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NOL's Q2 2015 financial result.
link:
http://infopub.sgx.com/FileOpen/NOL%202Q...eID=362421
"Global economic prospects and freight rate increases remain uncertain. Freight rates will continue to face downward pressure due to persistent overcapacity and weak trade growth. The Group will continue its focus on managing costs, increasing yields and adjusting its liner network capacity to improve profitability."
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Latest update on NOL...
CMA CGM, Maersk in talks to buy Singapore’s Neptune Orient Lines
SINGAPORE (Nov 7): Neptune Orient Lines ( Valuation: 0.90, Fundamental: 0.75) said it’s in separate talks with France’s CMA CGM SA and Denmark’s A.P. Moeller-Maersk A/S on a potential sale of the Singapore container shipping company.
“NOL has a duty to assess all options to maximise shareholder value and improve its competitiveness,” the company said in a statement to the Singapore stock exchange Saturday, adding that the discussions are preliminary and there’s no assurance that a definitive agreement will be reached.
CMA CGM has made a preliminary offer for Neptune Orient, which has a market value of $2.7 billion, people with the knowledge said earlier, asking not to be identified as the information is private. Marseille-based CMA CGM is now conducting due diligence, though it hasn’t been granted exclusivity, according to one of the people. Maersk is also in talks about an acquisition of Neptune Orient, though the discussions are less advanced, the people said.
...
http://www.theedgemarkets.com/sg/article...ient-lines
“夏则资皮，冬则资纱，旱则资船，水则资车” - 范蠡
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(07-11-2015, 09:32 PM)CityFarmer Wrote: Latest update on NOL...
CMA CGM, Maersk in talks to buy Singapore’s Neptune Orient Lines
SINGAPORE (Nov 7): Neptune Orient Lines ( Valuation: 0.90, Fundamental: 0.75) said it’s in separate talks with France’s CMA CGM SA and Denmark’s A.P. Moeller-Maersk A/S on a potential sale of the Singapore container shipping company.
“NOL has a duty to assess all options to maximise shareholder value and improve its competitiveness,” the company said in a statement to the Singapore stock exchange Saturday, adding that the discussions are preliminary and there’s no assurance that a definitive agreement will be reached.
CMA CGM has made a preliminary offer for Neptune Orient, which has a market value of $2.7 billion, people with the knowledge said earlier, asking not to be identified as the information is private. Marseille-based CMA CGM is now conducting due diligence, though it hasn’t been granted exclusivity, according to one of the people. Maersk is also in talks about an acquisition of Neptune Orient, though the discussions are less advanced, the people said.
...
http://www.theedgemarkets.com/sg/article...ient-lines
Now these predators probably see blood and I have little doubts that they are capable of doing it better than existing team at NOL... simply because they are global leaders ...
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08-11-2015, 10:02 PM
(This post was last modified: 09-11-2015, 09:11 AM by CityFarmer.)
(07-11-2015, 09:36 PM)greengiraffe Wrote: (07-11-2015, 09:32 PM)CityFarmer Wrote: Latest update on NOL...
CMA CGM, Maersk in talks to buy Singapore’s Neptune Orient Lines
SINGAPORE (Nov 7): Neptune Orient Lines ( Valuation: 0.90, Fundamental: 0.75) said it’s in separate talks with France’s CMA CGM SA and Denmark’s A.P. Moeller-Maersk A/S on a potential sale of the Singapore container shipping company.
“NOL has a duty to assess all options to maximise shareholder value and improve its competitiveness,” the company said in a statement to the Singapore stock exchange Saturday, adding that the discussions are preliminary and there’s no assurance that a definitive agreement will be reached.
CMA CGM has made a preliminary offer for Neptune Orient, which has a market value of $2.7 billion, people with the knowledge said earlier, asking not to be identified as the information is private. Marseille-based CMA CGM is now conducting due diligence, though it hasn’t been granted exclusivity, according to one of the people. Maersk is also in talks about an acquisition of Neptune Orient, though the discussions are less advanced, the people said.
...
http://www.theedgemarkets.com/sg/article...ient-lines
Now these predators probably see blood and I have little doubts that they are capable of doing it better than existing team at NOL... simply because they are global leaders ... Another buy high sell low by TMSK , nothing new .
“risk comes from not knowing what you’re doing.”
I don’t look to jump over 7-foot bars: I look around for 1-foot bars that I can step over.
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Jelek I seriously lao liao.... It has been 11 yrs since Temasek lifted its stake in NOL via a takeover at S$2.80 in 2004...
Even then I suspect Temasek remains deeply in the red...
September 29, 2004 1:53 pm
Temasek lifts NOL stake as takeover bid expires
By John Burton in Singapore
Temasek Holdings said it had acquired 68.6 per cent of Neptune Orient Lines after an offer to acquire full ownership of the affiliated shipping group expired on Wednesday.
The Singapore state investment agency last month launched its largest ever takeover bid by offering $1.6bn for NOL, in which it already held a 30 per cent stake.
The agency has not revealed why it wanted to increase its control of NOL, but analysts have suggested it might be related to a move to acquire another shipping company or pave the way for a merger with PSA, the Temasek-owned Singapore port operator.
Although Temasek fell short of its goal of gaining full control of NOL, analysts believe that the agency will continue to mop up NOL shares in the open market as the share price falls below the bid price of S$2.80 a share. NOL closed at S$2.76 a share on Wednesday.
Investor interest in NOL is expected to wane as Temasek?s large stake has greatly reduced NOL?s free float.
Possible resistance to a Temasek takeover by outside investors has also weakened.
Paulson, a US fund, cut its stake in NOL to below 5 per cent this week after recently raising its stake to more than 9 per cent in an apparent effort to block Temasek.
Meanwhile, John Fredriksen, a Norwegian shipping tycoon, also has sold his entire stake in NOL after threatening to reject Temasek?s offer, industry officials have told the Financial Times.
Although NOL may pursue more acquisitions to expand its international operations, it is unlikely to buy another shipping company soon since share prices for the industry are high.
Full control would give Temasek access to NOL?s healthy cash flow, helping finance new acquisitions when the global shipping industry is consolidating.
Analysts believe that Temasek might also be seeking to use NOL to strengthen Singapore?s role as a regional transport hub by merging it with PSA.
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When Nol start selling themselves,the end of the downturn in shipping circle might be near
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Similarly, Singapore will want to ensure that the island's container port, operated by Temasek-owned PSA International, doesn't get bypassed by Neptune's new owner.
Temasek Needs Skin in Shipping If Neptune Is Sold
http://www.bloombergview.com/articles/20...ne-is-sold
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(10-11-2015, 11:17 AM)Behappyalways Wrote: Similarly, Singapore will want to ensure that the island's container port, operated by Temasek-owned PSA International, doesn't get bypassed by Neptune's new owner.
Temasek Needs Skin in Shipping If Neptune Is Sold
http://www.bloombergview.com/articles/20...ne-is-sold
If Temasek settles for a minor stake in a more viable global entity, it will be a fresh change in strategy but I personally think that its better than cut losses now and but more expensive when the waters become clearer in the future...
We shall see.
Odd Lots Vested
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updates on NOL!!
Nov 11, 2015 - http://sdb.theedgemarkets.com/2015/SMR/S...idpje5.pdf
Container shipping group Neptune Orient Lines has confirmed that it is a takeover target of two separate companies: French shipping company CMA CGM and Danish conglomerate AP Moeller-Maersk.
In an announcement on Nov 7, NOL admitted that it was in early talks with the two groups "with respect to a potential acquisitions of NOL".
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