Otto Marine   

Otto Marine outlook and strategy very strong

Today closed up at $0.058 is a very good sign, it has break up the down trend line meaning the previous $0.055 is possible a bottom. Next target at $0.07.

Cheers!

 

Noted sir. Thank you

 

Bro, if you see daily movement, it always tend to close at 1 bid lower or at the opening price. But I believe it will be around 53-54 as the support. Hopefully tomorrow can move up well

 

Dear expert, any advice for otto marine. Bleeding! On hand i have 438000 lot break even at 0.109 cents. Is 0.56 cents a good entry point to buy n average. Many years back ever bought at 0.30 cents n sold at 0.34 cents. Please advise. Stupid investor!

 

Still waiting for it to rebound from this level to confirm the bottom. Once the bottom is confirmed, the next target will be to fill up the gap  from 0.074 to 0.078.

fulson      ( Date: 10-Oct-2013 20:25) Posted: Trading volume was thin today. Any sifu can advice is this some sort of accumulation by BBs?   Thanks.  moneyplant      ( Date: 09-Oct-2013 10:40) Posted: Movement expected.

 

Otto Marine: Private Equity Firm Subscription Of S$10 Million Redeemable Preference Shares In Go Marine. 19 Sep 2013 10:02 Otto Marine Limited is pleased to announce that pursuant to an investment agreement dated 16 September 2013 entered into between Go Marine Investments Private Limited, Go Marine Group Pty Ltd and a Singapore based private equity firm, the private equity firm has subscribed for S$10 million redeemable preference shares in GMIPL. The issuance and allotment of the redeemable preference shares in GMIPL has been completed on 18 September 2013...

  PE already planted.

 

http://postimg.org/image/jansixthj/

moneyplant      ( Date: 20-Oct-2013 12:16) Posted: [url=http://postimg.org/image/jansixthj/][img]http://s23.postimg.org/jansixthj/Screen_Shot_2013_10_20_at_12_13_55_PM.jpg[/img][/url]   RTO potential bite size $230m fulson      ( Date: 10-Oct-2013 20:25) Posted: Trading volume was thin today. Any sifu can advice is this some sort of accumulation by BBs?   Thanks.

 

[url=http://postimg.org/image/jansixthj/][img]http://s23.postimg.org/jansixthj/Screen_Shot_2013_10_20_at_12_13_55_PM.jpg[/img][/url]

  RTO potential bite size $230m

fulson      ( Date: 10-Oct-2013 20:25) Posted: Trading volume was thin today. Any sifu can advice is this some sort of accumulation by BBs?   Thanks.  moneyplant      ( Date: 09-Oct-2013 10:40) Posted: Movement expected.

 

Trading volume was thin today. Any sifu can advice is this some sort of accumulation by BBs?

  Thanks. 

moneyplant      ( Date: 09-Oct-2013 10:40) Posted: Movement expected.

 

Movement expected.

 

OOTTTTOO WOOO WOOO GO GO GO

 

Blumount has been oversold these few days, rebound should be soon. When Blumount rebound so will all these small counters.

 

Glad to hear some heroic voices, waaah you have 120plus lots at $0.111, .... better have confidence. Those people with Asiaon, Blumont and Liongold now shit also come out. I better play safe .... nowadays comments in this forum also went down. Also don't know why ....

Some ranting about   UOBKH .... wah lau. Don't challenge SGX regulator ok, .... don't show contempt to the watchdog ... like they won't act. respect respect abit.

Today players don't know tomorrow, they may react .... xiao liao lor 

 

Ouchhhh.. I have 120 plus lots at 0.111.
Sucks man. But I have confidence. Afterall ceo have more shares in the co.
He won't wreck his wealth though many of these shares sre being pledged

 

Okie lor good luck lor lol

UPRR18      ( Date: 07-Oct-2013 19:14) Posted: Bro Yummygd, T2LE56 is correct, ... really SGX query. Better don't play play ... if any more questions may become " Designated Securities" xiao liao. Worst get delisted ... " wan dan" maybe because the recent " Rights Issue" small investors not happy ... crazy lor drop so much I think people sure complain.  Bro moneyplant, let us not be too cocky. Be careful .... don't know what may happen ... scary ... chun chun SGX query Otto.... wah la better step back first yummygd      ( Date: 07-Oct-2013 10:11) Posted: Wah moneyplant bro so serious really big prob arh with this company ? Must go report ceo lol just asking ya think company is recovering lei dunno is it i kena cheated by my six sense is it

 

Bro Yummygd, T2LE56 is correct, ... really SGX query. Better don't play play ... if any more questions may become " Designated Securities" xiao liao. Worst get delisted ... " wan dan" maybe because the recent " Rights Issue" small investors not happy ... crazy lor drop so much I think people sure complain. 

