Latest Forum Topics / Olam Group Last:1.04 -- |
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Olaim Group Financial Results
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Tob231
Member |
03-Oct-2023 09:49
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technically it has not found the support .... i think it is dicey to go in  
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Tob231
Member |
03-Oct-2023 09:10
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you are right !!! hope it will clear soon | ||||
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n3wbie
Elite |
02-Oct-2023 23:27
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When most things in the market are cheap, what is the motivation or incentive to look at this given the uncertainty and black hole?
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Tob231
Member |
02-Oct-2023 18:21
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imagine the last post is on 29 sept ... this counter still mire in mud .... probably need water to wash clean | ||||
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FrancisLim
Elite |
29-Sep-2023 09:23
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No midnight call from Nigeria? | ||||
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Alignment
Member |
27-Sep-2023 10:25
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If you look at the background of Kewalram, they have been in Nigeria since 1900 and they have operations there aside from Olam.I would therefore expect that they are pretty well informed about developments there both historically and in the present. Specifically, the idea that fsomething might have happened in Nigeria without management in Singapore knowing seems less likely given Kewalram' s presence. Also the fact they are now buying shares is a very positive signal in this context.     |
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Tob231
Member |
26-Sep-2023 12:50
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so far so good the price is well support ... could be as yuhanooi said the major shareholder buying gave market the confidence ..... hopefully muddy and cloudy water will become clear water. if market continue to close at 1.09 it will slowly inch up |
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Tob231
Member |
26-Sep-2023 10:20
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tremendous support for olam for now against the selldown from unclear and muddy shortsellers. waiting for clear signal ...
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HVRRVH
Elite |
25-Sep-2023 22:21
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Bought 2 equal tranches at 1.12 & 1.09. With benefit of hindsight the first buy was a bit early. Anyhow, holding this for mid to long term. 
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eddyeddy
Senior |
25-Sep-2023 19:30
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Kewalram, Chanrai family founded Olam , Temasek bailed them out by buying their controlling shareholding. | ||||
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yuhanooi
Member |
25-Sep-2023 19:15
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Yes, this shareholder been buying consistently, I believe they were the original owners of tis company. Shareholder buying is different from company buybacks, probably sending a stronger signal of confidence. Dyodd. | ||||
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eddyeddy
Senior |
22-Sep-2023 19:52
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Kewalram bought another 500,000 shares again on 21/9 | ||||
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Tob231
Member |
20-Sep-2023 23:37
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day high is at 1.13. open and closed at 1.09 ... shortists are playing the counter imho the coast is not clear  |
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Tob231
Member |
20-Sep-2023 23:33
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maybe you are right .... maybe it is a show of confidence ... anyway lost 30% probably the right thing to do .... what do you think ??? beside no clear water at the moment .... rather muddy and cloudy last minute still selldown .... hope you are right. rather err on the safe side for now .... all the best to you |
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yuhanooi
Member |
20-Sep-2023 18:12
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Yesterday, a substantial shareholder bought 500 lots. That' s a confidence signal? | ||||
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HVRRVH
Elite |
20-Sep-2023 16:44
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Price moved down as expected. Why then open a position at $1.12? Well, with annual dividend of around 7-8 cents, it is ok to take a position first in case the share price unexpectedly keep movin up. Now will be right there waiting at $1.05 with equal propotion size that initiated the position. 
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Tob231
Member |
20-Sep-2023 12:57
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is there any new development or resolution ....  if isn' t then very likely a temporary relief .... the shortists are strategic to suck in new funds before going down again |
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HVRRVH
Elite |
20-Sep-2023 10:31
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Opened a position at $1.12. Would not hope for short term upward movement and ready to add more if it come below $1.10 again, probably waiting at $1.05.  | ||||
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skarxin
Member |
19-Sep-2023 15:28
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joust found an old news and seems like this is not the first time being alleged fraud by Nigeria.  Â   Alleged Import Fraud: House Probes Olam Group, Pancham Intâ &euro &trade l, Chelsea Hotel Others - THISDAYLIVE |
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Observers
Elite |
18-Sep-2023 15:52
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If I know I billionare already, still waste time posting here? Anyway, don' t think Olam has any Chinese SOE substantial shareholder or interest, could be wrong tho.
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