Otto Marine   

Otto Marine outlook and strategy very strong

0.55 is stronger resistance...

need to see today's short sell report...only thin txn

 

hyekyo88      ( Date: 19-Nov-2013 10:57) Posted: Seems that the support @ 6cts has broke... :(

 

Seems that the support @ 6cts has broke... :(

 

  I see, thanks for advice bro moneyplant!

moneyplant      ( Date: 18-Nov-2013 14:27) Posted: Markets act irrational, too much noise on the marine sector pac radiance, viking...  hyekyo88      ( Date: 18-Nov-2013 14:24) Posted: Is this good for the counter?  If yes, why is the price still going down? Thanks for advice

 

Markets act irrational, too much noise on the marine sector pac radiance, viking... 

hyekyo88      ( Date: 18-Nov-2013 14:24) Posted: Is this good for the counter?  If yes, why is the price still going down? Thanks for advice. teeth53      ( Date: 18-Nov-2013 08:57) Posted: Otto_Marine_Limited_Announcement_Otto_Shirpyard_clinch_2_newbuild_vessels_18_November_2013.pdf The Board of Directors of Otto Marine Limited (the ?Company?) is pleased to announce that its subsidiary, PT Batamec shipyard has clinched two newbuilding contracts from its repeated reputable Indonesian customer to build two 3000 HP Habour Tugs (the ?Vessels?) for a consideration of approximately USD 9 million. The Vessels are expected to be completed by fourth quarter of 2014. The above-mentioned shipbuilding orders are not expected to have a material effect on the consolidated net tangible assets per share or earnings per share of the Company for the financial year ending 31 December 2013.

 

Is this good for the counter?  If yes, why is the price still going down? Thanks for advice.

teeth53      ( Date: 18-Nov-2013 08:57) Posted: Otto_Marine_Limited_Announcement_Otto_Shirpyard_clinch_2_newbuild_vessels_18_November_2013.pdf The Board of Directors of Otto Marine Limited (the ?Company?) is pleased to announce that its subsidiary, PT Batamec shipyard has clinched two newbuilding contracts from its repeated reputable Indonesian customer to build two 3000 HP Habour Tugs (the ?Vessels?) for a consideration of approximately USD 9 million. The Vessels are expected to be completed by fourth quarter of 2014. The above-mentioned shipbuilding orders are not expected to have a material effect on the consolidated net tangible assets per share or earnings per share of the Company for the financial year ending 31 December 2013.

 

Thanks!

oldflyingfox      ( Date: 15-Nov-2013 10:23) Posted: The uptrend started on 31 Oct is still intact, yesterday hit the uptrend line and was supported. Moving up slowly and steady. 1st target 6.8cts(long term downtrend line), 2nd target 7.4cts (previous high), 3rd target 7.8cts (close the gap) and final target 8.5cts. But the challenge will be  could I able to hold till 8.x level? Not for contra please.

 

Technicals any comment?

teeth53      ( Date: 18-Nov-2013 08:57) Posted: Otto_Marine_Limited_Announcement_Otto_Shirpyard_clinch_2_newbuild_vessels_18_November_2013.pdf The Board of Directors of Otto Marine Limited (the ?Company?) is pleased to announce that its subsidiary, PT Batamec shipyard has clinched two newbuilding contracts from its repeated reputable Indonesian customer to build two 3000 HP Habour Tugs (the ?Vessels?) for a consideration of approximately USD 9 million. The Vessels are expected to be completed by fourth quarter of 2014. The above-mentioned shipbuilding orders are not expected to have a material effect on the consolidated net tangible assets per share or earnings per share of the Company for the financial year ending 31 December 2013.

 

Otto_Marine_Limited_Announcement_Otto_Shirpyard_clinch_2_newbuild_vessels_18_November_2013.pdf

The Board of Directors of Otto Marine Limited (the ?Company?) is pleased to announce
that its subsidiary, PT Batamec shipyard has clinched two newbuilding contracts from its
repeated reputable Indonesian customer to build two 3000 HP Habour Tugs (the
?Vessels?) for a consideration of approximately USD 9 million.
The Vessels are expected to be completed by fourth quarter of 2014.
The above-mentioned shipbuilding orders are not expected to have a material effect on the
consolidated net tangible assets per share or earnings per share of the Company for the
financial year ending 31 December 2013.

