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I think that it will be good, but again it is going to be a long shot.....T ever said that NOL is a strategic asset. Also, if we ever sell our shipping carrier, who will ship our F-15 back.....heee.
I am OK with rights, hope they are not buying something.........
tomhwang ( Date: 01-Jun-2009 10:46) Posted:
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They have denied that and I don't think they'll eat their words so soon. Looking at Temasek's fire sale of their US investments, there's strong possibility of a similar direction in one of NOL's units. So I see that with optimism.
It all depend how much money they are asking....1 for 1 will be bad. We will know soon if bloomberg 250M is true.
250M OK (But why ?), 500M Maybe and >1B will be bad.........vested leh.....
phil1314 ( Date: 01-Jun-2009 09:20) Posted:
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The last time a rights issue was rumoured prices came down. How will market react this time?
wongmx6 ( Date: 01-Jun-2009 09:10) Posted:
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Trading halt this morning. could be right issue.
still in my pillow .. warm warm...
Alligator ( Date: 27-May-2009 23:49) Posted:
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Neptune Orient Lines (NOL) (NEPS.SI), the world’s seventh largest shipping company, said its container arm APL is planning to raise freight rates on Asia-Europe trade routes starting next month, reported Thomson Reuters.
APL said it will raise its eastbound Europe to Asia leg by US$100 ($145) per container for scrap commodities such as paper, while the westbound Asia to Europe trade lane will see a rise of US$300 per twenty-foot container for all freight to the Mediterranean and North Europe. The industry has been facing slumping demand that has forced operators including NOL to reduce capacity, though policymakers have recently pointed to some signs of stabilisation in the world economy and economists are looking at shipping trade as an indicator.
“Despite the relative success of initiatives we implemented earlier this year, rates in the Asia-Europe trade are not even close to sustainable levels. We will be doing everything possible to ensure the latest rises are upheld,” said Detlev Kerber, APL’s vice-president for Asia-Europe trade.
NOL reported a worse-than-expected first quarter loss of US$245 million. It has seen its cargo volume slide by 26% from the start of the year until May 1 compared to a year ago, while average revenue per forty-foot container dropped 17% in this period.
Unless there is healthy news coming out of NOL, if not i doubt NOL will progress in stable pricing. And all these sum up the reason why i prefer to wait for better price.
Another news fr analyst
Neptune Orient Lines Ltd: Still in the red
Summary: Neptune Orient Lines Ltd (NOL) turned in a US$244.6m loss for 1Q09 vs. a US$120.7m profit a year ago. 1Q09 losses were wider than the US$148.5m loss incurred in 4Q08. Revenue slumped 35.9% YoY and 32.6% QoQ to US$1.5b, with all segments recording lower turnover. Key culprits for the group’s weak performance were the slump in global trade flows and deteriorating freight rates. Utilisation of its container shipping network continued falling despite the group’s capacity reduction efforts. While management has implemented cost reduction initiatives, these have yet to catch up with the group’s rapidly declining revenue. NOL expects operating conditions to remain challenging for the year ahead, and has reiterated its projection of full year losses for FY09. We are leaving out estimates unchanged. NOL’s revival hinges on the recovery of global trade flows, which remains uncertain at this juncture. Maintain SELL with S$0.815 fair value estimate. (Lee Wen Ching)
Actually got reason why wait first than buy now. Refer to below analyst report on NOL fair price.
Neptune Orient Lines Ltd: Caught in stormy seas
Summary: Neptune Orient Lines Ltd (NOL) is a global container shipping, terminals and logistics company. Its businesses are directly exposed to global economic forces. The IMF has warned that the ongoing recession could be a protracted one, painting a bleak outlook for consumer demand and global trade. The weak industry outlook is exacerbated by supply overhang and economically unviable freight rates. Having incurred a US$149m net loss in 4Q08, NOL expects net loss to widen to US$240m in 1Q09. We expect the group to incur losses for both FY09 and FY10, implying the absence of dividend payouts. A recovery of the real economy and resumption of trade flows are prerequisites for NOL’s revival. We see no near-term catalysts for the stock and initiate coverage with a SELL rating and S$0.815 fair value, based on 0.4x FY09F NTA. Risks to our assumptions include a speedier-than-expected global economic recovery and positive macro news flow which could lift sentiment. (Lee Wen Ching)
Price still progress.
Emm, wait fr a few days, see first. Hope i can got onboard this ship with a cheaper fare. Economy not good.......no choice. Cheers.
just compare with those bought $2-3 level.... now $1+....?? safe jump price only MFT will know lo...
dealer0168 ( Date: 21-May-2009 22:30) Posted:
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oh,,,I thot from you post you have already decided 1 is your entry price?
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Emm any tip on what price i should jump in. For me to choose, i will go in when its below $1. But not sure when will this day comes again. |
Neptune Orient Lines, Southeast Asia’s largest container line, will hire as many as 200 people in Phoenix as it moves its Americas headquarters to the city as part of wider cost-cutting efforts, reported Bloomberg.
The shipping line intends to employ as many as 400 people in
Phoenix, half of whom will be hired locally, it said today in a
statement on its website. The rest will relocate from the current
office in Oakland, California.
NOL intends to complete the move by the end of the third quarter as it moves its facility to cut operating expenses. The shipping line, which expects a full-year loss, has also fired staff and parked vessels to offset plunging demand for container-shipping.
The company employs approximately 10,000 people worldwide
including 4,000 in North, Central and South America, according to the
statement. Its new Americas offices will occupy one and a half floors
of the 6-story MAX at Kierland building in Phoenix.
Emm any tip on what price i should jump in. For me to choose, i will go in when its below $1. But not sure when will this day comes again.
des_khor ( Date: 21-May-2009 22:17) Posted:
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haha.... dip more I buy more.... buy cheap blue chip only when there not performing... otherwise the price already up up touch the sky liao....
dealer0168 ( Date: 21-May-2009 21:57) Posted:
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NOL is not profitting in recent quarter. Will we see last time Chartered (with last time pricing, not this current charter with 10 lots consolidation) in them? Their Price keep going down.
Does NOL worth investing now? Can anyone advice?
You sold 1.60. Now this boat whack down to about 1.22 low and it had u turn already. You can consider pick it up again.
Andrew ( Date: 14-May-2009 00:39) Posted:
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from GS May 20
Neptune Orient Lines (NOL SP): Southeast Asia’s biggest container carrier had its share-price estimate raised to $1.6 from $1.3 at Goldman Sachs Group Inc., which maintained its “neutral” rating. The stock jumped 13% to $1.43.
BDI is damn volatile and as far as Mercator goes, they are far less dependent on BDI movements.
aleoleo ( Date: 15-May-2009 08:45) Posted:
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