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NOL
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CSH123
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08-May-2013 21:27
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Thanks sifu
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sgng123
Veteran |
08-May-2013 17:56
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Don worry too much guys. The government had pumped in US $4 billion for fleet renewal and another loan guarantee MTN US $1.5billion, so die die NOL management had to reverse course for NOL fiscal result this year lol. otherwise PAP government would be screwed over by opposition for wasting tax payer money on money losing business. That the main reason why the Ex SAF general replaced the CEO and started to do massive cost cutting and in the process burn down lot of bridges between charters and interested parties. Lot of fat in APL to be burned, maybe need further restructuring if financial result did not improve, more head cuttings. | ||||
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coolsan
Member |
08-May-2013 17:37
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went in @ $1.80 in yr 2010...price keep going down .. cut loss around $1.4 + .Recently switch to this counter again and picked up @ $1.18 then add another 10 lot at $1.15 ...set some fund aside in case NOL call for right issue...then wait patiently .. hopefully not to have another financial crises ..
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Tomique
Master |
08-May-2013 16:03
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I got in when it went down from $2 but I bought small amount so enabled me to buy a few more to average. So my cost for 20 lots is only $1.26 which is below my budget of maximum $50K for a counter. So actually I could enter again now, but like to wait for some good news or bullishness of the counter before I buy.
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pseudo
Member |
08-May-2013 15:55
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Hopefully shipping is turning for the better and NOL would be flying high | ||||
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snooty
Senior |
08-May-2013 15:44
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do i always look back when i drive? Of course i do! need to know who is behind me sometimes.. u never know whats going to happen from behind.. prevention always better than cure.. haha..
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CSH123
Member |
08-May-2013 15:15
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u shld be forward looking in this instrument. whatever is past is past. Do u always look back when u drive?
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snooty
Senior |
08-May-2013 15:05
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At what price did u go in? I went in at 1.98.. boowoohoooo... luckily, its not a big part of my portfolio.. so just waiting patiently for the sleeping giant to wake up.. was even thinking whether i shd go in at this price to avg down.. hurhurhur..
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Tomique
Master |
08-May-2013 14:51
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I won't wait for NOL to go $2.00 like before long time ago. Would be happy with $1.50. Hope it quickly move up by end of the year.
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CSH123
Member |
08-May-2013 14:51
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because ur liu is too much so can touch this counter..no liu must fast in fast out
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coolsan
Member |
08-May-2013 14:36
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invested a bit in NOL...intend to keep for 3-5 years time. if remembered correctly that NOL building sold once in yr2008 then follow year right issue dont know this time same thing happen or not? friend working in a shipping company poured me cold water told me that she every day eng eng bo dai zi zo nothing to do in the office and foreseen that worst yet to come for this industry why still touch this counter money too much is it ? |
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sgng123
Veteran |
08-May-2013 13:24
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If global investors made a shift to high beta stocks in anticipation of economy recovery in 2014 then we all can watch out for NOL share. IT basically can zoom up very fast just as it crash down 50% in 2011 under 3 months. The sky is the limit for NOL and a bottoming is guaranteed by Temasek strong support. | ||||
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CSH123
Member |
08-May-2013 10:59
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Saw this from another thread.. The Dow Jones Transportation Average reached an all-time high for a second consecutive day after lagging behind the major US benchmark indices in April, intensifying concern that the broader market gains would soon falter. So-called Dow Theory holds that gains for the Dow Jones Industrial Average must take place in tandem with Dow Transports. A move higher for Dow Industrials can only be confirmed and taken higher with a similar rise in Dow Transports, its proponents argue. This month transportation stocks have resumed their outperformance of the major US benchmarks, including the Dow Industrials, wiping away fears of an imminent decline in shares prices. “Anyone that believes in Dow Theory has had the market’s recent bullishness confirmed by the recent move in transportation stocks,” said Kenny Polcari, director of floor operations O’Neil Securities. For those worrying about the divergence in the Transports during the past few weeks, the recent rally has confirmed the broader markets shift higher, analysts at Bespoke Investment Group said. “While things remain very overbought in the short term right now, this is a positive sign for the longer term prospects of this market.” |
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sgng123
Veteran |
08-May-2013 10:17
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1Q13 out on next tue after market close 14 May 13. Hope global investors now switching to high beta cyclical stocks since defensive stock now all very expensive. | ||||
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Blanchard
Senior |
08-May-2013 09:51
Yells: "Winners cry..... Losers smile....." |
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NOL price going up... 1st qtr result would be out anytime this week? | ||||
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sgng123
Veteran |
06-May-2013 17:41
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HSBC china ISM April report is weaker than March caused the damper to the good US job report. Still got like 6 trading days left before 1Q13. Hand off till then better to be safe than sorry. By the way no major economy news out of US this week, might see share price rebounding. | ||||
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CSH123
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06-May-2013 16:47
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currently share price is affected by cosco's news today. should be bottoming out | ||||
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sgng123
Veteran |
05-May-2013 11:07
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Lastly freight rate is not going to return to old day high due to competitive pricing by bigger ships. Cost saving and fleet renewal is key to returning to sustained profitability. How much profit going to make is going to depend how much cost saving can be achieved and how low slot cost per teu can be reduced by using better ships and lower oil consumption by participating in alliance ship sharing program. NOL is under good management as it had completed restructuring last year and participating in more vessel sharing alliance in major trade lane. Last year they retired 30 chartered ships and this year another 20+ , by 2014 fleet renewal would be completed, slot cost would go down and most likely another profitable year. Lower operating cost is another way to get better profit instead of depending on higher freight rate reverse logic lol. In short cut cost to the bone = 100% profit rebound just like how the US major companies is doing now to ensure sustained profit by cutting down cost. | ||||
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sgng123
Veteran |
05-May-2013 10:55
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I remember last year june SCFI is at all time high of 1500 and all spot rate at record high, Europe at 1900 US at 2800 but look what happen in NOL 2Q and 3Q results, it don show us the link between the index and profit expected. IT is at this point, I dislink mine trading pattern from SCFI and focus on news flowing out of US and APL website. I made decision to stay out of market after 4Q due to bad jobs data out of US and rumour of a spring slowdown helps me to avoid loss. Currently I would patiently wait for NOL 1Q13 before making any move but the easing of slowdown fear in US is good for NOL share price next week. Checking APL website, bunker surcharge is announced for transpacific service contract dating to Jan 13 in march could improve result further either in 1Q or 2Q depending. Regarding fuel movement. could easily checked at bunkerworld but all the data there is forward futures but the oil trend is moving down. Lastly at this time last year, NOL had not completed the cost saving 500M. This year got to include this cost saving 5% down in operating cost in 1Q. Using last year result to assume similar result not correct as the cost saving made is easily more than the whole year loss not to mention 2012 got 1 time restructuring loss of 118M which is not going to repeat this year whereas the 500M cost saving is reducing operating cost for good.
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sgng123
Veteran |
05-May-2013 10:39
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Not referring to sg government but US/Europe/Japan. Central banks there are printing money faster than spending it. They would continue to print till sign of sustained economy recovery, most likely overheat the economy as usual. NOL share price affected directly by US economy data , strong recovery in US economy = strong share price recovery as seen in 2010. Global central banks on money printing mode, devalue their country to make export more competitive. Just look at Yen and u know what I am talking about, Nikki jump from 8000 - 13500 under 3 months super bull run.
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