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LATEST JV TO DEVELOP & MANAGE ENERGY PROJECTS
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go_francis
Senior |
29-Oct-2007 12:08
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From CNA: |
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787180
Master |
29-Oct-2007 10:53
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Oculus destines for Success Quote:
Even b4 the paper raise doubts ab conflict of interest...this happens quite often..see Dr Soh of Jade who is owns about 30% of the Russian co to provide futures oil contract trading..Dr soh is sitting on board of both cos and he merely abstain from voting and resolution was passed on 31 Aug 2007..gd chance to accumulate esp in the CPF and RTO between 2 local cos is liklet to be genuine and in the interest of shareholders of Oculus..unlilely to be those kind of contracts with Rowsley and/or Banjoo deal with PRU cos. The problem is investors are impatient and just want the sh price of Oculus to soar..the longer it consolidates the better as the small paid up capital of 180mil and free flaot is about 80mil in the market only and come near the date for it to be relisted on Mainboard the 50cts is definitely achievable and at least 60cts when relisted with new name Areate Ltd-Asia No1 Carbon Credit Developer reply toR0125per...RTO between Oculus and Areate is arrived at a willing buyer/seller situation beneficial for both cos..Oculus is basically a shelf co after disposing of its optical biz nad Areate instead of the costly and lengthy ipo opt instead to list vis backdoor... |
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787180
Master |
25-Oct-2007 15:19
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Oculus down or unchanged on so low vol. today ....shd be well supported.Very easy the directors just abstain from voting since they hve interest in both cos...Dr Soh Of Jade has acquired or planned joint ventures with his subsidiary or associate cos..he always abstain from voting and let sh holders decide to be fair,the RTO is definitely beneficial for Oculus with guaranteed profit of about $20 and $30mil respectively for FY 2008 anf FY 2009 Treat like FD buy at 33cts and b4 suspension likley will be push to near or even more than 50cts..same scenario as ChinaTranscom RTO and pte placement ab 58cts and last traded 61.5cts and relisted on 8 Oct as China auto electronics traded between 67 to 81cts.Likewise Oculus shd it hit 50cts or 60cts yr % gain will be 52% and 82% respectively. Unlikley relisted as Asia's no 1 Carbon Credit developer with 50mil tradable credits worth>S$1 billion and still <50cts.This takeover of domestic co Areate Ltd is likley to go through as I don't forsee any objections by rational investors otherwise Oculus may be delisted as it has no major biz on hand after selling its opitcal biz for $5mil |
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787180
Master |
25-Oct-2007 08:41
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quote="sporeguy"]Today's Straits Times indicated that both Oculus and Aretae have the same director and that Oculus might have paid too high a price for the RTO[/quote]..possible..the directors involved hve to abstained from voting...Dr Soh from Jade also cross acquire his related cos but abstain from voting RTO is on a domestic co not like Banjoo..related with PRC no guarantee ..can be terminated according to their whims and fancies...unless there is an adverse change in circumstances for offeror and offeree or major sh holders object which is unlikely as Oculus after selling optical biz has nothing left..the carbon emission is the"in-thing' for 21st Century...environmental concern..under the Treaty signed btw many industralised countries |
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787180
Master |
24-Oct-2007 09:52
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well done 35.5-36cts now ..looks like 33cts is a strong support level..by today most contra players shd be up since it was unhalted on last tue 16 Oct..expect . upward movement towards 40cts soon | ||
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hyun78e
Member |
23-Oct-2007 08:48
![]() Yells: "BE REAL" |
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Dose that mean it is a buy point or sell point? It seems like most of stocks will recover some of the lost from friday and monday by at least today. any comment on this one?? |
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cashiertan
Elite |
22-Oct-2007 13:10
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trend line broken. may see resistance at prev trendline now | ||
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macuser
Member |
22-Oct-2007 12:07
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Tks alot bro 787180, i bought at 40cent.30lot..new in shares market. nobody guide only read in forum.i will hold it. i got my gf to buy this share too,hehe... |
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787180
Master |
22-Oct-2007 11:59
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Ok lah bro..actually I thought of collecting btw 27 to 30cts but many are snart now,,don't anyhow sell..sept married deal at 33cts shd be gd support there...purchase price to fund RTO Areate is at 50cts..this is not Banjoo..this occur in singapore not PRC...hence unlikley to be aborted..if only U 've holding power..when relisted in mainboard...U think still at 33 - 40cts...time is $$$ just like buying ppty need time to sell and do some touchup b4 U can sell..imagine putting $$$ in saving/FD,,,still ok to put in such cheap shares | ||
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macuser
Member |
22-Oct-2007 10:05
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Hello, Looking at price keep going down.getting abit worried.Will this shares pick up again?? |
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melvinaw
Member |
19-Oct-2007 19:57
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To 787180 Thanks for your explanation . From what u explain i guess i have to wait abit longer for results. |
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787180
Master |
19-Oct-2007 19:35
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Good News For Oculus go_francis wrote:
