Back

Latest Forum Topics / Neptune Orient L Rg

Post Reply

NOL Post Reply Rate topic
huatster Senior	05-Jun-2016 21:25        huatster About Contact  Quote this Post!
x 0   x 0  Alert Admin	I will lose broker commision at 1.30. Open market sell would be 1.32 sgng123      ( Date: 05-Jun-2016 21:22) Posted: Can sell in open if ur portfolio is small, 1.30   can clear fast since bb buying only need to pay broker fee 0.005% plu stamp huatster      ( Date: 05-Jun-2016 21:16) Posted: I have yet to receive the offer letter. Once I receive I will accept the offer
Useful To Me  Not Useful To Me
sgng123 Supreme	05-Jun-2016 21:22        sgng123 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Can sell in open if ur portfolio is small, 1.30   can clear fast since bb buying only need to pay broker fee 0.005% plu stamp huatster      ( Date: 05-Jun-2016 21:16) Posted: I have yet to receive the offer letter. Once I receive I will accept the offer
Useful To Me  Not Useful To Me
sgng123 Supreme	05-Jun-2016 21:19        sgng123 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Hope this article clear out all questions on nol hidden value, old birds trader all gearing for fight to end and pray all investors stay together like what they did 12 years ago. Massive reap off by temasek on investors in favor of national interest. Just to let cma know we piss off at getting reap off and see what happen. Last fri look like bb move and accumulate, check this week for volume jackson5      ( Date: 04-Jun-2016 22:47) Posted: Many thanks Lim Chwee Poh. Limchweepoh      ( Date: 04-Jun-2016 22:39) Posted: DEC 2, 20155:50 AM Singapore NEPTUNE Orient Lines (NOL) should carve out and sell its terminals in the US and Asia to a third party, say PSA International, instead of selling its business as "one whole package", said a former key executive of the company. This would enable its controlling shareholder, Temasek Holdings, to fetch top dollar or a "premium" in its planned sale of NOL, said shipping veteran and former NOL deputy chief executive Lim How Teck. Over a week ago, Singapore-listed NOL said that its largest shareholder, a wholly-owned unit of Temasek, has begun exclusive talks with the world's third-largest container shipping company, France's CMA CGM, for a "pre-conditional voluntary general offer". The parties have until Dec 7 to whip up an agreement on what is possibly the largest buyout in the container shipping realm in recent years. "Temasek has many choices. While NOL's book value is S$1.38 (as at third quarter 2015), this valuation fails to take into consideration the mark-to-market value of the terminals," Mr Lim told The Business Times. "I think many parties will be interested in the terminals. The terminals are a prize catch and of strategic interest for PSA. If CMA is interested but is not going to offer mark-to-market price for the terminals, NOL can sell them to PSA." NOL owns five terminals - two in Japan (Kobe and Yokohama), one in Taiwan (Kaohsiung), and two in the US (Los Angeles and Dutch Harbour). According to Mr Lim, who was with the NOL group from 1979 to 2005, the most valuable terminal is the one in LA as "the area has no new ones coming up due to environmental issues". It also has a railway that goes right into the terminal which is "very rare" and makes it "very efficient". No doubt, NOL's terminal portfolio is a valuable asset, but the Singapore-based director of shipping research firm Drewry, Rahul Kapoor, reckons that "the issue is that there will not be many buyers left for standalone liner business". Mr Lim, the man credited for playing a key role in NOL's buyout of a bigger rival, the US's APL back in 1997 and currently a director of several public listed companies, thinks otherwise. "There will always be buyers for standalone liner businesses since there are cost synergies, geographical expansion advantages and deeper dominant sectors on acquisition - with or without terminals," he said. In fact, he pointed out, NOL had nearly bought out Hapag-Lloyd, Germany's biggest container line, in 2008 - the deal got scuppered over concerns of loss of a strategic national asset - and Hapag had no terminals then. "Having a terminal asset is the exception rather than the norm - most liner companies do not own terminal assets," Mr Lim added. Meanwhile, NOL has made no mention of an indicative price in relation to the takeover talks, but its stock price has been reinvigorated since the news broke, jumping 9 per cent to S$1.22 a week ago and finishing not far from that 52-week high at S$1.21 on Tuesday. The NOL counter has done better than the Straits Times Index so far this year - it is up 1.7 per cent while the market benchmark is down 15 per cent. Still, there are analysts who are doubtful that the deal can indeed be pulled off, given the low valuations of stocks in the shipping container sector which is fraught with overcapacity and slipping freight rates and liner volumes. On its part, NOL has stressed that there was no assurance that the discussions would culminate in a definitive offer. However, fuelling hope that a deal is on the cards is the fact that the parties are engaged in "exclusive" talks - a sign, according to corporate specialists, that there is a price on the table that is palatable to the seller. Mr Lim agrees: "Nobody gives exclusivity if the price offered is far from what a seller wants. It wouldn't make sense. "The tacit understanding under such circumstances is that the seller is happy with the price (range), subject to details."
