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250M seems a bit lame for a company like NOL, if they really need money why pay 4cts div or 37M USD. Also the selling is almost instantanous, has to be a singular entity ??
As I said earlier, AXA just sold 2M shares on 5/3. and interestingly, the announcement came on the same day as if NOL got the info during lunch time ?? announced at 1717hours, 4 hours to think and write......hmmmmm
Anyway, out of impulse.....buy a bit at 90......heeeeee......hope I don't lose money......
If it is indeed AXA, and selling at 20M a day, still got 4 days to sell off the balance 67M shares.....
rights issue better than bail-out.
smells like capland.
trader88.sg ( Date: 10-Mar-2009 18:46) Posted:
Business Times - 10 Mar 2009
NOL says continually evaluates options to improve performance
By
ANGELA TAN
Neptune Orient Lines (NOL),
whose shares sank on Tuesday on rumours of an impending rights issue,
said the ompany 'continually evaluates all available options to improve
its performance and strategic position'.
It added it is the company's policy not to comment on market rumour or speculation.
'We confirm that the company has not entered into any agreements
that would require disclosure in accordance with the SGX-ST Listing
Rules,' NOL said.
Earlier on Tuesday, a Dow Jones report said the shipping giant is considering a rights issue to raise more than US$250 million.
NOL eventually closed below S$1 a share, at 93.5 cents, down 8.5 cents from Monday.
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Technically very dicey...
It has broken through the low floor...
If the news is confirmed, it may even fall lower (
but not before a small 'bargain hunter' rally)...
'We confirm that the company has not entered into any agreements
that would require disclosure in accordance with the SGX-ST Listing
Rules,'
If they had entered into any agreements
that would require disclosure in accordance with the SGX-ST Listing
Rules, it is already old news!
As usual, "it is the company's policy not to comment on market rumour or speculation."
Remember the Chinese saying, "无风不起浪", literally means without breeze, there will not be tides!
Business Times - 10 Mar 2009
NOL says continually evaluates options to improve performance
By
ANGELA TAN
Neptune Orient Lines (NOL),
whose shares sank on Tuesday on rumours of an impending rights issue,
said the ompany 'continually evaluates all available options to improve
its performance and strategic position'.
It added it is the company's policy not to comment on market rumour or speculation.
'We confirm that the company has not entered into any agreements
that would require disclosure in accordance with the SGX-ST Listing
Rules,' NOL said.
Earlier on Tuesday, a Dow Jones report said the shipping giant is considering a rights issue to raise more than US$250 million.
NOL eventually closed below S$1 a share, at 93.5 cents, down 8.5 cents from Monday.
im not trying to poor cold water, but if NOL doesn't comment on the issue, then most prob there is going to be some form of rights issue.
If you guys do remember, they tried to ask Capitaland on the then rights issue rumours. what they did say was "it is not policy to comment on rumours", soon after there was the rights issue.
When they asked CityDevt, they categorical denied any rights issue.
Hope I didn't get the facts wrong. cheers
hope they dun announce 1st if it is true. or if nt true den it will be strong rebound.
AK_Francis ( Date: 10-Mar-2009 17:19) Posted:
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March 10, 2009, 4.29 pm (Singapore time) 
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NOL dives on report of rights issue plan
NOL did not respond to emails asking for a comment, or answer telephone calls.
SINGAPORE - Shares of Neptune Orient Lines (NOL), the world's seventh-largest container shipper, fell as much as 12.7 per cent on Tuesday after a Dow Jones report that the company is considering a rights issue to raise more than US$250 million.
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March 10, 2009, 4.29 pm (Singapore time)
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NOL dives on report of rights issue plan
NOL did not respond to emails asking for a comment, or answer telephone calls.
SINGAPORE - Shares of Neptune Orient Lines (NOL), the world's seventh-largest container shipper, fell as much as 12.7 per cent on Tuesday after a Dow Jones report that the company is considering a rights issue to raise more than US$250 million.
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hehe hope tml will up more.. onli load 10lots nia.. didnt earn much also.. if can go back to 1.02 den will be v hapi..
iPunter ( Date: 10-Mar-2009 17:14) Posted:
Good...
at today's close, you are already in the money... 
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Good...
at today's close, you are already in the money...
no stop lost in mind yet. maybe 0.88
iPunter ( Date: 10-Mar-2009 16:33) Posted:
.895 now... any stoploss in mind? ...
freeme ( Date: 10-Mar-2009 15:34) Posted:
| heng i offload at 1.02 two days ago. re entry at 0.905 nw |
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.895 now... any stoploss in mind? ...
freeme ( Date: 10-Mar-2009 15:34) Posted:
| heng i offload at 1.02 two days ago. re entry at 0.905 nw |
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Recently AXA offloaded some shares on March 5.....just wondering if they are selling again.
In just a matter of tens of minutes can push down some much, may not be just shortist.....
heng i offload at 1.02 two days ago. re entry at 0.905 nw
all became BBCs !!!
rumous that NOL will issue RIGHTS ....... so when people got the news, just short it down loh ......
freeme ( Date: 10-Mar-2009 15:24) Posted:
| im seeing it from the screen drop from 1.02 straight to 0.9. scary sia what happen? |
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right issue ?? then kenal from left !!
im seeing it from the screen drop from 1.02 straight to 0.9. scary sia what happen?
This is one good blue chip to buy cheap cheap and keep...
But no one knows yet how cheap is the real cheap...
