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(Post 1 of 9222) 06/23/1999.17:46:00 |
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Oldman, rover or anyone...can provide me with some insights. Thanks |
| (Post 2 of 9222) 06/23/1999.17:51:00 |
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Also noted 985 lots done @1.90 and 268 lots done @1.90 towward closing (around 5 p.m).. Anu clue to anything |
| (Post 3 of 9222) 06/23/1999.18:41:00 |
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Not sure what is happening. Did not actually think that this share can rally until so high !!! |
| (Post 4 of 9222) 06/23/1999.21:38:00 |
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One broking house said that NOL would surge up to $2.50, my expectation for NOL to go up $2.20. Watchout. |
| (Post 5 of 9222) 06/23/1999.21:41:00 |
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One broking house said that NOL would surge up to $2.50, my expectation for NOL to go up $2.20. Watchout. |
| (Post 6 of 9222) 06/23/1999.22:52:00 |
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It is expected that the placement shares will be well received by overseas fund managers given the foresight of the new CEO. I believe NOL will go up further given that the palcement price has not been fixed yet. The higher the market price, NOL will then be able to fixed a higher placement price. Expected to hit 2.50 soon. Already holding 60 lots at 1.56. However, as STI is approcahing 2200 mark, I shall be leaving the market soon. Probaly this Friday. Hope to pocket 40K from NOL.. |
| (Post 7 of 9222) 06/26/1999.07:16:00 |
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. |
| (Post 8 of 9222) 07/03/1999.16:15:00 |
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Re-posting this here for benefit of those who missed Believer and Kind Doctor's conversation on this stock. Quote: By Believer (Believer) (192.169.41.47 - 192.169.41.47) on Saturday, July 3, 1999 - 03:27 pm: Ride the momentum and get out when it turns, nothing wrong. Keep close watch. My points has nothing to do with short term momentum drive, good luck, Doctor. -------------------------------------------------------------------------------- By Kind Doctor (Kind_doctor) (165.21.83.141 - 165.21.83.141) on Saturday, July 3, 1999 - 03:08 pm: Wow, that's a strong opinion (about NOL). While I agree that it's deeply in overbought territory, it's got pretty good momentum and should have some way more to go. The moving averages (I'm a true believer in these) have not crossed yet, so I'm holding on for now. It's probably up on the hype of a new foreign CEO etc. Don't know much about its fundamentals, but I may sell if it shows more than a couple days of weakness next week. This one has been good to me. Holding 10 lots at 1.385. -------------------------------------------------------------------------------- By Believer (Believer) (192.169.41.38 - 192.169.41.38) on Saturday, July 3, 1999 - 02:13 pm: NOL 2.450 a SELL if you are not a speculator -- huge amount of US corp bonds comparable to AT&T one in 3rd qtr -- risk factor of an Asian shipping company with high gearing just sold its HQ is not small from their eyes -- China Pacific has an upper hand over NOL in the coming years with much more development capacity and it is of a much lower PE NOL will has no choice but to do its hard sell of the perferred stocks and convertible bonds at the expenses of the current share holders; the dilution effect will be above 50% as I forecast. The fund raising operation is so big in scale at a time of local historical rate lows, any prospective buyers will look into the pospective earning capacity of NOL in detail; they are buy no means contra players who buy into any news, disregarding the real story in it. Chase it further up as a punter or take the $ for its limited surplus in the coming years, each one has his choice. The new CEO, he aims at cutting the loss, turn it into black, at any cost. He cares nothing whether you got a share at 2 dollar or 3. The yield and the PE will be seen - a nonsense investment at any quote beyond $1.20. But, never mind lah, if you are of the opinion that greater fools will push it even higher from current level. You may just comfort yourself that Believer missed the ship and wish to buy it lower or Believer shorted it on Friday now in panic wish to cover short. Various factors there, I admit, it's from my point of view only. But I insist,"It's a SELL!" Unquote. |
| (Post 9 of 9222) 07/04/1999.00:31:00 |
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I have sold 75 lots, holding only 5 for Monday. Money in my pocket is always better than paper gain. Best of luck for those who hold on to it.. |
