Latest Forum Topics / Oceanus Last:0.007 +0.001 | Post Reply |
OCEANUS (No.1 in abalone farming): Venturing into
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Ptmptm
Member |
11-Aug-2013 23:54
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Bro,
Don't tell me you vested???
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warrenbegger
Elite |
11-Aug-2013 23:52
Yells: "Anyhow Buy Anyhow Die ^_^" |
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I had said and warn many time  liao, U can trade S-chip for short term, but don't ever invest S-chip for long term. Oversea management hard to track, and if run road also very hard to catch. If want to invest, it safer to invest in local management company. I think they going to check account liao, those holding no point keep thinking  too much. Wish nothing big happen to company fundamental and wish u all safe :) |
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h0ly0wl
Senior |
11-Aug-2013 23:46
Yells: "Huat Big Big!" |
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once a junk always a junk. s chips pui! | ||||
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Blanchard
Senior |
11-Aug-2013 23:44
Yells: "Winners cry..... Losers smile....." |
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Just to recall... in Nov 2011 the company responded to SGX queries..... .....the Company has been primarily feeding the abalones with high quality seaweed which is very expensive during the period from May to November. In 2011, the number of abalones has increased, resulting in the exponential increment in its abalone feed cost. Accordingly, to reduce such cost and to increase profit for the Company, the production team decided to significantly reduce the usage of high quality but expensive seaweed and opt for cheaper but lower quality seaweed to feed the abalones. With the lower nutrient in the cheaper quality seaweed and the high water temperature during the summer season, immunity of the abalones was reduced significantly, thus resulting in high mortality rate of the abalones..... History repeats itself???     |
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danielngel
Member |
11-Aug-2013 23:13
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Brief: Oceanus (SGX Symbol: 579) has requested for suspension.
11 Aug 2013 19:12 Oceanus (SGX Symbol: 579) has requested for suspension. Time: 12/08/20130830 hours Reason: Please refer to the Company's announcement released earlier on 11 August 2013 for further details. |
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bryancbq
Master |
11-Aug-2013 22:55
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=.= | ||||
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dingbat
Senior |
11-Aug-2013 22:32
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As it turns out, PR bs. Insiders knew best and only  pros knew how to read the signs from the money trail  [price movement]-- mkt  price fell below rto price. sigh....
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louis_leecs
Elite |
11-Aug-2013 22:16
Yells: "half cash" |
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I saw today taiwan金 钱 爆 , lobster demand oversupply ,,,,the price of lobster drop to all time low,,,,this investment may be not so good for Oceanus ,,,,,,,,,, | ||||
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rabbitfoot
Veteran |
11-Aug-2013 22:12
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Last weekend that Dr from Oceanus gave a rather hopeful and glowing interview after AGM.
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victortan
Master |
11-Aug-2013 22:06
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I think oceanus is just the tip of the ice berg, with China slowing down to 7% all small business suffer silently. Look at those s-chip revenus down some 90%, how to survive, expecting more bad news from s-chip. if u have them,  i think it is best to leave early, never mind the lose, better then zero.
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dingbat
Senior |
11-Aug-2013 22:01
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Woah. You were right.   Only silver lining is that they have suspended trading to prevent kateks from circling for blood. It's a shrewd move. They have to salvage the mess. Fingers crossed.... 
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Peter_Pan
Supreme |
11-Aug-2013 21:59
Yells: "did you order dunkin' donuts" |
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OceAnus really terrible! | ||||
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Dividend_Warrior
Senior |
11-Aug-2013 21:55
Yells: "I am getting $1100 per month in dividends :)" |
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My condolences to all the dead abalones...... What did that 'Mr Wu' do to the poor abalones? China businessmen are scary!!!  |
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rabbitfoot
Veteran |
11-Aug-2013 21:34
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Sgx better do something, how can just after rights monies collection, they do this ! | ||||
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yewhuan
Member |
11-Aug-2013 21:32
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Reference is made to the announcement of Oceanus Group Limited (the ?Company?) dated 05 August 2013 in respect of the trading halt requested of the shares of the Company pending the release of a further announcement. The board of directors (the ?Board? or ?Directors?) of the Company hereby would like to further request for a trading suspension of the shares of the Company and provide clarifications on the same matter. The Company previously announced that, at the Company?s annual general meeting convened on 31 July 2013 (the ?AGM?), one of the resolutions tabled at the AGM to re-elect Mr Wu Yong Shou (?Mr Wu?) as a Director of the Company was defeated by a 95.51% majority of the shareholders of the Company (?Shareholders?) present and voting at the AGM. By way of background, Mr Wu was appointed on 23 November 2012 as the Executive Director of the Company and he serves concurrently as the General Manager of the Company?s China subsidiary, Oceanus (China) Aquaculture Co., Ltd, tasked with the responsibilities of managing the Company?s overall production and operations in China. As a result of the AGM, Mr Wu retired at the conclusion of the AGM and has consequently ceased as the Executive Director of the Company. Subsequent to the AGM, the Company further announced the composition of the Board Committees on 01 August 2013 with the appointments of new Directors. While Mr Wu remains as the General Manager in charge of the Company?s China operations and production in the interim of the Board re-composition, he became increasingly un-cooperative towards the re-constituted Board ever since he was not re-elected as a Director of the Company at the AGM. The Company was notified on 02 August 2013 and again on 05 August 2013 by the Head of Production of the occurrence of substantial and abnormal mortalities of abalones at the Company?s China farms within a very short span of time immediately following the AGM. The Board has been unable to obtain a verification of the abnormal mortalities which started the day after the AGM from the Group's finance team. In view of the circumstances leading to receiving such a report, and the lack of verification of such mortality from the finance team, the Company decides to request for a trading suspension of the shares of the Company, to ensure that Shareholders and the public investors are not trading on incomplete set of information.The Board has actively engaged in all necessary investigations to look vigorously into the cause and current situation of this event. In addition, the Company is committed to making timely announcements to update shareholders on the above matter as and when appropriate by the end of August 2013. The Company will seek to lift the trading suspension as soon as it is appropriate to do so without compromising on the interests of Shareholders.
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yewhuan
Member |
11-Aug-2013 21:31
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http://infopub.sgx.com/FileOpen/OGL_Request_for_Trading_Suspension.ashx?App=Announcement& FileID=251629 | ||||
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PandaWarrior
Member |
11-Aug-2013 21:27
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can someone pls copy news over? I can't open the link! Thanks so much | ||||
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Tempest
Senior |
11-Aug-2013 21:27
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Management use the halt period and run away with all the money! Bankrupt | ||||
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oldbirdy
Member |
11-Aug-2013 21:15
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Just collected right issue money. .. come out with such rubbish. .. pui pui !!!! | ||||
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Dividend_Warrior
Senior |
11-Aug-2013 21:10
Yells: "I am getting $1100 per month in dividends :)" |
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Sighz........ The shareholders suffer again  |
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