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commodities getting dragged down across the board. sideline better..
oversold? support at 2.09 broken
what happning to market, this reminds me of subprime issue. how low ???????
why os olam going through this phase, since februry 2012 its been between 2.28-2.38.
On Friday, Olam re-test the resistance at $2.38 and closed at $2.32 with regular volume of 10.33 million shares traded.
During the past 10 bars, there have been 5 white candles and 4 black candles for a net of 1 white candle. During the past 50 bars, there have been 18 white candles and 26 black candles for a net of 8 black candles.
Both RSI & MACD are flat as MACD lines are closely together.
Important Resistance of Olam: $2.47
Immediate Support of Olam: $2.31
Currently prices are resisted by 20 days MA.
Since Feb 2012, prices have .......... READ MORE
same.. just offloaded yest..
should have offload my wilmar n retry again too..
Juzztrade ( Date: 13-Apr-2012 23:34) Posted:
|
Have been making some small profit for this month...
| Day | Date | Open | High | Low | Close | Volume |
| Friday | Apr-13 | 2.34 | 2.36 | 2.32 | 2.32 | 10,332,000 |
| Thursday | Apr-12 | 2.3 | 2.32 | 2.29 | 2.31 | 7,723,000 |
| Wednesday | Apr-11 | 2.28 | 2.29 | 2.25 | 2.26 | 9,636,000 |
| Tuesday | Apr-10 | 2.29 | 2.33 | 2.28 | 2.3 | 6,019,000 |
| Monday | Apr-09 | 2.28 | 2.3 | 2.28 | 2.29 | 3,279,000 |
| Thursday | Apr-05 | 2.28 | 2.33 | 2.28 | 2.31 | 6,752,000 |
| Wednesday | Apr-04 | 2.32 | 2.33 | 2.29 | 2.29 | 9,043,000 |
| Tuesday | Apr-03 | 2.37 | 2.38 | 2.33 | 2.34 | 8,265,000 |
| Monday | Apr-02 | 2.37 | 2.39 | 2.36 | 2.37 | 5,709,000 |
| Friday | Mar-30 | 2.35 | 2.39 | 2.34 | 2.36 | 16,791,000 |
| Thursday | Mar-29 | 2.36 | 2.37 | 2.34 | 2.34 | 8,516,000 |
| Wednesday | Mar-28 | 2.36 | 2.39 | 2.35 | 2.38 | 9,316,000 |
| Tuesday | Mar-27 | 2.37 | 2.38 | 2.35 | 2.38 | 11,667,000 |
| Monday | Mar-26 | 2.34 | 2.37 | 2.33 | 2.35 | 9,127,000 |
| Friday | Mar-23 | 2.32 | 2.35 | 2.31 | 2.35 | 7,415,000 |
| Thursday | Mar-22 | 2.31 | 2.34 | 2.3 | 2.32 | 8,485,000 |
| Wednesday | Mar-21 | 2.33 | 2.33 | 2.3 | 2.33 | 6,021,000 |
| Tuesday | Mar-20 | 2.33 | 2.34 | 2.32 | 2.32 | 9,279,000 |
| Monday | Mar-19 | 2.37 | 2.37 | 2.32 | 2.32 | 7,371,000 |
| Friday | Mar-16 | 2.34 | 2.36 | 2.33 | 2.35 | 8,191,000 |
| Thursday | Mar-15 | 2.34 | 2.34 | 2.3 | 2.33 | 9,727,000 |
olam walking and falling like a wounded soldier.crazy market
nw is good buy 2.3..
small buy
It's a good buy...
|
Done Time |
Done Price |
Done Quantity |
Counter Party |
|
3/4/2012 13:09 |
2.34 |
50000 |
MERLYN |
Juzztrade ( Date: 03-Apr-2012 13:43) Posted:
|
Merlyn sold 50 lot to me at 2.34
olam still moving like a sick cat
closing @ 2.38 on high vol confirms the breakout...
looking gd for those vested..
gd luck!! DYODD
ozone2002 ( Date: 27-Mar-2012 14:29) Posted:
|
very gd vol today...
confirmation of break out upwards if price breaks 2.37...
gd luck ..dyodd
Hope the squeeze can propel this laggard. 
