| Latest Forum Topics / Olam Intl |
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Bring back the glory days of ISDN
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rainbowman
Senior |
28-Jul-2021 07:54
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Received full allotment, including excess.
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flylow6
Senior |
27-Jul-2021 21:53
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Have not receive refund also.. maybe tomorrow six then Update the status.
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CheeryVGoh
Supreme |
27-Jul-2021 20:47
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Anyone received refunds? I have not received. Think rights share will only be credited tomorrow before trading starts.  
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KelWCL
Member |
27-Jul-2021 14:45
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I have exercised the rights entitlement payment. Thanks for your feedback.  | ||||||||||||||||||||||||||||||||
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rainbowman
Senior |
27-Jul-2021 12:33
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If you have paid $1.25 to subscribe for the rights, you will be able to trade it as normal shares tomorrow onwards.
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f16force
Senior |
27-Jul-2021 12:31
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Olam rights issue already over.... tomorrow the rights shares will begin trading have you exercised your rights entitlement by paying $1.25 per rights share?
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KelWCL
Member |
27-Jul-2021 12:12
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Hi, I am new to Olam rights issue. Just check with anyone of you whether the rights issued to me will expire or will they become normal shares on the day of trading ? Thanks ! | ||||||||||||||||||||||||||||||||
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PhillipTan
Supreme |
26-Jul-2021 22:57
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Seems slow lol
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beng1102
Elite |
26-Jul-2021 22:14
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No.  No change in holdings.
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shadow
Veteran |
26-Jul-2021 18:26
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Anyone gotten their allotment already ? Just checked CDP account no update yet  |
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beng1102
Elite |
26-Jul-2021 12:11
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Todays' trading is affected by DOW future.  Most stock are down so individual is just following the poor market sentiment.  In fact this stock is still more bullish compares to others.
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PhillipTan
Supreme |
24-Jul-2021 19:59
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You don' t need to hold shares to do short sell, just borrow them to sell A lot of shares in custodian accounts available for lending Custodian brokers do not need your permission to lend shares for shorting It may drop even further, but once shorting is over and they start covering, the price will go up very fast  
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rainbowman
Senior |
24-Jul-2021 12:12
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It's likely that Mit sold away their 17% rights entitlements. Who are the buyers is interesting (could be T?). Valid acceptances of 84% is strange ( foreign registered not allowed). If T didn't mop up all rights, net effect is greater free float due to public subscription of excess rights. Is that a condition precedent to IPO? Wild guess only....lol
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Joelton
Supreme |
24-Jul-2021 10:28
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Olam rights issue 118% subscribed, raises $601.7 mil
Olam International has raised $601.7 million in gross proceeds through its right issue, with a total of 482.4 million shares to be issued at $1.25 per share.
 
The company had announced the three-for-20 rights issue on June 22, to be fully sub-underwritten by major shareholder Temasek.
In a filing to the Singapore Exchange on July 22, Olam disclosed that the rights issue was subscribed by 118.2%.
 
Proceeds from the rights issue will largely be used to partially repay the two-year committed loan facility aggregating US$1 billion ($1.34 billion), along with accrued interest. The loan was used to finance the acquisition of OT Holdings Corp (Olde Thompson), which was completed at an enterprise value of US$950 million.
 
The rights shares are expected to be listed on the SGX-ST on July 28.
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f16force
Senior |
24-Jul-2021 08:41
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Mitsubishi is giving existing shareholders a bonus, for those who subscribe for excess rights shares.......
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sutiono
Veteran |
24-Jul-2021 08:28
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Monday should see below 1.30 for sure. | ||||||||||||||||||||||||||||||||
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ysh2006
Supreme |
24-Jul-2021 07:30
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Mitsubishi don't want buy Olam right why don't cast against vote in EGM but want to dilute it holding ? Market price is now 13c above right can contra and make profit rather than now loss for nothing...? | ||||||||||||||||||||||||||||||||
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Oxtail
Member |
24-Jul-2021 04:20
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Oxtail
Member |
24-Jul-2021 04:08
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There is nothing to short.  The only people who can sell is the shareholders. But it is unlikely that shareholder will sell at a loss since  1) company is still making profit 2) There is potential IPO in the near future  3) You still need food comodity during pandemic ,right ?  Most people will keep their shares.  Those who short cant influrence the price anymore. Their fate depends on the shareholders. This is very dangerous.  IF there is ENOUGH buyers on monday opening, that' s it. They can either buy back, or suck it up, pay lending fee and wait.  Either way is good for shareholders.  If there is no lending pool, the price will only go up (dictate by shareholders only) If they buy back, it will push the price even furthur up If you want a dividend of 5% and taking last year of 8 cents, the price of olam is $1.60 Olam share will rocket up all the way till on next wednesday.  In fact, this reminds me of gamespot.   
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shadow
Veteran |
24-Jul-2021 00:30
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I am sure MIT also counting on Olam to list their 2 IPOs to recoup back their loses too.  
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