Announcement @ SGX 19/10/07 @18:44 Quote: OCULUS LIMITED (Company Registration No. 198304025N) PROPOSED RENOUNCEABLE AND UNDERWRITTEN RIGHTS CUM WARRANTS ISSUE Reference is made to the announcement made on 11 July 2007 (11 July announcement) in relation to the proposed renounceable and underwritten rights cum warrants issue (Proposed Rights cum Warrants Issue). On 22 August 2007 the Board announced (Proposed Bond Issue Announcement) that the Company had entered into a bond subscription agreement with D.B. Zwirn Mauritius Trading No. 3 Limited (Subscriber) under which the Company had proposed to issue up to S$100 million in aggregate principal amount of redeemable zero coupon convertible bonds to the Subscriber (Bonds). It was further announced that the proceeds from the Bond Issue will be used by the Company for the acquisition of new businesses in renewable energy and oil services. On 16 October 2007 the Board announced (Proposed Acquisition Announcement) that the Company had entered into the HOA with the Key Vendors in relation to a proposed acquisition by the Company, subject to the satisfaction of certain conditions, of the entire issued and paid-up share capital of Aretae which will result in a reverse take-over of Aretae. As announced in the Proposed Acquisition Announcement, Aretae is an environmental solutions company that focuses on climate changes initiatives that can help combat global warming. In the 11 July announcement the Board had announced that the proceeds from the Proposed Rights cum Warrants Issue will, inter alia, fund the growth and expansion of business and working capital requirements. Upon satisfaction of the conditions set out in the Proposed Bond Issue Announcement, the Bonds will raise up to S$100 million (in 50 equal successive tranches of S$2 million each) for the Company. Given the above, the Board does not intend to proceed with the Proposed Rights cum Warrants Issue. Further announcements will be made in due course as and when appropriate. Unless otherwise defined, all capitalized terms used herein shall bear the same meaning as defined in the 11 July announcement, the Proposed Bond Issue Announcement and the Proposed Acquisition Announcement accordingly. By Order of the Board Low Shiong Jin Executive Director 19 October 2007 This is a very positive news..no investors want to come up with $$$..nobody when co announce rights issue..its share price drops.It also speaks well of the financial strength of Oculus and that it can fund its purchase of Areate Ltd with internal funds.besides the American fund manager is prepared to loan 100mil convertible loan to Oculus(in the process of signing & getting sh holders'approval) with zero interest..again it suppoorts the belief that Oculus' price will increase over time and Oculus need not pay interest as the fund mgr will find it > beneficial to convert its loan to Oculus' shares...all is well for Oculus Back to top ![]() ![]() ![]() ![]() |
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787180
Master |
19-Oct-2007 17:34
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Repy to melvinaw..Oculus is not like Banjoo..empty air only...the RTO is over a locally incorporated entity Areate Ltd..not some lottery biz in PRC...but some too many contra players..last thur & fri 11 & 12 Oct respectively extraordinary vol of 130mil and 127mil..now many can't pick up..forced selling and overall weak Oct 19 anniversary and oil >USD 90..price weakness expected | ||
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Centaur
Veteran |
19-Oct-2007 16:52
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wonder if the 50cts per share consideration is finalised. else, oculus can always issue more shares at a lower price to satisfy the RTO. | ||
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melvinaw
Member |
19-Oct-2007 16:41
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I totally agree to 787180 analysis about this stock therefore i buy in @0.41. But how come this stock with good prospect end up dropping all the way down none stop? Did we miss out anything? |
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ROI25per
Master |
19-Oct-2007 16:15
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how to justify 50cents to new investors if the price keep going down | ||
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melvinaw
Member |
19-Oct-2007 16:10
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how come it still cant hold strong and it is still dropping down omg... | ||
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yhliang
Member |
19-Oct-2007 16:00
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I'm out. | ||
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787180
Master |
19-Oct-2007 11:56
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Oculus has to do something now that it has abandon alternative hydroelectricity in China..Oculus act as adviser to them only..better no need to incur huge capital cost...the carbon credit no 1 in Asia will be shifted to mainboard is another plus point...even China syndicates linked to their relationships while working on the hydroelectricity projects are buying..that's all I can reveal..but bros and sis..need patience..don't contra lah..don't expect it to drop below 33cts( in sept married deal0..that was chinaman's first entry into Oculus..still supporting..not to worry. Recall Jade in Feb when it was 15 to 20cts all nearly urinate in their pants..onlyI played hero..say buy.also for Banjoo 8 to 14cts I scream buy...after lifting 18 to 20 to 24...28cts but now i'm fully out of Jade and Banjoo now...sori talk so much..going to get scolding from some of U again..let's all be happy |
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787180
Master |
18-Oct-2007 16:06
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The above will show U many bought on thur and fri 11 and 12 respectively total vol 227mil and probably 164 mil took or contra out already..selling pressure still exits will be fully out by Mon 22..gd time to collect either today or tomorrow on further weakness for those who can't pay up..Beauty is that Oculus is holding very well..just reufused to go down.. I could recalled on 25 June after I sold at 40cts it touched high of 45cts..it looks like he 45cts could be broken soon as consolidation is in process as accumulation between 39 to 42cts..shd creep towards 50cts or higher..worth collecting unlikely to see 30 to 33cts anymore in view of its transformation to be Asia's No 1 Carbon Credit Developer to be publicly listed..long term will catch the eyes of European fund managers-Oculus will be given 50mil carbon credits worth $1.75billions |
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