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Imagine if one over subsribed the rights by 500 times and got all. Almost everyone who over suvbscribed got 100%. Laughing all the way the bank. lol.
FATABA ( Date: 16-Aug-2021 11:19) Posted:
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Give Olam 6 mths ( early 2022) .....I would be surprise it wld not be back to aro $2.
$3B LSE ipo is not a small number plus SGX double lisitng of OFI .. ...( OLam SH wld be given shares I assume or partial
cash /and shares lol )
Then come OGA listing in 2022 too
Olam is a gem ....w big demand for edible food.....coffee, nuts in OFI . Grains, rice in OGA .
Dyodd and let see how Olam perform in the coming mths .....
Vested n added
Happy investing.
$3B LSE ipo is not a small number plus SGX double lisitng of OFI .. ...( OLam SH wld be given shares I assume or partial
cash /and shares lol )
Then come OGA listing in 2022 too
Olam is a gem ....w big demand for edible food.....coffee, nuts in OFI . Grains, rice in OGA .
Dyodd and let see how Olam perform in the coming mths .....
Vested n added
Happy investing.
Results itself quite strong, impending IPO will pare down debt, significant upside to next year...dyodd
beng1102 ( Date: 16-Aug-2021 10:02) Posted:
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I think more r now buying to hold and they like the initiative to unlock shareholders' value.
Contratrader ( Date: 16-Aug-2021 09:48) Posted:
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Nice...all the way uptrend after rights issue ...
f16force ( Date: 16-Aug-2021 09:35) Posted:
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This counter is still good.... surely but slowly climbing up till Thursday for the
EX-D on Friday
DYODD
EX-D on Friday
DYODD
More good news today : Olam restructuring into 3 business units to unlock value, says co-founder. Next opeming sure got people cheong to buy.
f16force ( Date: 14-Aug-2021 15:17) Posted:
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Years ago Temasek offered $2.23 for Olam after short seller Muddy waters' report.
there is value in Olam ........Temasek owns slightly more than 50% of Olam.
DYODD
there is value in Olam ........Temasek owns slightly more than 50% of Olam.
DYODD
rainbowman ( Date: 14-Aug-2021 14:56) Posted:
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Wilmar also reported increased net profit,declaring 5 cents dividend yet mkt reacted differently! I think Big fish is orchestrating!
rainbowman ( Date: 14-Aug-2021 14:56) Posted:
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Things unfolding nicely and well orchestrated, impairments done, good acquisitions done,good news to flow till IPO, debt gearing resolved......dyodd
beng1102 ( Date: 13-Aug-2021 16:42) Posted:
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Olam' s food ingredient business heads for UK, Singapore listings H1 profit up 27% to S$421m
AGRI-FOOD giant Olam International on Friday announced that Olam Food Ingredients (OFI) is targeting a primary listing on the premium segment of the London Stock Exchange (LSE) and a concurrent listing on the Singapore Exchange (SGX).
The company also reported a net profit of S$421.5 million for the half-year ended June 30 - 26.7 per cent higher than the S$332.7 million a year ago.
Operational profits after tax and minority interests (Patmi) more than doubled to S$436.6 million and was the strongest since its inception as the company proceeds with its reorganisation plan previously announced in January 2020. Revenue grew 33.7 per cent to S$22.83 billion, from S$17.08 billion a year earlier, on the back of strong growth from both Olam Global Agri (OGA) as well as OFI.
In February 2021, the company announced plans to list OFI by 2022. It said on Friday that OFI is on track for the initial public offering (IPO) by the first half of next year. OFI was created in early 2020, following a reorganisation of Olam, and includes the company' s cocoa, coffee, edible nuts, spices and dairy businesses.
Said Olam group executive director and OFI chief executive officer A Shekhar: " The primary listing on the LSE will give us access to London' s large and diverse investor base, with its deep and liquid capital markets, and enable us to benefit from its strong understanding of and research coverage across the food and beverage sector."
He added that the concurrent Singapore listing will let the company retain its local shareholder base and tap growing investor appetite in Asia.
For the first-half year, OFI' s revenue increased 12.6 per cent to S$6.8 billion, and contributed 29.8 per cent to total group revenue.
Meanwhile OGA' s revenue grew 48.2 per cent year on year to S$15.5 billion, contributing 67.8 per cent to total group revenue. Earnings per share based on weighted average number of shares for the six-month period ended June 30 stood at 12.09 Singapore cents per share, up from 9.54 cents a year earlier. The company also declared an interim dividend of four cents per ordinary share for the half-year period, which will be paid out on Aug 30.
Price seemed controlled. 4 cents dividend up 4 cents. Crazy! I think good news not fully priced in.
Contratrader ( Date: 13-Aug-2021 09:54) Posted:
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Congrats to you..I m a trader so just trade along the trendlines ..
U all longterm holders should be able to reap handsomely soon..
U all longterm holders should be able to reap handsomely soon..
beng1102 ( Date: 13-Aug-2021 09:48) Posted:
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Strong result and so much of pending good news and action only mean it is going up.
Contratrader ( Date: 13-Aug-2021 09:31) Posted:
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Wow ...nice... 150...strong stock in the making..
Contratrader ( Date: 12-Aug-2021 15:59) Posted:
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Strong buy only. My target price is now $1.90. lol.