Useful To Me  Not Useful To Me
huatster Senior	05-Jun-2016 21:16        huatster About Contact  Quote this Post!
x 0   x 0  Alert Admin	I have yet to receive the offer letter. Once I receive I will accept the offer
Useful To Me  Not Useful To Me
sgng123 Supreme	05-Jun-2016 21:11        sgng123 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Cma wanna clear this deal in the fastest possible time and delist nol. They wanna buy more to hit 90% , currently market very few float share as cma drained 10.5% under 6 months period. Now is battle for offer between cma + temasek and rest of investor. 90% hit compulsory buy followed, otherwise drama would drag out for a few months eaton1977      ( Date: 05-Jun-2016 18:30) Posted: Can CMA lend share for shortlist to cover ? since the take over announcement , shortist should have cover back right ?
Useful To Me  Not Useful To Me
eaton1977 Member	05-Jun-2016 18:30        eaton1977 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Can CMA lend share for shortlist to cover ? since the take over announcement , shortist should have cover back right ?
Useful To Me  Not Useful To Me
sgng123 Supreme	05-Jun-2016 16:39        sgng123 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Cos those big players got leverage for longer period of short which normal peep like us don get access to.
Useful To Me  Not Useful To Me
serious Master	05-Jun-2016 11:32        serious About Contact  Quote this Post!
x 0   x 0  Alert Admin	When someone has a short position, the position has to be covered , so even if CMA is successful in obtaining 90% , the position still need to be convered . Still cannot figure out why only fail in obtaining 90% , then short position need to be covered  ? No  offence or trying to be funny but just want to learn more.
Useful To Me  Not Useful To Me
jackson5 Master	04-Jun-2016 22:47        jackson5 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Many thanks Lim Chwee Poh. Limchweepoh      ( Date: 04-Jun-2016 22:39) Posted: DEC 2, 20155:50 AM Singapore NEPTUNE Orient Lines (NOL) should carve out and sell its terminals in the US and Asia to a third party, say PSA International, instead of selling its business as "one whole package", said a former key executive of the company. This would enable its controlling shareholder, Temasek Holdings, to fetch top dollar or a "premium" in its planned sale of NOL, said shipping veteran and former NOL deputy chief executive Lim How Teck. Over a week ago, Singapore-listed NOL said that its largest shareholder, a wholly-owned unit of Temasek, has begun exclusive talks with the world's third-largest container shipping company, France's CMA CGM, for a "pre-conditional voluntary general offer". The parties have until Dec 7 to whip up an agreement on what is possibly the largest buyout in the container shipping realm in recent years. "Temasek has many choices. While NOL's book value is S$1.38 (as at third quarter 2015), this valuation fails to take into consideration the mark-to-market value of the terminals," Mr Lim told The Business Times. "I think many parties will be interested in the terminals. The terminals are a prize catch and of strategic interest for PSA. If CMA is interested but is not going to offer mark-to-market price for the terminals, NOL can sell them to PSA." NOL owns five terminals - two in Japan (Kobe and Yokohama), one in Taiwan (Kaohsiung), and two in the US (Los Angeles and Dutch Harbour). According to Mr Lim, who was with the NOL group from 1979 to 2005, the most valuable terminal is the one in LA as "the area has no new ones coming up due to environmental issues". It also has a railway that goes right into the terminal which is "very rare" and makes it "very efficient". No doubt, NOL's terminal portfolio is a valuable asset, but the Singapore-based director of shipping research firm Drewry, Rahul Kapoor, reckons that "the issue is that there will not be many buyers left for standalone liner business". Mr Lim, the man credited for playing a key role in NOL's buyout of a bigger rival, the US's APL back in 1997 and currently a director of several public listed companies, thinks otherwise. "There will always be buyers for standalone liner businesses since there are cost synergies, geographical expansion advantages and deeper dominant sectors on acquisition - with or without terminals," he said. In fact, he pointed out, NOL had nearly bought out Hapag-Lloyd, Germany's biggest container line, in 2008 - the deal got scuppered over concerns of loss of a strategic national asset - and Hapag had no terminals then. "Having a terminal asset is the exception rather than the norm - most liner companies do not own terminal assets," Mr Lim added. Meanwhile, NOL has made no mention of an indicative price in relation to the takeover talks, but its stock price has been reinvigorated since the news broke, jumping 9 per cent to S$1.22 a week ago and finishing not far from that 52-week high at S$1.21 on Tuesday. The NOL counter has done better