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Otto Marine is Ready to GO !!!
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Tomique
Master |
19-Jun-2013 11:44
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Otto Marine has tracked on muddy and soft roads, thus it waddles like a lame duck not knowing where to go. Hello Otto, time to proceed to 9 cents. You are waiting too long, vessels should move on strict schedules. Hahaha! |
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JMS213
Senior |
19-Jun-2013 00:16
Yells: "Just living is not enough. One must have sunshine, freedom !" |
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Hope more good news is coming ... CORRIGENDUM TO THE ANNOUNCEMENT ON THE INCORPORATION OF PT. GO MARINE INTERNATIONALThis is with reference to the announcement released on 22 May 2013 in relation to the incorporation of PT. Go Marine International (“GMI”). The Company wishes to clarify that it owns only 49% instead of 100% of GMI. The balance 51% of GMI is held by an Indonesian entity known as PT. Bahtera Mega Cakrawala, which is not related to the Directors or the Company and its subsidiaries. By Order of the BoardMichael See Kian Heng Executive Director & Group Chief Financial Officer 14 June 2013 |
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Blue-sky
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08-Jun-2013 00:27
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Good sign , although marine don't seem to be in play .good news releasing soon ??? volume mostly isin last 15 mins Hope more good news coming . staying above 8.6 willl test 9.1 very soon vested odd-lots
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Blue-sky
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02-Jun-2013 01:29
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Has been busy with work. Market sentiment is poor due to Nikkei sell-down . Ship building is at the bottom and only way is up. after all the big shipyard reporting poor results , YZJ Cosco , JES also. I think has made positive changes and the new board has started to show results. i will add a little more on low and wait for industry to gain traction . now the play is on Energy , Oil & Gas. Property and 2nd line prop just over . 1-2 cycle it will come. at this price downside low : if clear 8.5 then 9.1 is next level. Mid long term will be better..Changes looks positive . Just my opinion. Vested odd lots at 82/83..will average up if clear 8.5 & 9.1 convincingly
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Tomique
Master |
01-Jun-2013 18:52
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Last Monday this news went unnoticed by the BBs. MISCELLANEOUS :: OTTO'S SHIPYARD SOLD A ROV SUPPORT VESSEL FOR US$50 MILLION May 27 2013 05:09:31 AM This sale brings in a huge chunk of money. I think BBs quietly bought and it should climb soon. |
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UPRR18
Member |
01-Jun-2013 11:54
Yells: "Si Mai" |
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Brudder, any dividends announce. So far no movement with this BBs. Yesterday i have to cut lost for another BBs. Otto closed lower maybe like blue-sky said, will buy some if drop further. | ||||
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tenacious
Member |
01-Jun-2013 11:44
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Another key change for the New Team. Mr. Ng Quek Peng has been appointed as Non-Executive Independent Director of Otto Marine Ltd with effect from August 1, 2012. From Nov 2011 - Present, he served as Head, Corporate Clients Solutions - CIMB Bank Singapore, Feb 2009 - Oct 2011 as Head, South East Asia Region - GMR, Aug 2006 - Jan 2009 as Chief Representative China - Temasek Holdings Private Ltd. Responsible for maintaining strategic relationships with key government officials and sourcing investment opportunities. Back in Singapore in Mar 2008 as Managing Director, Portfolio Management. Duties include doing strategic review of the business and strategic direction of Temasek’s investee companies, market positioning, balance sheet management and merger and acquisition opportunities. From May 2003 - Jul 2006, he served as Founder of Halcyon Capital Pte Ltd, a consultancy company specialising in corporate restructuring, mergers and acquisitions, fund raising and private equity investment. Advisor, Group Finance of PSA International Pte Ltd from May 2003 - June 2004. Was responsible for the internal restructuring of the PSA Group to align its corporate structure with its operational structure, and assisted in the divestment of its non-core activities. Journey begins, ...... Blue-Sky, what is your take
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T2LE56
Member |
29-May-2013 20:27
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JMS, wow so many company announcements The Board of Directors of Otto Marine Limited
(the “Company”) wishes to announce that its ninety percent (90%) owned
subsidiary, Go Marine Ship Management (M) Sdn. Bhd., has incorporated a
wholly-owned subsidiary, the details of which are stated below: Name of Company : Go Spica Pte. Ltd Paid up Share Capital : US$1,000 Principal Activity.: Owning and chartering of
vessels including offshore support vessels for domestic and international sea
transportation (including as operator) and related activities Place of incorporation : Malaysia Date of Incorporation : 29 May 2013 The Company also wishes to announce that its
