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why still nobody is buy..?. When it oredi reach 0.19 cents, hope to get some enlightening moment.
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253k - Adobe PDF
Our target price drops to S$0.19, now based on 0.8x ... Our target price. drops to S$0.19, now based on 0.8x CY11 P/BV, applying a 20% haircut to Otto's ...
www.remisiers.org/cms_images/OttoMarine-0504111.pdf
bsiong ( Date: 18-Feb-2011 16:53) Posted:
Otto Marine (OTML SP S$0.305) | 4Q10 loss of S$9.3m (-195% yoy) was unexpected we expected a profit. Variance was mainly due to weaker-than-expected shipbuilding contributions as well as lower-than-expected subsea utilisation. 0.5Scts DPS was declared 1.6% yield.
4Q10 revenue of S$93.3m fell 13% yoy on lower-than-expected work done for shipbuilding. Gross loss of S$6m was mainly due to reversal of profits recognized for the terminated sales contracts for vessels sold to GC Rieber JV as well as start-up costs and fixed costs for subsea contributions. Other income of $11.7m was mainly made up of an increase in write back of reversal of unrealised profit for sale of vessels to associates (S$6.4m).
Net gearing rose to 1.04x from 0.62 (at end-2009), as the group raised S$251.9m from bank borrowings, MTN and shares issue. Pending review, maintain Neutral, TP of S$0.39. |
/cimb/
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31-05-2011 21:16:23
OTTO MARINE LIMITED (Miscellaneous :: Cancellation Of Order H7048) < OTTO.SI> 
Otto_Marine_Limited_Announcement_Cancellation_Orderr_H7048_31_May_2011.pdf
...it can also be up again days later...similarly its down days for many counters today, general market correction.,,,,what else can one say ? hopefully, Up high Down little, Win more Lose less...
Its down again.
Have been picking with average pricing around 0.255, target to release half at 0.36~0.37 of the long term resistance.
52 weeks High: 54 cents, 52 weeks Low: 20 cents.
Current Price: 26 cents is 54% off its high, and 30% off its low.
There is good potential for making money.
Please do your own research.
Laulan ( Date: 15-Apr-2011 11:07) Posted:
| Should be comfortable to invest a few lots. |
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Should be comfortable to invest a few lots.
hmm...seems to be looking good these days, slowly on the way UP....28cent is not impossible in near term...good luck.
get in 10 lots today for some coffee money.
Otto Marine announced that its wholly-owned subsidiary, Sailfish 1 Pte. Ltd has executed a memorandum of agreement on 31 March 2011 with Mermaid Marine Australia or its nominees for the sale of a Norwegian design MT6009 MKII DNV class platform supply vessel for a consideration of US$31,500,000.
/sgx
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Diversify your portfolio, invest in land and get a handsome return of 15-20%pa in 4 to 5 years.
where is it? http://www.youtube.com/watch?v=kMOvjDJeOuQ Msg (Contact) me here for details.
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Why not ? first take huge amount money of US$43.4 million (S$54.8 million equivalent) and use it to develop business to make more money, in the meantime, let one subsidiary to pay rent slowly for it and also use it to make money as well.
This marine sector stock has good potential upside medium term based on today's trading price of 25-25.5cents, downside risk is limited. Disclaimer: Not an inducement to buy, sell or hold. ysh2006 ( Date: 31-Mar-2011 13:11) Posted:
Hi Sir
Sold two boat /vessels and re- lease back out for seven years..like this can make money meh? one hand take money another hand give back to buyer.They should find new order man...!
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Otto Marine Limited (OML) announced that its shipbuilding arm and wholly-owned subsidiary, Otto Offshore Limited has entered into a sales agreement to sell two 8,000 bhp Anchor Handling Tug Supply to a third party at a market price of US$43.4 million (approximately S$54.8 million equivalent). These two vessels are currently under construction and the OML expects it to be completed by this year. Subsequent to the delivery of these two vessels, Redfish 3 Pte. Ltd., a unit of the OML will charter and deploy the vessels for 7 year.