than the Straits Times Index so far this year - it is up 1.7 per cent while the market benchmark is down 15 per cent. Still, there are analysts who are doubtful that the deal can indeed be pulled off, given the low valuations of stocks in the shipping container sector which is fraught with overcapacity and slipping freight rates and liner volumes. On its part, NOL has stressed that there was no assurance that the discussions would culminate in a definitive offer. However, fuelling hope that a deal is on the cards is the fact that the parties are engaged in "exclusive" talks - a sign, according to corporate specialists, that there is a price on the table that is palatable to the seller. Mr Lim agrees: "Nobody gives exclusivity if the price offered is far from what a seller wants. It wouldn't make sense. "The tacit understanding under such circumstances is that the seller is happy with the price (range), subject to details."
Useful To Me  Not Useful To Me
Limchweepoh Member	04-Jun-2016 22:39        Limchweepoh About Contact  Quote this Post!
x 0   x 0  Alert Admin	DEC 2, 20155:50 AM Singapore NEPTUNE Orient Lines (NOL) should carve out and sell its terminals in the US and Asia to a third party, say PSA International, instead of selling its business as "one whole package", said a former key executive of the company. This would enable its controlling shareholder, Temasek Holdings, to fetch top dollar or a "premium" in its planned sale of NOL, said shipping veteran and former NOL deputy chief executive Lim How Teck. Over a week ago, Singapore-listed NOL said that its largest shareholder, a wholly-owned unit of Temasek, has begun exclusive talks with the world's third-largest container shipping company, France's CMA CGM, for a "pre-conditional voluntary general offer". The parties have until Dec 7 to whip up an agreement on what is possibly the largest buyout in the container shipping realm in recent years. "Temasek has many choices. While NOL's book value is S$1.38 (as at third quarter 2015), this valuation fails to take into consideration the mark-to-market value of the terminals," Mr Lim told The Business Times. "I think many parties will be interested in the terminals. The terminals are a prize catch and of strategic interest for PSA. If CMA is interested but is not going to offer mark-to-market price for the terminals, NOL can sell them to PSA." NOL owns five terminals - two in Japan (Kobe and Yokohama), one in Taiwan (Kaohsiung), and two in the US (Los Angeles and Dutch Harbour). According to Mr Lim, who was with the NOL group from 1979 to 2005, the most valuable terminal is the one in LA as "the area has no new ones coming up due to environmental issues". It also has a railway that goes right into the terminal which is "very rare" and makes it "very efficient". No doubt, NOL's terminal portfolio is a valuable asset, but the Singapore-based director of shipping research firm Drewry, Rahul Kapoor, reckons that "the issue is that there will not be many buyers left for standalone liner business". Mr Lim, the man credited for playing a key role in NOL's buyout of a bigger rival, the US's APL back in 1997 and currently a director of several public listed companies, thinks otherwise. "There will always be buyers for standalone liner businesses since there are cost synergies, geographical expansion advantages and deeper dominant sectors on acquisition - with or without terminals," he said. In fact, he pointed out, NOL had nearly bought out Hapag-Lloyd, Germany's biggest container line, in 2008 - the deal got scuppered over concerns of loss of a strategic national asset - and Hapag had no terminals then. "Having a terminal asset is the exception rather than the norm - most liner companies do not own terminal assets," Mr Lim added. Meanwhile, NOL has made no mention of an indicative price in relation to the takeover talks, but its stock price has been reinvigorated since the news broke, jumping 9 per cent to S$1.22 a week ago and finishing not far from that 52-week high at S$1.21 on Tuesday. The NOL counter has done better than the Straits Times Index so far this year - it is up 1.7 per cent while the market benchmark is down 15 per cent. Still, there are analysts who are doubtful that the deal can indeed be pulled off, given the low valuations of stocks in the shipping container sector which is fraught with overcapacity and slipping freight rates and liner volumes. On its part, NOL has stressed that there was no assurance that the discussions would culminate in a definitive offer. However, fuelling hope that a deal is on the cards is the fact that the parties are engaged in "exclusive" talks - a sign, according to corporate specialists, that there is a price on the table that is palatable to the seller. Mr Lim agrees: "Nobody gives exclusivity if the price offered is far from what a seller wants. It wouldn't make sense. "The tacit understanding under such circumstances is that the seller is happy with the price (range), subject to details."
