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OLAM_OLAM

Isolator
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31-Dec-2012 11:11

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Yells: "STI is hard landing to below 2000..."

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come come below $1.2....

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Kensonic77
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31-Dec-2012 11:02

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Not comfirmed yet:

http://www.telegraph.co.uk/finance/globalbusiness/8024112/Louis-Dreyfus-in-talks-with-Olam-to-create-global-commodities-giant.html

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stkoh78
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31-Dec-2012 10:43

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U need to liaise with remiser. I have no issue with my remiser who will make arrange with their finance dept.

SgxTrader ( Date: 31-Dec-2012 09:51) Posted:

Just a short question.. I sold my first share last friday, can I buy the share today so that both the trades settle on Friday? (Since tomorrow is public holiday)..

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SgxTrader
Member

31-Dec-2012 09:51

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Just a short question.. I sold my first share last friday, can I buy the share today so that both the trades settle on Friday? (Since tomorrow is public holiday)..

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Obfuscate
Senior

31-Dec-2012 09:15

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Thx counter.

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counter
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31-Dec-2012 07:59

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There was a news article on September 25 2010 in The Straits Times on the merger talk between Olam International and the French giant Louis Dreyfus, by Gabriel Chen.

In the article, Jim Rogers was said to be an Olam shareholder.

Obfuscate ( Date: 30-Dec-2012 13:49) Posted:

Can share the source/ link your info pls?

counter ( Date: 28-Dec-2012 17:48) Posted:

One can easily find out that Jim Rogers was already an Olam shareholder before 19 nov 2012 if he bothers to do a simple check

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counter
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30-Dec-2012 20:32

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Read the post carefully.

From sep 2008 to dec 2009, his wealth more than doubled due to his profit in the stock market. So is he a person without foresight in your view?

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wanglausern
Senior

30-Dec-2012 20:30

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Am talking about 2009 and not 2008!

Don't turn and twist for only snakes do!

counter ( Date: 30-Dec-2012 20:26) Posted:

Simply because you don't rent your residence, you don't agree with people who do. What type of mindset is that?

It seems to me you define a person with foresight as one who has made money in every single area. This type of person does not exist. Jim Rogers is a commodity guru, not a property expert.

I know of a person who put off the purchase of a property in 2009 and hence by your calculation, he did not reap the benefit of 60% to 80% of property appreciation. However, the reason he put off the purchase was so that he had more funds to invest in the stock market. From sep 2008 to dec 2009, his wealth more than doubled due to his profit in the stock market. So is he a person without foresight in your view?

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counter
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30-Dec-2012 20:26

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wanglausern
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30-Dec-2012 18:49

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If he's that successful and has got good foresight, he should have bought his bungalow in 2009 and by now its value has appreciated by 60% to 80%.

counter ( Date: 30-Dec-2012 04:55) Posted:

Although he is renting a 6400ft bungalow in Bukit Timah, it does not neccessarily mean that this is all that he can afford.

Anyone with some economics sense should know this.

Are you sure that you are puzzled over this?

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wanglausern
Senior

30-Dec-2012 18:42

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How do you know if Temasek didn't incentivise J R to endorse Olam?

Anyway what is the big deal about his small position in Olam?

If he exercised his 5m to 10m position for the rights issue then it's significant to me.

I am no billionaire, but I don't rent my residence.

counter ( Date: 30-Dec-2012 04:55) Posted:

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Rosesyrup
Veteran

30-Dec-2012 18:38

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Yells: "Get your own opinion, don't follow blindly."

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Regarding your statement " Sunny quoted " We will take stock and see whether we need to slow down, decelerate, recalibrate. We're convinced that we've got a great strategy . . . but we might recalibrate . . . the pace at which we are doing things," . Sunny merely felt that the company's acquistion plan might be too agressive and too rapid, thus leading to investors' doubt and uncomfortableness. Sunny did not say anything about the firm has difficulty in its debt repayment. If you think that investors' uncomfortableness is a fundamental problem, I have got to fully agree with you. Although it is true that some investors are concered with its high debt, there are still a large number of investors who are willing to buy into Olam. This can be easily seen from Olam current share price- Olam's market value is merely 8% less than what it was piror to MW's attack. Thus such fundamental " problem" is not a major concern for me and it appear to me that the most of the shareholders remain comfortable with this firm.

