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NOL
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maxcty
Master |
03-Jun-2009 09:42
Yells: "always a learning day for me in trading" |
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x 0
x 0 Alert Admin |
anybody can advice...wanted to entry in this counter..I must have at least 4 lots to be entitled for the 3 rights lots right? I miss the my price to entry yesterday @ 1.65... |
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Andrew
Master |
03-Jun-2009 09:40
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Yes, I was looking at this report at the instant when I buy 127.........I was thinking then, if buy now and 81.5 is true then big time loh...so why not wait for sub 100 ?? Heng ah...... Isn't Goldman or C upgrade to 1.30.........????
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Andrew
Master |
03-Jun-2009 09:36
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I think everybody is scared off by the DBS rights then......$10 stocks sell rights at 5.40. So I think everybody is thinking NOL will sell @ half price of 60~70 cts lor. The situation has since changed......rights at 1.30..... Insanity...YES.....why is there joy when the whole company is completely recapitalized..... Dividend will drop 50% and so forth ????
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Alligator
Veteran |
03-Jun-2009 09:16
Yells: "learning from past " |
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x 0
x 0 Alert Admin |
if you want to exercise your rights, then HOLD your share until Ex-Rights date, that will qualify you as entitled shareholder (to the Rights Issue). Then you pay via ATM before the CLOSING date. These dates will be announced later
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zhenxian
Senior |
03-Jun-2009 09:11
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x 0
x 0 Alert Admin |
Hi, may i know how do we excersie the rights? As in i have s few lots with me now and i want to subscribe to the rights issues. Thanks |
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Alligator
Veteran |
03-Jun-2009 08:58
Yells: "learning from past " |
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x 0
x 0 Alert Admin |
OCBC also upgrade from SELL to HOLD and raise price...in a very short time to DOUBLE.... Upgrade to HOLD on inorganic growth potential. In our view, the rights issue is a timely move by NOL to recapitalise in anticipation of weak operating cash flows in FY09 and FY10. The group's ability to raise substantial funds amid tight credit markets allays financing concerns. More importantly, with its enhanced financial flexibility, NOL can now review acquisition opportunities that were previously unavailable to it due to lack of credit. While we remain cautious over the shipping industry's outlook, NOL's stronger financial position and the enhanced likelihood of inorganic growth have prompted an upward revision of our rating. We upgrade NOL to HOLD and raise our fair value estimate to S$1.63 (prev S$0.815) based on 0.8x FY09F NTA, in line with its peers. Our ex-rights price will be S$1.39. (Lee Wen Ching) |
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Alligator
Veteran |
03-Jun-2009 08:54
Yells: "learning from past " |
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x 0
x 0 Alert Admin |
Philips just upgrade it from SELL to BUY Upgrade from SELL to BUY with fair value raised from S$1.14 to S$2.12. The rights issue reduces the need to acquire bank loans to meet its operating and capital expenditures. It also reduces its net debt to equity ratio from 0.8 to 0.0 for FY2009F. However, it leads to lower earnings per share for all shareholders and dilution of interests for shareholders who do not take up the rights issue. We like the rights issue as it allows NOL to tap the existing shareholders for cash to reduce its debts and improve its cash position. We upgrade our recommendation from sell to buy and raise the fair value from S$1.14 to S$2.12, which works out to 1.2 time book value for FY2009F. Subscribe for the rights shares. We recommend that shareholders subscribe for the rights shares. This is because the rights shares are priced at a discount of 38.7% to the fair value of S$2.12 for the stock. Moreover, with cash from the rights issue, NOL will be able to continue with its operation needs and pay for new vessels. It will be in a stronger financial position as it weathers the downturn in the shipping industry. |
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wongmx6
Veteran |
03-Jun-2009 01:35
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x 0
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Not to spoil your mood, this is insanity, Can't you remember about 2 months ago, when gossip of NOL wanted to issue right. its share price was dropped drastically. What had happened on yesterday was entirely different from its previous experience. The only good news were Temasik going to take up those unwanted Right Issues and its will almost clear away all its debt with this exercise. I wanted to sell away mine on yesterday at price of 1.69 (Close to end of trading) but not succussful. |
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Andrew
Master |
02-Jun-2009 23:08
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x 0
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Hey thanks !!! I am never so lucky and precise on the timing.......if you have read my previous post....I sold @158, 159 160.....then buy back everything at 127......then shoot up all the way. :|||) Simply Fanastic !!!
