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421-440 of 934
http://www.businesstimes.com.sg/premium/top-stories/olams-finances-still-far-too-opaque-20130119
Writer comments: " I see no legitimate excuse for spending $18.3 million of shareholder funds on underwriting fees to firms who aren't even really underwriting, and potentially many millions more on frivolous, unenforceable lawsuits, while rejecting a few hundred thousand dollars for an independent rating agency review."
Switching to another stocks as I think it will be stuck at this price level for quite some time.
mcking ( Date: 14-Jan-2013 20:04) Posted:
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Director selling the rights!!!! This sucks.
The revision in 12 month price target appears to be rather late. UBS had a TP of $3.50 in Jun 2011 when mkt price was $2.60 and TP was revised to $2.95 when mkt price was $2.47 in Jan 2012.
The reality is, since Oct 2010, Olam share price has been sliding with lower lows and lower highs. So no matter how brilliant the analysis is, the result is the opposite.
tonylim ( Date: 10-Jan-2013 11:01) Posted:
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No need to blame it on complex instrument. More seller than buyers = price declines.
| Octavia ( Date: 10-Jan-2013 09:42) Posted: |
Agree
However, Shortists may be played out by this UBS recommendation.
Peter_Pan ( Date: 10-Jan-2013 11:03) Posted:
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Have to play by ear, considering the major shareholders has deep pockets.
tonylim ( Date: 10-Jan-2013 11:01) Posted:
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Not all anayst's recommendation can be taken seriously.
Peter_Pan ( Date: 09-Jan-2013 09:22) Posted:
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Olam's nil-paid rights dive 34.7% as shares slide.
Some attribute big swing to difficulty in pricing complex instrument.
Read more:http://www.businesstimes.com.sg/premium/top-stories/olams-nil-paid-rights-dive-347-shares-slide-20130109
Vested a bit for both...
iPunter ( Date: 09-Jan-2013 08:32) Posted:
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UBS downgrades Olam to 'sell' from 'buy'
UBS downgraded Olam International Ltdto 'sell'
from 'buy' and cut its target price to S$1.33 from S$2.95,
citing uncertainties around the cost of its Gabon project.
Olam shares were down 0.3 percent at S$1.60 by 0100 GMT,
around 8 percent below the level they were at before
short-seller Muddy Waters launched an attack on the commodities
trading company for its accounting practices and aggressive
acquisitions.
UBS said the World Bank now estimates the total cost of the
Gabon project to be at $1.5 billion to $2 billion, compared with
Olam's initial estimate of S$1.3 billion.
" A cost overrun and project delays significantly increase
the risk to management's target of turning free cash flow
positive by 2015," said UBS in a note.
The brokerage also said its bankruptcy analysis of Olam
shows the company's financial position has deteriorated to below
financial health levels, but remains above distress levels.
" A number of concerns have arisen in recent months," said
UBS, including Olam's earnings quality and growth, deteriorating
returns on asset investment, the risk of Nigerian export credit
write-downs, management compensation, the recent share buyback
considering its capacity expenditure requirements and negative
free cash flow.
0901 (0101 GMT)
(Reporting by Charmian Kok in Singapore Anupama Dwivedi
charmian.kok@thomsonreuters.com)
Keywords: MARKETS SINGAPORE STOCKSNEWS/OLAM
UBS downgraded Olam International Ltd
from 'buy' and cut its target price to S$1.33 from S$2.95,
citing uncertainties around the cost of its Gabon project.
Olam shares were down 0.3 percent at S$1.60 by 0100 GMT,
around 8 percent below the level they were at before
short-seller Muddy Waters launched an attack on the commodities
trading company for its accounting practices and aggressive
acquisitions.
UBS said the World Bank now estimates the total cost of the
Gabon project to be at $1.5 billion to $2 billion, compared with
Olam's initial estimate of S$1.3 billion.
" A cost overrun and project delays significantly increase
the risk to management's target of turning free cash flow
positive by 2015," said UBS in a note.
The brokerage also said its bankruptcy analysis of Olam
shows the company's financial position has deteriorated to below
financial health levels, but remains above distress levels.
" A number of concerns have arisen in recent months," said
UBS, including Olam's earnings quality and growth, deteriorating
returns on asset investment, the risk of Nigerian export credit
write-downs, management compensation, the recent share buyback
considering its capacity expenditure requirements and negative
free cash flow.
0901 (0101 GMT)
(Reporting by Charmian Kok in Singapore Anupama Dwivedi
charmian.kok@thomsonreuters.com)
Keywords: MARKETS SINGAPORE STOCKSNEWS/OLAM
Very wise and discerning of you to just " buy a bit" ... That's a good move.
But I tend to think it will drop today (ie. Olam & GentSp)..
But please don't let my thinking affect your decision a bit...
stockwinner ( Date: 09-Jan-2013 08:16) Posted:
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Anyway.. i might consider to buy a bit today... and another good gems... genting sp as well...good luck
iPunter ( Date: 09-Jan-2013 07:35) Posted:
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Lol... That's a flag, yes, but that's hardly a good flag... It is out of proportion...
bishan22 ( Date: 09-Jan-2013 05:14) Posted:
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No nice yet...unless bounce back today....
bishan22 ( Date: 09-Jan-2013 05:14) Posted:
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Forming a nice bull flag. 
No big deal lah when you check out where Olam was in Oct 2010 vs now. The price has fallen by more than half despite all the rosy analysts' calls.
| sun233 ( Date: 08-Jan-2013 12:01) Posted: |
You could buy and sell the rights just like other shares, it will be quoted as " Olam R" . I think the trading period is only within a week. To exercise it, you could do it by submitting the form that mailed to you or through the ATM machine.
wait_ii ( Date: 08-Jan-2013 15:18) Posted:
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Why still around? Run.... hmmm....
Must not break $1.58 support...