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Posts Tagged ‘Carson Block’

Olam Raises Debt At a High Price Despite Saying They Do Not Need Near Term Financing

12.12.2012 · Posted in Dividend Stocks, Singapore

The recent announcement by Olam that they will be raising debt with warrants of US$1.25 bil is nothing short of shocking. This comes right after the CEO Sunny Verghese saying that they did not need to go back to bond markets for another 6 months or so. The fact that they suddenly turned around makes ...

Olam plunges in price after famous shortist Carson Block questions their accounts

11.21.2012 · Posted in Dividend Stocks, Singapore

This is something which is too interesting not to post about. World renowned shortist Carson Block has made public statements doubting Olam’s accounting methods. The words are indeed very harsh, ranging from comments like “Olam will fail” and recovering for investors will be negligible”. He seems to think that the company will not have anything ...

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