Latest Forum Topics / Olam Intl | Post Reply |
Ramping up its capex
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DnApeh
Master |
08-Sep-2009 23:04
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noble share price may overtake this one. | |||
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Peg_li
Master |
08-Sep-2009 22:56
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Today, noble, straitasia, indo, EZA all burst. but olam just a few cents up, I think tomorrow or coming days is olam's day. olam's price shoul be far bigger than noble. it will burst soon!
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dealer0168
Elite |
08-Sep-2009 22:54
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Btw to avoid confusion, this price i got in yesterday.
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dealer0168
Elite |
08-Sep-2009 22:47
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Hopefully the price i got in at $2.29 is a good entry price. Cheers. |
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raymondho
Senior |
08-Sep-2009 17:44
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Olam today surged to 2.38 with hugh vol breaks into the gap zone 2.45 - 2.36 it looks like start mending upthe gap. Reading from today's chart, candlesticks show bullish engurfing. indicates an upswing by tomorrow. MACD yet negative, this shows that MACD is a laggard indicators, I would rather take it as a rallly alert although it's not sensitive but we still can find the sign of turning up underwater. CCI advanced from -300 to -104 and towards 0 and above soon, stochastics %K 25 and %D 17 shows uptrend direction. Now we can take it's bond issue of 400 mil as a very good news as it's 7 years convertable at price 3.08 with a 6% coupon, that means as from now, they have more than enough hard cash pump into the operations. This piece of news may now be starting brewing. let's wait and see tomorrow. Personal view only, not a call for buy or sell. |
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ronleech
Master |
08-Sep-2009 16:53
Yells: "Believe in yourself. Ride with the waves......" |
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high time for this counter to perform...... been sleeping since the day it announced the 400mil thingy.... | |||
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dealer0168
Elite |
03-Sep-2009 08:23
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Hope below $2 can be seen again. Than we can join the party. Cheers.
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raymondho
Senior |
03-Sep-2009 00:07
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Acquire 14.4% of Kiwi-style daily farm, needs only 9.9 million USD, about S$14 millions. The 7 years convertable bond raises 400 millions, after offsetting 14 million for farm acquisition, there still 386 millions free cash. What are the usage of these hot cash? The conversion price 3.08? in 2016? So, why ppl worry about the dilution of Net Asset value? Who wants to convert it with 3.08 for only 2.30 stock now? I think this does not seem logical, but if you belief in TA, the chart tell you px is at its support line 2.27 (Fibo 23.6% level), may reverse anytimes from now, only personal view for sharing, do point out my wrong interpretation of chart, thank you. |
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smartrader
Elite |
02-Sep-2009 20:34
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accumulate on weakness as this is a strategic investment for temasek.. future commodities/foods supply for singaporeans.. | |||
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ronleech
Master |
02-Sep-2009 17:11
Yells: "Believe in yourself. Ride with the waves......" |
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Ya lor...converting in 2016...now start throw makes me lost money... | |||
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vostro69
Member |
02-Sep-2009 15:31
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“People start to get jittery once you mention convertible bonds,” a trader from a local brokerage house said. “Once these bonds get converted their earnings will be diluted.”
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raymondho
Senior |
02-Sep-2009 14:56
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Look good! Buying time! Px has broken Bollinger Band's lower boundary 2.35. Bottom fished fews for dinner time. |
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ronleech
Master |
02-Sep-2009 08:34
Yells: "Believe in yourself. Ride with the waves......" |
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This is the true reason behind the halt.... NEWS RELEASE - OLAM INTERNATIONAL SUCCESSFULLY LAUNCHES 7-YEAR CONVERTIBLE BOND ISSUE TO RAISE US$400 MILLION Bond issued with an annual 6.0% interest and at $3.08++........ But i dun understand the impact...anyone care to explain? Thanks. |
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ronleech
Master |
01-Sep-2009 22:20
Yells: "Believe in yourself. Ride with the waves......" |
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Looks like this is not the news...the below news release at 12.50pm...but trading halted after lunch break..... | |||
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ronleech
Master |
01-Sep-2009 21:53
Yells: "Believe in yourself. Ride with the waves......" |
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Althought it is good news but market very choppy....hope for the best lor.... | |||
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Hulumas
Supreme |
01-Sep-2009 20:43
Yells: "INVEST but not TRADE please!" |
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Yes, it is sooner than what you expected.
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el7888
Veteran |
01-Sep-2009 15:37
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ronleech
Master |
01-Sep-2009 14:26
Yells: "Believe in yourself. Ride with the waves......" |
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Olam international acquires 14.35 stake in New Zealand Dairy Farming System.... Donno if this was the halting for.... |
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ronleech
Master |
01-Sep-2009 14:14
Yells: "Believe in yourself. Ride with the waves......" |
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Trading Halt!!! Any rumours? | |||
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Ucrano
Member |
01-Sep-2009 11:39
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Any chance to hit 2.6 soon? |
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