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1161-1180 of 1518
day high is at 1.13. open and closed at 1.09 ... shortists are playing the counter
imho the coast is not clear
imho the coast is not clear
maybe you are right .... maybe it is a show of confidence ... anyway lost 30% probably the right thing to do .... what do you think ???
beside no clear water at the moment .... rather muddy and cloudy
last minute still selldown .... hope you are right.
rather err on the safe side for now .... all the best to you
beside no clear water at the moment .... rather muddy and cloudy
last minute still selldown .... hope you are right.
rather err on the safe side for now .... all the best to you
Yesterday, a substantial shareholder bought 500 lots. That' s a confidence signal?
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:
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is there any new development or resolution ....
if isn' t then very likely a temporary relief .... the shortists are strategic to suck in new funds before going down again
if isn' t then very likely a temporary relief .... the shortists are strategic to suck in new funds before going down again
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.
joust found an old news and seems like this is not the first time being alleged fraud by Nigeria.
 Alleged Import Fraud: House Probes Olam Group, Pancham Intâ &euro &trade l, Chelsea Hotel Others - THISDAYLIVE
 Alleged Import Fraud: House Probes Olam Group, Pancham Intâ &euro &trade l, Chelsea Hotel Others - THISDAYLIVE
If I know I billionare already, still waste time posting here?
Anyway, don' t think Olam has any Chinese SOE substantial shareholder or interest, could be wrong tho.
Anyway, don' t think Olam has any Chinese SOE substantial shareholder or interest, could be wrong tho.
eddyeddy ( Date: 18-Sep-2023 13:35) Posted:
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Hanky panky...all minority shareholders sold down the river
eddyeddy ( Date: 18-Sep-2023 13:35) Posted:
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Will the fate of Olam be the same as Noble eventually ?
Observers ( Date: 18-Sep-2023 13:32) Posted:
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imho? and on hindsight? China-US strategic rivalry for control of the global flow of commodities.
eddyeddy ( Date: 16-Sep-2023 16:25) Posted:
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What caused Noble to collapse ? Over geared ? Hope some bros can share . Thank you .
Imagine now u invest in olam at $1.08 and it slowly drops below $1 and stagnant even when market turns bullish again while ur friend who invest in singtel at $2.3+ now or mapletree pan asia at $1.50 (almost historical low too) and earn handsome profit when singtel returns to $2.6+ or Mapletree returns to $1.80 when market turns bullish again..
So worth to catch a falling knife when there are a lot of good quality trees out there?
So worth to catch a falling knife when there are a lot of good quality trees out there?
luckyguy3 ( Date: 16-Sep-2023 11:40) Posted:
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Quote: " It does not seem this latest massive fraud case has been processed by investors in Singapore up to this point. The market is in fact in high expectations of the US$1b Olam&rsquo s agri-unit IPO some time early 2024. Will the collapse of the Nigerian Naira bear down on the IPO or will investment gurus still put out buy advices."
==> Investors are now worried about
a) Nigerian Naira currency collapsed means OLAM' s profit going forward will be disappointing. Just recently Olam declared a huge (89% drop) in profit in 1H23.
b) IPOs will be further delayed or even scrapped.
==> Investors are now worried about
a) Nigerian Naira currency collapsed means OLAM' s profit going forward will be disappointing. Just recently Olam declared a huge (89% drop) in profit in 1H23.
b) IPOs will be further delayed or even scrapped.
eddyeddy ( Date: 16-Sep-2023 11:27) Posted:
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https://www.tremeritus.net/2023/09/14/olams-50b-fraud-in-nigeria-false-or-auditors-in-sg-hq-blur/ The Daily Nigerian is the single original source. On Sep 11 Olam Group Singapore has spoken out [LINK]. It refuted the report as fake news, that there was no investigation of their operation in Nigeria, that Olam Nigeria never has the huge turnover anywhere near US$50b.
Everyone has got it wrong ? The Daily Nigerian, Olam Singapore, and just about everyone who has pushed the story. SSS was not investigating Olam Nigeria. It was investigating Central Bank of Nigeria (CBN).
Everyone has got it wrong ? The Daily Nigerian, Olam Singapore, and just about everyone who has pushed the story. SSS was not investigating Olam Nigeria. It was investigating Central Bank of Nigeria (CBN).
Both Olam and Temasek will definitely have much more information on the situation than all other shareholders. Whether this information would be defined as price sensitive is a bit grey.
In this context, it may be dangerous for Temasek to buy shares itself. If it did so, and it turns out that this Nigeria rumour is nothing and the share price bounces back to S$1.50, then those who sold at a big loss may feel aggrevied and take Temasek to court for profiting off inside information. This is not to say that they will succeed in such a move of course, but only that they might try..
In contrast, it is much safer for Olam to be doing the share buying. Given Temasek' s shareholding in Olam, effectively it is buying 1 share for every 2 Olam is buying back, without facing the same risk.
In this context, it may be dangerous for Temasek to buy shares itself. If it did so, and it turns out that this Nigeria rumour is nothing and the share price bounces back to S$1.50, then those who sold at a big loss may feel aggrevied and take Temasek to court for profiting off inside information. This is not to say that they will succeed in such a move of course, but only that they might try..
In contrast, it is much safer for Olam to be doing the share buying. Given Temasek' s shareholding in Olam, effectively it is buying 1 share for every 2 Olam is buying back, without facing the same risk.
T bought shares to increase its stake
limkt009 ( Date: 15-Sep-2023 16:27) Posted:
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What action you think they should take?
eddyeddy ( Date: 14-Sep-2023 19:38) Posted:
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T still not taking any positive action ?