Latest Forum Topics / Olam Intl | Post Reply |
OLAM_OLAM
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Obfuscate
Senior |
21-Jan-2013 09:50
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http://www.businesstimes.com.sg/premium/top-stories/olams-finances-still-far-too-opaque-20130119 Writer comments: "   I see no legitimate excuse for spending $18.3 million of shareholder funds on underwriting fees to firms who aren't even really underwriting, and potentially many millions more on frivolous, unenforceable lawsuits, while rejecting a few hundred thousand dollars for an independent rating agency review." |
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tonylim
Master |
15-Jan-2013 09:24
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Switching to another stocks as I think it will be stuck at this price level for quite some time.
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mcking
Member |
14-Jan-2013 20:04
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Director selling the rights!!!!  This sucks.  |
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Obfuscate
Senior |
10-Jan-2013 16:29
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The revision in  12 month price target appears to be  rather late. UBS had a TP of $3.50 in Jun 2011 when mkt price was $2.60 and  TP was revised to $2.95 when mkt price was $2.47 in Jan 2012. The reality is,  since Oct 2010,  Olam share price has been sliding with  lower lows and lower highs. So no matter how brilliant the analysis is, the result is the opposite.
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Obfuscate
Senior |
10-Jan-2013 16:05
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No need to blame it on complex instrument. More seller than buyers = price declines.
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tonylim
Master |
10-Jan-2013 11:07
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Agree However, Shortists may be played out by this UBS recommendation.
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Peter_Pan
Supreme |
10-Jan-2013 11:03
Yells: "did you order dunkin' donuts" |
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Have to play by ear, considering the major shareholders has deep pockets.
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tonylim
Master |
10-Jan-2013 11:01
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Not all anayst's recommendation can be taken seriously.
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Octavia
Elite |
10-Jan-2013 09:42
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Olam's nil-paid rights dive 34.7% as shares slide.
Some attribute big swing to difficulty in pricing complex instrument.
Read more:http://www.businesstimes.com.sg/premium/top-stories/olams-nil-paid-rights-dive-347-shares-slide-20130109
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stockwinner
Member |
09-Jan-2013 23:12
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Vested a bit for both...
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Peter_Pan
Supreme |
09-Jan-2013 09:22
Yells: "did you order dunkin' donuts" |
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UBS downgrades Olam to 'sell' from 'buy' UBS downgraded Olam International Ltd  from 'buy' and cut its target price to S$1.33 from S$2.95,  citing uncertainties around the cost of its Gabon project.  Olam shares were down 0.3 percent at S$1.60 by 0100 GMT,  around 8 percent below the level they were at before  short-seller Muddy Waters launched an attack on the commodities  trading company for its accounting practices and aggressive  acquisitions.  UBS said the World Bank now estimates the total cost of the  Gabon project to be at $1.5 billion to $2 billion, compared with  Olam's initial estimate of S$1.3 billion.  " A cost overrun and project delays significantly increase  the risk to management's target of turning free cash flow  positive by 2015," said UBS in a note.  The brokerage also said its bankruptcy analysis of Olam  shows the company's financial position has deteriorated to below  financial health levels, but remains above distress levels.  " A number of concerns have arisen in recent months," said  UBS, including Olam's earnings quality and growth, deteriorating  returns on asset investment, the risk of Nigerian export credit  write-downs, management compensation, the recent share buyback  considering its capacity expenditure requirements and negative  free cash flow.  0901 (0101 GMT)  (Reporting by Charmian Kok in Singapore Anupama Dwivedi   charmian.kok@thomsonreuters.com)  Keywords: MARKETS SINGAPORE STOCKSNEWS/OLAM  |
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iPunter
Supreme |
09-Jan-2013 08:32
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Very wise and discerning of you to just " buy a bit" ... That's a good move.     But I tend to think it will drop today (ie. Olam & GentSp)..           But please don't let my thinking affect your decision a bit...
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stockwinner
Member |
09-Jan-2013 08:16
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Anyway.. i might consider to buy a bit today... and another good gems... genting sp as well...good luck
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iPunter
Supreme |
09-Jan-2013 07:35
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Lol... That's a flag, yes, but that's hardly a good flag...  It is out of proportion... 
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stockwinner
Member |
09-Jan-2013 07:16
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No nice yet...unless bounce back today....
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bishan22
Elite |
09-Jan-2013 05:14
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Forming a nice bull flag.  | ||||
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Obfuscate
Senior |
08-Jan-2013 17:32
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No big deal lah when you  check out  where Olam was  in Oct 2010 vs now. The price has fallen by more than half despite all the rosy analysts' calls.
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oldflyingfox
Master |
08-Jan-2013 17:27
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You could buy and sell the rights just like other shares, it will be quoted as " Olam R" . I think the trading period is only within a week. To exercise it, you could do it by submitting the  form that  mailed to you or through the ATM machine.
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Isolator
Supreme |
08-Jan-2013 17:19
Yells: "STI is hard landing to below 2000..." |
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Why still around? Run....  hmmm.... |
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stockwinner
Member |
08-Jan-2013 16:49
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Must not break $1.58 support... |
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