Wolf Money(Olam Group)

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(Image credit: Olam)


The below article is for educational purpose only. Kindly refrain from taking any action. It shouldn’t constitute as an investment advice. Please read the disclaimer.

I took a small position in Olam. The financial situation had eased up after the sale of Olam Agri to SALIC. The company completed the sale of an additional 44.58% to the Saudi buyer, in process taking in USD $1.88b. A put and call option would also allow Olam Group to sell and SALIC to buy an additional 19.9% for USD $799.6m, three years after the closing of the latest sales. A few weeks ago, on a separate announcement, Olam sold Mindspint for USD $375m. Both deals will bring more than USD $2b for the company. The proceeds will go towards debt reductions and dividend payments . The received amount reduces interest cost by more than USD $200m annually. The stock is trading at a 40% discount to nav. I am going small on my purchase due to their history of underperformance. God bless. 🙏

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All investments is highly speculative in nature and involves substantial risk of loss. We encourage our reader to invest very carefully. We also encourage reader to get personal advice from your professional investment advisor and to make independent investigations before acting on information that we publish. Much of our information is derived directly from information published by companies or submitted to governmental agencies on which we believe are reliable but are without our independent verification. Therefore, we cannot assure you that the information is accurate or complete. We do not in any way whatsoever warrant or guarantee the success of any action you take in reliance on our statements. All information provided are for education only. Buyer beware,do you own due diligence.

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