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881-900 of 1521
Price action looking good but real test should start once XD. There will be selling force but buyers should get ready along with SBB. I would again queue at around 92.5 cents. Was fortunate to get the latest batch at 89.5 and it is anyone guess whether the price will hit such level again or not, with SBB aiming to buy up to 5% of the total shares and IPO still in progress etc.
2H earnings increase 15.5% to 230m nice 👍
dividend proposed is also good
Cheers
dividend proposed is also good
Cheers
will continue to accumulate along the way will expectations and awareness
huat ah!
huat ah!
They going to do regular share buyback soon, nxt month
IPO have to wait awhile later lor
Current price very cheap bargain leh
I thought today can touch 110 haha, i dreaming
dyodd
IPO have to wait awhile later lor
Current price very cheap bargain leh
I thought today can touch 110 haha, i dreaming
dyodd
happy2020 ( Date: 28-Feb-2024 08:56) Posted:
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Still consistent on 4cts dividends, some consolation. Results not as bad as most are expecting worse. Eps around 6cts, from 15cts previously. Hopefully worst is over, with softening interest rates and improving commodity prices,buybacks and the elusive IPO....vested,dyodd.
Olam posts 15.5% growth in 2HFY2023 earnings to $230.8 mil, launches share buyback
Olam Group has reported earnings of $230.8 million for its 2HFY2023 ended December, up 15.5% y-o-y.
This follows ebit growth and lower exceptional losses, even after accounting for higher net finance costs and lower contribution from Olam Agri following its 34.5% stake stale to Saudi Agricultural and Livestock Investment.
Revenue for the period declined by 10.8% y-o-y to $23.6 billion as lower prices across several products in the portfolio offset sales volume growth.
Ebit grew 19.3% y-o-y to $952.3 million with strong growth at both ofi and Olam Agri.
For FY2023, Olam&rsquo s earnings declined by 55.7% y-o-y to $278.7 million as the double digit ebit growth was offset by a full year impact of higher interest rates, lower contribution from Olam Agri following the stake sale and higher exceptional losses.
Revenue for the full year decreased by 12.1% y-o-y to $48.3 billion.
Ebit for FY2023 rose 10.1% to $1.8 billion on double-digit growth by both Olam Food Ingredients (OFI) and Olam Agri. The latter contributed 54.6% of the group&rsquo s total ebit, while OFI and its remaining businesses contributed 46.8% and negative 1.4% respectively.
As at Dec 31, 2023, Olam&rsquo s cash and cash equivalents stood at $574 million. Earnings per share for 2HFY2023 and FY2023 stood at 5.67 cents and 6.50 cents respectively.
The board has recommended a final dividend of 4 cents per share, taking the full year dividend to 7 cents per share, compared to FY2022&rsquo s 8.5 cents.
Olam CEO Sunny Verghese says the company is launching a share buyback programme up to a maximum of 5% of its outstanding shares within its current mandate and renewal of the mandate at the upcoming annual general meeting in April.
The company also remains committed to pursuing the listings of both OFI and Olam Agri. The latter will not take place in 1H2024 as the regulatory framework is still being finalised.
Verghese also addresses the concern following allegations about its Nigerian operations. He reiterates that the independent internal investigation team found no evidence supporting any specific allegations. &ldquo In the meanwhile, all our businesses in Nigeria have been operating normally and we look forward to continuing investing and growing in the country.&rdquo
It is 96.5 now but shall keep for dividend and long term.
HVRRVH ( Date: 27-Feb-2024 14:56) Posted:
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vested in this. Divested singtel for olam. =)
There is a statement on IPO , Saudi not !H due to their domestic regulation etc.
However look promising as CEO mentioned after other investment potential ( but standard statement or not .....time will tell )
Mkt is reacting to this set of result and look like Olam is way too under price.
DYODD
However look promising as CEO mentioned after other investment potential ( but standard statement or not .....time will tell )
Mkt is reacting to this set of result and look like Olam is way too under price.
DYODD
happy2020 ( Date: 28-Feb-2024 08:56) Posted:
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Good set of results, looking forward to seeing share buyback get underway, and at what price they buy back.
No mention about IPO news.. Very disappointing.. Is it going to happen or not..
XD is 3rd May and pay on 13rd May ( 6th is Olam record day ) FYI
Everyday ( Date: 28-Feb-2024 08:04) Posted:
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No ipo 1H? hmmm..
Divident 4c
Ex date 6th May
Pay date 13th May
https://links.sgx.com/1.0.0/corporate-announcements/C8IOJ4SPIDVHR686/f7cb4578bf0c29ae5eafac0fe7958423a78aafdf7a694f90844d0b8ecb6d478f
Ex date 6th May
Pay date 13th May
https://links.sgx.com/1.0.0/corporate-announcements/C8IOJ4SPIDVHR686/f7cb4578bf0c29ae5eafac0fe7958423a78aafdf7a694f90844d0b8ecb6d478f
Gotten 89.5. Unless it move up very fast like within 2 weeks for me to sell 96.5 or moret, I shall keep this batch for longer term at least after the upcoiming finanacial results and dividend.
Wah lau didn' t expect it hit 89.5 so fast but but.... only managed to get 400 shares!!!! Sellers refused to sell me more! Want to force me buy at 90 cents or higher? I shall not yield and will wait till market close and see how. Most the most top up just before market close to about 10k shares if not waste commission.
HVRRVH ( Date: 26-Feb-2024 15:45) Posted:
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ai lai boh
SG market super weak, past few days not even capitalising on US bull days and will be faring even worse when US market turning weak starting last Friday. Accordingly adjust final q price to 89.5, will q for 1 month and see how. Time on my side.
Will go down touch 90 meh, got some more discount ??
what if go up up from here leh, see how lah
Dyodd
will continue to add and accumulate along the way
when it break 90
Huat ah!
when it break 90
Huat ah!