Olam Group    Last:1.24    -0.01

Olaim Group Financial Results

No news on their early sales of Olam Agri to Saudi 2 year ago. Where is the money ?  They never gave back to the investers. Now they say tranche 1 by end of 2025 and then  tranche 2 by another 3 years time. Why dragging the time line like, is it strategy in 3 years time, we forget about the total 5 billion received from this complete disposal of Olam Agri..? In 3 years time they will write accounts of how they completely spent the money to cover the debts?  They have depts of over SGD 16 billion, and somemore take another SGD 2 billion dept recently, what about the earlier sales of Olam Agri to Saudi, what they do with the money.  Will they return to the investors.? 

 

SG is only world class in dishing out CDC vouchers just before GE.

 

yuhanooi      ( Date: 28-Feb-2025 10:50) Posted: Sigh....all the unlocking value bull.....

 

Sigh....all the unlocking value bull.....

 

That is the issue w SGX ....just NO action on this ...still sleeping .
Want to be a world class stock market .....first have the right PEOPLE IN PLACE / take firm action and clean up this 
( someone definately know this bad result and sell in the last few days ? Just have to check and stop sleeping . 
Over $20 of debt .....sell all also cant payup . 
DYODD

moonsun      ( Date: 28-Feb-2025 09:58) Posted: Suspect insiders already sold off before results announcement.. anyway its a dead horse.. avoid.. Surprised no query from sgx on heavy selling prior results announcement despite gd news saudi.. New approach from sgx.. no query no intervention no care. Retailers dyodd. You die your biz hor.. Buy w eyes big big

 

Suspect insiders already sold off before results announcement.. anyway its a dead horse.. avoid..
Surprised no query from sgx on heavy selling prior results announcement despite gd news saudi..
New approach from sgx.. no query no intervention no care.
Retailers dyodd. You die your biz hor..
Buy w eyes big big

 

I have cut all my position this morning on this counter - they are paid so much interest how can it make money in future. Even assume u take 3 billion back from selling OGI - it wont help to reduce the leverage that is my feel.

 

Fight with the shorts,,,,muddywater

 

Have cut and move on. 
Dont see how it is going forward ...esp after selling Agri .  ( biggest operation) 
No clear plan and even after listing food division. 
Disappointed w this mgt. 
DYODD

 

vry bad results......

 

So, up or down?

 

https://links.sgx.com/1.0.0/corporate-announcements/HQW9M8XCN28KBG1G/834987_28Feb2025_H2FY2024%20Results_News%20Release.pdf

 

Good added, price has fight back to 1.06

alanchee      ( Date: 27-Feb-2025 13:33) Posted: Added at 1.02. Prob ability of going up much higher, imo. Even if lower, drop will be limited unless got real bad news. Anyway now wait for results and ok to keep and collect div meanwhile. Buy and hold as high chance of sp appreciation

 

Added at 1.02. Prob ability of going up much higher, imo. Even if lower, drop will be limited unless got real bad news. Anyway now wait for results and ok to keep and collect div meanwhile. Buy and hold as high chance of sp appreciation

 

Actually why FY2023 earning not that high, but Olam still give 7c dividend? 
Now Olam Agri going to sell, next time its earning will be much lower?

FATABA      ( Date: 27-Feb-2025 11:29) Posted: What is going on ?  Management and esp w Temasek as major SH........why is this falling after the deal is known ?  Anyone ?  yuhanooi      ( Date: 27-Feb-2025 11:21) Posted: This is mgt's idea of unlocking value for shareholders?....sigh

 

" Subject to these conditions being fulfilled, the sale of Tranche 1 is expected to be completed in Q4 2025"

 

New sgx pattern.. less queries.. less interference.. you die your own business.. invest with yr eyes wide open?

 

Hopeless. Going to be worthless soon.

 

I don' t know what to say. Usually once I have no stake in the stock anymore, I will not post anything in the thread concerned. But I kena x 1 sia for just expressing and sharing my thought processes. It' s ok, shall be gracious and thankful for the profit albeit it became smaller for selling late. Really don' t know what' s going on with the sell down despite done deal with Saudi. 

HVRRVH      ( Date: 26-Feb-2025 15:52) Posted: Heavy sell down, if no news I still can hold but with the sale of Olam Agri and with the price move up on first trading day after the news and now the price movement is very unusual. I am out while still have profits. Vested for about 2 years, what a shame, had intended to hold and build up my holding. Perhaps the news of Olam Agri borrow 2,000m even with the sale sealed and done do not sit well with the market.  FOREVERFREEDOM      ( Date: 26-Feb-2025 15:45) Posted: Yes, nothing left after Olam Agri sold. Earning will be lesser in future. Nothing to support it to stay at high price

 

Really strange....it's as good as done deal, whatever tomorrow's results, what's wrong with the deal?

FATABA      ( Date: 27-Feb-2025 11:29) Posted: What is going on ?  Management and esp w Temasek as major SH........why is this falling after the deal is known ?  Anyone ?  yuhanooi      ( Date: 27-Feb-2025 11:21) Posted: This is mgt's idea of unlocking value for shareholders?....sigh

 

What is going on ?  Management and esp w Temasek as major SH........why is this falling after the deal is known ? 
Anyone ? 

yuhanooi      ( Date: 27-Feb-2025 11:21) Posted: This is mgt's idea of unlocking value for shareholders?....sigh