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NOL
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phillee
Member |
24-Jun-2009 14:30
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Hi, I'm new here. I like your explanation about the nol rights. Sure appreciate it. | ||||||
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aircraft
Veteran |
24-Jun-2009 14:24
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Oh I see the correlation nw.. disregard my last post | ||||||
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aircraft
Veteran |
24-Jun-2009 14:22
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Hmm, anyone knows why the NOL R is trading at such a low price? tot hold and buy at 1.30 shld be much more profitable then selling the NOL R at such a low price.. Thanks. | ||||||
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Alligator
Veteran |
24-Jun-2009 13:20
Yells: "learning from past " |
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1. Yes. On comment about price drops, that is market sentiment and force. it can go either ways. Many factors and players collectively make the market. 2. NOL R is counter for nil-paid rights of 1 lot=1000 shares, NOL R750 is nil-paid rights of 1 lot=750 shares. If you are entitled shareholder, your CDP statement should show this morning on exact quantity of rights you are entitled. these counters are set up for trading of nil-paid rights from 24 June to 2 July. People who do not wish to pay 1.3 to subscribe the rights can sell their nil-paid rights in the market during this period. If you want to subscribe your entitled rights, you DO NOT sell, you HOLD them and pay 1.3 each before closing date 8 july.
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StVier
Member |
24-Jun-2009 11:12
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Hi all, I'm new to involvement in Rights so I hope to obtain some valuable advice from you veterans. 1. Does the shares obtained via Rights get merged into the Ordinary share pool which I hold now? From what I read so far, it seemed to suggest that as it gets closer to final day of rights subscription, the price will drop towards the rights offer price? Or will the price stay with the trend, effectively benefiting (based on current price) those who subscribe to rights? 2. What is that NOL R and NOL 750 counters? NOL R is rights trading, meaning those that I that subscribe to can only be traded in this counter? What about NOL 750 then? Sorry for my ignorance. |
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louis_leecs
Elite |
23-Jun-2009 22:54
Yells: "half cash" |
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rival maerks holding say container going to drop 10%,,,,,,,,,,,,,, | ||||||
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matthewsoh
Senior |
23-Jun-2009 22:40
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Try not to contra these few days ... unless you are on the right side of the waves ... quite scary .. and it is for those who can hold beyond the contra time ... Yup Cheer ,watching transformer later. |
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dealer0168
Elite |
23-Jun-2009 19:53
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But do take note of the BDI index for those who play short term like contra. | ||||||
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dealer0168
Elite |
23-Jun-2009 19:38
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Good news for NOL.....:
Neptune Orient Lines (NOL SP), Southeast Asia’s biggest container carrier, added 1.3% to $1.57, erasing losses of as much as 3.2%. Citigroup Inc. reiterated its “buy” rating and share-price target of $2, saying “shipping volumes face limited downside risks from current levels.” .
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matthewsoh
Senior |
23-Jun-2009 18:26
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If market good , NOLR will be good NOL will be good!! YUPPIES .. One week to play
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Alligator
Veteran |
23-Jun-2009 17:05
Yells: "learning from past " |
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x 0
x 0 Alert Admin |
Tomorrow 24 June is start of rights trading period
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matthewsoh
Senior |
23-Jun-2009 17:01
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TMR to next week NOL will soar ... if market sendiment is good !! NOL proven to rise among the reds... haha cheong Cheong ... |
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Alligator
Veteran |
23-Jun-2009 16:53
Yells: "learning from past " |
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Interesting BUY call with TP 2.00 from Citi after NOL released P5 info. 22 June 2009 9 pages NOL (NEPS.SI) Buy: May 2009 Operational Update – Downside Risks are Limited May-09 data — NOL’s May-09 revenue/TEU and shipping volumes were flat MoM and -23%/-21% YoY, the latter due to base effects. Mid-year seasonality will likely lift volumes slightly in coming months while rates may be forcibly raised from current “unsustainably low” levels. While the longevity of these positive data points is debatable, we re-iterate our view that freight rates and shipping volumes face limited downside risks from current levels. Industry financing woes have eased — Recent improvement in equity and credit markets provides an opportunity for shipping companies to plug their funding gaps at a lower cost. Concurrently, better access to liquidity will also allow financially stronger players to acquire assets from their more distressed counterparts. The revival of the sale and purchase market may set visible price benchmarks that may, in turn, trigger loan-to-value covenants embedded in shipping loans, forcing further distressed sales. Well-positioned for consolidation phase — NOL’s FY09E net gearing of 0.1x is one of the lowest in its operating history (Figure 4) and also one of the lowest amongst peers (Figure 5). NOL’s ability to make acquisitions from a position of strength is a distinct advantage as the industry enters a consolidation phase. Maintain Buy/High Risk — Our S$2.00 (ex-rights) target price is based on 1.3x FY09E P/B, similar to levels seen in 2002 recovery. Catalysts: 1) ability to raise rates above current “unsustainably low” levels; 2) volume recovery as global trade resumes; 3) accretive acquisitions. Risks: 1) a prolonged economic recovery; 2) over-paying for acquisitions; 3) persistent vessel over-supply. |
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dealer0168
Elite |
19-Jun-2009 23:25
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Agreed, this few weeks NOL stock price will not be stable bc of the RIGHTs effect. Preferable for those that vest in this counter, look at long term.......... |
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iPunter
Supreme |
19-Jun-2009 22:50
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This stock is promising for a longer term, but I am worried about the rights effect. |
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Alligator
Veteran |
19-Jun-2009 21:39
Yells: "learning from past " |
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just see the chart. nice to stay in the channel, inspites of the drop caused by the ex-rights adjustment  |
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matthewsoh
Senior |
19-Jun-2009 20:57
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yup I seconded! ... Now come to think , those shortist who purposedly sold down the prices these two days during the last minutes had their backside BURNT. Serve them right. Cos see the unorthodox way of bring them price down pissed me off. HAHA... now I got the last luff. If you sell cheap , I will buy and sell at the higher price to you at a higher price !! Cheers:) I valued true players here .. :)
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Alligator
Veteran |
19-Jun-2009 11:04
Yells: "learning from past " |
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from NOL BOD CLARIFICATION ON MEDIA REPORTS SUGGESTING APL’S INVOLVEMENT IN KAOSHIUNG PORT CORRUPTION AND FRAUD CHARGES It has been noted that various media reports since late evening of 18 June 2009 had suggested that the Company’s subsidiary, APL, was involved in certain corruption and fraud charges relating to the falsification of data to claim performance incentives from the Taiwan government. The Board wishes to clarify that whilst 3 employees and 1 ex-employee of APL Taiwan are among the persons indicted or to be indicted on the aforesaid corruption and fraud charges, none of the NOL group companies (including APL) has been indicted on such charges. The Company denies any involvement in this matter. The Company has a firm policy and takes a serious view against, and does not condone, corruption and fraud. By Order of the Board Wong Kim Wah (Ms) Company Secretary Date : 19 June 2009 |
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des_khor
Supreme |
19-Jun-2009 10:47
Yells: "Tell me who is the God or MFT from this forum??" |
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x 1 Alert Admin |
APL corruption in Taiwan ?? don't know is it true ?? | ||||||
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iPunter
Supreme |
18-Jun-2009 20:57
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x 0
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There's good promise in this counter...
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NOL R