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If greedy it should be 1.6....
leesiewkwan ( Date: 26-Apr-2011 16:14) Posted:
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NOL Group announced its executive succession plan to appoint Mr. Ng Yat Chung the next group president and chief executive officer. Mr. Ng will take over from Mr. Ron Widdows, who will retire from his present post at the end of this year and remain as a senior adviser to the company. Mr. Ng will be appointed as an executive director to the board of directors with effect from 1 May 2011. He will be working closely with Mr. Widdows before assuming full responsibilities as the group president and chief executive officer on 1 January 2012. (Closing: $1.92)
/sgx
// Diversify your portfolio.
To reach financially freedom, you need to invest.
Invest in land and get a double return in 4 to 5 years.
It is just about 7 lots of NOL for 1 unit of land.
Where?
http://www.youtube.com/watch?v=kMOvjDJeOuQ
Plan your future now and be financially independence.
How?
Message(Contact) me here for details.
Think about it.
///
* Widdows to retire end of 2011 to remain senior adviser
* Widdows was involved in Hapag-Lloyd bid, oversaw recession (Adds details on Widdows retirement, analyst quote)
By Harry Suhartono
SINGAPORE, April 25 (Reuters) - Singapore's Neptune Orient Lines , the world's sixth biggest container shipping firm, said current CEO Ron Widdows will retire by the end of 2011 and will be replaced by a senior executive from state investor Temasek Holdings.
Widdows, an industry veteran who pulled back from a potential acquisition of German rival Hapag-Lloyd in 2008 and then steered the company through the global financial crisis, will remain a senior adviser after he steps down this year.
Ng Yat Chung, a former chief of Singapore's defence force, will be appointed as executive director from May 1 this year and become president and CEO on January 1, 2012, NOL said in a statement.
Ng is the head of energy and resources portfolio of Temasek, which owns around two-third of NOL. He is also a co-head for Australia and New Zealand and a co-head for strategy.
NOL said Ng will be working closely with Widdows before assuming full responsibilities as CEO next year.
" It's pretty much part of their succession planning," said Suvro Sarkar, an analyst with DBS Vickers in Singapore.
" Widdows did add some stability to the group... it shouldn't really affect operations as of now."
NOL made a net profit of $461 million in 2010, rebounding from a loss of $741 million in 2009.
Widdows told Reuters in February that NOL will order more vessels to address an expected shortage in the global freight market within a few years. [ID:nL3E7DP01B] (Additional reporting by Eveline Danubrata Editing by Saeed Azhar)
Ng Yat Chung, a former chief of Singapore’s defence force and a senior executive at Temasek, will be appointed as executive director from May 1 this year and will takeover as president and CEO on January 1 2012, NOL said in a statement.
Temasek owns around two-third of NOL.
//------Diversify your portfolio.
Property everyone can buy.
To reach financially freedom, you need to invest.
Invest in land and get a double return in 4 to 5 years.
Where?
http://www.youtube.com/watch?v=kMOvjDJeOuQ
How?
Message(Contact) me here for details.
//
Isolator ( Date: 25-Apr-2011 16:59) Posted:
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NOL stand for Nei Or Lan???
Look like a falling star straight to long kang.
Our pivot point stands at 2.03.
Our preference: the downside prevails as long as 2.03 is resistance.
Alternative scenario: above 2.03, look for 2.12 and 2.18.
Comment: the RSI is below its neutrality area at 50. The MACD is negative andbelow its signal line. The configuration is negative. Moreover, the share stands below its 20 and 50 day MA (standing respectively at 1.95 and 2.01).
Supports and resistances: 2.12 *2.03 **1.99 1.92 last1.81 1.75 **1.7 *
NOL has been showing lower high and lower low for the past few months. It is a confirmed down trend stock now. For short term, it has more tendency to move down or side way.
http://pick-the-winning-stock.blogspot.com/2011/04/us-pick-of-day-4212011.html
catalyst ( Date: 21-Apr-2011 22:48) Posted:
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NOL should go down to 1.60 for me to pick up.
Hehe
Isolator ( Date: 21-Apr-2011 16:16) Posted:
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Yeah, NOL has registered 9 months low yesterday. I have been on the 3 months down trend. It doesn't look good at all. If 1.90 does not hold well, more down side is very possible. Tomorrow is the last trading of this short weekend. So be careful of profit taking coming in before the long weekend. Happy Long Weekend!!
http://pick-the-winning-stock.blogspot.com/