I was hoping Olam could drop back to the trendline but it got a lift from Maybank report with a price target of $1.60
Massive buying today, likely to be institutions judging by the huge volume transacted. If there' s no pull back, next resistance raised to R2.
https://mkefactsettd.maybank-ke.com/PDFS/529950.pdf
spore1 ( Date: 04-May-2026 12:48) Posted:
Today, nice breakout! Ip 10% to 1.14. Awesome
JurongW ( Date: 03-May-2026 19:52) Posted:
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Today, nice breakout! Ip 10% to 1.14. Awesome
JurongW ( Date: 03-May-2026 19:52) Posted:
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Article from The Edge on 27 Apr 26
Olam Group completes 44.58% stake sale in Olam Agri to SALIC for US$1.88 bil
In a bourse filing on April 27, Olam Group says that it has completed the sale of a 44.58% stake in Olam Agri to the Saudi Agriculture & Livestock Investment Company (SALIC) which will now own 80.01% of Olam Agri.
SALIC is paying around US$1.88 ($2.4) billion for the stake, valuing Olam Agri at US$4 billion.
Olam Group retains a put option to sell its remaining 19.99% stake in Olam Agri to SALIC on the third anniversary of the completion of the current transaction at the base consideration of approximately US$799.6 million and additional option consideration plus a 6% IRR, providing certainty complete divestment of Olam Agri. SALIC also retains a call option to acquire the remaining 19.99% stake on or before the third anniversary at the same consideration.
Olam Group deputy chairman Yap Chee Keong says that the deal is a &ldquo major step forward&rdquo in delivering the company&rsquo s reorganisation plan. &ldquo It realises significant value and will enable right-sizing of the capital structure of the Group,&rdquo says Yap. &ldquo We will continue to focus on the responsible divestment and monetisation of the businesses in OGH [Olam Group Holdco, previously known as Rest of Olam Group], and execute growth initiatives to enable ofi [Olam Food Ingredients] to realise its full potential value.&rdquo
Sunny Verghese, co-founder and CEO of Olam Agri, says, &ldquo The completion of SALIC&rsquo s acquisition of Olam Agri is a transformative step forward to accelerate Olam Agri&rsquo s growth and strengthen our position as a leading global agri-business and integrated food security leader.
&ldquo With SALIC as a strategically aligned, committed long-term partner and food security leader, we can build on our historical track record of strong performance to further accelerate and scale our ambitions for profitable growth and value creation.
Keep us in suspense better.
Let our imagination fly.
n3wbie ( Date: 27-Apr-2026 20:54) Posted:
Market will want to know whats the special divs that will be given back to shareholders!
JurongW ( Date: 27-Apr-2026 19:51) Posted:
Most of the good news may have been priced in when share price gap up on 16 Apr due to the sale of olam agri to Salic, pending one more approval.
This piece of news just confirmed the completion of the sale. Upside maybe limited.
Let' s see if it can clear the resistance at 1.09 tomorrow |
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Market will want to know whats the special divs that will be given back to shareholders!
JurongW ( Date: 27-Apr-2026 19:51) Posted:
Most of the good news may have been priced in when share price gap up on 16 Apr due to the sale of olam agri to Salic, pending one more approval.
This piece of news just confirmed the completion of the sale. Upside maybe limited.
Let' s see if it can clear the resistance at 1.09 tomorrow.
trader1970 ( Date: 27-Apr-2026 19:08) Posted:
| Thanks. It should gap up tomorrow.. : |
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Most of the good news may have been priced in when share price gap up on 16 Apr due to the sale of olam agri to Salic, pending one more approval.
This piece of news just confirmed the completion of the sale. Upside maybe limited.
Let' s see if it can clear the resistance at 1.09 tomorrow.
trader1970 ( Date: 27-Apr-2026 19:08) Posted:
Thanks. It should gap up tomorrow.. :)
JurongW ( Date: 27-Apr-2026 18:52) Posted:
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Thanks. It should gap up tomorrow.. :)
JurongW ( Date: 27-Apr-2026 18:52) Posted:
Trader1970 - Couldn' t open your attachment, so I attach this link.
https://links.sgx.com/1.0.0/corporate-announcements/T5QYVO35NIU5QWSD/885899_27Apr2026_Olam%20Agri%20Sale_News%20Release.pdf
trader1970 ( Date: 27-Apr-2026 18:48) Posted:
Money coming in.....
27Apr2026_Olam Agri Sale_News Release.ashx
News Release Olam Group announces completion of 44.58% stake sale in Olam Agri to SALIC &bull Olam Group has completed the Tranche 1 sale of a 44.58% stake in Olam Agri to SALIC for approximately US$1.88 billion, based on an implied 100% equity valuation for Olam Agri of US$4.00 billion and closing adjustments &bull Olam Agri becomes majority 80.01% owned by SALIC and a 19.99% owned associated company of Olam Group &bull At completion of Tranche 2 within three years, Olam Agri will become a 100% owned subsidiary of SALIC &bull Olam Group remains focused on executing the Updated 2025 Re-organisation Plan to unlock value for shareholders |
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Trader1970 - Couldn' t open your attachment, so I attach this link.
https://links.sgx.com/1.0.0/corporate-announcements/T5QYVO35NIU5QWSD/885899_27Apr2026_Olam%20Agri%20Sale_News%20Release.pdf
trader1970 ( Date: 27-Apr-2026 18:48) Posted:
Money coming in.....
27Apr2026_Olam Agri Sale_News Release.ashx
News Release Olam Group announces completion of 44.58% stake sale in Olam Agri to SALIC &bull Olam Group has completed the Tranche 1 sale of a 44.58% stake in Olam Agri to SALIC for approximately US$1.88 billion, based on an implied 100% equity valuation for Olam Agri of US$4.00 billion and closing adjustments &bull Olam Agri becomes majority 80.01% owned by SALIC and a 19.99% owned associated company of Olam Group &bull At completion of Tranche 2 within three years, Olam Agri will become a 100% owned subsidiary of SALIC &bull Olam Group remains focused on executing the Updated 2025 Re-organisation Plan to unlock value for shareholders |
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Money coming in.....
27Apr2026_Olam Agri Sale_News Release.ashx
News Release Olam Group announces completion of 44.58% stake sale in Olam Agri to SALIC &bull Olam Group has completed the Tranche 1 sale of a 44.58% stake in Olam Agri to SALIC for approximately US$1.88 billion, based on an implied 100% equity valuation for Olam Agri of US$4.00 billion and closing adjustments &bull Olam Agri becomes majority 80.01% owned by SALIC and a 19.99% owned associated company of Olam Group &bull At completion of Tranche 2 within three years, Olam Agri will become a 100% owned subsidiary of SALIC &bull Olam Group remains focused on executing the Updated 2025 Re-organisation Plan to unlock value for shareholders
Nothing spectacular, only another promise of a POSSIBLE one-time special dividend distribution (to who? assumption to shareholders, definite or not?). Also, never said, whether the company would compensate shareholders with dividend (final and interiim) for the year 2026. It is just another load of rubbish now while waiting!
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