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OCEANUS: Stock closed up 2.5 cents, or 7.6%, at 35.5 cents.
Oceanus (www.oceanus.com.sg) is the world's largest land-based abalone farm operator, with its assets largely on the coast of southern China.
Its chairman and single largest shareholder is Dr Ng Cher Yew, a Singaporean.
Dual listing: It has received approval from all relevant authorities for admission to trading on the Taiwan Stock Exchange (“TSE”) of Taiwan Depository Receipts (“TDR”).
Since the Group announced its intention to list TDR on 27 October 2009, it has submitted applications to and has obtained approvals from all relevant authorities such as TSE, Taiwan Central Bank (TCB), and more recently and critically, the Financial Supervisory Commission, Executive Yuan, and The Securities and Futures Bureau of Taiwan.
On some stock forums, the speculation is that shares of the TDRs will be listed at over 40 cents apiece.
it is time for this babe to run tomorrow .... will see, vested
Any opinion oceanus? Seems like there is quite a lot of buying yesterday and today. Appear in the top volume again.
Last half an hour of strong buying should push this counter back to 0.33-0.34 level tomorrow.. good for those who have got into this counter.. good luck.
This morning I heard on Channel New Asia, that Oceanus has been upgraded and target price 52 cents. What the heck, I bought this morning but it does not want to move. Maybe have to buy the abalones and eat myself...hahaha.
Oceanus Group, the land-based abalone breeder, says it has received approval from the Taiwan Stock Exchange and the Taiwan Central Bank to offer and list Taiwan Depository Receipts (TDRs), representing an aggregate of up to 200 million shares of the company.
Oceanus says it will now proceed to apply for approval from the Taiwan Financial Supervisory Commission, Executive Yuan, the Securities and Futures Bureau and the SGX.
17.11.09
OCEANUS WILL BE IN THE TOP VOLUME TODAY
Oceanus has been in oversold and appear to be in the making of upward reversal.
If you look at previous stochastic oversold position in early July before a strong upward surge the current stochastic is more deeply oversold and it has higher chance of reversing up.
Do watch this F1 stock.
did i post this in the wrong place? why does it say TR networks?
Hello!
I notice nobody seems to be lookin at this stock but there seems to be a lot of buying in the market..
anybody got any thoughts to share on this stock? sifus out therE?