Wingchun
commented on a stock · Jul 30, 2021 18:03
$Olam Intl (O32.SG)$On 20/3, there was a rights issue where ...
$Olam Intl (O32.SG)$On 20/3, there was a rights issue where the major shareholder Mitsubishi did not participate in purchasing additional newly issued stocks ($1.25). It is not good news for friends who did not participate in buying the new stocks, as the original stocks also have not been sold. It is necessary to accept the price around 1.30 and expect long-term fluctuations.
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黎明那道光会驱散黑暗 : Yep very bad news indeed. Just how lack of confidence is that for a majority shareholder not to exercise at 1.25?
BH12 : technical bottom reached at 1.25. looks like the beginning of turnaround. US infrastructure bill could support commodities and lend strength to the stock.
added at 1.32
春播_秋收 : The largest shareholder is Temasek Holdings