Olam Group    Last:1.24    -0.01

Olaim Group Financial Results

Olam to close 1.05!

 

Short may get shot ah

 

1.01 supported!! Next $1.12

 

U shorted?

vivacious      ( Date: 10-Oct-2023 09:26) Posted: below $1 soon?

 

below $1 soon?

 

Haha!! Power la

 

Lets go upupup olam

 

56lot pls clear

 

Worse will be over
No one buy i buy

 

technically it has not found the support .... i think it is dicey to go in  

n3wbie      ( Date: 02-Oct-2023 23:27) Posted: When most things in the market are cheap, what is the motivation or incentive to look at this given the uncertainty and black hole? Tob231      ( Date: 02-Oct-2023 18:21) Posted: imagine the last post is on 29 sept ... this counter still mire in mud .... probably need water to wash clean

 

you are right !!! hope it will clear soon

 

When most things in the market are cheap, what is the motivation or incentive to look at this given the uncertainty and black hole?

Tob231      ( Date: 02-Oct-2023 18:21) Posted: imagine the last post is on 29 sept ... this counter still mire in mud .... probably need water to wash clean

 

imagine the last post is on 29 sept ... this counter still mire in mud .... probably need water to wash clean

 

No midnight call from Nigeria?

 

If you look at the background of Kewalram, they have been in Nigeria since 1900 and they have operations there aside from Olam.I would therefore expect that they are pretty well informed about developments there both historically and in the present. Specifically, the idea that fsomething might have happened in Nigeria without management in Singapore knowing seems less likely given Kewalram' s presence. Also the fact they are now buying shares is a very positive signal in this context.



   

 

so far so good the price is well support ... could be as yuhanooi said the major shareholder buying gave market the confidence .....
hopefully muddy and cloudy water will become clear water.
if market continue to close at 1.09 it will slowly inch up

 

tremendous support for olam for now against the selldown from unclear and muddy shortsellers.
waiting for clear signal ...

yuhanooi      ( Date: 25-Sep-2023 19:15) Posted: Yes, this shareholder been buying consistently, I believe they were the original owners of tis company. Shareholder buying is different from company buybacks, probably sending a stronger signal of confidence. Dyodd.

 

Bought 2 equal tranches at 1.12 & 1.09. With benefit of hindsight the first buy was a bit early. Anyhow, holding this for mid to long term. 

HVRRVH      ( Date: 20-Sep-2023 16:44) Posted: Price moved down as expected. Why then open a position at $1.12? Well, with annual dividend of around 7-8 cents, it is ok to take a position first in case the share price unexpectedly keep movin up. Now will be right there waiting at $1.05 with equal propotion size that initiated the position.  HVRRVH      ( Date: 20-Sep-2023 10:31) Posted: Opened a position at $1.12. Would not hope for short term upward movement and ready to add more if it come below $1.10 again, probably waiting at $1.05.

 

Kewalram, Chanrai family founded Olam , Temasek bailed them out by buying their controlling shareholding.

 

Yes, this shareholder been buying consistently, I believe they were the original owners of tis company. Shareholder buying is different from company buybacks, probably sending a stronger signal of confidence. Dyodd.