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Biz Times june 26..Valuetronics to expand Post Reply Rate topic
sgng123 Supreme	07-Aug-2014 19:41        sgng123 About Contact  Quote this Post!
x 0   x 0  Alert Admin	In the loss again, look like the info provided in NOL website also not so accurate but i might be wrong as the flee info is posted in end june. but again looking at the financial report in 2Q, operating cost per FEU increase a bit due to congestion and added cost of the truck service losses reduced compare YoY. The average revenue per feu  remain roughly the same as 2013, no slot cost reduction came as  surprise to me but well it might be the management plan not to deploy those fuel efficient ships in 2Q. 2014 full year would be lucky to small losses or breakeven but again finger crossed. hand off ship for time being till clearer picture about the 3Q peak season become known, currently in Jul it is strong volume at transpacific t oexplain the successful Aug GRI in transpacific. Hope the labor dispute at west coast and port congestion would ease soon to see a better 3Q result. Ship always surprise us with heart attacks. Now the management ass gonna be on fire from all side and temasek would grind them badly lol.
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enjoylife77 Veteran	07-Aug-2014 19:27        enjoylife77 About Contact  Quote this Post!
x 0   x 0  Alert Admin	The worst is yet to be.
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RoundRound Elite	07-Aug-2014 18:14        RoundRound About Contact  Quote this Post! Style: Flexible   Mood: Yells: "Tikam Tikam can also"
x 0   x 0  Alert Admin	Do not really come to this thread as it is mainly used by 2 regulars, Lucky03 abd earlybird14, keep posting technical terms and news on and on. ....I can sleep through all of it. Without Temasek supporting, NOL would be non-existence today, I believe
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halleluyah Supreme	07-Aug-2014 17:59        halleluyah About Contact  Quote this Post!
x 0   x 0  Alert Admin	in the loss again....
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Trespasserx Senior	07-Aug-2014 17:57        Trespasserx About Contact  Quote this Post!
x 0   x 0  Alert Admin	Ai yo yo... No eye see haha
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granto Master	07-Aug-2014 17:47        granto About Contact  Quote this Post!
x 0   x 0  Alert Admin	&lsquo More to do,&rsquo says NOL boss on latest losses:  http://www.seashipnews.com/News/&lsquo More-to-do-&rsquo -says-NOL-boss-on-latest-losses/3w3c2498.html
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counter Veteran	07-Aug-2014 10:05        counter About Contact  Quote this Post! Style: Fundamental   Mood:
x 0   x 0  Alert Admin	Indeed, NOL has not performed as well as a few other shipping firms but no bro in this forum has disputed this. It is good to compare the performance of NOL with those of other shipping firms. However, as an investor, it is more meaningful to compare their performances relative to their current prices, which is something that you have largely ignored. For instance, Maesrk&rsquo s share price fell from 12890DKK to 12830DKK yesterday which is a fall of 0.54%. In contrast, NOL&rsquo s share price held steady at $0.95 yesterday. This is despite that fact that Maersk has been performing better than NOL. What is your opinion on this? earlybird14      ( Date: 07-Aug-2014 09:24) Posted: i really hope their management do their job. My comparison among the competitors in Europe and Asia, NOL was one of the worst which majority breakeven in 2012 but NOL still made loss. Result may release today after hours, good luck. counter      ( Date: 07-Aug-2014 09:15) Posted: I am comparing the Q2 result  and the management guidance quarter-on-quarter.
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earlybird14 Supreme	07-Aug-2014 09:24        earlybird14 About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	i really hope their management do their job. My comparison among the competitors in Europe and Asia, NOL was one of the worst which majority breakeven in 2012 but NOL still made loss. Result may release today after hours, good luck. counter      ( Date: 07-Aug-2014 09:15) Posted: I am comparing the Q2 result  and the management guidance quarter-on-quarter. earlybird14      ( Date: 07-Aug-2014 08:46) Posted: 2012 freight rate  average was 1.7times higher compared to now. May be you can think situation is changed due to new container vessels and restructure plan.
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counter Veteran	07-Aug-2014 09:15        counter About Contact  Quote this Post! Style: Fundamental   Mood:
x 0   x 0  Alert Admin	I am comparing the Q2 result  and the management guidance quarter-on-quarter. earlybird14      ( Date: 07-Aug-2014 08:46) Posted: 2012 freight rate  average was 1.7times higher compared to now. May be you can think situation is changed due to new container vessels and restructure plan. counter      ( Date: 07-Aug-2014 08:33) Posted: Anyway, given the recent encouraging economic and shipping data, I would be surprised if there is no improvement in the mangement guidance, taking into account that it was negative in the previous quarter.
