Olam Group
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Olaim Group Financial Results
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1201-1220 of 1516
The Co should halt trading in its share and ascertain all the facts and disclose to the Exchange and to its shareholders.
Waiting to be informed by subsidiary through midnight call and disclose half an hour before trading commences, is not adequate even for a penny stock.
Auditors do what , any have endorse , how to believe auditors ,
Very dangerous , donot belive auditors simply and buy stocks.
some companies show this quater profit and next quater loss , all fraud mrwise ( Date: 13-Sep-2023 11:18) Posted:
No need to speculate...
I believe this Company have a high chance of good n fast recovery...
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The collateral damage u forget to mention, the 2 IPOs will be affected, at least much delayed liao.. share price will be capped for quite sometimes
yuhanooi ( Date: 13-Sep-2023 11:20) Posted:
| Olam creates a lot of empolyment is Nigeria, I don' t think it is in the new government' s interest to kill it. Likely outcome is a fine on the FX transgressions ( there was complicated fx rules, before the 36% devaluation in June). Hope the legal team and negotiators get a lenient deal. Dyodd. |
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Olam creates a lot of empolyment is Nigeria, I don' t think it is in the new government' s interest to kill it. Likely outcome is a fine on the FX transgressions ( there was complicated fx rules, before the 36% devaluation in June). Hope the legal team and negotiators get a lenient deal. Dyodd.
No need to speculate...
I believe this Company have a high chance of good n fast recovery...
I think Temasek and others are looking onto this and should help the Company as they have huge investment on this Company...
guess we will know soon ba, only a few days since this erupted....the orthodox will need time to dig through this mess, in meantime unorthodox just spread fire lo....
luckyguy3 ( Date: 13-Sep-2023 10:53) Posted:
The thing is the cash and assets over at Nigeria, whether still exists or not.. no one knows..
dot123 ( Date: 13-Sep-2023 10:51) Posted:
In some countries, law is made up, if u dont comply, u are wrong, thats all, i believe the bond paid is more for the safety of said person
they say pay, u pay....cannot argue one
but yes, its a mess now, let it settle down first... |
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The thing is the cash and assets over at Nigeria, whether still exists or not.. no one knows..
dot123 ( Date: 13-Sep-2023 10:51) Posted:
In some countries, law is made up, if u dont comply, u are wrong, thats all, i believe the bond paid is more for the safety of said person
they say pay, u pay....cannot argue one
but yes, its a mess now, let it settle down first... |
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The problem now is investors have lost confidence already. Few days old news only now then Olam confirmed the news, not very transparent.
What other skeletons that are still not yet known?
mrwise ( Date: 13-Sep-2023 10:47) Posted:
Few days old news and price may recover soon....
Higher mgt should be working on this....Any clarification will helps to boost the share price...
luckyguy3 ( Date: 13-Sep-2023 10:39) Posted:
| So Olam confirmed the news is real one.. not fake news... jialat lia |
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In some countries, law is made up, if u dont comply, u are wrong, thats all, i believe the bond paid is more for the safety of said person
they say pay, u pay....cannot argue one
but yes, its a mess now, let it settle down first...
Few days old news and price may recover soon....
Higher mgt should be working on this....Any clarification will helps to boost the share price...
luckyguy3 ( Date: 13-Sep-2023 10:39) Posted:
So Olam confirmed the news is real one.. not fake news... jialat liao
zmatrixale ( Date: 12-Sep-2023 21:14) Posted:
| This got me reading more into what's going on in Nigeria and it certainly looks like a lot of drama happening given the change in leadership and what seems to be politically motivated actions to go after the previous Central Bank Governor, which is spilling over into Olam and others. Messy indeed. Hope it doesn't drag out too long |
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So Olam confirmed the news is real one.. not fake news... jialat liao
zmatrixale ( Date: 12-Sep-2023 21:14) Posted:
This got me reading more into what's going on in Nigeria and it certainly looks like a lot of drama happening given the change in leadership and what seems to be politically motivated actions to go after the previous Central Bank Governor, which is spilling over into Olam and others. Messy indeed. Hope it doesn't drag out too long.
luckyguy3 ( Date: 12-Sep-2023 19:32) Posted:
http://dailynigerian.com/multibillion-dollar-fraud-olam/
Olam Nigeria Limited has paid a huge bail bond of N1billion to secure the release of one of its directors, Prakash Kanth.
The payment was made into a special recovery account operated by the State Security Service, SSS.
Other top executives of the company have reportedly fled the country in the wake of the arrest of the governor of the Central Bank of Nigeria, Godwin Emefiele and his accomplices.
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So is real one.. not fake news... luckyguy3 ( Date: 12-Sep-2023 19:32) Posted:
http://dailynigerian.com/multibillion-dollar-fraud-olam/
Olam Nigeria Limited has paid a huge bail bond of N1billion to secure the release of one of its directors, Prakash Kanth.
The payment was made into a special recovery account operated by the State Security Service, SSS.
Other top executives of the company have reportedly fled the country in the wake of the arrest of the governor of the Central Bank of Nigeria, Godwin Emefiele and his accomplices.
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Temasek bought over some Olam shares for $2.23 in 2014 and they have now about 51% shares of the Company!
Maybe another rescue plan by Temasek!?
Come Come...
Some may be buying up for this good opportunity!
Don' t spread fear....may be a blessing in disguise....
Temasek should be coming soon to stabilise the situation.
The main fear now is Olam Nigeria doing the fraud behind Olam back. Think Olam agri IPO gone liao. 无 风 不 起 浪 . I also feel like running 😂 输 少 算 赢
Mandmx ( Date: 13-Sep-2023 10:13) Posted:
The problem with Olam is that it is not reactive to media reports. It was reported that the bail was paid on Monday but Olam only responded to it today in its announcement. Could be the Olam Nigeria side withholding the info. They need to send someone from HQ there to take over the matter.
ahbui8 ( Date: 13-Sep-2023 09:59) Posted:
| Today annoucement claim Olam Nigeria really paid bail bond for it' s director, if it real really jialat. |
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The problem with Olam is that it is not reactive to media reports. It was reported that the bail was paid on Monday but Olam only responded to it today in its announcement. Could be the Olam Nigeria side withholding the info. They need to send someone from HQ there to take over the matter.
ahbui8 ( Date: 13-Sep-2023 09:59) Posted:
| Today annoucement claim Olam Nigeria really paid bail bond for it' s director, if it real really jialat. |
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Today annoucement claim Olam Nigeria really paid bail bond for it' s director, if it real really jialat.
Cut lost buy later much cheaper
ysh2006 ( Date: 13-Sep-2023 09:57) Posted:
The chart point to 70-80c lah...
Mandmx ( Date: 13-Sep-2023 09:38) Posted:
| The price is decline is due to all these uncertainties about the investigation and none of us is wiser. The ultimate question is if there is indeed fraud involved on a big scale, what could be the price impact.. |
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