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NOL
spore1
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08-Dec-2015 12:03     
 
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 Alert Admin 		Not much meat left .. think is better to consider bonds that offer more than 5% yield which is safer
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Juzbig
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08-Dec-2015 12:02     
 
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 Alert Admin 		EB, offer of S$1.30 is for each NOL share. Which means is to all NOL share holders,

"CMA CGM, the world?s third-largest shipping line, said on Monday it had agreed to buy the 67% stake in NOL held by Temasek Holding Pte., Singapore?s state investment firm, for 1.3 Singapore dollars a share. As part of the deal, it will also offer to buy the other 33% of the company, which consists of publicly traded shares, at the SAME PRICE, for a total consideration of 3.38 billion Singapore dollars, or US$2.42 billion." - source from WSJ

DONTBEEVIL      ( Date: 08-Dec-2015 11:56) Posted:



I thought they must offer the remaining shareholders to sell to CMA at $1.30? 

Please confirm before any how post... Otherwise...

earlybird14      ( Date: 08-Dec-2015 11:43) Posted:

It only happen when cma cannot privatise nol. Once have 67% from temasek, another 8% can be easily acquired from other major share holders.

I doubt cma can't collect the 8%. Once move to privatise, retailers share cannot be sold at open market, you only can accept cash out or just hold the share.

Bear in mind, since not listed anymore, the only potential buyer is cma only, the share is equal to paper if don't sell
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earlybird14
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08-Dec-2015 12:01     
 
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 Alert Admin 		I really doubt so.

Long ago, there was a privatise case as well. Buy block was built till privatised successfully, those refuse to sell, was played by the companies by offering even lower level by posting a mail to their house, they kpkp here.

So i really doubt so 1.30 for all, 1.30 is for temasek sell to cma, if cma want to buy the rest, now they can just go open market to buy 1.21-1.22 now, why offer 1.30?

Nol is not fantastic company, market also no fantastic, whatever the collect is a saving to their company, they are also not a listed company, don't need to report after delist nol.

So, those holding, can just hold and hope 1.30 can be offered, but those buy and hope for 1.30, it may be not wise to do so.

DONTBEEVIL      ( Date: 08-Dec-2015 11:56) Posted:



I thought they must offer the remaining shareholders to sell to CMA at $1.30? 

Please confirm before any how post... Otherwise...

earlybird14      ( Date: 08-Dec-2015 11:43) Posted:

It only happen when cma cannot privatise nol. Once have 67% from temasek, another 8% can be easily acquired from other major share holders.

I doubt cma can't collect the 8%. Once move to privatise, retailers share cannot be sold at open market, you only can accept cash out or just hold the share.

Bear in mind, since not listed anymore, the only potential buyer is cma only, the share is equal to paper if don't sell
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DONTBEEVIL
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08-Dec-2015 11:56     
 
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 Alert Admin

I thought they must offer the remaining shareholders to sell to CMA at $1.30? 

Please confirm before any how post... Otherwise...

earlybird14      ( Date: 08-Dec-2015 11:43) Posted:

It only happen when cma cannot privatise nol. Once have 67% from temasek, another 8% can be easily acquired from other major share holders.

I doubt cma can't collect the 8%. Once move to privatise, retailers share cannot be sold at open market, you only can accept cash out or just hold the share.

Bear in mind, since not listed anymore, the only potential buyer is cma only, the share is equal to paper if don't sell.

DONTBEEVIL      ( Date: 08-Dec-2015 11:37) Posted:



What will happen if someone still do not want to sell to CMA? Possible


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AndyLoss
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08-Dec-2015 11:45     
 
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so what should we do just keep on HOLDING until JUNE or sell it at 1.23   - 1.22 ? 

 
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earlybird14
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08-Dec-2015 11:43     
 
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 Alert Admin 		It only happen when cma cannot privatise nol. Once have 67% from temasek, another 8% can be easily acquired from other major share holders.

I doubt cma can't collect the 8%. Once move to privatise, retailers share cannot be sold at open market, you only can accept cash out or just hold the share.

Bear in mind, since not listed anymore, the only potential buyer is cma only, the share is equal to paper if don't sell.

