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Peter_Pan Supreme	07-Feb-2013 18:49        Peter_Pan About Contact  Quote this Post! Style: Flexible   Mood: Yells: "kopi-o siu dai mai hum!"
x 0   x 0  Alert Admin	Olam International, the commodity trader targeted by short-seller Carson Block, said second-quarter profit jumped 20% on increased volumes of grains, nuts and industrial raw materials. Net income was $154.1 million in the three months ended Dec 30, from $128.5 million a year ago, Singapore-based Olam said today in a statement. That compares with the $98 million estimate from Macquarie Group in a Dec. 6 report, and is the highest since the second quarter of fiscal 2010. This is the first profit report by Olam, the world’s second-largest rice trader, since Block said in November that the company will fail, prompting a share slide. Chief Executive Officer Sunny Verghese, who says the short-seller’s claims are baseless, has been making acquisitions to boost earnings. Many of Olam’s investments don’t “have any immediate impact, so they are just going to keep saying everything is progressing,” said Vincent Fernando, an analyst at Religare Capital Markets in Singapore who has a a sell rating on the stock, before the earnings announcement. Olam, partly owned by Singapore’s Temasek Holdings Pte, added 0.6% to $1.635 at the close of trading in Singapore today. The stock lost 27% last year, making it the second-worst performer on the benchmark Straits Times index. Revenue increased 9.9% to $4.94 billion. Sales volume in metric tons advanced 54% in the quarter. Biological Assets The company, also one of the top six cotton traders, today reported a net gain from changes in fair value of biological assets of $22.1 million, compared with $34 million in the quarter a year earlier. Olam’s biological assets include its almond orchards, coffee plantations, dairy cattle, and cotton crops. Block’s research firm Muddy Waters LLC said in a report on Nov 27 that Olam is “likely to fail” and questioned the way the company bought assets and booked non-cash accounting gains. Block, who said he’s betting against the stock, said Olam is “aggressive’’ is reporting gains on biological assets. These assertions were made to panic shareholders and to benefit Block’s short positions, Olam said Nov 28. It has filed a lawsuit against the short-seller and his firm for defamation. Bloomberg
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churnw Elite	07-Feb-2013 18:32        churnw About Contact  Quote this Post!
x 0   x 0  Alert Admin	Good profit . But market will go up or down..... Any comments
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skk888 Veteran	07-Feb-2013 18:28        skk888 About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	I'm not vested but performance looks ok to me.. exclude one time cost, profits rose 21%.. Err.. this is half yrly .. not sure how frequent they give interim dividends in the past.. john_ric      ( Date: 07-Feb-2013 18:22) Posted: No dividend ..................................
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john_ric Supreme	07-Feb-2013 18:22        john_ric About Contact  Quote this Post!
x 0   x 0  Alert Admin	No dividend ..................................
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Isolator Supreme	05-Feb-2013 13:22        Isolator About Contact  Quote this Post!   Mood:
x 0   x 0  Alert Admin	Enjoy...
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CrazGreed Senior	05-Feb-2013 08:11        CrazGreed About Contact  Quote this Post! Style: Combined   Mood:
x 1   x 1  Alert Admin	Pls short, I want to load more at cheaper price Isolator      ( Date: 04-Feb-2013 11:20) Posted: Shorts....lol
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Isolator Supreme	04-Feb-2013 11:20        Isolator About Contact  Quote this Post!   Mood:
x 0   x 0  Alert Admin	Shorts....lol
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Hulumas Supreme	04-Feb-2013 11:18        Hulumas About Contact  Quote this Post! Style: Flexible   Mood: Yells: "INVEST but not TRADE please!"
x 0   x 0  Alert Admin	I get it. I 'll execute accordingly. Thank you. Peter_Pan      ( Date: 31-Jan-2013 19:14) Posted: Either they want to flush out the weakholders or they feel the price is way above the analysts' sell target price. Tempest      ( Date: 31-Jan-2013 18:52) Posted: Wad happen to Olam today.. Anyone?
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CrazGreed Senior	03-Feb-2013 23:01        CrazGreed About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	I have nothing to worry Isolator      ( Date: 29-Jan-2013 16:27) Posted: Say good bye to you profit soon...
