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Hei bro, u ok boh? When it was 1.3x... u dun even long some n still hoping fr 1.215. U vry weird leh. At least go in part by part earlier on like bro counter n others lah.
Peter_Pan ( Date: 20-Dec-2012 11:28) Posted:
| Longed heavily at $1.555 just now, later will cheong back! |
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Queuing more to support at $1.53 and to average down if it drops further.
Longed heavily at $1.555 just now, later will cheong back!
Richardus, thanks for the info
Richardus ( Date: 20-Dec-2012 10:11) Posted:
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When Temasek Buy.... Better sell..... It is repeating like 2008.... chap 11??? hmmm...
Some noob question. I have bought OLAM shares using CFD.
Do I need to sell it off before the EX Rights date?
Thanks,
cowon
sounds like good news to me! Richardus ( Date: 20-Dec-2012 10:04) Posted:
By Michelle Yun - Dec 20, 2012 9:23 AM GMT+0800 Aranda Investments Pte, controlled by Temasek, bought a total of 23.9 million shares from Dec. 18 to Dec. 19, increasing Temasek’s deemed interest to 18 percent from 17 percent, according to an Olam filing today.READ FULL ARTICLE HERE
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Hi
tonylim, perhaps I can refer you to this link below:
http://multimillionairehouseholds.blogspot.sg/2012/12/olam-update-technical-analysis.htmlblogger is projecting his opinion.
tonylim ( Date: 20-Dec-2012 10:03) Posted:
Now it has touched 1.55.... any chance of it moving above 1.6?
Richardus ( Date: 20-Dec-2012 08:01) Posted:
Thank you, Future for the reply.
toehty - not sure what your investment strategy is, and to be honest, I think this forum is just to share information and not give investment/trading advice. |
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By Michelle Yun - Dec 20, 2012 9:23 AM GMT+0800 Aranda Investments Pte, controlled by Temasek, bought a total of 23.9 million shares from Dec. 18 to Dec. 19, increasing Temasek’s deemed interest to 18 percent from 17 percent, according to an Olam filing today.READ FULL ARTICLE HERE
Now it has touched 1.55.... any chance of it moving above 1.6?
Richardus ( Date: 20-Dec-2012 08:01) Posted:
Thank you, Future for the reply.
toehty - not sure what your investment strategy is, and to be honest, I think this forum is just to share information and not give investment/trading advice.
teohty ( Date: 19-Dec-2012 22:48) Posted:
| ok thanks Richardus. so can i say this known fact for now won't affect the current investment strategy to take on |
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Thank you,
Future for the reply.
toehty - not sure what your investment strategy is, and to be honest, I think this forum is just to share information and not give investment/trading advice.
teohty ( Date: 19-Dec-2012 22:48) Posted:
ok thanks Richardus. so can i say this known fact for now won't affect the current investment strategy to take on?
Richardus ( Date: 19-Dec-2012 18:52) Posted:
According to Bloomberg article, Temasek held a 4.9 percent stake in Olam between 2002 and 2006. It invested in the company on a further three occasions, raising its stake to its current level in June last year. For the current situation (as per your question), the fact that Temasek had a stake even before listing, is of no significance.
The question however was raised when, Future made a comment about Temasek selling for a profit and then re-investing in Olam again. Still waiting for his reply on what's the source of this comment |
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I don't get your point? I posted an article for the people in the forum to read. I wasn't trying to get at anything.
Obfuscate ( Date: 20-Dec-2012 07:53) Posted:
For every buyer there is a seller. So I dont know what you are getting at. If MW and the firm's clients are buying at $1.50 it means someone is willing to sell at $1.50.
counter ( Date: 20-Dec-2012 07:29) Posted:
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Oops! just realized,
counter already uploaded. Thanks!
Richardus ( Date: 20-Dec-2012 07:50) Posted:
Like to share an excerpt from an article I read this morning,
SingaporeOlam has swamped Muddy Waters with huge volume and a strong rally, this is playing out exactly as we suggested, I will cover Olam and Muddy Waters tomorrow. In Olam’s favor also is an improved outlook for the sector in 2013, food prices are expected to rise and regionally ASEAN +6 will speed up local GDP. Of Muddy Waters seven attacks on companies in China, they all have a common theme, fraud and “accounting anomalies”, as I have said before they tend to feed off the Western view that those of us in Asia are somewhat less sophisticated, or more sinister than our counterparts in the West. Muddy Waters attacks work best when the shareholders are foreign entities, and Muddy Waters gets to cash in on their existing mistrust of China/Asia. Of course this is completely untrue, America most definitely has proven to be the country that produces corporate fraud at a level so vast it has more than once impacted the global economy. It is important to remember when reading all the Muddy Waters press that not all of his targets have collapsed, and fraud has not always been proven, the Muddy Waters strike rate in relation to sinking companies or proving criminality is pretty low. What the Muddy Waters press machine does is create doubts on a company, without proof or accountability for a quick buck, while there is nothing wrong with making a quick buck, the Muddy Waters approach is beginning to wear thin, there are now a trail of innocent investors and managers whose businesses suffer lingering suspicion but with no proof of having committed any accounting breach. But I do think it is harder to scare Singapore investors, wherever they are from. Singapore has a stellar reputation and rightfully so, that is why I predict that the Muddy Waters attack on Olam is a strategic error, Muddy Waters will lose this battle.
