Latest Forum Topics / Otto Marine | Post Reply |
Christening of this Flotilla- OTTO
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moneyplant
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28-Nov-2013 13:04
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Fyi there is rising tide with traction at 0.58 ... watch out for spikes in volume... 
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moneyplant
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25-Nov-2013 14:22
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Steering his ship from dock to C-suiteMoney Steering his ship from dock to C-suite Anita Gabriel Senior Correspondent 926 words 25 November 2013 Straits Times STIMES English (c) 2013 Singapore Press Holdings Limited Otto Marine chief takes to helm of firm as comfortably as he did as captain out at sea THE adventurous life out on the wide blue ocean, backing up tugs and vessels against mesmerising sunsets and sunrises can make the stuffy corporate world look dull. But it is not the cut and thrust of a seafaring life that captain Garrick Stanley, 40, Otto Marine's group chief executive of four months, misses most. " I miss the solitude of being out at sea," says Mr Stanley, who left the dock for the C-suite about seven years ago. Still, Mr Stanley, who holds the title of " master mariner" after spending 15 years on stretches of water such as Australia's Bass Strait, the Timor Sea and the North West Shelf, finds attractions in the corporate world too. " It would be very hard to go back. Business is so exciting and dynamic," says the Australian national. After a gruelling few years marked by a sector plagued by dwindling new orders, slipping rates and rising borrowing costs, the tide appears to be turning for Otto Marine. " We've put to bed the problems of our past and are ready to move ahead. The next five years are going to be very good," he adds. The offshore marine firm which operates one of the largest shipyards in Batam, Indonesia, is beginning to see new orders come in for the shipbuilding segment. That is hardly coincidental. " We specifically didn't take any new orders to finish up our cancelled orders in the yard, which we've done," he remarks. Throw in the fact that the shipping sector is now showing signs of slowly stirring back to life - rig-building activity is picking up and the offshore support vessel space appears to be on a recovery path - and the picture looks promising. The fact that the waters are looking calmer was also reflected in a move in August by controlling shareholder and executive chairman Yaw Chee Siew to step down as group chief executive. Mr Stanley succeeds Mr Yaw, a tycoon who also owns substantial property assets in Malaysia and plays a key role in charting the direction of the company. His voyage to the perch of Otto Marine, carried out as part of the firm's succession planning, could have been an obvious one. Mr Stanley was managing director of Perth-based Go Marine Group, an Australian offshore oil and gas firm, between 2007 and this year. What had started out as a strategic tie-up between Go Marine and Otto Marine back in 1999 led to a 55 per cent acquisition by Otto in 2011 which was raised to 90 per cent a year later. Mr Stanley played a key role in the founding of Go Offshore, now a subsidiary of Go Marine. His career ascent to Otto Marine comes at a time when there has been some good news out of the firm after a dearth of that for a very long time. Jobs for Otto's shipyard in Batam are expected to click higher, thanks to a change to rules, which could mean more demand for Indonesian-flagged vessels. Analysts are beginning to take note as well, but there are not many of them yet. Most are probably waiting for more positive news flow. Based on Bloomberg data, there are only three analysts covering the stock with only one issuing the prized " buy" call on the stock. " We've been quiet over the last few years and have been under the radar. Now, we're starting to come out," says Mr Stanley. " The biggest thing about this company which most people do not know is that we have over 60 offshore vessels operating around the world. " We are a strong play in Australia, have specific entities in Malaysia and Indonesia and have a presence in West Africa, Middle East, the North Sea and Gulf of Mexico." The firm's latest quarterly results have turned Voyage Research's deputy research head Ng Kian Teck more optimistic about its prospects. Revenue rose nearly 6 per cent to US$83 million (S$104 million) while it chalked up a net profit of US$4.12 million in the third quarter ended September. Another factor that has captured Mr Ng's attention is the progress Otto Marine has been making to alleviate its debt burden, which, as at Sept 30, stood at US$533 million. Early this month, the company sold two vessels - one for US$95 million sold to a 49 per cent owned unit in Indonesia and the other for US$25 million - to further cut its debt. It has also disposed of its non-core holdings and made a cash call to lighten the debt load. " The year 2013 was all about strengthening our balance sheet, which we've done," says Mr Stanley. The firm's strategy going forward is to build ships for its own needs - as part of its fleet renewal plan - and to a smaller extent, for third parties. " The market needs to understand that we are essentially now a shipping company with a shipyard," he adds. More than anything else, the appointment of Mr Stanley, a master mariner technically sound on offshore operations matters, well reflects that shift. anitag@sph.com.sg Otto Marine group chief executive Garrick Stanley misses the solitude of being out at sea but also relishes the excitement of the business world. -- ST PHOTO: KUA CHEE SIONG Singapore Press Holdings Limited 
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moneyplant
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24-Nov-2013 17:06
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Provided 5 points for your easy analysis Phantom 1) Turnaround from losses to report a 3Q profit of US$25m...PE less than 6 times 2) Cash position as of Sept at US$37m 3) Gearing at only 1.58 compared to 2.3 the previous year. 4) Another US$120m coming in after it sold two vessels in Nov .... so will have very healthy cash positions... 5) Possible listing of its subsidiary GO Marine.... 6) 18 nov - win US$9m contract for 2 vessel.... So in time to come ... with PE less than 6 times .... and good cash position .... OTTO will cruise North ... heads up...