| (Post 10 of 9222) 07/06/1999.11:32:00 |
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Ahhh, another favourite. Lousy fundamentals aside, this one is technically very attractive. Successively higher peaks for the stochastics, MACD still far apart, MA still on a good uptrend. Only thing is Chaikin oscillator just turned downwards from a peak (very early indicator of trend reversal?). Momentum is still positive, although slowing down. We shall see how long the new CEO continues to generate hope. View: nibble on dips. Holding 10 lots. |
| (Post 11 of 9222) 07/12/1999.13:44:00 |
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Company Announcements -------------------------------------------------------------------------------- NEPTUNE ORIENT LINES LIMITED Press Release NOL SHAREHOLDERS SHOW STRONG SUPPORT FOR CAPITAL RAISING PLANSINGAPORE, 12 JULY 1999 - Shareholders of Neptune Orient Lines Limited (NOL) paved the way for a stronger NOL and a new era of growth for the company when they approved a US$500 million capital raising initiative at an Extraordinary General Meeting held today.The company will seek to raise US$300 million from an International Share Placement (ISP) of ordinary shares and US$200 million from an issue of non-voting Redeemable Non-convertible Preference Shares (RNPS).Following the shareholder meeting, top management of the company, including Group President and Chief Executive Officer of NOL Group, Mr Flemming R Jacobs, will embark on an international initiative to introduce the offer to potential institutional investors around the world. Over the next 10 days, the delegation will meet with institutional investors in cities such as Singapore, Hong Kong, London, New York and Boston.Mr Jacobs said that the approval from shareholders demonstrated their commitment to the company and their confidence in its future growth prospects."With this approval, NOL is taking a major step forward," he said. "For the first time in the Group's history, we will go to the international market to raise capital. This will raise the profile of the company internationally consistent with our global business objectives.""It also supports our stated objective of improving our financial position as quickly as possible and will assist our efforts to return the company to profitability," said Mr Jacobs.The company will use approximately one-third of the capital raised to fund profitable growth opportunities in its core competencies of container transportation and logistics. The balance will be used to repay debt.NOL is providing a help line for shareholders to ask questions about the share issues. The help line can be reached during business hours on telephone 371 5380 or 371 5201.From now until the end of the book-building process, Singapore investors can place their orders for shares under the ISP through their stockbroker.NOL is a global transportation and logistics company engaged in shipping and related businesses. Its container and logistics arm, APL, provides customers around the world with container transportation and logistics services through a network combining high quality inter-modal operations with state-of-the-art information technology.Release Ends NB (i) The materials are not an offer of securities for sale in the United States. (ii) The securities may not be offered or sold in the United States unless they are registered or exempt from registration.(iii) No offering of securities will be made in the United States except by means of a prospectus that will contain detailed information about the issuer and its management, as well as financial statements. Submitted by Marjorie Wee, Company Secretary on 12/07/1999 to the SES |
| (Post 12 of 9222) 07/12/1999.16:15:00 |
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From Fraser: Trading Ideas NOL in midst of fourth breakout The stock has staged 3 major breakouts on heavy volumes since it bottomed out at a mere 27.5 cents last September. It is now in the midst of a fourth breakout following the brief pullback from a recent high of $2.52 to an intra-day low of $1.98 on July 7. This is a significant 21.4% correction and had paved the way for a swift recovery back to near the highs. Although the strong rallies recently have made NOL appears to be technically stretched, it is still half-way through its fourth breakout with a medium term target of $3. In the near term, the counter should clear current resistance around $2.50 and climb to around $2.70. With strong support around $2.10-$2.20, NOL is expected to continue to attract both short term traders and long term investors on each bout of price weakness despite its lack of strong corporate fundamentals. The target for NOL in the next 6 to 9 months is $3.30-$3.50. Last updated at 07/12/99 02:20:52 PM Note that I have vested interest (20 lots) in this counter. |