Bro moneyplant, let us not be too cocky. Be careful .... don't know what may happen ... scary ... chun chun SGX query Otto.... wah la better step back first

yummygd      ( Date: 07-Oct-2013 10:11) Posted: Wah moneyplant bro so serious really big prob arh with this company ? Must go report ceo lol just asking ya think company is recovering lei dunno is it i kena cheated by my six sense is it moneyplant      ( Date: 07-Oct-2013 10:08) Posted: T2LE56 Bro is highly knowledgable with this counter , if you feel something, letting your hair raise 不 祥 about this company. Why not you do the right thing... complain to SIAS, SGX or even the new CEO Stanley about your concerns. At least, flag out the 换 汤 不 换 药 deals? That way you can feel much better. Cheers

 

SALE OF ENTIRE EQUITY INTEREST IN OTTO LIMIN MARINE PRIVATE LIMITED

In response to the queries from Singapore Exchange Securities Trading Limited (" SGX" ) with regard to the announcement on " Sale of Entire Equity Interest in Otto Limin Marine Private Limited" (" OLM" ) released on 30 September 2013, the Board of Directors of Otto Marine Limited (the " Company" ) wishes to provide the information as set out below:

Query A

Please disclose the details with regards to Chapter 1010 (5)

Company's response

As advised by our initial announcement, the net value of the asset disposed of is US$0.562 million. This is also the net tangible asset value. OLM is a private company and there is no readily available open market value. The consideration was arrived at after (1) management's assessment of the net tangible asset value of OLM and contracts secured and (2) willing-buyer-willing-seller basis commercial offer by the buyer.

Query B 

Provide Relative figures computed pursuant to Rule 1006 of the SGX Listing Manual.

Company's response

None of the relative figures computed on the applicable bases as set out in Rule 1006 of the Listing Manual of the Singapore Exchange Securities Trading Limited (the " SGX-ST Listing Manual" ) are applicable and/or exceeds 5%. As a result, the Sale is " Non- discloseable Transaction" for the purpose of Chapter 10 of the SGX-ST Listing Manual.

Nonetheless, the relative figures computed pursuant to the Rule 1006 of the SGX Listing Manual are as follows:

Rule 1006(a)  The net asset value of the assets to be disposed of, compared with the Group's net asset value. This basis is not applicable to an acquisition of assets.  0.2%

Rule 1006(b) The net profits attributable to the assets acquired or disposed of, compared with Group?s net profits.  1.1%

Rule 1006(c)  The aggregate value of the consideration given or received, compared with the Company?s market capitalisation based on the total number of issued shares excluding treasury shares.  0.4%

Rule 1006(d)  The number of equity securities issued by the Company as consideration for an acquisition, compared with the number of equity securities previously in issue.

By Order of the Board

Michael See Kian Heng

Executive Director & Group Chief Financial Officer

7 October 2013

T2LE56      ( Date: 06-Oct-2013 23:25) Posted: Did they say that is all ??? Did they say they are totally satisfied with their answer ??? I heard they short-changed some suppliers ....   dishonest in their dealings. 换 汤 不 换 药   change the CEO, Garrick Stanley but the chairman,  药   the same. Don't be too bullish ... it is not over yet.  Moneyplant should know a lot ... you should ask him.   T2LE56      ( Date: 05-Oct-2013 16:56) Posted: Do your own due diligence !!! You never know .... someone is watching

 

im no sifu but just be careful if u re holding it n asking tt.

somehow ur stock always seems to be holding well

its just human nature

fulson      ( Date: 07-Oct-2013 14:46) Posted: Sifus, Judging from how other pennies have been affected, otto seems to be holding well?

 

Sifus, Judging from how other pennies have been affected, otto seems to be holding well?

 

Wah jin a oh!! Now recover liao! Wise man wise man!!

moneyplant      ( Date: 07-Oct-2013 10:19) Posted: Deals are made, red to black. Your money, your decision. BB behind this. yummygd      ( Date: 07-Oct-2013 10:11) Posted: Wah moneyplant bro so serious really big prob arh with this company ? Must go report ceo lol just asking ya think company is recovering lei dunno is it i kena cheated by my six sense is it