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US BBC .....What that ?
des_khor ( Date: 02-Jul-2009 00:23) Posted:
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NOL potential of the next US BBC...
Andrew ( Date: 01-Jul-2009 20:28) Posted:
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Oh yes.....even Ozone is shorting this share and the shipping arena is really in a horrific state......
Let see if the theory of blue will NOT trade below issue price hold true for NOL......if not we can call NOL subprime blue chip stock.....heeeee
Tomorrow.....I will apply for the rights and excess..... |
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NOL potential of the next US BBC...
Andrew ( Date: 01-Jul-2009 20:28) Posted:
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Oh yes.....even Ozone is shorting this share and the shipping arena is really in a horrific state......
Let see if the theory of blue will NOT trade below issue price hold true for NOL......if not we can call NOL subprime blue chip stock.....heeeee
Tomorrow.....I will apply for the rights and excess.....
des_khor ( Date: 01-Jul-2009 18:25) Posted:
| You are right man... base on 3 MFTs TP @ (0.695+0.80+2.00)/3=1.165...just kidding not MFT...haha |
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Oh yes.....even Ozone is shorting this share and the shipping arena is really in a horrific state......
Let see if the theory of blue will NOT trade below issue price hold true for NOL......if not we can call NOL subprime blue chip stock.....heeeee
Tomorrow.....I will apply for the rights and excess.....
des_khor ( Date: 01-Jul-2009 18:25) Posted:
You are right man... base on 3 MFTs TP @ (0.695+0.80+2.00)/3=1.165...just kidding not MFT...haha.
rextay ( Date: 01-Jul-2009 12:27) Posted:
Think NOL is not a good buy. The right issue is used to pay for debts and not for expansion.
Freight rate not going up and energy cost going up when economy pick up. |
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You are right man... base on 3 MFTs TP @ (0.695+0.80+2.00)/3=1.165...just kidding not MFT...haha.
rextay ( Date: 01-Jul-2009 12:27) Posted:
Think NOL is not a good buy. The right issue is used to pay for debts and not for expansion.
Freight rate not going up and energy cost going up when economy pick up. |
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The current NAV is S$2.26 .....after rights issue, it will become S$1.85.
And the usual dividend will be halved when good time is back....
And this year they are expecting losses at about US$500M. or 16~18 UScts per share this year.
MFT TP put this stocks at 69.5 Scts, 80 Scts, S$2.00.....quite mixed.
So....using examples from other rights issues....none of the blue trade below the rights issue prices.
So...1.30 look like a good floor price for now.
Vested @ 127.
what's price this counter worth to buy due to right , any expert can suggest..?
Think NOL is not a good buy. The right issue is used to pay for debts and not for expansion.
Freight rate not going up and energy cost going up when economy pick up.
shorted NOL @ 1.49 purely technical play..
DYODD
Baltic Dry was on the way think Hadon Boss saw that, my guess (caveat), BDI is on the way up so NOL is lagging and dive deep deep now go submarine so we can all collect and ride the Baltic Dry Index wave up high high...hehe..
Value 3,734.00
Change 31.000
% Change 0.837
High 3,734.00
Low 3,734.00
Open 3,734.00
Today went as low as
1.48... no Ooomph!! ...
May lose steam as the EX date draws near (next week) ...
Investors rush out before the close date....
gone case....
haha .. i based on my convenience nia ... now NOLR is being pulled by gravity now ... haha .. no helium balloon to help
Andrew ( Date: 29-Jun-2009 22:32) Posted:
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WOW.....you are definitely not stupid leh....NOL R usually 1 bid or more that the 750...so at least you make 60 dollar.....so clever leh....heeeeee
I think I will eat all my rights....and I have sold all my cpf potion at 23....CPF must reply by July 2nd.....not July 8th.....hor.....take note.
my agent bank is OCBC......
matthewsoh ( Date: 29-Jun-2009 18:21) Posted:
Hee .. true hor ... i did that leh ... so i stupid .. i sold 18 lots and then .75 lots separately cos i find it very hard to get the price if i sold them at R750 and what if it was partially filled then i have to q tmr again .. so that is why i overlook at this detail.