| (Post 13 of 9222) 07/22/1999.19:20:00 |
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Singapore's NOL raises all S$500 million in new shares Singapore, July 22 - Singapore's Neptune Orient Lines Ltd., one of Asia's biggest shipping companies, said better-than-expected demand from investors will enable it to raise the funds it needs without offering preference shares. NOL said meetings in Singapore, Hong Kong, London, New York and Boston last week helped it sell 447.5 million new shares at S$1.90 each, raising S$850.25 million (US$500 million) to cut debt and increase working capital. The company had planned to raise the money through the sale of US$300 million in new shares and US$200 million in non-convertible preference shares. The latter shares would have carried no voting rights but offered holders a yield of up to 9 percent yearly. The cancellation of the preference shares will save NOL as much as US$18 million a year in interest. Source: Bloomberg |
| (Post 14 of 9222) 08/11/1999.02:17:00 |
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NOL – A ‘descending triangle’/’symmetric formation’ ? 1. Which ever case, it is testing the downside brk-out. 2. For the former, baseline stands at $1.87 , a convincing close below will trigger objective of (minus 65 cents approx. from $1.87) 3. For the latter, objective tgt. Towards approx. $1.23  |
| (Post 15 of 9222) 09/14/1999.01:31:00 |
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Wile, Kind Doctor - care to comment on NOL? Looks a possible reverse head & shoulder (hav yet to see brkout) Thank u in advance. |
| (Post 16 of 9222) 09/14/1999.07:13:00 |
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Wah, quite rusty at TA after 2 weeks of reservist (and one more week to go).  OK, if you look at the long long term, there's definitely been a change in this stock. It's dramatically arrested a long term decline and shot up since Apr 1999. This is significant because every other stock followed the market up in Sep 1998, but this one lagged behind until they got the ang moh to lead the company. Distribution became accumulation about this time (see the ACCCDIS chart). Whether it has peaked or whether it will go on to greater strengths from here is anybody's guess, but I would say it still has significant upside based on the strength of the uptrend alone. If you want to buy for the long term, now is as good an entry point as any, although the stochastics and RSI are not compelling, they're not discouraging either.  For short term, like every other stock lately, it's range trading time, my naked-eye estimation would be between $1.80 and $2.20. That is, buy at around $1.80 level and sell at around $2.20 level. If you are less patient, you can tighten the range to $1.90 to $2.10, but your broker will make more than you. For your info, this amateur sold out at $1.88 in July but then the funds were profitably re-deployed, so that's OK. |
| (Post 17 of 9222) 09/14/1999.07:15:00 |
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About your question, sorry I don't really see any head and shoulders, reversed or not. |
| (Post 18 of 9222) 09/14/1999.13:28:00 |
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Qijun, Agree with Kind Doctor that it is still range bound, within $1.80 - 2.25 in my chart. It is also capped by a descending trendline extending from July. At the moment, the trendline is at about $2.16 and declining. There is still no clear indication where the stock will be heading. The indicators are quite mixed. The reverse head and shoulder you are referring to is not very distinctive. Are you referring with the structure with "neckline" at $2.25 ? In any case, if share price can break out of $2.25 accompanied with volume, the next hurdle is $2.50. Yes the price has moved up today with increase in volume. But at the moment, I cannot see any clear sign of a breakout yet. Just my view and hope it helps. By the way, Vickers Ballas has a long term target of $3.50. |
| (Post 19 of 9222) 09/14/1999.22:06:00 |
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Thank u both Kind Doctor & Wile. From Kind Doctor's chart, looks like Stochastic/MACD were shoeing positive signs. And yes, Wile, that my neckline is refering to $2.25 I was starting to suspect such pattern. Nonetheless, brkout not being observed yet, so will still wait. Thank U both |
| (Post 20 of 9222) 09/23/1999.16:25:00 |
