outlook, carriers actually reduced westbound capacity in July by a fraction, mainly the result of a single missed voyage on the G6 AX1 service.
Figure 3
Westbound North Europe to North America Capacity (?000 teu)

Source: Drewry Maritime Research (www.drewry.co.uk)
Figure 4
Eastbound North America to North Europe Capacity (?000 teu)

Source: Drewry Maritime Research (www.drewry.co.uk)
In the previous months carriers had done a fine job of matching supply with demand as our estimates for ship utilisation indicated that ships were full on the westbound leg in March and April before coming down to about 93% in May and June as volumes fell slightly month-on-month.
On the weaker eastbound route, ship load factors have been gradually worsening from around 90% in March before coming down by some 10 points in June.
The trade is unlikely to see any significant capacity changes before the 2M carriers Maersk Line and MSC announce their schedules. The 2M agreement is expected to be finalised by the end of the year so the same network paralysis that accompanied the aborted P3 is likely to ensue.
Figure 5
Westbound North Europe to North America Utilisation v Rates

Sources: Drewry Maritime Research (www.drewry.co.uk) Drewry Container Freight Rate Insight (www.drewry.co.uk/cfri)
Figure 6
Eastbound North America to North Europe Utilisation v Rates

Sources: Drewry Maritime Research (www.drewry.co.uk) Drewry Container Freight Rate Insight (www.drewry.co.uk/cfri)
With relatively healthy ship load factors it is perhaps surprising that spot market rates have not increased more than they have in recent months. According to Drewry?s Container Freight Rate Insight, average all-in rates for 40ft containers from Rotterdam to New York increased by only $30 in July to $1,750.
Similarly, carriers are struggling to get much traction with eastbound rates, with Container Freight Rate Insight reporting no change in New York to Rotterdam spot rates at $990/40ft.
Figure 7
Drewry CFRI Rotterdam to New York (US$/40ft container)

Source: Drewry Container Freight Rate Insight (www.drewry.co.uk/cfri)
Figure 8
Drewry CFRI New York to Rotterdam (US$/40ft container)

Source: Drewry Container Freight Rate Insight (www.drewry.co.uk/cfri)
Table 1
North Europe-North America ? Estimated Monthly Supply/Demand Position

Notes: *Based on effective capacity after deductions are made for deadweight and high-cube limitations and then again for out-of-scope cargoes, ie. those relayed to areas outside the range. Where relevant,operational capacities have also been adjusted for slots allocated to wayport cargoes.
Source: Drewry Maritime Research (www.drewry.co.uk)
Our View
Transatlantic spot rates, especially on the headhaul westbound leg, are likely to see only marginal increases in the coming months even though the demand outlook is improving.
Source: Drewry Maritime Research (www.drewry.co.uk/ciw)
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Lucky03
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22-Aug-2014 23:41     
 
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 Alert Admin 		Home / Shipping News / International Shipping News / Bump in container shipping a boon to Canada
Bump in container shipping a boon to Canada
in International Shipping News 22/08/2014


