better punch thru $1.52 with volume..if not down again
tonylim ( Date: 19-Dec-2012 12:47) Posted:
Shortists in deep trouble now
stevenlim109 ( Date: 19-Dec-2012 12:27) Posted:
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Shortists in deep trouble now
stevenlim109 ( Date: 19-Dec-2012 12:27) Posted:
you have link to TSH?
risktaker ( Date: 19-Dec-2012 12:23) Posted:
| any shorters still havnt cover......... last call......:) |
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any shorters still havnt cover......... last call......:)
Here is the article on Bloomberg,
Bloomberg News
By Michelle Yun on December 18, 2012
Temasek Holdings Pte, Singapore’s state-owned investment company, raised its stake yesterday in Olam International Ltd. (OLAM) after earlier this month saying it would back the commodity trader’s bond offering.
Aranda Investments Pte., controlled by Temasek, bought 200,000 shares for S$293,000 ($240,598) yesterday, according to an Olam filing. Temasek’s deemed interest rose to 17 percent from 16.99 percent, it said.
Olam, the world’s second-biggest rice trader, said Dec. 3 it will offer $750 million in bonds and as much as $500 million in warrants to address any concerns about its liquidity, after short-seller Carson Block said the company may fail. Temasek, Olam’s second-biggest shareholder, agreed to buy any rights not taken up by other investors.
Temasek could end up holding as much as 29 percent of Olam if it exercises all the warrants in 2016 at the earliest, according to Sunny Verghese, Olam’s chief executive officer.
The stock has slumped 15 percent since Nov. 19, when Block first said at a London conference he was selling Olam shares short -- borrowing them to profit by buying them at a lower price later -- and that the company was at risk of collapse.
Olam said it faces no risk of insolvency and sued Block and his research firm Muddy Waters LLC on Nov. 21 in the Singapore High Court, calling the comments malicious falsehoods.
To contact the reporter on this story: Michelle Yun in Hong Kong at myun11@bloomberg.net
To contact the editor responsible for this story: Andrew Hobbs at ahobbs4@bloomberg.net
Future ( Date: 19-Dec-2012 08:58) Posted:
Yesterday temasek acquired 200,000 shares through Aranda Investments Pte. Ltd.
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Ya, sitting on huge profits hor..
wangerism ( Date: 19-Dec-2012 11:56) Posted:
Ah Gong supporting this stock...dun worry! lol
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Wow.That guy is more confident than TSH.(i.e.600lot vs 200lot).
A person would not normally revealed his position unless he cross a certain percentage and require by the SGX regulations to do so mah.Worth pondering???
Obfuscate ( Date: 19-Dec-2012 09:31) Posted:
Somebody here wrote in the old thread that he bot 600 lots of shares in 3 separate transactions before admin wiped it clean.
tonylim ( Date: 19-Dec-2012 09:16) Posted:
| This is great morale booster |
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Somebody here wrote in the old thread that he bot 600 lots of shares in 3 separate transactions before admin wiped it clean.
tonylim ( Date: 19-Dec-2012 09:16) Posted:
This is great morale booster !
Future ( Date: 19-Dec-2012 08:58) Posted:
Yesterday temasek acquired 200,000 shares through Aranda Investments Pte. Ltd.
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how come only 200 lots bought by Temasek?
Future ( Date: 19-Dec-2012 08:58) Posted:
Yesterday temasek acquired 200,000 shares through Aranda Investments Pte. Ltd.
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This is great morale booster !
Future ( Date: 19-Dec-2012 08:58) Posted:
Yesterday temasek acquired 200,000 shares through Aranda Investments Pte. Ltd.
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Yesterday temasek acquired 200,000 shares through Aranda Investments Pte. Ltd.
Business
Times
Published
December 18, 2012
LETTER TO
THE EDITOR
Sincere shareholders should stand by Olam
print |email this article
I HAVE
known the Kewalram Chanrai group (KCG) from Nigeria professionally since they
started Olam in 1989. They are a very trustworthy and credible business group.
Olam's
progress is a shining example of their sincere and untiring efforts. The
company provides fair deals to thousands of peasant farmers in Africa and now
across the globe. But it seems Olam's aggressive approach to expand too
much, too fast made it an attractive target for short-sellers such as Muddy
Waters.
During
recessionary times, agri-business assets such as plantations and agro
processing projects become available at throwaway prices. These are good times
for any business to acquire such assets. It looks like Olam did so, and did it
right. Its high debt is understandable in view of these acquisitions, which I
think are crucially important and of high value.
It
requires patience to get returns from these agribusiness projects. Although the
process can be slow and steady, such projects provide a solid base for a
trading company as returns from them are quite stable and consistent. Given
adequate time, these assets will prove to be a gold mine for both Olam and its
investors.
I
am not a financial expert or a share trader, but all my working life (35
years), I have done agro projects. Valuation concepts such as " stock in
pipeline" or " work in progress" (referred to as " biological
gains" in Olam's case) and " gestation period" are part and
parcel of project accounting, even if they may seem a bit weird to stockmarket
traders.
It
is time for sincere shareholders to consolidate behind Olam. If genuine and
major shareholders maintain their trust (as demonstrated by Temasek and KCG),
it would give a much-needed boost to market psychology and will help thwart the
attack on Olam by the short-sellers. As Olam and its major investors are
credible business groups, and Olam itself has a good business model, a
competent CEO and management and genuine intentions to succeed, I am certain
that it will emerge from its " muddy waters" situation soon and
successfully.
This
is my viewpoint, but investors should carry out their own research. I have no
financial interest in or personal contact with Olam.
Raj Saini
New Zealand
What style is this? Helicopter Style??
Richardus ( Date: 18-Dec-2012 20:58) Posted:
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Hi skk88, Thanks for the sharing! guess it is a science not an art. It is stategic trading and not wild gambling where figure not support by fact and data and purely based on luck.
Richardus ( Date: 18-Dec-2012 13:57) Posted:
Thanks for the explanation, skk888 regarding your trade decision.
As for, Peter_Pan- grow up buddy!
Peter_Pan ( Date: 18-Dec-2012 13:10) Posted:
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