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Neptune Orient swings to S$10 mln profit in 1st half Singapore, Sept 22 -- Singapore's Neptune Orient Lines Ltd., one of Asia's biggest shipping companies, swung to a profit in the first half, boosted by one-time proceeds from the sale of its U.S.-based cargo train unit. Profit for the first six months ended June was S$10 million ($5.9 million), or 1.39 cents a share, from a loss of S$240.8 million, or 33.3 cents, in the previous period. The company would have posted a loss of S$167 million, without the one-off items. That's better than the previous period's loss of S$325 million. ``We have begun the financial turnaround,'' said Flemming Jacobs, group president and chief executive. ``I'm not satisfied -- we are on the right track, but nowhere near where we want to be.'' A return to profitability would go some way to convince investors that the company is rebounding from a S$438 million loss last year. Neptune Orient said it expects to post a profit for the full year and sees a better second half. ``We'll definitely have lower interest costs in the second half as we move forward, the freight rate improvement really kicked in only from May and from July,'' said Jacobs, who took over in June. ``The effort we started a couple of months ago to take cost out of our system, and that's a rather dramatic effort.'' The first half results include a one-time profit after tax of S$285 million from the sale of the North American stacktrain business, the company's statement said. After deducting S$108 million in provisions for doubtful debts, an anticipated loss on the sale of assets and doubtful loans to associates, the company had a one-off gain of S$177 million. NOL's sales rose 16 percent to S$3.45 billion in the first half. Source: Bloomberg |
| (Post 21 of 9222) 09/23/1999.21:02:00 |
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JFR says NOL still a Buy Singapore, Sep 23 -- Jardine Fleming Research says it is not alarmed by Neptune Orient Lines' lower-than-forecasted interim earnings performance as it sees 1999 as the year of transition for the shipping company. JFR says NOL is facing its future with confidence and investors should look over to NOL's new horizon, into 2000 and beyond. The research unit says that NOL has the ability to effect the change towards a higer value logistics player which will translate into higher ratings for its stock. Moreover, JFR believes that is not expensive to pay for this change by buying into prospective FY2000 and FY2001 PERs of 25 times falling to 15-18 times. |
| (Post 22 of 9222) 09/29/1999.21:16:00 |
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NOL is a BUY at Vickers Ballas Summary of report: - 1. A leading global carrier, NOL is a proxy to the recovery of the container shipping industry and the regional economic recovery. The recent capital-raising exercise has strengthened the group's balance sheet. Providing an extra catalyst to growth is management's vision to transform the group into an integrated logistics player by harnessing on its global positioning and its strength in information technology. 2. Current EV/EBITDA ratios are undemanding at 7.5x declining to 5.8x compared to historical industry average of 10x - 20x over the past four years, and NOL's historical EV/EBITDA of 10x - 26x. Maintain OUTPERFORM with a 12 month price target of $3.50 representing an EV/EBITDA of 8.7x on FY00 earnings. Buy - Recovery Play. |
| (Post 23 of 9222) 10/13/1999.12:58:00 |
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SINGAPORE, Oct 13 (Reuters) - Salomon Smith Barney has initiated coverage on Neptune Orient Lines (NOL) with a buy, high risk rating, and a target price and fair value of S$3.00. At 0325 GMT, NOL shares were changing hands at S$2.32, up one cent from Tuesday's close, on trading of 1.38 million shares. In a report dated October 7, Salomon said the shipping group's operational turnaround in the first half of 1999 had been confirmed by its encouraging interim results. Salomon was the lead manager of NOL's massive share placement earlier that raised US$500 million for the loss-making, Singapore-based shipping group. Salomon analyst Charles de Trenck said he expected NOL's operating profit before tax, interest expense, depreciation and amortisation, to jump six-fold to S$851 million in 1999, but a U.S. downturn in 2000 would threaten sustained recovery. Salomon said NOL's new Chief Executive Officer Flemming Jacobs was likely to stabilise the group's core operating profit. NOL, ranked seventh in the world in terms of container fleet capacity and fifth in revenues after buying American President Lines in 1997, has an estimated net asset value per share of S$1.88, Salomon said. De Trenck had forecast a 1999 net profit of S$187.6 million and a figure of S$169.9 million for 2000. (Note: Just for sharing. I have no holdings in NOL) |
| (Post 24 of 9222) 10/14/1999.21:48:00 |
