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24-02-2012, 10:04 AM
(This post was last modified: 24-02-2012, 10:36 AM by Temperament.)
Yes, the last re-nounceable cash call i think was in 2009. i sold the nil-paid-rights. i also enjoy one dividend of 4 cents prior to that. Vested 5 lots. i missed selling at the last peak(greedy O. K. Happy?) Pardon me if i am wrong about my facts; i am just too lazy too bother about checking my past records. i just writing based on my memory.
i may buy more NOL this time around if there is an opportunity. This reminds me patience is very important to have in the stock market. Example i only bought one lot of SGX@5.9 and bought 80 lots of nil-paid-rights of LMIR and subscribed, so far for this year.(Pardon me if i am wrong when i bought LMIR as i am too lazy to check my record. Sorry, i just check, i am holding LMIR on 5/12/2011 till now. Ha! Ha! i am actually very lazy.) Especially LMIR i have been eyeing to buy for a long time.
If i only knew then, i would have bought 5 lots of SGX. i was thinking at that time, Mr. Market was heading down South. i was preparing to average down for this "high-price" one. Instead Mr. Market suddenly is heading up North. Cheers! Who's complaining now? Not me either.
Shalom!
WB:-
1) Rule # 1, do not lose money.
2) Rule # 2, refer to # 1.
3) Not until you can manage your emotions, you can manage your money.
Truism of Investments.
A) Buying a security is buying RISK not Return
B) You can control RISK (to a certain level, hopefully only.) But definitely not the outcome of the Return.
NB:-
My signature is meant for psychoing myself. No offence to anyone. i am trying not to lose money unnecessary anymore.
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24-02-2012, 10:56 AM
(This post was last modified: 24-02-2012, 11:05 AM by propertyinvestor.)
(23-02-2012, 09:51 PM)pianist Wrote: recently i went to the alexandra place near nol to eat and noted there were many foreign executives wearing nol staff passes..
Yes, they pay all the Fillipinos, Malaysians and Chinaman well! Really F up company.
(24-02-2012, 10:04 AM)Temperament Wrote: Yes, the last re-nounceable cash call i think was in 2009. i sold the nil-paid-rights. i also enjoy one dividend of 4 cents prior to that. Vested 5 lots. i missed selling at the last peak(greedy O. K. Happy?) Pardon me if i am wrong about my facts; i am just too lazy too bother about checking my past records. i just writing based on my memory.
i may buy more NOL this time around if there is an opportunity. This reminds me patience is very important to have in the stock market. Example i only bought one lot of SGX@5.9 and bought 80 lots of nil-paid-rights of LMIR and subscribed, so far for this year.(Pardon me if i am wrong when i bought LMIR as i am too lazy to check my record. Sorry, i just check, i am holding LMIR on 5/12/2011 till now. Ha! Ha! i am actually very lazy.) Especially LMIR i have been eyeing to buy for a long time.
If i only knew then, i would have bought 5 lots of SGX. i was thinking at that time, Mr. Market was heading down South. i was preparing to average down for this "high-price" one. Instead Mr. Market suddenly is heading up North. Cheers! Who's complaining now? Not me either.
Shalom!
You should not buy this kind of rubbish GLC, stick to Keppel Corp. Even Wing Tai Boss resigned as their chairman!
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Yes, it's always something that nobody wants (rejects, outsiders, nincompoops, cyclicals, etc.. ) ; if you dare to take a chance on them and if you are right.......well......
WB:-
1) Rule # 1, do not lose money.
2) Rule # 2, refer to # 1.
3) Not until you can manage your emotions, you can manage your money.
Truism of Investments.
A) Buying a security is buying RISK not Return
B) You can control RISK (to a certain level, hopefully only.) But definitely not the outcome of the Return.
NB:-
My signature is meant for psychoing myself. No offence to anyone. i am trying not to lose money unnecessary anymore.
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24-02-2012, 01:56 PM
(This post was last modified: 24-02-2012, 01:59 PM by corydorus.)
Just curious on this industry. I keep reading people states NOL is a cyclic stock. Is there a truly definition for it ?
I look at the chart price, i can't figure out a pattern of it price behaviours that deviates significants from many other stocks.
I would expect waves (like sine, cosine, hybrid of it haha ) of 10 times ... but it just 1 or 2 ... it can be just nature of any industry when hit with capacity, economy etc.
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Business Times - 24 Feb 2012
NOL sinks 8 cents to $1.345 after posting huge losses
Shipping giant's deficits worse than expected
By LYNN KAN
MORIBUND full-year results brought Neptune Orient Lines down to earth with its share price plummeting eight cents to $1.345 by the end of yesterday's trading session.
The shipping and logistics giant not only reversed into the red for the 2011 full year but also posted worse than expected losses.
'The magnitude of NOL's net loss in Q4 2011 will take the street (sic) by complete surprise,' said OCBC analyst Eric Teo. 'NOL's net loss in Q411 was even higher than any single quarter during the sub-prime crisis back in 2008/09.'
For the fourth quarter and full-year, NOL's net losses were US$320 million and US$478 million respectively. This compares to profits in Q42010 and FY2010 of US$177 million and US$461 million respectively.
Analysts and investors had largely expected NOL to report losses for the year, as the industry as a whole had experienced collapsed freight rates in 2011 and a sharp spike in bunker costs.
NOL's losses led its new chief Ng Yat Chung to announce a plan to cut US$500 million in costs.
Mr Ng and Kenneth Glenn, president of APL, NOL's container shipping arm, said about 20-30 per cent of the reduction would come from energy consumption savings.
