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PI already injected funds rotation play. Await results.
oldflyingfox ( Date: 06-Nov-2013 10:22) Posted:
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A sudden interest today, if could closed above 0.056 today with good volume, it will break the downtrend channel and form a new direction. Looking positive at the moment. |
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A sudden interest today, if could closed above 0.056 today with good volume, it will break the downtrend channel and form a new direction. Looking positive at the moment.
It set an astronomical new record for an AHTS vessel. Otto Marine said - SOLD two (2) vessels to an Indonesian firm,
PT Go Marine Int'l,
in which it has a 49% stake. Deep Sea 1, built at Otto Marine?s Batam yard, was sold for $95m, while an AHTS, Go Riegel, was sold for $25m.
The
sales will help pay back bank loans, Otto Marine said in a release.
if you want can provide the link ....
http://seashipnews.com/news_content.php?fid=3w3c1535
Otto is post for breakout beyong 6cents. Wishes all vested players huat huat...arhh. :)
Wow shooters so strong
Bro, it is highlighted for you who said it ...
" $95m could buy you a VLCC and an aframax tanker, it does seem rather high," commented one Hong Kong broker on hearing the price of Deep Sea 1, a vessel, which according to Otto Marine's site was not on charter. [04/11/13]Please read the heading ... if you want can provide the link ....
http://seashipnews.com/news_content.php?fid=3w3c1535
tenacious ( Date: 05-Nov-2013 09:52) Posted:
Have to be mindful of their practice. SGX has queried them on many account ... for those who are investing ... BEWARE. Otto Marine?s curious $95m AHTS sale Singapore : In a pair of releases to the Singapore Stock Exchange late Friday, either local offshore firm missed a crucial decimal point or else it set an astronomical new record for an AHTS vessel. Otto Marine said it has sold two vessels to an Indonesian firm, PT Go Marine International, in which it has a 49% stake. Deep Sea 1, built at Otto Marine's Batam yard, was sold for $95m, while an AHTS, Go Riegel, was sold for $25m. The sales will help pay back bank loans, Otto Marine said in a release. " $95m could buy you a VLCC and an aframax tanker, it does seem rather high," commented one Hong Kong broker on hearing the price of Deep Sea 1, a vessel, which according to Otto Marine's site was not on charter. [04/11/13] |
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Technically, if it could close at least 0.057 in the next 3 days, it would mark the end of the downtrend started beginning Oct.
You seems to be particularly intend to put very negative point " cooking the book" on this counter, you are hoping to buy low is it?
You should have this comments on Blumont, Asiason...etc in very early days before it collapsed if you are proven accurate.
My view is still very positive on this counter. Simple reasons, look at the performance of the similar trade results announcement.
tenacious ( Date: 05-Nov-2013 09:56) Posted:
Have you heard of " Cook The Books" ???
Investopedia explains " Cook The Books" During the first couple of years of the new millennium, large Fortune 500 companies such as Enron and WorldCom were found to have been cooking the books to improve their financial figures. The resulting scandals gave investors and regulators a rude awakening concerning the reality that companies were hiding the ugly truth between the lines of financial data. |
viewpt ( Date: 04-Nov-2013 16:50) Posted:
I support your view, coming results will tell the direction. I believe the results will be good.
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Interesting !!! Otto Marine Signs MOAs to Sell 2 AHTS Vessels for $120M
by Rigzone Staff
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Monday, November 04, 2013
Singapore's offshore support vessels provider Otto Marine Limited announced Friday that its wholly owned subsidiary, Deep Sea 1 Pte. Ltd. (DS1PL) has entered into a Memorandum of Agreement (MOA) to sell an anchor handling tug and support (AHTS) vessel, DEEP SEA 1, to PT GO Marine International (GMI), a company incorporated in Indonesia in which it owns 49 percent for $95 million. The sale of DEEP SEA 1, built at Otto Marine's shipyard in Batam, Indonesia, will reduce its inventory on hand. " The MOA has no legal or binding effect, and it does not purport to create any legal relations other than to provide a period for the parties to negotiate and enter into formal binding contracts," Otto Marine said in an announcement on the Singapore Exchange. Separately, Otto Marine reported that its subsidiary Go Rigel Private Limited has signed a MOA to dispose off one of its AHTS vessel - GO RIGEL - to PT GO Marine International, a company incorporated in Indonesia in which it owns 49 percent for $25 million. |
Have you heard of " Cook The Books" ???