PhillipTan ( Date: 13-Aug-2021 09:07) Posted:
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Olam' s food ingredient business headed for London, Singapore listings H1 profit up 26% to S$421m
Agri-food giant Olam International on Friday announced that Olam Food Ingredients (OFI) is targeting a primary listing on the premium segment of the London Stock Exchange (LSE) and a concurrent listing on the Singapore Exchange (SGX).The company also reported a net profit of S$421.5 million for the half-year ended June 30, 26.7 per cent higher than the S$332.7 million a year ago.
Operational profits after tax and minority interests (PATMI) more than doubled to S$436.6 million and was the strongest since its inception as the company proceeds with its reorganisation plan previously announced in January 2020.
Revenue also grew 33.7 per cent to S$22.83 billion, from S$17.08 billion a year earlier on the back of strong growth from both Olam Global Agri (OGA) as well as OFI.
In February 2021, the company announced plans to list OFI by 2022 and has now updated that OFI is on track for the initial public offering (IPO) by the first half of next year. OFI was created in early 2020, following a reorganisation of Olam and includes the company' s cocoa, coffee, edible nuts, spices and dairy businesses.
Said OFI chief executive officer A. Shekhar: " The primary listing on the LSE will give us access to London' s large and diverse investor base, with its deep and liquid capital markets, and enable us to benefit from its strong understanding of and research coverage across the food and beverage sector."
He added that the concurrent Singapore listing will let the company retain its local shareholder base and tap growing investor appetite in Asia.
For the half year just ended, OFI' s revenue increased by 12.6 per cent to S$6.8 billion, and contributed 29.8 per cent of total group revenue.
Meanwhile OGA' s revenue grew by 48.2 per cent year-on-year to S$15.5 billion, contributing 67.8 per cent to total group revenue.
Earnings per share based on weighted average number of shares for the six-month period ended June 30 stood at 12.09 Singapore cents per share, up from 9.54 cents per share a year earlier.
The company also declared an interim dividend of 4 cents per ordinary share for the half-year period, which will be paid out on Aug 30.
Olam shares closed at S$1.44, up 2.9 per cent or S$0.04 on Thursday.
Singapore, August 13, 2021 Page 1 of 4
Olam International Limited announces Olam Food Ingredients&rsquo intention to seek primary listing on the London Stock Exchange, with concurrent listing in Singapore
&bull Olam Food Ingredients (&ldquo OFI&rdquo ) is on track for an IPO in H1 2022
&bull OFI intends to pursue a primary listing on the premium segment of the London Stock Exchange (&ldquo LSE&rdquo ), and a concurrent listing on the Singapore Exchange (&ldquo SGX&rdquo )
&bull OFI delivered strong performance in the first six months of 2021, providing good momentum going into 2022
&bull OFI continues to accelerate its growth strategy and completed transformational acquisitions during the period
Olam International Limited announces Olam Food Ingredients&rsquo intention to seek primary listing on the London Stock Exchange, with concurrent listing in Singapore
&bull Olam Food Ingredients (&ldquo OFI&rdquo ) is on track for an IPO in H1 2022
&bull OFI intends to pursue a primary listing on the premium segment of the London Stock Exchange (&ldquo LSE&rdquo ), and a concurrent listing on the Singapore Exchange (&ldquo SGX&rdquo )
&bull OFI delivered strong performance in the first six months of 2021, providing good momentum going into 2022
&bull OFI continues to accelerate its growth strategy and completed transformational acquisitions during the period
f16force ( Date: 13-Aug-2021 07:12) Posted:
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News Release
Singapore, August 13, 2021
Olam reports record Operational PATMI1 for H1 Re-organisation progresses with OFI listing venues decided Strong growth momentum from new Operating Groups
- H1 2021 Operational PATMI increased 116.0% to $436.6 million, its highest since inception
- Reported PATMI for H1 2021 up 26.7%, despite a high base a year ago from exceptional gains
- Strong EBIT growth o Olam Food Ingredients (OFI): EBIT up 22.9% o Olam Global Agri (OGA): EBIT up 58.9%
- Board of Directors declares interim dividend of 4.0 cents per share (H1 2020: 3.5 cents)
https://links.sgx.com/1.0.0/corporate-announcements/2CFK6BOFOOE8X36P/678661_13Aug2021_H1%20FY2021_News%20Release.pdf
Singapore, August 13, 2021
Olam reports record Operational PATMI1 for H1 Re-organisation progresses with OFI listing venues decided Strong growth momentum from new Operating Groups
- H1 2021 Operational PATMI increased 116.0% to $436.6 million, its highest since inception
- Reported PATMI for H1 2021 up 26.7%, despite a high base a year ago from exceptional gains
- Strong EBIT growth o Olam Food Ingredients (OFI): EBIT up 22.9% o Olam Global Agri (OGA): EBIT up 58.9%
- Board of Directors declares interim dividend of 4.0 cents per share (H1 2020: 3.5 cents)
https://links.sgx.com/1.0.0/corporate-announcements/2CFK6BOFOOE8X36P/678661_13Aug2021_H1%20FY2021_News%20Release.pdf
4 cents dividend........above expectation
rainbowman ( Date: 12-Aug-2021 17:11) Posted:
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