wholly-owned subsidiary, Marlin Fleet Pte. Ltd., has incorporated a
wholly-owned subsidiary, the details of which are stated below: Name of Company : Deep Sea 3 (MI) Limited Paid up Share Capital : US$1 Principal Activity : Owning and chartering of vessel Place of incorporation : Marshall Islands Date of Incorporation : 6 May 2013 The investment in the above subsidiaries is
funded through internal resources and is not expected to have any material
financial impact on the consolidated net tangible assets per share or
consolidated earnings per share of the Company and the Group for the current
financial year ending 31 December 2013. By Order of the Board Michael See Kian Heng Executive Director and
Group Chief Financial Officer 29
May 2013
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T2LE56
Member |
23-May-2013 08:18
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Guess the BBs is preparing the way for the AGM. Recent announcement The Board of Directors of Otto Marine Limited (the “Company”) wishes to announce that its subsidiary, Otto Ventures Pte. Ltd., has incorporated a wholly-owned subsidiary, details of which are stated below: Name of Company : PT. Go Marine International Paid up Share Capital : US$1,000,000.00 Principal Activity : Owing and chartering of vessels include offshore support vessels for domestic and international sea transportation (include as operator) and its related activities Place of incorporation : Indonesia Date of Incorporation : 21 May 2013 See Kian Heng Executive Director & Group Chief Financial Officer 22 May 2013 |
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JMS213
Senior |
21-May-2013 11:23
Yells: "Just living is not enough. One must have sunshine, freedom !" |
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You asked a very good question. I agreed with Veteran Fox " Please share info here after AGM" ... JMS you bottom fish again. Watch and see They are preparing the power point now for the presentation. |
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Tomique
Master |
21-May-2013 11:12
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Any dividends coming?
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oldflyingfox
Master |
21-May-2013 11:03
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Pls share info here after AGM, tks. | ||||
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shuncheng
Member |
21-May-2013 11:02
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hard to know when BB when move this up .... maybe until collection complete, good luck | ||||
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JMS213
Senior |
21-May-2013 10:57
Yells: "Just living is not enough. One must have sunshine, freedom !" |
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AGM is coming 31 May 2013, something good for shareholders .....and company announcement. |
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shuncheng
Member |
21-May-2013 10:53
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JM, not hearing from you for sometime... so what is new in Otto Marine ? | ||||
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JMS213
Senior |
21-May-2013 10:52
Yells: "Just living is not enough. One must have sunshine, freedom !" |
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It is about time to get ready for the SHIP to move. Ahoy !!  |
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JMS213
Senior |
16-May-2013 09:39
Yells: "Just living is not enough. One must have sunshine, freedom !" |
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Otto Marine returns to the black in Q1 mark the turning point for the BBs Another key significant event taking shape, the sleeping beauty is waking up .... announcement is coming soon. 
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JMS213
Senior |
14-May-2013 18:44
Yells: "Just living is not enough. One must have sunshine, freedom !" |
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Otto Marine returns to the black in Q1 Otto Marine on Monday posted a net profit of US$279,000 (S$345,000) for the first quarter ended March 31, 2013, reversing net losses of US$9 million a year ago. This was driven by contributions from the sale of a vessel and higher vessel use, as well as reduced losses in the geophysical segment, it said. Revenue climbed 12.2 per cent year-on-year to US$134.4 million, while earnings per share for the quarter improved to 0.01 US cent, from losses per share of 0.48 US cents a year ago. Otto Marine said global economic conditions of the shipbuilding industry remained challenging. |
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JMS213
Senior |
03-May-2013 14:04
Yells: "Just living is not enough. One must have sunshine, freedom !" |
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UPRR18, Told you I looking at other stocks, don't worry when the charming prince appears sleeping beauty will rise ..... You should be seeing or hearing something real soon. Adieu |
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UPRR18
Member |
02-May-2013 10:24
Yells: "Si Mai" |
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ji hao xiao, what expect the unexpected ... no movement, ..... beauty yes, .... sleeping beauty lor. Last time i buy, made some losses. lucky run fast otherwise stuck... better see breadtalk | ||||
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