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Latest Forum Topics / Olam Intl  Post Reply
OLAM_OLAM
beng1102
Elite
09-Sep-2021 16:07     
 
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 Alert Admin 		I think it is going to test the 53week high of 1.87.  I am just resisting selling, so tempted to take profit

FATABA      ( Date: 09-Sep-2021 13:14) Posted:

Definately in the right direction for OFI listing ...esp w his experience and listing in LSE . 
I wonder how much more then the est $3B listing can they get out of this ....excluding SGX listing too 
Olam will have an exciting period in the next 6/12 mths. 
Dyodd

PhillipTan      ( Date: 09-Sep-2021 13:08) Posted:

Olam picks former Unilever chief to chair food ingredients unit' s board

Agri-food giant Olam International on Thursday named Unilever veteran Niall FitzGerald as the first chair of Olam Food Ingredients' (OFI) board of directors with effect from Sept 9.

Formerly chief executive officer (CEO) and chairman of Unilever, Mr FitzGerald' s executive career at Unilever spanned 37 years up until his retirement in 2004. This included 18 years as an executive board member at the multinational consumer goods company, during which the Irishman served as finance director, foods director and detergents director up until his appointment as chair and CEO in 1996.

Mr FitzGerald is currently chair of the UK' s grant-making organisation Leverhulme Trust as well as British advisory firm Hakluyt International Advisory Council. He is also a patron of the British Irish Chamber of Commerce.

His previous chairmanships include Reuters, Brand Learning, British Museum, Nelson Mandela Legacy Trust, International Business Council and the Advertising Association. He has served on the boards of several organisations, including Bank of Ireland, Ericsson, Merck and Prudential Corp.

In a press statement, Olam' s board chairman Lim Ah Doo said Mr FitzGerald' s appointment comes as an important step in its ongoing preparations for the concurrent listing and demerger of its food and ingredients business unit, OFI.

" I am confident that Niall will build and lead an effective board for OFI, which will provide stewardship for sustained profitable growth and value creation with best-in-class governance for all its stakeholders," said Mr Lim.

A Shekhar, chief executive of OFI, said the new appointment comes at an important next phase of the company' s evolution, in which Mr FitzGerald' s counsel and support will be " hugely valuable" to him and his management team.

OFI was established by Olam in early 2020 following a reorganisation of the mainboard-listed group.

The unit includes Olam' s cocoa, coffee, edible nuts, spices and dairy businesses. It is targeted for a primary listing on the premium segment of the London Stock Exchange, and a concurrent listing on the Singapore Exchange in H1 of 2022.

Shares of Olam ended Wednesday at S$1.59, down S$0.02 or 1.2 per cent.

 


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FATABA
Supreme
09-Sep-2021 13:14     
 
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 Alert Admin 		Definately in the right direction for OFI listing ...esp w his experience and listing in LSE . 
I wonder how much more then the est $3B listing can they get out of this ....excluding SGX listing too 
Olam will have an exciting period in the next 6/12 mths. 
Dyodd

PhillipTan      ( Date: 09-Sep-2021 13:08) Posted:

Olam picks former Unilever chief to chair food ingredients unit' s board

Agri-food giant Olam International on Thursday named Unilever veteran Niall FitzGerald as the first chair of Olam Food Ingredients' (OFI) board of directors with effect from Sept 9.

Formerly chief executive officer (CEO) and chairman of Unilever, Mr FitzGerald' s executive career at Unilever spanned 37 years up until his retirement in 2004. This included 18 years as an executive board member at the multinational consumer goods company, during which the Irishman served as finance director, foods director and detergents director up until his appointment as chair and CEO in 1996.

Mr FitzGerald is currently chair of the UK' s grant-making organisation Leverhulme Trust as well as British advisory firm Hakluyt International Advisory Council. He is also a patron of the British Irish Chamber of Commerce.

His previous chairmanships include Reuters, Brand Learning, British Museum, Nelson Mandela Legacy Trust, International Business Council and the Advertising Association. He has served on the boards of several organisations, including Bank of Ireland, Ericsson, Merck and Prudential Corp.

In a press statement, Olam' s board chairman Lim Ah Doo said Mr FitzGerald' s appointment comes as an important step in its ongoing preparations for the concurrent listing and demerger of its food and ingredients business unit, OFI.

" I am confident that Niall will build and lead an effective board for OFI, which will provide stewardship for sustained profitable growth and value creation with best-in-class governance for all its stakeholders," said Mr Lim.

A Shekhar, chief executive of OFI, said the new appointment comes at an important next phase of the company' s evolution, in which Mr FitzGerald' s counsel and support will be " hugely valuable" to him and his management team.