For some like Rahul Kapoor, analyst at investment bank RS Platou, NOL's cost-cutting programme signalled that its dismal performance stemmed from company specific issues, namely its high fixed unit costs because of its less efficient, smaller vessels and higher reliance on a chartered fleet.
'As NOL expands its owned fleet in the next two years with introduction of newer tonnage and return expensive chartered in tonnage, we expect to see a marked reduction in NOL's cost base which should support higher margins and also see higher volume growth aiding profitability,' he said.
Erik Bergoo, analyst at DNB, said from here on NOL has to address its bunker costs.
'Rates need to go up from current levels,' he said. 'The company needs to address the increased bunker costs by charging higher rates.'
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Neptune Orient Lines (NOL) announced it has mandated four banks as
joint lead managers in its issuance of S$-denominated perpetual
capital securities.
here we go again.... 
1) Try NOT to LOSE money!
2) Do NOT SELL in BEAR, BUY-BUY-BUY! invest in managements/companies that does the same!
3) CASH in hand is KING in BEAR!
4) In BULL, SELL-SELL-SELL!
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If the perpetual capital securities is CPS, i wonder how NOL is going to keep on paying the annual dividends for CPS holders. NOL can lose money 2 or3 years in a row. Then suddenly booms in 4th & 5th year. Can the 4th & 5th years booming surplus pay all the culmulative dividends UTD? If it is a NCPS i doubt the market will be ready to oblige. It getting interesting owning NOL's shares 
Vested-5 lots 
WB:-
1) Rule # 1, do not lose money.
2) Rule # 2, refer to # 1.
3) Not until you can manage your emotions, you can manage your money.
Truism of Investments.
A) Buying a security is buying RISK not Return
B) You can control RISK (to a certain level, hopefully only.) But definitely not the outcome of the Return.
NB:-
My signature is meant for psychoing myself. No offence to anyone. i am trying not to lose money unnecessary anymore.
Posts: 3,474
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Joined: Jul 2011
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17
31-03-2012, 02:42 PM
(This post was last modified: 31-03-2012, 03:14 PM by Temperament.)
NOL has postponed the issue of perpetual capital securities saying due to "unfavarouble market conditions or rather favorable market feedback". Ha! Ha! The collective wisdom of MR. MARKET is working after all. IMHO.
MISCELLANEOUS :: PROPOSED ISSUANCE OF the SINGAPORE DOLLAR-DENOMINATED PERPETUAL CAPITAL SECURITIES
Actually i am "losing out" but i always favour and respect Mr market's wisdom.
Vested 5 lots.
WB:-
1) Rule # 1, do not lose money.
2) Rule # 2, refer to # 1.
3) Not until you can manage your emotions, you can manage your money.
Truism of Investments.
A) Buying a security is buying RISK not Return
B) You can control RISK (to a certain level, hopefully only.) But definitely not the outcome of the Return.
NB:-
My signature is meant for psychoing myself. No offence to anyone. i am trying not to lose money unnecessary anymore.
Posts: 4,958
Threads: 1,349
Joined: Sep 2010
Reputation:
36
Business Times - 31 Mar 2012
NOL postpones proposed S$ issue
(Singapore)
NEPTUNE Orient Lines (NOL) yesterday called off its proposed issue of Singapore dollar-denominated perpetual capital securities.
'In view of the current market conditions in Asia, the company has decided to postpone the proposed issue of the securities to a time when the market conditions are more favourable for a benchmark issue,' the shipping group said in a statement without elaborating. The company 'would like to thank the investor community for their time and favourable feedback on the company's credit'.
NOL had planned to go on the road to market the perpetual securities. It said on Tuesday that it had appointed four banks - DBS Bank, HSBC Bank, OCBC Bank and Standard Chartered Bank - to be lead managers.
Analysts had said the proposed issuance would help improve the shipping and logistics company's indebtedness. NOL also said that the proceeds from the issuance may go towards expanding its logistics business, which pulled off its sixth consecutive year of profits after a disastrous loss for its liner business in FY2011.
Credit Suisse estimated earlier that NOL was planning to raise not less than US$200 million (S$251 million) with the coupon rate upwards of 5 per cent.
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(01-04-2012, 01:13 AM)Musicwhiz Wrote: Business Times - 31 Mar 2012
NOL postpones proposed S$ issue
(Singapore)
NEPTUNE Orient Lines (NOL) yesterday called off its proposed issue of Singapore dollar-denominated perpetual capital securities.
'In view of the current market conditions in Asia, the company has decided to postpone the proposed issue of the securities to a time when the market conditions are more favourable for a benchmark issue,' the shipping group said in a statement without elaborating. The company 'would like to thank the investor community for their time and favourable feedback on the company's credit'.
NOL had planned to go on the road to market the perpetual securities. It said on Tuesday that it had appointed four banks - DBS Bank, HSBC Bank, OCBC Bank and Standard Chartered Bank - to be lead managers.
Analysts had said the proposed issuance would help improve the shipping and logistics company's indebtedness. NOL also said that the proceeds from the issuance may go towards expanding its logistics business, which pulled off its sixth consecutive year of profits after a disastrous loss for its liner business in FY2011.
Credit Suisse estimated earlier that NOL was planning to raise not less than US$200 million (S$251 million) with the coupon rate upwards of 5 per cent.
Nice try to cash in on mkt sentiment but the yield at low 5% was just too miserable given that Genting Perpetuals are now hovering around issuing levels of 5.125% even though it is a $ printing machine while NOL is a never ending roller coaster ride with only Temasek shoulder to lean on. If NOL priced it at Olam's recent 7% levels, perhaps there will be better receptions.
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