| Latest Forum Topics / Neptune Orient L Rg |
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NOL
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Sharemaker
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08-Dec-2015 16:52
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1) What 1 of the shareholder, Manor ask in last EGM on APL sales, is " NOL is doing a national service?" . The CEO denied strongly and saying NOL will not be sold at a distressed price. Now look like NOL is doing a national service to protect PSA business and related jobs from moving out. CMA is setting up a regional HQ after this takeover meaning they will be here for a long time. This is a trade-off else TH will not agree to such low distressed price. TH will earn from not losing PSA deal while minority shareholders will just be short-change. So the liars of all - CEO. 2) As to whether to sell or buy is pure speculative on regulatory risk or any surprising like CMA back-off with $100mil penalty or new competing bids spring-up. Anyone can sell below $1.30, forget the risk, recycle cash to buy another potential winner or even the same counter if it goes lower. Shortist will also take this window opportunity to buy from willing seller to close short their position, pay interest, re-adjust their account limits and play other counter. For those not aggressive, simply just hold. It' s always a trade-off. Maybe if you got deadwood share, can take this opportunity to sell and buy it for some profits. 3) For takeover, offeror can buy lower prices only during offering period. But the difference is 1-2 cents for those who want fast cash as they also want your share faster. Else those who accepted the offer will take 1 month. If offeror got over 90% and below 95%, then need SGX approval to suspend the counter, offeror make another final offer normally same price and then delist else delisting is not mandatory but due to low liquidity, share price is likely not to move at all. Above 95% they can delist without SGX approval or offer. After this, you follow their private limited laws. Most likely, you may hear for them if it is a good company else gone case, they may ignore you. I have a case of Synear Food which I forgot to accept their exit offer - No news from them after this. So advise is don' t ignore the offer letter. 4) Finally, a good company in the hand of bad managers will also be bad durian, isn' t it? Such is a great example of NOL management. Anyway, they won' t be unemployed, just re-deployed !!! |
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halleluyah
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08-Dec-2015 16:44
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Pity those bot high n still holding on hope fr shipping recovery...
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earlybird14
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08-Dec-2015 16:42
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Yup, agree, nol management is totally a crap. Simply cannot understand why they can make 4-5 years loss when other still manage to profit, breakeven in last few years.
Yesterday watch news, see the ceo face also want to vomit, he was there just to dissolve nol, sell this sell that, end up sell the whole company, really lose face, selling nol is indirect telling the world singaporean can't make it. Hope next one will not be sia.
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lglg666
Supreme |
08-Dec-2015 16:41
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Confirmed...everyone to vent whatever you felt to both TH and NOL management, lol. They will get a big bonus, so only right they should feel the shareholders' frustration.
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lglg666
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08-Dec-2015 16:37
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Crap management I guessed, what I meant is they are really good as scholars but they made lousy businessmen lol. Complete total screwballs. Thanks bro.
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earlybird14
Supreme |
08-Dec-2015 16:25
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You should be happy that there is a deal and this deal is still valued higher than market price 1.225. Now 1.3 offer, because long waiting, market price at 1.21-1.22.
What is the consequence if below 1.3 or no deal? Will you be happy to see like what other longists claim that without higher than nav, temasek shall not agree any deal. No deal or deal lower than 1.3, we will just see this thread flooded with regret and cursing. What a shame, when temasek doing their best to protect their benefit at the same time retailers benefit, retailers still expect a unreasonable price which will never happen at all. Maersk walked out because they cannot accept 1.3 at all. This is how world no 1 valued nol. Cma has already offer a premium price which is widely agreed by analysts.
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HazardKoh
Master |
08-Dec-2015 16:21
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There is a difference between SIA buying over tigerair from ALL shareholders and CMA buying over NOL from Temasek which then trigger a GO
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HazardKoh
Master |
08-Dec-2015 16:20
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Tigerair is buying from ALL the shareholders while CMA only buys from Temasek and THEN after getting all the approval, then extend to the rest.. I dig out my old post to show u
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earlybird14
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08-Dec-2015 16:14
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Aiya, who ask nol got so many story behind.
They failed to merge hapag llyolds before and cause the drop, who know this time got anything special to happen. 夜 长 , 梦 就 多
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dingbat
Veteran |
08-Dec-2015 16:14
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Sorry there are such bad sports here. Many bought above the current mkt price and are now stuck because of TH' s basement bargain price. Please channel your anger at the source of your problems, TH and NOL, not the layman commentators. We all believed it would at least be worth the NAV 1.38 and having to wait for half a year for low returns [those who trapped at 1.23] makes it doubly painful. TH should just buy everyone out at a price above 1.25  or face alot irate shareholders at the agm. Can anyone explain how tigerair was able to get its full selling price on the open mkt as someone said but not NOL
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lglg666
Supreme |
08-Dec-2015 16:12
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Look like a "goner" even at this trading range of 1.21 to 1.23 while the CMA offer price is at 1.30 | ||||
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sgng123
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08-Dec-2015 15:57
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wow still got so many bor on this one, it is a sealed deal as long regulators approved it which is highly possible since the merger market share in all 3 trade lane is less than 30%. Short covering and pure short anger on TH shortchanging investor account for big volume today. In BT it had been speculated TH accept offer cos they wanna do national service at the expense of investors. This gona boil for some time and NOL management would get it in AGm next year. |
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HazardKoh
Master |
08-Dec-2015 15:40
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those who shouted $1.50, $2 now resort to cursing my mother... hai...
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HazardKoh
Master |
08-Dec-2015 15:37
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Wow.. This guy pm me and curse my mum... |
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earlybird14
Supreme |
08-Dec-2015 14:57
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depend on individual risk management. doubt if anybody can cash out 1-1.2 if a cancellation happen. APL logistic sold, market speculate potential dividend, price up around 1.2, after no dividend, price down to 0.8, then rumour out and said temasek put NOL on sales, price move up to around 1, when deal come closer, insider got news on hand, price up to above 1.2. So what will be the price is cancellation happen? highly likely before the rumour out which is around 0.8-0.9. If the deal doesn' t last half year, all can celebrate 1.3. But since it last half year, it become a choice if want to cash out now with 6% less or hold 6 months with potential risk for the 6%.  Always a choice.
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ttimer
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08-Dec-2015 14:49
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Eb you are right the sh pr will definitely dip if deal nogo but at least longest will still be hopeful..on the first sign it happen most bro at 1 to 1.2 would have cash out already. . | ||||
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ttimer
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08-Dec-2015 14:43
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Huataarrh, CMA already price in all the risks, that is why NOL got twisted right left centre to end up at this price, it is more strategic than based on share price. Everybody knowd NOL is worth more than that.The current buying is probably consolidation by Bb or CMA or smalltime investors. | ||||
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earlybird14
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08-Dec-2015 14:42
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I doubt so seriously. if deal is cancelled or terminated, NOL likely stay below 1 through the whole container shipping down cycle.
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ttimer
Member |
08-Dec-2015 14:32
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EB, 100mil is payable by offeror, if that happen, the faithful longist investor will be jumping for joy, at least there might still be a slim chance that another CEO might steer( pun intended) NOL into profitability. | ||||
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polarinda
Master |
08-Dec-2015 14:27
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a bit like chelsea buying Falcao from Man utd |
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