HERE IS THE LINK |
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For every buyer there is a seller. So I dont know what you are getting at. If MW and the firm's clients are buying at $1.50 it means someone is willing to sell at $1.50.
counter ( Date: 20-Dec-2012 07:29) Posted:
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I don't think my holding of Olam's shares will ever exceed 5%. Anyway, thank you for your reminder.
Obfuscate ( Date: 20-Dec-2012 07:46) Posted:
There is no need to keep track of your cost. U have posted it. But u do know u need to notify the co & file your holdings with SGX once you pass a threshold dont u?
counter ( Date: 18-Dec-2012 07:22) Posted:
Long before its accusations on Olam in Nov, MW had already started shorting the stock. Before that, the price was well around $2 which is more than 40% of the current price.
My average cost is around $1.45 and many investors here do not need the price to rise to $2 to make a gain on this stock.
http://sg.finance.yahoo.com/q/hp?s=O32.SI |
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Like to share an excerpt from an article I read this morning,
SingaporeOlam has swamped Muddy Waters with huge volume and a strong rally, this is playing out exactly as we suggested, I will cover Olam and Muddy Waters tomorrow.
In Olam’s favor also is an improved outlook for the sector in 2013, food prices are expected to rise and regionally ASEAN +6 will speed up local GDP.
Of Muddy Waters seven attacks on companies in China, they all have a common theme, fraud and “accounting anomalies”, as I have said before they tend to feed off the Western view that those of us in Asia are somewhat less sophisticated, or more sinister than our counterparts in the West. Muddy Waters attacks work best when the shareholders are foreign entities, and Muddy Waters gets to cash in on their existing mistrust of China/Asia. Of course this is completely untrue, America most definitely has proven to be the country that produces corporate fraud at a level so vast it has more than once impacted the global economy.
It is important to remember when reading all the Muddy Waters press that not all of his targets have collapsed, and fraud has not always been proven, the Muddy Waters strike rate in relation to sinking companies or proving criminality is pretty low. What the Muddy Waters press machine does is create doubts on a company, without proof or accountability for a quick buck, while there is nothing wrong with making a quick buck, the Muddy Waters approach is beginning to wear thin, there are now a trail of innocent investors and managers whose businesses suffer lingering suspicion but with no proof of having committed any accounting breach.
But I do think it is harder to scare Singapore investors, wherever they are from. Singapore has a stellar reputation and rightfully so, that is why I predict that the Muddy Waters attack on Olam is a strategic error, Muddy Waters will lose this battle.
HERE IS THE LINK
There is no need to keep track of your cost. U have posted it. But u do know u need to notify the co & file your holdings with SGX once you pass a threshold dont u?
counter ( Date: 18-Dec-2012 07:22) Posted:
Long before its accusations on Olam in Nov, MW had already started shorting the stock. Before that, the price was well around $2 which is more than 40% of the current price.
My average cost is around $1.45 and many investors here do not need the price to rise to $2 to make a gain on this stock.
http://sg.finance.yahoo.com/q/hp?s=O32.SI
Obfuscate ( Date: 17-Dec-2012 23:02) Posted:
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Olam has swamped Muddy Waters with huge volume and a strong rally, this is playing out exactly as we suggested, I will cover Olam and Muddy Waters tomorrow.
In Olam’s favor also is an improved outlook for the sector in 2013, food prices are expected to rise and regionally ASEAN +6 will speed up local GDP.
http://www.livetradingnews.com/asean-market-preview-jaya-ancol-scientex-olam-thai-union-frozen-98934.htm
Dear Octavia,
A person would also reveal his position when people in the forum ask about it
repeatedly. Although this is not a vital piece of information, there is nothing to hide either. I was suprised to find out that some people in the forum actually keep track of my position as the transactions were made at different points in time. I wonder whether they also keep track of my average cost. Worth pondering?
Octavia ( Date: 19-Dec-2012 10:30) Posted:
Wow.That guy is more confident than TSH.(i.e.600lot vs 200lot).
A person would not normally revealed his position unless he cross a certain percentage and require by the SGX regulations to do so mah.Worth pondering???
Obfuscate ( Date: 19-Dec-2012 09:31) Posted:
| Somebody here wrote in the old thread that he bot 600 lots of shares in 3 separate transactions before admin wiped it clean. |
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Dear akchua,
Could I check with you if the last two lines, " Look like current action by Temasek is window dressing for Year end. Their investment in Olam is still in red after 3 years." , your addition to the original article in bloomberg?
http://www.bloomberg.com/apps/news?pid=newsarchive& sid=aYMBmvUz7RFQakchua ( Date: 20-Dec-2012 02:30) Posted:
June 1 (Bloomberg) -- Temasek Holdings Pte, Singapore’s
state-owned investment company, agreed to buy a stake in Olam
International Ltd., its first foray into commodities since
naming Charles “Chip” Goodyear as chief executive officer-
designate in February.
Breedens Investments Pte and Aranda Investments Pte, two
Temasek subsidiaries, will pay S$437.5 million ($303 million)
for 273.5 million new shares, or 13.76 percent, in Olam at
S$1.60 apiece, the Singapore-based agricultural commodities
supplier said in a statement. The price is 18 percent lower than
the May 29 closing price of S$1.94.
Look like current action by Temasek is window dressing for Year end.
Their investment in Olam is still in red after 3 years
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