| Latest Forum Topics / Otto Marine |
 Post Reply
|
|
Otto Marine is Ready to GO !!!
|
|||||
|
tenacious
Member |
12-Jul-2013 00:44
|
||||
|
x 0
x 0 Alert Admin |
With descend and now at 5cts, after the exercise the BB is liquid can float. When commodity ready to move, next in line will be vessels. I am looking at medium term. Guess nothing to lose if I am accumulating now. Well this is my personal opinion. | ||||
| Useful To Me Not Useful To Me | |||||
|
jomini
Veteran |
11-Jul-2013 22:39
Yells: "slow down, think, question" |
||||
|
x 0
x 0 Alert Admin |
got what to lose? how bout money?
|
||||
| Useful To Me Not Useful To Me | |||||
|
|
|||||
|
tenacious
Member |
11-Jul-2013 22:13
|
||||
|
x 0
x 0 Alert Admin |
Bro, look carefully .... it is a ship also known as " SUBMARINE" . It is on a mission, once ready it will emerge GLORIOUS. No need to run .. stay the course. What have you got to lose ?? | ||||
| Useful To Me Not Useful To Me | |||||
|
beginners
Senior |
11-Jul-2013 19:58
|
||||
|
x 0
x 0 Alert Admin |
The rights trade at 0.001! Any advise? Can buy? | ||||
| Useful To Me Not Useful To Me | |||||
|
pipi88
Member |
11-Jul-2013 18:52
|
||||
|
x 0
x 0 Alert Admin |
 Sinking Ship, better run! |
||||
| Useful To Me Not Useful To Me | |||||
|
|
|||||
|
tenacious
Member |
08-Jul-2013 15:19
|
||||
|
x 0
x 0 Alert Admin |
Good news !!! It is happening ... I'm sure this sector is moving soon
|
||||
| Useful To Me Not Useful To Me | |||||
|
tenacious
Member |
08-Jul-2013 15:08
|
||||
|
x 0
x 0 Alert Admin |
I agreed, the market has over reacted. Sector is said to be warming up. Vested for the medium term to reap profits when the sector recovered ... Cheers
|
||||
| Useful To Me Not Useful To Me | |||||
|
UPRR18
Member |
08-Jul-2013 15:03
Yells: "Si Mai" |
||||
|
x 0
x 0 Alert Admin |
this bb koh lian drop until so low. bro, did you collect a lot ... this sector is improving. i pray it will bounce up. huat ah !! | ||||
| Useful To Me Not Useful To Me | |||||
|
|
|||||
|
UPRR18
Member |
03-Jul-2013 16:05
Yells: "Si Mai" |
||||
|
x 0
x 0 Alert Admin |
maybe got chance let it sell, let it sell, sell, sell, sell ..... | ||||
| Useful To Me Not Useful To Me | |||||
|
T2LE56
Member |
03-Jul-2013 15:56
|
||||
|
x 0
x 0 Alert Admin |
Bro, I have collected at 5.8cts, don't take chance over 0.1cts already the drop is good enough. Buy now before the portal window closes, ... worst if the mkt whack upward ... never know. Cheers
|
||||
| Useful To Me Not Useful To Me | |||||
|
UPRR18
Member |
03-Jul-2013 15:41
Yells: "Si Mai" |
||||
|
x 0
x 0 Alert Admin |
bro been q4 5.7cts and the market not moving down. today is the last for the rts, not sure can get it. if they are kan cheong they will sell. look like the bb is stabilising, unless can knock it down. 
|
||||
| Useful To Me Not Useful To Me | |||||
|
T2LE56
Member |
03-Jul-2013 09:09
|
||||
|
x 0
x 0 Alert Admin |
Just did a quick calcalution, the average price after the right is around 5.55cts. If those people panic, we should buy now !!!
|
||||
| Useful To Me Not Useful To Me | |||||
|
|
|||||
|
T2LE56
Member |
03-Jul-2013 08:59
|
||||
|
x 0
x 0 Alert Admin |
Yesterday another BB over-reacted after a trading halt, when the dust settled when back up. No wonder people like to say " Window of Opportunity" . Haha today still at 5.8cts. Cheers | ||||
| Useful To Me Not Useful To Me | |||||
|
T2LE56
Member |
03-Jul-2013 08:53
|
||||
|
x 0
x 0 Alert Admin |
Haha whenever i see a situation like this ... over react, to me it is a tremendous opportunity to buy. For the first time the BB's financial is positive and market is turning around. They are doing the right thing to buffer with cash and grow the business. Vested ... hope today can buy at a steal. Cheers
|
||||
| Useful To Me Not Useful To Me | |||||
|
Octavia
Elite |
01-Jul-2013 17:10
|
||||
|
x 0
x 0 Alert Admin |
Group announced a sale & leaseback agreement for $50m to Ry Offshore Ltd for its multi-purpose field support and ROV support vessel. The vessels will be chartered to Otto's subsidiary Go Marine Group after the sale. Separately, Otto proposed a renounceable 45-for-100 rights issue of 1,280.8m shares at an exercise price of $0.05 per rights share. Net proceeds of $62.8m will be solely used for repayment of bank borrowings to reduce its gearing. | ||||
| Useful To Me Not Useful To Me | |||||
|
oldflyingfox
Master |
01-Jul-2013 16:42
|
||||
|
x 0
x 0 Alert Admin |
I think market has over react today, not forgetting that the controlling shareholder (also the CEO) will takes up the rights issue, he hold more than 60% of the total shares. | ||||
| Useful To Me Not Useful To Me | |||||
|
Davidson
Member |
01-Jul-2013 16:35
|
||||
|
x 0
x 0 Alert Admin |
Really? Look like is not really to go. Vested in the wrong counter!! | ||||
| Useful To Me Not Useful To Me | |||||
|
oldflyingfox
Master |
01-Jul-2013 16:25
|
||||
|
x 0
x 0 Alert Admin |
Is it oversold now? down 22% to 6.1 cts now. Will it go to right issue price of 5cts? I understand that there are 2 more ships going to be sold which will bring in more than 100 millions in a few months time. | ||||
| Useful To Me Not Useful To Me | |||||
|
kashkash
Member |
29-Jun-2013 09:13
|
||||
|
x 0
x 0 Alert Admin |
The Board of Directors of Otto Marine Limited (the “Company”) is pleased to announce that its shipyard has, through one of the Company’s wholly-owned subsidiaries (the “Seller”), sold a Multi-purpose Field Support and ROV Support Vessel (the “Vessel”) to RY Offshore Limited (the “Buyer”) for an aggregate consideration of approximately US$50 million. Upon completion of the sale, the Buyer will charter the vessel to the Company’s subsidiary, Go Marine Group Pty Ltd more to come.... consolidating.. still undervalued. Vested |
||||
| Useful To Me Not Useful To Me | |||||
|
JMS213
Senior |
19-Jun-2013 21:46
Yells: "Just living is not enough. One must have sunshine, freedom !" |
||||
|
x 0
x 0 Alert Admin |
Yeah. The industry is shaping up and regrouping. We should be seeing more development coming up. Cheers |
||||
| Useful To Me Not Useful To Me | |||||