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earlybird14 Supreme	07-Aug-2014 08:46        earlybird14 About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	2012 freight rate  average was 1.7times higher compared to now. May be you can think situation is changed due to new container vessels and restructure plan. counter      ( Date: 07-Aug-2014 08:33) Posted: Anyway, given the recent encouraging economic and shipping data, I would be surprised if there is no improvement in the mangement guidance, taking into account that it was negative in the previous quarter.
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counter Veteran	07-Aug-2014 08:33        counter About Contact  Quote this Post! Style: Fundamental   Mood:
x 0   x 0  Alert Admin	Anyway, given the recent encouraging economic and shipping data, I would be surprised if there is no improvement in the mangement guidance, taking into account that it was negative in the previous quarter.
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counter Veteran	07-Aug-2014 08:28        counter About Contact  Quote this Post! Style: Fundamental   Mood:
x 0   x 0  Alert Admin	I am well aware of the many other factors that one needs to take into consideration. Given the load of information in this forum which is often repetitive, the problem is not one of remembering the factors, but more of how to  forget them :) However, that does not mean that we caanot consider one factor at a time. The factor that I am considering here is the profitability of NOL in Q2, OTHER THINGS BEING EQUAL. Lucky03      ( Date: 07-Aug-2014 08:01) Posted: Share price is often a reflection of future prospect but it does take a dive or a spike if the current result reporting is out of expectation to either side. I believe there are many who do not believe NOL will turn in profit anytime soon so that helps to set expectation. More important is NOL mgmt's guidance for the business outlook and their sharing of plan to improve performance. There are industry benchmark that a company CEO has to make all effort to match or excel. Anything lesser is considered failure even if it is profitable as investor money will flow to whichever appears more promising. So, besides the $$$, I'll look out for their guidance, cash flow and industry trend to gauge the potential of the future. counter      ( Date: 07-Aug-2014 07:45) Posted: Bro Lucky03, Earlybird was right to point out that some of the information on improvements in the shipping industry that you posted would not affect NOL' s Q2 result as they occured after June. However, they are likely if not certainly to have  a positive impact the the performance of NOL in subsequent quarters. Therefore, in my view, a siginificant reduction in losses and not necessary a profit, would be sufficient to drive the share price up from the current level, other things being equal. What is your view on this?
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Lucky03 Elite	07-Aug-2014 08:01        Lucky03 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Share price is often a reflection of future prospect but it does take a dive or a spike if the current result reporting is out of expectation to either side. I believe there are many who do not believe NOL will turn in profit anytime soon so that helps to set expectation. More important is NOL mgmt's guidance for the business outlook and their sharing of plan to improve performance. There are industry benchmark that a company CEO has to make all effort to match or excel. Anything lesser is considered failure even if it is profitable as investor money will flow to whichever appears more promising. So, besides the $$$, I'll look out for their guidance, cash flow and industry trend to gauge the potential of the future. counter      ( Date: 07-Aug-2014 07:45) Posted: Bro Lucky03, Earlybird was right to point out that some of the information on improvements in the shipping industry that you posted would not affect NOL' s Q2 result as they occured after June. However, they are likely if not certainly to have  a positive impact the the performance of NOL in subsequent quarters. Therefore, in my view, a siginificant reduction in losses and not necessary a profit, would be sufficient to drive the share price up from the current level, other things being equal. What is your view on this? earlybird14      ( Date: 06-Aug-2014 09:52) Posted: All your flooded info are not really related for last quarter result which is recorded from March to June only. Anyway, good luck for the result.
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counter Veteran	07-Aug-2014 07:45        counter About Contact  Quote this Post! Style: Fundamental   Mood:
x 0   x 0  Alert Admin	Bro Lucky03, Earlybird was right to point out that some of the information on improvements in the shipping industry that you posted would not affect NOL' s Q2 result as they occured after June. However, they are likely if not certainly to have  a positive impact the the performance of NOL in subsequent quarters. Therefore, in my view, a siginificant reduction in losses and not necessary a profit, would be sufficient to drive the share price up from the current level, other things being equal. What is your view on this? earlybird14      ( Date: 06-Aug-2014 09:52) Posted: All your flooded info are not really related for last quarter result which is recorded from March to June only. Anyway, good luck for the result. Lucky03      ( Date: 06-Aug-2014 07:57) Posted: 2 more days and we will see if NOL benefited from some of these positive developments.
