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."
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
(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 ...
(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 .
When Nol start selling themselves,the end of the downturn in shipping circle might be near
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
(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
GG
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".