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Phantom1984
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20-Nov-2013 10:31
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Lol so good news or bad news? Haha i m waiting for it to fly.. haha
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moneyplant
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19-Nov-2013 20:24
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Bloody Exodus by punters who went in for the Q3 Results   Nov 14,15,16+5 
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moneyplant
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19-Nov-2013 15:35
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0.58 consistent buying... watch out for spikes in volume...
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teeth53
Supreme |
18-Nov-2013 08:56
Yells: "don't learn through life, learn to grow with life " |
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Otto_Marine_Limited_Announcement_Otto_Shirpyard_clinch_2_newbuild_vessels_18_November_2013.pdf | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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moneyplant
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17-Nov-2013 19:09
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Source: http://gomarinegroup.com.au/News/Item/?id=1466 |
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yummygd
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13-Nov-2013 16:33
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Hi ball ball keep for long term :)) world economy should be recovering n shipping will once again be well
Again. So i buy n keep lol unless Its at a yummygd price . I dunno What price though.
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ballball
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13-Nov-2013 13:53
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Sis Yummy, u din book your profits during the runup? U keeping for long term?
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teeth53
Supreme |
13-Nov-2013 13:49
Yells: "don't learn through life, learn to grow with life " |
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Maybe Bo Heng Lui $$$, to Straits times. Bo kan tow whao. Bo tan Lui....
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yummygd
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13-Nov-2013 11:38
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Yup paid with cash. So can zzzz lol
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moneyplant
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13-Nov-2013 11:17
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Press release is sensationalising, btw with the exit of SC proxies it remains positive . Anyways, it profit to be booked and whole year remains profitable.... best thing is to keep it under wraps....
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yummygd
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13-Nov-2013 10:29
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Businesstimes otto marine net profit down 13% ...wth lol otto not in
Good terms with businesstimes is it |
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moneyplant
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13-Nov-2013 09:44
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Market likes the new of SC proxies being purged.... positive config
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moneyplant
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12-Nov-2013 21:56
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Private Fund injection, debt cleared now board purges out Standard Chartered proxies that have been " Jiak Liao Be" since 2008. Inflexion point. Reference: http://ottomarine.listedcompany.com/news.html/id/379892    |
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moneyplant
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11-Nov-2013 20:20
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Otto Marine in its biggest trailing week gain for 2 months News Bites Asian Markets November 11, 2013 Monday Otto Marine  in its biggest trailing week gain for 2 months LENGTH:  968 words Otto Marine  Limited (SI:G4F), Singapore's 27th largest manufacturing company by market capitalisation, increased 0.10c (or 1.7%) to close at 6.0c. In the past week the shares have jumped 7.1%, the biggest trailing week gain since September 20. Compared with the FTSE/ASEAN 40 Index which fell 86.6 points (or 0.8%) in the day, this represented a relative price increase of 2.5%.  To download our Detailed Research Report (PDF), giving comprehensive trading and background information on  Otto Marine, please clickhttp://www.buysellsignals.com/001051921851113573 Bullish Signals  Fundamental measures by comparison with the sector average [in brackets] indicate Undervaluation: - Price to Book of 1 [1.6]. We estimate  Otto Marine  stock is trading at a current year Price to Book of 1.1 and a forward year Price to Book of 1. Other Bullish Signals: - The company is cash rich with Cash to Market Capitalisation at 13.5%.  - Tobin's Q Ratio, defined as MCap divided by Total Assets, is 0.2. Compared with the rest of the market the stock is undervalued and ranks in the top 8% of stock by value of Q Ratio.
Bearish Signals - The present value of SGD1,000 (PV$1000) invested one year ago in  Otto Marine  is SGD743, for a capital loss of SGD257. 