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Lucky03 Elite	07-Aug-2014 01:41        Lucky03 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Trans-Pacific benchmark rate hits 13-month high An Aug. 1 general rate increase and high peak-season volumes heading to the U.S. pushed spot rates from Asia to the U.S. to their highest levels this year.
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Lucky03 Elite	06-Aug-2014 22:59        Lucky03 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Certainly hope that I should be able to continue to post similar growth stories if indeed the growth stories are true ! THE global forwarding market declined in value 3.3 per cent year on year in 2013, but the outlook through to 2017 is much improved, according to the UK's Transport Intelligence. Tuesday, 05.Aug.2014, 21:37 (GMT) Forwarding market value declines 3.3pc, but good times ahead: Ti study THE global forwarding market declined in value 3.3 per cent year on year in 2013, but the outlook through to 2017 is much improved, according to the UK's Transport Intelligence. Ti's Global Freight Forwarding 2014 study found that the sector's earnings in 2013 were still behind the highs of 2011 and operating profits had fallen during the same period. But Ti concluded that the forwarding market would recover as the excess of ships and freighters was reduced by higher demand, helping boost margins and rate stability. "Forwarders have had a few tough years. But those able to up their game will flourish in the years ahead," said Ti analyst Cathy Roberson, the report's lead author. "The outlook through to 2017 remains positive with forecasted growth of 6.7 per cent compound annual growth rate (CAGR) over 2013-2017 led by growth in ocean forwarding," said the 177-page report. Ms Roberson said forwarders were also increasingly seeking out new areas of growth to bolster bottom lines. "Regionalisation" had caused a shift in growth from east-west flows to more complex trade routes with links to emerging markets and additional complexity added by near-sourcing and protectionist policies, she said. Forwarders, noting these shifts, have identified area where they can achieve most growth. "So there is more focus on emerging markets and also as perishables and healthcare." To this, Ms Roberson added game changing factors such modal shifts and IT systems upgrades, providing global visibility and often by using cloud-based technology. "They are offering customers more options on more lanes by expanding LCL by sea, or using air-sea systems, and also by offering road options such as road/rail which are particularly important as regionalisation grows," she said.
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Lucky03 Elite	06-Aug-2014 22:55        Lucky03 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Size matters and it may be a matter of time NOL will be merged with some player. MISSOURI investment bank Stifel says the freight forwarder market is consolidating around larger companies in what appears to be a solidifying trend, reports Lloyd's List. Tuesday, 05.Aug.2014, 21:36 (GMT) Big forwarders get bigger and beat market ocean freight averages MISSOURI investment bank Stifel says the freight forwarder market is consolidating around larger companies in what appears to be a solidifying trend, reports Lloyd's List. The top 10 forwarders have 20 per cent of the market, said the St Louis investment bank. "There is still share to be taken from smaller forwarders unable to keep up with regulations and technology, as well as carriers and shippers preferring to deal with fewer forwarders," said Stifel. "Steamship lines continue to add mega vessels faster than capacity is removed. The recent scrapping of the P3 alliance means it should take longer to bring supply back in line with demand. 2M may help, but not immediately. "Low rates that stay low depress forwarder profitability, It's harder to get a higher profit per TEU on a US$1,000 container move than on a $3,000 container move as the forwarder work and investment is the same," said the bank. "Volatility is generally good for forwarders, as is significant market growth, but higher carrier rates should be the reason for the next step up in industry margins, in our view," said Stifel. Denmark's DSV and Germany's DB Schenker forwarders are the latest to post above quarterly market average growth - three to five per cent- of ocean freight volume Kuehne + Nagel's second quarter volumes increased by eight per cent year on year while Panalpina reported nine per cent growth. DB Schenker saw first half box numbers increase by 8.5 per cent year on year to 988,000 TEU while DSV posted a nine per cent year-on-year increase in the second quarter to 216,044 TEU.
