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My friend, the fortune teller told me Ottomarine can buy, as the the name sounds like money all automatic coming. Lol.
Aside the fortune telling, frankly their " inter-segment" sector growing by more than 1,600%
in revenue speak well of the future, and now they can see this big opportunity, makes me think the fortune teller is right. I sure will buy for keep. HEHEHE.
teeth53 ( Date: 23-Feb-2012 22:43) Posted:
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Oor, so one cancelled, another bought for the cancellation? OK what. No big problem, still a sale for their services. The only important thing is make profit from the sale or make profit for the services, don't care who is paying for it, right?
zhixuen ( Date: 24-Feb-2012 11:04) Posted:
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Customer cancelled the order then Otto have to sell to another buyer lo.
Tomique ( Date: 24-Feb-2012 10:59) Posted:
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Company build vessels for sale?
Sold a vessel for US$28 million, got money to buy back shares, will they?
teeth53 ( Date: 23-Feb-2012 22:43) Posted:
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Of late more is punters playing on Otto Marine?. What happening after result is out..??. Down lehh...
| Otto Marine | CPF | Op-0.157 | Closed-0.144 | -0.014cts | -8.9% | 4,889,000 |
http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_A95A463605FD32C7482579AD003993FA/$file/Otto_Marine_Corrigendum_to_the_announcement_on_FullYearResult_23_Feb_2012.pdf?openelement
23-Feb-2012 18:55:21 --“Gross Profit -- The $86.9 million decrease in gross profit was primarily contributed by the shipbuilding, ship repair and conversion segment as a result of
(1) the reduction in external revenue.
(2) non-capitalisable costs of shipyard relating to construction of vessels for the chartering fleet with no corresponding revenue and
(3) the reversal of profits arising from the cancellation of two vessels (disclosed in the Q3-2011 announcement) and expected cancellation of another vessel. The reversal of profits amounted to $32.9 million (FY2010: $23.6 million). This decrease was exacerbated by reduction in leasing revenue and lower utilisation rates of vessels in the geophysical segment.”
Otto top story in Yahoo.com (finance) today. Isit BBs buying time..?. then sell when good news arrive.
Of little notice by BBs. some optimistic player just bot up...100 lots.
| Time | Last | Volume | Bid/Ask |
| 16:37:05 | 0.144 | 100,000 | A |
Otto Marine Limited announced that the Company or its nominee has entered into a Memorandum of Agreement with Go Marine Group Pty Ltd or its nominee, in respect of the sale of a 8,000 bhp AHTS vessel identified as “GO Rigel” for a consideration of US$24 million. The Company expects the Vessel to be completed in September 2011. (Close: $0.149, 0.667%)
Otto Marine Last:0.146 Vol:682k
-0.0010
Wed Aug 17. Hopefully, BBs like him must buy again to support his own firm if it prices continue to goes down.
pharoah88 ( Date: 16-Aug-2011 17:44) Posted:
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I m a small smaller smallest players, no doubt it cheap now, boss has bot several hundred lots..:)
Let C, how players play 1st, got to respect mkt - down turn hav not completed yet on tis volatile wk.
teeth53 ( Date: 08-Aug-2011 10:18) Posted:
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The problem with this company is that they printed shares to many times.....at least 1 ro 2 rights issue and a share placement......
40+++ cents all the MFT is shouting buy buy.....even have a argument with wife. But it is worth the quarrel....heeee....she did not buy eventually.....
Avoid.
Tuesday: 16 August 2011 CLOSING
S$0.147 + S$0.001
Otto Marine has faced many challenges in the past year or so, and its stock price has fallen hard.
So hard that it has appeared to be a bargain to its chairman, Yaw Chee Siew, who stepped up last week to buy the company’s shares for the first time.
He bought 453,000 shares [S$0.014393] in his own name, the only shares in his own name.
He has a deemed interest in another 1.2 billion shares, or 63.38% of the company.
Otto Marine has just reported a $40.9 million loss in 2Q compared to a $17.3 million net profit in the previous corresponding quarter.
The 1H was a loss of $36.8 million, primarily due to:
(1) shipbuilding segment – lower revenue recognition ($68 million) and reversal of profit due to termination of the sales contracts for two large AHTS vessels ($21 million)
(2) geophysical segment – lower utilisation of seismic vessels ($13 million) resulting from increased mobilization time and
(3) other income/expenses – mainly increased losses arising from fair value changes of foreign exchange forward contracts ($9 million).
The above were partially offset by a decrease in foreign exchange losses ($31 million) as well as a decrease in reversal of profit for vessels sold to associates ($4 million).
Nothing to do with this result either, This week mkt, (pre-national day rally -red color) is very bad.
now trading lower to $0.155c -0.016c or -9.4% lost, on volume 703 lots.
teeth53 ( Date: 28-Jul-2011 22:49) Posted:
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Wahh...today many bot below 0.190 ct, except one lot at 0.190ct or +0.003ct or up +1.6%
| Time | Last | Volume | Bid/Ask |
| 17:05:01 | 0.190 | 1,000 | A |
| Last | Trades | Volume | Bid Volume | Mid | Ask Volume |
| 0.180 | 1 | 19,000 | 19,000 | 0 | 0 |
| 0.181 | 4 | 41,000 | 26,000 | 0 | 15,000 |
| 0.182 | 5 | 210,000 | 210,000 | 0 | 0 |
| 0.183 | 19 | 509,000 | 416,000 | 0 | 93,000 |
| 0.184 | 14 | 428,000 | 10,000 | 100,000 | 318,000 |
| 0.185 | 4 | 165,000 | 113,000 | 0 | 52,000 |
| 0.186 | 3 | 120,000 | 80,000 | 0 | 40,000 |
| 0.190 | 1 | 1,000 | 0 | 0 | 1,000 |
| TOTAL | 51 | 1,493,000 | 874,000 | 100,000 | 519,000 |
chinton86 ( Date: 07-Jul-2011 11:41) Posted:
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http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_1DB67C463520D87C482578DB00385524/$file/Otto_Marine_Limited_Announcement_Profit_Warning_28_July_2011.pdf?openelement
PROFIT WARNING FOR THE SECOND QUARTER ENDED 30 JUNE 2011
The Board of Directors of Otto Marine Limited (the “Company”) wishes to issue a profit warning
regarding the financial results of the Company and its subsidiaries (the “Group”) for the second quarter
ended 30 June 2011 (“Q2”).
The Group is expected to report a loss.....
My opinion is don't think it will move up high.
This guy is moving up with quite some momentum...
thk Qs. I m Q-ing, trying my luck at 0.185c
Snappers ( Date: 20-Jun-2011 10:44) Posted:
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tink they need floating cash.. i am still holding mine bought at 0.410.... 