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NOL
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singaporegal
Supreme |
16-Jun-2006 15:31
Yells: "Female TA nut" |
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paulng - See article in Straits Times today - http://www.asiaone.com/st/st_20060616_24748.html |
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mamasan
Member |
16-Jun-2006 14:09
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CEO's suddden departure cannot be good news... ??? |
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paulng
Member |
16-Jun-2006 00:20
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I do not like to average down; but for stocks like NOL which is associated with Temasek Holding, I dare. I adopted the same strategy for Sembcorp when it was affected by the Solitaire case. It also brings to mind when SingTel bought over another company for $10 billion dollars and its shares dropped to about $1.20. The bureaucrats in the GLCs would somehow do something to improve the stock price, especially where member of the Lee family is involved. Maybe reputation is at stake. But this strategy requires deep pocket and maybe many years of patience. Some say that it is throwing good money to chase after bad money. Ultimately I believe that it depends on individual's conviction which strategy to adopt. Anyway one can never be 100% convicted and totally comfortable when stock market is involved. Maybe that the fun of the stock market. |
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teeth53
Supreme |
15-Jun-2006 21:04
Yells: "don't learn through life, learn to grow with life " |
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Short sell don always win one, unless news on paper say tmr there's a war or oil pipe is blasted & price suddenly went up |
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Nostradamus
Supreme |
15-Jun-2006 17:39
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NOL is heading into a cyclical downturn. Rates in several key trade routes have softened, with Asia-Europe rates declining 7% yoy and Asia/Middle East down 5% yoy. The concerns remains that newbuild capacity supply will outstrip demand, which would put more pressure on the global freight environment. The earnings downtrend should gain traction with effect from 2Q06 on the back of weaker freight trends in Asia-Europe and Transpacific trade lanes. Based on this outlook and compounded by high fuel prices, 2H06 is expected to be loss-making for NOL. Prices have fallen significantly due to the weak sentiment in the market. The market has not fully priced in the full effects of the potentially lower 2006/07 freight contracts on the Transpacific routes - evidence of this could surface only in NOL's monthly reporting of freight rates from the June period onwards. Kim Eng has reduced its target price to $1.34, based on trough valuations in a cyclical downturn of 0.6x price to book. |
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Nostradamus
Supreme |
15-Jun-2006 17:30
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The price rebounded because the local media raised the possibility of a NOL/PSA merger again as the reason for David Lim to step down. It also said that rumour of him quitting upon expiring of his contract in Jul '06 has been circulating for a while. Investors seem to like the clarification that David Lim left by "mutual consent". But we need to ask some questions. If the rumour has been in circulation for some time, why is the columnist still surpised with the departure? If David was to re-emerge to head the merged NOL/PSA entity, there would seem to be no need do a global search for a new CEO for NOL, especially at such as time of uncertainty and speculation? Why would anyone worth his salt in the shipping industry, especially a foreigner be willing to come on board after the unhappy depature of David's predecessor, Flemming Jacob? David has been credited with turning NOL around after Flemming departure. So David's departure is like not to blemish his record, with the cyclical downturn in the shipping industry. |
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hikitty
Master |
15-Jun-2006 09:56
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Yesterday and today's price rises for NOL are more likely due to SGX buying in for naked short sellers who failed to cover up at the close of business on Tuesday and Wednesday. There are "daredevils" who refuse to cover up at the close of business, hoping that the following day after they had short sold would be a "down" market. |
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nickyng
Supreme |
15-Jun-2006 09:50
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licking my wounds now :) anyway contra AscendREIT and close today..more than makeup the naked short loss for NOL :P |
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lewsh88
Senior |
15-Jun-2006 08:55
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The stock market is very fickle. Every time there is news or rumours, stock prices go up and down, especially when there is a change of CEO. NOL peaked in early March 2005 ($4.20) and has been on downtrend since. Whether it is his fault or oil price (which is beyond his control), the CEO is held responsible. Market watchers perhaps feel that it is good that the CEO will be replaced and reacted positively, driving up the price. Sheer bad luck or blessing in disguise - we wish David Lim all the best in his new endeavours. |
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teeth53
Supreme |
14-Jun-2006 22:09
Yells: "don't learn through life, learn to grow with life " |
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Ther R two possible reason, one to catch shortise and at the same time testing by big boys, today did a very good test by buy up one lot at a time. The other one is don forget Termasek have very big interest in NOL, so don play play too much with the big boys, they mean business. |
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diesel
Member |
14-Jun-2006 21:59
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NOL has been rising these past 2 days, bucking the STI down trend. With the change in CEO and cyclical downturn, NOL's biz cld be affected. Anyone has any idea why NOL is going up? |
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teeth53
Supreme |
14-Jun-2006 21:21
Yells: "don't learn through life, learn to grow with life " |
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Yes, U R rite, same day, if not buy-in 5th days, win or lose-contra is T + 3 |
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lewsh88
Senior |
14-Jun-2006 21:10
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Hi: Can somebody verify whether correct: Short selling (shorting) must be covered same day before 1700hr. Contra is T + 3. |
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teeth53
Supreme |
14-Jun-2006 20:12
Yells: "don't learn through life, learn to grow with life " |
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sorry hikitty, for address to the wrong person, hope U never mind yah... This one goes to nickyng, hope U don lost too much. |
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teeth53
Supreme |
14-Jun-2006 20:08
Yells: "don't learn through life, learn to grow with life " |
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Buying in starting on 5th days of what U has shorted w/o owning scripts. |
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teeth53
Supreme |
14-Jun-2006 20:05
Yells: "don't learn through life, learn to grow with life " |
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I tot U should have bot back at what ever prices before 17:00 hours just to close all shorting deal U make, so that they will be NOooo hang over or left over. I know U knew tomorro U can not really tell what will happen even if U R a very experience stocks trader, so i guess U made a $, U give back more then a $, buy-in, it's always two click above the currnet trading prices and sometime before lunch time. |
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nickyng
Supreme |
14-Jun-2006 10:04
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ya man...naked short yester...didnt close yet...wah..seow liao..NOL 1.71 today...wonder when will SGX buy-in??? oopss...shld hv listened :P |
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teeth53
Supreme |
13-Jun-2006 21:44
Yells: "don't learn through life, learn to grow with life " |
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hikttty, like i said before it is going to be tough even now, profit drop due to high oil consumtion by NOL ship, anyway hope greed do not get into your way br shorting. I think NOL margin is getting smaller and shorting it even becoming your dangerous games of chance. |
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hikitty
Master |
13-Jun-2006 18:08
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Nicky - did u get yourself "deep fried" by shorting. The margin was too narrow . Unless one is a stockist, and bought "tua tua", how is one to make money by going short or long today? |
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nickyng
Supreme |
13-Jun-2006 15:31
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yet to close my position....wonder can cover b4 end of the day??? hee..... |
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