| Latest Forum Topics / Neptune Orient L Rg |
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NOL
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sgng123
Supreme |
08-Jun-2016 00:03
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Cma wanna buy everyone in open market lol, they even put 570mil buy bid which is the exact amt left lol. They feeling very insecure about temasek promise that most retail investors would do nationatl service and support deal lol. They draining every floating shares in market lol. |
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jackson5
Master |
07-Jun-2016 23:38
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CMA bought 3,170500 at 1.30 today. |
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sgng123
Supreme |
07-Jun-2016 22:49
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Check out page29 on offer book on sgx listing manual rule, 90% needed to delist or force buy. Cma did manage to cover it ass lol, they just omit the language on the important page with mandarin translation, trying to con the old ah peh. |
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famouspinky
Supreme |
07-Jun-2016 22:47
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Bad, bad cma
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sgng123
Supreme |
07-Jun-2016 22:37
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1 thing to note in offer letter, they intentionally omit out the 90% they must cross to delist or force buy. Whereby in sgx notice the 90% threhold is mentioned, tactic to scare retail investors which i don quite like. Trying to con old investors who hold nol in cpf acct |
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sgng123
Supreme |
07-Jun-2016 22:23
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If getting 70% can do anything they want, why lot of privatisation precondition is 90% nè eded before it go unconditional. CMA offer is one weird one only need 50% to go unconditional, that mislead ur dealer as when deal go unconditional that meant over 90%. CMA trying trying to pull off one on investors misleading info on unconditional term, 
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sgng123
Supreme |
07-Jun-2016 22:17
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In order to delist nol or do compulsory force buy free floating share on public must be less than 10%. So getting pass 90% is a must before they can hold special shareholder meeting. Kick ur dealer he another boot licker who suck up to cma. 
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jackson5
Master |
07-Jun-2016 22:11
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Hi Sgng , Not to offend you or anyone here , have asked around about CMA must have 90% to get merge plan and divesting port assets , my dealer told me as long as CMA can ganer 70% of the total vote , should be able to push thru ??? Hope some friends here help to double check on this so that we know whether we are fighting a war which is to our advantage or not . Thanks.
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chemster
Member |
07-Jun-2016 22:05
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I've 22 lots. Thinking of just holding it? | ||||
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jackson5
Master |
07-Jun-2016 21:55
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By the way , I also recd offer letter today , will read thru tomorrow just to learn something about GO . Today 1,383100 shares done at 1.305 . Hedge funds buying ? |
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sgng123
Supreme |
07-Jun-2016 21:47
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A lot of thing at stake, failure to get 90% and delist nol would screw up cma merger plan and causes major delay in new alliance setup next year. NOL, CMA and Temasek had to convince investor to accept go.CMA must be fuming now lol low takeup rate in open purchase to push them to 90%. Banks supporting deal now also scared hedge funds might join in the fun and make it difficult to delist. A lot is at stake national interest too if deal fail to get 90% |
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jackson5
Master |
07-Jun-2016 21:38
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Looks like they are have a concerted effort to put up a show , hinting retail investor to accept the GO.
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famouspinky
Supreme |
07-Jun-2016 21:35
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A sad case of 40 years of hard ship to build.
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sgng123
Supreme |
07-Jun-2016 21:21
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Not much interest since the deal exclude investor interest, it a deal between cma and temasek we got no say . Just follow crowd and see if offer can hit 90% before signing on
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Observers
Elite |
07-Jun-2016 20:29
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Still so much interest in this counter? Maybe you guys want to register for the  " SIAS Dialogue Session with Neptune Orient Lines Limited (NOL)" vent Date:10 June 2016 Event Time:7.30pm - 9.30pm Closing Date:09 June 2016 Medium:English Venue:SGX Auditorium http://sias.org.sg/index.php?option=com_event& controller=show& task=show& id=551 Seems like there would be a CMA CGM rep (Group CFO) there to answer queries as well.   |
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sgng123
Supreme |
07-Jun-2016 20:28
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5mil traded today with 570mil buy bid 19m sell lol, who selling lol can save on brokerag. Hope bb challenge the offer and bid up in open then we got show otherwise it boring seeing who blink first |
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AndyLoss
Master |
07-Jun-2016 20:12
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GoT the Letter..:) | ||||
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sgng123
Supreme |
07-Jun-2016 16:35
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If take losses on this offer no worry, major correction would come due to weak global economy. Can buy cheap cheap blue chip 20 to 30% discount, sti most likely would test this year low of 2550 |
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sgng123
Supreme |
07-Jun-2016 15:42
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Don worry too much the offer is 100% go when temasek submit bid, 1.30 is almost guaranteed. Those hoping for more need to monitor market these few weeks for volume traded since sellers alm9st taken out |
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sgng123
Supreme |
07-Jun-2016 15:27
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Offer only go unconditional when th submit bid most likely this week. Would be monitoring take up rate before decision
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