As for the " much anticpated second report from Olam" , I am not sure who is anticpating such a report. You or the market? MW's 133 pages report has already been retorted by Olam's 45 pages report. After its 133 pages report, MW has yet to make any new claim- " new" is the key word here. What is there for Olam to response to? Maybe you would like to quote us some articles on market expecting Olam's second report. As for your demand for a perfect company without any weakness, perhaps Olam with its high debt is reallynot an investment option for you and you should seek for other counters. If you are kind enough, you might like to share with us who are the perfect companies before you leave for other topics on this forum. Remember to quote us the reasons and your definition of a " perfect firm" too- maybe a firms which are monopoly and have 100% of its assets in cash are perfect firms? Thanks in advance.

You have also raised the concern that many of the forum users, who posted supportive comments about Olam, are actually multiple accounts owned by the same person. However, this is something that you can't verify or prove. So what happened to your call for a " more balance,truthful and enriching discussion in a respectful manner" , when you keep harping on something you can't prove? Why not be more respectful, and give everyone on this forum the benefit of doubt. Afterall when it comes to discussion, it's the content of the comments that matter, not the person behind it- be objective!!!!

Before I end my comment here, I would like to reiterate the great opportunity I see in the agriculture business in the coming years. Comparative advantage (CA) of farming lies with developing countries due to its cheaper labor, land and other legal aspect. However, for decades developed countries (mostly from Europe) have distorted such CA, by providing their farmers with generous subsidies- for political reason.Such large subsidies lead to great competition for firms in developing countries who giving out lesser subsidies. As a result, agriculture firms in developing countries recieved much thinner margin and are forced to operate in a much more efficient manner in order to survive. Nevertheless, the situation is changing, the recent European financial crisis have forced many of its government to reform: cut subsidies to farmers and move to export goods that they have CA in. One of the most recent example is Dairy farmers from France, Germany, Luxembourg, and the Netherlands went on a strike aganist the low purchase price set by their governemts.

Refer to http://www.telegraph.co.uk/news/worldnews/europe/eu/9705438/EU-dairy-farmers-spray-Brussels-parliament-with-milk.html

With the European nations moving away from subsidising agri businesses, we can expect farmers in these nations to shift toward other industries that their countires have CA in. This would in turn reduce the competition for agri firms operating in the developing countries, and their margin would also improve. Most of Olam operations are in developing countries. Olam with its newly acquired business units would provide it with the economies of scales it needed to compete in the agriculture industry when the world economy recover.

Just as the lemon are pretty good, grapes are pretty sour too.

Octavia ( Date: 30-Dec-2012 12:59) Posted:

Another aspect of your self denial on your part.

You said Sunny has a lot to learn from this episode to bring Olam to a new high. It is good to know that he is doing reflection. Sunny quoted " We will take stock and see whether we need to slow down, decelerate, recalibrate. We're convinced that we've got a great strategy . . . but we might recalibrate . . . the pace at which we are doing things," Isnt this statement as self admission that something is not working fundamental right?

I reckon investors are waiting in anticipation for the second rebuttal report from Olam. I asked myself " why the management would take such a long time to come out a report.Dont they have a very the experienced team working inside?" Maybe the report is not coming out afterall with fear of more scrutiny and might damper the share price.

I am not here to talk down the company,just that I wish to find out a balance and true views of this counter before any investment.

counter ( Date: 29-Dec-2012 13:17) Posted:

This is a good article. It clearly points out the weaknesses of Olam, strengths aside. I agree with the author when he says

“In the longer term, the final outcome can be very different in Olam's case. However, this can only happen if it uses the new funds to improve its operations, business model, strategies, capital structure and governance. If it is business as usual for Olam, then it risks ending up the same way as ABC.”

Sunny has a lot to learn from this episode to bring Olam to a new high. It is good to know that he is doing reflection.

" We will take stock and see whether we need to slow down, decelerate, recalibrate. We're convinced that we've got a great strategy . . . but we might recalibrate . . . the pace at which we are doing things," Mr Verghese told The Business Times yesterday

http://www.asiaone.com/A1Business/News/Story/A1Story20121130-386829.html

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counter
Senior

30-Dec-2012 14:48

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The discussion started with me pointing out that you contradicted yourself of the objective of the bonds rights issue but ended up with you accusing me of opening many accounts to drum up support. You call this a fruitful discussion.