OFI was established by Olam in early 2020 following a reorganisation of the mainboard-listed group.

The unit includes Olam' s cocoa, coffee, edible nuts, spices and dairy businesses. It is targeted for a primary listing on the premium segment of the London Stock Exchange, and a concurrent listing on the Singapore Exchange in H1 of 2022.

Shares of Olam ended Wednesday at S$1.59, down S$0.02 or 1.2 per cent.

 

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PhillipTan
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09-Sep-2021 13:08     
 
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 Alert Admin

Olam picks former Unilever chief to chair food ingredients unit' s board

Agri-food giant Olam International on Thursday named Unilever veteran Niall FitzGerald as the first chair of Olam Food Ingredients' (OFI) board of directors with effect from Sept 9.

Formerly chief executive officer (CEO) and chairman of Unilever, Mr FitzGerald' s executive career at Unilever spanned 37 years up until his retirement in 2004. This included 18 years as an executive board member at the multinational consumer goods company, during which the Irishman served as finance director, foods director and detergents director up until his appointment as chair and CEO in 1996.

Mr FitzGerald is currently chair of the UK' s grant-making organisation Leverhulme Trust as well as British advisory firm Hakluyt International Advisory Council. He is also a patron of the British Irish Chamber of Commerce.

His previous chairmanships include Reuters, Brand Learning, British Museum, Nelson Mandela Legacy Trust, International Business Council and the Advertising Association. He has served on the boards of several organisations, including Bank of Ireland, Ericsson, Merck and Prudential Corp.

In a press statement, Olam' s board chairman Lim Ah Doo said Mr FitzGerald' s appointment comes as an important step in its ongoing preparations for the concurrent listing and demerger of its food and ingredients business unit, OFI.

" I am confident that Niall will build and lead an effective board for OFI, which will provide stewardship for sustained profitable growth and value creation with best-in-class governance for all its stakeholders," said Mr Lim.

A Shekhar, chief executive of OFI, said the new appointment comes at an important next phase of the company' s evolution, in which Mr FitzGerald' s counsel and support will be " hugely valuable" to him and his management team.

OFI was established by Olam in early 2020 following a reorganisation of the mainboard-listed group.

The unit includes Olam' s cocoa, coffee, edible nuts, spices and dairy businesses. It is targeted for a primary listing on the premium segment of the London Stock Exchange, and a concurrent listing on the Singapore Exchange in H1 of 2022.

Shares of Olam ended Wednesday at S$1.59, down S$0.02 or 1.2 per cent.

 
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beng1102
Elite
09-Sep-2021 09:35     
 
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 Alert Admin 		Is now up strongly after healthy correction.

PhillipTan      ( Date: 05-Sep-2021 14:47) Posted:

After I posted the news of the 5 year notes, shortly after, someone posted the same news again
So... Dé jà vu...
Only if I can predict stock movements so accurately hahahaha...

 

ysh2006      ( Date: 03-Sep-2021 06:25) Posted:

May know what does it mean ? Akan datang coming


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PhillipTan
Supreme
05-Sep-2021 14:47     
 
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 Alert Admin 		After I posted the news of the 5 year notes, shortly after, someone posted the same news again
So... Dé jà vu...
Only if I can predict stock movements so accurately hahahaha...

 

ysh2006      ( Date: 03-Sep-2021 06:25) Posted:

May know what does it mean ? Akan datang coming ?

PhillipTan      ( Date: 02-Sep-2021 22:37) Posted:

I think...
I can feel a sense of  dé jà vu coming...
 


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woohoo
Member
05-Sep-2021 12:07     
 
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 Alert Admin 		Hope they going to pump up the price using the funds lol
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eagleeyes1989
Master
03-Sep-2021 14:18     
 
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 Alert Admin 		this will be SGX darling by next year. see price movement u alr know the insiders r buying up
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FATABA
Supreme
03-Sep-2021 13:23     
 
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 Alert Admin 		Beside the listing of Ofi and Oga....I would not be surprise that OLAM maybe going at large PURCHASE to boost up the 2 separated counters 
Olam could become a MAJOR regional food source supplier .......w Temasek at main holder 
Dyodd
 

Joelton      ( Date: 03-Sep-2021 09:39) Posted:

Olam prices JPY9b 5-year notes at 1.61% in private placement
MAINBOARD-LISTED Olam International Olam Intl: O32 -0.61% has priced JPY 9 billion (US$81 million) five-year notes due 2026, via a private placement, the food and agri-business company said on Thursday in a bourse filing.
 
