Otto Marine   

Otto Marine is Ready to GO !!!

Otto Marine has tracked on muddy and soft roads, thus it waddles like a lame duck not knowing where to go.

Hello Otto, time to proceed to 9 cents.   You are waiting too long, vessels should move on strict schedules. Hahaha!

 

Hope more good news is coming ...  

CORRIGENDUM TO THE ANNOUNCEMENT ON THE INCORPORATION OF PT. GO MARINE INTERNATIONAL 

This is with reference to the announcement released on 22 May 2013 in relation to the incorporation of PT. Go Marine International (“GMI”).

The Company wishes to clarify that it owns only 49% instead of 100% of GMI. The balance 51% of GMI is held by an Indonesian entity known as PT. Bahtera Mega Cakrawala, which is not related to the Directors or the Company and its subsidiaries.

By Order of the Board

Michael See Kian Heng Executive Director & Group Chief Financial Officer

14 June 2013

 

Good sign , although marine don't seem to be in play .good news releasing soon ??? volume   mostly isin   last 15 mins

Hope more good news coming . staying above 8.6 willl test 9.1 very soon

  vested odd-lots

Blue-sky      ( Date: 02-Jun-2013 01:29) Posted: Has been busy with work. Market sentiment is poor due to Nikkei sell-down . Ship building is at the bottom and only way is up. after all the big shipyard reporting poor results , YZJ Cosco , JES also. I think has made positive changes and the new board has started to show results. i will add a little more on low and wait for industry to gain traction . now the play is on Energy , Oil & Gas. Property and 2nd line prop just over . 1-2 cycle it will come. at this price downside low : if clear 8.5 then 9.1 is next level. Mid long term will be better..Changes looks positive . Just my opinion. Vested odd lots at 82/83..will average up if clear 8.5 & 9.1 convincingly tenacious      ( Date: 01-Jun-2013 11:44) Posted: Another key change for the New Team.  Mr. Ng Quek Peng has been appointed as Non-Executive Independent Director of Otto Marine Ltd with effect from August 1, 2012. From Nov 2011 - Present, he served as Head, Corporate Clients Solutions - CIMB Bank Singapore, Feb 2009 - Oct 2011 as Head, South East Asia Region - GMR, Aug 2006 - Jan 2009 as Chief Representative China - Temasek Holdings Private Ltd. Responsible for maintaining strategic relationships with key government officials and sourcing investment opportunities. Back in Singapore in Mar 2008 as Managing Director, Portfolio Management. Duties include doing strategic review of the business and strategic direction of Temasek’s investee companies, market positioning, balance sheet management and merger and acquisition opportunities. From May 2003 - Jul 2006, he served as Founder of Halcyon Capital Pte Ltd, a consultancy company specialising in corporate restructuring, mergers and acquisitions, fund raising and private equity investment. Advisor, Group Finance of PSA International Pte Ltd from May 2003 - June 2004. Was responsible for the internal restructuring of the PSA Group to align its corporate structure with its operational structure, and assisted in the divestment of its non-core activities. Journey begins, ...... Blue-Sky, what is your take

 

Has been busy with work.

Market sentiment is poor due to Nikkei sell-down .

Ship building is at the bottom and only way is up. after all the big shipyard reporting poor results , YZJ Cosco , JES also.

I think has made positive changes and the new board has started to show results. i will add a little more on low and wait for industry to gain traction . now the play is on Energy , Oil & Gas. Property and 2nd line prop just over . 1-2 cycle it will come.

at this price downside low : if clear 8.5 then 9.1 is next level.

Mid long term will be better..Changes looks positive .