Useful To Me  Not Useful To Me
jackson5 Master	04-Jun-2016 22:29        jackson5 About Contact  Quote this Post!
x 0   x 0  Alert Admin	searched high and low but still to no avail . Appreciate you can share the links , etc etc , otherwise it is ok , thanks.. sgng123      ( Date: 04-Jun-2016 17:34) Posted: Search business time dated dec 2 15
Useful To Me  Not Useful To Me
famouspinky Supreme	04-Jun-2016 21:38        famouspinky About Contact  Quote this Post!
x 0   x 0  Alert Admin	Time is tight lcfarn      ( Date: 04-Jun-2016 18:13) Posted: Let' s see how accuarte is TA! lcfarn      ( Date: 07-Dec-2015 09:43) Posted: Based purely on TA reading and assuming all " hidden"   news already built into current price, the estimated target price is between 1.5 to 1.7 if the takeover is successful. Let' s see how accurate is TA.
Useful To Me  Not Useful To Me
huatster Senior	04-Jun-2016 20:45        huatster About Contact  Quote this Post!
x 0   x 0  Alert Admin	The betrayer ought to be shot sgng123      ( Date: 04-Jun-2016 18:16) Posted: Before temasek betray us on national interest, this ta range most common among forum. Leak on cma preliminary offer is 1.5 before it got discounted to 1.30
Useful To Me  Not Useful To Me
sgng123 Supreme	04-Jun-2016 18:16        sgng123 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Before temasek betray us on national interest, this ta range most common among forum. Leak on cma preliminary offer is 1.5 before it got discounted to 1.30
Useful To Me  Not Useful To Me
lcfarn Member	04-Jun-2016 18:13        lcfarn About Contact  Quote this Post!
x 0   x 0  Alert Admin	Let' s see how accuarte is TA! lcfarn      ( Date: 07-Dec-2015 09:43) Posted: Based purely on TA reading and assuming all " hidden"   news already built into current price, the estimated target price is between 1.5 to 1.7 if the takeover is successful. Let' s see how accurate is TA.
Useful To Me  Not Useful To Me
sgng123 Supreme	04-Jun-2016 17:34        sgng123 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Search business time dated dec 2 15
Useful To Me  Not Useful To Me
jackson5 Master	04-Jun-2016 16:49        jackson5 About Contact  Quote this Post!
x 0   x 0  Alert Admin	I tried to google this news but to no avail. Who was this ex ceo , Kua chong seng ? sgng123      ( Date: 04-Jun-2016 16:29) Posted: The ex nol ceo he did jump out before deal is known last year denouncing the deal indicating deal did not take into consideration mark to market valuation of non core asset, ev3n go as far to say psa should buy off the port asset from nol
Useful To Me  Not Useful To Me
sgng123 Supreme	04-Jun-2016 16:29        sgng123 About Contact  Quote this Post!
x 0   x 0  Alert Admin	The ex nol ceo he did jump out before deal is known last year denouncing the deal indicating deal did not take into consideration mark to market valuation of non core asset, ev3n go as far to say psa should buy off the port asset from nol
Useful To Me  Not Useful To Me
jackson5 Master	04-Jun-2016 16:20        jackson5 About Contact  Quote this Post!
x 0   x 0  Alert Admin	What does it mean third party come and denounce deal ?
Useful To Me  Not Useful To Me
sgng123 Supreme	04-Jun-2016 16:13        sgng123 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Nol got history of fail privatisation so hedge funds m8ght step in and trade against banks supporting offer. With rest of investor rsfusing to sell, basically most of the sell bid is short. Hope drama big time and third party come to denounce deal then we see fireworks
Useful To Me  Not Useful To Me

                                                         First   < Newer   281-300 of 11177   Older>   Last