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Latest Forum Topics / Otto Marine  Post Reply
OtTo MaRiNe
teeth53
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05-Apr-2012 13:44     
 
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Just in FYI sharing, jus like AusGroup...this one might take long to be up and running...

look @today trading, maybe not (weak U.S.data, lacking in stimulus from the Federal Reserve). More ), 2moro (Fri) holiday. next week outlook still possible.
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Bopanha
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05-Apr-2012 13:13     
 
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 Alert Admin 		Teeth, you're right.  10.8 or 10.9 cents will trade for a day or two.  Next week, it should go back to the theoretical price of 12 cents. ((12 X3) -8)/2=14 cents, the price at pre announcement of right issue. Buy now for a small gain, a good idea.

teeth53      ( Date: 05-Apr-2012 13:08) Posted:



After goes XR. it trading prices is now trading at where is belong....0.108 Vs 0.109

Otto Marine CPF XR Op-0.109 Cls-0.109 0.000 0.0 vol-1,173,000


teeth53      ( Date: 28-Mar-2012 19:40) Posted:



Assuming B4 XR  (12.2 cts x 2  price + 0.080 cts)/3=$0.108 cts, new trading price  may just trade in btw 0.105 to 0.115 cts. Otto Marine  maybe different next day, if does - it goes back to 0.120 cts again.

I may wrong. Just guess work...Happi trading
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teeth53
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05-Apr-2012 13:08     
 
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After goes XR. it trading prices is now trading at where is belong....0.108 Vs 0.109

Otto Marine CPF XR Op-0.109 Cls-0.109 0.000 0.0 vol-1,173,000


teeth53      ( Date: 28-Mar-2012 19:40) Posted:



Assuming B4 XR  (12.2 cts x 2  price + 0.080 cts)/3=$0.108 cts, new trading price  may just trade in btw 0.105 to 0.115 cts. Otto Marine  maybe different next day, if does - it goes back to 0.120 cts again.

I may wrong. Just guess work...Happi trading.

settowin      ( Date: 28-Mar-2012 10:27) Posted:



It will probably go down to 12.2 cents before XR after which I think it will trade 8 to 9 cents. 

This normally happens with rights for sg.stocks. regardless of company.  Otto marine could be different, I guess.


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gavinl
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29-Mar-2012 04:17     
 
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Symbol Exchange Name Event Close at Event Target Price Range Opportunity Type
557 SGX Viking Offshore And Marine Ltd Head and Shoulders Top
0.12
0.10 - 0.11
 Intermediate-Term Bearish
560 SGX Aztech Group Ltd Symmetrical Continuation Triangle (Bearish)
0.09
0.06 - 0.07
 Intermediate-Term Bearish
G4F SGX Otto Marine Ltd Descending Continuation Triangle
0.13
0.04 - 0.06
 Intermediate-Term Bearish
L6T SGX PSL Holdings Ltd Top Triangle
0.35
0.28 - 0.30
 Intermediate-Term Bearish
N21.L SGX Noble Group Ltd Symmetrical Continuation Triangle (Bearish)
1.36
1.23 - 1.25
 Short-Term Bearish
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teeth53
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28-Mar-2012 19:40     
 
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Assuming B4 XR  (12.2 cts x 2  price + 0.080 cts)/3=$0.108 cts, new trading price  may just trade in btw 0.105 to 0.115 cts. Otto Marine  maybe different next day, if does - it goes back to 0.120 cts again.

I may wrong. Just guess work...Happi trading.

settowin      ( Date: 28-Mar-2012 10:27) Posted:



It will probably go down to 12.2 cents before XR after which I think it will trade 8 to 9 cents. 

This normally happens with rights for sg.stocks. regardless of company.  Otto marine could be different, I guess.

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xing78
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28-Mar-2012 19:34     
 
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 Alert Admin 		i took a chance to hold on for another day due to low volume traded in this counter yesterday. never did i expect the rights issue. :p

tiancai007      ( Date: 28-Mar-2012 18:25) Posted:

Bro Xing, I thought ur cut loss is 0.146? Why u didnt cut when fall to 0.146?

xing78      ( Date: 28-Mar-2012 09:38) Posted:

Sold off this morning at 0.139 for 7% loss. It may only find support at 0.128 in my opinion. I will consider to buy back before XR @ 4-Apr if price stay above 0.123. No point taking risk to hold for XR now. Good Luck :
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teeth53
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28-Mar-2012 19:25     
 
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Today. Closed at 0.130 cts (130+130+80)/3=113.33...cts

gavinl      ( Date: 28-Mar-2012 09:47) Posted:

Even not 50% drop but to 0.123 is also quite bad.

louis001      ( Date: 28-Mar-2012 09:24) Posted:



hey, don't scare people .. not 50% drop lah...

....do some home work calculations first..

(0.144+0.144+0.08)/3 = 0.123
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teeth53
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28-Mar-2012 19:20     
 
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Isit?. Cum Right (2 for 1)  is really giving players so much headache, it hit a low of 0.128c.

