With about US$1b proceeds from rights issue, NOL is looking for opportunities to purchase distressed assets after paying down part of its debts.
Management guided a time frame of at least two years for new asset acquisitions (WACC is approx 9%).
Sharing of slots with its alliance partners have helped to remove some capacity, raise utilization rates and reduce costs.
Demand is picking up due to seasonality factors rather than real recovery.
Funding situations have not improved.
NOL is cash profitable but not earnings positive.
Losses are expected for 2009.
Company has managed costs by reducing 10% of headcounts globally.
Thirteen vessels will be delivered in 2009 and five in 2010.
NOL has delayed some new orders by six to two-and-half years.
Expect plenty of tonnage to hit the waters in 2009-2010 with approximate 10-11% of supply coming on board this year.
The trough valuation for the container shipping sector is about 0.4x P/B and the long term average is about 1.3x P/B. Based on consensus forecasts, NOL is currently trading at 0.9x 2009 and 1.1x 2010 P/B.
Post Reply
3761-3780 of 4826
So what does mean? NOL price too high now at 1.67?
Friday, July 24, 2009
Whaa..just recieved my access share of 7000 rights.Don't even hv a single mother share in hand, my wife don't want to apply for access, so I tomppan.Whaa.. very cheap, only $1.3, make $2.6k straight away.
"Huat Aaarrrhhh!!"... 
dealer0168 ( Date: 17-Jul-2009 21:29) Posted:
|
So fast ....they start using the fund from the rights issue.....
I quote
"The Board of Directors of Neptune Orient Lines Limited (“Company”) wishes to announce that approximately US$480 million of the net proceeds of approximately US$960 million (approximately S$1.401 billion, based on an exchange rate of 1.45862) from the Rights Issue will be utilised for the repayment of the revolving credit facilities of the Group as they become due between 17 July 2009 and 20 July 2009. "
Neck-to-Neck....
Haha....the ending price looks good & interesting.
$1.68: Yi Lu Fa......
So happy.....I looked at the tree outside my home.....it is happy......even the stars are happy too.
NOW, back to reality.....any bad news on NOL....anyone want to start shorting already ?? So high....
Anyone has any target price in mind to sell already ? I was planning 180.....hmmmmm
last two attempt on june 22/23 to 'touch' 1.62 and retreat closing down 1.5x.
this time different, first day of new rights issues coming into market, expect many to take profit, yet so many big fish just eat them and close at 1.68, at 67 million shares. the chart will have a nice long white candle.
Very hard to say now... just take chartered already how many times bottom ?
chngee ( Date: 17-Jul-2009 16:00) Posted:
|
it always defied the opposite and unpected will happens. anyway still holding it with the recent rights issue. hoping to go up again. once they have reported loss once or profit warning, it's considered the bottom.
really dun know why this counter suddenly cheong so much...
I rember a broker agent gave it TP 80 cents. I think I will buy if it drop below 1 dollar!it will got huge losses this year, next year still unknown.funny,this counter price so high!
maxcty ( Date: 17-Jul-2009 15:30) Posted:
|
this counter got any good news?
This type of company still can up ?? highly speculation !
maxcty ( Date: 17-Jul-2009 15:30) Posted:
|
so according to what you think...this will drop more in price? lower than 1.3?
Peg_li ( Date: 17-Jul-2009 15:25) Posted:
|
NoL will lose 500 to 8oo million us dollars this year
I don't think it is worthy to by this stock at the moment. its' price too high.
why NOL cheong so much??? BDI increase is so significant???
that 4000 over lots i saw just now at buy ($1.62) seems like a bogus one to move the price up!!!! its similar to that of SPC a few days ago when there was over 10000 lots waiting to buy up the price!!!
no problem Kensonic77.
thanks to Alligator once again for your sharing.
Kensonic77 ( Date: 17-Jul-2009 15:08) Posted:
|
Tks to Aligator for your prompt reply. Me too busy just now watching the price action...
maxcty ( Date: 17-Jul-2009 15:02) Posted:
|