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$1 stock to me.. or less.. lol
i think we should expect NOL to report another quarter loss first....
Is that a good news?
seanpent ( Date: 24-Apr-2012 16:49) Posted:
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haven't heard any good news from NOL for a while ..... hopefully can give investors some sweet surprise ..... looking forward to .....
oil price soften ..... nol to cheong ?
Why are you so so stubborn?
Drop to 1.41 and i ll break even.
gavinl ( Date: 05-Mar-2012 10:26) Posted:
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Shorted this ship again at 1.45 X 50lots.
Final short,dun know will be a success or not.
Tat why can see players pushing it...hav to repect the mkt players playing...
NOL Last:1.465 Volume changed hands - 22,809,000 million
+0.07
it is cyclic.......if freight rate increase...will be good for NOL......
Ouch... net loss..
Once they revised the rates, will the company starts to make profit?
From Business Times a few days ago:
Net loss for yr 2011: -S$621.2 million, EPS -24cts, NAV $1.31.20, zero dividend for 2011. (net profit 2010: S$598.8m)
Be careful of this optimism. NOL has been in the red for several qtrs, and again top on the list of losers for yr 2011, and again zero dividends was declared for 2011. How much must the freight rates be raised to overcome the hike in fuel price? How many quarters b4 NOL can be black again? And they still hv not finish paying the loan for 20 new container ships. If I'm still holding NOL, i'll use this chance to clear my holdings and go for another stock with strong earnings.
Bloomberg, 1 Mar 2012
Container freight rates on Asia to Europe trade jumped 114 percent this week, suggesting shipping lines are having some success with their proposed increases, according to estimates by Drewry Shipping Consultants Ltd.
The World Container Index’s subcomponent for freight rates on Shanghai to Rotterdam trade jumped to $2,732 per 40-foot container today from $1,276 a week earlier, Drewry said by e- mail. The index is developed by London-based Drewry and the Cleartrade Exchange.
Shipping lines, including the world’s largest, A.P. Moeller-Maersk A/S (MAERSKB), have said they will increase rates to restore profitability after the industry lost money last year. Copenhagen-based Maersk, which lost 2.88 billion kroner ($521 million) in 2011, last month cut 9 percent of its capacity on Asia-Europe trade to help make rate increases stick and has said it may idle ships.
“We will need to see whether these rate increases will stay or erode over time,” Philip Damas, a director at Drewry, said in the statement. “Our view is that there’ll be a reduction of spot rates next week, but container shipping lines have withdrawn enough capacity from the Asia-Europe trade to support some net rate increases over a fair period of time.””
To contact the reporter on this story: Christian Wienberg in Copenhagen at cwienberg@bloomberg.net
Asia-Europe Container Rates Rose 114% This Week,
Drewry Says (1) 2012-03-01 14:41:27.44 GMTBy Christian Wienberg
March 1 (Bloomberg) -- Container freight rates on Asia to Europe trade jumped 114 percent this week,suggesting shipping lines are having some success with
their proposed increases, according to estimates by
Drewry Shipping Consultants Ltd.
Thursday, March 1, 2012
This 1 uncle and aunties fav i think, if there r no more stks to buy then come n buy this one, and become a long term investor hahaha....may be next qtr losses not as big, then price will move up, it's a siao mkt, who knows, if you gamble on it....
Forming head and shoulders.
gavinl ( Date: 02-Mar-2012 11:04) Posted:
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Very strange right?
Cloud my jurdement.
moneycow ( Date: 02-Mar-2012 11:00) Posted:
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am abit puzzle as to how is it that it still generate so much interest despite no near term benefits. As mentioned OIL price effect operation cost heavily. Its business not doing too well...yet........lots are buying and due to that - it moves alot even in bad market...
very puzzling and strange.
gavinl ( Date: 02-Mar-2012 10:43) Posted:
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Ha ha ha.
But first good luck to me then them. LOL
bishan22 ( Date: 02-Mar-2012 10:38) Posted:
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