The private placement is part of Olam' s US$5 billion euro medium term note programme. The notes were issued at a fixed coupon of 1.61 per cent, payable semi-annually in arrears. It will mature on September 2, 2026.
 
Societe Generale (Singapore) was the sole manager and swap dealer for this transaction.
 
Olam said the proceeds will be used by it and its subsidiaries for working capital and general corporate purposes, " including financing capital expenditure and potential acquisition opportunities which the group may pursue in the future as part of its strategic objectives" .
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flylow6
Senior
03-Sep-2021 12:53     
 
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 Alert Admin 		Borrow so much money this year..
Major expansion ??
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Joelton
Supreme
03-Sep-2021 09:39     
 
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Olam prices JPY9b 5-year notes at 1.61% in private placement
MAINBOARD-LISTED Olam International Olam Intl: O32 -0.61% has priced JPY 9 billion (US$81 million) five-year notes due 2026, via a private placement, the food and agri-business company said on Thursday in a bourse filing.
 
The private placement is part of Olam' s US$5 billion euro medium term note programme. The notes were issued at a fixed coupon of 1.61 per cent, payable semi-annually in arrears. It will mature on September 2, 2026.
 
Societe Generale (Singapore) was the sole manager and swap dealer for this transaction.
 
Olam said the proceeds will be used by it and its subsidiaries for working capital and general corporate purposes, " including financing capital expenditure and potential acquisition opportunities which the group may pursue in the future as part of its strategic objectives" .
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ysh2006
Supreme
03-Sep-2021 06:25     
 
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 Alert Admin 		May know what does it mean ? Akan datang coming ?

PhillipTan      ( Date: 02-Sep-2021 22:37) Posted:

I think...
I can feel a sense of  dé jà vu coming...
 

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beng1102
Elite
03-Sep-2021 00:02     
 
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 Alert Admin

1.61% is very cheap.

PhillipTan      ( Date: 02-Sep-2021 22:37) Posted:

I think...
I can feel a sense of  dé jà vu coming...
 

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PhillipTan
Supreme
02-Sep-2021 22:37     
 
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 Alert Admin 		I think...
I can feel a sense of  dé jà vu coming...
 
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PhillipTan
Supreme
02-Sep-2021 22:36     
 
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Olam prices JPY9b 5-year notes at 1.61% in private placement

Mainboard-listed Olam International has priced JPY 9 billion (US$81 million) five-year notes due 2026, via a private placement, the food and agri-business company said on Thursday in a bourse filing.

The private placement is part of Olam' s US$5 billion euro medium term note programme. The notes were issued at a fixed coupon of 1.61 per cent, payable semi-annually in arrears. It will mature on September 2, 2026.

Societe Generale (Singapore) was the sole manager and swap dealer for this transaction.

Olam said the proceeds will be used by it and its subsidiaries for working capital and general corporate purposes, " including financing capital expenditure and potential acquisition opportunities which the group may pursue in the future as part of its strategic objectives" .

Shares of Olam ended Thursday at S$1.62, down S$0.01 or 0.6 per cent.

 
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beng1102
Elite
01-Sep-2021 09:52     
 
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 Alert Admin 		Healthy correction is over and done with,  Time to buy again.

Joelton      ( Date: 01-Sep-2021 09:45) Posted:

Olam secures US$5.2b loans for reorganisation plans, general corporate purposes
 
AGRI-BUSINESS firm Olam International has secured US$5.2 billion worth of loans in part to support its business reorganisation plans, the mainboard-listed firm said in a Singapore Exchange filing on Tuesday evening.
 
The three facilities comprise a US$1.2 billion three-year term loan and two 18-month bridge loan facilities of US$2 billion each.
 
The term loan facility will be used for general corporate purposes of the Olam Group while the bridge loan facilities will be used to facilitate Olam' s reorganisation plans.
 
Olam had announced that it plans to list Olam Food Ingredients (OFI) by the first half of 2022 as part of its ongoing business reorganisation. OFI consists of the company' s cocoa, coffee, edible nuts, spices and dairy businesses.
 
The terms of the three facility agreements include provisions that allow Olam to allocate the facilities to OFI, Olam Global Agri and Olam International operating groups upon the demerger and listing of OFI.
 
Olam' s Group CFO, N Muthukumar, said in a statement: " This landmark transaction gives us significant flexibility to allocate financing across our three new operating groups as part of our reorganisation plan. We thank our banking partners for their strong commitment and support."
 