  Rights_Issue.pdf
Proposed renounceable underwritten rights issue of up to 945,214,500  new ordinary  shares to raise  gross proceeds of approximately S$75.6, - receipt of approval in-principle from the Singapore Exchange Securities Trading limited for the Listing  and quotation of the rights shares, - notice of books closure date.
Otto Marine CPF CR Op-0.141c Cls-0.130c -0.014c -9.7% Vol-25,960,000


Tomique      ( Date: 25-Feb-2012 18:47) Posted:

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:



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.”
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tiancai007
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28-Mar-2012 18:25     
 
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 Alert Admin 		Bro Xing, I thought ur cut loss is 0.146? Why u didnt cut when fall to 0.146?

xing78      ( Date: 28-Mar-2012 09:38) Posted:

Sold off this morning at 0.139 for 7% loss. It may only find support at 0.128 in my opinion. I will consider to buy back before XR @ 4-Apr if price stay above 0.123. No point taking risk to hold for XR now. Good Luck :p

louis001      ( Date: 28-Mar-2012 09:24) Posted:



hey, don't scare people .. not 50% drop lah...

....do some home work calculations first..

(0.144+0.144+0.08)/3 = 0.123
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settowin
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28-Mar-2012 10:27     
 
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It will probably go down to 12.2 cents before XR after which I think it will trade 8 to 9 cents. 

This normally happens with rights for sg.stocks. regardless of company.  Otto marine could be different, I guess.
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gavinl
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28-Mar-2012 10:16     
 
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I quite bad,

shorted 200 lots at 1.37 and covered back at 1.30.

Made about $1400.

But i will do charity.

:)


louis001      ( Date: 28-Mar-2012 10:00) Posted:



different people have different play...

some out and in again,

some stay on to pick up the rights shares at 0.08, and

some may just sell the rights away to pocket some cash..... and

worst, some don't even know they have the right shares...lol... 

gavinl      ( Date: 28-Mar-2012 09:47) Posted:

Even not 50% drop but to 0.123 is also quite bad.


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louis001
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28-Mar-2012 10:00     
 
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different people have different play...

some out and in again,

some stay on to pick up the rights shares at 0.08, and

some may just sell the rights away to pocket some cash..... and

worst, some don't even know they have the right shares...lol... 

gavinl      ( Date: 28-Mar-2012 09:47) Posted:

Even not 50% drop but to 0.123 is also quite bad.

louis001      ( Date: 28-Mar-2012 09:24) Posted:



hey, don't scare people .. not 50% drop lah...

....do some home work calculations first..

(0.144+0.144+0.08)/3 = 0.123
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xing78
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28-Mar-2012 09:56     
 
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Must count my lucky stars, now trading at 0.131.

Good Luck :p 
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gavinl
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28-Mar-2012 09:47     
 
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 Alert Admin 		Even not 50% drop but to 0.123 is also quite bad.

louis001      ( Date: 28-Mar-2012 09:24) Posted:



hey, don't scare people .. not 50% drop lah...

....do some home work calculations first..

(0.144+0.144+0.08)/3 = 0.123
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xing78
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28-Mar-2012 09:38     
 
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 Alert Admin 		Sold off this morning at 0.139 for 7% loss. It may only find support at 0.128 in my opinion. I will consider to buy back before XR @ 4-Apr if price stay above 0.123. No point taking risk to hold for XR now. Good Luck :p

louis001      ( Date: 28-Mar-2012 09:24) Posted:



hey, don't scare people .. not 50% drop lah...

....do some home work calculations first..

(0.144+0.144+0.08)/3 = 0.123
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louis001
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28-Mar-2012 09:24     
 
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hey, don't scare people .. not 50% drop lah...

....do some home work calculations first..

(0.144+0.144+0.08)/3 = 0.123
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gavinl
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28-Mar-2012 09:22     
 
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Yah man!

Want to run,better run.

Price may sustain only for a while[still not digest by the public yet]

I kaypo,not vested.


tankuku      ( Date: 28-Mar-2012 08:43) Posted:



Bad News - Right issue of 2:1 . This will likely to cause price to drop by 50%.

Do cut lost or take profit be the knife drop fast like mad.

Do luck.
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tankuku
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28-Mar-2012 08:43     
 
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Bad News - Right issue of 2:1 . This will likely to cause price to drop by 50%.

Do cut lost or take profit be the knife drop fast like mad.

Do luck.
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teeth53
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21-Mar-2012 17:14     
 
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It cross 0.003 cts. Last done after trading hr +0.004 cts. Last: 0.150     Vol: 15063k     +0.0040

Happi Trading. 
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tankuku
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21-Mar-2012 09:41     
 
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Good new announcement this morning:

MISCELLANEOUS :: PRESS RELEASE-OTTO MARINE SECURES 5 YEAR NORTH SEA SHIP CHARTERING CONTRACT WORTH US$36.5M

My broker recommmanded buy with TP: $0.42, cross $0.3 soon

Do vest and good luck

 
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