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new year to buy abalone and lobster Post Reply Rate topic
settowin Veteran	01-Dec-2011 09:27        settowin About Contact  Quote this Post!
x 0   x 0  Alert Admin	I think heavy investment has been put into this venture.  Money in an investment by big corporations is hardly children's play.  They will recoup. teeth53      ( Date: 01-Dec-2011 09:23) Posted: In line with regional bourses, is green for STI stocks today, think Oceanus since fallen from it high of near 0.50  , now trading  @ .073 / .074 is what mkt players deem worthy to play, +0.003 or +4.3%. This is where, got to respect the market players play...  :)
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teeth53 Supreme	01-Dec-2011 09:23        teeth53 About Contact  Quote this Post! Style: Flexible   Mood: Yells: "don't learn through life, learn to grow with life "
x 0   x 0  Alert Admin	In line with regional bourses, is green for STI stocks today, think Oceanus since fallen from it high of near 0.50  , now trading  @ .073 / .074 is what mkt players deem worthy to play, +0.003 or +4.3%. This is where, got to respect the market players play...  :)
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GuavaXF30 Master	30-Nov-2011 09:44        GuavaXF30 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Down another 5% today. Soon to be below 5 c.... GuavaXF30      ( Date: 29-Nov-2011 08:46) Posted: Lack of cash flow is a greater killer than lack of profit. They are running out and this is even more amazing considering they raised a heap just about one year back from the secondary listing in Taiwan. And yes, what about the warrants and bonds floating around. Instituitional investors exposed to Europe will need to raise cash. Who will be able to pay them if cash is running out ? Abalone mass murdered. Lobsters in Australia no news. Now talk about sea cucumber.  No more tricks to pull. Best to stay away !!! Belteshazzar      ( Date: 29-Nov-2011 08:33) Posted: remaining 80m  @ high risk , better buy insurance
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GuavaXF30 Master	29-Nov-2011 08:46        GuavaXF30 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Lack of cash flow is a greater killer than lack of profit. They are running out and this is even more amazing considering they raised a heap just about one year back from the secondary listing in Taiwan. And yes, what about the warrants and bonds floating around. Instituitional investors exposed to Europe will need to raise cash. Who will be able to pay them if cash is running out ? Abalone mass murdered. Lobsters in Australia no news. Now talk about sea cucumber.  No more tricks to pull. Best to stay away !!! Belteshazzar      ( Date: 29-Nov-2011 08:33) Posted: remaining 80m  @ high risk , better buy insurance Belteshazzar      ( Date: 21-Nov-2011 10:37) Posted: dun think so as it is company misstep as mentioned so be careful and take care of the remaining 80m early redemption of warrants and bond issues
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teeth53 Supreme	29-Nov-2011 08:37        teeth53 About Contact  Quote this Post! Style: Flexible   Mood: Yells: "don't learn through life, learn to grow with life "
x 0   x 0  Alert Admin	With such low, low prices, isit chances to speculate..?. do trade within the mean and do so on oneself believe in...Happy trading.
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Belteshazzar Veteran	29-Nov-2011 08:33        Belteshazzar About Contact  Quote this Post! Style: Flexible   Mood:
x 0   x 0  Alert Admin	remaining 80m  @ high risk , better buy insurance Belteshazzar      ( Date: 21-Nov-2011 10:37) Posted: dun think so as it is company misstep as mentioned so be careful and take care of the remaining 80m early redemption of warrants and bond issues
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moneycow Master	28-Nov-2011 13:02        moneycow About Contact  Quote this Post!