The world?s largest shipping company is seeing signs of stronger global container traffic, something already reflected in activity at several Canadian ports where trading volumes have been on the rise.
On Tuesday, Denmark?s A.P. Moller-Maersk AS said its second-quarter profit nearly tripled from a year earlier to $2.3-billion (U.S.), helped in part by a particularly strong 6.6-per-cent increase in shipping volumes in its container business unit Maersk Line. The company also raised its full-year profit forecast.
?Asia, Europe [region] is up by around 9 per cent, which is much above what you would expect given the economic development,? Nils Andersen, chief executive of Maersk, said on a conference call with analysts. The company has forecast global container demand to grow by 4 to 5 per cent in 2014.
Other major shipping companies such as Hong Kong?s Orient Overseas Container Line (OOCL) and Germany-based Hapag-Lloyd AG have also posted increases in container shipping volumes in recent financial reports.
Global trade is conducted largely at sea. About 80 per cent of internationally-traded goods are sent by ship at some point in their journey, according to The Baltic Exchange, which tracks the maritime market.
And Canada is getting a piece of the action. Trade volume moving in and out of Canada by water is expected to double in 15 to 20 years, according to the Association of Canadian Port Authorities (ACPA). This will be a boon for both shipping companies and the ports that service them.
The growth will be fuelled in part by the country?s aggressive trade strategy, which is expanding access to markets and products offshore, said Wendy Zatylny, president of ACPA. The port authorities, she added, ?are seeking ways to support their customers in getting Canadian goods and resources to new markets.?
Canada?s National Ports System has 18 major port authorities involved in shipping of 310 million tonnes of goods each year. These items include imported electronics and clothing, and exported natural resources, such as lumber, and are valued at more than $162-billion (Canadian) per year.
The Port of Halifax, the closest deep-water port to Europe in North America with 17 shipping lines connected to every European Union country, said it has already benefited from increased traffic. The volume of containerized cargo moving through the port, which also connects to Asia, was up 6.1 per cent in 2013. This is part of a five-year growth trend that officials expect will continue.
The shipping industry endured stormy seas during the recent recession, which depressed trade around the world. The Baltic Dry Index, which tracks transportation costs by sea, has zigzagged through the last few years, but currently sits 89 per cent below its all-time high in 2008.
For transport companies, excess shipping capacity can cause prices to fall. As a result, shippers are using larger vessels and forming alliances to drive economies of scale.
Ports need to invest heavily in infrastructure to support those bigger boats and higher volumes. The Halifax port has spent more than $100-million in upgrades since 2011. This includes modifications to three terminals, new docks and extended piers at its container terminals to accommodate more of these large boats. There are also two new giant shipping cranes for lifting containers.
?The future of the global shipping industry is larger vessels,? said Lane Farguson, spokesman for the Halifax Port Authority. ?We expect that this size of vessel will become the industry workhorses, moving goods up and down the east coast of North America.?
Source: The Globe and Mail
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Lucky03
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22-Aug-2014 23:37     
 
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 Alert Admin 		I always wonder if NOL transports dry bulk commodities such as iron ore, coal, and grain across water...

Home / Shipping News / Dry Bulk Market / Shipping stocks rally as Baltic Dry Index hits 4-month high
Shipping stocks rally as Baltic Dry Index hits 4-month high
in Dry Bulk Market,International Shipping News 22/08/2014


Shares of shipping companies have rallied up to 10% on the bourses after the Baltic Dry Index hit four-month high.
The Baltic Dry Index touched 1,061, its highest level since April 9 2014, has rallied 47% from its recent low of 723 touched on July 22, the Bloomberg data shows. The index has risen nearly over 40% since the start of August.
Shipping Corporation of India (SCI), Mercator, G E Shipping and Chowgule Steamships are up 1-9% on the Bombay Stock Exchange (BSE). While ABG Shipyard (up 10% at Rs 255) and Bharati Shipyard (up 5% to Rs 35) also rallied by over 5% each.
The Baltic Exchange?s Shipping Indexes are widely followed by analysts, money managers, shipping companies and investors because they provide benchmark rates for transporting dry bulk commodities such as iron ore, coal, and grain across water.
Higher shipping rates are generally positive for shipping companies? revenues, which will positively affect earnings, cash flows, and share prices.
Source: Business Standard
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spore1
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22-Aug-2014 22:30     
 
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still not out of the wood. have to be able to take high risk if u want to play this counter..

Lucky03      ( Date: 22-Aug-2014 22:06) Posted:

Would selling APL Logistics be good for NOL?

By Marcus Hand from Singapore

As the losses mount year on year it can be difficult for companies to find a successful strategy to get back on an even keel again. One strategy can be to sell assets or divisions of the group as a whole.

The problem with this strategy often is that the most sellable part of the company will almost certainly be the part that actually makes money, even though it is not the core business.

It would seem to be the position Neptune Orient Lines (NOL) has found itself in after other scenarios have failed to transpire. Consolidation would appear to have been one route for NOL, but it has been unable to achieve this despite some clear attempts over the years since it acquired APL. And endless rounds of cost savings have still left the liner business losing money.

It has also often talked about developing its profitable logistics business to become a much greater part of the overall business, however, it has stuck at just below the 20% mark of revenues for many years now. So it was perhaps no surprise NOL this week clarified that it was looking at a possible sell-off or listing of APL Logistics, although did make it clear any such plans were in very preliminary stages.

