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With descend and now at 5cts, after the exercise the BB is liquid can float. When commodity ready to move, next in line will be vessels. I am looking at medium term. Guess nothing to lose if I am accumulating now. Well this is my personal opinion.
got what to lose? how bout money?
tenacious ( Date: 11-Jul-2013 22:13) Posted:
| Bro, look carefully .... it is a ship also known as " SUBMARINE" . It is on a mission, once ready it will emerge GLORIOUS. No need to run .. stay the course. What have you got to lose ?? |
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Bro, look carefully .... it is a ship also known as " SUBMARINE" . It is on a mission, once ready it will emerge GLORIOUS. No need to run .. stay the course. What have you got to lose ??
The rights trade at 0.001! Any advise? Can buy?
Sinking Ship, better run!
Good news !!! It is happening ... I'm sure this sector is moving soon
Orders to U.S. Factories Rise on Demand for Machinery, Computers |
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I agreed, the market has over reacted. Sector is said to be warming up. Vested for the medium term to reap profits when the sector recovered ... Cheers
oldflyingfox ( Date: 01-Jul-2013 16:42) Posted:
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I think market has over react today, not forgetting that the controlling shareholder (also the CEO) will takes up the rights issue, he hold more than 60% of the total shares. |
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this bb koh lian drop until so low. bro, did you collect a lot ... this sector is improving. i pray it will bounce up. huat ah !!
maybe got chance let it sell, let it sell, sell, sell, sell .....
Bro, I have collected at 5.8cts, don't take chance over 0.1cts already the drop is good enough. Buy now before the portal window closes, ... worst if the mkt whack upward ... never know. Cheers
UPRR18 ( Date: 03-Jul-2013 15:41) Posted:
bro been q4 5.7cts and the market not moving down. today is the last for the rts, not sure can get it. if they are kan cheong they will sell. look like the bb is stabilising, unless can knock it down. 
T2LE56 ( Date: 03-Jul-2013 09:09) Posted:
Just did a quick calcalution, the average price after the right is around 5.55cts. If those people panic, we should buy now !!! |
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bro been q4 5.7cts and the market not moving down. today is the last for the rts, not sure can get it. if they are kan cheong they will sell. look like the bb is stabilising, unless can knock it down.
T2LE56 ( Date: 03-Jul-2013 09:09) Posted:
Just did a quick calcalution, the average price after the right is around 5.55cts. If those people panic, we should buy now !!! |
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Just did a quick calcalution, the average price after the right is around 5.55cts. If those people panic, we should buy now !!!
Yesterday another BB over-reacted after a trading halt, when the dust settled when back up. No wonder people like to say " Window of Opportunity" . Haha today still at 5.8cts. Cheers
Haha whenever i see a situation like this ... over react, to me it is a tremendous opportunity to buy. For the first time the BB's financial is positive and market is turning around. They are doing the right thing to buffer with cash and grow the business. Vested ... hope today can buy at a steal. Cheers
oldflyingfox ( Date: 01-Jul-2013 16:42) Posted:
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I think market has over react today, not forgetting that the controlling shareholder (also the CEO) will takes up the rights issue, he hold more than 60% of the total shares. |
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Group announced a sale & leaseback agreement for $50m to Ry Offshore Ltd for its multi-purpose field support and ROV support vessel. The vessels will be chartered to Otto's subsidiary Go Marine Group after the sale. Separately, Otto proposed a renounceable 45-for-100 rights issue of 1,280.8m shares at an exercise price of $0.05 per rights share. Net proceeds of $62.8m will be solely used for repayment of bank borrowings to reduce its gearing.
I think market has over react today, not forgetting that the controlling shareholder (also the CEO) will takes up the rights issue, he hold more than 60% of the total shares.
Really? Look like is not really to go. Vested in the wrong counter!!
Is it oversold now? down 22% to 6.1 cts now. Will it go to right issue price of 5cts? I understand that there are 2 more ships going to be sold which will bring in more than 100 millions in a few months time.
The Board of Directors of Otto Marine Limited (the “Company”) is pleased to announce that its shipyard
has, through one of the Company’s wholly-owned subsidiaries (the “Seller”), sold a Multi-purpose Field
Support and ROV Support Vessel (the “Vessel”) to RY Offshore Limited (the “Buyer”) for an aggregate
consideration of approximately US$50 million. Upon completion of the sale, the Buyer will charter the vessel to the Company’s subsidiary, Go Marine Group Pty Ltd
more to come.... consolidating.. still undervalued. Vested
Yeah. The industry is shaping up and regrouping. We should be seeing more development coming up. Cheers