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Peter_Pan Supreme	31-Jan-2013 19:14        Peter_Pan About Contact  Quote this Post! Style: Flexible   Mood: Yells: "kopi-o siu dai mai hum!"
x 0   x 0  Alert Admin	Either they want to flush out the weakholders or they feel the price is way above the analysts' sell target price. Tempest      ( Date: 31-Jan-2013 18:52) Posted: Wad happen to Olam today.. Anyone?
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Tempest Master	31-Jan-2013 18:52        Tempest About Contact  Quote this Post!
x 0   x 0  Alert Admin	Wad happen to Olam today.. Anyone?
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Isolator Supreme	29-Jan-2013 16:27        Isolator About Contact  Quote this Post!   Mood:
x 0   x 0  Alert Admin	Say good bye to you profit soon...
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CrazGreed Senior	29-Jan-2013 12:12        CrazGreed About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	I bought at the price of 1.590... Profit not much, but don't think there would be selling like many analysts said. Just a small bet :) Isolator      ( Date: 24-Jan-2013 09:51) Posted: Be ready for the selling....
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Isolator Supreme	24-Jan-2013 09:51        Isolator About Contact  Quote this Post!   Mood:
x 0   x 0  Alert Admin	Be ready for the selling....
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counter Veteran	23-Jan-2013 07:35        counter About Contact  Quote this Post! Style: Fundamental   Mood:
x 1   x 1  Alert Admin	Noble and Wilmar share prices went down and Olam share price went up yesterday. Once again, these prove that analysts' reports  are not always a good guide, at least in the short run. Anyway, I am glad that the 'funny pictures' posted by Octavia have been removed as they are not instrumental to healthy discussion in the forum. Peter_Pan      ( Date: 21-Jan-2013 23:29) Posted: BUY Noble and Wilmar, SELL Olam. Our preferred stock in this sector is Noble (NOBL SP, BUY, TP SGD1.60), which we believe is most leveraged to an improvement in economic activity in China and has the most robust balance sheet. We also upgrade Wilmar to a BUY (TP SGD4.65) expecting them to show their strength of scale in the current lacklustre CPO price environment and ongoing tax regime changes. We maintain Olam as a SELL, with a lower TP of SGD1.30. We see significant risk from its version of a capex cliff and deem consensus earnings too optimistic, with further downside on higher debt costs not factored in. Maybank Kim Eng
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Isolator Supreme	22-Jan-2013 13:35        Isolator About Contact  Quote this Post!   Mood:
x 0   x 0  Alert Admin	Ah gong help some people to get out...... Ah gong money is not their money..... Bye bye OLAM....
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Peter_Pan Supreme	22-Jan-2013 11:38        Peter_Pan About Contact  Quote this Post! Style: Flexible   Mood: Yells: "kopi-o siu dai mai hum!"
x 0   x 0  Alert Admin	That is true. Obfuscate      ( Date: 22-Jan-2013 11:32) Posted: Ah gong is not invincible, did not prevent CSM  crashing from US$100 to US$2+ where  its 60% equity interest was eventually sold.
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Obfuscate Senior	22-Jan-2013 11:32        Obfuscate About Contact  Quote this Post!
x 1   x 1  Alert Admin	Ah gong is not invincible, did not prevent CSM  crashing from US$100 to US$2+ where  its 60% equity interest was eventually sold.
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Peter_Pan Supreme	22-Jan-2013 08:39        Peter_Pan About Contact  Quote this Post! Style: Flexible   Mood: Yells: "kopi-o siu dai mai hum!"
x 0   x 0  Alert Admin	The thing is this one is ah gong's baby. Tough call. Play by ear by placing stop loss. davidoch      ( Date: 22-Jan-2013 08:20) Posted: Peter, so far how good is Kim Eng analyse? already in 1.6k profit will set trailing stop.. Peter_Pan      ( Date: 21-Jan-2013 23:33) Posted: SELL Target price: SGD1.30 (Downgraded from SGD1.42)   Maybank Kim Eng
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tonylim Master	22-Jan-2013 08:32        tonylim About Contact  Quote this Post!
x 0   x 0  Alert Admin	Sold mine liao..cut loss and to avoid the uncertainties davidoch      ( Date: 22-Jan-2013 08:20) Posted: Peter, so far how good is Kim Eng analyse? already in 1.6k profit will set trailing stop.. Peter_Pan      ( Date: 21-Jan-2013 23:33) Posted: SELL Target price: SGD1.30 (Downgraded from SGD1.42)   Maybank Kim Eng
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