DONTBEEVIL      ( Date: 08-Dec-2015 11:37) Posted:



What will happen if someone still do not want to sell to CMA? Possible

earlybird14      ( Date: 08-Dec-2015 10:51) Posted:



1.30 is exclusively for Temasek 67% share. CMA just need another 8% share to delist NOL, and settle the rest of 25% privately with retailers.

So, highly likely some banks or brokers has assisted CMA to collect the 8% share since the take over start.

Normally, there will be buy wall at 1.30 to collect share to meet the 75% delisting requirement, no buy wall mean, CMA has enough 75% share.

So, it will also be another possibility that you will never see 1.30 till delisting, once approve, CMA just delist NOL, and issue another offer seperately to you privately for the remaining shares.

Just a possibility.


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polarinda
Master
08-Dec-2015 11:43     
 
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 Alert Admin 		Whos to say u will get 130 after 6 mths if u still holding the shares u bought today?
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DONTBEEVIL
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08-Dec-2015 11:40     
 
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I thought it could have some rule to say that all must sell, is there?

DONTBEEVIL      ( Date: 08-Dec-2015 11:37) Posted:



What will happen if someone still do not want to sell to CMA? Possible

earlybird14      ( Date: 08-Dec-2015 10:51) Posted:



1.30 is exclusively for Temasek 67% share. CMA just need another 8% share to delist NOL, and settle the rest of 25% privately with retailers.

So, highly likely some banks or brokers has assisted CMA to collect the 8% share since the take over start.

Normally, there will be buy wall at 1.30 to collect share to meet the 75% delisting requirement, no buy wall mean, CMA has enough 75% share.

So, it will also be another possibility that you will never see 1.30 till delisting, once approve, CMA just delist NOL, and issue another offer seperately to you privately for the remaining shares.

Just a possibility.


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DONTBEEVIL
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08-Dec-2015 11:37     
 
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What will happen if someone still do not want to sell to CMA? Possible

earlybird14      ( Date: 08-Dec-2015 10:51) Posted:



1.30 is exclusively for Temasek 67% share. CMA just need another 8% share to delist NOL, and settle the rest of 25% privately with retailers.

So, highly likely some banks or brokers has assisted CMA to collect the 8% share since the take over start.

Normally, there will be buy wall at 1.30 to collect share to meet the 75% delisting requirement, no buy wall mean, CMA has enough 75% share.

So, it will also be another possibility that you will never see 1.30 till delisting, once approve, CMA just delist NOL, and issue another offer seperately to you privately for the remaining shares.

Just a possibility.

earlybird14      ( Date: 08-Dec-2015 10:46) Posted:



 

1307



 

SGX Delisting rules

The Exchange may agree to an application by an issuer to delist from the Exchange if:&mdash
(1) the issuer convenes a general meeting to obtain shareholder approval for the delisting
(2) the resolution to delist the issuer has been approved by a majority of at least 75% of the total number of issued shares excluding treasury shares held by the shareholders present and voting, on a poll, either in person or by proxy at the meeting (the issuer' s directors and controlling shareholder need not abstain from voting on the resolution) and
(3) the resolution has not been voted against by 10% or more of the total number of issued shares excluding treasury shares held by the shareholders present and voting, on a poll, either in person or by proxy at the meeting.
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famouspinky
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08-Dec-2015 11:34     
 
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 Alert Admin 		Scholars will grasp frm Street smart guys and kick them away cos scholars have the amulet to protect them..in the end all lose cos no one wants to share.

investor7      ( Date: 08-Dec-2015 10:52) Posted:



LKY and even the current leaders put so much trust in scholars. Well, real life performance has proven that some scholars need a lot of re-orientation and hand-holding before they can grasp what' s happening in the real world. Scholars are book-smart and exam-smart, can write impressive thesis, but are they in touch with the dynamism of people, policies and competition? hahaha......many of them are lost in the numbers. 

Govt is too slow to learn ......keeps hiring and overpaying the scholars to learn on the job....very expensive way of hiring. Shud hire people who are street-smart becos of the hard knocks they got in the real business world. 

Qanghoo      ( Date: 08-Dec-2015 10:36) Posted:



Hmmmmmmmmmmm.  Lesson #1 is always insist on scholars.  Nothing less will be good for the country.  Lesson #2, Never forget lesson #1.  Got it? 


