Olam Group    Last:1.28    -0.02

Olaim Group Financial Results

So Olam confirmed the news is real one.. not fake news... jialat liao

zmatrixale      ( Date: 12-Sep-2023 21:14) Posted: This got me reading more into what's going on in Nigeria and it certainly looks like a lot of drama happening given the change in leadership and what seems to be politically motivated actions to go after the previous Central Bank Governor, which is spilling over into Olam and others. Messy indeed. Hope it doesn't drag out too long. luckyguy3      ( Date: 12-Sep-2023 19:32) Posted: http://dailynigerian.com/multibillion-dollar-fraud-olam/ Olam Nigeria Limited has paid a huge bail bond of N1billion to secure the release of one of its directors, Prakash Kanth. The payment was made into a special recovery account operated by  the State Security Service, SSS. Other top executives of the company have reportedly fled the country in the wake of the arrest of the governor of the Central Bank of Nigeria, Godwin Emefiele and his accomplices.

 

So is real one.. not fake news...

luckyguy3      ( Date: 12-Sep-2023 19:32) Posted: http://dailynigerian.com/multibillion-dollar-fraud-olam/ Olam Nigeria Limited has paid a huge bail bond of N1billion to secure the release of one of its directors, Prakash Kanth. The payment was made into a special recovery account operated by  the State Security Service, SSS. Other top executives of the company have reportedly fled the country in the wake of the arrest of the governor of the Central Bank of Nigeria, Godwin Emefiele and his accomplices.

 

Temasek bought over some Olam shares for $2.23 in 2014 and they have now about 51% shares of the Company!

Maybe another rescue plan by Temasek!?

Come Come...

 

Some may be buying up for this good opportunity!

 

Don' t spread fear....may be a blessing in disguise....

Temasek should be coming soon to stabilise the situation.

 

The main fear now is Olam Nigeria doing the fraud behind Olam back. Think Olam agri IPO gone liao. 无 风 不 起 浪 . I also feel like running 😂 输 少 算 赢

Mandmx      ( Date: 13-Sep-2023 10:13) Posted: The problem with Olam is that it is not reactive to media reports. It was reported that the bail was paid on Monday but Olam only responded to it today in its announcement. Could be the Olam Nigeria side withholding the info. They need to send someone from HQ there to take over the matter. ahbui8      ( Date: 13-Sep-2023 09:59) Posted: Today annoucement claim Olam Nigeria really paid bail bond for it' s director, if it real really jialat.

 

The problem with Olam is that it is not reactive to media reports. It was reported that the bail was paid on Monday but Olam only responded to it today in its announcement. Could be the Olam Nigeria side withholding the info. They need to send someone from HQ there to take over the matter.

ahbui8      ( Date: 13-Sep-2023 09:59) Posted: Today annoucement claim Olam Nigeria really paid bail bond for it' s director, if it real really jialat.

 

Today annoucement claim Olam Nigeria really paid bail bond for it' s director, if it real really jialat.

 

Cut lost buy later much cheaper

ysh2006      ( Date: 13-Sep-2023 09:57) Posted: The chart point to 70-80c lah... Mandmx      ( Date: 13-Sep-2023 09:38) Posted: The price is decline is due to all these uncertainties about the investigation and none of us is wiser. The ultimate question is if there is indeed fraud involved on a big scale, what could be the price impact..

 

The chart point to 70-80c lah...

Mandmx      ( Date: 13-Sep-2023 09:38) Posted: The price is decline is due to all these uncertainties about the investigation and none of us is wiser. The ultimate question is if there is indeed fraud involved on a big scale, what could be the price impact..

 

Only Temasek can help when the shares are attacked by shortist.

 

Let's see if company does any buy backs today.

 

Wow shortist made good profits from Olam

 

The price is decline is due to all these uncertainties about the investigation and none of us is wiser. The ultimate question is if there is indeed fraud involved on a big scale, what could be the price impact..

 

Not sure of that country rule .....BUT in Spore if CPIB investigate anyone ...." YOU ARE NOT ALLOW TO DISCLOSE IT "  
further it is an individual ....so anyone can b call up . 
I really wld not read too much into it ......which is what the article wishes people to do .LOL 
DYODD

luckyguy3      ( Date: 13-Sep-2023 09:30) Posted: thats why but they never do that lo... means got investigation liao FrancisLim      ( Date: 13-Sep-2023 09:12) Posted: --- Post Removed by User ---

 

No wind no waves must very alert to avoid mistake

 

That is what the article aim to do . 
Political link in that country and likely ( anyone w big $) can be call up for interview ( or claim investigation ) 
All you know they are the nett shortist now. 
After a while ( they can reverse and claim NOthing found w this person LOL ) and they are nett gain either way. 
This are cycles that N make $$ ........trust source ...do you think T 51% Misubishi 15% owners wld NOT check ( both make up majority of the board right) 
Anyway .....( yes if anything cld happen then nothing to say) but in life we need to learn which is a more trusted source . 
DYODD . 

eddyeddy      ( Date: 13-Sep-2023 09:22) Posted: The fact is the damage has been done to the share price . FATABA      ( Date: 13-Sep-2023 08:54) Posted: I am surprise some of you believe in the " Daily N " news .....lol  Hv you ask if it is reliable .....or another no smoke without fire ......U can light a match stick and claim a huge fire  is coming to ..( hahaha )  Dyodd

 

Why the incharge Mr Kanth in Nigeria need a money bond to continue cooperation with authority ?

 

thats why but they never do that lo... means got investigation liao

FrancisLim      ( Date: 13-Sep-2023 09:12) Posted: --- Post Removed by User ---

 

The fact is the damage has been done to the share price .

FATABA      ( Date: 13-Sep-2023 08:54) Posted: I am surprise some of you believe in the " Daily N " news .....lol  Hv you ask if it is reliable .....or another no smoke without fire ......U can light a match stick and claim a huge fire  is coming to ..( hahaha )  Dyodd