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Freight hikes planned on Asia-Europe trade Vickers Ballas Recommendation (14/10/99): BUY Share Price / STI Index ($2.30) (STI: 2096) The Facts (Source: Shipping Times) 1. Member lines of FEFC are planning two freight rate hikes next year: US$150/TEU on April 1 and a second US$250/TEU in Aug 1 2000. 2. This is on the back of strong volumes on the FE-Europe trade, with shipping lines operating at close to 100% utilisation for 1999 so far. 3. Given strong volumes on outbound trades to Europe and US from Asia, major lines have reasonably successful in implementing rate hikes, including the US$900/FEU on Asia-US trade and the US$150/FEU on Asia-Europe trade. 4. In addition, FEFC is also implementing a bunker surcharge of US$37 per TEU to both Westbound and Eastbound trades between Far East and Europe effective Nov 15. Our Take 1. Good news for NOL, a FEFC member, spurring optimism that the liner industry has bottomed in 1Q99 and heading for a cyclical recovery. 2. The planned rate hikes, if it comes through, will be positive to its bottom-line. We estimate successful implementation of both hikes will add S$106m to sales and S$18m to net earnings on a full year basis. The bunker surcharge will help to defray the rise in bunker fuel costs, which has doubled since beginning of 1999. 3. The challenge is implementation and has to be on the back of sustained strong trade volumes. So far, indications are that trade on the outbound routes to Europe and US are strong, athough we expect 1Q2000 to be quieter due to inventory pileup ahead of the Y2K scare and as the millinium draws near. 4. Our earnings forecasts remain unchanged, as we prefer to adjust it only upon successful implementation come next year. Maintain BUY, the stock has been in play since US fund INVESCO announced that they have accumulated 5.3% of the stock. |
| (Post 25 of 9222) 10/15/1999.09:08:00 |
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NOL seeking shareholder approval to remove foreign equity limit SINGAPORE (AFX-ASIA) - Neptune Orient Lines Ltd said it will hold an EGM on Nov 10 to seek approval from shareholders to remove the 49 pct foreign equity limit on the company. The company is seeking the removal of the equity limit as foreign shareholders now hold 48.19 pct of NOL as of Oct 13 |
| (Post 26 of 9222) 10/27/1999.05:06:00 |
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NOL to extend stock option scheme to employees SINGAPORE (AFX-ASIA) - Neptune Orient Lines Ltd said it will propose at its EGM on Nov 10 to extend its stock option scheme to employees. The scheme was only available in the past to executives holding the rank of vice president and higher. NOL said it will also ask shareholders to approve during the EGM a proposal to remove the 49 pct foreign shareholding limit in the company and the 50 pct limit on foreign directors in the board. Meanwhile, NOL said its president and chief executive officer Flemming Jacobs has taken over as president of container shipping unit American President Lines (APL), replacing Tim Rhein, who has been appointed APL chairman. The new structure is designed to fully integrate the operations of NOL and APL, which NOL acquired two years ago, it said. |
| (Post 27 of 9222) 11/01/1999.18:18:00 |
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Report from foreign house: NOL global prospects much brighter after getting more foreigners involved Neptune Orient Lines (NOL) wants to remove the 50% cap on foreign directors on its board to allow the national carrier to position itself as a world-class global shipping and logistics operator. This point comes in conjunction with the call for the removal of the limits on foreign shareholding at an EGM scheduled for Nov 99. Comments: The removal of the 49% shareholding limit should expand investor base especially with the involvement of foreign funds into NOL. NOL currently has three foreigners in a nine-member Board of Directors. Given the call to scrap the 50% cap on foreign directors, we may see the presence of foreigners with established shipping experience making an indelible impact on the board of NOL. With all these restructuring, the NOL board with Flemming Jacobs at its helm, is getting ready to take advantage of the improving prospects in the shipping industry especially from a possible freight rate increase. A Wall Street Journal recently reported that a group of container-shipping companies said they will seek rate increases of between 10% and 15% next year on cargo travelling to the United States from Asia. The group, the Transpacific Stabilisation Agreement, represents 14 container-shipping companies that handle goods ranging from clothes to electronics, toys and home furnishings, the paper said. Cargo in the trade, of which the group handles more than 70 percent, has been valued at more than $200 billion a year. The Oakland, California-based Transpacific Stabilisation Agreement represents major shipping lines including A.P. Moller-Maersk Line, Evergreen Marine Corp. and APL, a unit of Neptune Orient Lines Ltd. |