Just my opinion. Vested odd lots at 82/83..will average up if clear 8.5 & 9.1 convincingly

tenacious      ( Date: 01-Jun-2013 11:44) Posted: Another key change for the New Team.  Mr. Ng Quek Peng has been appointed as Non-Executive Independent Director of Otto Marine Ltd with effect from August 1, 2012. From Nov 2011 - Present, he served as Head, Corporate Clients Solutions - CIMB Bank Singapore, Feb 2009 - Oct 2011 as Head, South East Asia Region - GMR, Aug 2006 - Jan 2009 as Chief Representative China - Temasek Holdings Private Ltd. Responsible for maintaining strategic relationships with key government officials and sourcing investment opportunities. Back in Singapore in Mar 2008 as Managing Director, Portfolio Management. Duties include doing strategic review of the business and strategic direction of Temasek’s investee companies, market positioning, balance sheet management and merger and acquisition opportunities. From May 2003 - Jul 2006, he served as Founder of Halcyon Capital Pte Ltd, a consultancy company specialising in corporate restructuring, mergers and acquisitions, fund raising and private equity investment. Advisor, Group Finance of PSA International Pte Ltd from May 2003 - June 2004. Was responsible for the internal restructuring of the PSA Group to align its corporate structure with its operational structure, and assisted in the divestment of its non-core activities. Journey begins, ...... Blue-Sky, what is your take  Blue-sky      ( Date: 19-Apr-2013 00:44) Posted: Otto was bad paymaster .. that is true. BUT that is past. When to invest depends on your risk appetite . The New Team is in .So there better be change ..Deals are rolling in ..A GOOD CHANGE. i will jump in now at a smaller qty .. and load up if things looks correct. If wait until all clear up ..likely will buy at 13 cents onwards .

 

Last Monday this news went unnoticed by the BBs.

MISCELLANEOUS :: OTTO'S SHIPYARD SOLD A ROV SUPPORT VESSEL FOR US$50 MILLION May 27 2013 05:09:31 AM

This sale brings in a huge chunk of money.   I think BBs quietly bought   and it should climb soon.

 

Brudder, any dividends announce. So far no movement with this BBs. Yesterday i have to cut lost for another BBs. Otto closed lower maybe like blue-sky said, will buy some if drop further.

 

Another key change for the New Team. 

Mr. Ng Quek Peng has been appointed as Non-Executive Independent Director of Otto Marine Ltd with effect from August 1, 2012. From Nov 2011 - Present, he served as Head, Corporate Clients Solutions - CIMB Bank Singapore, Feb 2009 - Oct 2011 as Head, South East Asia Region - GMR, Aug 2006 - Jan 2009 as Chief Representative China - Temasek Holdings Private Ltd. Responsible for maintaining strategic relationships with key government officials and sourcing investment opportunities. Back in Singapore in Mar 2008 as Managing Director, Portfolio Management. Duties include doing strategic review of the business and strategic direction of Temasek’s investee companies, market positioning, balance sheet management and merger and acquisition opportunities. From May 2003 - Jul 2006, he served as Founder of Halcyon Capital Pte Ltd, a consultancy company specialising in corporate restructuring, mergers and acquisitions, fund raising and private equity investment. Advisor, Group Finance of PSA International Pte Ltd from May 2003 - June 2004. Was responsible for the internal restructuring of the PSA Group to align its corporate structure with its operational structure, and assisted in the divestment of its non-core activities.

Journey begins, ...... Blue-Sky, what is your take 

Blue-sky      ( Date: 19-Apr-2013 00:44) Posted: Otto was bad paymaster .. that is true. BUT that is past. When to invest depends on your risk appetite . The New Team is in .So there better be change ..Deals are rolling in ..A GOOD CHANGE. i will jump in now at a smaller qty .. and load up if things looks correct. If wait until all clear up ..likely will buy at 13 cents onwards .