Investopedia explains " Cook The Books" During the first couple of years of the new millennium, large Fortune 500 companies such as Enron and WorldCom were found to have been cooking the books to improve their financial figures. The resulting scandals gave investors and regulators a rude awakening concerning the reality that companies were hiding the ugly truth between the lines of financial data. |
viewpt ( Date: 04-Nov-2013 16:50) Posted:
I support your view, coming results will tell the direction. I believe the results will be good.
moneyplant ( Date: 04-Nov-2013 16:17) Posted:
| Insightful analysis, extremely well written. Rotation play of penny stocks will predominate, given sentiments going now |
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Have to be mindful of their practice. SGX has queried them on many account ... for those who are investing ... BEWARE.
Otto Marine?s curious $95m AHTS sale
Singapore : In a pair of releases to the Singapore Stock Exchange late Friday, either local offshore firm missed a crucial decimal point or else it set an astronomical new record for an AHTS vessel. Otto Marine said it has sold two vessels to an Indonesian firm, PT Go Marine International, in which it has a 49% stake. Deep Sea 1, built at Otto Marine's Batam yard, was sold for $95m, while an AHTS, Go Riegel, was sold for $25m.
The sales will help pay back bank loans, Otto Marine said in a release.
" $95m could buy you a VLCC and an aframax tanker, it does seem rather high," commented one Hong Kong broker on hearing the price of Deep Sea 1, a vessel, which according to Otto Marine's site was not on charter. [04/11/13]
If you look at Otto's announcements in 2011 and 2012, they gave profit warning prior to releasing their results. I haven't seen them giving profit warning for the upcoming Q3 results. So, i think the result should be hopefully good.
viewpt ( Date: 04-Nov-2013 16:50) Posted:
I support your view, coming results will tell the direction. I believe the results will be good.
moneyplant ( Date: 04-Nov-2013 16:17) Posted:
| Insightful analysis, extremely well written. Rotation play of penny stocks will predominate, given sentiments going now |
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I support your view, coming results will tell the direction. I believe the results will be good.
moneyplant ( Date: 04-Nov-2013 16:17) Posted:
Insightful analysis, extremely well written. Rotation play of penny stocks will predominate, given sentiments going now.
nngeeh ( Date: 04-Nov-2013 12:15) Posted:
Actually, i also see plenty of potential for this counter. Otto was building 4 AHTS (Deep Sea) since 2010 which got delayed. it had impacted their financial in 2011 & 2012. However, 3 Deep Sea had been completed this year (which i believe one was sold at $95M below) and the last unit will be completed in Q1 2014. This will free up their shipyard for other shipbuiding which before 2011 was constributing at least 40mil per year. In year 2011 and 2012, the shipbuilding portion was in the red (around 30mi loses) due to the construction of Deep Sea. So, overall, year 2011 & 2012 were bad because of the Deep Sea construction delays. So, without the Deep Sea construction, hopefully, it'll go back to profitability. If it does, there is a huge upsize (the NAV is 0.11 cents, and the current price is only 0.056). Their coming Q3 report should show the signs whether it is really turning around.