| (Post 28 of 9222) 11/03/1999.09:18:00 |
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NOL seeking to expand logistics business: report SINGAPORE (AFX-ASIA) - Neptune Orient Lines is looking to expand its logistics business while looking to reduce its vulnerability to the container shipping market, the Shipping Times reported. Citing chief executive Flemming Jacobs, it said the company is vulnerable because 80 pct of its business is in container transportation, and that it has to balance it with stronger activities in logistics. |
| (Post 29 of 9222) 12/08/1999.15:51:00 |
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Report from Keppel Securities dated 19 Oct 1999: NOL global prospects much brighter after getting more foreigners involved Neptune Orient Lines (NOL) wants to remove the 50% cap on foreign directors on its board to allow the national carrier to position itself as a world-class global shipping and logistics operator. This point comes in conjunction with the call for the removal of the limits on foreign shareholding at an EGM scheduled for Nov 99. Comments: The removal of the 49% shareholding limit should expand investor base especially with the involvement of foreign funds into NOL. NOL currently has three foreigners in a nine-member Board of Directors. Given the call to scrap the 50% cap on foreign directors, we may see the presence of foreigners with established shipping experience making an indelible impact on the board of NOL. With all these restructuring, the NOL board with Flemming Jacobs at its helm, is getting ready to take advantage of the improving prospects in the shipping industry especially from a possible freight rate increase. A Wall Street Journal recently reported that a group of container-shipping companies said they will seek rate increases of between 10% and 15% next year on cargo travelling to the United States from Asia. The group, the Transpacific Stabilisation Agreement, represents 14 container-shipping companies that handle goods ranging from clothes to electronics, toys and home furnishings, the paper said. Cargo in the trade, of which the group handles more than 70 percent, has been valued at more than $200 billion a year. The Oakland, California-based Transpacific Stabilisation Agreement represents major shipping lines including A.P. Moller-Maersk Line, Evergreen Marine Corp. and APL, a unit of Neptune Orient Lines Ltd. |
| (Post 30 of 9222) 12/09/1999.12:55:00 |
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Any news behind NOL price fall this morning ? |
| (Post 31 of 9222) 12/09/1999.23:14:00 |
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Neptune Orient Lines falls in heavy trade Singapore, Dec 9 -- Shares of Neptune Orient Lines (NOL) fell almost seven percent in heavy trade on Thursday on talk there was some rerating of the stock following changes in the MSCi index. By 0828 GMT, the shipping group was down 15 cents or six percent at S$2.28 after hitting a low of S$2.26 earlier. Volume was a heavy 12.19 million shares. NOL has lost 10 percent of its value since the start of the week where it stood at S$2.54. "The selling has been very heavy since the start of the week. There is also an earnings downgrade by houses like Salomon Smith Barney," a broker with a Singapore firm said. A few houses have been downgrading the stock on concerns over higher bunker charges, but some analysts said it might be too early to state the actual impact on NOL. Sebastian Heng, analyst at DBS Securities, said higher bunker charges were not new and more importantly, they were not a significant part of NOL's cost structure. "There could be some concerns over higher bunker charges. But the other possibility is some reweighting going on among funds following changes to the MSCI index," Elizabeth Cheng, analyst at ABN AMRO said. The Morgan Stanley Capital International index was recently adjusted giving higher weightings to Singapore banks and Singapore Airlines following the merger of their respective foreign and local share tranches. Cheng said funds, which track the index would probably have to make adjustments in their portfolio and this could have been at the expense of other index stocks like NOL. Another compelling reason to sell NOL would be to lock in gains as the stock has outperformed the market. NOL is the top performer on the Singapore bourse this year chalking up a gain of more than 350 percent and one of three companies where the stock has run up in excess of 300 percent. In comparison, the benchmark Straits Times Index was up by a robust, but more modest, 70 percent over the same period. Source: Reuters |