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investor7
Senior
08-Dec-2015 11:27     
 
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 Alert Admin

Likelihood of delisting (last sentence published in today' s issue of TODAY (pg 2) stated:   CMA CGM does not intend to preserve the listing status of NOL if it succeeds in acquiring more than 90% of the company (NOL) 

However, the deal is subject to anti-trust clearances in the US, EU and China.
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investor7
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08-Dec-2015 11:22     
 
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Ditto for Biosensors. Offer price was announced as 84cts but Bios has since been trading in tight range 79.5 to 81 only
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taxiuncle
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08-Dec-2015 11:04     
 
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No worries many M and A has the same scenario. Example is Goodpack which was bought over last year at 2.50 . The price was at hovering around 2.35 to 2.45 . Is for those who has holding power . Anyway is better than bank rates.

investor7      ( Date: 08-Dec-2015 10:42) Posted:



I also bought this morning 10 lots $1.22 but wonder why if the offer price is $1.30 (which Temasek agreed upon), today shud be trading near 1.30, right?

But instead, there is selling today. Something is fishy.....

 

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earlybird14
Supreme
08-Dec-2015 11:03     
 
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Hope they don' t chu pattern to offer seperate price lower than 1.30. Who know, no more public listing, they can take very long time to settle with the rest of the shareholders. 

investor7      ( Date: 08-Dec-2015 11:01) Posted:



Thanks for explanation earlybird!   Yes, i' ll wait for the notice to delist and collect the $1.30, though it may take months, it' s still a profit.

earlybird14      ( Date: 08-Dec-2015 10:51) Posted:



1.30 is exclusively for Temasek 67% share. CMA just need another 8% share to delist NOL, and settle the rest of 25% privately with retailers.

So, highly likely some banks or brokers has assisted CMA to collect the 8% share since the take over start.

Normally, there will be buy wall at 1.30 to collect share to meet the 75% delisting requirement, no buy wall mean, CMA has enough 75% share.

So, it will also be another possibility that you will never see 1.30 till delisting, once approve, CMA just delist NOL, and issue another offer seperately to you privately for the remaining shares.

Just a possibility.


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investor7
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08-Dec-2015 11:01     
 
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Thanks for explanation earlybird!   Yes, i' ll wait for the notice to delist and collect the $1.30, though it may take months, it' s still a profit.

earlybird14      ( Date: 08-Dec-2015 10:51) Posted:



1.30 is exclusively for Temasek 67% share. CMA just need another 8% share to delist NOL, and settle the rest of 25% privately with retailers.

So, highly likely some banks or brokers has assisted CMA to collect the 8% share since the take over start.

Normally, there will be buy wall at 1.30 to collect share to meet the 75% delisting requirement, no buy wall mean, CMA has enough 75% share.

So, it will also be another possibility that you will never see 1.30 till delisting, once approve, CMA just delist NOL, and issue another offer seperately to you privately for the remaining shares.

Just a possibility.

earlybird14      ( Date: 08-Dec-2015 10:46) Posted:



 

1307



 

SGX Delisting rules

The Exchange may agree to an application by an issuer to delist from the Exchange if:&mdash
(1) the issuer convenes a general meeting to obtain shareholder approval for the delisting
(2) the resolution to delist the issuer has been approved by a majority of at least 75% of the total number of issued shares excluding treasury shares held by the shareholders present and voting, on a poll, either in person or by proxy at the meeting (the issuer' s directors and controlling shareholder need not abstain from voting on the resolution) and
(3) the resolution has not been voted against by 10% or more of the total number of issued shares excluding treasury shares held by the shareholders present and voting, on a poll, either in person or by proxy at the meeting.
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investor7
Senior
08-Dec-2015 10:52     
 
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LKY and even the current leaders put so much trust in scholars. Well, real life performance has proven that some scholars need a lot of re-orientation and hand-holding before they can grasp what' s happening in the real world. Scholars are book-smart and exam-smart, can write impressive thesis, but are they in touch with the dynamism of people, policies and competition? hahaha......many of them are lost in the numbers. 

Govt is too slow to learn ......keeps hiring and overpaying the scholars to learn on the job....very expensive way of hiring. Shud hire people who are street-smart becos of the hard knocks they got in the real business world. 