 

  JMS, wow so many company announcements

The Board of Directors of Otto Marine Limited (the “Company”) wishes to announce that its ninety percent (90%) owned subsidiary, Go Marine Ship Management (M) Sdn. Bhd., has incorporated a wholly-owned subsidiary, the details of which are stated below:

 

Name of Company :          Go Spica Pte. Ltd

Paid up Share Capital :                  US$1,000

Principal Activity.: Owning and chartering of vessels including offshore support vessels for domestic and international sea transportation (including as operator) and related activities

Place of incorporation :                Malaysia

Date of Incorporation :  29 May 2013

 

The Company also wishes to announce that its wholly-owned subsidiary, Marlin Fleet Pte. Ltd., has incorporated a wholly-owned subsidiary, the details of which are stated below:

Name of Company :          Deep Sea 3 (MI) Limited

Paid up Share Capital :                  US$1

Principal Activity :              Owning and chartering of vessel

Place of incorporation :                Marshall Islands

Date of Incorporation :  6 May 2013

 

The investment in the above subsidiaries is funded through internal resources and is not expected to have any material financial impact on the consolidated net tangible assets per share or consolidated earnings per share of the Company and the Group for the current financial year ending 31 December 2013.

 

By Order of the Board

Michael See Kian Heng Executive Director and Group Chief Financial Officer

29 May 2013

JMS213      ( Date: 21-May-2013 10:57) Posted: AGM is coming 31 May 2013, something good for shareholders .....and company announcement.

 

Guess the BBs is preparing the way for the AGM. Recent announcement

The Board of Directors of Otto Marine Limited (the “Company”) wishes to announce that its subsidiary, Otto Ventures Pte. Ltd., has incorporated a wholly-owned subsidiary, details of which are stated below:

Name of Company :   PT. Go Marine International

Paid up Share Capital :   US$1,000,000.00

Principal Activity :   Owing and chartering of vessels include offshore support vessels for domestic and international sea transportation (include as operator) and its related activities 

Place of incorporation :   Indonesia

Date of Incorporation :   21 May 2013 

The investment in the above subsidiary is funded through internal resources and is not expected to have any material financial impact on the consolidated net tangible assets per share or consolidated earnings per share of the Company and the Group for the current financial year ending 31 December 2013.

By Order of the Board

See Kian Heng Executive Director & Group Chief Financial Officer

22 May 2013

 

You asked a very good question. I agreed with Veteran Fox " Please share info here after AGM" ... JMS you bottom fish again. Watch and see

They are preparing the power point now for the presentation. 

 

Any dividends coming?

JMS213      ( Date: 16-May-2013 09:39) Posted: Otto Marine returns to the black in Q1 mark the turning point for the BBs Another key significant event taking shape, the sleeping beauty is waking up .... announcement is coming soon.

 

Pls share info here after AGM, tks.

 

hard to know when BB when move this up .... maybe until collection complete, good luck

 

AGM is coming 31 May 2013, something good for shareholders .....and company announcement.

 

JM, not hearing from you for sometime... so what is new in Otto Marine ?

 

It is about time to get ready for the SHIP to move. Ahoy !!

 

Otto Marine returns to the black in Q1 mark the turning point for the BBs

Another key significant event taking shape, the sleeping beauty is waking up .... announcement is coming soon.  

 

Otto Marine returns to the black in Q1

Otto Marine on Monday posted a net profit of US$279,000 (S$345,000) for the first quarter ended March 31, 2013, reversing net losses of US$9 million a year ago.  This was driven by contributions from the sale of a vessel and higher vessel use, as well as reduced losses in the geophysical segment, it said.  Revenue climbed 12.2 per cent year-on-year to US$134.4 million, while earnings per share for the quarter improved to 0.01 US cent, from losses per share of 0.48 US cents a year ago.  Otto Marine said global economic conditions of the shipbuilding industry remained challenging.

 

UPRR18,

Told you I looking at other stocks, don't worry when the charming prince appears sleeping beauty will rise ..... 

You should be seeing or hearing something real soon. Adieu 

 

ji hao xiao, what expect the unexpected ... no movement, ..... beauty yes, .... sleeping beauty lor. Last time i buy, made some losses. lucky run fast otherwise stuck... better see breadtalk