hi guys, just like to check, for those invested in Olam6.75%b180129 US$, have you received the proceeds from the redemption?
making lots of profit from 2009 till now, but never generate free cash flow, so when will the profit convert to cash
or maybe the profit will never generate to cash, that is why the income have been dropping so much recently, to signal the profit will not materialize?
(14-08-2015, 02:11 PM)butcher Wrote: [ -> ]http://www.channelnewsasia.com/news/sing...49492.html
Good results by Olam.
By the way, I thought Olam was going to be privatised? How come still listed?
Temasek offered to be major shareholder but has no real intention of delisting it.
Olam will probably see much better days but when, I don't know. Hope to sell it off during the next commodity supercycle.
(vested, sleeping counter)
Sent from my D5503 using Tapatalk
OIC. Thanks bloke.
then will look into the prospect of investing in it.
What's happening for Olam?
Olam goes on trading halt after surging 13.4%
SINGAPORE (Aug 27): Olam International has called for a trading halt after the stock surges 13.4% to $1.91.
The company requested a trading halt nearly an hour into trading Thursday morning, saying it will release an announcement.
...
http://www.theedgemarkets.com/sg/article...urging-134
The likely reason for the price hike and trading halt...
Singapore agri-trader Olam to unveil partnership with Japanese peer: sources
27 Aug 2015 17:30
[SINGAPORE] Agri-trader Olam International, majority owned by Singapore state investor Temasek, is set to announce a strategic partnership with a Japanese peer, people familiar with the matter said on Thursday after Olam halted trading of its stock.
Singapore-based Olam has held talks with Mitsubishi Corp and Mitsui & Co to form a joint venture and use the Japanese firms' global reach, said the people, who declined to be identified as discussions were private. The talks included one of the Japanese firms investing in Olam, they said.
Olam and Temasek Holdings declined to comment. Mitsubishi and Mitsui declined to provide immediate comment.
...
Source: Business Times Breaking News
A preliminary info on the deal...
Mitsubishi Corp to buy at least 10% in Olam from Temasek: sources
SINGAPORE (Aug 27): Japanese trading house Mitsubishi Corp will buy at least a 10% stake in agri-trader Olam International Ltd from Singapore state investor Temasek in a deal worth at least US$500 million ($702 million), people familiar with the matter said.
...
http://www.theedgemarkets.com/sg/article...ek-sources