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1. Yes.
On comment about price drops, that is market sentiment and force. it can go either ways. Many factors and players collectively make the market.
2. NOL R is counter for nil-paid rights of 1 lot=1000 shares, NOL R750 is nil-paid rights of 1 lot=750 shares.
If you are entitled shareholder, your CDP statement should show this morning on exact quantity of rights you are entitled.
these counters are set up for trading of nil-paid rights from 24 June to 2 July. People who do not wish to pay 1.3 to subscribe the rights can sell their nil-paid rights in the market during this period.
If you want to subscribe your entitled rights, you DO NOT sell, you HOLD them and pay 1.3 each before closing date 8 july.
StVier ( Date: 24-Jun-2009 11:12) Posted:
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Hi all,
I'm new to involvement in Rights so I hope to obtain some valuable advice from you veterans.
1. Does the shares obtained via Rights get merged into the Ordinary share pool which I hold now? From what I read so far, it seemed to suggest that as it gets closer to final day of rights subscription, the price will drop towards the rights offer price? Or will the price stay with the trend, effectively benefiting (based on current price) those who subscribe to rights?
2. What is that NOL R and NOL 750 counters? NOL R is rights trading, meaning those that I that subscribe to can only be traded in this counter? What about NOL 750 then?
Sorry for my ignorance.
Try not to contra these few days ... unless you are on the right side of the waves ... quite scary .. and it is for those who can hold beyond the contra time ...
Yup
Cheer ,watching transformer later.
Good news for NOL.....:
Written by Bloomberg
Tuesday, 23 June 2009 18:13
Neptune Orient Lines (NOL SP), Southeast Asia’s biggest container carrier, added 1.3% to $1.57, erasing losses of as much as 3.2%. Citigroup Inc. reiterated its “buy” rating and share-price target of $2, saying “shipping volumes face limited downside risks from current levels.” .
matthewsoh ( Date: 23-Jun-2009 17:01) Posted:
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If market good , NOLR will be good NOL will be good!!
YUPPIES ..
One week to play
| Alligator ( Date: 23-Jun-2009 17:05) Posted: |
NOL RTMR to next week NOL will soar ... if market sendiment is good !! NOL proven to rise among the reds... haha
cheong Cheong ...
Interesting BUY call with TP 2.00 from Citi after NOL released P5 info.
22 June 2009 9 pages
NOL (NEPS.SI)
Buy: May 2009 Operational Update – Downside Risks are Limited
May-09 data — NOL’s May-09 revenue/TEU and shipping volumes were flat
MoM and -23%/-21% YoY, the latter due to base effects. Mid-year seasonality
will likely lift volumes slightly in coming months while rates may be forcibly
raised from current “unsustainably low” levels. While the longevity of these
positive data points is debatable, we re-iterate our view that freight rates and
shipping volumes face limited downside risks from current levels.
Industry financing woes have eased — Recent improvement in equity and credit
markets provides an opportunity for shipping companies to plug their funding
gaps at a lower cost. Concurrently, better access to liquidity will also allow
financially stronger players to acquire assets from their more distressed
counterparts. The revival of the sale and purchase market may set visible price
benchmarks that may, in turn, trigger loan-to-value covenants embedded in
shipping loans, forcing further distressed sales.
Well-positioned for consolidation phase — NOL’s FY09E net gearing of 0.1x is
one of the lowest in its operating history (Figure 4) and also one of the lowest
amongst peers (Figure 5). NOL’s ability to make acquisitions from a position of
strength is a distinct advantage as the industry enters a consolidation phase.
Maintain Buy/High Risk — Our S$2.00 (ex-rights) target price is based on 1.3x
FY09E P/B, similar to levels seen in 2002 recovery. Catalysts: 1) ability to raise
rates above current “unsustainably low” levels; 2) volume recovery as global
trade resumes; 3) accretive acquisitions. Risks: 1) a prolonged economic
recovery; 2) over-paying for acquisitions; 3) persistent vessel over-supply.
Agreed, this few weeks NOL stock price will not be stable bc of the RIGHTs effect.
Preferable for those that vest in this counter, look at long term..........
This stock is promising for a longer term, but I am worried about the rights effect.
It may possibly go down to the rights price before rising, as happened to some other stocks. 
just see the chart. nice to stay in the channel, inspites of the drop caused by the ex-rights adjustment
yup I seconded! ...
Now come to think , those shortist who purposedly sold down the prices these two days during the last minutes had their backside BURNT. Serve them right. Cos see the unorthodox way of bring them price down pissed me off. HAHA... now I got the last luff. If you sell cheap , I will buy and sell at the higher price to you at a higher price !!
Cheers:)
I valued true players here .. :)
iPunter ( Date: 18-Jun-2009 20:57) Posted:
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from NOL BOD
CLARIFICATION ON MEDIA REPORTS SUGGESTING APL’S INVOLVEMENT IN
KAOSHIUNG PORT CORRUPTION AND FRAUD CHARGES
It has been noted that various media reports since late evening of 18 June 2009 had
suggested that the Company’s subsidiary, APL, was involved in certain corruption
and fraud charges relating to the falsification of data to claim performance incentives
from the Taiwan government.
The Board wishes to clarify that whilst 3 employees and 1 ex-employee of APL
Taiwan are among the persons indicted or to be indicted on the aforesaid corruption
and fraud charges, none of the NOL group companies (including APL) has been
indicted on such charges. The Company denies any involvement in this matter.
The Company has a firm policy and takes a serious view against, and does not
condone, corruption and fraud.
By Order of the Board
Wong Kim Wah (Ms)
Company Secretary
Date : 19 June 2009
