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NAV is 11 cents ??? Then the fair value should be above 8 cents...Hope for BB to come in...
Maller ( Date: 14-Aug-2013 09:08) Posted:
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Latest results quite good. Nav about 11 cents. With the current price, my personal view is a steal. |
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Movement seen
brunica ( Date: 14-Aug-2013 13:05) Posted:
Tomique ( Date: 14-Aug-2013 12:38) Posted:
I am banking on this counter to reach 10 cents from above which they have fallen pre-first rights and pre-second rights.
Waiting for some funds to come in and whack 1000 lots. Buying between an average of 4.9 cents to 5.5 cents per share.
Target to sell will be 9 to 9.5 cents. Waohahaha! |
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Tomique ( Date: 14-Aug-2013 12:38) Posted:
I am banking on this counter to reach 10 cents from above which they have fallen pre-first rights and pre-second rights.
Waiting for some funds to come in and whack 1000 lots. Buying between an average of 4.9 cents to 5.5 cents per share.
Target to sell will be 9 to 9.5 cents. Waohahaha!
oldflyingfox ( Date: 14-Aug-2013 10:36) Posted:
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By next week, it should be clear whether it has hit bottom and the trend has changed. |
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I am banking on this counter to reach 10 cents from above which they have fallen pre-first rights and pre-second rights.
Waiting for some funds to come in and whack 1000 lots. Buying between an average of 4.9 cents to 5.5 cents per share.
Target to sell will be 9 to 9.5 cents. Waohahaha!
oldflyingfox ( Date: 14-Aug-2013 10:36) Posted:
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By next week, it should be clear whether it has hit bottom and the trend has changed. |
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By next week, it should be clear whether it has hit bottom and the trend has changed.
Hope that NextInsight could write a good article on Otto Marine :)
Share price still weak leh...Only up 0.001 now :) How come still so many selling?
http://infopub.sgx.com/FileOpen/Otto_Marine_Limited_PPT_2Q2013_14_August_2013.ashx?App=Announcement& FileID=252192
Yes, a turning point now.
Latest results quite good. Nav about 11 cents. With the current price, my personal view is a steal.
No suspension is imminent, but there is sign of no support owing to unknown factors. So far, no clear writings are on the walls, but the counter is falling on a daily basis and this usually points to something to be dreaded... Chweers.
moneyplant ( Date: 12-Aug-2013 15:46) Posted:
Support that its a different animal altogether one deals with abalone the other is offshore support haha.
Otto marine suspension where you got wind of such sensitive information?
Plain rumour and fear mongering?
Cheers!
Tomique ( Date: 12-Aug-2013 14:48) Posted:
Different, different.
Oceanus voluntarily ask for suspension. Once investigation over, they will report to the shareholders whether anything really did happen and is there any losses from such occurrence.
Otto marine may be suspended if they are found to have suspected to be doing some thing not acceptable as someone pointed and complained here earlier. If suspension is a result of intended or suspected malpractice, things could get different...e.g cpib, cad, mas, sgx lah, all will come in and things like these will be bad for the whole market...i.e. every counter in SGX will be affected.
So hope nothing wrong is happening... |
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Support that its a different animal altogether one deals with abalone the other is offshore support haha.
Otto marine suspension where you got wind of such sensitive information?
Plain rumour and fear mongering?
Cheers!
Tomique ( Date: 12-Aug-2013 14:48) Posted:
Different, different.
Oceanus voluntarily ask for suspension. Once investigation over, they will report to the shareholders whether anything really did happen and is there any losses from such occurrence.
Otto marine may be suspended if they are found to have suspected to be doing some thing not acceptable as someone pointed and complained here earlier. If suspension is a result of intended or suspected malpractice, things could get different...e.g cpib, cad, mas, sgx lah, all will come in and things like these will be bad for the whole market...i.e. every counter in SGX will be affected.
So hope nothing wrong is happening...
brunica ( Date: 12-Aug-2013 13:51) Posted:
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It s going to follow OCEANUS path I think.. going to get suspended soon |
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Different, different.
Oceanus voluntarily ask for suspension. Once investigation over, they will report to the shareholders whether anything really did happen and is there any losses from such occurrence.
Otto marine may be suspended if they are found to have suspected to be doing some thing not acceptable as someone pointed and complained here earlier. If suspension is a result of intended or suspected malpractice, things could get different...e.g cpib, cad, mas, sgx lah, all will come in and things like these will be bad for the whole market...i.e. every counter in SGX will be affected.
