Otto Marine   

Otto Marine is Ready to GO !!!

JMS,

Expect the unexpected. HAHA ...  

 

We are right on track, " Better global outlook could boost S'pore exports ..... they didn't revise their GDP forecast downwards suggests that they expect the following quarters to pick up ...   "

The recent sell down, allows buying in. It is apparent that sellers are using their financial muscle to depress the shares, there is no stocks available in  CFD trading  to short and even if there is the finance charges is relatively high ..... it has to be BIG BOYS at work.

Apparently the BIG boys is cornering the market and it is definitely wanting to profit from the move.   If the BBs is set to rise it will and it is a matter of time, we should focus on other stocks .... 

 

 

RSI is oversold and more tell tale signs are indicating OTTO  is turning around and the new team is at the helm to steer the SHIP to infinity and beyond. The best is yet to come !!!

REFLECT GEOPHYSICAL PTE. LTD.

Further to the announcements dated 1 February 2013, 5 February 2013, 19 February 2013, 21 February 2013, 22 February 2013, 5 April 2013 and 17 April 2013, the Board of Directors of Otto Marine Limited (the “Company”) wishes to announce that it has been informed by its subsidiary, Reflect Geophysical Pte. Ltd. (“Reflect”), on the following development:-

The hearing date for the application for leave to discontinue the judicial management order has been fixed on 23 April 2013.

The Company will make further appropriate announcement(s) as and when there are material developments on this matter. Shareholders are advised to exercise caution while trading in shares of the Company and refrain from taking any action in respect of their shares which may be prejudicial to their interests.

The directors of the Company have taken all reasonable care to ensure that the facts stated in this announcement are fair and accurate in all material aspects as at the date hereof and that no material facts have been omitted from this announcement, and they jointly and severally accept responsibility accordingly.

By Order of the Board

See Kian Heng Executive Director and Group Chief Financial Officer 18 April 2013

 

 

  Try to paste cause the previous attachment does not appear. Hope this is ok

 

Hi Jomini, with the help of my friend, managed to paste it. Cheers

 

 

Let’s put things in perspective, only 1 out of many Otto’s subsidiaries is having problem. JM is for viable company else wind up.

" Notwithstanding Reflect’s judicial management application, the Company wishes to confirm that it is able to continue as a going concern due to the following reasons:

(a)  the Company is not dependent on Reflect for any cashflow to sustain its operations, payment of its debts or for any other purposes and

(b)  the Company's other main business segments are not intertwined with Reflect's business of provision of seismic and geophysical services to its customers

I'm confidence with the new team, the turnaround is evident. Malaysia is the right thing to go in, JB is like " Shenzhen" industrial region to HK. With the Billions $$$$ from Singapore pouring in and the developing of port there. Goods likely to be shipped out from there.

Right decision OTTO ..... GO MALAYSIA !!! 

 

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 . 

 

Might take Otto Marine a long time to recover. Heard from friends in the industry, they will not pay their suppliers until a lawyer's letter had been received.  Otto Marine not a good pay master.  Which may suggest they are having some cash flow issues.  Furthermore, unable to build strong relation with suppliers, this may affect their ability to deliver quality products.  I am seriously considering this stock even though the new guy from Keppel is joining them with overhaul of management.   

 

nah...couldnt find it

 

Jomini, did you manage to find the info?   I wish someone can tell me how to paste ? 

 

COOL, ......   BBs still have some touch up to do and putting on the new outfit, get ready ......... for the surprise

" Patience is bitter, but its fruit is sweet."   Jean-Jacques Rousseau



 

 

New to the platform, don't know how to attach the document. Let me know how ?

Target price is $0.13. I'm confidence we should see clear sky. Ahoy !!!

 

The TP is from Phillips security.

My friend just msg me the reason they moving into Malaysia is because there is Mega project, developing the eastern part of Johore, is taking shape...water is very deep for large vessels. Some you may have heard about it also.

 

Phillips, my friends shown me last week and got me interested and start look at yhe company. True enough the company has and is doing a lot of revamp and restructuring to the management team. They also trying to settle one subsidiary and getting it resolved. More news coming up ... wait and see

 

I'm sure about the listing Malaysia, I'm sure it is your assumption.

Technically the gap has been closed, who know you (the smart one) are queuing for it right now. When the market moves you will probably miss the opportunity. Don't wait... someone said when you compressed spring long enough, when it is released the price is going to jump.



Remember it had touched $0.099 before and this time is likely to cross the barrier.

Cheers 

 

 

dunno too. which brokerage? i ll try to find it myself

JMS213      ( Date: 18-Apr-2013 13:06) Posted: New to the platform, don't know how to attach the document. Let me know how ? Target price is $0.13. I'm confidence we should see clear sky. Ahoy !!!

 

Bro, I respect your view. Ultimate the market decide. Isn't that Wonderful !!! Cheers

 

Bro, 

Today BT " Flagging exports show some signs of recovery ..... "

The next time will be " Exports has recovered ...."

People who are in business told me when market recovered the very tell tale sign is shipping volume will pick up.   Since we are an aggregate port, ... East Coast Park will have many ships docking in the sea ...

When that happen the demand will go up and the rate also will shoot up due to a serious shortage.

 

New to the platform, don't know how to attach the document. Let me know how ?

Target price is $0.13. I'm confidence we should see clear sky. Ahoy !!!