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NOL BUY UP 500lots at $1.095 in just a second..... What happen huh? |
NOL BUY UP 700lots at $1.09 in just a second.....
What happen huh?
What happen huh?
What happen huh?
NOL BUY UP 300 lots at $1.07 in just a second.....
What happen huh?
Resume trade fr 1pm.....
Going up........again.....
SINGAPORE (Dow Jones)--Neptune Orient Lines Ltd. (N03.SG) said Monday the Singapore-listed container shipper isn't making another bid to buy Hapag-Lloyd, a unit of tourism and travel operator TUI AG (TUI1.XE).
The clarification comes after German daily newspaper Die Welt reported on Saturday that TUI is in renewed talks with Neptune Orient Lines to sell its container ocean carrier business. Die Welt didn't name any sources in the report.
A spokesman for TUI declined to comment on what he called " market speculation." He added, however, that TUI intends to sell its 38.4% stake in Hapag-Lloyd.
TUI previously discussed selling Hapag-Lloyd to Neptune Orient Lines in 2008. At the time, the companies couldn't agree on a price for the business.
-By Gaurav Raghuvanshi Dow Jones Newswires +65 64154 154 gaurav.raghuvanshi@dowjones.com
(END) Dow Jones Newswires
December 04, 2011 23:28 ET (04:28 GMT)
The news follows hard on the heels of CMA CGM and Mediterranean Shipping Company's operational link-up announced Dec 2 and reflects the need to consolidate and more effectively deploy the excess tonnage currently afloat on the world's oceans. While neither announcement deals explicitly with capacity rationalisation, both talk to the requirement for more effective and coordinated management of the global liner fleet.
We believe that this rumoured purchase is likely to face the same headwinds as the company's last attempt: namely, the synergies that would make sense of the acquisition will prove elusive, with headquarters and jobs preserved in Hamburg. NOL has the firepower to make this acquisition (cash of US$365m as at Sep 23, US$1bn of an unutilised MTN programme and significant undrawn lines from credit providers), but the " devil" would likely lie in the details of any sale & purchase agreement. We maintain BUY NOL and our 12-month target price of S$1.50 based on 1.0x P/B.
Will confirm the price to purchase then decide to go for right issue......
Normally if there is a right issue......sure will push up the price.........then anounce right issue........
By then.,......the price will be over $1.50.......
So now is the time to buy.......at lowest price........
Bet this will go up ........
Looking at YZJ and Cosco......are up and future are up up all the way.....
Capitaland and Keppel Land are up......
now Genting and noble still struggling to go up....
Ah, yes, sehr gut
It will be good news and this time NOL can press down the price further.......
Best deal talk during this time where Euro is having problem..........
Less cost more revenue.....
BUYing OPPortunity when resume trade..........before is gone......
It might turn out to be a good thing.
At least they are doing something rather than waiting to die right?
NOL Y Halted.....
SGX no official anouncement made leh......