| (Post 32 of 9222) 12/10/1999.09:56:00 |
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Just bought 2 lots at 2.28. Anyone got comments about this share. My thot is that this fall is just a knee jerk reaxn cos they got a good management in place and the price now is quite attractive. |
| (Post 33 of 9222) 12/10/1999.15:01:00 |
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NOL's price has fallen below the MA10 & MA50, this seems to signal a downward trend. If it falls below the MA200, this trend is even clearer. I will prefer to wait for the buy signal in Stochastic Chart (cut above 20%) before buying. Just my limited TA view, any comments from TAs? |
| (Post 34 of 9222) 12/10/1999.15:56:00 |
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FA View, The directors and shareholders were busy selling just last week... Won't go in even if TA says otherwise... unless there is buying in again. ; / Cheers |
| (Post 35 of 9222) 12/10/1999.17:55:00 |
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Was at high of 2.34 before closing at 2.25 due to last trade. |
| (Post 36 of 9222) 12/14/1999.15:31:00 |
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Hi Oldman The stock price falls to low as S$2.15 this afternoon. What will be a good price to buy. I have invested interest in this counter. Please advise. |
| (Post 37 of 9222) 12/14/1999.15:42:00 |
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Tigerprawn, best to leave this question open. I am not following this stock as I have seen it propelled from 40cts to its current level. True that the industry has turned the corner but everything else remains much the same to me. Except of course for an American leader who really has done a stunning job selling NOL to the world investors. |
| (Post 38 of 9222) 12/14/1999.15:59:00 |
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Don't buy yet. |
| (Post 39 of 9222) 12/14/1999.20:33:00 |
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oldman i remember the offer price was S$ 1.90 i sold all my nol shares before it became effective i sold at 2.45 may be anything below 1.90 is worth considering |
| (Post 40 of 9222) 12/18/1999.00:04:00 |
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Looks like selling for NOL has dried up. Share price is finally up over 10 cents. |
| (Post 41 of 9222) 12/20/1999.22:18:00 |
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This SHIPPING report from ING Barings 16-12-1999: It helps explain why NOL is down. Asian Shipping stocks are almost all down over the past six months. Evergreen in Taiwan, NOL in Singapore, NYK in Japan, and related plays like Cosco as well. Why is this happening if the profitability cycle is only kicking in now? Bunker fuel seems to be the most-oft cited culprit – it has more than doubled since the beginning of the year. But bunker fuel is only around 7% of costs for big ships and 10-12% of costs for tramps. Pricing on the Pacific is probably the real reason. It’ s not that rates in the Pacific are down, but companies are passing on savings to big clients because they have extra space on ships. There is a surprising amount of capacity – around 30% more than last year, industry specialists reckon – and therefore a lot of empty slots. Unbeknownst to many of us, seven shipping companies have entered the trade, including some big companies like Zim Israeli, Mediterranean Shipping and Canadian Pacific Shipping. They have all been around for a long time, but were concentrating on other trade. When they saw the Pacific routes had 105% capacity last year to the US, they decided to jump in. NOL/APL, which is biggest on Pacific routes, has positioned new ships there. Evergreen’ s average Pacific capacity has gone from 3,500 TEU to 5,000 TEU. Why have these companies been able to jump back into Asian trade so fast? Simply put, it is now very cheap to make a container ship. The cost per slot has fallen by about 80% in the past decade. This is partially because as ships get bigger, the cost per slot should obviously fall. But there’ s also the fact that Korean companies like Hanjin Heavy, Samsung Heavy and Hyundai Heavy are willing and able to build ships cheap, and they’ re getting the business. In November, Korean shipbuilders received order of 1.15m GT, three times bigger than that in the same month last year. For the first eleven months this year, Korean shipbuilding volume is 8.3m GT, up 24% YoY. The shipbuilding order book for Kor |