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WOW.....you are definitely not stupid leh....NOL R usually 1 bid or more that the 750...so at least you make 60 dollar.....so clever leh....heeeeee
I think I will eat all my rights....and I have sold all my cpf potion at 23....CPF must reply by July 2nd.....not July 8th.....hor.....take note.
my agent bank is OCBC......
matthewsoh ( Date: 29-Jun-2009 18:21) Posted:
Hee .. true hor ... i did that leh ... so i stupid .. i sold 18 lots and then .75 lots separately cos i find it very hard to get the price if i sold them at R750 and what if it was partially filled then i have to q tmr again .. so that is why i overlook at this detail.
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If you think this is a good counter, you should apply 12.75 lot of right and at least 0.25 of excess right by using ATM.
It's always good to apply more of Excess right i suggest apply for 5.25 of excess right and you will not regret it.
coolad ( Date: 29-Jun-2009 16:38) Posted:
Holding 17lots NOL, given 12.75lots Rights, how should i dispose them during the trading period
1) 12 lots at NOL R and 1 lot at NOL R750
2) 17 lots at NOL R750
3) 12.75 lots at NOL 750
Confused, 1st time dealing with Rights and partial lot
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can anyone advise when or how can I check whether I have my excess rights. I apply for 1250 excess rights for this counter..
Hee .. true hor ... i did that leh ... so i stupid .. i sold 18 lots and then .75 lots separately cos i find it very hard to get the price if i sold them at R750 and what if it was partially filled then i have to q tmr again .. so that is why i overlook at this detail.
Your broker is right....just key 12750 to sell.....if you key even 12751 it will fail because it is not divisible by 750......
Just sold my CPF portion today......using NOL750.
NOL R and NOL750R are two different counter.....double minimum charge if you breakup and sell in these two counter....
coolad ( Date: 29-Jun-2009 16:57) Posted:
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Thanks for the prompt reply, but wouldn't i incur double brokerage fee.
I'm rather confused btw NOL R and NOL R750, coz my broker said i just key 12.75 lots at NOL R750 can liao,
but i thought for NOL R750, 1 lot is 750shares, so by right i shld key in 17 lots of NOL R750??? but that doesn;t hold true too
sorry for the questions, newbie and headache
matthewsoh ( Date: 29-Jun-2009 16:45) Posted:
Personally i felt option (1) is easier to sell cos the volume for NOLR750 is very small so harder to find buyer :) |
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Thanks for the prompt reply, but wouldn't i incur double brokerage fee.
I'm rather confused btw NOL R and NOL R750, coz my broker said i just key 12.75 lots at NOL R750 can liao,
but i thought for NOL R750, 1 lot is 750shares, so by right i shld key in 17 lots of NOL R750??? but that doesn;t hold true too
sorry for the questions, newbie and headache
matthewsoh ( Date: 29-Jun-2009 16:45) Posted:
Personally i felt option (1) is easier to sell cos the volume for NOLR750 is very small so harder to find buyer :)
coolad ( Date: 29-Jun-2009 16:38) Posted:
Holding 17lots NOL, given 12.75lots Rights, how should i dispose them during the trading period
1) 12 lots at NOL R and 1 lot at NOL R750
2) 17 lots at NOL R750
3) 12.75 lots at NOL 750
Confused, 1st time dealing with Rights and partial lot
Thanks |
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Personally i felt
option (1) is easier to sell cos the volume for NOLR750 is very small so harder to find buyer :)
coolad ( Date: 29-Jun-2009 16:38) Posted:
Holding 17lots NOL, given 12.75lots Rights, how should i dispose them during the trading period
1) 12 lots at NOL R and 1 lot at NOL R750
2) 17 lots at NOL R750
3) 12.75 lots at NOL 750
Confused, 1st time dealing with Rights and partial lot
Thanks |
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