New123 ( Date: 26-Mar-2012 13:47) Posted:
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Looks like it it going to trend upwards to $2.40...
susan66 ( Date: 26-Mar-2012 12:29) Posted:
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Me too vested, good luck!
ozone2002 ( Date: 26-Mar-2012 11:11) Posted:
|
olam technicals are suggesting that it is on the verge of a breakout upwards..
vested 2.35
gd luck DYODD!~~
Olam: 1QFY12 results were largely inline with consensus forecasts, but expect market to react positively, as market concerns that Olam may make losses in cotton did not play out.
Olam reported net profit of $34.2m, +15% yoy, contributing to ~8% of consensus full year earnings estimate. Typically, 1Q is the seasonally weakest quarter, accounting for 5-10% of full year profit.
Overall sales volume grew 17.7% while net contribution (NC) per ton rose 5.5%.
Confectionery & beverage segment recorded the strongest growth in volume, +23.5% yoy. The coca business is progressing well and continues to integrate the operations of newly acquired Britannia during the quarter.
Edible nuts, spices & beans segment posted the strongest increase in margins with NC per ton increasing by 29.6% due to expansion into upstream as well as value-added downstream processing.
The industrial raw materials segment managed to chalk up volume growth of 8.7% but NC per ton declined by 24% due to tougher operating environment (weak demand, extreme price volatility, and increased counter party risk). Nevertheless, Olam’s cotton business was relatively resilient, and supply side defaults were limited.
Going forward, the co believes the cotton mkt has normalized. Mgt reinforced guidance of US$1b earnings by 2016F.
Net gearing improved to ~1.7x from 2.2x in the last quarter.
Olam now has enough war chest to fund $2.5b in new capex (ex committed equity) without risk of further dilution.
Nomura keeps at Buy with TP $3.50.
Deutsche keeps Buy with TP $2.90.
Goldman maintains Neutral with TP $2.85.
OCBC downgrades to Hold from buy with TP $2.63, given limited upside potential from current share price.
Olam reported net profit of $34.2m, +15% yoy, contributing to ~8% of consensus full year earnings estimate. Typically, 1Q is the seasonally weakest quarter, accounting for 5-10% of full year profit.
Overall sales volume grew 17.7% while net contribution (NC) per ton rose 5.5%.
Confectionery & beverage segment recorded the strongest growth in volume, +23.5% yoy. The coca business is progressing well and continues to integrate the operations of newly acquired Britannia during the quarter.
Edible nuts, spices & beans segment posted the strongest increase in margins with NC per ton increasing by 29.6% due to expansion into upstream as well as value-added downstream processing.
The industrial raw materials segment managed to chalk up volume growth of 8.7% but NC per ton declined by 24% due to tougher operating environment (weak demand, extreme price volatility, and increased counter party risk). Nevertheless, Olam’s cotton business was relatively resilient, and supply side defaults were limited.
Going forward, the co believes the cotton mkt has normalized. Mgt reinforced guidance of US$1b earnings by 2016F.
Net gearing improved to ~1.7x from 2.2x in the last quarter.
Olam now has enough war chest to fund $2.5b in new capex (ex committed equity) without risk of further dilution.
Nomura keeps at Buy with TP $3.50.
Deutsche keeps Buy with TP $2.90.
Goldman maintains Neutral with TP $2.85.
OCBC downgrades to Hold from buy with TP $2.63, given limited upside potential from current share price.
Olam International Limited announced the proposed acquisition of 100% of equity interests in the Progida Group
http://sgsharemarket.com/home/2011/11/olam-international-limited-announced-the-proposed-acquisition-of-100-of-equity-interests-in-the-progida-group/