x 0   x 0  Alert Admin	It also say few years back want to give dividents - but now price from 49 cents  go all the way to 7 cents........... Hope is just hope but sometime the situation is hope against hope and hope for the best............. Every one also can hope - i hope I become million aire also... but now zero aire almost bankrupt :) flyersummer      ( Date: 26-Nov-2011 18:13) Posted: Oceanus hopes to be profitable again in 2013 Business Times - 19 Nov 2011 Oceanus hopes to be profitable again in 2013 Group aims for bigger farm yields and lower production costs, and also plans to grow sea cucumbers OCEANUS Group hopes to return to profitability in 2013 by raising farm yields, lowering production costs and growing sea cucumbers for the first time. But the largest land-based abalone producer is also faced with the daunting task of verifying its abalone numbers after millions of them died mysteriously. Its existing stock is contained in over 30,000 tanks at 50 farms spanning two provinces, Fujian and Guangdong, in China. Group executive chairman Ng Cher Yew said he has sent seven to eight people from the finance team in Singapore to take a stock-take of the abalones. 'The actual counting of abalones will take two to three weeks,' he said yesterday. This has to be done with the help of the Chinese staff on the farms. As an indication of how vast the job is, Oceanus' auditors Deloitte & Touche typically require more than 20 people spending three weeks to cover a 5 per cent sample of the total abalone population, Dr Ng added. The group has also sent security personnel to supervise the farms and new mortality of abalones from now has to be matched by new empty shells. Dr Ng declined to speculate how the 42 million units of abalone died in the third quarter, preferring to explain how he is steering the group forward. 'We want to strongly focus on sales as a breeding company,' Dr Ng said. The current problem is the company is not harvesting the abalones at the right time, he added. To improve its cash cycle, Oceanus will sell its existing abalone stock in each year to gain regular cash flows to acquire high-quality brood stock and to grow sea cucumbers in February next year. The move into growing sea cucumbers takes advantage of the breeding cycle of abalones as the breeding period of sea cucumbers coincides with the lull period of breeding abalones. Dr Ng said the group will also be 'more scientific' in deciding which abalones to sell, by off-loading its juvenile stocks in January and holding back the faster-growing ones for eventual sale at a higher price. While the existing abalone stock still needs to be verified, some 500 tonnes of abalones that are three to four years old are expected to be sold early next year. This is expected to generate cash of 150 million yuan (S$30.5 million) to 200 million yuan by the first half of next year. Oceanus is also looking at lowering the cost of running the farms from more than 200 million yuan per year to 100 million yuan by raising breeding density for its tanks. Dr Ng noted that the tanks are currently breeding abalones at low densities, an area he hopes to address. By working with good abalone breeders in China through profit sharing, yields can be improved and the number of tanks required for abalone breeding can be reduced to 10,000, down from over 30,000 currently, he said. The excess tanks could be used for sea cucumbers or be rented out. The lowest annual rental rate in China for tanks, according to Dr Ng, is about 2,000 yuan per tank. Given these plans, the group is confident of returning in the black in 2013. Oceanus had suffered a net loss of 725 million yuan for the third quarter ended Sept 30, compared to a net profit of 68.6 million yuan a year ago. This was due to a fair value loss of 642.6 million yuan on biological assets as some 42 million abalones died. Dr Ng called the mortality rate as 'just not acceptable' as most of the abalones that died were larger-sized ones. The mortality rate of abalones typically reduces as they mature. The group has formed a working committee consisting of board members and key finance staff since the fourth quarter of last year to study the reasons behind the increased mortality of abalones. Chief executive officer Yu De Hua agreed to step down as CEO and legal representative of the Chinese subsidiaries and the handover is expected to complete soon. Dr Ng said he would like to have two different persons for the role of the legal representative and that of the CEO.
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louis_leecs Elite	28-Nov-2011 11:17        louis_leecs About Contact  Quote this Post!   Mood: Yells: "half cash"
x 0   x 0  Alert Admin	dont tell me belakang pusing again,,,,,,,,,,,,,,,,,,,,,shit must jum pppppppp liaO IF
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louis_leecs Elite	26-Nov-2011 22:39        louis_leecs About Contact  Quote this Post!   Mood: Yells: "half cash"
x 0   x 0  Alert Admin	next time must suggest  to buy insurance for hum,,,,,,,,,,,,,,,at less can recovery the loss
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flyersummer Member	26-Nov-2011 18:13        flyersummer About Contact  Quote this Post!