Reportedly looking for $750m if it sells, it would be a nice boost for the company. But it is also a one-time thing. An initial public offering (IPO) is a more interesting option as it would keep the logistics arm within the group, albeit diluting its stake, and at the same time provide funds, without taking on more bank debt, for the potential logistics acquisitions NOL talked about at its half year results two weeks ago and hopefully then growing that successful business.

Should it choose to go down the sale route for APL Logistics, and assuming a willing buyer offering the right price, it would leave NOL as a pure play container line, which might make consolidation easier. However, apart from multi-time failed suitor Hapag-Lloyd, which is busy merging with CSAV, it is a little bit hard to see who else might be interested.

Hong Kong-based, Tung family-owned, Orient Overseas Container Line (OOCL) might be a possibility, but given they have found profitability where many others have failed it would seem somewhat unlikely. An IPO for APL Logistics certainly would not solve NOL?s woes but it could well help set it on the right path for the future.
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Lucky03
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22-Aug-2014 22:06     
 
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 Alert Admin 		Would selling APL Logistics be good for NOL?

By Marcus Hand from Singapore

As the losses mount year on year it can be difficult for companies to find a successful strategy to get back on an even keel again. One strategy can be to sell assets or divisions of the group as a whole.

The problem with this strategy often is that the most sellable part of the company will almost certainly be the part that actually makes money, even though it is not the core business.

It would seem to be the position Neptune Orient Lines (NOL) has found itself in after other scenarios have failed to transpire. Consolidation would appear to have been one route for NOL, but it has been unable to achieve this despite some clear attempts over the years since it acquired APL. And endless rounds of cost savings have still left the liner business losing money.

It has also often talked about developing its profitable logistics business to become a much greater part of the overall business, however, it has stuck at just below the 20% mark of revenues for many years now. So it was perhaps no surprise NOL this week clarified that it was looking at a possible sell-off or listing of APL Logistics, although did make it clear any such plans were in very preliminary stages.

Reportedly looking for $750m if it sells, it would be a nice boost for the company. But it is also a one-time thing. An initial public offering (IPO) is a more interesting option as it would keep the logistics arm within the group, albeit diluting its stake, and at the same time provide funds, without taking on more bank debt, for the potential logistics acquisitions NOL talked about at its half year results two weeks ago and hopefully then growing that successful business.

Should it choose to go down the sale route for APL Logistics, and assuming a willing buyer offering the right price, it would leave NOL as a pure play container line, which might make consolidation easier. However, apart from multi-time failed suitor Hapag-Lloyd, which is busy merging with CSAV, it is a little bit hard to see who else might be interested.

Hong Kong-based, Tung family-owned, Orient Overseas Container Line (OOCL) might be a possibility, but given they have found profitability where many others have failed it would seem somewhat unlikely. An IPO for APL Logistics certainly would not solve NOL?s woes but it could well help set it on the right path for the future.
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Lucky03
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22-Aug-2014 21:28     
 
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 Alert Admin 		MEMBER line of the Transpacific Stabilisation Agreement (TSA) plan to levy a US$600 per FEU rate increase to all destinations from September 1.
Wednesday, 20.Aug.2014, 21:55 (GMT)
TSA carriers to increase transpacific rate US$600/FEU from September
MEMBER line of the Transpacific Stabilisation Agreement (TSA) plan to levy a US$600 per FEU rate increase to all destinations from September 1.

"Lines have made modest revenue gains to date this year, but they continue to struggle in terms of returning to profitability," said TSA executive administrator Brian Conrad.

Carriers had filed increases in their individual tariffs in late July and subsequently began notifying customers directly, said the TSA release.

TSA lines said the planned rate increase follows strong cargo demand and high vessel utilisation in recent months, which forward bookings suggest will continue through September.

With equipment, inland transport and other cargo handling costs rising steadily, carriers see higher baseline rates going into 2015 as essential to maintaining adequate service levels over time.