- EBITDA margin has seen consecutive falls and seems to be on a slippery slope in recent years. [Year ended, all figures in %]
Note Volume: there were 15,322,000 shares worth SGD919,320 (US$737,386.6) traded. This has been propped up by firm volume of 1.7 times average.  Beta: the Beta of  Otto Marine  stock is 0.8. A Beta lower than 1 suggests this is a low risk, low return stock with volatility less than that of the market.  -  Otto Marine  is at a discount of 36.4% to its 12-month high of 9.43c on 11 Jan, 2013. It is also at a premium of 30.4% to the 12-month low of 4.60c on 05 Sep, 2013. Fundamental measures by comparison with the sector average [in brackets] indicate Parity: - Price/Sales of 0.5 [0.5].
COMPANY ANNOUNCEMENTS The last 7 company announcements are: October 29:  Otto Marine  : Date of release of 3rd quarter 2013 financial results ended 30 september 2013 [News Story]http://www.buysellsignals.net/BuySellSignals/report/Singapore/Stock/News/31395.pdfSource: Singapore Exchange October 07: Sale of entire equity interest in Otto Limin Marine Private Limited [News Story] 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:http://www.buysellsignals.net/BuySellSignals/report/Singapore/Stock/News/30696.pdfSource: Singapore Exchange October 04:  Otto Marine: Change of name-Go Marine Services (M) SDN.Bhd [News Story]  Otto Marine  Limited (the " Company" ) is pleased to announce that Expro Synergy Sdn. Bhd., an associated company of the Company, has changed its name to Go Marine Services (M) Sdn. Bhd. Source: Singapore Exchange September 30:  Otto Marine: Amicable settlement reached with Mosvold Supply Group [News Story]infopub.sgx.com/FileOpen/Amicable_settlement_reached_with_Mosvold_Supply_Group.ashx?App=Announcement& FileID=257926 Source: Singapore Exchange September 18:  Otto Marine: Investment in subsidiary [News Story] The Board of Directors of  Otto Marine  Limited (the " Company" ) is pleased to announce that pursuant to an investment agreement dated 16 September 2013 (the " Agreement" ) entered into between Go Marine Investments Private Limited (" GMIPL" ), Go Marine Group Pty Ltd (" Go Marine" ) and a Singapore based private equity firm (the " Investor" ), the Investor 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.In connection with the investment in GMIPL by the Investor, Go Marine has provided a corporate guarantee in favour of the Investor in respect of all of GMIPL's obligations under the Agreement. September 05:  Otto Marine  to hold vessel naming ceremony to celebrate completion of its second 24,000bhp AHTS Go Phoenix [News Story] Singapore, 5 September 2013 -  Otto Marine  Limited, (" Otto Marine" or the " Group" ), a leading offshore marine company which owns and operates a large fleet offshore support vessels, shipyard and offers specialized offshore services, is pleased to announce that the Group will be holding a vessel naming ceremony for 'Go Phoenix' at Marina Keppel Bay, Singapore, on 6 September 2013.http://www.buysellsignals.net/BuySellSignals/report/Singapore/Stock/News/29720.pdfSource: Singapore Exchange September 05:  Otto Marine  signs MOU for newbuilding and conversion of cement carriers [News Story] Singapore, 5 September 2013 -  Otto Marine  Limited, (" Otto Marine" or the " Group" ), a leading offshore marine company which specializes in building complex offshore support vessels, ship chartering and offers specialized offshore services, is pleased to announce that the Group has signed a Memorandum of Understanding (" MOU" ) for the newbuilding of 5 cement carriers.The 5 cement carriers have capacities in the range of 7,500 deadweight tonnes (" DWT" ) to 15,000 DWT. ISIN: SG1X59941754 SI:G4F SGX:G4F SP:G4F Source:  www.BuySellSignals.com LOAD-DATE:  November 11, 2013 LANGUAGE:  English DOCUMENT-TYPE:  Analyst Comment/Recommendation Share Price Movement/Disruptions PUBLICATION-TYPE:  Newswire Copyright 2013 News Bites Pty Ltd. All Rights Reserved |
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moneyplant
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11-Nov-2013 18:55
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Without Profit Warning and Unprecedented Pre-Market Report release since 2010. Do your own DD. Good Luck.
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yummygd
Supreme |
06-Nov-2013 13:55
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Only br perfect if close above day high or at day high. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Phantom1984
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06-Nov-2013 13:26
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Looking at this counter for quite along along time, Last time use to buy in 0.35 sell at 0.45 now it drop till 0.05 and now up 0.06. Well today i bought some lots in this counter and hope it will breakout soon. Good luck to all players and those who has hold this till so long... the day has come CHEERS! *am i just to  optimistic?*  | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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