Olam

Re: Olam

Postby behappyalways » Fri Mar 28, 2014 12:25 pm

Open Letter to SIC on Olam Takeover Bid by Temasek
http://www.tremeritus.com/2014/03/27/op ... y-temasek/
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Re: Olam

Postby behappyalways » Thu May 15, 2014 9:39 pm

Without the exceptional items, the profit for 3Q will be lower than previous 3Q. But one interesting to take note is their cash flow. Negative operating cashflow of $670m yet $3,750m short term debts.......Guess what would happen if there was no offer......

wasting our cpf.....


3Q2014
http://infopub.sgx.com/FileOpen/15May20 ... eID=297206
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Re: Olam

Postby behappyalways » Fri May 16, 2014 10:24 am

Taking out the exceptional earnings, the earnings for 3Q in this quarter is probably lower than last corresponding quarter. Let's give it $100m for example. With interest expense of $143m, and if there was no takeover and with $3.75b short term debts coming due, the bankers probably will demand higher interest IF they allow the short term debts to roll over. The big IF. That would probably increase the interest expense and lower the net profit...... Without the takeover, OLAM probably heading for a crash.



behappyalways wrote:Without the exceptional items, the profit for 3Q will be lower than previous 3Q. But one interesting to take note is their cash flow. Negative operating cashflow of $670m yet $3,750m short term debts.......Guess what would happen if there was no offer......

wasting our cpf.....


3Q2014
http://infopub.sgx.com/FileOpen/15May20 ... eID=297206
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Re: Olam

Postby iam802 » Fri May 16, 2014 11:23 am

Didn't know that TH is in the business to rescue debt-laden companies.
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Re: Olam

Postby behappyalways » Fri May 16, 2014 11:29 am

If you read today's Straits Times, the Money section has a headline " Olam's Q3 profit more than trebles to $396m".........fool who?????


iam802 wrote:Didn't know that TH is in the business to rescue debt-laden companies.
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Re: Olam

Postby behappyalways » Fri Aug 28, 2015 4:26 pm

Olam sells 20% stake to Mitsubishi Corp. for $1.53 bil
http://sgx.i3investor.com/servlets/fdnews/53525.jsp
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Re: Olam

Postby behappyalways » Fri Sep 04, 2015 11:32 am

Find out why Olam's Mitsubishi deal is as good as it gets
http://sbr.com.sg/agribusiness/news/fin ... od-it-gets
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Re: Olam

Postby behappyalways » Tue Nov 03, 2015 9:03 am

Temasek Drags Olam From Muddy Waters to Winning $1 Billion Loan
http://www.bloomberg.com/news/articles/ ... llion-loan
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Re: Olam

Postby behappyalways » Thu Mar 17, 2016 9:05 am

Olam Bets on Africa Reward as On-The-Go Food Demand to Climb
http://www.bloomberg.com/news/articles/ ... d-to-climb
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Re: Olam

Postby winston » Fri Sep 16, 2016 9:18 am

not vested

Commodity trader Olam hunts bolder deals after US$2 bil spree

The company’s leverage after issuing perpetual bonds in July is at 1.62 times net debt-to-equity on a pro-forma basis. That’s below its soft target of about 2 times.

With net debt of $9.8 billion as of June 30, that would leave the company with a theoretical debt headroom that could be used for everything from dividend payments to capital expenditure, as well as acquisitions.


The company came under attack from Muddy Waters LLC in 2012 over doubts about its finances.

Temasek Holdings, the state-owned Singaporean investment fund, took a controlling stake in March 2014 to fend off the short-seller.

The US-based firm, led by Carson Block, queried Olam’s ability to generate cash and the quality of African operations, causing its stock to plummet.



Source: Bloomberg

http://smr.theedgemarkets.com/article/c ... e-87358173
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