Qanghoo      ( Date: 08-Dec-2015 10:36) Posted:



Hmmmmmmmmmmm.  Lesson #1 is always insist on scholars.  Nothing less will be good for the country.  Lesson #2, Never forget lesson #1.  Got it? 

gsasgx      ( Date: 08-Dec-2015 09:50) Posted:



the lesson to learn is why allow losses year after year after year and after year..... the biz is not run by lowly paid managers but million dollar scholars and supported by TH as the major shareholders... however, we should actually not have high expectations here if our ref is the amount we have lost previously by TH in their ventures.... billions and billions... yet what can we do?  no lesson here unless you are somebody' s wife. lol!!!


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earlybird14
Supreme
08-Dec-2015 10:51     
 
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1.30 is exclusively for Temasek 67% share. CMA just need another 8% share to delist NOL, and settle the rest of 25% privately with retailers.

So, highly likely some banks or brokers has assisted CMA to collect the 8% share since the take over start.

Normally, there will be buy wall at 1.30 to collect share to meet the 75% delisting requirement, no buy wall mean, CMA has enough 75% share.

So, it will also be another possibility that you will never see 1.30 till delisting, once approve, CMA just delist NOL, and issue another offer seperately to you privately for the remaining shares.

Just a possibility.

earlybird14      ( Date: 08-Dec-2015 10:46) Posted:



 

1307



 

SGX Delisting rules

The Exchange may agree to an application by an issuer to delist from the Exchange if:&mdash
(1) the issuer convenes a general meeting to obtain shareholder approval for the delisting
(2) the resolution to delist the issuer has been approved by a majority of at least 75% of the total number of issued shares excluding treasury shares held by the shareholders present and voting, on a poll, either in person or by proxy at the meeting (the issuer' s directors and controlling shareholder need not abstain from voting on the resolution) and
(3) the resolution has not been voted against by 10% or more of the total number of issued shares excluding treasury shares held by the shareholders present and voting, on a poll, either in person or by proxy at the meeting.


investor7      ( Date: 08-Dec-2015 10:42) Posted:



I also bought this morning 10 lots $1.22 but wonder why if the offer price is $1.30 (which Temasek agreed upon), today shud be trading near 1.30, right?

But instead, there is selling today. Something is fishy.....

 


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earlybird14
Supreme
08-Dec-2015 10:46     
 
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 Alert Admin

 

1307



 

SGX Delisting rules

The Exchange may agree to an application by an issuer to delist from the Exchange if:&mdash
(1) the issuer convenes a general meeting to obtain shareholder approval for the delisting
(2) the resolution to delist the issuer has been approved by a majority of at least 75% of the total number of issued shares excluding treasury shares held by the shareholders present and voting, on a poll, either in person or by proxy at the meeting (the issuer' s directors and controlling shareholder need not abstain from voting on the resolution) and
(3) the resolution has not been voted against by 10% or more of the total number of issued shares excluding treasury shares held by the shareholders present and voting, on a poll, either in person or by proxy at the meeting.


investor7      ( Date: 08-Dec-2015 10:42) Posted:



I also bought this morning 10 lots $1.22 but wonder why if the offer price is $1.30 (which Temasek agreed upon), today shud be trading near 1.30, right?

But instead, there is selling today. Something is fishy.....

 

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investor7
Senior
08-Dec-2015 10:42     
 
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I also bought this morning 10 lots $1.22 but wonder why if the offer price is $1.30 (which Temasek agreed upon), today shud be trading near 1.30, right?

But instead, there is selling today. Something is fishy.....

 
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Qanghoo
Supreme
08-Dec-2015 10:36     
 
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Hmmmmmmmmmmm.  Lesson #1 is always insist on scholars.  Nothing less will be good for the country.  Lesson #2, Never forget lesson #1.  Got it? 

gsasgx      ( Date: 08-Dec-2015 09:50) Posted:



the lesson to learn is why allow losses year after year after year and after year..... the biz is not run by lowly paid managers but million dollar scholars and supported by TH as the major shareholders... however, we should actually not have high expectations here if our ref is the amount we have lost previously by TH in their ventures.... billions and billions... yet what can we do?  no lesson here unless you are somebody' s wife. lol!!!

earlybird14      ( Date: 08-Dec-2015 09:41) Posted:



what past is past, everyone just post their own view and speculate and hope to get the best price.

I really think Temasek do a good job by selling NOL with 4 years loss at 0.9 NAV, hapaq llyolds can only IPO at 0.7NAV. 


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