| Latest Forum Topics / Neptune Orient L Rg |
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NOL
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AK_Francis
Supreme |
02-Jun-2009 12:23
Yells: "Happy go lucky, cheers." |
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Good move Tamasick, yesterday BT stated it had recoupped about 50%, in paper loss, of its 12 local portfolios losses incurred during d financial crisis . Now, another steriod jap, ha ha, its coming FY report balance sheet would be further beautify liao. What next? 
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Alligator
Veteran |
02-Jun-2009 12:13
Yells: "learning from past " |
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this NOL might follow the Chartered's path... | ||||
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Farmer
Master |
02-Jun-2009 11:45
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Neptune Orient Plans to Raise $1 Billion in Rights Offering; Stock Surges Neptune Orient Lines Ltd., Southeast Asia’s largest container carrier, plans to raise S$1.44 billion ($1 billion) selling new shares to repay debt. The stock surged the most in more than eight months. By just looking at its intention for RI - TO REPAY DEBT, how come the share can surge? Logic will tell u otherwise, moveover, its still heavily in the red at least till FY09. |
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Andrew
Master |
02-Jun-2009 09:44
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HAHAHA ------------>> OCBC | ||||
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smartrade
Member |
02-Jun-2009 09:24
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Tks Alligator... So this seems like a booster for NOL... Share moving up above 1.75 already... |
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Alligator
Veteran |
02-Jun-2009 09:06
Yells: "learning from past " |
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Cheong beyond 1.70!! sound like many analysts may quickily revised their SELL call | ||||
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Alligator
Veteran |
02-Jun-2009 08:56
Yells: "learning from past " |
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read this from investopedia Back Stop What Does Back Stop Mean?
The act of providing last-resort support or security in a securities offering for the unsubscribed portion of shares. A company will try and raise capital through an issuance and to guarantee the amount received through the issue, the company will get a back stop from an underwriter or major shareholder to buy any of the unsubscribed shares.  For example, in a rights offering you might hear "ABC Company will provide a 100% back stop of up to $100 million for any un-subscribed portion of the XYZ Company rights offering." If XYZ is trying to raise $200 million but only raises $100 million through investors then ABC Company will purchase the remainder. |
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smartrade
Member |
02-Jun-2009 08:49
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???could “backstop” the entire rights issue??? Can anyone pls enlighten wat it means? tks... | ||||
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dealer0168
Elite |
02-Jun-2009 08:26
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Yup correct is RIGHTs thing again. But i prefer this to share placement. Below are the news: Singapore's Neptune Orient Lines (NOL) (NEPS.SI), the world's seventh largest container shipping firm, said on Tuesday it plans to raise $1.437 billion by issuing three rights shares for every four existing shares. NOL, around two thirds-owned by Singapore state investor Temasek Holdings (TEM.UL), said Temasek will subscribe to its pro-rata entitlement of 67.4% and could “backstop” the entire rights issue. NOL will sell about 1.1 billion shares at $1.30 a share, a discount of about 15% to the firm's last closing share price. NOL says half of the proceeds from the rights issue will go towards debt payment. |
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smartrade
Member |
02-Jun-2009 07:50
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Latest... NOL Rights issue 3 for 4 entitlement... dun know if share price will be pressured... | ||||
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Farmer
Master |
01-Jun-2009 22:59
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I guess this one cannot be due to RI, else news will be out this afternoon already consider the no. of RI done this year so far. I think more on M&A or some other bad news, err..50-50. | ||||
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matthewsoh
Senior |
01-Jun-2009 22:49
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yup points taken ... thank you ! hope you are rite ! ... IF NOT this big T will be joining other letters S , U , P , I ,D to form a word if they are really selling most of our strategic asset to foreigners. T is not protecting our local asset anymore ... weird move ..
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dealer0168
Elite |
01-Jun-2009 22:05
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Must be something Duo-zhong (big big news) going around NOL. Halt whole day no news. Hope the news coming out is good news to investors. |
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Andrew
Master |
01-Jun-2009 21:24
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I have this idea.......how about T take this company private.....$1.53 look cheap when they won't sell at $4.50.... Just like my kingboard, NTA 60cts but owner want to buy back at 21cts.......bought at 12.5cts and waiting for independent valuation...... SPC not making alot money.....small....buyer want to buy at 2008 price......powerstation.....actually.....we have excessive capacity .....a lot....
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matthewsoh
Senior |
01-Jun-2009 19:46
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More to come .... I felt abit at lost when SPC , powerstation and maybe NOL are sold to other people. Hai | ||||
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dealer0168
Elite |
01-Jun-2009 19:09
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Or is it a takeover like SPC??? Til now still no news........
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Andrew
Master |
01-Jun-2009 13:59
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No. If I am not wrong, according to the rules, trading halt cannot be more than 3 days. But sometimes I see stocks halts for weeks before go to SUS. If more than 3 days, must or should apply for SUS....not strictly followed.... Any comment ?
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sureesh40
Senior |
01-Jun-2009 13:17
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Is NOL obligated to make the announcement by today by SGX rules. I mean how long can the trading halt last. | ||||
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Andrew
Master |
01-Jun-2009 12:46
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Power Station surprisingly is still a strategtic asset because it is a stationary asset....garment said it reserve the right to nationalize it in the event of need lor. Like for example, owner try to use it as a threat ah......turn off electricity for fun la.... Of course, if we don't compensate the owner in a proper manner like what Hugo have done then you know what will happen. So it is balanced.....and how much to pay for electricity is citizen problem.....not the garment problem. Ship is mobile, HQ can be shifted, it may or may not be in the jurisdication of our garment control lor......BTW, explosive cannot be shipped by air (some kind of International Law or something).....has to be surface mail....heeee. Shipper hate to ship weapons and it is probably easier to steal a fighter jet (for example) than a Camry lor...... On the rights issue, Singapore has become the number 1 in rights issue in Asia (excluding Japan). With 75% of the right issue value in Asia are from Singapore listed companies. Anyway, let wait for the announcement.....
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tomhwang
Member |
01-Jun-2009 11:59
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Talking of strategic assets, we don't own any power stations anymore. We are selling our only refinery. So how strategic can a shipping co. be? In the new order of doing business, the key is staying afloat. So divesting is one way of ridding ourselves of the heavy baggage. Why bother with rights issue?
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