x 0   x 0  Alert Admin	Oceanus hopes to be profitable again in 2013 Business Times - 19 Nov 2011 Oceanus hopes to be profitable again in 2013 Group aims for bigger farm yields and lower production costs, and also plans to grow sea cucumbers OCEANUS Group hopes to return to profitability in 2013 by raising farm yields, lowering production costs and growing sea cucumbers for the first time. But the largest land-based abalone producer is also faced with the daunting task of verifying its abalone numbers after millions of them died mysteriously. Its existing stock is contained in over 30,000 tanks at 50 farms spanning two provinces, Fujian and Guangdong, in China. Group executive chairman Ng Cher Yew said he has sent seven to eight people from the finance team in Singapore to take a stock-take of the abalones. 'The actual counting of abalones will take two to three weeks,' he said yesterday. This has to be done with the help of the Chinese staff on the farms. As an indication of how vast the job is, Oceanus' auditors Deloitte & Touche typically require more than 20 people spending three weeks to cover a 5 per cent sample of the total abalone population, Dr Ng added. The group has also sent security personnel to supervise the farms and new mortality of abalones from now has to be matched by new empty shells. Dr Ng declined to speculate how the 42 million units of abalone died in the third quarter, preferring to explain how he is steering the group forward. 'We want to strongly focus on sales as a breeding company,' Dr Ng said. The current problem is the company is not harvesting the abalones at the right time, he added. To improve its cash cycle, Oceanus will sell its existing abalone stock in each year to gain regular cash flows to acquire high-quality brood stock and to grow sea cucumbers in February next year. The move into growing sea cucumbers takes advantage of the breeding cycle of abalones as the breeding period of sea cucumbers coincides with the lull period of breeding abalones. Dr Ng said the group will also be 'more scientific' in deciding which abalones to sell, by off-loading its juvenile stocks in January and holding back the faster-growing ones for eventual sale at a higher price. While the existing abalone stock still needs to be verified, some 500 tonnes of abalones that are three to four years old are expected to be sold early next year. This is expected to generate cash of 150 million yuan (S$30.5 million) to 200 million yuan by the first half of next year. Oceanus is also looking at lowering the cost of running the farms from more than 200 million yuan per year to 100 million yuan by raising breeding density for its tanks. Dr Ng noted that the tanks are currently breeding abalones at low densities, an area he hopes to address. By working with good abalone breeders in China through profit sharing, yields can be improved and the number of tanks required for abalone breeding can be reduced to 10,000, down from over 30,000 currently, he said. The excess tanks could be used for sea cucumbers or be rented out. The lowest annual rental rate in China for tanks, according to Dr Ng, is about 2,000 yuan per tank. Given these plans, the group is confident of returning in the black in 2013. Oceanus had suffered a net loss of 725 million yuan for the third quarter ended Sept 30, compared to a net profit of 68.6 million yuan a year ago. This was due to a fair value loss of 642.6 million yuan on biological assets as some 42 million abalones died. Dr Ng called the mortality rate as 'just not acceptable' as most of the abalones that died were larger-sized ones. The mortality rate of abalones typically reduces as they mature. The group has formed a working committee consisting of board members and key finance staff since the fourth quarter of last year to study the reasons behind the increased mortality of abalones. Chief executive officer Yu De Hua agreed to step down as CEO and legal representative of the Chinese subsidiaries and the handover is expected to complete soon. Dr Ng said he would like to have two different persons for the role of the legal representative and that of the CEO.
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teeth53 Supreme	22-Nov-2011 15:38        teeth53 About Contact  Quote this Post! Style: Flexible   Mood: Yells: "don't learn through life, learn to grow with life "
x 0   x 0  Alert Admin	Si Bo...Wa Kon Liao lohh...good for speculation. For more info - see pg 4 http://forum.channelnewsasia.com/showthread.php?15796-Oceanus-hopes-to-be-profitable-again-in-2013/page4
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hlfoo2010 Veteran	21-Nov-2011 21:57        hlfoo2010 About Contact  Quote this Post!
x 0   x 0  Alert Admin	It is also not a bad thinking why is so cheap?????? Tanks farming  of abalone  can  die so many and dont know why and what is the cause ????? Should question the new CEO and the OLD CEO in AGM ?????? baberic      ( Date: 21-Nov-2011 08:00) Posted: I am very tempted to buy this counter given the price has been so rock bottomed.  Thought to myself, when  would I ever be given this opportunity to buy Oceanus at so cheap a price?
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teeth53 Supreme	21-Nov-2011 21:01        teeth53 About Contact  Quote this Post! Style: Flexible   Mood: Yells: "don't learn through life, learn to grow with life "
x 0   x 0  Alert Admin	teeth53 -  On sharing info and my thot. Abalone come alife. +0.008 to closed @0.078 cents on vol-36,288,000 million shr changed hands. Oceanus group was once, target for takeover when price was floating between 28c to 32c. now this business of who takeover  is not going to happen liao till 2013 (at least). I believe owner would not want to sell now as well. Till it happen,  will it's turn around  be successful?. Will or will not?. I post, U decide.  teeth53      ( Date: 21-Nov-2011 20:28) Posted: Seems to be something that it is not there...actually it's  around, not seen by others players.  Oni things is, in related term,  a chance to speculate on a  trading opportunities. Speculation work fine and many long players will be happy today. It reflect some shine on players part. +ve. it's cheap. It pessimistic vs optimistic players. iPunter      ( Date: 15-Nov-2011 11:11) Posted: Sifu is right... It is all about speculating, which is good...     As long as one acknowledges that it is speculation,               one will not be in for surprises...
