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Oceanus
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OCEANUS (No.1 in abalone farming): Venturing into
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Tomique
Master |
19-Oct-2013 14:09
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Do they know anything about breeding abalones? Think they have zero knowledge or scanty one about this type of business on how to rear successful marketable abalones, how to multiply population and make more money on the increase, how to market the brand name identification and other marketing tactics., Just listen to people say abalone business is good and blindly set up an abalone business with public funds is bound to lose money, but then when lose and lose please don't give excuse after excuses to justify poor production and act of God against the abalones as a sad story for mortality and failure. Walau yeh, better get real experts to revamp the business for the sake of saving the business' future. There is no diplomas or degrees needed to build a success in this business. Just time commitment and love for these creatures and cultivate them properly and these sea snails would reward handsomely. Once the basics are in place, then the marketing will take care of itself to bring in big money. I hope the management is already geared to improve, otherwise Oceanus will really and literally put the " ocean" before " us" (the invesotrs) and dump everyone and all to struggle for their financial lives in the deep blue sea. Hehehe.
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h0ly0wl
Senior |
19-Oct-2013 13:11
Yells: "Huat Big Big!" |
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not to even mention that the money they have lost all these years can be used to invest in man made breeding farms and the technologies used to regulate the water temp. All the problems can be prevented if the management had learned from their past mistakes. Crap stock, must be avoided at all cost. | ||||
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h0ly0wl
Senior |
19-Oct-2013 13:07
Yells: "Huat Big Big!" |
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Agreed totally. This type of lj management should be sacked long ago. This type of crao stock must also be avoided far far.. Breed abalones in wild seas, what a fkn joke.
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papayaface
Member |
19-Oct-2013 12:51
Yells: "This is the best time to enter....when everythings uncertain" |
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Management just didn't dare tell everyone that abalone breeding is a very high risk business otherwise will share price be so high? Very high chance of abalone die because of uncontrollable factors. They like to tell you how much value abalones can fetch in the market that's because abalones are not easy to breed. The company's track record speaks for itself .......... how much of investors money has been lost, paying the directors high salaries and how much profit the company has made over the past 10 years. So for next 10 years, you still think that the company can record high profits? If ever it does, sell off your share when it cheong ....... cos the next year it will probably lost money and cause share price to fall again.
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Polarbear55
Member |
19-Oct-2013 12:42
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👍 Wise move..Better late than never!
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valuebuyer
Member |
19-Oct-2013 12:39
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The management can not be trusted, everytime got abalones die after storm, then how to anticipate the future profit?
Since now got so many pennnies kena hantam cheap cheap, must well take the opportunity switch to other penny counters. Dont waste time in this. |
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albeniz
Member |
19-Oct-2013 11:49
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They should have farmed the abalones in sheltered ponds.
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kuakenneth
Member |
19-Oct-2013 11:25
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I'm one of the human that got kill by this crap stock.LOL...... | ||||
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Tomique
Master |
18-Oct-2013 11:55
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Walau, when the abalones got killed by acts of nature, humans also got killed indirectly...those human investors who love abalones too dearly.. Lol..
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ysh2006
Senior |
18-Oct-2013 11:46
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Coming X'mas can we still got Alblone to eat ?... so many typhoons in those areas coming....
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kelvinleow79
Member |
18-Oct-2013 11:37
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drop below 2cent already.... | ||||
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Peter_Pan
Supreme |
06-Oct-2013 19:49
Yells: "did you order dunkin' donuts" |
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The losses in the biological assets of the Group arising from the damages caused by Typhoon Usagi amounted to approximately RMB12.3 million based on the preliminary estimation. Just trade with care because this is ONLY the PRELIMINARY ESTIMATION, more damages and losses may be reported soon. |
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mrwise
Senior |
06-Oct-2013 18:51
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No problem. Up to individual.
cheers!
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paccch
Member |
06-Oct-2013 18:12
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the management of oceanus might have known of their deep rooted problems and is already running into deep shit. At times, they are just making use of natural calamities to write off more produce.
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dingbat
Senior |
06-Oct-2013 16:55
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Many of the Oceanus shareholders in this thread are heaps wiser than its management team running the company. They've correctly called the types of setbacks Oceanus would encounter farming abalones in China a number of times, something that the CEO and executives with their GLC credentials have failed to anticpate so far. Oceanus really needs to relocate their farming operations to safer, cleaner waters [maybe South America] and not over-rely on foreign expertise to run the farm, in other words, overhaul the whole set-up. Farming in China to cut costs is no longer feasible and they should set their sights further.
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h0ly0wl
Senior |
06-Oct-2013 16:11
Yells: "Huat Big Big!" |
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Stop hai lang. Wait long long. This is a crap stock.
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paccch
Member |
06-Oct-2013 15:45
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another typhoon hitting china soon, wondering how bad will oceanus be affected again.
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new6ie
Senior |
06-Oct-2013 09:10
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Can it go back above 3 cents?
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mrwise
Senior |
06-Oct-2013 02:08
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Collect now.. This will go up...with gd profit... |
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churnw
Senior |
05-Oct-2013 14:58
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That will be about S 2.5 million losses. | ||||
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