Post Reply
121-140 of 283
I think heavy investment has been put into this venture. Money in an investment by big corporations is hardly children's play. They will recoup.
teeth53 ( Date: 01-Dec-2011 09:23) Posted:
|
In line with regional bourses, is green for STI stocks today, think Oceanus since fallen from it high of near 0.50 , now trading @ .073 / .074 is what mkt players deem worthy to play, +0.003 or +4.3%.
This is where, got to respect the market players play... :)
Down another 5% today. Soon to be below 5 c....
GuavaXF30 ( Date: 29-Nov-2011 08:46) Posted:
|
Lack of cash flow is a greater killer than lack of profit. They are running out and this is even more amazing considering they raised a heap just about one year back from the secondary listing in Taiwan. And yes, what about the warrants and bonds floating around. Instituitional investors exposed to Europe will need to raise cash. Who will be able to pay them if cash is running out ?
Abalone mass murdered. Lobsters in Australia no news. Now talk about sea cucumber. No more tricks to pull. Best to stay away !!!
Belteshazzar ( Date: 29-Nov-2011 08:33) Posted:
|
With such low, low prices, isit chances to speculate..?. do trade within the mean and do so on oneself believe in...Happy trading.
remaining 80m @ high risk , better buy insurance
Belteshazzar ( Date: 21-Nov-2011 10:37) Posted:
|
It also say few years back want to give dividents - but now price from 49 cents go all the way to 7 cents...........
Hope is just hope but sometime the situation is hope against hope and hope for the best.............
Every one also can hope - i hope I become million aire also... but now zero aire almost bankrupt :)
flyersummer ( Date: 26-Nov-2011 18:13) Posted:
|
dont tell me belakang pusing again,,,,,,,,,,,,,,,,,,,,,shit must jum pppppppp liaO IF
next time must suggest to buy insurance for hum,,,,,,,,,,,,,,,at less can recovery the loss
Oceanus hopes to be profitable again in 2013
Business Times - 19 Nov 2011
Oceanus hopes to be profitable again in 2013
Group aims for bigger farm yields and lower production costs, and also plans to grow sea cucumbers
OCEANUS Group hopes to return to profitability in 2013 by raising farm yields, lowering production costs and growing sea cucumbers for the first time.
But the largest land-based abalone producer is also faced with the daunting task of verifying its abalone numbers after millions of them died mysteriously.
Its existing stock is contained in over 30,000 tanks at 50 farms spanning two provinces, Fujian and Guangdong, in China.
Group executive chairman Ng Cher Yew said he has sent seven to eight people from the finance team in Singapore to take a stock-take of the abalones.
'The actual counting of abalones will take two to three weeks,' he said yesterday. This has to be done with the help of the Chinese staff on the farms.
As an indication of how vast the job is, Oceanus' auditors Deloitte & Touche typically require more than 20 people spending three weeks to cover a 5 per cent sample of the total abalone population, Dr Ng added.
The group has also sent security personnel to supervise the farms and new mortality of abalones from now has to be matched by new empty shells.
Dr Ng declined to speculate how the 42 million units of abalone died in the third quarter, preferring to explain how he is steering the group forward.
'We want to strongly focus on sales as a breeding company,' Dr Ng said. The current problem is the company is not harvesting the abalones at the right time, he added.
To improve its cash cycle, Oceanus will sell its existing abalone stock in each year to gain regular cash flows to acquire high-quality brood stock and to grow sea cucumbers in February next year.
The move into growing sea cucumbers takes advantage of the breeding cycle of abalones as the breeding period of sea cucumbers coincides with the lull period of breeding abalones.
Dr Ng said the group will also be 'more scientific' in deciding which abalones to sell, by off-loading its juvenile stocks in January and holding back the faster-growing ones for eventual sale at a higher price.
While the existing abalone stock still needs to be verified, some 500 tonnes of abalones that are three to four years old are expected to be sold early next year. This is expected to generate cash of 150 million yuan (S$30.5 million) to 200 million yuan by the first half of next year.
Oceanus is also looking at lowering the cost of running the farms from more than 200 million yuan per year to 100 million yuan by raising breeding density for its tanks.
Dr Ng noted that the tanks are currently breeding abalones at low densities, an area he hopes to address. By working with good abalone breeders in China through profit sharing, yields can be improved and the number of tanks required for abalone breeding can be reduced to 10,000, down from over 30,000 currently, he said.
The excess tanks could be used for sea cucumbers or be rented out. The lowest annual rental rate in China for tanks, according to Dr Ng, is about 2,000 yuan per tank.
Given these plans, the group is confident of returning in the black in 2013.
Oceanus had suffered a net loss of 725 million yuan for the third quarter ended Sept 30, compared to a net profit of 68.6 million yuan a year ago. This was due to a fair value loss of 642.6 million yuan on biological assets as some 42 million abalones died.
Dr Ng called the mortality rate as 'just not acceptable' as most of the abalones that died were larger-sized ones. The mortality rate of abalones typically reduces as they mature.
The group has formed a working committee consisting of board members and key finance staff since the fourth quarter of last year to study the reasons behind the increased mortality of abalones.
Chief executive officer Yu De Hua agreed to step down as CEO and legal representative of the Chinese subsidiaries and the handover is expected to complete soon.
Dr Ng said he would like to have two different persons for the role of the legal representative and that of the CEO.
Business Times - 19 Nov 2011
Oceanus hopes to be profitable again in 2013
Group aims for bigger farm yields and lower production costs, and also plans to grow sea cucumbers
OCEANUS Group hopes to return to profitability in 2013 by raising farm yields, lowering production costs and growing sea cucumbers for the first time.