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teeth53 Supreme	21-Nov-2011 20:33        teeth53 About Contact  Quote this Post! Style: Flexible   Mood: Yells: "don't learn through life, learn to grow with life "
x 0   x 0  Alert Admin	Sori - typing error. Should add d word not, and  read as this takeover business now  this did not happen liao. " now this did happen liao."
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teeth53 Supreme	21-Nov-2011 20:28        teeth53 About Contact  Quote this Post! Style: Flexible   Mood: Yells: "don't learn through life, learn to grow with life "
x 0   x 0  Alert Admin	Seems to be something that it is not there...actually it's  around, not seen by others players.  Oni things is, in related term,  a chance to speculate on a  trading opportunities. Speculation work fine and many long players will be happy today. It reflect some shine on players part. +ve. it's cheap. It pessimistic vs optimistic players. iPunter      ( Date: 15-Nov-2011 11:11) Posted: Sifu is right... It is all about speculating, which is good...     As long as one acknowledges that it is speculation,               one will not be in for surprises...  teeth53      ( Date: 15-Nov-2011 11:07) Posted: Basically, it good for speculating, cos is volatile in nature...the fall seem in line for some degree to move forward
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warrenbegger Elite	21-Nov-2011 19:55        warrenbegger About Contact  Quote this Post!   Mood: Yells: "Anyhow Buy Anyhow Die ^_^"
x 0   x 0  Alert Admin	Becareful, of the works of illusion.
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teeth53 Supreme	21-Nov-2011 19:45        teeth53 About Contact  Quote this Post! Style: Flexible   Mood: Yells: "don't learn through life, learn to grow with life "
x 0   x 0  Alert Admin	Abalone come alife. +0.008 to closed @0.078 cents on vol-36,288,000 million shr changed hands. Oceanus group  was once, target for take over when price was floating between 28c to 32c, now this did happen liao. Will it happen again when it's turn around is successful?.  Oceanus hopes to be profitable again in 2013 teeth53      ( Date: 20-Nov-2011 19:44) Posted: It went into lower low after news break, and now trading at 0.070 cents, -0.001c or down 1.4% on vol of 4,182 lots changed hand last Friday.    Looking at  before breaking news, it had fallen much more over the past three mths from 0.155 onward - since early Sept 2011.  Down somewhat by 30% just B4 3rd Q news result is announced. 3rd Q. News break was on or about on this date,  9 Nov, after a delay  for about 2 weeks.  (42 mil dead abalone and CEO resign), don mean Co close shop, price last done  at current  price 0.070c  - down about 30%. Like any others stock. It had equally been  punishment by investors / punters and Speculators. http://sg.finance.yahoo.com/q/ta?s=579.SI& t=3m& l=on& z=l& q=l& p=& a=m26-12-9& c= teeth53 thot - 4th Q news maybe so much better then 3rd Q news in term  of it  result - relatively. Case study to me is comparable to HanKore (former name is Biotreat). Would be punters/speculators and vested stake holders. Trade at  oneself own  risk. Will it fall again..?. Regret and or regrettable, it up to  d market players. Just sharing my thot. teeth53      ( Date: 19-Nov-2011 15:56) Posted: Thk Q, just human to err...people's are just like U said - betting on whatever players think (thot). To me, is good px to enter...others may think differently or others wise. Giving market d respect in relative term. Long, short or to  hold... it just been speculative - in related term
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louis_leecs Elite	21-Nov-2011 11:37        louis_leecs About Contact  Quote this Post!   Mood: Yells: "half cash"
x 0   x 0  Alert Admin	long long long the long train alife
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louis_leecs Elite	21-Nov-2011 11:23        louis_leecs About Contact  Quote this Post!   Mood: Yells: "half cash"
x 0   x 0  Alert Admin	kill shortist   time get ready
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Laulan Master	21-Nov-2011 10:38        Laulan About Contact  Quote this Post!
x 0   x 0  Alert Admin	Shorts might die young if insurance claims are made and paid to Oceanus. Sorry for the error, my keyboard needs to be thrown away.LOL Laulan      ( Date: 21-Nov-2011 10:35) Posted: Horts might die young if insurance claims are made and paid to Oceanus.  But I suppose hurdles might be put up in an uneven level at here (here is HERE, Sinpapore is here). baberic      ( Date: 21-Nov-2011 10:22) Posted: OK, good to know something.  If there is insurance payments, then Oceanus will go back to pre-fall levels, right
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