/sgx
// *Diversify your portfolio, invest in land and get a handsome return of 15-20%pa in 4 to 5 years.
where is it? http://www.youtube.com/watch?v=kMOvjDJeOuQ Msg (Contact) me here for details.
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Looks like this counter is cheap at 25cents.I have accumulate a few lots here even tho i seen a downside today.
Mostly likely should be up 7pts tp 8pts hope soon.
Overall the shipping business should do well in the coming months especially those counters related to oil. If you compare with Ezra holding Otto Marine is still cheaper.
Good Investing
ezycash
www.stockmarketwatch.info
Looks like this counter is cheap at 25cents.I have accumulate a few lots here even tho i seen a downside today.
Mostly likely should be up 7pts tp 8pts hope soon.
Overall the shipping business should do well in the coming months especially those counters related to oil. If you compare with Ezra holding Otto Marine is still cheaper.
Good Investing
ezycash
www.stockmarketwach.info
Hi Sir
Sold two boat /vessels and re- lease back out for seven years..like this can make money meh? one hand take money another hand give back to buyer.They should find new order man...!
Today lau sai.
Sigh!!!!
Otto Marine off 6.7% orderbook risk
Otto Marine (G4F.SG) is down 6.7% at $0.280, falling sharply for the second straight session in heavy volume after its 4Q results Friday showed a loss of $9.3 million.
DMG downgrades the stock to Sell and cuts its target price to $0.25 from $0.335. “The shipbuilding segment was the biggest drag...with a gross loss of $12.2 million due to the reversal of profit and forex loss. Excluding those items, we estimate the shipbuilding segment would have turned in a gross profit of around $10 million.”
The house reduces its FY11F-FY12F net profit estimates by 39%-43% respectively due to lower new shipbuilding order assumptions. BNP Paribas, which has a Reduce rating and $0.34 target, says the risk to its earnings estimates is skewed to the downside, as the current order book has high customer concentration risk and still faces potential cancellation risks.
“The imbedded risk factors are increasing, given the wide spread of unrelated operations,” it says. Orderbook suggests a $0.270 floor for the session.
Otto Marine (OTML SP S$0.305) |
4Q10 loss of S$9.3m (-195% yoy) was unexpected we expected a profit. Variance was mainly due to weaker-than-expected shipbuilding contributions as well as lower-than-expected subsea utilisation. 0.5Scts DPS was declared 1.6% yield.
4Q10 revenue of S$93.3m fell 13% yoy on lower-than-expected work done for shipbuilding. Gross loss of S$6m was mainly due to reversal of profits recognized for the terminated sales contracts for vessels sold to GC Rieber JV as well as start-up costs and fixed costs for subsea contributions. Other income of $11.7m was mainly made up of an increase in write back of reversal of unrealised profit for sale of vessels to associates (S$6.4m).
Net gearing rose to 1.04x from 0.62 (at end-2009), as the group raised S$251.9m from bank borrowings, MTN and shares issue. Pending review, maintain Neutral, TP of S$0.39. |
/cimb/
The drop in the net profit is due to the one time charges which includes the reversal of the vessel cancellation. However, that had been reflected in the price when it pulls all the way back to the 30+ cents. This is double counting the impact,. However, moving forward, if you look at the revenue increase in 2010 and gone with the one time impact, you see that it should be on the positive way.
Personally, i think it is a good stock to pick and when most pple digest the results, it should be coming.
Just wondering, isit sign of thing to come??., with increases in "
group revenue increased by over 36% to $579.9 million for FY2010" . " However it posted 22% fall in full year net profit to $40.7m" bsiong ( Date: 18-Feb-2011 09:46) Posted:
Otto Marine posts 22% fall in full-year net profit to $40.7m Otto Marine says group revenue increased by over 36% to $579.9 million for FY2010. However, net profit attributable to shareholders (PATMI) was down 22% to $40.7 million because of a net foreign exchange loss of $22.4 million and reversal of $23.6 million in profits recognised for the terminated sale contracts for vessels sold to a customer and an associate.
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