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Chart update
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Listing
Senior |
07-Dec-2012 12:35
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x 0
x 0 Alert Admin |
Scary looks like $1.20-1.30 possible waiting to vest.. | ||
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tact888
Member |
07-Dec-2012 11:55
Yells: "Learn a life-changing skill and empower yourself. tactcharts" |
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x 0
x 0 Alert Admin |
Olam Muddy Waters Saga Chart Review as at 7th Dec 2012 1030am Battle of the channels in progress. Price movement at channel cross road. Red channel vs blue channel. Take note of lower support of the blue channel. Failure of this support will see more downward pressure along the red channel. Breakdown of immediate support will probably test support zone 1 as indicated on the chart. Conversely, if price can propel above the upper resistance of the red channel then the blue channel will become the dominant channel. Take note of potential support and resistance zones as shown on the chart. Make use of support and resistance reversal trading strategies. Be nimble. View charts at http://tactcharts.blogspot.sg/ |
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tact888
Member |
22-Nov-2012 14:21
Yells: "Learn a life-changing skill and empower yourself. tactcharts" |
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x 0
x 0 Alert Admin |
Olam Muddy Waters Saga In Chart Format as at 22nd Nov 2012 12.48 pm The current Olam Muddy Waters Saga will probably see range trading between the blue immediate support zone and the red immediate resistance zone. A breakout above the red zone will meet the next potential resistance zone indicated by the green rectangle box. Take note that if there is a failure to move above the red zone and if the blue zone support does not hold an imminent slide between the blue dotted channel will be triggered. View chart at http://tactcharts.blogspot.sg/ |
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grandmaster89
Veteran |
24-Dec-2009 14:34
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x 0
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Both Olam and Noble are good companies to hold for the long term. But I feel Noble has alot more upside based on the disconnect between their valuations.
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stevenk
Member |
24-Dec-2009 13:49
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x 0
x 0 Alert Admin |
Cool....U r great. Thanks....Nice meeting u.... | ||
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grandmaster89
Veteran |
24-Dec-2009 13:17
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x 1
x 0 Alert Admin |
Initially yes when it had Temasek as a cornerstone investor. But this advantage has been negated when CIC came knocking on Noble Group's door for a 15% stake. Suddenly, Olam look like a fool to take in Temasek since Singapore is a non-player in the agriculture world and Temasek will not be able to help Olam expand into any of the new growth sectors - India, China and South America. This is unlike CIC who can easily open its doors to Noble through its PRC connections. The largest shareholder of MacArthur Coal was CITIC (state owned PRC coy) and now it is giving way to Noble Group. First tangible benefit of a CIC backing!
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stevenk
Member |
24-Dec-2009 12:46
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x 0
x 0 Alert Admin |
Hi, thanks for your details provided. In your opinion, does Olam deserved a higher premium over Noble? | ||
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grandmaster89
Veteran |
24-Dec-2009 12:36
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x 0
x 0 Alert Admin |
PE COMPARISON Noble Earnings 2008 - 579.738 mil USD No of Shares: 3,843,180,234 EPS: 15.08 US cents = 20.90 SGD cents Share Price: 3.14 PE: 15.0 Since 9M 2009 has recorded a growth of 7% in net profits, forward PE would be slightly less (14.0). A fortune 2000, CIC-backed and Asia Fab 50 company trading at PE 14!!! Olam Earnings 2009 - SGD 252 mil No of Shares: 1,991,891,683 EPS: 12.65 SGD cents Share Price: 2.58 PE: 20.4 Olam, a company with revenue, net profit and NAV thrice smaller than Noble Group is trading at significant premium over Noble. NAV COMPARISON Noble Group Net Asset Value: 3.1 bil USD No of Shares: 3,843,180,234 NAV: 80.7 US cents P/B: 2.80 Olam Net Asset Value: 1,393,397,000 SGD No of Shares: 1,991,891,683 NAV: 70 SGD cents P/B: 3.69 |
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stevenk
Member |
24-Dec-2009 12:22
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x 0
x 0 Alert Admin |
hi, does that mean Olam current share price is much more expensive as compared to Wilmar and Noble? |
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grandmaster89
Veteran |
24-Dec-2009 12:08
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x 0
x 0 Alert Admin |
EPS: SGD 12.65 cents At PE 15 (based on what Wilmar and Noble is trading), its share price should be $1.90 |
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stevenk
Member |
24-Dec-2009 11:31
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x 0
x 0 Alert Admin |
hi, have any one do a Intrinsic Value Analysis how much Olam is worth? | ||
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tanh2l
Veteran |
24-Dec-2009 11:01
Yells: "Outcome is the proof to all brilliant processes." |
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x 0 Alert Admin |
the recent vol is there, near term support shld be ok, once it breakout the wedge, it will be ok
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tact888
Member |
23-Dec-2009 16:56
Yells: "Learn a life-changing skill and empower yourself. tactcharts" |
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x 0
x 0 Alert Admin |
Rebound from resistance turned support line More details and chart at http://tact888.blogspot.com/2009/12/olam-resistance-turned-support-rebounce.html |
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