Latest Forum Topics / Oceanus Last:0.006 -- | Post Reply |
OCEANUS (No.1 in abalone farming): Venturing into
|
|||||
beidou
Member |
15-Jun-2013 19:42
|
||||
x 0
x 0 Alert Admin |
Just wonder what will happen to the right issue if the share price drops further? Who will buy up the right shares if the detail investors decide not to buy?  Will  the  underwritters  buy up all? Haha, that will be an interesting scenario to watch. | ||||
Useful To Me Not Useful To Me | |||||
happyharvest
Senior |
15-Jun-2013 16:35
|
||||
x 0
x 0 Alert Admin |
    Thought ex- rights date is on 17 June?   |
||||
Useful To Me Not Useful To Me | |||||
|
|||||
teeth53
Supreme |
15-Jun-2013 07:42
Yells: "don't learn through life, learn to grow with life " |
||||
x 0
x 0 Alert Admin |
This ex-right price matter will depend much on the last day before closing n thereafter, following day BBs will pump just above ex right new price. To them it still profitable to play.
|
||||
Useful To Me Not Useful To Me | |||||
teeth53
Supreme |
15-Jun-2013 07:35
Yells: "don't learn through life, learn to grow with life " |
||||
x 0
x 0 Alert Admin |
Oceanus - Last:0.036 Vol:40682k -0.0020...three more day to go B4 closing on 19 June. (Don know can tahan for 3 more days or not?) | ||||
Useful To Me Not Useful To Me | |||||
novice_trader
Elite |
15-Jun-2013 01:25
|
||||
x 0
x 0 Alert Admin |
Maybe it will drop to 0.035 as what Bro teeth53 states below... Once we think this counter is over, it will sneak pass everybody at go back to 0.60 again. Keen to be back vested soon... See how the market goes next week.
|
||||
Useful To Me Not Useful To Me | |||||
|
|||||
Tomique
Master |
14-Jun-2013 15:36
|
||||
x 0
x 0 Alert Admin |
Rights issues are frown upon by investors, esp when money is needed for running expenses.   Investors will be happy with rights if the rights are for some known or announced business proposals or pending transactions deemed going to profit the company.   If rights are used for making more money for shareholders, they will chase up the shares. 
|
||||
Useful To Me Not Useful To Me | |||||
stockmarketmind
Master |
14-Jun-2013 14:10
Yells: "stockmarketmindgames" |
||||
x 0
x 0 Alert Admin |
all the way down
|
||||
Useful To Me Not Useful To Me | |||||
veliscorin
Member |
14-Jun-2013 14:00
|
||||
x 0
x 0 Alert Admin |
seems that the rights are not very welcomed... | ||||
Useful To Me Not Useful To Me | |||||
|
|||||
stockmarketmind
Master |
13-Jun-2013 12:36
Yells: "stockmarketmindgames" |
||||
x 0
x 0 Alert Admin |
The operator in oceanus loves to create fake break outs. http://stockmarketmindgames.blogspot.sg/2013/06/oceanus-fake-breakouts.html  |
||||
Useful To Me Not Useful To Me | |||||
Tomique
Master |
12-Jun-2013 16:59
|
||||
x 0
x 0 Alert Admin |
Since share's net asset value per share (ex-price) remains little changed, there is every possibility for Oceanus to climb back up to 6++ cents. | ||||
Useful To Me Not Useful To Me | |||||
teeth53
Supreme |
12-Jun-2013 16:21
Yells: "don't learn through life, learn to grow with life " |
||||
x 0
x 0 Alert Admin |
Entitled Shareholders - notice. The Co will be closed at 5.00 pm on 19 June 2013 for the purpose of determining the provisional allotments of rights shares to shareholders under the rights issue.  (sori for the err..)theoratical price per share (now)  = (1000 x 0.038 + 380 x 0.029)/ 1380 = $0.035 per share  
|
||||
Useful To Me Not Useful To Me | |||||
teeth53
Supreme |
12-Jun-2013 16:11
Yells: "don't learn through life, learn to grow with life " |
||||
x 0
x 0 Alert Admin |
Entitled Shareholders - notice. The Co will closed at 5.00 pm on 19 June 2013 for the purpose of determining the provisional allotments of rights shares to shareholders under the rights issue. What happening after Ex-right???. |
||||
Useful To Me Not Useful To Me | |||||
|
|||||
teeth53
Supreme |
12-Jun-2013 16:09
Yells: "don't learn through life, learn to grow with life " |
||||
x 0
x 0 Alert Admin |
38 right shares given for every 100 mother share, right at $0.029. Today  shares changing hands, at 0.038c. Hence, theoratical price per share = (1000 x 0.38 + 380 x 0.029)/ 1380 = $0.028 to $0.029  per share " (NAV is 14.34 RMB cents = approx 2.9 cents)" |
||||
Useful To Me Not Useful To Me | |||||
beidou
Member |
11-Jun-2013 23:29
|
||||
x 0
x 0 Alert Admin |
My view about this right issue and the company is : the co. is undergoing a restructuring and needs money to implement the plan and to turn the company around.  For those who think the company has a good chance to be successful in this re-structuring, then they should take this opportunity to take up the right shares. The return can be handsome (like Osim's as someone had mentioned) given the current low share prices. I am vested.   |
||||
Useful To Me Not Useful To Me | |||||
Tomique
Master |
11-Jun-2013 13:33
|
||||
x 0
x 0 Alert Admin |
There is no sure way of estimating correctly a price of a share like Oceanus. As at the last financial ending 31.3.2013 its group's net asset per share= 2.868 cents (approx using 5RMB to 1$, but could be slightly higher with the rising Chinese yuans below 5 to 1$) With the rights issue at 2.9 cents bringing in $28,253,000 its net assets will become approx 2.88 per share (not much change in group) Basing on new funds available for working and paying debts, I expect the group to profit after this and assumed that it could reasonably make about 0.005 cents in earnings   per share. This will give the share a nta of about 2.9 or more. Using my PE of 6.5 for a new start profit making company, I calculated the minimum price of Oceanus to be at least 3.2 to 3.5 cents based on estimates.  
|
||||
Useful To Me Not Useful To Me | |||||
oldflyingfox
Master |
11-Jun-2013 11:36
|
||||
x 0
x 0 Alert Admin |
How u work out that number? can share? tks. | ||||
Useful To Me Not Useful To Me | |||||
Tomique
Master |
11-Jun-2013 10:55
|
||||
x 0
x 0 Alert Admin |
My calculation tells me this should go to around 3.2 to 3.5 cents prior to XR date..
|
||||
Useful To Me Not Useful To Me | |||||
Tomique
Master |
11-Jun-2013 10:42
|
||||
x 0
x 0 Alert Admin |
Forced selling and cut loss as it dropped too fast.   Could be a good buy, but needs holding for longer term. For those buying at cheap now, don't forget to reserve cash for right shares.
|
||||
Useful To Me Not Useful To Me | |||||
oldflyingfox
Master |
11-Jun-2013 10:32
|
||||
x 0
x 0 Alert Admin |
As mentioned few months ago about the last fund raising to complete the company restructuring, any opinion of the present pricing of only 3.9cts? Seem like if not because of poor timing of lanuch, it will not dropped so much, is it good entry price now? Anyone | ||||
Useful To Me Not Useful To Me | |||||
novice_trader
Elite |
10-Jun-2013 19:09
|
||||
x 0
x 0 Alert Admin |
Today no bullets to short... Wasted...
|
||||
Useful To Me Not Useful To Me |