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smartrader
Elite |
02-Jun-2009 22:43
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OK - thought there is some formula on 4 : 3. Anyway, raise funds to repay debts and use as working capital can also mean no big plan. So, it may miss the boat of recovery if it is not careful and stay in defensive mode for too long. |
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matthewsoh
Senior |
02-Jun-2009 22:35
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x 0
x 0 Alert Admin |
Trend that I see. maybe I am wrong but I think time will tell. If I am right , i will requote this again :)
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smartrader
Elite |
02-Jun-2009 22:28
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x 0
x 0 Alert Admin |
why tp of 2.5 ? | ||||
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matthewsoh
Senior |
02-Jun-2009 17:35
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x 0
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Congrat !! Confirm big win for you and you will be getting your rights share for free if the stock hits $2.5 during CR period.
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Alligator
Veteran |
02-Jun-2009 17:15
Yells: "learning from past " |
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x 0
x 0 Alert Admin |
Haha, just read Lim and Tan issue BUY call. copy some here COMMENTS 1. We would have been surprised if NOL did not take advantage of a strongly improved share price to raise fresh capital, which it needs not only because of its own capex plans, but also because the crisis must bring with it opportunities for it to seize. 2. So investors should put behind them what had happened earlier, reprimand and all, and take up their entitlement in full. 3. What enables NOL to price its rights at such a narrow 9% discount to the theoretical ex-rights price of $1.43, is the full backing of Temasek Holdings, presently with a 67.43% stake. 4. Temasek will not only take up its entitlement in full, it has undertaken to subscribe for any shares not taken up by minority shareholders. 5. In that event, Temasek’s stake will rise to 81.4%. This is however unlikely to happen, what with green shoots sprouting everywhere. NOL’s latest operating statistics (Period 4 from Apr 4 to May 1) showed the decline (in Revenue per FEU) has slowed, basis for our BUY call. |
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Andrew
Master |
02-Jun-2009 17:09
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x 0
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I bought @127 so....it is definitely a win for me. I will probably look to the MFTs for inspiration as it is a rather big investment for me.......heeeee..... Did they have the same voice......??
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trueview
Senior |
02-Jun-2009 13:58
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x 0
x 0 Alert Admin |
go n look for those tamasek holding stock.... | ||||
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Fairygal
Veteran |
02-Jun-2009 12:56
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x 0
x 0 Alert Admin |
So in short, what's the catch? Win-win, win-lose or what other possibilities? | ||||
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trueview
Senior |
02-Jun-2009 12:41
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x 0
x 0 Alert Admin |
??? huge right issue can push share price up 13%..is it another chatter..big eat small?
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Andrew
Master |
02-Jun-2009 12:41
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x 0
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It rise because it look more like a privatisation plan leh than a rights issue. The company get 75% recaptialise, T ownership will increase as they will mop up all the rights. It is better to be a 89% owner than a 70% lor.....and also, many owners are probably short term player. As long as 66% of the weighted minority shareholder giveup their rights, that it lor......... Plus all this bad news about NOL going to lose money until 2010 by most MFTs.........what's your take.....?? Sell Rights Keep Mother, Exercise Rights and Keep Mother or simply sell everything ???
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Alligator
Veteran |
02-Jun-2009 12:30
Yells: "learning from past " |
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x 0
x 0 Alert Admin |
Uncle AK, r u not affected by so many SELL call on NOL? | ||||
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