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I sold all my holdings in Olam as I don't want to knock my head against a rock twice! The last time I held on to my China Mingzhong shares (which I bought at $1.12) when IndoAgri made the offer for $1.12, I lived to regret because the share price never went up to that level again. The lesson for me is - small fry like me must know our place in the ocean of the stock market or we'll get eaten alive by the big sharks. All the best to those who hold on to their Olam shares!
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Very interesting! Perhaps Temasek had no choice but to throw in good money after bad in order to save their earlier investment into Olam. I must say that their move on Olam looks rather odd for a sovereign wealth fund.
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I went to read a bit about studies made on how climate change affects production yields on agriculture crops, the future of human race doesn't look good. If farming is a dying trade then environments with higher CO2(carbon dioxide) levels will be a double whammy higher CO2 generally results in poorer yields and poorer quality of most crops including rice and wheat.
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Today's Straits Times Money Section
" Olam's Q3 profit more than trebles to $396m".............'Good' buy ^^^^
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Olam price jumped again. Any news leaked again. If no one get punished, will keep happening.
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If there is any weird price movements at the pre-close trading, it is likely to attribute to MSCI rebalancing.
No need for unnecessary speculation.
GG
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OLAM INTERNATIONAL AND MITSUBISHI CORPORATION FORM PARTNERSHIP TO
GROW AUSTRALIAN GRAINS BUSINESS
Singapore, June 23, 2014 – Olam International Limited (“Olam” or “the Company”) today
announced a partnership with Mitsubishi Corporation of Japan (“MC”) in which MC will invest
US$64.0 million for an 80.0% equity interest in wholly owned subsidiary, Olam Grains
Australia (“OGA”). The partnership will leverage growth opportunities in the Australian Grains
business.
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