Olam International

[CY09]

Hi ,

Just curious, what is the difference between this 3 counters?
1. Olam R US$ R8GR
2. Olam R1 US$ R9ER
3. Olam R313 US$

the lot size is different. the first one is 1000 share/lot. the 2nd one is 1 share/lot, the last one is 313share/lot

Hi freedom does that mean the first one entitles us to subscription of 1000 bonds, the 2nd one bond, the third, 313 bonds? Ignoring warrants

[freedom]

Hi ,

Just curious, what is the difference between this 3 counters?
1. Olam R US$ R8GR
2. Olam R1 US$ R9ER
3. Olam R313 US$

the lot size is different. the first one is 1000 share/lot. the 2nd one is 1 share/lot, the last one is 313share/lot

Hi freedom does that mean the first one entitles us to subscription of 1000 bonds, the 2nd one bond, the third, 313 bonds? Ignoring warrants

yes if at least you must buy one lot of the above.

[felixleong]

if you need to do odd lots best to let your broker or dealer do the order for you
they will have better understanding of the odd lot market and hopefully get you a better price

[godjira1]

I reshorted this today at 1.595 for 20000x. Its like buying season ticket to carry on watching this football match.

[CityFarmer]

I reshorted this today at 1.595 for 20000x. Its like buying season ticket to carry on watching this football match.

I do feel that you may hit lottery this round. Wish you all the best

[felixleong]

just curious
you using SBL to short or using CFD to short?

[godjira1]

I am using SBL. I tried shorting using cfd via saxo before and didnt work then though not sure now.

[safetyfirst]

Hi guys, will just like to clarify something. If i buy olam rights today,

1) by when must i exercise the rights?

2) if i successfully exercise the rights, does that mean i will also get the free warrants?

3) since temasek will soak up any rights not taken up, is it still neceesary to subscribe to excess rights?

4) Using a numerical example, if i buy 500 olam rights today, i am entitled to 500 bonds when i exercise my 500 rights, and i will get 250 free warrants?

Thanks in advance

[izam]

Hi everyone this is my first post after lurking here for a few months!
Anyway just pointing this out. This news does not bode well for them. Price continue to tumble since an hour ago.

UBS downgrades Olam to 'sell' from 'buy'
http://sg.finance.yahoo.com/news/stocks-...23042.html


UBS downgraded Olam International Ltd to 'sell' from 'buy' and cut its target price to S$1.33 from S$2.95, citing uncertainties around the cost of its Gabon project.
Olam shares were down 0.3 percent at S$1.60 by 0100 GMT, around 8 percent below the level they were at before short-seller Muddy Waters launched an attack on the commodities trading company for its accounting practices and aggressive acquisitions.
UBS said the World Bank now estimates the total cost of the Gabon project to be at $1.5 billion to $2 billion, compared with Olam's initial estimate of S$1.3 billion.
"A cost overrun and project delays significantly increase the risk to management's target of turning free cash flow positive by 2015," said UBS in a note.
The brokerage also said its bankruptcy analysis of Olam shows the company's financial position has deteriorated to below financial health levels, but remains above distress levels.
"A number of concerns have arisen in recent months," said UBS, including Olam's earnings quality and growth, deteriorating returns on asset investment, the risk of Nigerian export credit write-downs, management compensation, the recent share buyback considering its capacity expenditure requirements and negative free cash flow.

[greengiraffe]

Here is the UBS report

Hi everyone this is my first post after lurking here for a few months!
Anyway just pointing this out. This news does not bode well for them. Price continue to tumble since an hour ago.

UBS downgrades Olam to 'sell' from 'buy'
http://sg.finance.yahoo.com/news/stocks-...23042.html


UBS downgraded Olam International Ltd to 'sell' from 'buy' and cut its target price to S$1.33 from S$2.95, citing uncertainties around the cost of its Gabon project.
Olam shares were down 0.3 percent at S$1.60 by 0100 GMT, around 8 percent below the level they were at before short-seller Muddy Waters launched an attack on the commodities trading company for its accounting practices and aggressive acquisitions.
UBS said the World Bank now estimates the total cost of the Gabon project to be at $1.5 billion to $2 billion, compared with Olam's initial estimate of S$1.3 billion.
"A cost overrun and project delays significantly increase the risk to management's target of turning free cash flow positive by 2015," said UBS in a note.
The brokerage also said its bankruptcy analysis of Olam shows the company's financial position has deteriorated to below financial health levels, but remains above distress levels.
"A number of concerns have arisen in recent months," said UBS, including Olam's earnings quality and growth, deteriorating returns on asset investment, the risk of Nigerian export credit write-downs, management compensation, the recent share buyback considering its capacity expenditure requirements and negative free cash flow.