But the largest land-based abalone producer is also faced with the daunting task of verifying its abalone numbers after millions of them died mysteriously.
Its existing stock is contained in over 30,000 tanks at 50 farms spanning two provinces, Fujian and Guangdong, in China.
Group executive chairman Ng Cher Yew said he has sent seven to eight people from the finance team in Singapore to take a stock-take of the abalones.
'The actual counting of abalones will take two to three weeks,' he said yesterday. This has to be done with the help of the Chinese staff on the farms.
As an indication of how vast the job is, Oceanus' auditors Deloitte & Touche typically require more than 20 people spending three weeks to cover a 5 per cent sample of the total abalone population, Dr Ng added.
The group has also sent security personnel to supervise the farms and new mortality of abalones from now has to be matched by new empty shells.
Dr Ng declined to speculate how the 42 million units of abalone died in the third quarter, preferring to explain how he is steering the group forward.
'We want to strongly focus on sales as a breeding company,' Dr Ng said. The current problem is the company is not harvesting the abalones at the right time, he added.
To improve its cash cycle, Oceanus will sell its existing abalone stock in each year to gain regular cash flows to acquire high-quality brood stock and to grow sea cucumbers in February next year.
The move into growing sea cucumbers takes advantage of the breeding cycle of abalones as the breeding period of sea cucumbers coincides with the lull period of breeding abalones.
Dr Ng said the group will also be 'more scientific' in deciding which abalones to sell, by off-loading its juvenile stocks in January and holding back the faster-growing ones for eventual sale at a higher price.
While the existing abalone stock still needs to be verified, some 500 tonnes of abalones that are three to four years old are expected to be sold early next year. This is expected to generate cash of 150 million yuan (S$30.5 million) to 200 million yuan by the first half of next year.
Oceanus is also looking at lowering the cost of running the farms from more than 200 million yuan per year to 100 million yuan by raising breeding density for its tanks.
Dr Ng noted that the tanks are currently breeding abalones at low densities, an area he hopes to address. By working with good abalone breeders in China through profit sharing, yields can be improved and the number of tanks required for abalone breeding can be reduced to 10,000, down from over 30,000 currently, he said.
The excess tanks could be used for sea cucumbers or be rented out. The lowest annual rental rate in China for tanks, according to Dr Ng, is about 2,000 yuan per tank.
Given these plans, the group is confident of returning in the black in 2013.
Oceanus had suffered a net loss of 725 million yuan for the third quarter ended Sept 30, compared to a net profit of 68.6 million yuan a year ago. This was due to a fair value loss of 642.6 million yuan on biological assets as some 42 million abalones died.
Dr Ng called the mortality rate as 'just not acceptable' as most of the abalones that died were larger-sized ones. The mortality rate of abalones typically reduces as they mature.
The group has formed a working committee consisting of board members and key finance staff since the fourth quarter of last year to study the reasons behind the increased mortality of abalones.
Chief executive officer Yu De Hua agreed to step down as CEO and legal representative of the Chinese subsidiaries and the handover is expected to complete soon.
Dr Ng said he would like to have two different persons for the role of the legal representative and that of the CEO.
Si Bo...Wa Kon Liao lohh...good for speculation. For more info - see pg 4
http://forum.channelnewsasia.com/showthread.php?15796-Oceanus-hopes-to-be-profitable-again-in-2013/page4
It is also not a bad thinking why is so cheap??????
Tanks farming of abalone can die so many and dont know why and what is the cause ?????
Should question the new CEO and the OLD CEO in AGM ??????
baberic ( Date: 21-Nov-2011 08:00) Posted:
|
teeth53 - On sharing info and my thot.
Abalone come alife. +0.008 to closed @0.078 cents on vol-36,288,000 million shr changed hands.
Oceanus group was once, target for takeover when price was floating between 28c to 32c. now this business of who takeover is not going to happen liao till 2013 (at least). I believe owner would not want to sell now as well.
Till it happen, will it's turn around be successful?. Will or will not?. I post, U decide.
Abalone come alife. +0.008 to closed @0.078 cents on vol-36,288,000 million shr changed hands.
Oceanus group was once, target for takeover when price was floating between 28c to 32c. now this business of who takeover is not going to happen liao till 2013 (at least). I believe owner would not want to sell now as well.
Till it happen, will it's turn around be successful?. Will or will not?. I post, U decide.
teeth53 ( Date: 21-Nov-2011 20:28) Posted:
|
Sori - typing error. Should add d word not, and read as this takeover business now this did not happen liao.
" now this did happen liao."
Seems to be something that it is not there...actually it's around, not seen by others players. Oni things is, in related term, a chance to speculate on a trading opportunities.
Speculation work fine and many long players will be happy today. It reflect some shine on players part. +ve.
it's cheap. It pessimistic vs optimistic players.
iPunter ( Date: 15-Nov-2011 11:11) Posted:
|
Becareful, of the works of illusion.
Abalone come alife. +0.008 to closed @0.078 cents on vol-36,288,000 million shr changed hands. Oceanus group was once, target for take over when price was floating between 28c to 32c, now this did happen liao.
Will it happen again when it's turn around is successful?.
Oceanus hopes to be profitable again in 2013
teeth53 ( Date: 20-Nov-2011 19:44) Posted:
|
long long long the long train alife
kill shortist time get ready
Shorts might die young if insurance claims are made and paid to Oceanus. Sorry for the error, my keyboard needs to be thrown away.LOL
Laulan ( Date: 21-Nov-2011 10:35) Posted:
|