Login . Register .
Latest Trades
TengkorOPENLONG$18.330DBS GROUP HOLDINGS LTD
TengkorOPENLONG$9.730SINGAPORE AIRLINES LTD
TengkorOPENLONG$41.220JARDINE CYCLE & CARRIAGE L
Post Reply 
[STOCK] OLAM INTERNATIONAL LIMITED
Author Message
30-12-2011 6:29 AM
Raw Offline
Newbie

Posts: 8
Reputation: 0
see Olam Chart. Good chance for window dressing,, 2.21


Attached File(s) Image(s)
   
(This post was last modified: 30-12-2011 6:32 AM by Raw.)
Find all posts by this user Quote this message in a reply
1-1-2012 12:52 PM
dragonball Offline
Senior Sheep

Posts: 294
Reputation: 2
2.21 - quite good chance. But counter trend trade is not for me. No time to monitor closely.

~~ 不以物喜,不以己悲。达则兼善天下,穷则独善其身。 ~~
Find all posts by this user Quote this message in a reply
4-1-2012 7:41 PM
Raw Offline
Newbie

Posts: 8
Reputation: 0
shorted at 2.24.. see how Dow perform.. Basically, it will be driven by DOW again after STI one time 50 points..

Europe problem yet to resolve.

cheers
Find all posts by this user Quote this message in a reply
4-1-2012 11:43 PM
dragonball Offline
Senior Sheep

Posts: 294
Reputation: 2
True. Play along the major trend is safer.

~~ 不以物喜,不以己悲。达则兼善天下,穷则独善其身。 ~~
Find all posts by this user Quote this message in a reply
11-1-2012 3:39 PM
raintree Offline
root

Posts: 184
Reputation: 5
Swee Swee ya .. Chiong ya....
Find all posts by this user Quote this message in a reply
26-11-2012 11:49 AM
alleggsinonebasket Offline
Administrator

Posts: 3,332
Reputation: 49
Gone case. 8 billion debt with a market cap of 4B.

Cost is going up and commodity demand is soft.

Question is how long before it shows up in the share price
Visit this user's website Find all posts by this user Quote this message in a reply
26-11-2012 12:16 PM
wiley Offline
the whale

Posts: 6,125
Reputation: 14
http://www.investorcentral.org/text_ntu.php?textlink=Q9CoDCCX

In February 2011, Olam denied there were inaccuracies in its accounts after a CLSA analyst raised concerns about internal controls, citing multiple and sometimes significant differences between Olam's audited and unaudited statements.

Muddy Waters cites that CLSA note in its letter.

"Olam has since increased its a) debt load by approximately S$900 million, b) cumulative investment cash burn by approximately S$2 billion, and c) cumulative operating cash burn by approximately S$500 million," the letter says.

c( ͡° ͜ʖ ͡°)ɔ “A fool thinks himself to be wise, but a wise man knows himself to be a fool.” From “As You Like It,” by William Shakespeare
Find all posts by this user Quote this message in a reply
26-11-2012 12:39 PM
Lesser Mortal Offline
三等公民

Posts: 4,435
Reputation: 8
Dun know, i dun hold olam share and i am not a shortist. So just read the news like watching drama. But olam decided to sue muddy water right, so how the case will go.

Anyway, it is not easy to tell now, as muddy water also have his own objective as there already news that they have short olam before they make this comment. Anyway interesting drama and now watching free show and see what happen next.

The people deserve the government they have.
He who gives up freedom for safety deserves neither.
Democracy gives every man the right to be his own oppressor.
It has been found that the best way to insure implicit obedience is to commence tyranny in the nursery.
Find all posts by this user Quote this message in a reply
26-11-2012 12:59 PM
essen Offline
秦始皇

Posts: 2,207
Reputation: 8
How did it incur so much debt?

不懂装懂 永远饭桶
Find all posts by this user Quote this message in a reply
26-11-2012 1:36 PM
sticw Online
Mere Mortal

Posts: 9,314
Reputation: 36
It's their biz model... Very thin margin biz... Trying to corner the market... Quite a few counters go on that biz model/strategy...
Find all posts by this user Quote this message in a reply
Post Reply 
User(s) browsing this thread: 1 Guest(s)

Forum Jump:
Contact . Privacy . Rules .  RSS . Back-to-Top