 

The uptrend started on 31 Oct is still intact, yesterday hit the uptrend line and was supported. Moving up slowly and steady. 1st target 6.8cts(long term downtrend line), 2nd target 7.4cts (previous high), 3rd target 7.8cts (close the gap) and final target 8.5cts.

But the challenge will be  could I able to hold till 8.x level?

Not for contra please.

 

May take another T+5 (+-) to clear, next week Liao....huat huat argh. Otto Marine go go go...:)

teeth53      ( Date: 13-Nov-2013 09:05) Posted: Otto Marine -- New NAV per share (US cents) 7.59 ( or 9.54 Singapore cents) teeth53      ( Date: 12-Nov-2013 10:30) Posted: My acct came under Kimeng, went to do a brief check on historic trading, mentioned to hold...when it was trading at low of less then 6c, with a premium of 50% TP.

 

Think 7c mark is coming....:)

oldflyingfox      ( Date: 14-Nov-2013 10:20) Posted: Give another 1 to 2 weeks to past the 7cts mark, as long as it stay above 6cts, the rebound still alive.

 

It PE Ratio is@about 6X, technically is has potential for GO Marine to IPO of in time to come...as Otto Marine is paying off more debt and had much reserve $$$.

New  NAV is 0.95c and is all dependable on BBs players to re-look at Otto.

 

what is happening to this babe now?! disappointing!

 

LoL..   all here also looking for money..... lol

gavinl      ( Date: 14-Nov-2013 11:38) Posted: Sold at 61. Lost 2 pips. So difficult to make some kopi money nowadays. :( gavinl      ( Date: 12-Nov-2013 10:58) Posted: Miss yummy, u bought otto too? I just bought 200@ 0.063 for contra. Wish us good luck. Lo

 

Sold at 61. Lost 2 pips. So difficult to make some kopi money nowadays. :(

gavinl      ( Date: 12-Nov-2013 10:58) Posted: Miss yummy, u bought otto too? I just bought 200@ 0.063 for contra. Wish us good luck. Lol yummygd      ( Date: 12-Nov-2013 10:35) Posted: Roger! Its been brewing for sometime. Hopefully the explosion is not so small. Anyways results coming soon. Hope its outstanding

 

Hi, I hope so.. master u get in at what price huh?

 

Give another 1 to 2 weeks to past the 7cts mark, as long as it stay above 6cts, the rebound still alive.

 

today look like a dead fish.. i hoping to rise till 0.07 haha is my expectation too high? or just that i m not in the right time to said this? Haha i got the stock at 0.6 waiting to go up roar like a lion~

 

Otto players cleaned 0.064c, going 65c / 66c - Volume changing hands so far - 41mil shr

(more then 20 mil shr bot up at 0.065c)

Last	Trades	Volume	Bid Volume	Mid	Ask Volume
0.060	4	200,000	200,000	0	0
0.061	23	2,450,000	1,510,000	0	940,000
0.062	21	3,403,000	610,000	0	2,793,000
0.063	21	3,618,000	1,008,000	417,000	2,193,000
0.064	47	8,332,000	1,702,000	0	6,630,000
0.065	169	22,319,000	2,276,000	0	20,043,000
0.066	6	290,000	0	0	290,000
TOTAL	291	40,612,000	7,306,000	417,000	32,889,000

 

Come on Otto!! Explode huat arh! Come on!

teeth53      ( Date: 13-Nov-2013 09:10) Posted: Very close to your TP of 0.10 cents. Otto huat huat...arhh.  All now leaving it to Brokers Securities houses players. yummygd      ( Date: 12-Nov-2013 10:23) Posted: Thanks so TP around 10 at least? If base on below 6 .