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counter
Senior

30-Dec-2012 14:32

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You can't get a fruitful discussion by making baseless accusations and by jumping from topic to topic.

Octavia ( Date: 30-Dec-2012 13:56) Posted:

There is no time frame required of me to answer to any queries or share my views. I am not here to impress with fast replies,announce my holdings,soliciting bewilder answers and canvassing Q & A.

Unlike someone here earlier who has mutiple accounts using them to drum up support for own ulterior motives.I am so glad that all those fricitious accounts have been flushed out for good.Only a loser would go to such extend.

I look forward to more balance,truthful and enriching discussion in a respectful manner benefitting all at large irregardless whether you are a short seller,trader or investor.

counter ( Date: 30-Dec-2012 12:01) Posted:

You mean you can only come up with this stuff after a day.

Can I take it as you are not denying that you have contradicted yourself?

To me, the choice of raising fund is crucial for understanding the objective. In contrast, you think that the idea is a noise and this is probably the source of your confusion. You seem to have different views of the objective at different times.

Our discussion in this forum will not affect the outcome of anything. Neither should this be our purpose. It is to help improve our analytical skills

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gavinl
Elite

30-Dec-2012 14:13

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Lol. Here we go again..

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Octavia
Elite

30-Dec-2012 13:56

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counter ( Date: 30-Dec-2012 12:01) Posted:

Octavia ( Date: 30-Dec-2012 11:00) Posted:

If you look at the big picture isnt it at the end of the day he is still raising monies from the market ? The Rights Issue...according to Olam...is to pay down the old debts.Irregardless whether the management does it with this complicated package (i.e equities come with bonds and warrants)or not.

On more than one occasion Mr Verghese has said that the firm has $10 billion in liquidity. Why does it need to raise more expensive debt to pay off cheaper debt due next year? Could it not have drawn on its credit lines to repay that debt? My point is that there are many signs of desperation shown by the management which I have highlighted in my earlier thread.

Anyway, I think we should not dwell too much into the company’s choice of raising fund neither should we attempt to ask for views what the company should do or not do.Why cloud yourself with these noises? Our views do not matter to them unless you are a mole planted by the company or my views have detrimental effects to your holdings. The company should seek expert advice from the financial managers, bankers and consultants if needed to.

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Obfuscate
Senior

30-Dec-2012 13:49

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Can share the source/ link your info pls?

counter ( Date: 28-Dec-2012 17:48) Posted:

One can easily find out that Jim Rogers was already an Olam shareholder before 19 nov 2012 if he bothers to do a simple check.

Obfuscate ( Date: 28-Dec-2012 16:59) Posted:

Of course JR could have also adopted the same philosophy as yourself, counter, when he noticed the sharp drop in price and decided to go in for a ride. Nonetheless, pls listen to a few of his interviews and you will find him a colourful character.

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counter
Senior

30-Dec-2012 13:38

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You would be naive to expect someone who has a long position in a stock to talk down the company like you. You would be even more naive to expect someone who has a long position in a stock to have a negative view of the company like yours.

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Octavia
Elite

30-Dec-2012 13:27

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So your fundamental judgement is not so fundamental afterall or bcos of your stock position in this counter make you imperative to sugar coat all bad reviews.Hmm...

counter ( Date: 30-Dec-2012 13:07) Posted:

Another aspect of my self denial on your part?

When was the last time I said that Olam a perfect company?

On 28/12/2012, 16.55, I wrote

I see the weaknesses in Olam, but I see the strengths too.

Octavia ( Date: 30-Dec-2012 12:59) Posted:

I am not here to talk down the company,just that I wish to find out a balance and true views of this counter before any investment.

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counter
Senior

30-Dec-2012 13:07

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Another aspect of my self denial on your part?

When was the last time I said that Olam a perfect company?

On 28/12/2012, 16.55, I wrote

I see the weaknesses in Olam, but I see the strengths too.

Octavia ( Date: 30-Dec-2012 12:59) Posted:

I am not here to talk down the company,just that I wish to find out a balance and true views of this counter before any investment.

counter ( Date: 29-Dec-2012 13:17) Posted:

This is a good article. It clearly points out the weaknesses of Olam, strengths aside. I agree with the author when he says

Sunny has a lot to learn from this episode to bring Olam to a new high. It is good to know that he is doing reflection.

http://www.asiaone.com/A1Business/News/Story/A1Story20121130-386829.html

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