| (Post 42 of 9222) 12/24/1999.00:11:00 |
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Is NOL always so volatile ? Kept moving up and down w/o much warning. |
| (Post 43 of 9222) 12/28/1999.15:17:00 |
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Hi, notice some activity going on with this usually "inactive" counter. Any news!!! |
| (Post 44 of 9222) 12/28/1999.17:09:00 |
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Don't know what they are up to ??? Buy and sell on same day and yet making a loss ????? Any comment ??? Notice Of Substantial Shareholder's Interests Name of substantial shareholder: Temasek Holdings (Private) Limited Date of notice to company: Dec 27 1999 Date of change of deemed interest: Dec 23 1999 Name of registered holder: CDP : Keppel Securities Circumstance giving rise to the change: Sales in open market at own discretion No. of shares of the change: (150,000) % of issued share capital: 0.01 Amount of consideration per share excluding brokerage,GST,stamp duties,clearing fee: S$2.13 No. of shares held before change: 391,328,666 % of issued share capital: 33.32 No. of shares held after change: 391,178,666 % of issued share capital: 33.31 [ Based on NOL's paid up capital of 1,174,435,787 as at 21/12/1999. ++++++++++++++++++++ Notice Of Substantial Shareholder's Interests Name of substantial shareholder: Temasek Holdings (Private) Limited Date of notice to company: Dec 27 1999 Date of change of deemed interest: Dec 23 1999 Name of registered holder: CDP : Keppel Securities Circumstance giving rise to the change: Open market purchase No. of shares of the change: 100,000 % of issued share capital: 0.01 Amount of consideration per share excluding brokerage,GST,stamp duties,clearing fee: S$2.14 No. of shares held before change: 391,228,666 % of issued share capital: 33.31 No. of shares held after change: 391,328,666 % of issued share capital: 33.32 [ Based on NOL's paid up capital of 1,174,435,787 as at 21/12/1999. |
| (Post 45 of 9222) 01/11/2000.22:22:00 |
| Author : |
Neptune Orient Lines lower amid profit-taking Neptune Orient Lines Ltd was lower today as profit-taking set in following the counter's strong rebound since Thursday, dealers said. "Nothing fundamental has changed changed. Today's market is quite weak overall. NOL has had quite a sharp run-up in the last two or three trading sessions," said Jesvinder Sandhu, analyst at OCBC Securities. Freight rates, particularly for Asian inbound containers, are picking up in line with the region's economic recovery, reflecting the region's increased appetite for goods from Europe and North America. Amid expectations global economic growth in 2000 should top that seen in 1999, this trend is expected to continue. Sandhu said she has a 12-month price target on the stock of 3.00 sgd. Rachel Miu, analyst at Daiwa Securities, also rates NOL a buy and has a 2. 50 sgd price target on the counter. |
| (Post 46 of 9222) 01/15/2000.20:14:00 |
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Fundamentally good counter. As Oldman pointed out, the real beneficiaries of Internet commerce will be the freighting and shipping companies.  |
| (Post 47 of 9222) 01/21/2000.12:43:00 |
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Neptune Orient -2.3% On S&P Report Shares of Neptune Orient Lines Ltd. (NEPS.SI) are lower Friday after ratings agency Standard & Poor's said the credit quality of Southeast Asian shipping companies had deteriorated in the last two years. In a report released Thursday on the credit profiles of 10 major shipping companies in the region, the agency said most companies are now in the "weak to vulnerable" range, compared with "fair to weak" previously. The agency rated Neptune Orient as "weak". |
| (Post 48 of 9222) 01/22/2000.01:10:00 |
| Author : |
The recent announcement on intention to shifting the regional container base to Tanjung Pelepas (PTP), a new container terminal minutes away from the second causeway in Johor, must be seen as a signal for more bad times to come. I was told that PTP charges only 1/5 of the cost for a container landing in PSA. In addition, the recent surge in oil price is eroding away pretty rapidly the 'profit' the company may have made in the last few quarters or so. I would give this counter a miss but instead would go for Osprey which I feel has more potential with its current low price. |
| (Post 49 of 9222) 01/28/2000.15:07:00 |
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What happened to NOL today ? Sold down to 1.9+ ? |
| (Post 50 of 9222) 01/28/2000.15:35:00 |
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Face off for sometime now. Buy 1.95 Sell 1.96 |
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