"In most route segments they are operating at or near full capacity with little room for error in managing assets, so this increase is needed as a cushion to cover costs and assure service choice and reliability," said Mr Conrad.
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stevenk
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22-Aug-2014 20:44     
 
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going up

stevenk      ( Date: 20-Aug-2014 20:44) Posted:



stevenk      ( Date: 19-Aug-2014 21:24) Posted:



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sgng123
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22-Aug-2014 17:13     
 
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profit takng by punters in progress, hope next week short covering occurs. It is always a battle between punters and shortist but all these shit would end in 2016 when all trading position must be settled by day end, peep need to put up with 10% of trading limit upfront before they can trade lol, lot of small time punter/shortist would leave market, leaving the play to the big boys. It would be very quiet on forum too since most gro here also leave market in 2016 when u need to put up initial capital to trade. End of contra trade/short coming to end in 2016.
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Lucky03
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22-Aug-2014 12:05     
 
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 Alert Admin 		Accumulation at 1.015-1.02.
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enjoylife77
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22-Aug-2014 08:57     
 
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It may be good news because the sender now must pay additional freight to the shipper for the goods to be returned.
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counter
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22-Aug-2014 06:51     
 
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Where is the source of the article?

enjoylife77      ( Date: 21-Aug-2014 23:22) Posted:

Maersk says large volumes at sea to be returned after Russia food ban
 
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Emak Maersk 210814


A " significant" amount of produce out at sea needs to be returned to its original senders after Russia imposed a ban on food imports from Western countries, a unit of AP Moller-Maersk said in a regular newsletter to shippers - PHOTO: AFP
 




[COPENHAGEN] A " significant" amount of produce out at sea needs to be returned to its original senders after Russia imposed a ban on food imports from Western countries, a unit of AP Moller-Maersk said in a regular newsletter to shippers.

Maersk, the largest containerised shipper in the world through its Maersk Line unit and also a port terminal owner via APM Terminals, did not specify the number of vessels or volume of goods affected by the ban.

Russia imposed the ban earlier this month in retaliation against Western sanctions for its actions in Ukraine, where pro-Moscow rebels are battling government forces. The West accuses Russia of fuelling the rebellion, a charge Moscow denies.

" Maersk Line customers were completely unprepared for these sanctions and since they had effect immediately, a significant amount of cargo at sea needs to be returned," Maersk Line said in the note sent late on Wednesday.

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Lucky03
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22-Aug-2014 00:13     
 
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 Alert Admin 		This sounds fantastic !

sgng123      ( Date: 21-Aug-2014 23:50) Posted:



The news that NOl is unlocking APL logistic through sale or IPO is supporting the share price and with volume building up, soon another round of short covering would occurs next week. Anyone still remember what happen to Natsteel corp when they unlock the value of Natsteel electronic through US listing, parent share price shoot through the roof once listingmade known and later Natsteel electronic got sold off with very handsome reward for share holder, i remember it is like $2 dividend per share lol. Before it unlock it subsidary, natsteel is trading at sub 1.50 range when announced it is listing it subsidary, it shoot up to 4.50. That what happen when u got the subsidary to outperform the parent holding company. Guess all the big boys got the  message from natsteel espisode  and slowly building up their position forthe lucky lottery.

Lucky03      ( Date: 21-Aug-2014 20:57) Posted:

Only 463 lots shorted today at ave price of 1.0193. Worth noting that though NOL closed yesterday at 1.02, the bid price was 1.015 and asking 1.02 with asking volume overwhelmed bid volume. Today closed 1.02 too but bid price was 1.02 and asking 1.025 and volume almost equal each other as the bid volume built up in the afternoon to closing. That is a sign of relative strength and the volume unlikely to be sustained by retail or intra-day traders. Clear indication of institutional investors accumulating.
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Lucky03
Elite
22-Aug-2014 00:11     
 
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 Alert Admin 		PUBLISHED AUGUST 21, 2014
Eurozone economy holds onto timid recovery: survey
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[BRUSSELS] A timid economic recovery in the eurozone is still holding, a closely-watched survey showed on Thursday, but at a pace that promises only negligible growth for the year.
The latest data pushed down eurozone government borrowing costs, with traders more confident that the European Central Bank will take extra measures to inject cash into the single-currency zone.
"The eurozone economy continued to make steady progress in August, as the region looks to bounce back following the recent weaker-than-expected GDP (gross domestic product) readings," said Rob Dobson, senior economist at the private Markit research group that published the data.
Still, the bloc looks set "to register growth of only around 0.3-0.4 per cent in the third quarter, a level that is unlikely to stimulate any real turnaround in the labour market," Mr Dobson added.
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Lucky03
Elite
22-Aug-2014 00:08     
 
