Will NOL have very good price upside if hold for long-term?

enter
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10 years 2 months ago - 10 years 2 months ago #19238 by enter

Replied by enter on topic Will NOL have very good price upside if hold for long-term?

So if hold this NOL for up to 4-5 years, is it likely to rise back to at least above $1.30??

Will NOL share price crash very badly like Chartered Semiconductor Manufacturing's share price(CSM is a former blue chip that later crash to below 30 cts)

A little description of my situation.

I'm currently vested 10 lots of NOL which I bought these 10 lots at $1.10 last time.

Should i cut loss this 10 lots at current 97 cts?

Or current price of 97 cts is too low and should just hold on and don't cut loss?

I'm not in urgent need of the money locked up in this 10 lots of NOL becos currently I still have remaining $65,000 cash in my bank account.

I trade purely online so I have no broker to ask for opinion.

Of course I'll still make my own final decision to cut loss or hold on but I want to hear the views of other forummers

Last edit: 10 years 2 months ago by enter.

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enter
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10 years 2 months ago - 10 years 2 months ago #19239 by enter

Replied by enter on topic Will NOL have very good price upside if hold for long-term?

greenrookie wrote: NOL has weak balance sheet and poor operating records. The fact that they need to sell their HQ and lease back speak volume of their execution capabilities when major liners are still raking in profits, although smaller.

If you think the sector is turning around soon, yes, definitely it is a good cyclical play for the longer term, as shipping is a strategic business, and it is highly unlikely that Temseask will leave it to die...

But if you are buying, make sure you have enough ammo to accumulate if it fall further, we do not know when the shipping cycle will bottom.

The might be rights issues, placement etc..

Also remember to get off the ship when the market turn, it is not something you can go sleep with

(not vested, I rather buy YZJ for exposure to shipping sector, although there will be a time lag in recovery, since it is in shippbuilding sector)

you are crazy.

why suddenly you say "..........can go sleep with" ?

Where got people sleep with the sgx share purchase statement?

I have 15 lots of YZJ bought in 2010. Hehe

Last edit: 10 years 2 months ago by enter.

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chinsoonyuen
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10 years 2 months ago #19245 by chinsoonyuen

Replied by chinsoonyuen on topic Will NOL have very good price upside if hold for long-term?

Loss making NOL skirts close to SGX watch-list

Singapore’s top shipping line, Neptune Orient Lines (NOL), suffered the ignominy yesterday of announcing it has come close to being placed on a watch-list by the Singapore Exchange (SGX) as it has recorded pre-tax losses for three consecutive financial years. Only NOL's market capitilisation is keeping it off the embarrassing list, according to SGX rulings.

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enter
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10 years 2 months ago - 10 years 2 months ago #19251 by enter

Replied by enter on topic Will NOL have very good price upside if hold for long-term?

enter wrote: One big question is the economic and shipping industry condition and outlook during the global market crash of late 2008 to march 2009 better than currently 2014??

Becos the strange part is why is NOL's share price higher during that global stock market doomsday period during Oct 2008 till march 2009 period compared to currently.

During that Oct 2008 till March 2009 STI 1400s days, NOL only very briefly fell a few cents below $1 and very swiftly rose back to above $1.10 when STI was still 1400-1500.

To recap, during the week of 16/3/2009 when STI and all other blue chips was having their darkest days, STI was 1400-1500, NOL plunged to lowest 95.5 cts in 16/3/2009 but in a short 2 weeks later NOL rebounded very strongly to $1.36 by 30/3/2009.

Hence why was NOL so strong during that March 2009 global stock market doomsday crash period?

Is NOL's current condition and outlook even much worse than that global stock marker crash period of Feb-March 2009?

Last edit: 10 years 2 months ago by enter.

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chinsoonyuen
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10 years 2 months ago #19252 by chinsoonyuen

Replied by chinsoonyuen on topic Will NOL have very good price upside if hold for long-term?

quite obvious, now already 3rd year of losses. 2009 still profitable.

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enter
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10 years 2 months ago - 10 years 2 months ago #19254 by enter

Replied by enter on topic Will NOL have very good price upside if hold for long-term?

chinsoonyuen wrote: quite obvious, now already 3rd year of losses. 2009 still profitable.

you wrong lah.

Becos stock market is forward looking. That time 2009 global stock market crash period, I saw many netizens posting online in 2009 that the market is expecting NOL to start reporting losses from the following year onwards but instead NOL continue surging in the next year instead.

And for the past few months everyone is expecting NOL to still report losses in it's 20th feb report that's why when STI was rising to above 3100, NOL is still range-bound between $1 to $1.125 , hence this 3rd year of losses is already factored into NOL's share price before 20th Feb.

I think got big boys want to collect NOL at their desired prices and after they collect enough, NOL will surge very fast same as yanlord in 2011 Oct.

That yanlord is another example.

By late 2010 everyone already know China is cooling china's property market but yanlord never crash and purposely wait till the final phase in 3rd quarter of 2011 when China is about to announce the pause and reversal of property cooling measures in early 2012, yanlord suddenly swiftly crash very badly to 69 cts and then in equally swift time Yanlord rebounded very strongly from 69 cts to above $1 by dec 2011. The big boys collected enough and then they push back yanlord to rise more than 30 cts to above $1 within 1 short month.

Last edit: 10 years 2 months ago by enter.

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