Neptune Orient L Rg   

NOL

Everyone, please don't be confused by Betleshazar. I think he is just posting the old news in 2009 when NOL issued rights at $1.30 (because ipunter asked him what was the rights price).

 

My dear friend, you sure or not?

There is no news about this on SGX website or anywhere else.

Belteshazzar      ( Date: 19-Jul-2011 09:16) Posted: A proposed NOL Rights Issue was announced this morning by NOL to raise approximately S$1.437 billion. Existing shareholders will be given the option to subscribe for 3 Rights Shares at $1.30 for every 4 existing shares that they own. The Rights Issue is renounceable and based on yesterday’s price, the theoretical ex-Rights price is S$1.43 per share. Temasek Holdings, having an interest in 67.43% in NOL’s shares, has agreed that it will subscribe and pay in full all the Rights Shares that the Temasek Entities are entitled to.  The underwriter for this issue is DBS and the indicative timetable for the NOL Rights Issue will be announced at a future date pending approval from SGX-ST.

 

For max profit potential, it is always

      good to short or sell at the juicy peaks... 

 

 

Wouldn't shorting at the theoretical

    ex-rights price of 1.43 be a better idea?...

 

Wow you got the news real fast. The announcement  is not even on the SGX or NOL's website yet.

Belteshazzar      ( Date: 19-Jul-2011 09:16) Posted: A proposed NOL Rights Issue was announced this morning by NOL to raise approximately S$1.437 billion. Existing shareholders will be given the option to subscribe for 3 Rights Shares at $1.30 for every 4 existing shares that they own. The Rights Issue is renounceable and based on yesterday’s price, the theoretical ex-Rights price is S$1.43 per share. Temasek Holdings, having an interest in 67.43% in NOL’s shares, has agreed that it will subscribe and pay in full all the Rights Shares that the Temasek Entities are entitled to.  The underwriter for this issue is DBS and the indicative timetable for the NOL Rights Issue will be announced at a future date pending approval from SGX-ST.

 

I love NOL.

My 2nd Best Short Counter.

Once break below $1.36, $1.255 is the next T.P.

 

so this will be the right price to buy, cutloss is below

 

A proposed NOL Rights Issue was announced this morning by NOL to raise approximately S$1.437 billion. Existing shareholders will be given the option to subscribe for 3 Rights Shares at $1.30 for every 4 existing shares that they own.

The Rights Issue is renounceable and based on yesterday’s price, the theoretical ex-Rights price is S$1.43 per share.

Temasek Holdings, having an interest in 67.43% in NOL’s shares, has agreed that it will subscribe and pay in full all the Rights Shares that the Temasek Entities are entitled to. 

The underwriter for this issue is DBS and the indicative timetable for the NOL Rights Issue will be announced at a future date pending approval from SGX-ST.

 

May I kindly know what is the rights issue price?..

Belteshazzar      ( Date: 19-Jul-2011 08:59) Posted: there will be great resistance at the right issue price

 

there will be great resistance at the right issue price

 

1.10 may be a better price to buy,

      but maybe must wait long long.

              Depends on whether there's going

                      to be any flare-up in the waters... 

 

it is potential a 2 bagger if u wait and pick the right price. temasek bought @ 3

 

This one is Alex's darling baobei counter... 

alexchia01      ( Date: 18-Jul-2011 10:51) Posted: I love NOL. My 2nd Best Performing Short Counter. Currently sitting on the $1.36 support level. Once broken the next support is at $1.255.

 

I love NOL.

My 2nd Best Performing Short Counter.

Currently sitting on the $1.36 support level.

Once broken the next support is at $1.255.

 

NOL has broke its down trend channel and will have more room for going down..... be watchful of this counter, if you have vested, time to look at cut loss and if you have not, remain as such.

 

a counter showing clear sign of down trend. no sign of recovery.MACD crossing for a bearish sign and RSI is less than 30%... oversold position.

Bintang      ( Date: 17-Jul-2011 20:03) Posted: The strong support is at $1.36 now , but going down to $1.20 would also be possible . Both daily n weekly RSI are in over -sold positions n are very weak . Bintang      ( Date: 17-Jul-2011 16:32) Posted: After the forming of dead cross in March 2011 , NOL has fallen non stop from $2.13   to reach $1.44 on 23/06/2011 . Then it formed a bearish pennant few days later to reach $1.55 . Breaking out of the formation with heavy volume on 06/07/2011 n went down to make new low at $1.41 last Friday ( 15/07/2011 )

 

The strong support is at $1.36 now , but going down to $1.20 would also be possible . Both daily n weekly RSI are in over -sold positions n are very weak .

Bintang      ( Date: 17-Jul-2011 16:32) Posted: After the forming of dead cross in March 2011 , NOL has fallen non stop from $2.13   to reach $1.44 on 23/06/2011 . Then it formed a bearish pennant few days later to reach $1.55 . Breaking out of the formation with heavy volume on 06/07/2011 n went down to make new low at $1.41 last Friday ( 15/07/2011 ) . Bintang      ( Date: 17-Jul-2011 16:21) Posted: NOL downside target may be at $1.18 or lower .

 

After the forming of dead cross in March 2011 , NOL has fallen non stop from $2.13   to reach $1.44 on 23/06/2011 . Then it formed a bearish pennant few days later to reach $1.55 . Breaking out of the formation with heavy volume on 06/07/2011 n went down to make new low at $1.41 last Friday ( 15/07/2011 ) .

Bintang      ( Date: 17-Jul-2011 16:21) Posted: NOL downside target may be at $1.18 or lower .

 

NOL downside target may be at $1.18 or lower .

 

Whether holding or trading, 

    both modes of play require different personal traits.

          But the central idea in stocks play is to make profits

                while at the same time avoid significant losses taking root.

                        On the whole, the stocks game is a battle with one's self... 

rotijai      ( Date: 08-Jul-2011 16:32) Posted: master ipunter's advices might not make sense for ppl wanting to win big $$ but his advices  are good (mentally) for long term traders who wanna learn about trading :) iPunter      ( Date: 08-Jul-2011 16:28) Posted: It is because indicators are lagging...         ie. they are based on the past,                    not the present or future...