Olam Group    Last:1.24    -0.01

Olaim Group Financial Results

I can see the logic behind some of your points even though I don' t necessarily agree - that' s fine, sometimes both points of view have merit.

But your comment about no tangible value is just factually inaccurate. In fact, if you look at their accounts, their last reported net tangible asset value per share is S$1.26 a share.

Tob231      ( Date: 29-Jan-2024 18:37) Posted: most certainly not ... counter like this is very uncertain .... maybe just hot air no real intrinsic tangible value .... will watch if it test 0.89 ... dyodd

 

Thankfully 0.89 is being supported.
Now is the real crunch ...

 

in the absence of positive news this counter is languishing. no funds are coming in ... saving grace maybe is the major shareholder went in to buy 
the last support is at 0.795
other than that i think the alert sign is on " caution"
when can the coast be truly safe ..... just verbalising my thought 
​ the ball is round and nobody has the absolute answer .... all the best 

HuatAh7898      ( Date: 29-Jan-2024 10:38) Posted: personally will continue to pick it up and add more along the way for until my target price it reached huat ah! dyodd

 

most certainly not ... counter like this is very uncertain .... maybe just hot air
no real intrinsic tangible value ....
will watch if it test 0.89 ...
dyodd 

 

all the best to you !
last week, can i say it is a bull trap ... seemingly charging forward and suddenly pull back.
sorry just don' t see any that is cheering it, other than CNY is near 
i will wait for a better time.
 

 

personally will continue to pick it up and add more along the way for until my target price it reached
huat ah!
dyodd

 

when nothing is clear and nothing to cheer it .... isn' t it a hot air ... lading to bull trap. 
The best way to think about manipulation is to  accept it as part of the market structure.
not unless the situation has changed ... hmmm 
better be safe
dyodd
 

 

understand what you are saying ... it is not uncommon for the management of Olam to deny all the allegations. they have to do better than that to the air. it is reflected in how the market is responding to it .... 
not me to prove lah .... the job of the management .... i am merely stating the atmosphere surrounding this counter ... it is stiffened 
just watch lor ... for now likely to test 0.89 😓

Alignment      ( Date: 27-Jan-2024 23:31) Posted: The company has " categorically denied the allegations" in September. It cannot be clearer. I understand you may doubt the company' s word and that is sort of my point - how do you prove a negative? Tob231      ( Date: 27-Jan-2024 11:37) Posted: Olam Denies Allegations of Fraud in Nigeria Shares Slump Commodities trader labels claims &lsquo baseless and inflammatory&rsquo Shares cap biggest daily decline since March 2020 in Singapore how can it be good when it continues to be shrouded with the " allegations" and not cleared it .... it is more bad than good. imo ... such and such that it becomes a trap for investors to go in.  already 6 months ....

 

at current price point, good for CNY deal!
Huat ah!

 

it is to me a good opportunity to collect some at good price point
when it rebounce, first target is 1.0
dyodd

 

 

The company has " categorically denied the allegations" in September. It cannot be clearer. I understand you may doubt the company' s word and that is sort of my point - how do you prove a negative?

Tob231      ( Date: 27-Jan-2024 11:37) Posted: Olam Denies Allegations of Fraud in Nigeria Shares Slump Commodities trader labels claims &lsquo baseless and inflammatory&rsquo Shares cap biggest daily decline since March 2020 in Singapore how can it be good when it continues to be shrouded with the " allegations" and not cleared it .... it is more bad than good. imo ... such and such that it becomes a trap for investors to go in.  already 6 months ....  Alignment      ( Date: 24-Jan-2024 11:38) Posted: Personally my view is that in these situations no news is good news. If there were concrete issues these would have come out and the company would then have been forced to respond. Thus the situation is similar to that where someone is trying to prove something did not happen - it is more difficult than proving something did happen. Interested in other views.

 

it looks like it is going to test 0.89 again. last week looks more like " a trap"
at this moment with the fraud clouding the counter and no good news to cheer for it .... 
probably will wait and see .... 

 

Olam Denies Allegations of Fraud in Nigeria Shares Slump

• Commodities trader labels claims &lsquo baseless and inflammatory&rsquo
• Shares cap biggest daily decline since March 2020 in Singapore

how can it be good when it continues to be shrouded with the " allegations" and not cleared it .... it is more bad than good.
imo ... such and such that it becomes a trap for investors to go in. 
already 6 months .... 

Alignment      ( Date: 24-Jan-2024 11:38) Posted: Personally my view is that in these situations no news is good news. If there were concrete issues these would have come out and the company would then have been forced to respond. Thus the situation is similar to that where someone is trying to prove something did not happen - it is more difficult than proving something did happen. Interested in other views.

 

Bounch up from 0.89.. Will contiune to move up and should buy or not

 

Personally my view is that in these situations no news is good news. If there were concrete issues these would have come out and the company would then have been forced to respond. Thus the situation is similar to that where someone is trying to prove something did not happen - it is more difficult than proving something did happen.

Interested in other views.

 

many counters are so low now. there has to be a clear runway for it to take off. 
do you have any updates about the situation that brought/shot it down ?
must say for now it is supported.
 

 

So low now

 

it has been a while yet there seems to be no closure or resolution to the event that crushed olam ... 
 

HVRRVH      ( Date: 22-Jan-2024 10:43) Posted: Added a bit at 90 cents but it seems price weakness will persist for a while. HVRRVH      ( Date: 28-Dec-2023 14:58) Posted: Ok I have now till end of Feb 2024 for the price to come back down to around 97.5 before I add again. If it doesn' t come to that level that' s fine too, then I will see what' s the dividend amount and development on Nigeria saga and IPO matter. Let' s wait and see.

 

Olam Group Limited (&ldquo Olam Group&rdquo ) announced today that its wholly-owned subsidiary, Olam Holdings Pte. Ltd. has successfully completed the sale of a 35.43% minority stake in Olam Agri Holdings Pte. Ltd. (&ldquo Olam Agri&rdquo ) to the SALIC International Investment Company for US$1.24 billion (approximately S$1.7 billion) on December 23, 2022. The transaction, which was previously announced on March 25, 2022, values Olam Agri at an equity valuation of US$3.5 billion (approximately S$4.7 billion).

SALIC began its investment journey in 2012, with many global companies in the field of agriculture, grain trading, rice and meat in different countries, such as Ukraine, Canada, India, Australia, Brazil, Singapore. Locally, with national grain companies, Almarai, Nadec, Fisheries and NAQUA.

 

Olaim belongs to Salim group?