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Lucky03 Elite	06-Aug-2014 22:47        Lucky03 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Whatever the Q2 result tomorrow, Hapag may be ready to start looking hard to woo Tamesek to let go NOL ... US authorities approve merger of CSAV and Hapag-Lloyd By Michele Labrut from Panama The Department of Justice and the Federal Trade Commission of the United States have granted clearance to the merger of the container shipping business of Chilean Compañía Sud Americana de Vapores (CSAV) and Hamburg-based Hapag-Lloyd. This is part of the consultation process to regulatory authorities that both companies are carrying out in order to merge their container businesses. The owners of Hapag-Lloyd are the City of Hamburg (36.9%), Kühne Maritime (28.2%), TUI (22%), Signal Iduna (5.3%), HSH Nordbank (2.9%), an investor pool led by M.M.Warburg & CO (2.9%) and HanseMerkur (1.8%). Quiñenco, the Luksic family?s holding, became part of the ownership of CSAV in 2011 and, after a several capital increases, the group became the legal comptroller of the company, currently with 50.9% of the ownership. CSAV and Hapag-Lloyd signed last April a binding agreement, whose materialisation is subject to the approval of regulatory authorities around the world.
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Lucky03 Elite	06-Aug-2014 18:07        Lucky03 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Ha ! ) Trespasserx      ( Date: 06-Aug-2014 17:32) Posted: In the past, seriously, I think some of yr pov is really valid and insightful.. But lately I start to concur with what other forumers are saying that u getting a bit desperate in your argument... Dilution? You might as well say you put one packet of 3 in 1 coffee with 2l of water haha earlybird14      ( Date: 06-Aug-2014 17:19) Posted: So what should NOL holder worry? dilution!
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counter Veteran	06-Aug-2014 17:40        counter About Contact  Quote this Post! Style: Fundamental   Mood:
x 0   x 0  Alert Admin	Bro earlybird,if one pushes his argument too hard and too far, he may perceived to be emotional. counter      ( Date: 31-Jul-2014 10:59) Posted: I don' t agree with you on all the points. First, if the rights issue is carried out to reduce debt, the gearing ratio will decrease and hence it may not necessary be perceived to be bad, profitability aside. Indeed, it may perceived to be desirable given the high debt level of NOL. The have been instances of companies selling some of their assets to reduce debt and the market takes it positively depsite the negative effect on the profitablity.  I know the difference between sale of assets and rights issue but this is not the point here. The point here is the level of debt. Second, if the rights issue is carried out to finance the loss, it is likely to be perceived to be bad. However,  this is based on your assumption that NOL will continue to make losses for a long time despite the rising volume in the shipping industry and the recovery of the US economy. This is something that many bros in this forum, inclduing me, beg to differ. If your assumption does not hold true, then your anaylsis is flawed, which in my view, is the case here. Third, existing shareholders may be able to exercise to sell their rights and this is exactly what I did with Olam International in the Carson Block saga (as a side note, seeing that Olam is trading around 2.5 now, my heart goes out to Carson Block). Therefore, existing shareholders may not necessary sell their shares. I did not sell my Olam shares in the rights issue exercise. earlybird14      ( Date: 31-Jul-2014 09:07) Posted: Private placement for business expansion, fund use for further investment to increase revenue and profit. Right issue like NOL, fund use for paying the debt or the loss like what they did for headquarter sales,400million all gone. NOL stated the money was used for paying new vessels. But Question!, where the money coming from for the 1 Billion loss in past few years? If right issue is materialise, the fund will go to the debt and may be the continual loss in next 2 to 3 years. For this type of right issue, will it has positive affection? Furthermore, the price for right issue is set at lower discounted price as compared to market trading price to attract the existing holders to exercise their right to subscribe the new share. After the subscription, the market trading price will be depressed. So long as market tradin price higher than the discounted subscription price, it will attract the existing holders to sell the share with profit since majority are forced to subscribe to prevent their shareholding being diluted, slight profit will encourage them to cash out or even throw all their holding to achieve breakeven. NOL daily trading volume is merely 1800k which is only 0.07%  of outstanding share, for the market to digest these portion of holders may take very long time. Especially, in this uncertain environment for NOL, how long will all existing holders trap below current price is unknown too. it may be 2 years, 3 years or even longer. Will dilution come again and again like Chartered Semicon till Temasek also cannot tolerate and sold it away with big loss? I am talking the worst situation, it may not be happen but compare to other shares in SGX, NOL is the one holding the highest chance to repeat the history of Chartered Semi Con.
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