The term loan and one of the bridge loan facilities have entities from OFI as co-borrowers, while the second bridge loan has entities from OGA and OIL as additional co-borrowers. All facilities are guaranteed by Olam.
 
Citibank, JP Morgan Chase Bank, MUFG Bank and HSBC participated as senior mandated lead arrangers for the facilities. HSBC is the facility agent.
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Joelton
Supreme
01-Sep-2021 09:45     
 
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Olam secures US$5.2b loans for reorganisation plans, general corporate purposes
 
AGRI-BUSINESS firm Olam International has secured US$5.2 billion worth of loans in part to support its business reorganisation plans, the mainboard-listed firm said in a Singapore Exchange filing on Tuesday evening.
 
The three facilities comprise a US$1.2 billion three-year term loan and two 18-month bridge loan facilities of US$2 billion each.
 
The term loan facility will be used for general corporate purposes of the Olam Group while the bridge loan facilities will be used to facilitate Olam' s reorganisation plans.
 
Olam had announced that it plans to list Olam Food Ingredients (OFI) by the first half of 2022 as part of its ongoing business reorganisation. OFI consists of the company' s cocoa, coffee, edible nuts, spices and dairy businesses.
 
The terms of the three facility agreements include provisions that allow Olam to allocate the facilities to OFI, Olam Global Agri and Olam International operating groups upon the demerger and listing of OFI.
 
Olam' s Group CFO, N Muthukumar, said in a statement: " This landmark transaction gives us significant flexibility to allocate financing across our three new operating groups as part of our reorganisation plan. We thank our banking partners for their strong commitment and support."
 
The term loan and one of the bridge loan facilities have entities from OFI as co-borrowers, while the second bridge loan has entities from OGA and OIL as additional co-borrowers. All facilities are guaranteed by Olam.
 
Citibank, JP Morgan Chase Bank, MUFG Bank and HSBC participated as senior mandated lead arrangers for the facilities. HSBC is the facility agent.
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PhillipTan
Supreme
01-Sep-2021 01:09     
 
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Olam secures three committed loan facilities totalling $7 bil

Olam International, a leading global food and agri-business group, says it has secured three committed loan facilities totalling US$5.2 billion ($7.00 billion) on Aug 31.

The three facilities comprise a US$1.2 billion three-year term loan and two 18-month bridge loan facilities of US$2.0 billion each.

The term loan facility will be used for general corporate purposes of the group while the bridge loan facilities will go towards facilitating Olam' s reorganisation plan.

The terms of the three facility agreements include provisions that allow Olam to allocate the facilities to Olam Food Ingredients (OFI), Olam Global Agri (OGA) and Olam International (OIL).

Under the reorganisation plan, the above three groups are the operating groups following the carve-out, separation and demerger and initial public offering (IPO) of OFI.

The term loan and one of the bridge loan facilities have entities from OFI as co-borrowers, while the second bridge loan has entities from OGA and OIL as additional co-borrowers.

" This landmark transaction gives us significant flexibility to allocate financing across our three new operating groups as part of our reorganisation plan," says Olam' s group CFO N Muthukumar.

All loans are guaranteed by Olam.

Citibank, JP Morgan Chase Bank, MUFG Bank and The Hongkong and Shanghai Banking Corporation (HSBC) were senior mandated lead arrangers for the facilities.

HSBC is the facility agent.

Shares in Olam closed flat at $1.60 on Aug 31.
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flylow6
Senior
01-Sep-2021 00:08     
 
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 Alert Admin 		Book value is $1.827
Double listing at 3billion
Debt ar $5 billion and still profitable..
Strong shareholder with T at Ar 50%
Past 5 year dividend Ar 3 to 4%
Look like T is reaping back $$ from Olam when they first bought at $2.38..
Will it even cross $2 and beyond? We shall see in 2022..
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ysh2006
Supreme
31-Aug-2021 19:53     
 
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 Alert Admin 		Borrowed so much money $5.2 B to do business but didn't said interest rate how much....?

beng1102      ( Date: 31-Aug-2021 11:26) Posted:

This stock has healthy correction and it is in a long way up.

beng1102      ( Date: 30-Aug-2021 19:59) Posted:

Still holdings and bought more before ex-date.  Hope to see $1.67 soon
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ysh2006
Supreme
31-Aug-2021 19:35     
 
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 Alert Admin 		Price should correct 4c...$1.56 after dividend...

Contratrader      ( Date: 30-Aug-2021 17:24) Posted:

Collected 4c dividend today...px still goes up to 1.60..v shiok !    Very seldom want to pick up stocks ...
this is a stock that I picked up willingingly and no regrets ...Huat to all bros here !!
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