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 Alert Admin 		[WASHINGTON] A gauge of future US economic activity rose more than expected in July, boosting hopes of stronger growth in the second half of the year.
The Conference Board said on Thursday that its Leading Economic Index increased 0.9 per cent last month after an upwardly revised 0.6 per cent rise in June.
Economists polled by Reuters had expected the index to gain 0.6 per cent after June's previously reported 0.3 per cent increase.
"The economy is gaining traction and growth should continue at a strong pace for the remainder of the year," said Ataman Ozyildirim, an economist at The Conference Board.
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Lucky03
Elite
22-Aug-2014 00:04     
 
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 Alert Admin 		PUBLISHED AUGUST 21, 2014
US factory activity expands at fastest pace in over 4 years in Aug: Markit
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[NEW YORK] The US manufacturing sector expanded in August, with the rate of growth exceeding expectations and moving at the fastest pace in more than four years, an industry report showed on Thursday.
Financial data firm Markit said its preliminary or "flash" US Manufacturing Purchasing Managers Index rose to 58 in August, which was its highest since April 2010, from 55.8 in July. Economists polled by Reuters expected a reading of 55.7.
A reading above 50 signals expansion in economic activity.
The output subindex jumped to 60.2 from last month's 59.7.
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sgng123
Supreme
21-Aug-2014 23:50     
 
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The news that NOl is unlocking APL logistic through sale or IPO is supporting the share price and with volume building up, soon another round of short covering would occurs next week. Anyone still remember what happen to Natsteel corp when they unlock the value of Natsteel electronic through US listing, parent share price shoot through the roof once listingmade known and later Natsteel electronic got sold off with very handsome reward for share holder, i remember it is like $2 dividend per share lol. Before it unlock it subsidary, natsteel is trading at sub 1.50 range when announced it is listing it subsidary, it shoot up to 4.50. That what happen when u got the subsidary to outperform the parent holding company. Guess all the big boys got the  message from natsteel espisode  and slowly building up their position forthe lucky lottery.

Lucky03      ( Date: 21-Aug-2014 20:57) Posted:

Only 463 lots shorted today at ave price of 1.0193. Worth noting that though NOL closed yesterday at 1.02, the bid price was 1.015 and asking 1.02 with asking volume overwhelmed bid volume. Today closed 1.02 too but bid price was 1.02 and asking 1.025 and volume almost equal each other as the bid volume built up in the afternoon to closing. That is a sign of relative strength and the volume unlikely to be sustained by retail or intra-day traders. Clear indication of institutional investors accumulating.

counter      ( Date: 21-Aug-2014 09:07) Posted:



I predict that the lots shorted today will be higher than that of yesterday. But then again, that does not necessarily mean a fall in the price.


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enjoylife77
Veteran
21-Aug-2014 23:22     
 
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Maersk says large volumes at sea to be returned after Russia food ban
 
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Emak Maersk 210814


A " significant" amount of produce out at sea needs to be returned to its original senders after Russia imposed a ban on food imports from Western countries, a unit of AP Moller-Maersk said in a regular newsletter to shippers - PHOTO: AFP
 




[COPENHAGEN] A " significant" amount of produce out at sea needs to be returned to its original senders after Russia imposed a ban on food imports from Western countries, a unit of AP Moller-Maersk said in a regular newsletter to shippers.

Maersk, the largest containerised shipper in the world through its Maersk Line unit and also a port terminal owner via APM Terminals, did not specify the number of vessels or volume of goods affected by the ban.

Russia imposed the ban earlier this month in retaliation against Western sanctions for its actions in Ukraine, where pro-Moscow rebels are battling government forces. The West accuses Russia of fuelling the rebellion, a charge Moscow denies.

" Maersk Line customers were completely unprepared for these sanctions and since they had effect immediately, a significant amount of cargo at sea needs to be returned," Maersk Line said in the note sent late on Wednesday.
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