So hope nothing wrong is happening...
brunica ( Date: 12-Aug-2013 13:51) Posted:
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It s going to follow OCEANUS path I think.. going to get suspended soon |
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It s going to follow OCEANUS path I think.. going to get suspended soon
Beware and don't keep too much. These sorts of counters/managements show sign languages already. Many of them went down the road to be out cold. Be careful again....
Tanahkow ( Date: 12-Aug-2013 13:12) Posted:
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performing worst than the right issues...lousy shares... |
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performing worst than the right issues...lousy shares...
They have been selling vessels to related co then related co lease to subsidiary. Very much round tripping. S.hall see the estimated earning on the 14 August, Thursday
Not surprise Listing, " Go Malaysia"
Listing ( Date: 18-Apr-2013 12:12) Posted:
| Bb not interested in the parent. You see them enter the Malaysian subsidiary and subsequently will list it. Just a caution. not vested. |
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I have said I don't want to comment, but UPRR18 and T2LE56 pm me that they have difficulty posting, not sure why..
When Good Men Do Nothing by Wayne Greeson
" All that is necessary for the
triumph of evil is that good men do nothing." (Edmund Burke)
Source:
http://infopub.sgx.com/FileOpen/Otto_Marine_Limited_Announcement_Use_of_Rights_Issue_Proceeds_7_August_2013.ashx?App=Announcement& FileID=251440
moneyplant ( Date: 07-Aug-2013 22:53) Posted:
This might be of interest , and its timely per se for clarification. Unless otherwise defined, all capitalised terms used herein shall bear the same meaning as in the offer
information statement dated 10 July 2013 (“Offer Information Statement ” or “OIS ”) issued by Otto
Marine Limited (“Company ”) in relation to the Company’s fully underwritten renounceable rights issue
(“Rights Issue ”).
The Company wishes to announce that the Company has utilised 100% of its Net Proceeds of S$62.8
million from the Rights Issue to repay its outstanding bank loan, thereby reducing the levels of leverage
and gearing ratio of the Group.
None of the Net Proceeds was used for working capital purposes.
Source:Otto_Marine_Limited_Announcement_Use_of_Rights_Issue_Proceeds_7_August_2013.pdf
moneyplant ( Date: 07-Aug-2013 18:03) Posted:
No use ranting here, If you got evidence can feedback to the relevant authorities. Protect your own interest, its your money your voice.
正 所 谓 会 哭 的 小 孩 有 奶 吃 ！ The kid that kowpeh will get to drink milk!
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This might be of interest , and its timely per se for clarification.
Unless otherwise defined, all capitalised terms used herein shall bear the same meaning as in the offer
information statement dated 10 July 2013 (“Offer Information Statement ” or “OIS ”) issued by Otto
Marine Limited (“Company ”) in relation to the Company’s fully underwritten renounceable rights issue
(“Rights Issue ”).
The Company wishes to announce that the Company has utilised 100% of its Net Proceeds of S$62.8
million from the Rights Issue to repay its outstanding bank loan, thereby reducing the levels of leverage
and gearing ratio of the Group.
None of the Net Proceeds was used for working capital purposes.
Source:Otto_Marine_Limited_Announcement_Use_of_Rights_Issue_Proceeds_7_August_2013.pdf
moneyplant ( Date: 07-Aug-2013 18:03) Posted:
No use ranting here, If you got evidence can feedback to the relevant authorities. Protect your own interest, its your money your voice.
正 所 谓 会 哭 的 小 孩 有 奶 吃 ！ The kid that kowpeh will get to drink milk!
Tomique ( Date: 07-Aug-2013 08:40) Posted:
The big difference between Singapore stock investors and investors from other markets.
An attendance at any AGM will tell you the same old stereotype Singaporean in the street who are not bothered about anything affecting their finances, society and future. As long as they thought they still have their 3 square meals today and tomorrow, just let things be. This is how and why we as a whole are easily cheated if someone has the guts to do it. Shareholders seldom question the board at AGMs or EGMs and just as they used to be timid and obedience and fearful of the limelight or afraid of making mistakes, they will accept anything thrown to them. This " bo charp" attitude has simmered down the spines of the majority, so much so that we die without knowing why.
If the directors are suspected of under-declaring or undervaluing the assets " sold" or " transferred to some linked parties" then they should request full disclosure either via complaints to the authorities.
Just thinking aloud....
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