2008 - 40 mil profit, 2009 - 36Mil profit, 2010 - 30mil profit, 2011 - 52mil loses, 2012 - 103.1 mil loses, 1H2013 - 19.7 mil profit
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No point. Otto is still in very icy cold waters. Engine jammed somewhat, lol.
moneyplant ( Date: 04-Nov-2013 16:17) Posted:
Insightful analysis, extremely well written. Rotation play of penny stocks will predominate, given sentiments going now.
nngeeh ( Date: 04-Nov-2013 12:15) Posted:
Actually, i also see plenty of potential for this counter. Otto was building 4 AHTS (Deep Sea) since 2010 which got delayed. it had impacted their financial in 2011 & 2012. However, 3 Deep Sea had been completed this year (which i believe one was sold at $95M below) and the last unit will be completed in Q1 2014. This will free up their shipyard for other shipbuiding which before 2011 was constributing at least 40mil per year. In year 2011 and 2012, the shipbuilding portion was in the red (around 30mi loses) due to the construction of Deep Sea. So, overall, year 2011 & 2012 were bad because of the Deep Sea construction delays. So, without the Deep Sea construction, hopefully, it'll go back to profitability. If it does, there is a huge upsize (the NAV is 0.11 cents, and the current price is only 0.056). Their coming Q3 report should show the signs whether it is really turning around.
2008 - 40 mil profit, 2009 - 36Mil profit, 2010 - 30mil profit, 2011 - 52mil loses, 2012 - 103.1 mil loses, 1H2013 - 19.7 mil profit
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Insightful analysis, extremely well written. Rotation play of penny stocks will predominate, given sentiments going now.
nngeeh ( Date: 04-Nov-2013 12:15) Posted:
Actually, i also see plenty of potential for this counter. Otto was building 4 AHTS (Deep Sea) since 2010 which got delayed. it had impacted their financial in 2011 & 2012. However, 3 Deep Sea had been completed this year (which i believe one was sold at $95M below) and the last unit will be completed in Q1 2014. This will free up their shipyard for other shipbuiding which before 2011 was constributing at least 40mil per year. In year 2011 and 2012, the shipbuilding portion was in the red (around 30mi loses) due to the construction of Deep Sea. So, overall, year 2011 & 2012 were bad because of the Deep Sea construction delays. So, without the Deep Sea construction, hopefully, it'll go back to profitability. If it does, there is a huge upsize (the NAV is 0.11 cents, and the current price is only 0.056). Their coming Q3 report should show the signs whether it is really turning around.
2008 - 40 mil profit, 2009 - 36Mil profit, 2010 - 30mil profit, 2011 - 52mil loses, 2012 - 103.1 mil loses, 1H2013 - 19.7 mil profit
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Actually, i also see plenty of potential for this counter. Otto was building 4 AHTS (Deep Sea) since 2010 which got delayed. it had impacted their financial in 2011 & 2012. However, 3 Deep Sea had been completed this year (which i believe one was sold at $95M below) and the last unit will be completed in Q1 2014. This will free up their shipyard for other shipbuiding which before 2011 was constributing at least 40mil per year. In year 2011 and 2012, the shipbuilding portion was in the red (around 30mi loses) due to the construction of Deep Sea. So, overall, year 2011 & 2012 were bad because of the Deep Sea construction delays. So, without the Deep Sea construction, hopefully, it'll go back to profitability. If it does, there is a huge upsize (the NAV is 0.11 cents, and the current price is only 0.056). Their coming Q3 report should show the signs whether it is really turning around.
2008 - 40 mil profit, 2009 - 36Mil profit, 2010 - 30mil profit, 2011 - 52mil loses, 2012 - 103.1 mil loses, 1H2013 - 19.7 mil profit
seems like u have a lot of faith in this counter. if not a lot of money in it
Source: http://seashipnews.com/news_content.php?fid=3w3c1535
Otto Marine?s curious $95m AHTS sale
Record setting AHTS transaction price. Turning point in books.
Singapore: In a pair of releases to the Singapore Stock Exchange late Friday, either local offshore firm missed a crucial decimal point or else it set an astronomical new record for an AHTS vessel. Otto Marine said it has sold two vessels to an Indonesian firm, PT Go Marine International, in which it has a 49% stake. Deep Sea 1, built at Otto Marine?s Batam yard, was sold for $95m, while an AHTS, Go Riegel, was sold for $25m.
The sales will help pay back bank loans, Otto Marine said in a release.
Looking for market reactions on Tuesday! Happy holiday!
[img]http://www.freelogovector.com/gallery/t/Tory-Burch-freelogovector.jpg[/img]
Inflexion point
