atans1

HoHoHo: Scholar screws up?

In Temasek on 08/12/2015 at 11:26 am

Re the purchase of NOL at a hefty premium to undisturbed share price and close to book value by French family

the timing could prove smart. This looks a lot like the trough in the cycle: shipping rates, industry sentiment, and valuations have all crashed. That’s exactly when families like the Saades, which can take a longer-term perspective than public companies, should be pouncing. Though they are a family of shippers rather than truckers, they are still in it for the long haul.

http://blogs.reuters.com/breakingviews/2015/12/08/container-shipping-deal-stacks-up-in-multiple-ways/

Btw, one of those who forgot to sell my two lots of NOL at $5. But still above my cost.

S/o of JBJ ng kum guan he not aristocracy despite dad sending him posh ang moh private school http://sonofadud.com/2015/12/07/nol-another-case-of-value-destruction-by-our-natural-aristocracy/

 

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